Posted by KC Loh > 2012-08-17 11:10 | Report Abuse

Frank, you sure you dont want buy back and apologise to General Lee ar?

Peterborough project seems to be achieving financial closing wor, according to Kenanga: http://klse.i3investor.com/blogs/journeytowealth88/16132.jsp

Posted by bryan_su > 2012-08-17 11:16 | Report Abuse

yes, is frank, i remember him... LOL...

Posted by franksoweto > 2012-08-17 11:24 | Report Abuse

solly solly general lee - did not know you working very hard in the background and get peterpan off the ground. I see blue sky ahead but still out for me as current price at fair value ( to me only! )I need to see more prove of the financial close first also you promised that you'll give 50% of the dividens of profits on your last agm but till now 2 quarters of profits still no dividens? Also as mentioned tax credit will expire and looming right issues coming - just too much risk for me. Please don't listen to me! I got this hunch that this stock will fly to 1.00 soon but I already move on. My buddies The Expendable gang is out of sight and so is Selene. o.k it's the heine again sorry but again cheers to KNM holders. Hope more fireworks in the afternoon session and don't forget to book dinner at nice restaurant tonite. Thank You General Lee. You deserve to be the richest man in bolihland!

Posted by franksoweto > 2012-08-17 11:28 | Report Abuse

all the knm holders make lots of monies even the dart thrower too so i'm looking for the next pennies to shoot up - maybe nextnation? just got some darts on sale from walmart and have some charts on the walls for the active list - will go practice now hehe!

Posted by angkor > 2012-08-17 15:10 | Report Abuse

if can get the financial approval on Oct 2012 then it will be another boost...

Posted by suhnaj > 2012-08-17 15:12 | Report Abuse

Hope u hit the bulls eye. Do shr the hit 1 ya. Lost bullet oredi on counter to pick. Considering MFlour n QL. wht say u bro?

Posted by Pak Lah > 2012-08-17 16:34 | Report Abuse

Mampus, sudah gos-tan 0.710

Posted by alexisvics > 2012-08-17 20:22 | Report Abuse

What to do, many become kia see and kia su. Hit and run before it can go higher. Perhaps the market has not digested the big volume. Those who play contra might not be able to sleep soundly ......

Posted by Ching Yin Carrot Loh > 2012-08-17 20:55 | Report Abuse

Alexisvics,totally agree with what u said=)

Posted by KC Loh > 2012-08-17 22:09 | Report Abuse

With the explanation of TA securities, how the rights issue will pare debts for next 5 months, whilst waiting for Peterborough project to get itself up and running, there looks of signs that KNM will rise. Peterborough (PEP) will be a 400mn + p.a. revenue back to KNM owing to their 20% stake.

As their tax leverage expiring will expire this year against project to complete in 2016 for the first phase, KNM seems to have tied down credit facilities with both Exim & consortium for Peterborough and ADB to handle subsidiary or associates cashflow at the moment. Valuation will rise after the announcement if confirmed.


major questions:

after five months, when the rights issue 200mn is utilized to pare down debt, that will be the interesting part, if they are utilizing the credit secured from the Peterborough plant to sustain the company. So far, on paper they look good, and just thinking if their existing cashflow then would be enough to take it off the block as TA mentions only securing finance from EXIM bank for the period 2013-2015. what happens in 2016 if project is delayed? I assume they have to break it to two phases because of that, assuming that Exim only agrees to provide facilities for the first phase due to the magnitude of the loan and then self sustaining for the second one.

with only 20% returns, who represents the majority stakeholder? is KNM in the driving seat?

Credit from Exim, is it both secured and what collateral are they asking from the Peterborough project? still negotiating? What will the collateral be in terms of translation to shares? Will Exim's conglomerate take a big chunk of the profit owing to the risk they take to finance KNM?

With improved performance of Borsig against a slower European climate, can they maintain performance? will Europe go to a recession?

will investors have to keep waiting for earnings seeing that the project phase one is 2016 away? can the other associates help pare down their current debts after the rights issue when they themselves are seeking loan from ADB? Will there be dividend thereafter when shares position is already diluted with the issues?

TA Securities' TP is 90-sens. Let's see!

Posted by KC Loh > 2012-08-17 22:09 | Report Abuse

further reading here: http://www.bursamalaysia.com/market/listed-companies/research-repository/research-reports#/?counter=7164&cbrs=all

Posted by KC Loh > 2012-08-17 22:17 | Report Abuse

or check bursamalaysia.com's Research Repository dated 17th August if the above link doesn't work!

