rocketing...rocketing...rocketing...rocketing...rocketing...rocketing... rocketing...rocketing...rocketing...rocketing...rocketing...rocketing... shot to moon...shot to moon...shot to moon...shot to moon...
yes KNM will regain glory to RM10 when you sell it .. ( 0.01c ) you get RM10.
who say will 10ringgit ? my dialog and other oil.counters all made profit only knm comfirm will.up then only keep asking people buy ? people if newbie trap they will be very sad . knm record good ?
Yup. A testiment that the company cash-flow is in trouble. Unable to finance projects or insufficient funds for working capital. Possibility price drop by 10%!
But I think the party won't have interest to do the pp if market value is only 0.25, it needs to be at least 10-20% above 0.25, so Monday KNM will b at least 0.28 and above
Also, the pp will help KNM save more than 2 million of interest payment per annum!
KUALA LUMPUR (Nov 10): KNM Group Bhd has proposed a private placement of up to 10% of its issued shares to independent investors to raise up to RM53.32 million, mainly to repay bank borrowings.
In a filing with Bursa Malaysia, KNM said the exercise involves the issuance of up to 213.28 million placement shares, at an issue price to be fixed.
The expected maximum sum raised is based on an indicative issue pric of 25 sen apiece, which is based on an approximate 7.27% discount to the volume weighted average market price (VWAMP) of KNM shares for the five market days up to Nov 9, 2017 of 26.96 sen.
Of the proceeds to be raised, it said RM40 million will be used to repay bank loans, while the remaining RM13.32 million will be used for working capital, the group said.
As at Nov 8, KNM had a total outstanding borrowing of about RM1.27 billion.
The proposed repayment will reduce KNM’s overall gearing level from 0.53 times to 0.50 times, and result in an expected annual interest savings of about RM2.3 million per year, assuming a weighted average effective interest rate of 5.8% per annum.
However, the group’s earnings per share (EPS) will be “proportionately diluted”, as a result of an increase in the number of shares after the exercise.
The proposed private placement is expected to be completed by the first quarter of 2018.
I think the announcement of better earning and interest saving is just a nice way to say, "Company in Cash-Flow crisis". Earnings will be diluted. NTA per share will be diluted. Majority share holder interest will be diluted. So as of now, this is not good news.
The good news will be who is the new major share-holder. Do they have the funds& capabilities to turn around the company? Than there could be a possible pick-up on the share price. Anyone with 'inside' info?
I will only buy when got good confirmed news, like I said in my earlier comment. Only buy when got confirmed news or the indicators showing a strong buy signal. Buy at a bit higher price is also on.
last time we pay 50sen for right issue . why keep asking money . no money please find yourself. I see hibiscus . daya armada dialog waseong feel so sad about knm. because last time knm prife very high more higher than hibiscus waseing armada now knm 26sen hibiscus near 80sen waseing 1 ringgit. what is going wrong why many people say knm is fundamental and solid and good for long term . now all trap from 50sen so please stop ask people buy unless you comfirm.knm will.limit up
If one company good,can make money,so why need fund rising?So many right issue!The ceo disposed his share,so u say this is good counter or Not!Better cut loss now!
hibiscus .armda. waseong last time price lower than knm . now all.up because oil prices limit up today I pump petrol already 2.31 fuck.oil too expensive . we have no money to pump petro . I wonder when oil up to 200us knm will still 26sen until 30sen by then waseong armada already 2ringgit maybe ?
They don't like negative news, they only like to heard good news. Hence there will always be people believing in golden boy. Then up 15% shout like no tomorrow when down its down by 30% and all koyak.
Richard see if you had invested in lion like i said already 40% up and more will come. Ok, you can say KNM got 10% from its lowest if you had managed to catch it. But lets see if that earning can be sustained most probably will go back to no earn soon.
3rd party investors so brave buy 10% private share, why don’t scare KNM go to hollan mer? Lagi buy in 0.25, look not more discount la!! So........ hahaaaa
It's time to accumulate more KNM... All the capitals from CHINA and US will flood into small cap companies which has been years in low low price level !
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....
riko
2,730 posts
Posted by riko > 2017-11-09 17:42 | Report Abuse
rocketing...rocketing...rocketing...rocketing...rocketing...rocketing...
rocketing...rocketing...rocketing...rocketing...rocketing...rocketing...
shot to moon...shot to moon...shot to moon...shot to moon...
yes KNM will regain glory to RM10 when you sell it .. ( 0.01c ) you get RM10.