Haha...guess I was right. Iafx u are right too....its not good news at all. It sets the tone for future fund raising exercise. Looking at the balance sheet they need to get funds cheaper and fast!.
The best part. The loan size is bigger than the market cap of knm. Means if knm sell every knm share including yours n mine also cannot pay bank... so we assume tbe bank stupid la simply lend knm money
KLCI under selling pressure tomorrow...expected down 10-15 point follow by KNM will fall below 0.50 soon due to bad news announce today. Investor don't likes the proposal reduce par value as per Kretam share
For all the naysayers, disgruntled shareholders, and others who tried desperately to run down this counter even before trading started.......... Sorry guys better luck next time. Try harder next time bros!!.. It might or might not work..... Mr Market and General Lee rules OK! Next time go and study or read books on corporate finance and corporate maneuvers before u open ur trap. Cheers
I have had enough of this counter.knm keep turning round endlessly.Nobody at fault here.Whether knm go up or down...I m staying out.Very depressing.Lose some money ok,dont want create unnecesssary stress.
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....
yifie_911
1,582 posts
Posted by yifie_911 > 2014-01-27 23:38 | Report Abuse
Last time increased par value from 25 sen to rm1 by combining 4 shares into 1.
Now reducing par value to 50 sen but no splitting share into 2...