RENOUNCEABLE RIGHTS ISSUE OF UP TO 430,431,442 NEW ORDINARY SHARES OF RM0.50 EACH IN KNM GROUP BERHAD (“KNM”) (“KNM SHARE(S) OR “SHARE(S)”) (“RIGHTS SHARE(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 5 EXISTING KNM SHARES HELD AS AT 5.00P.M. ON 27 MARCH 2015 (“ENTITLEMENT DATE”) TOGETHER WITH UP TO 215,215,721 NEW FREE DETACHABLE WARRANTS (“WARRANT(S) B”) ON THE BASIS OF 1 WARRANT B FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, AT AN ISSUE PRICE OF RM0.50 PER RIGHTS SHARE (“RIGHTS ISSUE WITH WARRANTS”) what is this????
yingkang86:- it is also worth to note the RM0.67 is excluding the value in Peterborough and also contribution coming from renewable energy in Thailand. Not too sure why the analyst doesn't want to include those contribution. Therefore, I'm pretty confident this year hitting RM0.65 shouldn't be a problem.
if can go up after the rights issue......you make money from the original share, from the RI share and from the warrants......that's how it makes a difference.
Also what's interesting, it seems the most recent award from RAPID seem like KNM is doing Ho Hup favor to be part of RAPID. Look at the job scope, essentially most of it is Ho Hup's expertise and I don't see how KNM can contributes other than labors. Therefore, while it is a 50:50 JV, I'm pretty sure KNM profit margin from the project is higher than Ho Hup's. Secondly, don't be surprise of NEW and BIGGER VALUE project to be announced soon. I'm sure their aim is not RM58mil RAPID project. The recent price movement may reflect what's coming.
Happy Investing. If RM0.65 is breach, then RM1.00 is coming only if there is financial closure for Peterborough and visibility of earnings coming from Thailand.
llianceDBS Research said KNM Group Bhd was trading range bound and that KNM had on March 24 tested previous day’s low of 48 sen before closing unchanged at 48 sen.
In its evening edition yesterday, the research house said KNM continued to stay above the 20-day and 50-day moving average lines in the last 6 days.
. Invest KNM longer term.. Good passing remarks for KNM.."bright book order projects + one of the few oil companies making decent profit, while others making huge impairment losses..SKPETRO/UMWOG etc...",
Oil price recovery to accelerate as smaller producers slash output ...
Unit KNM Hantar 3 Tiang Besar Kepada Rapid KUALA LUMPUR, 28 Mac (Bernama) -- KNM Process Systems Sdn Bhd, anak syarikat milik penuh KNM Group Bhd, menghantar tiga tiang besar untuk dipasang di Kompleks Steam Kraker Pembangunan Bersepadu Penapis dan Petrokimia (RAPID) di Pengerang.
KNM dalam satu kenyataan hari ini berkata tiang besar itu juga merupakan kargo pertama tiba di Kemudahan Pemunggahan Bahan (MOLF) RAPID yang dibina oleh Petronas bagi pemunggahan kargo berat semasa tempoh pembinaan.
"Tiang besar ini, yang pertama seumpamanya tiba di tapak projek RAPID, juga menandakan bahawa projek itu kini beralih kepada fasa pembinaan tapak dan pembinaan peralatan," kata syarikat itu.
KNM berkata tiang itu, dengan diameter antara 4.5 meter hingga 5.5 meter, dengan kepanjangan 50 meter hingga 76 meter dan berat 110 tan hingga 212 tan, dipasang di kemudahan pasang siap syarikat itu di Taman Perindustrian Bukit Rambai, Melaka.
Kemudahan pasang siap lain syarikat itu di Malaysia juga ketika ini sedang memasang siap sejumlah besar peralatan proses utama bagi projek RAPID dengan jangkaan penghantaran pertama dalam tempoh 12 bulan akan datang.
"KNM juga dipertanggungjawabkan untuk mengeluar sejumlah 259 unit tiang, menara, reaktor dan vesel tekanan, 20 unit tangki simpanan dan 140 penukar haba dan pendingin udara bagi projek RAPID di beberapa kemudahan syarikat di Malaysia dan Itali," kata syarikat itu.
Projek RAPID yang terdiri daripada tapak bersepadu bertaraf dunia itu dijangka mengubah selatan Johor menjadi hab petrokimia baharu yang penting.
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....
snwong13
724 posts
Posted by snwong13 > 2016-03-25 06:01 | Report Abuse
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On 21-03-2016, EPF acquired 2,362,300 shares with shares (5.7200%) holding now..
Every researchers said "BUY"....
GOOD SIGNAL...