Posted by OtisKL > 2023-12-15 14:05 | Report Abuse

Hiya everyone, what's new? Been away "overseas" for funeral rites, just got home.

@MacDee34, long time no see. Hope you are in the best of health. Thanks for sharing the article. Reading in the Star Online this morning, the police denied it was a raid wor.... well, if a report of any issue is lodged, it's the police's SOP to investigate, they are doing their duty, as I see it, moreover for any public-listed company, as it's in the interests of the public anyway.

Posted by OtisKL > 2023-12-15 14:09 | Report Abuse

While you were gone @MacDee34, a lot of good things happened, and KNM got their RO. However, it's still showing reds in their recently released quarterly report, although narrowed the gaps.

Posted by OtisKL > 2023-12-15 14:16 | Report Abuse

In fact, a better story for today, the Federal Court repealed Act 498 of the Penal Code, saying that "it's criminal to entice a married woman." The Federal Court said that is somewhat implying that the woman is the Husband's possession, macam slavery lar.

https://focusmalaysia.my/federal-court-declares-section-498-unconstitutional-in-landmark-ruling/

Posted by MacDee34 > 2023-12-15 14:18 | Report Abuse

Raid or no raid lah.. it is not the beach club. The point is an investigation is confirmed about all the never ending hanky panky of Tunku Yaacob and his incompetent management. It never ends. Can't even do an honest EGM.

Posted by OtisKL > 2023-12-16 13:29 | Report Abuse

@MacDee34, aah, okay, I see what you mean. Well, this company has a long way to recovery, hope it becomes a win-win situation for all.

Have you following up on Sapura Energy? It's another PN17 O&G company similar to KNM. SE has over RM10b debts, on the road to recovery, fell into PN17 one year earlier. But SE journey pretty smooth, recently they had a white Knight rescuing it.

Posted by Auntylee > 2023-12-17 13:32 | Report Abuse

@MacDee34
Cantonese said
“解释就是掩饰”🤫

Posted by batigoal > 2023-12-20 14:34 | Report Abuse

any news ??

Posted by Dehcomic01 > 2023-12-21 10:02 | Report Abuse

From a ROE vs share price trend perspective as per the chart below, you can see that while KMN ROE had improved recently, the share price did not have a corresponding movement. https://i.postimg.cc/m27CSYP9/KNM.png

You should not be surprised as KNM had not been profitable for many years. The current ROE is moving from a bigger loss to a lower loss ie negative 46 % ROE to a negative 14 % ROE.
There are better Bursa companies in the Bursa sector to look at. Are there opportunities in the Bursa Energy Services sector? https://www.youtube.com/watch?v=YrMdgjFHHaU

Posted by 11395861 > 2023-12-21 16:28 | Report Abuse

0.07 cent boleh masuk

Posted by Vhydro > 2023-12-21 22:17 | Report Abuse

0.01 cent boleh masuk

Posted by Strategist Invest Lam > 2023-12-22 08:44 | Report Abuse

KNM Group Berhad as a reputable and responsible company

Further reveal the latest progress of many of its corporate activities. In addition to continuing to cash out assets to reduce the company's debt burden, the listing plan of Borsig, a wholly-owned subsidiary, has also made significant progress. The company is currently negotiating with potential subscribers for the initial purchase price.

With the sale of FBM Group and Thai assets one after another, Cohenma will regain sustainable profits with the assistance of Borsig Group; Borsig Group will implement a dividend policy after listing, and at least 75% of the net profit will be used for dividends every year.

The company emphasises that the main creditors are very supportive of the current management, and the company will continue to actively discuss the restructuring plan with investment banks.

Posted by neemdom > 2023-12-27 19:10 | Report Abuse

Few years ago use to follow mr.sardine in knm forum.donot know whether he still holding knm.he said he sold his house to invest in knm

Posted by Medusa > 2023-12-28 09:34 | Report Abuse

Only c2pid will believe ppl sell house to buy stock

Follow medusa buy low sell high

Follow sardin buy high sell low

Kikiki…

Posted by MrMojo > 2023-12-28 12:47 | Report Abuse

Bought truckloads of knm.
No risk no gain

Posted by MrMojo > 2023-12-28 12:48 | Report Abuse

After much looking at how TY die die also must survive...i think its ok

Posted by MrMojo > 2023-12-28 12:49 | Report Abuse

Imagine putting 90+ mil of your own money.
Plus abu bekirs 30+ mil and u know yours n thiers interests align

Posted by OtisKL > 2023-12-28 14:09 | Report Abuse

Hiya everyone! Hope all is well. Looks like the price isn't going down below 9sen, which is a good sign to hold at this level until now. If only its subsidiary, KNM Process Services is injected into Borsig upon listing into SGX to push up its speed to have its presence in Malaysia and Asia generally, it will be very synergistic to KNM as a group.

