Posted by thx2012 > 2015-02-16 15:31 | Report Abuse

BUT MAYBANK REASEARCH SAID WILL REACH 1 DOLLAR. WHY WHY WHY

Posted by Bruce_Lee > 2015-02-16 15:32 | Report Abuse

KNM going down before everyone exit. sell it off. sold mine

Posted by skyjuice2 > 2015-02-16 15:37 | Report Abuse

Yes. KNM will reach 1.00. But it maybe end of this year or next year or another year. It all depends after RI. If analyst are all true, everyone should be millionaire by now.

Posted by thx2012 > 2015-02-16 15:51 | Report Abuse

wow, you said = not said...

i also can said KNM can reach 2 dollar, may 100 year after.... lol

Posted by Amin Nazrin > 2015-02-16 15:57 | Report Abuse

sold!

Posted by thx2012 > 2015-02-16 18:11 | Report Abuse

Buy Buy Buy

Posted by maxlim > 2015-02-16 19:15 | Report Abuse

People keep promoting because they want to sell their share what just like shopping center promoting their product to push their sales

Posted by JN88 > 2015-02-16 19:28 | Report Abuse

What happen if oil up to USD200 ??? do you think those business man will so happy sell their product at USD50? I believe one day they will make a balance ...short game or long game you decide....

Posted by musashi69 > 2015-02-16 22:02 | Report Abuse

Tmrw break o.735 - Brent 61 USD

Posted by musashi69 > 2015-02-16 22:35 | Report Abuse

u sell to me la..i ll buy ..wakakaka

Posted by cepat kaya > 2015-02-17 01:02 | Report Abuse

Slow and steady.. long distance run..

Posted by Drago Tian > 2015-02-17 03:01 | Report Abuse

People goreng krono pula

Posted by notcare > 2015-02-17 07:19 | Report Abuse

today 0.80 easily

Posted by gymkhana > 2015-02-17 07:20 | Report Abuse

Dow Jones | 18,019.35 | +46.97 | 0.26%

Posted by adrian0229 > 2015-02-17 08:59 | Report Abuse

c'mon la..0.8? even 0.75 also difficult

Posted by pilato > 2015-02-17 09:18 | Report Abuse

Today very slow to move

Posted by pilato > 2015-02-17 09:22 | Report Abuse

Moving down, feeling sad

Posted by stevetan > 2015-02-17 09:22 | Report Abuse

normally if announce RI it will up or down ah?

Posted by DJLUK > 2015-02-17 09:25 | Report Abuse

crazy people, why to sell when price is down?

Posted by notcare > 2015-02-17 10:07 | Report Abuse

selling low to cut lost and buy high to show wealthy.. LOL!!!!!!

Posted by RAYdiant > 2015-02-17 11:24 | Report Abuse

Cash out for CNY? .. after lunch will rebound hopefully..

Posted by dreadnout > 2015-02-17 12:42 | Report Abuse

a lot of ppl cash out for CNY lol

Posted by adrian0229 > 2015-02-17 14:28 | Report Abuse

http://www.theedgemarkets.com/my/article/knm-fixes-rights-share-price-50-sen-warrant-exercise-price-rm1

Posted by cipapo > 2015-02-17 14:29 | Report Abuse

50 cents stocks la KNM

Posted by maxlim > 2015-02-17 14:48 | Report Abuse

when every a company raise right issue mean they are run out of money...with right issue borrow the money from you no need to pay interest which is cheaper then borrow money from bank.

Posted by maxlim > 2015-02-17 14:48 | Report Abuse

so what do you think ?

Posted by NKS > 2015-02-17 15:23 | Report Abuse

does that mean existing share holders of knm can buy more shares at the price of 0.50 cents?

Posted by gymkhana > 2015-02-17 15:32 | Report Abuse

KNM has proposed the cash call to reduce debt and finance working capital needs.

The rights issue comes with 215.25 million new free detachable warrants. One warrant will be given to shareholders for every two rights shares subscribed.

The warrants have an exercise price of RM1.