Posted by franksoweto > 2012-08-18 00:25 | Report Abuse

dun worry guys it's the long weekend and after the huge surge need a little break. yeah KC -great analysis better than those dumb anal lysts who cover this stock. Million $ ???? The important thing is that they need the close of peter pan - looks that way since they got backing from Exim even though on the first part only. Peterpan is a huge project and comprise more than 50% of their orderbook.funny the guidance margin was over 30% when first announce and now 25 but still better than the legacy that they're almost done. Borsig looks good despite the tough enviroment in Europe. knm guidance - thats the scary part - I've followed them and their guidance is always way off - hopefully this time mgmt will guide correctly.Dividen? - furget about it and even if they declare any it will not be the 50% that they mentioned earlier- that is why I dun like this company - lousy management. all in all despite much uncertainties things are looking better for knm. worth watching closely for further development.

Posted by Ching Yin Carrot Loh > 2012-08-18 00:55 | Report Abuse

Thanks a lot ya kc n frank,i learned a lot of things today=)

Posted by KC Loh > 2012-08-18 01:09 | Report Abuse

my argument now for new investors getting excited over this announcement by TA is, if Borsig, with such good returns leading to the current surge in the market, is still not enough to cover their debts that rights issue had to be called, will it be tenable if they face a downturn in Europe?

very tight rope KNM is walking here with debt management.

Darn, this yungshen1 really got me into a lot of research time wasted in this potentially rewarding or self destructive KNM. what made me come back here again and again is their value of 68 sens then and so many loyal aficionados. and hence many research have to be done! From where i stand now, this stock will be numb for the next three years, and investors better take profit if/when it gets to 90-sens or above if/when announcement is made!

Posted by Ching Yin Carrot Loh > 2012-08-18 01:27 | Report Abuse

Tell u honestly,i bought at 0.75,now just hope it will up although a little ad enough,haha
Ur opinion,when it will grow to 90 cent? Thanks.

Posted by KC Loh > 2012-08-18 01:42 | Report Abuse

its anybody's guess at this moment! you have to stay tune for announcement!

Posted by franksoweto > 2012-08-18 01:45 | Report Abuse

Ching thanks for the kind words but PLEASE dun learn from me - The right person is KCLOH. For me I believe there's still some upside as to contracts wins,better margins etc. when announcement of closing of Peterpan is made it will surged past .90! honestly I dun see many downside to the low price of .56. it will still have to prove itself on the sustainable margins and earnings in the next few quarters. Borsig has been contributing well to KNM despite the slowdown and part of the reason for the debt is that it was the purchased of borsig. The gearing/debt part like KC mentioned is worriesome but if the margins and profits are on the mend I dun see much problem. they're also addressing this from the right issues as it will pay part of the loans from it.
Haha yungsheng1 should buy KC makan from his profits as KC spent a lot of time researching this stock that he does not even own:)

Posted by KC Loh > 2012-08-18 01:48 | Report Abuse

that is so darn right.... i am hungry now!

we all can learn from each other something, except the kinky part from Frank!

Posted by franksoweto > 2012-08-18 01:58 | Report Abuse

kinky part :) I must get yungsheng1 contact no and send some pizza delivered to you :) he is probably celebrating with his knm friend in the tai thong restaurant private room calling plates of abalone and bowls of sharkfins soups!

Posted by KC Loh > 2012-08-18 02:00 | Report Abuse

dont think so, with his 1.50 overhung! to think he bought .57 just before the spike, one lucky guy!

p.s. stop hiding your playboy and penthouse magazines underneath the bag compartments!

Posted by franksoweto > 2012-08-18 02:11 | Report Abuse

aiya Kc that's so old lah penthouse and playboy ( funny actually I did that when I was younger! remember bought it and got confiscated by the kastam was mad as hell as I thought I did a good job hiding it )- I still have some magazines back in PJ - now here we watch thru computerlah hehe!
yungsheng has been promoting this stock for a long time - he friend finally came thru at .57. but you have to ask him how long will he keep cause his target price changes all the time :)

Posted by KC Loh > 2012-08-18 02:21 | Report Abuse

the ruse was just to get you to admit you were/are kinky! You must have made the queue longer and stuck back then with all the horny customs guy taking turns in the WC thereafter! bet that was why they had to upgrade subang airport!

yungshen1's friend? you mean general Lee?

