today is ultra super undervalue at 46sen and yet I AM NOT BUYING this con-counter ... for reasons
1. this counter is in the midst of raising Rights money; if I buy now, I have to fork more money if I do not want to be diluted; which investor want to give money to the O&G sector now ??
2. at this price which is below its par value at 50sen, the Rights Issue cannot be launched hence there is VERY HIGH RISK the company cannot pay their bankers; hence a likely candidate to go under PN17. Until now there is no signal from the company whether the Rights will be launched or delay. NO TRANSPARENCY AT ALL !
3. the major shareholder already pokai ! if he has the monies he will sapu all the Rights Issue Shares and its Warrants. No need to come here to manipulate and cheat on the petty investors like us ...
annmix, you can buy in around 43cent, this price look pretty good and reasonable, this depend on how long do you wanna keep and what is your target price for it. Usually, oil counters, including this KNM, it won't be a uptrend, but a technical rebound only. Therefore, if you think you can make 10-15% within short period, it will be good to buy in and out. But if expecting like a long up lead, like last time from 40 cent to RM1.1, it got to wait for a while, until end of this year or early next year. why not, focus mainly on Airasia, for a while, at least half year, and then come back this counter.
Ya. DEhouse I know buying oil n gas counter now need to hold for a period of time.. I will disposed half if there is any chance of rebound, n half jus keep it..
I didnt buy back airasia.. instead bough AAX already n they are in gain mode now :)
hi everybody cut loss b4 it is too late...KNM has very high borrowings...Coming financial results will get hit by depressed oil price KNM might fall deeply into massive losses...So have u all ask urself HOW KNM is gonna handle its high borrowing when the profit doesn't flow in...Exercise more right issue OR fall into PN17??????? From the very beginning i ve seen the mess and troubles with KNM...Issuing more right issue will only dilute shareholdings further tat eventually will make KNM share worthless...IF oil continue to stay below 50 USD per barrel, it spells financial dismay ahead for KNM due to its high gearing...Warning!!!
Renewable energy is taking centrestage.Oil price dip is dampening it now ...but will pick up again.The glory days of O&G sector is coming to an end soon.Government sponsored one will survive ..KNM will vanish eventually.
"KNM breached the MYR0.445 level, as the latest candle engulfs the previous one – a possible bearish sign. Traders may expect further weakness if the stock stays below this level in the immediate term, with next supports anticipated at MYR0.395 and MYR0.355. The stock may trend sideways or rebound further if it inches back above the MYR0.445 level. A short-term bullish bias may kick in if it manages to breach the MYR0.525 level in the near future."
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....
telusterang
23 posts
Posted by telusterang > 2015-01-09 12:39 | Report Abuse
Bull Shit !
today is ultra super undervalue at 46sen and yet I AM NOT BUYING this con-counter ... for reasons
1. this counter is in the midst of raising Rights money; if I buy now, I have to fork more money if I do not want to be diluted; which investor want to give money to the O&G sector now ??
2. at this price which is below its par value at 50sen, the Rights Issue cannot be launched hence there is VERY HIGH RISK the company cannot pay their bankers; hence a likely candidate to go under PN17. Until now there is no signal from the company whether the Rights will be launched or delay. NO TRANSPARENCY AT ALL !
3. the major shareholder already pokai ! if he has the monies he will sapu all the Rights Issue Shares and its Warrants. No need to come here to manipulate and cheat on the petty investors like us ...