As a retail buyer in Bursa , we can only earn some money by way of receive dividend income or make capital gains i.e buy low sell high .

Almost all counters after the share price were pushed up few hundred % from its historical low , the share price will fall back and then slowly drop lower and lower .

HENGYUAN from below 2.0 pushed up to 19.50 at the end of 2017 now below 4.40 .
Petronm from below 5.0 to 15.50 in year 2017 now around 5.20 .

Kesmi was hovering around 2.6 - 2.80 sometimes in 2014 and was pushed up to 19.10 on 11 Oct 2017 and distributing all the way 6.75 on 29 August 2019 .

Fronktn 0128 was hovering around 0.18 - 0.20 sometimes in 2016 , now trading above 1.70 .

If the retail buyers were trapped at the historical high level , they won't be able to come out for many years and most of the times are forever .

There are many counters listed in Bursa which have been making losses for few years or made a little bit profits but the share price was pushed up few hundred % from their historical low .

For example , ICONIC ( 9113)or previously known as SANBUMI , from its low of 0.14 on 30 July 2018 , shot up to 0.445 on 9 Jan 2019 .

PERMAJU (7080 ) , 12 Sept 2019 , 0.215 , pushed up to 0.56 on 5 April 2019 and today 0.68 .

MNC ( 0103 ) from 0.035 on 30 May 2019 to 0.12 on 18 Sept 2019 .

As long as the company's shares go into the hands of the major shareholders and you can foresee that the company won't go into bankrupt in the next one or two years , you will be rewarded as long as you have done your homework .

Other counters like KNM from 0.07 on 27 Dec 2018 pushed up to 0.44 on 29 July 2019 .
Armada from 0.21 on 16 August 2019 to 0.355 on 20 Sept 2019 and Armada had given few round short term profit of 30 - 50 % returns within a year .

Queued to buy 10000 shares @ 0.18 . If drop to 0.17 , buy additional 20000 @0.17 , if drop to 0.16 , buy additional 20000 shares , if drop to 0.15 , buy additional 50000 shares , total 100,000 @ 0.159 , total investment around RM 16,000 , hold for 3 years , then sell at 0.64 , 300 % return , average 100 % return per year .

Congratulations to those who have bought @ 0.19 - 0.21 and are still holding , unrealized profit of 50 % is in your pocket .

After few weeks , Bat will be cooling down and the trading range will be narrowed down like HENGYUAN , PETRONM .

Esp of 26.70 per quarter .

Bat will be hovering around 19.00 - 23.00 for the next few months .
If retail buy more , they will press down , the more retail buyers buy , they will press down more .
If retail buyers sell , they will push up . The more retail buyers sell , they will push up higher .
At the price of 19.0 and Eps of 26.70 , PE is around 17 - 18 . At 23.00 , PE around 21 - 22 .
Unless all retail buyers who have bought at the range of 23.00 - 30 .00 have sold all their shareholding , Bat will need longer time to push up above 30.00 .

For those who have bought and are holding 1 million shares between 0.19 - 0.21 or at an average price of 0.20 one - two months ago , they could have made RM 80, 000 or 40 % return at the current price of 0.285 .

A lot of retail buyers still do not really understand the way of trading , buying or investing in shares in Bursa Malaysia .

For e.g , even if the share price is undervalued , if you buy , they will push down further to panic and shake out the retail buyers .

Sometimes if you want to buy at 15.00 , without any retail buyers buying from 19.0 , 18.0 , 17.0 or 16.00 , they won't press the share price down . 19.00 less 15.00 = 4.0
4.00 x 285 millions shares , means the market capitalisation will be reduced by 1140 millions .

Just sold 1000 shares @0.28 and 1000 shares @0.285 .
Queued to buy back 5000 shares @ 0.26 .

Time to buy Bat , PE around 15 , dividend yield around 7 % , buy 1000 shares @ 19.00 , average down another 1000 @ 17.10 and 1000 @ 15.10 . Keep for rebound 23 or 24 or 26 . Good enough .

