@escanor999 KNM been diversify to renewable energy quite sometime already. I am not sure how much lower oil price will affect KNM, but they got other recurring income from other avenue. Especially the ethanol plant in thailand. *Ethanol used for hand sanatizer and spraying city street. If results good should jump the share price.
TP 0.6 is the bare min. Borsig value should have increase significantly, RM1 should not be a dream. The only thing we need is Sardin coming back to support Borsig....
Sardin is the bloke who had been promoting KNM since mid-2018 when the share price was plummeting all the way from around RM7 to below RM1. I think he started his "campaign" when the price was still falling at around 40 sen, and he accumulated little by little and averaged down until it reached 7 sen, and if I'm not mistaken his average is about 10 sen.
KNM vs. Armada, I am in KNM..better prospect and safer bet than BA which still got tons of debt. ..but anyway, in stock..sometimes it doesn't count..when emotion run high!!...haha
only 11 transactions for 0.24 at 669 units (buy, not sell transactions).
target price remain 0.305, 0.475. however, do take note no share will up everyday as people will take profits from time to time.
if reference to last year uptrend, after a significant surge for 3 - 4 days, it will follow by one week consolidation before it surge for the next level high. example of last year data for reference :
Wave one : First day = Jun 28th = 0.19 to 0.26 Second day = Jul 1st = 0.265 to 0.3 Third day = Jul 2nd = 0.29 to 0.315
Jul 3rd - 10th = consolidate at 0.29 to 0.325, about 1 week
Wave two : First day = Jul 11th = 0.3 to 0.35 Second day = Jul 12th = 0.335 to 0.365 Third day = Jul 15th = 0.36 to 0.39 Forth day = Jul 16th = 0.38 to 0.405
@investorbat i think sardin surrendered at 0.09 already
Sardin knows no bounds. He started buying and campaigning when everyone else was mocking him and wishing him failure, yet he wouldn't give up. He was accumulating when the price was still dropping and at times he did express disappointment when things didn't go as he planned. Even when the price started to quadruple, there were still people mocking. And you think he surrendered?
@midzurll19 sardin bought KNM around 0.35-0.40 all the way to sub 0.20,he bought some more at 0.19 using margin(he said so).When price drop below 0.10 u know how much he lost?Margin call also,not everyone can stand this kind of stress.That's why i said "i think"
Wow, Fantastic ! Morning session, KNM closed at 0.24 (+0.06) (+33.3 %) Like that today KNM definitely can closed at 0.30 (+0.12) (+66.7 %) liao lah ! Keep it up KNM !
@investorbat @midzurll19 sardin bought KNM around 0.35-0.40 all the way to sub 0.20,he bought some more at 0.19 using margin(he said so).When price drop below 0.10 u know how much he lost?Margin call also,not everyone can stand this kind of stress.That's why i said "i think"
Well, to be honest, I don't know the full story. All I know is from what he wrote on this forum, so I probably know as much as you do, if not more or less. But if he did spend a lot on margin, then it must have been devastating for him. One thing for sure is I truly admire his perseverance and moxie while facing the ridicule and bollocking from other people, and I just hope he can exhibit resilience at the moment when KNM is rebounding. If I ever meet him in real life, I'd like to ghost his autobiography.
@ andrewlimck, good info. Looks like KNM not only benefits from oil price increase but also supplying to health care product like hand sanitiser & demand increase due to the outbreak.
"Ethanol in hand sanitizing gel is widely used not only in health care settings but also in other areas that involve hand hygiene. Ethanol is considered an effective substance against a large spectrum of microorganisms which can linger on the skin. Health care systems and infection control organizations have begun advocating the routine use of hand sanitizing gel, as health care professionals may apply alcohol-based hand sanitizers more than 50 times a day, if using these products prior to and just following each patient."
Midzuril19 I agree with you.Sardin was and is fantastic for KNM.He put in the time to research and kept us sane and encouraged when times were bad unlike some idiots here.So Sardin if you read this I'd like to say Thank You and hope all is well with you-look forward to your return!
I've been a quiet observer most of the time for the past few years but the amount of research Sardin put in and his willlingness to share them is truly amazing. I lost money on KNM before but no way he is to blame. In fact, he is the reason why KNM is still in my radar. Thanks Sardine.
@super_newbie KNM pandai take this opportunity for Covid19. Attached is the link they mention for hand sanitizer. This for them is like side business only.
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....
escanor999
93 posts
Posted by escanor999 > 2020-05-18 11:29 | Report Abuse
Their QR will be good or bad