As for me, I’m actually quite happy that I was able to collect more. If you are a long-term investor, your should focus should be on the end game. Till then..
To 50 with Loves...
Once that is broken.
To 60 with Loves...
Once that is broken.
To 70 with Loves...
Once that is broken.
To 80 with Loves...and so on until we reach RM 3.00
So, Let's break this wall one at a time, together..
Michael, unless you knew something we don't.......If not then be patient, few more days to learn the actual figures. If the "leak" is true that it's in the red, it's already factored in the drop over the last 5 days. The market had absorbed them all and shall rebound on Monday. I feel this is an S&D campaign...nothing else. Let's the truth prevails on 27th. Nov. Cheers
Mabel Mari kita menanam kelapa sawit Membawa hasil kepada negara Sambil kita menambah duit Wah sedap nya makan Lobsters seisi keluarga
Pergi ke bandar beli (KFC) Kay Ef Si Bahagian peha memang sedap sekali Mari kita bersatu menaikan KNM kita lagi Terkilan benar nak makan Aboloni ni 23/11/2019 9:45 PM
Mabel dah berpantun Apabila KNM sikit turun Janganlah salahkan Tun Sebab ada IDSS lanun
Nak capai sen lapan puluh Perlu usaha berpeluh peluh Siap sedia bertahan teguh Biar kasi IDSS makan telur
Last year knm suffer loss due to a huge impairment loss, depreciation of platlntation and unexpected loss from foreign currency. But this time, knm aldy cancel the huge impairment loss and it obtain a lot of projects in this year. In its euro business, it continue lowering the operating cost. Therefore, the only way for knm to loss is unexpected loss from foreign currency( Rm against Thb). However, last quarter they also suffer the same problem and knm also earn the profit. Thus, I believe this unexpected loss will only slightly affect knm's profitability.
However, if this quarter knm suffer loss, I will cut loss. I will suspend the ability of the company's management. Because there is no chance for knm make losses in this quarter
Weely and monthly point to very overbought.That y.Many month oversold with dramatic upturn from low.Some-more its do not supported by profit like Armada.
For me, it is not too dramatic. Price up because knm become profitable. Nobody want to buy a compamy that suffer loss. If knm become profitable then market will give it fair value. Its nta is 60 cents, once knm make profit, market will push it up to be close with 60 cent or even over 60 cent.
And if we look at director movement, they buy a lot of share and transfer esos from October. At that time, directors aldy know the result of q3 is good or bad. If qr3 not good, why they buy a lot of ticket. Waiting for becoming toilet paper??
As for wave 4, it should do retracement around 38% of wave 3. Current price is already at this level & just above the support. Wave 5 is expected to happen soon as market is expected to rally.
emil Go back to basic knowledge - massive selling means QR bad report incurred losses!!
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1) Emil.. last week panic selling was due to the recent news people EXPECT quarter will be bad coz in that news stated that knm's subsidiary claim 30M loss in profit from Widad for job NOT YET COMMENCED.
This 30M was and will never reflected in KNM or its subsidiary's profit n loss statement coz the job not yet started.
2) As we can see on technical view,
(i) RSI and Stochastic are both oversold. (ii) Current price stay below bollinger band. (iii) As price continue to drop, volume is increase ( price - volume divergence)
With these indicators we can expect rebound will happen tomorrow - quarter out.
To emil, my question is :
If price is rebound before quarter out, what actual assumption u can make for coming quarter?
Those who are so pandai pandai read chart wave 1, 2, 3, 4 or 5 end up will kena wave hangus loh. Wave is created by human being lah. Surely last wave will trap you.
No matter how good profit is, Kim still has to pay borrowing interest 130m++ yearly and those who mentioned BY A 0.60 will end up with write off goodwill balance sheet 900m any time
No matter how good profit is, Knm still has to pay borrowing interest 130m++ yearly and those who mentioned NTA 0.60 will end up with write off goodwill balance sheet 900m any time
@masterkevin212 No matter how good profit is, Knm still has to pay borrowing interest 130m++ yearly and those who mentioned NTA 0.60 will end up with write off goodwill balance sheet 900m any time 24/11/2019 6:03 PM
Thanks for your advice masterkelvin...
Which O&G does not have debt? It's part of the playing fields..
Compare to it's peers...Dutchman's debt is peanuts...
Want to be safe, better invest in Banking industries...
In 1963, American Express found itself on the wrong end of a very big, very bad loan to a company by the name of Allied Crude Vegetable Oil. The salad oil company faked its inventory, filling its tanks with seawater and only a modest amount of oil. Because oil is less dense than water, it would float at the top, making it appear as though the company had much more oil than it actually possessed.
Allied Crude Vegetable Oil borrowed on the basis that it had 1.8 billion pounds oil, but it only had 110 million pounds. Thus, American Express and other major banks, which took on the loan under the assumption it had ample collateral, found themselves staring down the barrel of substantial loan losses.
AmEx shares fell over 40%, as the market worried that it wouldn't survive. But Buffett was ready to buy, believing that the losses were only temporary, and that American Express's brand gave it enormous value over and beyond its accounting value.
American Express wasn't your typical corporation. It was organized as a joint stock company, which gave its owners unlimited liability for its losses. If its balance sheet were impaired, shareholders could be called on to contribute more capital. (It converted into a typical corporate structure two years after the scandal.)
In the book The Snowball: Warren Buffett and the Business of Life, author Alice Schroeder writes of the event, quoting Buffett himself:
"So every trust department in the United States panicked," recalls Buffett. "I remember the Continental Bank held over 5 percent of the company, and all of a sudden not only do they see that the trust accounts were going to have stock worth zero, but they could get assessed. The stock just poured out, of course, and the market got slightly inefficient for a short period of time."
Buffett bet big on the stock, putting 40% of his partnership's assets in American Express shares. And while he had made big bets before, this wasn't his standard fare. Previously, his large bets were concentrated in companies that could be liquidated for more than their stock-market value. This wasn't the case with AmEx, which Buffett was buying at well more than two times its book value and more than 15 times its earnings.
Up until this time, Buffett had primarily invested in companies that few would recognize, companies that would never make the front pages of a local newspaper, let alone find themselves in the middle of a national scandal. The size of his American Express investment gave Buffett a huge advantage that he never had before. Schroeder wrote that "[n]ever before had he invested like this. Never had he put to work anything approaching this much money, and so fast, in his life."
Having plunged as low as $35 per share, shares rapidly advanced to $70 per share, making Buffett and his investors millions in the course of just three years. The quick double from AmEx resulted in a return twice that of the S&P 500 over the period.
One of Buffett's most famous quips is that "only when the tide goes out do you discover who's been swimming naked."
If Buffett's investment in American Express during the salad oil scandal had turned out for the worse, Buffett might have continued on as a small-cap liquidator managing a handful of money rather than the legendary investor that he is today.
Some KNM investors panicked & dump their KNM shares as fear coming qr profit will be in red .Some investors see as an oppurtunity to collect KNM shares during temparory dips & have faith in KNM on its futures plans .Time will tell.
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....
Mabel
24,516 posts
Posted by Mabel > 2019-11-23 21:45 | Report Abuse
Mari kita menanam kelapa sawit
Membawa hasil kepada negara
Sambil kita menambah duit
Wah sedap nya makan Lobsters seisi keluarga
Pergi ke bandar beli (KFC) Kay Ef Si
Bahagian peha memang sedap sekali
Mari kita bersatu menaikan KNM kita lagi
Terkilan benar nak makan Aboloni ni