After breaking 0.26 - 0.27 , Armada may need another few weeks to clear 0.32-0.33 , 0.42- 0.43 , as these are the levels that a lots of retail buyers were trapped from 19 Oct 2018 - 30 Nov 2018 .
After that , Armada should be able to hit 0.55 -0.60 .

When KNM acquired Borsig , it paid a premium on the acquisition price , that is why goodwill appears in it balance sheet for the past few years before written off .

From the accounting point of view , If a company's turnover or revenue is 10 millions , and the cost of sales is 5 millions and all other expenses are 2 millions , then the company makes a Profit before tax of 3 millions . Assuming all the transactions are in cash or all sales are collected and creditors are paid , at the closing date of accounts , the company's retained earnings will be increased by 3 millions and cash and balances will also be increased by 3 millions . This will not increase the company's other assets like plant and machinery , investment in subsidiaries and etc .
If the company increase it's investment in subsidiaries or plant and machinery by paying cash from internal funds , the cash and balances will be reduced . If the company increase its investment in subsidiaries or plant and machinery by borrowing either long term loans or issued bonds , then the company's liabilities will increase and assets will be increased also . From the above explanations , we can see that increase in the value of the company's subsidiaries doesn't mean the company makes a lot of profit or the company's subsidiaries make a lots of profit ,. The increase in the value of the company's subsidiaries is mainly due to the holding company or the company's subsidiary itself increase the investment by borrowing . That is why the gain on disposal of subsidiary is RM 18.80 , and this figure could be before tax . Even if there is a capital gains tax in Germany , the rate is in the region of 25 % - 30 % only .

Knm acquired Borsig for around 1.6 billion and there was rumors that Borsig will be listed in Singapore for around 1.7 - 1.8 billion some years ago .
By dividing 1.6 billion against the paid up shares of 2.30 billions , Borsig is worth 0.697 per share without taking into consideration the impairment of assets .
Unless KNM can make a Profit after tax and minority of at least 350 millions , or EPS of 15 sen , it is very unlikely for its share price to hit above RM 2.0 in the next one or two years .

Under the INCOME TAX ACT 1967 , only income derived from Malaysia is subject to income tax . Gains on disposal of shares or subsidiaries are normally treated as capital gains and are not subject to income tax .

Queued to buy 100 k @ 0.20 for more than a year also can not get , not to mention @ 0.10 .

For all retail buyers who have suffered losses in oil and gas counters over the last few years , it is the time to buy Sapnrg , Armada , Velesto , Uzma and few other oils and gas counters to recover some of your losses .

Armada has paid up shares of 5.877 billions and SAPNRG has paid up shares of 160 billions , th current shares prices are closed to historical low . If they are going to close close shop , their shares price movements won't be traded like this for the past few months . Their shares price movements are similar to Renong or UEMLAND or Uemworld or Uems. . It means they are accumulating .
If they are going to close shop , their shares price movements will be like Sumatec , Perisai , Saag , Seasera , Barakah , Pecd , pilecon and many others .

Sapnrg hit 1.03 on 9 Jan 2018 and hit 0.895 on 14 May 2018 .

Renong below 0.40 at the beginning of 1999 , before Sept 1999 , pushed up above RM 3.0 With very high volume . Later changed its name to Uemland , beginning of 2006 below 0.40 , before year end of 2007 , shot up to around RM 5.00 With very high volume also . Later changed its name again to UEMS , after 2008 subprime financial crisis , in year 2010 rebounded from RM 0.50 to around RM 2.0 . Later in the year 2013 , shot up to around RM 3. 50 .

It doesn't matter , if can not hit 1.30 , 1.20 or 1.10 also can take profit .

After they accumulated enough , the price will go up . Like KNM and KNM-WB .

If you buy 10 millions Sapnrg @ 0.30 , cost of investment around RM 3 millions and 10 millions Sapnrg -warrants @ 0.11 = RM 1.10 million , total cost of investment = 4.10 millions , After one or two years , Sapnrg hit RM 1.70 , and Warrant hit RM 1.30 , then you will have RM 30 Millions .

