.
yes, all a good biz needs is to raise capital.
if a company doesn;t need to borrow for biz expansion, its share price would be different already!
surely there is risk in all biz undertaking
but at least, some activities looking forward
keep it up, knm...

.
yes, some hope next week...
http://www.reuters.com/article/us-opec-meeting-saudi-iran-idUSKCN11T0XI

.
yap, oil stories not so good
expected to move south more...
may find another bottom
i am still keeping, perhaps to wait a while for my next pick
good luck to me..

.
Sarawak/Sabah hitting hard on Petronas on Manpower, next Board Seat...next??
Why not upset??
5% loyalties ONLY from OG revenues in these states??

http://www.thestar.com.my/business/business-news/2016/09/17/board-seats-for-reps-from-sabah-sarawak/

.

Be Prepared!
Dayang is the only Sarawak Based oil company!!!
Putrajaya now talks about equal manpower for Sarawakian.
Many oil fields located in Bintulu-Miri range! so?

“We will be stronger if we move forward in harmony. I want to see more Sarawakians in Petronas based on merit. We want all to be equal,” said Najib.

He said that Putrajaya would take the interests of Sarawak into account – along with national interests and the interests of Petronas – when it comes to resolving issues affecting the oil and gas sector.

http://www.thestar.com.my/news/nation/2016/09/16/najib-putrajaya-sarawak/

*loss

.
oil price extremely volatile at this time
can swing with variance of usd1 within minutes
guess oil traders uncertain over oil glut, rate hike, coming opec/non-opec meeting, demand data etc
most oil counters going south this week...may continue.
some cut lost and find next bottom
i am still keeping but wait and see,..perhaps a bit longer for next entry..
good luck!

.
asking for deferment of debts? not again?

http://www.thestar.com.my/business/business-news/2016/09/09/perisai-seeks-to-defer-$$125mil-notes-maturity-date/

.
zulmuiz, some hopes somewhere somehow....
also opec/non-opec keep talking now and then, some say "cakap kosong only!"
i keep longer term..and still collecting..because i believe there is still some hopes (not all kosong!)...

http://www.theedgemarkets.com/my/article/opec-secretary-general-meets-iran-oil-minister-tehran

.
BUMI ARMADA REPORTS REVENUE OF RM402.9 MILLION, EBITDA OF
RM198.7 MILLION AND PRE-IMPAIRMENT NET PROFIT OF RM57.1
MILLION FOR THE SECOND QUARTER ENDING 30 JUNE 2016

 Second quarter 2016 revenue was at RM402.9 million, 12.2% lower than
the RM459.1 million reported in the second quarter 2015.

 EBITDA for the second quarter 2016 was RM198.7 million with the
EBITDA margin at 49%.

 The Group posted a net profit before impairment charge for the second
quarter 2016 of RM57.1 million.

 After including total non-cash impairment charges of RM575.5 million,
predominantly on the Armada Claire, the Group posted a net loss1
for the second quarter 2016 of RM518.3 million.

 Second quarter 2016 FPSO and FGS revenue contributions declined due
to the loss of revenue from Armada Claire, lower conversion activities
as new projects near completion and lower contribution from Armada
Perkasa.

 The Group’s total order book as at end-June 2016 stood at RM37.1
billion (RM24.5 billion of firm contracts and RM12.6 billion of optional
extensions).

.
Losses due to non-cash impairment of RM575.5M
Revenue was at RM402.9M (12.2% lower compared preceding qtr).
Net profit before impairment charge - RM57.1 million.
Lets see what investors got to say on Monday!

.
boleh tahan, not red.
some improvement in revenue (RM100M or 13.60% up - 1H of current year vs preceding year) with 11% up in profit (current qtr vs preceding qtr).
hope investors can accept..

.
drop back, but in line (http://klse.i3investor.com/blogs/kltrader/102814.jsp)...
can see many do downward collection while contra players selling down!!
but for longer term, please.
many believes in Top 5 shareholders of UMWOG!
contract play in oil counters, not advisable!
Good Luck!