Posted by MrMojo > 2023-12-31 12:30 | Report Abuse

What happened to german sausage?
Cant believe he didn't do anything these few months. So quiet.
And he cant have ran away.

Posted by MrMojo > 2024-01-02 12:33 | Report Abuse

Dream on lol

Posted by MrMojo > 2024-01-04 14:02 | Report Abuse

Hmm why does ppl like to delete their statements?
They must be cheaters n liars. Body got shxt hehe

Posted by MrMojo > 2024-01-04 14:02 | Report Abuse

I am curious mana german sausage? Perhaps a unity board can help speed things along eh

Posted by newbie9893 > 2024-01-05 11:40 | Report Abuse

macam nak gerak gerak..buy now before it shoot up

Posted by Eman123 > 2024-01-08 09:49 | Report Abuse

coming...

Posted by Bullkobear > 2024-01-11 15:08 | Report Abuse

is warming up again!

Posted by Dav Yau > 2024-01-23 23:32 | Report Abuse

Why no news on borsig listing in Singapore...

Posted by Dav Yau > 2024-01-23 23:32 | Report Abuse

If no listing, sayonara...loh

Posted by NorAfan > 2024-01-24 21:51 | Report Abuse

tangguh ke bulan Jun-July?

Posted by NorAfan > 2024-01-26 19:58 | Report Abuse

haha. Dari wawasan 2020 ke wawasan 2030 😆

Posted by Strategist Invest Lam > 2024-02-01 14:08 | Report Abuse

Good jobs done :

KNM Group Bhd has received the greenlight from Bursa Malaysia Securities Bhd for a six month extension to submit its financial regularisation plan to exit its Practice Note 17 (PN17) status

Posted by RedEmperor > 2024-02-09 11:50 | Report Abuse

So how much did Tunku pay for his latest off market purchase of 91Million shares? @16.52Cent/per share?

Posted by ocbc > 2024-02-09 14:07 | Report Abuse

SG listing coming after CNY, that is why he is loading

Posted by Dav Yau > 2024-02-09 14:56 | Report Abuse

Actually he is not loading...he is only averaging from RM 0.22 and 0.95 or RM 0.10

Posted by Dav Yau > 2024-02-09 14:57 | Report Abuse

That is why Tengku shares is now RM 0.165 after averaging...

Posted by Dawneagle > 2024-02-09 16:29 | Report Abuse

@Dav Yu
Your info is wrong. He purchased 91million shares at 0.165 - off market deal.

Posted by izoklse > 2024-02-09 20:32 | Report Abuse

very interesting TY keep on buying

Posted by MacDee34 > 2024-02-09 20:40 | Report Abuse

TY forced MAA to buy 91 million KNM shares at double the market price with an immediate loss of RM 7,280,000 because TY made a personal deal with his friend to help him win the KNM EGM? How can the MAA shareholders absorb a loss like this without shareholder approval? I thought this was a public company. Can we hold the Board personally liable for this loss? how can Bursa allow this? Where is the SC?

T. YAACOB VIA MAA PURCHASE OF 2.25% STAKE IN KNM ON 8.02.2024

Ref. is made to the 2.25% KNM stake purchase at double market price by T. Yaacob, equivalent to 91,000,000 KNM shares.

This off-market deal at 0.165sen/share follows the announced intention to deal within a closed period (announced on 6.02.2024) and was made on 8.02.2024 with MAA Berhad (TY) increasing its stake in KNM at the same price paid in October 2023 by Datuk Seri Mahmood Taib, who entered as significant shareholder with a 5.06% stake, later reduced below the threshold amount of 5%. T. Yaacob was committed to buying back all of DS Mahmood shares at the same price paid by the latter. This deal represents for MAA a loss of 0.080 per share [0.165sen less 0.085sen].