Posted by runnerman > 2015-02-17 16:10 | Report Abuse

20 discount...price will up

Posted by NKS > 2015-02-17 16:17 | Report Abuse

Please correct me if I am wrong, currently I have 10,000 KNM shares. So with this new right issue:

1) I should be able to buy another 2000 shares at the price of 0.50 which can bring down the average price of the KNM shares i hold.
2) I will be entitled for free 1000 warrants which can be sell at RM1 each.

Am I right sifus? Please enlighten me.

Posted by skyjuice2 > 2015-02-17 16:19 | Report Abuse

The price will be hovering around 0.65 to 0.72. Same like ioipg and tdm

Posted by skyjuice2 > 2015-02-17 16:20 | Report Abuse

Those who bought, good luck. have to wait at least another 2 years before price begin to uptrend again. lol

Posted by roadtax3 > 2015-02-17 16:47 | Report Abuse

0.50 sen right subcription price with free warrant sound attractive. anyone can share some analysis whether worth to take this up or not? Let's say holding this counter for 3 months, 1/2 years or 1 year period?

Posted by agni23 > 2015-02-17 16:50 | Report Abuse

The ghost finally unleashed.

This is what I have been telling you guys not to chase this stock, otherwise all of us will be diluted OR need to pump in more money to fund this supposed to be a "grown up" company. Literally, your grown up kid after all is a small baby, still need mummy's milk to pay salary and bankers !

Outrageous!! This KNM has the cheek to come to shareholders to suck our retirement fund and yet every year they show profit. I remember some years back, they made announcement to come out with a huge dividend payout policy. They had been making profit this year and last year, where is the DIVIDEND ???? Either your profit is all FAKE (or cooked up numbers) or KNM did not adhere to its own policy. Securities Commission or BURSA should investigate this company, otherwise KNM is making a mockery of the system and cheating its own shareholders.

Since you guys like the Rights so much, deep into your pocket and take out more money for this KNM ... they will be mercilessly sucking your money !

Posted by georgelimson888 > 2015-02-17 17:15 | Report Abuse

with 50 cent right subscription. One should take up the rights. The dilution will not be as significant as the savings in place.

Reasons:
1. Rights are 1 for 5. Thus, the dilution is only 16.67% (1 divided by 6)
2. Warrants have an exercise price of RM1, thus reducing the chances of immediate dilution as no logical person will exercise the warrants
3. Interest savings will save KNM's bottom line of RM10mil per annum (Which represents profit after tax of RM10mil per annum). This increase is roughly 23%.
4. Reduction in liability portion and increase in equity portion (Thus increasing the Net assets of the company. However, there will be additional shares issued (1 for 5). As such, the net increase in net assets per share would be 6% (23% minus 16.67%).
5. Additional cash for financing new RAPID project (Bonus point)

As such, even without additional RAPID project, this rights issue should be subscribed.

Anyway, analysts will come out with reports tomorrow which will mirror what I have mentioned.

Posted by agni23 > 2015-02-17 17:19 | Report Abuse

See ...

Ah ... this is called licensed to suck ... !

Posted by agni23 > 2015-02-17 17:35 | Report Abuse

Sucker,

Tonight I am going to sleep with RM1, and tomorrow my RM1 can only buy 84sen of goods, that is acceptable to you ? Certainly will not be fine with me. I have my channel for charity but certainly I am not doing it for KNM.

Warrants as a sweetener is always there and I can tell you the major shareholders will sapu all, as what he did in the last Rights in 2012, left nothing for minority shareholders (he will use the option to subscribe for excess shares to sapu the cheap warrants). YOU WILL SEE THAT THIS ROUND

Interest saving is just a gimmick ! they probably been chased to the bones by the bankers for loan repayment otherwise they may go PN17.

Improving gearing ratio did not make the company sexier ! unless the company is in dire strait to show to bankers / auditor that they are still solvent.

RAPID is long gone. I didnt see they secure any big packages. Probably some bones now left for them for the peripheral equipments

I am sure no analysts will write this because they are all licensed to suck the innocent shareholders.

Not everyone has a license to suck, but certainly you have it !