.
hope so, loss per share, 2x much better than UMWOG

.
compared to qtr 1, got improvement

.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5185005

.
red, but not so bad..
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5184901

.
some breathing space..
but see what Perisai got to say next Wednesday - qtr result!!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5181117

.
good comments
qtr result out this month.
hope a good one!

.
yes, highly geared/low liquidity by further deferment of work contracts.
qtr result should be out anytime.
stay cautious!

.
http://www.thestar.com.my/business/business-news/2016/08/16/mmhe-teams-up-with-terengganu-govt-to-offer-marine-vessel-repair/

.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5177217

.
plus potential producers oil freeze, further push up knm.

http://economictimes.indiatimes.com/markets/commodities/news/oil-prices-firm-on-potential-producer-action-to-prop-up-market/articleshow/53704599.cms

.
possible added oil push due to "Brexit ‘will be delayed until end of 2019’'.
http://www.reuters.com/article/us-britain-eu-timing-idUSKCN10O0Y9

.
goldentriangle, Angeline,
good show...
hope KNM follow too...

.
goldentriangle, i am with you too here
i guess monday will shot a bit, but investors remains pessimistic on oil related counters..
bullish effects comes from arab talks on possible production freeze - may/may not happen!(
http://www.marketwatch.com/story/oil-prices-extend-gains-after-saudi-hints-over-freeze-pact-2016-08-12)
heavy assets investment here.
qtr result out soon
just hoping no further impairment.
all the best to us!

.
yesterday, the edge had some write up on Perisai.
very heavily geared due to heavy assets investments and deferred contacts further
financial results will publish soon
just hope for the best!

.
Remain challenging!
http://www.theedgemarkets.com/my/article/knm-aims-regain-its-shine

.
goldentriangle, keep steady with upside traction.
hope Saudi stands on our side!!..
http://www.theweek.co.uk/oil-price/60838/oil-price-jumps-as-saudi-arabia-fuels-production-cap-rumours

http://www.thestar.com.my/business/business-news/2016/07/29/oil-prices-fall-to-fresh-april-lows-as-oversupply-bites/

.
Oil fundamental not convincing.
Just take a bit caution!
Qtr result release Aug16
May find another lower support
Good luck.

.
5243 (UMWOG °)
Changes in Sub. S-hldr's Int. (29B)
29-07-2016 07:00:32

Name: AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA
NRIC/Passport No./Company No.: 766894-T
Nationality/Country of Incorporation: Malaysia

Address:
Tingkat 4, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur Wilayah Persekutuan Malaysia

Descriptions(Class and Nominal Value):
Ordinary Shares of RM0.50 each

Name and Address of Registered Holder:
AmanahRaya Trustees Berhad- Amanah Saham Bumiputera Tingkat 4, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur

Date of Notice: 26-07-2016

Transactions:
No Date Transaction Type No of Shares Price(RM)
1 26-07-2016 Acquired 13,000,000 0.000

Circumstances by reason of which change has occurred:
Purchase of shares

Nature of Interest:
-

No of Shares Held After Changes:
shares (8.6960%)
Indirect: 0 shares (0.0000%)
Total: 188,000,000 shares

Remarks:
This Form 29B was received by the Company on 28 July 2016. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com

Submitted By:

Ref Code: N201607283600220

.
goldentriangle, same wavelengths...
i believe the support is somewhere near 0.40
sometimes my knm portfolio in green and sometime in red
not too far out because of RCA
good luck..

.
keep cool guys..
keep longer....
Ringgit Cost Averaging, please
stay happy
i am still collecting...

.
Early stories.
Not contribute to this qtr result.
No harm to keep some...

.
13M shares on queue to pick up now at 0.400!!

.
SO FAR, lowest support is somewhere near 0.400 to 0.415 - last few weeks
those keeping since beginning of 2016, avg price cannot be lower than that - when started to climbed down from 0.500.
some did cut loss and buy back at lower price
today many still collect downward, and I am one of them
seriously speaking, oil MAY still looking for new bottom while a spark of middle east geopolitics tension will "FLY" the oil price up high !!
I am just preparing for the BEST from KNM!!
good luck

.
any dividend?