Posted by Dawneagle > 2024-02-11 01:14 | Report Abuse

@macdee34
All is fair in love and war.

Posted by Dav Yau > 2024-02-14 16:07 | Report Abuse

Will Tengku do a runner...???

Posted by theboss9009 > 2024-02-16 11:00 | Report Abuse

pung pang pung pang still at 8.5 sen adoiiii

Posted by ocbc > 2024-02-16 15:21 | Report Abuse

TY/MAA wants better control since Borsig to be listed in SGX likely this year.

Posted by KW L > 2024-02-16 21:20 | Report Abuse

Few years ago they said to list FBM Hudson but then what had happened? Nothing.

Posted by Orson Chin > 2024-02-17 09:19 | Report Abuse

all talk talk only ……. Where got go listed …. Can I search any information from sg there ?

Posted by Woodswater > 2024-02-17 22:34 | Report Abuse

KNM Bhd received binding and irrevocable offers to acquire the entire stake in its Italian unit FBM Hudson Italiana SpA for a total amount of 16.5 million euros (approximately RM84.99 million). The potential purchasers are Milan-based BM Carpenterie Oil & Gas SRL, which is offering to acquire 60% of the stake in FBM Hudson for 9.9 million euros, and Verona-based Officine Piccoli SpA, which seeks to acquire the remaining 40% stake for 6.6 million euros. The offers came after the Italian government had in November 2023 rejected the proposed disposal by KNM Bhd’s wholly-owned subsidiary KNM Europa BV of its entire stake in FBM Hudson to the United Arab Emirates' Petro MAT FZCO. Notably, the new offers would value FBM Hudson lower than Petro MAT's previous offer of 22 million euros. KNM receives new offer to acquire Italian unit for 16.5 mil euros

Posted by ocbc > 2024-02-23 10:11 | Report Abuse

listing of borsig coming nearer

Posted by Dav Yau > 2024-02-23 16:23 | Report Abuse

@acbc....are you sure....no news at all

Posted by Auntylee > 2024-02-25 10:23 | Report Abuse

KNM takes out RM2.1m loan from major shareholder MAA to pay CEO’s salary

Posted by ocbc > 2024-02-29 22:41 | Report Abuse

https://focusmalaysia.my/borsig-ceo-sgx-listing-of-crown-jewel-is-the-best-option-to-uplift-the-entire-knm-group/

Posted by ocbc > 2024-03-05 15:31 | Report Abuse

Follow AAsia style to list in US via SPAC can hit US$500m ( RM$2.X B) , now u know why they willing to pay Upto RM$0.18 fight for control now

Posted by MacDee34 > 2024-03-07 15:23 | Report Abuse

Tunku Yaacob Khyra: The Mastermind Behind KNM Group Bhd’s Vote Rigging Scandal:

Wow, you have to remember to check the internet news with a proxy or VPN these days. So much is blocked about KNM and the crooks running it. Shame on our MCMC for supporting fraudsters Like Tunku Yaacob Khyra and his failed MAA management running KNM.

If you can't access the link below, here is a small part of it exposing Tunku Yaacob:
Unfolding Allegations and Key Developments:

The scandal has unraveled further with the disclosure of communications from shareholders in reference to the KNM extraordinary general meeting (EGM) results from the 16 October 2023 election. These shareholders have expressed their outrage upon discovering that their names and shares were used without their consent, seemingly to secure Tunku Yaacob’s position at the helm. This misuse of shareholder identities has severely compromised the EGM’s integrity and placed Tunku Yaacob as the primary beneficiary of this fraudulent scheme.

The gravity of the situation was highlighted by the CCID’s intervention, where documents were seized from the Company Secretary’s office and the voting registrar. The focus was on suspected forged proxy forms. More than ten shareholders have reported that they were contacted by the CCID and interviewed, only to discover that their names were used and signatures forged.

https://businesssuntimes.com/tunku-yaacob-knm-vote-rigging-scandal/

We need to find honest people to run public companies.

Posted by MacDee34 > 2024-03-07 15:34 | Report Abuse

Here is another link. I see it everywhere now.

https://infopulsetoday.com/tunku-yaacob-knm-vote-rigging-scandal/