Posted by 39888 > 2015-02-17 17:38 | Report Abuse

Not all right issues are bad esp it is for new business plan or projects. It's new business plan is into renewable energy. Banks used to issue rights including Public Bank for its operation requirements. Are we saying these company are badly managed? For those companies which issued rights due to depleting capital is different case. Anyhow, it is up to individual investors whether you are convinced with its business plan and the potential of the company.

Posted by SLIM25 > 2015-02-17 17:38 | Report Abuse

agni23, you obviously don't understand the concept of this whole thing... thanks for sharing your thoughts though... not to worry, there are many other shares out there for you to choose, so keep away from KNM and good luck in your other investments :)

Posted by skyjuice2 > 2015-02-17 17:51 | Report Abuse

One thing for sure is each time KNM doing their tight issue for the purpose debt settlement. Not for funding project. You can assure that 2 years from now when the price start to move they will do the right issue again..lol

Posted by georgelimson888 > 2015-02-17 17:57 | Report Abuse

Why are u so worried about the rights? If you are carry so much angst, why don't u sell off all your KNM holdings? May be you will feel better after selling

Posted by georgelimson888 > 2015-02-17 18:04 | Report Abuse

What do u mean "license to suck"? You yourself is a shareholder of KNM, and you carry so much anger in KNM, if you are unpleased, why don't u sell off all your holdings? Well, I very much hold KNM at a low price of 45 cent, so if that means "license to suck", then fair enough.

But you can't blame others for buying KNM at a high price and saying it suck, if it is worth 70cent, then you simply don't buy it at RM1, if you buy it at RM1, then it is your fault, there are many people who are making tons of money while you watch and sulk on your f**ked up attitude.

Posted by aiman2010 > 2015-02-17 18:05 | Report Abuse

Todays news is out...wait or sell?

Posted by SLIM25 > 2015-02-17 18:06 | Report Abuse

With free warrants, I would wait :)

Posted by georgelimson888 > 2015-02-17 18:13 | Report Abuse

agni23 is really a dumbass. I just realise he wrote RM1 worth RM0.80 after dilution. Public bank issued so many rights issues in the past. RM1 in 197x is worth RM1million in 200x.

If you hate KNM, please go set a fire at their premise, then their stock price will surely fall. Otherwise, you are nothing more than a hopeless sulker.

Posted by agni23 > 2015-02-17 20:19 | Report Abuse

The Rights Issue is underwritten by Investment Bank. So with or without minority shareholders like us subscribing to it makes no different. KNM will get the money at the end of the day as the underwriting banks will subscribe all non-taken up portion. As a shareholder, there is no reason to ask another shareholder to subscribe.

Very obvious now that whichever Investment Banks that have participated in the underwriting process has swallowed poison and wanted it to be shared out. These corrupt bankers not just lazy but also didn't do their homework. Now KNM is damned sure the Rights will go ahead, but the bankers are now shitting in their pants.

It does not take a brilliant guy to figure out which bankers swallowed most poison, just see tomorrow which research house parroting or "mirror" the word by word of the licensed sucker whom has the entire network for weapon of mass deception.

We will see..... !

Posted by georgelimson888 > 2015-02-17 20:30 | Report Abuse

I still do not understand your grudge against KNM. Did it make you lose substantial amount of money?

Posted by georgelimson888 > 2015-02-17 20:32 | Report Abuse

I shall see you at 85 cent, at a point where your ego will fall down the drain.

Posted by Analyst8 > 2015-02-17 20:38 | Report Abuse

skyjuice2, I do not know your ulterior motive but please get you facts right before writing the comments. The purpose of the proceeds is spelled out in the annoucement and the utilization will be monitored by Securities Commission. SC roles among others is to protect the investors.

Do you think the Investment Bank is foolish & SC has overlooked to approve the right issues?

Posted by agni23 > 2015-02-17 20:53 | Report Abuse

My ego down the drain the day KNM plunged from a market cap of RM8bil to today slightly more than RM1bil despite 2 cash call for Rights in 2008 for more than a RM1bil and another Rights in 2012 for RM200m. So this company is in deficit market capitalization despite numerous cash calls.

Don't tell me 85sen or 90sen targets, I am not newbies. If you have the gun and the gun powder why not RM1.85 or RM2.85. Making baseless statement and completely non-sense!