.
hope knm found the bottom!

.
goldentriangle, stay cool.
just now, Bank of England decided hold rate steady, oil price bullish
next moment, it went bearish because traders worry supply glut!
observe the trend is best.
many believed oil is near bottom
exactly, epf practices cut loss strategies to buy-back later at lower price.
see Armada, they did that,.Armada is upside steadier!
i believed BOE did a good job to stabilize Brexit,
see tomorrow...

"...Investing.com - U.S. stock markets pointed to sharp gains at the open on Thursday, with the Dow and S&P 500 on track to open at new all-time highs, though indices pulled back from the strongest levels of the session after the Bank of England kept its benchmark interest rate unchanged.

...U.S. crude was up 41 cents, or 0.9%, to $45.16 a barrel, while Brent tacked on 48 cents, or 1.02%, to $46.73."

(8.51pm, MYR Time:oil price USD45.77 +1.02 (+2.28%)

.
not really i queue at 0.400 (since only 1.23% down)
still observing if 0.40 can support
if cannot, expect someone to push further down to next support level.

In reading the above, at 12.30pm,...buyers are queuing to buy 11.36m shares at 0.400!!
while 2.0m shares are willing to be sold at 0.405!
think about it!

.
oil price is near or very near bottom
oil price may or may not spike/plunge today/tomorrow.
so uncertain!!!!!
someone is pushing down the price (not unusual in stock mkt) esp during high stock mkt volatility.
while someone is trying to pick up downward as Woodswater said..till 0.10 (if it really happen).
ask yourself...how much you wish to invest in knm
have enough funds and within your set budget, pick downward with NO HURRY...
end of the day, your avg price may end at 0.30!!
if you have dumped in 100% of your budgeted fund for knm by now, you may not be happy!
simply because you may see someone picking up lower while you can't...
good luck!

.
yes, oil price on downtrend
biggest (5%-6%) drop last 2 days - due to brexit/supply glut fears!!
expect panic/pressured selling button triggered!!
i am hoping to have my turn to collect SOME on Friday!
wishing all Muslim Friends - SELAMAT HARI RAYA

.
yes, oil almost drop by 4% yesterday!
this morning, the trend seemed down trend (May continue further due to Briexit/supply glut worries)
not too worry (skpetro has strong fundamental).
i hold and spare enough to collect more downwards - collect only if price lower than my avg price hold by say, 5-7%.
friday can be a collection time from panic/pressured selling - good luck
wishing all Muslim Friends "a happy / selamat Hari Raya Aidilfitri,"

.
kinfatt999, happy news!...

Best pick questions from Mr.Nelson...

Q What is your advice to the retail investor?

A Market timing in this sector is very difficult.

We recommend a dollar-cost average strategy for making an allocation and believe that after the prolonged weakness in the natural resources sector, this is now an attractive buy-and-hold investment on a three-year view.

.
thanks, speakup for sharing..
so far, one of the most promising passing remarks on SKPETRO among all oil companies!!
why wait?

"Since then, its shares have rebounded by more more than 11%. It closed at RM1.47 on June 30, which is still some ways below its net assets per share of RM1.98.

.
short position/contra players, i cannot advise as oil price has high volatility.
oil counters can moves up/down fast almost more than 1 year.
skpetro has strong fundamental, guess you all have been reading many good news about them lately.
long position players, yes, buy some to keep for longer period say till 2017.
i am still collecting and buying while low enough...cost averaging!
good luck

.
yes, knm indirectly related to oil price.
better oil price boost energy related and some industrial counters as well.
last night, us/europe market react negatively to brexit.
so important to note the next support level especially when ppl had -ve perceptions on brexit
just wait for your turn to top up.
happy weekend

.
good show
top up some today to average down
briexit is over
back to oil fundamental
lets see what us/europe got to say tonight on stock/oil mkt.
we will soon find another support level on monday
all the best...