KNM has been trading above its upward sloping 20-Day Moving Average which is a good sign. It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from the support level of 0.405.
Not to worry we lost alot but imagine those major shareholder losses they need to recover too . Am averaging down if price dip below 0.40 . Double up haha
Ahbeng77, I'm sorry to hear that ur average price for this counter is RM1.37 n not much can u average down if u r holding a big volume. For me I'm holding a small volume of 15,000 shares at an average price of 66 sen n won't be much problem to average down n I'll consider if the price drops below 40 sen. Anyway v hope the share price to go up better than down. A Merry Christmas to all our christian friends n to others a happy holiday.
knm is digging its own grave ,,,borrowing money all the time...when other successful companies are getting projects..this last straw action borrowing from european banks placing borsig as security is risky business.This transaction more or less confirms knm is not getting any Petronas cake..Why borrow money if one can get lucrative Petronas contract.Now knm is solely depending on europe .With Borsig in full swing does not neccessarily mean getting new projects.Some market factors are beyond knm control.Now with lstest loan...there will be no news for a while...Thats why I say knm shares will downgrade to 40 or lower since this time around investors are beginning to lose confidence and may start selling despite making huge losses.
If u got friendr as contractor u know lor what problem their facing,bursa malaysia got so many good stock can chance other stock,why what to take high risk.
The support and resistance level of KNM are 0.405 and 0.46 respectively. It is observed that the MACD line of KNM is above the centreline indicating some degree of strength in the price movement.
Please think it deeply. The company importantly need some fund to operate which they had overcome the first level. The syndicate loan will somehow catalyze the company performance soon. Lets take a deep breath to the new wave...
Bez of the company performance not good so the share price at low level, you could see that they are work hard to restructure their company investment and assets, such as sold out the huge loss generate companys in Brazil......, so I think this company can be grow up again once they solve their fault invest. Please comment and correct me if my view incorrect.
If one is prepare for a long wait for them to put their house in order, then maintain status quo. If not, just take the loss and redeploy your money more carefully. I believe they have a lot of debts which even after getting back on track too, they would have to deal with it. I would not add more by averaging down as I would use the money for other more prospective counters. Its our selection of counters that put us in this situation. Be aware
Last FY, every quarter they earn more than 1 cent. This FY, every of the three quarters to date, its earning is less than 1 cent. God bless America, but not KNM
I bought some when recommended by a fren, but sold off at a loss long ago. Hope the company gets its job done quickly and will see a turnaround, so that its good for everyone.
The support and resistance level of KNM are 0.405 and 0.46 respectively. It is observed that the MACD line of KNM is above the centreline indicating some degree of strength in the price movement.
Not sure whether good time to accumulate knm or mas.Both deadwood floating in a muddy river..One may join the ocean and meet land...the other may run into a waterfall.I chose mas...
What i know is this company ady no cash to turn over,i guess this company will do the same history maybe 5shares became 1 n isu right isu,if can avoid this company dont buy any shares.
Time & Money are important in our lives. With money buy solid existing profitable companies to grow your cash pile. With time, spend it with your golf buddies, chat with your beer kakis, leisure mahjong, fishing, play with your kids, watch movies. Why dump these valuable resources.
knm compare to blue chip share like axiata , tenaga berhad .they are very high debt than knm. even cash in bank is,many but after net debt still owe the bank many money.
if the management of KNM is reading my message here.. please sell a portion of your business and PLEASE RETURN BACK THE MONEY TO SHARE HOLDERS.. please do not play humpty dumty games with the public..do not cheat retail investors.. if business not doing well PLEASE RETURN BACK THE MONEY TO SHAREHOLDERS....enough is enough
jcash ...just follow firebird advice.......if u r losing a lot..dont sell ..wait and see.if not losing too much..sell and get it of your chest..use the money on other profitble shares...or go on a holiday..wish u the best.
Been a ta kung chai myself before and not from a well to do family, it was painful paying tuition fees when things don't turn out the way you expect, so hope friends here invest wisely, whichever way you choose.
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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....
asriruslan
2,081 posts
Posted by asriruslan > 2013-12-24 09:33 | Report Abuse
KNM has been trading above its upward sloping 20-Day Moving Average which is a good sign. It is important to calculate the risk/reward as the recent upward movement has pushed the price to be quite far from the support level of 0.405.