KNUSFORD BHD

KLSE (MYR): KNUSFOR (5035)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.805

Today's Change

0.00 (0.00%)

Day's Change

0.805 - 0.805

Trading Volume

11,000


Be the first to like this.

161 comment(s). Last comment by Albukhary 24 minutes ago

soon9913

2,527 posts

Posted by soon9913 > 2024-01-16 20:19 | Report Abuse

this merger will fully release the value of the company

soon9913

2,527 posts

Posted by soon9913 > 2024-01-16 20:20 | Report Abuse

and the company will have strong cash flow after the merger due to strong order book and good project delivery record.

soon9913

2,527 posts

Posted by soon9913 > 2024-01-16 20:25 | Report Abuse

unclefollowers, you can get ekovest construction result from ekovest report.. it is profitable and result will be improving over the year

soon9913

2,527 posts

Posted by soon9913 > 2024-01-16 20:27 | Report Abuse

it will be worth at least 0.5 to rm1 after the merger with that level of order book and it is still growing!

dompeilee

11,888 posts

Posted by dompeilee > 2024-01-17 08:44 | Report Abuse

Who were the lucky ones who managed to buy more @ 90 & 90.5c yesterday?

UncleFollower

1,204 posts

Posted by UncleFollower > 2024-01-17 11:46 | Report Abuse

@soon let's hope so. For this one whatever I put in I am ready to lock it up until merger completion. Right now the liquidity is such that it will suck up our money lol, once buy don't think of selling just yet. Want to trade go back to Ekovest not this one

Posted by Trader1234 > 2024-01-17 12:10 | Report Abuse

@dompeilee - got at 90c today. as advised by Uncle, will just lock up to merger complete.

Posted by Trader1234 > 2024-01-17 12:11 | Report Abuse

If fall more, may consider to add...

UncleFollower

1,204 posts

Posted by UncleFollower > 2024-01-18 17:16 | Report Abuse

Bloodbath today didnt really affect Knusford. For this to come down to a point it hurts us, say 50-60c, one of the existing big shareholders have to sell. Otherwise there is simply no shares for sale. And if it comes down to that point, if we believe in LKH's merger plans, no reason not to double down 😌

soon9913

2,527 posts

Posted by soon9913 > 2024-01-22 13:35 | Report Abuse

buy and keep for such low price... it is damn cheap price now, anytime will break rm1 also.

dompeilee

11,888 posts

Posted by dompeilee > 2024-01-24 18:20 | Report Abuse

Congrats all bros here for HOLDING THE FAITH! The daily cup-&-handle formation is almost complete & I look forward to an upmove, sooner than most of us think, similar to the Daiwa Heavy rocket that almost tripled my investment in the Tokyo-listed shares last year: https://stocklaser.blogspot.com/2024/01/

soon9913

2,527 posts

Posted by soon9913 > 2024-01-29 21:58 | Report Abuse

lee so completed ady or not

theyoungman

1,792 posts

Posted by theyoungman > 2024-01-30 14:17 | Report Abuse

Share price seems stable at 0.90

Michael Kwok

6,125 posts

Posted by Michael Kwok > 2024-01-31 13:45 | Report Abuse

Dompeilee right in knusford??I doubt will up.eventhough have moment today.
31/01/24 1.45pm

soon9913

2,527 posts

Posted by soon9913 > 2024-01-31 20:34 | Report Abuse

no confident dont stay here lo

Albukhary

2,793 posts

Posted by Albukhary > 2024-02-09 00:05 | Report Abuse

Based on my own calculation, the floating share is getting lesser and lesser.
Once big player done the accumulation and start to push up, you will see the price jump up easily, RM100k can push up 7-8 bid, RM1-2mil buying can push the share price to limit up level d.

But, if the deal call-off, then prepare to drop to 50sen level. around 40-50% drop from current price.
This is why a lot of people choose to stay sideway to observe first, as they worry the deal is could be call-off.
But once the deal is on, all these people will pump in million n million and cause the price limit up everyday.

theyoungman

1,792 posts

Posted by theyoungman > 2024-02-22 18:57 | Report Abuse

Looks good today leh. Low vol, up 3c. Botak proposal realize soon

dompeilee

11,888 posts

Posted by dompeilee > 2024-02-25 08:41 | Report Abuse

High tight flag about to breakout on the UPSIDE!🤗

Albukhary

2,793 posts

Posted by Albukhary > 2024-02-27 12:43 | Report Abuse

Count down...

