For a simple illustration of such "warped mind" . KNM a traditionally "fierce UP-UP and Fierce Goreng and Fierce Shark" counter has been battered down to its knees from 0.82 to now 0.42---Why? Go check up the BMSB disclosure list since November of our EPF disposals.
Based on my chart projection, 5 days next Friday KNM shall loose another 0.10 to 0.32.....Impossible? Let wait till around next Friday....
Bilis who owned/bargain- hunted KNM shares but ignored EPF "slash and burn" list of BMSB Disclosure List has themselves to blame for the losses....
For a simple illustration of such "warped mind" . KNM a traditionally "fierce UP-UP and Fierce Goreng and Fierce Shark" counter has been battered down to its knees from 0.82 to now 0.42---Why? Go check up the BMSB (Change in Shareholdings) disclosure list since November of our EPF disposals.
Based on my chart projection, 5 days next Friday KNM shall loooooose another 0.10 to 0.32.....Impossible? Let wait till around next Friday....
Bilis who owned/bargain- hunted KNM shares but ignored EPF "slash and burn" list of BMSB Disclosure List has themselves to blame for the losses.... 12/12/2014 05:13
the management of KNM is to blame other than the industry ... they basically lack the sense of timing where they are asking shareholders to put in money at a time where people fear most the oil and gas industry ....
Not only EPF, "ghost" also run ...
Now they are leaving the skeleton in the cupboard as investor just do not what will happen to the Rights Issue at this time ... if the Rights got scrapped, will this company default their bank loan and goes under PN17 ??
Tonite US market open will see another 3% drop in oil price......and might trigger a massive sell off in Dow jones, then wat will happen to our market on Monday???
Heavily in debt....cannot pay up ...knm share continue dropping..2015 will be bad year for knm...heading towards PN17 unless Gen Lee does somethin extraordinary.Unfortunately too big for him to control.
Today, Maybank Investment Bank Bhd (Maybank IB) wrote in a note it reiterated its “buy” call on KNM shares with an unchanged target price of RM1.50.
“KNM, in our view, plans to use the majority of the proceeds for its (Petronas) RAPID and Peterborough waste-to-energy (WTE) projects. As these two projects will anchor KNM’s prospects over the next few years, we advocate shareholders to subscribe to the rights issue,” said Maybank IB.
Maybank IB further said that KNM’s fundamentals were intact, with more incoming projects besides the US$300 million (RM982.2 million) worth of contracts from RAPID
Maybank's report was totally brainless. Beside insulting our intellectual it is also completely CORRUPT!!! How can the analyst chose to believe that it is easy to secure financing in 2015 compared with 2013 or 2012? Interest rate is higher and credit is tighter but yet easier for KNM?? Joke of the year before the closing of 2014 haha.... Also, low oil price is going to kill all Renewable Energy business model, which stupid bankers will lend them money?
High gearing, loan for new project yet to be secure, possibility of RAPID project being shelved as oil price is way below USD60. No lead or direction in the market. My strategy is to take no possition. ie sell all stock & wait. sleep better at night
managed to grab KNM at 39.5 sen...now on the way up. high potential to get RAPID job due to change in RAPID management. my advice, accumulate now before it is too late.
This is a classic dead-cat bounce. The perfect calm before the storm. The big down trend remains intact and the EGM is just this Friday, certainly some freebies for investors, otherwise the Managers get eggs on their face. Anyone buying now thinking of a rally ahead, please think 10X and prepare some extra money $$ for the Rights Issue. You will be sucked in ALIVE!
"sifulohxxx After my recommending Armada, KNM and Sumatec.. I hire more assistants to pick up calls...too many congratulating me...calls non stop...banyak untung mah...hahahaha "
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....
vews08
494 posts
Posted by vews08 > 2014-12-12 00:24 | Report Abuse
Update. Until now, dj up 202 point