LOL KC how true :) but u're the smart one who managed to follow YS1 advice :) good for you :) hopefully when KNM hit 1.20 YS1 can belanja us Tai Tong LOL
ah yes i still remember and I think she is still pretty upset that YS1 unfriended her hehe Really new speedo? better than M Phelps - no wunder KNM swim so fast today LOL
Aiya, I have miss the boat. Look like next time I have to follow closely with YS1.. Frank, look like we are the two sturbburn did not follow master YS1
price going up, you see this is good share, price going down, you think the share is bad. you going to end up buy high sell higher, which increase the chances of you losing money.
this morning 10:45 - 11:15 am , you can still hear ka-ching ka-ching $$$$ sound ... now only the sound of Fatty Fernandez singing ... "I'll be there .. before the next ... teardrops fall ....."
by Kamarul Anwar of theedgemalaysia.com on Wednesday, 22 May 2013 07:47
KUALA LUMPUR (May 22): KNM Group Bhd shares and warrants surged as much as 11% and 28% respectively to become the most-actively traded entities across the bourse.
This comes amid prospects of the process equipment manufacturer listing its subsidiary in Singapore and investors’ current interest in oil and gas (O&G) stocks.
At 3:07pm, KNM shares gained four sen or 7.77% to 55.5 sen after trading as high as 57 sen. A total of 86.1 million shares changed hands.
Concurrently, the company’s warrants jumped 2.5 sen or 20% to 15 sen with a trade volume of 80.17 million. The warrants were earlier traded at a high of 16 sen.
KNM investor relations officer Stanley Khoo told theedgemalaysia.com that KNM benefited from investors’ current interest in the O&G sector.
“The market is hot with O&G counters right now,” Khoo said over telephone.
He also said KNM’s plans to list its German-based subsidiary Borsig GmbH on the Singapore exchange “is still intact”.
This is despite a recent news report quoting KNM managing director Lee Swee Eng as saying that the company has yet to submit any proposal to do so.
“The company (KNM) has plans to get Borsig listed (on the Singapore stock exchange) by the end of this year,” said Khoo.
According to the news report, UOB Bank Ltd has valued Borsig at between RM1.8 billion and RM1.9 billion after taking into account the RM500 million loan repayment made to date to Malayan Banking Bhd.
KNM could also raise up to RM475 million by taking Borsig public, assuming it divests 25% in the company, acccording to the news report.
history repeat..1.40 within 2 mths...by then if circular on borsig listing is out then the whole game plan change...very high target anticipated. It all depend on the ipo px and the entitlement for knm shareholder, plus the valuation of O&G sector by then. Strongly believe will not be cheap.
the o&g capex invt by Petronas on last bull (03-07) rm100b..now up by 3x...rm300b for 2013-2016. If last bull avg O&G stk up 300-2000%..what do u think the current super bull for O&G wi capex invt up by 3x?
@KC LOL, actually YS1 no need to tank me, I salute you because u always believe in General Lee despite the constant bad news and you deserve to be rewarded and hopefully more to come :) gambateh :)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Edmund
553 posts
Posted by Edmund > 2013-05-22 11:28 | Report Abuse
some one start to big volum sold..advise to run now..