Posted by ambani > 2014-01-27 14:42 | Report Abuse

Knm is privatise first and then whole entity listed in sgx for better value .

Posted by ambani > 2014-01-27 14:50 | Report Abuse

986 million loan from syndicate bank will be use for privatise knm.

Posted by Terry Sinclair > 2014-01-27 14:52 | Report Abuse

Gen lee is overseas at the moment.My contact therefore has no news to tell me.

Posted by 31153115 > 2014-01-27 14:56 | Report Abuse

oooo.....buy buy before too late

Posted by psd57 > 2014-01-27 14:57 | Report Abuse

The privatization deal is on.

Posted by Terry Sinclair > 2014-01-27 15:14 | Report Abuse

Hari ini dalam sejarah knm ...........

Posted by Qintian > 2014-01-27 15:25 | Report Abuse

when will they announce the news if is on?

Posted by yifie_911 > 2014-01-27 15:37 | Report Abuse

son no move

Posted by Qintian > 2014-01-27 16:09 | Report Abuse

it move yifie.. moving down..

Posted by yifie_911 > 2014-01-27 16:28 | Report Abuse

this week hopeless

Posted by Terry Sinclair > 2014-01-27 18:18 | Report Abuse

Luckily I manage to sell at 56.Looks like downtrend to continue tomorrow.

Posted by tjhldg > 2014-01-27 18:22 | Report Abuse

kikikiii ... 1 week after cny holiday u will know

Posted by wahlaueh > 2014-01-27 18:22 | Report Abuse

MULTIPLE PROPOSALS KNM GROUP BERHAD (“KNM” OR “COMPANY”) (I) PROPOSED PAR VALUE REDUCTION; (II) PROPOSED AMENDMENT; AND (III) PROPOSED ESOS (COLLECTIVELY, REFERRED TO AS “PROPOSALS”)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1526657

Posted by yifie_911 > 2014-01-27 18:23 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1526657

Good or Bad?

Posted by 8888 > 2014-01-27 18:39 | Report Abuse

sure bad news

Posted by psd57 > 2014-01-27 18:41 | Report Abuse

Good. Utilisation of share premium - bonus issuance (crediting share premium account and debiting share capital).

Posted by tjhldg > 2014-01-27 18:44 | Report Abuse

no big deal , normal exercise .

Posted by 8888 > 2014-01-27 18:45 | Report Abuse

europe bleeding lo bad news

Posted by tjhldg > 2014-01-27 18:45 | Report Abuse

up trend maintain !

Posted by psd57 > 2014-01-27 18:55 | Report Abuse

The company may use the share premium account to pay up new shares to be
allotted to members as fully paid bonus shares.

Posted by ambani > 2014-01-27 19:00 | Report Abuse

Do we benefit from it, psd57

Posted by yungshen1 > 2014-01-27 19:04 | Report Abuse

must know one thing USA and europe economy recovery already .they currancy strong back .

Posted by yungshen1 > 2014-01-27 19:09 | Report Abuse

primuim share 53388 lots to be pay to share holder.that is good.

Posted by psd57 > 2014-01-27 19:16 | Report Abuse

ambani: The Proposed Par Value Reduction will give rise to a credit of RM745,006,626 which will be credited to the share premium reserve account of the Company and may be utilised in such manner as the Board deems fit and as permitted by relevant and applicable laws.

The existing shareholders will benefit from the bonus issuance if proposed.

Posted by tjhldg > 2014-01-27 19:20 | Report Abuse

kikiki , sure will benefit if proposed.

Posted by Stevecheahsw > 2014-01-27 19:28 | Report Abuse

KNM  may  scale  higher  after  the  latest  “Bullish Engulfing Pattern”. Traders  may  opt  to  purchase  the  stock  if  it  stays  above  MYR0.55 today, with a close below MYR0.53 as a stop-loss. The price target is MYR0.65,  if  the  MYR0.60  resistance  is  broken.  However,  note  that the  stock  could  trend  lower  if  it  fails  to  stay  above  MYR0.55, while downside risk will increase if the stop-loss is triggered.

