rr88 Hoi bojed! This is big monkeys game lar. You cannot read their intent ahead of time. Now you know they were still going long on weakness today n they now know small monkeys no more strong at 0.31. If they dont try they dont know. Now that they know of the problem, get out of their way bcause they will press it down until you vomit blood. 02/07/2019 6:06 PM
Can you update us on how KNM’s transformation into a renewable energy major is progressing?
We are making good progress in this space, with the first phase of our bio-ethanol plant in Thailand coming onstream in the fourth quarter of this year. The first phase of this project, which comes with a daily capacity of 200,000 litres, will contribute to about 15%-20% of our bottom line for the financial year ending Dec 31, 2017.
By mid-2018, the second phase of our bio-ethanol plant, which has a similar capacity of 200,000 litres per day, will come onstream.
We also have a waste-to-energy project in Peterborough, the UK, which will see the first phase involving a capacity of 18MW starting commercial operations by the first quarter of 2018. For the Peterborough project, we have planning approval for up to an 80MW capacity. So, we have 80% more to develop in the future. We will do this in phases, with the aim of achieving the maximum capacity within five years.
We are moving very actively in this.
But over and above that, the opportunities for us to get contracts in the waste-to-energy segment are also strengthening. Locally, we have already secured two of such projects in Negri Sembilan. So, you can see we are becoming more and more of a renewable energy player – both on the contracting side as well as the developer-operator side.
What drove you to undertake such transformation?
The whole idea is to develop a business model to generate a recurring income stream for the company so that it will be more resilient and less susceptible to cyclical factors.
It is a sad and happy situation, sad because KNM share price is so low, I can't show off to my friends. Happy because I can buy more at lower price.
I have been refraning myself from posting. honestly I have been quietly buying many KNM shares for the past few days, I could have continued to keep quiet because I wanted to buy more. After thinking for a while, I decided not to be too selfish, just share my thoughts again..
This round of drop mainly because they reported a loss in their financial result. People look at surface and once they see red, they dump. Buy Low, Sell Lower. As I said earlier in my older post, buy with your spare money and keep. So fast already panic, How to make money ?
People hardly look into the details of what is causing that result. Losses are mainly plant depreciation and forex loss, KNM could bave easily reported this quarter as a profit if they wanted to, I was surpseid that they decided to make and report it a loss.
There are not degration in their business. Bio-ethanol in Thailand is a proven project, it is still producing positive results, once expansion is done, it will be doubled. Soon will be joined by the peterborough Waste to Energy money stream. When that happens, profits will be too big for them to hide.
Yes you can all laugh at Waste to Energy thing for now, once KNM lands one of those project, you can can cry for not buying KNM at this kind of price.
Insider: Be patient guys, big fish buying big, the latest white knight is permodalan nasional - confirmed sudah masuk. Something super super huge coming for KNM, this stock will fly sky high. RM 3 is not wishful thinking, I'm starting to believe it is coming. Just buy and hold, targeting to hit 0.40 in the next couple of days.
Market cap below 1B can easily handle by local fund, foreign fund get attention when the share price above RM1. But if foreign fund know KNM own Borsig, they may joint in earlier especially when company show profit for consercutive few quater. Be patient
Dear all sifu, Today, Bursa has stopped investors from short selling KNM shares. May I know what will be the impact on the stock price? Wish sifu Sardin81 & sifu Masterkevin can share your knowledge with us. Keen to learn...tq
Short selling KNM shares has been stopped by Bursa. Like that just buy buy buy only lar, then hugh buying power definitely will spike up the share price ! Sky is the limit, break RM1.00 will be very soon,i think will break above RM1.00 before Sept 2019 ! Huat ah ! Heng ah ! Ong ah !
Expect for corporate excercise news on Knm. I believe well-informed ppl are buying. Hold n expect more high. Sardin is right target price RM 1 is achiveble soon. Hold
I keyed in the Sinchew report into Google translate and this is what I got:
“Hot-selling frequent flyers (KNM, 7164, Main Board Energy Group) have been hot for three consecutive trading days. Today, their short-selling activities have stopped because of the skyrocketing volume.”
It doesn’t say that KLSE have banned short selling on this counter.
I monitor KNM since 2017 when I heard them going for recurring income. Recurring income got my interest that time not Borsig. Ethanol and Waste to Energy really big potential. They diversify to recurring income is the smartest move so far. With current pickup in oil n gas, both short term and long term seems very good. Short term support provided by Borsig while long term provided by recurring income......
Yes I am aware.......but initially I did not know of Borsig but to be able to do WTE and Ethanol plant there must be some really experience entity in the field otherwise it wont be possible. Now will be a good time to keep collecting...
From the same insider, I was told the same group of players who are pushing KNM to receive new projects from the gov are gearing up for Friday.
But don't get your hopes up that much because many short sellers are looking to dispose for today and tomorrow, so it is likely the price might only be +10 sen this Friday.
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....
bojed
5,064 posts
Posted by bojed > 2019-07-02 19:36 | Report Abuse
rr88 Hoi bojed! This is big monkeys game lar. You cannot read their intent ahead of time. Now you know they were still going long on weakness today n they now know small monkeys no more strong at 0.31. If they dont try they dont know. Now that they know of the problem, get out of their way bcause they will press it down until you vomit blood.
02/07/2019 6:06 PM
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I bought KNM at 10 sen.
Please tell me again how much have I made so far rr88?
Seems like you're still fuming for selling Greatech 35 sens too early ;)