Posted by franksoweto > 2012-08-18 02:51 | Report Abuse

hehe you got me!just can't help it cause it was true:) and they said they were going to give me back after they were done with it!bet you after they went thru habuk pun tada! actually it was quite embarassing! ah those were the days:)wish the damn airport was still at subang!
no yung sheng1 friend worked at knm - he did not mentioned who or what position ( could be a big timer - though I doubt it or some fella welding the process equipments?) - he did mentioned some projects on the way and something in sabah - the only one I know of in sabah is the collaboration with Zecon and it already expired just a few days ago - hopefully not another one of lee's stunt. Lee is famous for pulling stunts and picking heaven figures. he was so busy buying out his own company at one point that he totally lost focus on what knm should be doing.
Anyway, what got my attention was Yung sheng claiming that the stock will go to 2.50 a few months back - maybe it still might but will need a lot of positive happenings and I mean a lot like really really A LOT. but then Like you said never underestimate mr market - it can do the unthinkable and come back and bite you really hard. for me lesson learnt :) see I'm trying to be on the safe side. when you're in a bull market anything can happen. the stock is at a all time low of .18s as of now before they convert back to 4:1 and most of the major holders already cashed out and just need some fuel and fire and will be up up in the sky

Posted by KC Loh > 2012-08-18 03:08 | Report Abuse

yeah. i read ya! why i just wont go in this stock is the gestation period! but then, reading from some of the supporters, they just might! Golden pot at the end of the rainbow maybe?

and anyone reading into frank being kinky, i didnt mean it! just pulling his legs. but he went on a full confession only for reasons known best to himself and I ain't no priest! :)

Posted by franksoweto > 2012-08-18 03:26 | Report Abuse

yep knm got many loyal followers - becareful of what you post if you don't want to be shot! it was a high flying stock with spectacular growth back in the days. Some are still holding at above 5. only time will tell if it ever will go up that high again but I'm certainly not betting against it especially in Bolihland. Macam macam pun bolih. that's is why I'm very proud of myself when people ask where I'm from and when I answered malaysia the one that knows always have a sly smile on their face because our politicians especially the ruling ones always managed up their stupidity level constantly! From Apanama to tak da nama - never fail to make me laugh!
hehe you're no priest but you got the bowling ball and the helmet! next time stop exposing me unless you want the truth:)

Posted by Ching Yin Carrot Loh > 2012-08-18 09:47 | Report Abuse

Haha,kc n frank,send me urs address,i delivery kfc to u all,better=)

Posted by Ching Yin Carrot Loh > 2012-08-18 09:52 | Report Abuse

Between, i must use my M 17 to 'M' betul betul this counter,ahahaha,thanks ya,xD

Posted by franksoweto > 2012-08-18 10:30 | Report Abuse

hehe ching that's very kind of you :)just send it to KC for all his hard work and he certainly deserve it :)Actually yungsheng is the one who should buy since he is already making :) your turn will be when it hit 1.00! hope you can make this counter betul betul- .75 is not bad of a price entry - might need to keep for a little while till they get more clarity of petersborough soon.wish you all the best and hopefully will fly soon.

Posted by yungshen1 > 2012-08-18 11:09 | Report Abuse

i should tell the KC LOH AND Franksoweto buy knm share when price drop to 0.570.if they really buy it now they already earn money.anywhere good luck to knm share holder.

Posted by yungshen1 > 2012-08-18 11:10 | Report Abuse

in the tai thong restaurant private room calling plates of abalone and bowls of sharkfins soups! i like yr this word franksoweto

Posted by franksoweto > 2012-08-18 11:18 | Report Abuse

hehe Yungsheng1 I like the PLATES! many many plates :) Hopefully more to come for you and the rest of knm holder very soon when the UK project take off. dun forget KC:) he has been 'supporting' you with all his details analysis while I'm just sembang sembang rattling rubbish comment due to my heineken influence! Have a safe holiday!

