KNM is a typical company with a flamboyant talking head who always appear in the media, telling investors the big growth plans he always have for the company, foraying and making its foot prints all over the world with big acquisitions, the hundreds of millions contracts it is going to get, and how undervalue are its stocks, that he would privatise the company because of the gross undervaluation, and all the deceits and spinning. Even EPF and institutional investors were drawn to the stories and many of them have invested in it. Operation wise, KNM has been losing money almost every year in his operations. Cash ran out and many cash calls were made. Debts balloon sky high. KNM’s share price dropped from its peak of about RM10.00 to just 48.5 sen now. Yet many punters are still hoping that the insiders will fry (push up) the shares for them to make money, and even analysts and investment bankers are writing reports with hope that it will turnaround with the new projects it had secured, not realizing that most of their projects were won with little or none margin. Recently, some professional analysts and investment bankers are writing and recommending to buy KNM again. But has anything major changed?
Name SharesBought % TotalShares Held % Chg fromPrior Port % TotalAssets Date ofPortfolio Polunin Developing Countries 1 1,962,600 0.13 New 0.25 12/31/2014 GMO Resources III 1,232,500 0.10 309.28 0.13 05/31/2015 SSgA Global All Cap Equity Ex-U.S. Index Non-Lending Series Fund Class A 1,139,849 0.08 New 0 06/30/2014 Vanguard FTSE All-Wld ex-US SmCp Idx I 807,400 0.16 43.59 0.01 07/31/2015 BlackRock MSCI ACWI ex-U.S. IMI Index Non-Lendable F 179,052 0.06 24.32 0 06/30/2015 Vanguard Total World Stock ETF 99,400 0.03 23.53 0 07/31/2015 BlackRock MSCI ACWI ex-U.S. IMI Index T 61,480 0.02 27.32 0 06/30/2015 Old Westbury Small & Mid Cap 51,680 0.02 20.00 0 04/30/2015 BNY Mellon ACWI ex-U.S. IMI Fund 24,775 0 New 0 06/30/2015 BlackRock MSCI ACWI IMI Index Non-Lendable F 6,631 0 23.35 0 06/30/2015 DFA World ex US Targeted Val Instl 5,769 0.01 4.00 0.01 06/30/2015 DFA World ex US Value Port I 3,318 0 5.18 0.01 07/31/2015
Institutions CIMB-Principal Islamic Asset Mgt Sdn Bhd 12,281,340 2.31 54.28 1.12 05/31/2015 RHB Asset Management Sdn Bhd 9,278,600 0.64 New 2.86 03/31/2015 Hong Leong Asset Mngt Bhd 3,140,000 0.22 New 2.65 08/31/2014 Affin Hwang Asset Management Berhad 2,368,600 0.91 22.52 1.97 12/31/2014 Polunin Capital Partners Ltd 1,962,600 0.44 36.75 0.50 08/31/2015 Samsung Asset Management Co, Ltd. 1,959,500 0.12 New 0.67 06/30/2015 Grantham, Mayo, Van Otterloo & Co., LLC 1,232,500 0.10 309.28 0.13 05/31/2015 UOB Asset Management (Malaysia) Berhad 1,180,000 0.07 New 2.65 03/31/2015 State Street Global Advisors 1,140,149 0.10 307.57 0 07/31/2015 Vanguard Group, Inc. 906,800 0.93 6.40 0 07/31/2015 OSK-UOB Investment Management Berhad 800,000 0.05 New 1.26 12/31/2014 UOB Asset Management Ltd 633,600 0.04 New 2.09 04/30/2015 Franklin Advisers, Inc. 320,300 0.02 New 0.95 06/30/2015 BlackRock 247,163 0.08 24.97 0 06/30/2015 Amanah Saham Kedah Berhad 238,300 0.08 23.21 0.95 03/31/2015 Allianz Global Investors U.S. LLC – San Diego 165,000 0.01 New 0.12 07/31/2014 Legal and General 72,146 0.03 17.63 0.01 12/31/2014 Bessemer Investment Management LLC 51,680 0.02 20.00 0 04/30/2015 Mellon Capital Management Corporation 24,775 0 New 0 06/30/2015 DFA Australia Limited 698 0.02 0.17 0.01 07/31/2015
@Joeylee, I knew it was lagging few months. It is still better than nothing. At least, I know this, KNM, the Funds or Institutions who bought, sold, or hold their shares.
I am still holding and continuing reducing the average cost.
@Joeylee, I never "HOPE" on any share counter I invested. I am more on collecting shares. Huh! How? Sell, 90% or less and 10+% remain, and get back the principal invested with profit.
I am a share collectors and after collected it, I don't care whether it is up or down.
The above is my style of investing. Have a good day to you.
S&P 500 filling up the 1827 space this week. Next week towards 17xx. Crude oil u see carefully is wave 4 developed on current rise. Not wave 2. Wave 5 is at 22.00.
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....
Drago Tian
564 posts
Posted by Drago Tian > 2015-09-23 16:37 | Report Abuse
Oh man oh man oh my god