Albukhary

2,793 posts

Posted by Albukhary > 2024-02-27 21:20 | Report Abuse

GOOD RESULT

UncleFollower

1,204 posts

Posted by UncleFollower > 2 months ago | Report Abuse

Albukhary, I think we met in BPlant and MMC. We have same taste same views lol, gluck with Knusford another round

soon9913

2,527 posts

Posted by soon9913 > 2 months ago | Report Abuse

ekovest construction making good profit which the profit wil be transferring to Knusford soon upon merger!

UncleFollower

1,204 posts

Posted by UncleFollower > 2 months ago | Report Abuse

Yes Knusford will takeover Ekovest's most profitable business while Ekovest carries the baby with finance cost exceeding revenue 😱

soon9913

2,527 posts

Posted by soon9913 > 2 months ago | Report Abuse

the construction profit will be indirectly recorded in Ekovest book also through its subsidiary Knusford lo

UncleFollower

1,204 posts

Posted by UncleFollower > 2 months ago | Report Abuse

Yes but the point is what if Ekovest continues to bleed in highway operations but profit from construction? Since buying Ekovest is buying all of its business including durians. Knusford will be pure play.

Problem is we dont know what's the whole gameplan...Ekovest will own too much of Knusford, what's their next move

UncleFollower

1,204 posts

Posted by UncleFollower > 2 months ago | Report Abuse

@Knusford can you proceed with the share split first, we want some trading opportunities hello

Albukhary

2,793 posts

Posted by Albukhary > 2 months ago | Report Abuse

Anyone here still in Knusford? or all jump to another boat d?
I am still sitting on the boat, very lonely leh.
I alone pushing the boat, very heavy and very tired, still in the dark tunnel, cannot see any light yet...
Need more supporter come to join me push together... I believe sure got light at the end of tunnel.

UncleFollower

1,204 posts

Posted by UncleFollower > 2 months ago | Report Abuse

As recent as yesterday, I added another 75 lots. 50k @ 0.850 and 25k @ 0.865, I think. Lazy to check back. I will add add add until they proceed, OR call off the exercise..........

Albukhary

2,793 posts

Posted by Albukhary > 2 months ago | Report Abuse

Good to know that UncleFollower is on the same boat.
Me also, whenever I have bullet, or I take profit on other share, I will buy some Knusford.
Not dare to go in big, just slowly slowly collect whenever I saw it drop.
But once the share split is officially announce, I think I might be go in big, even though at limit up price (i.e. any price below RM1.20), because I believe minimum this counter is worth RM1.50 and above (30% discount to its current NTA)

Albukhary

2,793 posts

Posted by Albukhary > 2 months ago | Report Abuse

Today support Knusford again.
But selling force is still very high, my buy queue easily fill up by the seller.
Need to wait for other counter take profit then can come here buy again.

Albukhary

2,793 posts

Posted by Albukhary > 2 months ago | Report Abuse

KNUSFORD BERHAD ("KNUSFORD" OR THE "COMPANY") PROPOSED DISPOSAL BY KNUSFORD OF A FREEHOLD LAND TOGETHER WITH THE BUILDINGS ERECTED THEREON HELD UNDER HSD 51799, PT 43447, MUKIM AND DISTRICT OF KLANG, SELANGOR WITH A PROVISIONAL LAND AREA OF 25,625.48 SQUARE METRES BEARING POSTAL ADDRESS OF NO. 8, JALAN KECAPI 33/2, TAMAN PERINDUSTRIAN ELITE, SEKSYEN 33, 40350 SHAH ALAM, SELANGOR DARUL EHSAN TO EMERALD PLAN SDN BHD FOR A CASH CONSIDERATION OF RM28.0 MILLION

UncleFollower

1,204 posts

Posted by UncleFollower > 1 month ago | Report Abuse

This proposal shows the plan is still on. They're clearing up for the merger. At today's price Knusford is RM81M only. Land sale is 28M and around 15M was it net of debts. Faint.

Albukhary

2,793 posts

Posted by Albukhary > 1 month ago | Report Abuse

Yup, must have faith on Knusford.
NTA will be RM2.40 after the disposal of land.
Actually RM28mil for this land is below market price, with the same size of land at that industry area, market price should at least worth RM40-50mil. However, after I have visit to the land, I saw that the land is very near to river, and big portion of the land is undevelop. It mean, if buyer want to build factory / warehouse on the land, many earthwork need to be done, coz need a lot of cost to fill up the soil (minimum 3 feet), and the risk is also very high, coz too near to river, you donno when will floor, so maybe 1/4 of the land is not useable, coz they must maintain a distance of 25feet or 30 feet from the river.
Conclusion, although 28mil is very low price, but no choice coz the land have its own problem.

