If want to invest in Bursa, better brush up some financial statement reading and interpretation skill. This will definitely good to become a smart Hai, and avoid to be a Soh Hai.
The way I look at the share price of KNM from now onwards could be in trouble. No I am not hoping that its share price falls because that doesn't benefit me, but just my opinion. May be it could be a good guide to those who are too bullish about KNM.
KNM never has any fundamentals to back up its share price. Earnings deteriorating or rather none at all, and worse making heavy losses because I have doubt if those little earnings are real or not for years, balance sheet bloated up with huge borrowings, no cash flows at all. Its NTA is made up of goodwill and intangibles, huge receivables and inventories, not hard and "real" assets. So KNM's earnings and NTA is just castle in the air. The listing of apa itu Borsig have been talking for ages but why still not listed? I am afraid there may be problems, problem that if Borsig is even qualified to be listed. Just guessing. But all this while it has a flamboyant CEO, one who could talk about KNM's great future, and convince analysts and investment bankers to write good things about KNM (I heard analysts can write anything you want, provided you help me I help you lah). Now all the analysts and investment banks have their broken records actually broken as KNM just has nothing to show for so bloody long time already. Now all of them are downgrading KNM share price. So where is the support for the share price now? I hope I am wrong for I don't want to see people losing money here.
kcchongnz... good fundamental analysis... You are right, broking house is a profit organization so? Base on chart... KNM is terrible as too many people stuck at high price, you look at the volume done. Volume done at below 0.50 is much lower. If tomorrow, unable to rebound, a lot of people will cut loss and margin call too. False breakout, always cost a lot of people got burn.
Harry Khaw, if possible don't enter, no future thin profit margin super high debt company, can invest in other good o n gas counter,if insist, than enter at 0.42 and below
the annual report shows that they benefited from government grant in year 2012, but after the grant lifted for Borsig..well, we saw that result in Q1 report.
no worries YS1 sifu and sapu both also start with S - when price goes up after you sapu then you sure to be confirmed sifu :) Then you'll be known as the Sapu Sifu :)
i think knm drop until 0.400 only be save resistance. then u all guys can buy the cheap price. and sell it at high price. hope announce good news to push the share price up.
Hi yungshen1,u sold it already?i buy in KNM-wa at 0.125 100 lot today...Notice of Share Buy Back Immediate Announcement (20130605NI00277) Company Name KNM GROUP BHD Stock Code / Short Name 7164 / KNM Date & Time Announce 05/06/2013 6:12:07 PM Subject Notice of Shares Buy Back - Immediate Announcement Date of buy back (From) : 05/06/2013 Date of buy back (To) : 05/06/2013 Stock par value : 0.000 Total number of shares purchased(units) : 5,000
Minimum price paid of each share purchased (RM) : 0.510 Maximum price paid for each share purchased (RM) : 0.510 Total consideration paid (RM) : 2,593.770
don't worry. whilst you guys are till obsessing about knm, i bought power root at 1.49. today it touched 2.20 (up almost 70 cents in 2.5 months). that increase is MORE than the value of one knm share. who says i'm not having fun?
something about General Lee that some KNM 'investors' finds attractive. maybe becoz he looks like the BIg bad guy you see in the movies that cannot be killed with his dark shade glass after the AGM I'm back - to take more of your money each and every few time the wok is hot?
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....
kcchongnz
6,684 posts
Posted by kcchongnz > 2013-06-05 16:06 | Report Abuse
If want to invest in Bursa, better brush up some financial statement reading and interpretation skill. This will definitely good to become a smart Hai, and avoid to be a Soh Hai.