Posted by yungshen1 > 2012-08-18 11:31 | Report Abuse

what do u think the knm share next run. going up or going down next few month soon.franksoweto

Posted by Ching Yin Carrot Loh > 2012-08-18 11:31 | Report Abuse

Muahahaha,actually i really respect with who sincerely to guide people. Frank, if really hit to rm 1,i will fly to the sky i think,hahaha

Posted by franksoweto > 2012-08-18 12:02 | Report Abuse

Yungsheng1 - Hard to say because like KC mentioned the surge is because of the good results which is right. Also knm has been oversold so a big surge on thu is about time especialy when you have decent earnings. Very important is Petersborough because it's more than 50% of the order book with decent margins. I believe if the project takes off assuming knm does not have a big stake in it, the price will easily surpass 1.00 when you see the earnings coming in. Also knm still have a huge tenderbook and so far did not clinch any projects yet and assuming a success rate of 20% you'll see the numbers. Legacy contracts are almost done which is always a good thing as it drags the margins. all in all I see good things ahead if all goes according to plan but at this time it's fair valued to me only now because everything is still uncertain except the results earnings which is good partly because of the higher margins,tax incentive from borsig that you have to give considerations as it expire end this year. we hope for the best and let the management do the rest! I dun know whether the price will go up and down - only General Lee can tell you that :) good luck to you and the rest. be safe always and I like to quote KC - give yourself plenty of margins due to the uncertainties.

Posted by franksoweto > 2012-08-18 12:03 | Report Abuse

ching yin- wah you must have bought a lot :) hope you fly to the sky in an airplane otherwise you must be superman :)

Posted by KC Loh > 2012-08-18 12:17 | Report Abuse

Thanks for your kindness both yungshen1 and carrot Loh,

For the thoughtfulness to ask me in at .57 from yungshen1 and the kfc offer from carrot.

This stock I am doing research for the fun of it because I always like underdog stock (witness my buying of scomi, scomien, protasco) that is trying to get back on its feet. Its all about calculated risk which I hope can make for certainty. KNM may climb above RM1 if news of peterborough is in, due to general public buying pattern and many enamored with this stock. It will not be my choice looking at the questions I pose previously. Risk far outweigh returns for me. But don't let me stop you guys for marching towards the end of the rainbow :). Rest assured I will be here to cheer you guys on, if thats what you are going for it! All the best!

Posted by KC Loh > 2012-08-18 12:19 | Report Abuse

And frank, good morning to you too. Come back quickly (minus the naughty magazines) , bull is around the bend!

Posted by franksoweto > 2012-08-18 12:22 | Report Abuse

me too:) I'm with KC here and he always said it very well because he dun drink heine! I 'll be the #2 cheerleader and KC the No 1. hopefully one day we can book not only the private room of thai thong but the whole restaurant for one night serving only abalone and sharks fin soups for all knm holders here but you'all have to buy lah o.k :)

Posted by franksoweto > 2012-08-18 12:23 | Report Abuse

good morning KC! I left a note for you on Nextnation thread :) no mre mags lah hehe!

Posted by Ching Yin Carrot Loh > 2012-08-18 13:47 | Report Abuse

U r too welcome kc=)
Frank, can i be a Superwoman? Im not a guy,hahaha.But i won't but a lot in this counter la...=)and thanks for ur wish ya,hahaha

Posted by yungshen1 > 2012-08-18 15:04 | Report Abuse

KC LOH AND FRANKSOWETO listen to me .buy knm share now 0.715 .when reach to 1.000 then u sell it. at least earn little money.

Posted by KC Loh > 2012-08-18 15:14 | Report Abuse

Thank you, but i am already in other counters already, and they are doing very well too there! Money is all tied up! I am looking at exit stage, not buying now because of high valuation in most counters already. Just hanging around only for the bull to come in, if it wants to!

Posted by yungshen1 > 2012-08-18 15:20 | Report Abuse

what counter u bought ady. let share yr experience to yr counter

Posted by KC Loh > 2012-08-18 15:28 | Report Abuse

please look at pacmas thread. its all stated there!

Posted by franksoweto > 2012-08-18 21:27 | Report Abuse

opps ching yin solly solly the carrot one confuse me lah:0 O.K superwoman fly up to the sky.hehe

Posted by Ching Yin Carrot Loh > 2012-08-19 12:47 | Report Abuse

Y girl cant put carrot as name?hahaha,is ok nvr mind,treat me as a guy better. =)

Posted by KC Loh > 2012-08-19 12:55 | Report Abuse

Because then you treating all the guys like mules braying at you! :)

Can't you see frank getting excited already? Luckily for you we share same surname, if not I would not protect my common ancestral or kampung name sister!

Posted by Ching Yin Carrot Loh > 2012-08-19 13:31 | Report Abuse

Haha,kc thanks first ya=)
All the guy around me treat me like a boy lol
I can be ur daughter ad,ur age same with my mum=)mummy

Posted by KC Loh > 2012-08-19 13:34 | Report Abuse

sure, girl-girl! :)