if you intend to keep funds for grandchildren then this stock is not the place you should invest in. keeping in FD is better then keeping it in penny stock..
Google wikipedia you will have dozens of penny stock definations. There is no generally accepted definition of a penny stock. Some consider it to be any stock that trades for pennies or those that trade for under $1, while others consider any stock not trading on the major market exchanges to be penny stock. While i also define KNM as penny stock because they did not gave out any dividends in the past 1 year.. SK petro might still be there when oil drops to 20 / barrel and they still gave dividends which can be compensated as interest from FD. But KNM might not be there when that happen for a long run and to entrust your grandchild fund onto something that might not last maybe that is just you, at least i will not. But that is totally up to you. KLSE 100 index component can be guaranteed to earn money every year? can be guaranteed to rise every year? if yes to your answer then you won't see KNM drops like flies from 1.xx ++ to now 0.40 more then 60% gone.
There is zero tendency for this stock to go up as there is zero concrete evidence for its revenue and profit to rise. EnergyPark Peterborough and Thailand’s renewable energy business currently need financing rather than start contributing to the group. RAPID projects are going through cost rebasing post oil price plunge.
There are too many white knights and turnaround promises stories come about in Malaysian publicly listed companies. Worse still, Lee had to appear as his own white knight for this stock. And he failed to create excitement after so many failed promises (Please go through what happened in the last 10 years for this stock). As mentioned earlier, it's never too late to invest in stocks. If Peterborough and Thailand project have recurring income as said, then wait till the first income kicks in. You don't have to buy and pay for the borrowing costs for these 2 years.
If you're a short term trader, by all means go trade as I've no idea how to. But you're a long term investor, or hoping to see your investment appreciate as time goes, please read into my comment.
0.40 near historical low, downside is risk limited. Have monitored this counter since 2009. O&G industry need long time to recover but KNM is actively involves in the PETRONAS RAPID project. It also diversifying into other areas like green energy. Mid term target 0.70, my humble view.
Give him some hope ma. kaki kong kaki song else its really suffering seeing the other stock rally but our dear KNM become like kanima always one night stand. Many heart broke put money in here but seeing low and lower and even lower months after months. Though some reality is hard to be swallow by others but if they wanted to have a wonderful dream then let them be lor. Reality is always hard to be swallow by many people.
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....
Angielim9955
2,049 posts
Posted by Angielim9955 > 2016-08-04 16:18 | Report Abuse
buy pos better