speakup

25,318 posts

Posted by speakup > 1 month ago | Report Abuse

mana lebih bagus - ekovest or knusford? some say ekovest. some say knusford. mana?

hhhiii123

742 posts

Posted by hhhiii123 > 1 month ago | Report Abuse

Patient game, hehe

Albukhary

2,793 posts

Posted by Albukhary > 1 month ago | Report Abuse

Today manage to collect some..
Sayang bullet tak cukup banyak.

soon9913

2,527 posts

Posted by soon9913 > 1 month ago | Report Abuse

Speakup, why not have both?

speakup

25,318 posts

Posted by speakup > 1 month ago | Report Abuse

Coz money don't grow on trees

soon9913

2,527 posts

Posted by soon9913 > 4 weeks ago | Report Abuse

this tree will print money bro

UncleFollower

1,204 posts

Posted by UncleFollower > 3 weeks ago | Report Abuse

Looking at what's happening at Ekovest, I think they will have no shame in delaying the proposal for another 3 motnhs come end-May, and another 3 months indefinitely is all possible...Playing with LKH we must be very patient

UncleFollower

1,204 posts

Posted by UncleFollower > 3 weeks ago | Report Abuse

Johor theme, and the one counter that has TMJ's direct ownership is valued at 80M. What??? 😅

soon9913

2,527 posts

Posted by soon9913 > 3 weeks ago | Report Abuse

You got the points... actually Johor theme should not delay anymore as restructuring taking time...

Posted by Believe3222 > 2 weeks ago | Report Abuse

tidur?

speakup

25,318 posts

Posted by speakup > 2 weeks ago | Report Abuse

Botak must hire Goreng King Victor Chin of Mmag

Albukhary

2,793 posts

Posted by Albukhary > 1 week ago | Report Abuse

Even there is only very little hope that the Merger & Acquisition proposal will have any update soon, but I still praying and hoping that Knusford can give us a surprise.
Everyday I am clicking on Bursa Announcement, hoping Knusford can have an announcement of Bonus Issue, Share Split, Trading Halt, Merger & Acquisition...

Please... Give me a 3:1 Bonus issue announcement.

UncleFollower

1,204 posts

Posted by UncleFollower > 6 days ago | Report Abuse

We refer to the announcements dated 19 August 2016, 21 September 2016, 2 November 2016, 8 November 2016, 18 November 2016, 22 December 2016, 19 January 2017, 24 January 2017 and 13 February 2017 in relation to the Disposal (“Announcements”). Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in the Announcements.

The Company wishes to announce that it has obtained approval of EPF for an extension of one (1) year with an automatic extension for another one (1) year for the Extended Exit Date under the Shareholders’ Agreement to 12 February 2026 (“Extension”) to facilitate and implement exit plan for EPF and the Company.

For information, the Company and EPF are evaluating various viable options together to implement the Exit Event or any alternative plan in the best interests of the Parties.

The Company will make the requisite announcement if there is any material development on the above.

UncleFollower

1,204 posts

Posted by UncleFollower > 6 days ago | Report Abuse

Just jabbing you @Albukhary 🤣

UncleFollower

1,204 posts

Posted by UncleFollower > 4 days ago | Report Abuse

Don't fret, this counter is like that

It's too small and illiquid there are no players in it

It's also TMJ's company no one dare to play play

Therefore it will not move ahead of announcements

Therefore there is no leakage of insider news other than what is already announced

When the time comes it will just gap up on low volume - this has been seen many times in counters of this type

So no worries bros

UncleFollower

1,204 posts

Posted by UncleFollower > 55 minutes ago | Report Abuse

Since no one comment I will post it here for records lol





Reference is made to the Company’s announcement dated 27 October 2023 in relation to the execution of a binding heads of merger agreement in relation to the proposed merger of the construction and construction-related businesses of Ekovest and Knusford via the proposed acquisition by Knusford of the entire equity interest in Ekovest Construction Sdn Bhd from Ekovest (“Proposed Knusford-ECSB Merger”) (“Announcement”). Unless otherwise stated, all terms used herein shall have the same meaning as defined in the Announcement.

The Company wishes to announce that the Parties have mutually agreed for an extension of 2 months commencing from 28 May 2024 to 27 July 2024, to grant more time for the Parties to assess, evaluate and deliberate the Proposed Knusford-ECSB Merger in detail and to discuss and negotiate on the terms of the Definitive Agreement between the Parties.

This announcement is dated 27 May 2024.

Albukhary

2,793 posts

Posted by Albukhary > 24 minutes ago | Report Abuse

Hi @UncleFollower, I think good news will be coming soon.

Post a Comment
Market Buzz