Posted by yifie_911 > 2014-01-27 19:28 | Report Abuse

let see how knm will perform tml

Posted by psd57 > 2014-01-27 19:33 | Report Abuse

ambani & tjhldg; Share Premium Account and Its Uses

The share premium account has to be considered as part of the total capital i.e. it has to be captured in company’s balance sheet. There are many different ways this premium account can be used. I will list few of them here:-
1, Company pays bonus shares and/or options to many employees or services provided to the company. These bonus shares and options are paid from premium share account;
2.Use it to balance out or writing off company’s expenses in issuing IPO;
3.Use it to balance out or writing off commission paid for marketing expenses of IPOs
4.Use it to balance out or writing off discounts allowed to any issue of shares or debentures of the company;
5.Use the money for share buy back;
6.Use the money to fund growth and expansion for the company;
7.It cannot be used for dividends .Dividends are debited from the company's retained earnings and not from Share premium Account

Posted by ambani > 2014-01-27 19:42 | Report Abuse

What are the share price reaction tomorrow, psd57?

Posted by Terry Sinclair > 2014-01-27 19:53 | Report Abuse

this is not privitisation...nevertheless tomrow will know reaction.

Posted by psd57 > 2014-01-27 19:55 | Report Abuse

UPTREND!! Dow futures is up now, hopefully perform better today. could be a technical rebound

Posted by tjhldg > 2014-01-27 20:15 | Report Abuse

hehee ... thanks psd 57 ...
m monitor and hantam this counter few week liau , any how if pusing balik 0.505/0.50 , take profit or cut , else let profit run ..

m thinking new high soon . kikikiiii ... my 2 cents ..

Posted by yungshen1 > 2014-01-27 20:26 | Report Abuse

psd57 how many lot u hold

Posted by IniKaliLah > 2014-01-27 20:46 | Report Abuse

Tomorrow sure limit down....TP below 0.45 cent

Posted by tjhldg > 2014-01-27 21:00 | Report Abuse

base on ? mind to share ? or simply .....................................

Posted by yungshen1 > 2014-01-27 21:05 | Report Abuse

dun limit down la.limit up pls

Posted by slts > 2014-01-27 21:06 | Report Abuse

messaging their capital structure by
applying creative accounting
nonsense CO....sell

Posted by tallman > 2014-01-27 21:24 | Report Abuse

High debt, eat investors $, buy kfc to eat batter than knm lol.

Posted by tjhldg > 2014-01-27 21:25 | Report Abuse

hah , like that ok , slts got his points of view ..... me and others share holders got ours also . just don't simply say something without fact or data to support your posting ..

Posted by slts > 2014-01-27 21:40 | Report Abuse

psd57,
5.Use the money for share buy back;
6.Use the money to fund growth and expansion for the company;
above cannot be used at this stage, Co no more money, all burnt over the yrs
now KNM is heavily in debt , messaging their capital to raise funds again
another MAS, dying slowly

Posted by IniKaliLah > 2014-01-27 21:47 | Report Abuse

Bad news for long term investor...Sell yr holding and buy Daya or Iris is better outlook

Posted by psd57 > 2014-01-27 22:09 | Report Abuse

Uptrend for KNM shares tomorrow - privatization is on the cards as they hv sufficient money in share premium and ample reserves.

Posted by 31153115 > 2014-01-27 22:16 | Report Abuse

may god bless all knm holders, pray hard

Posted by CityTrader > 2014-01-27 22:21 | Report Abuse

Is that true story or rumour. Precaution is better than cure, bro n trade with extra careful when it hit 0.62-0.64. My personal opinion only.

Posted by psd57 > 2014-01-27 22:29 | Report Abuse

CityTrader: Privatisation is the way to satisfy once and for all, all the disgruntled shareholders .Many companies does it here. From the accounting point of view, it is fair and the way out.

Posted by yifie_911 > 2014-01-27 23:04 | Report Abuse

amitabha

Posted by speakup > 2014-01-27 23:09 | Report Abuse

knm will fly tomorrow. will gap up.

Posted by yifie_911 > 2014-01-27 23:21 | Report Abuse

optimistic prediction...

Posted by keanpoh > 2014-01-27 23:32 | Report Abuse

Honestly, I do not see anything different when you reduce the Par Value from RM1 to RM0.50 per share. It's just the face value of the paper, that's all.

How can you generate cash for share buyback by simply reducing the Par Value of the stock? Magic? From thin air?

There is only 3 ways a company can raise additional fund:
1. Income generated from business operation
2. Raise debt (bank borrowings or issue corporate bonds)
3. Raise new equity (issue new shares, rights issue or options)

Reducing par value does not create value for shareholders.

Posted by iafx > 2014-01-27 23:35 | Report Abuse

read carefully, this is not a good news at all: http://www.theedgemalaysia.com/business-news/272902-knm-proposes-to-cut-share-par-value-by-50.html