For those who are interested , can watch these few movies :

1 ) The wolf of wall street

2) Margin call

3) OVERHEARD 2

Hopefully Sapnrg and Armada won't go up within these two weeks , so that we can accumulate some more .

For those who had bought above 1.20 in the year 2017 , if they have money to average down , they can seriously consider about this . If they have the holding power ,should consider double average down at this price and prepare to ho for another one or two years .

KNM is one of the few good example .

For those who had bought Armada above 0.80 , also can consider to double average down like Sapnrg .

Just for Wendyuong ,
Many comments mentioned about mother or son about a counter , actually the mother means the shares of a counter , the son means warrants issued by the company . Call warrants are issued by third parties mainly the broking firms and CALL warrants have shorter period , normally few months to a year and the call warrants are all cash settlements and can not be converted to the company's shares .

33.33 % return on investment is around the corner .

Number of shares issued for KNM = 2.6 billions
If KNM makes 33 millions per quarter , per annum = 130 millions , Eps = 5 sen ,
If PE = 10 , ==» shares price = 50 sen .

KNM is going to test 038 - 0.42 range

KNM has been trading between 0.28 - 0.32 for 9 working days .

Every one can share his experiences and views especially constructive views . For Sapnrg , If the price goes up from 0.30 to 0.40 in a year , it means 33 .33 % gains . If the share price of Sapnrg takes 3 years to go up from 0.30 to 0.40 , it means our return is 11. 11 % which is better than fixed deposit rate of around 3 % .

Sometimes before 2005 , Berjaya Group changed its name to Bjcorp and after some corporate events , its shares prices dropped from around 1.80 to 10 sen . Its shares price hovering around 10 - 12 for around a year . After that , its shares price slowly moved up to around 0.40 - 0.50 Sometimes between 2006 - 2007 , later its shares price was pushed up to around 1.50 within few months .
After the 2008 subprime loans financial crisis , its shares price dropped to around 0.40 - 0.50 . Later , before June 2010 Foot ball World cup , its shares price was pushed up to around 2.00 .

You are welcomed , we are here to share our views , to prosper together .

Many counters before they become PN 17 or delisted , their shares price will be pushed up for distributions . PECD , PMCAP , AMSTEELS , PERISAI , and many other cases . Recent cases like SEASERA and London Biscuits .

So , based on the above mentioned cases , Sapnrg and Armada should have at least one in a lifetime push up for distributions before they become PN 17 or be delisted . Otherwise , all the major shareholders have to withdraw their shares certificates and use it to burn UBI KAYU as their daily meals .

Armada , Sapnrg all using the same tactics , press down and accumulate . Just keep and wait .

Armada , Sapnrg all using the same tactics , press down and accumulate . Just keep and wait .

KNM had written off impairment of assets , shares price was pushed up from 7 sen to 0.325 within few months .

HWGB had right issue at 10 sen with free warrants when it's share price was hovering below 20 sen in 2010 . During Chinese New year in 2011 , its share price was pushed up to 1.00 just within a year . Last year consolidated 4 became 1 .

So for Sapnrg , they have to push up at one time even the company can not perform anything .

According to the statement made by the Chairman in Annual Report 2019 , he said at the end of FY 2019 , net gearing ratio reduced from 1.6 times to 0.6 times , the Group Will enjoy savings in finance cost of approximately RM 314 millions per annum . Cash and equivalents for the Group = 8,.098 billions as at 31 Jan 2019 .

According to TAN SRI SHAHRIL , compared to the previous year , we registered a 230 % increase in total contract wins for FY 2019 at RM 9.3 billions .our order book of RM 17.20 billions as at the end of FY 2019 , compared to RM 14.90 billions in FY 2018 and RM 16.70 in FY 2017 , was at its highest in two years and continues to grow today . We have built up an order book with 70 % of the work in global markets .

The major shareholders had quietly disposed of
Multi millions of their shares from around RM 5.0 to Rm 0.60 . They have subscribed for the right issue at 30 sen with free warrants , As a common sense and logical thinking , and also many examples which had happened over the last 20 years in BURSA ,
It is very hard for a layman or retail buyers not to believe that the shares prices will go up .

If the share price goes up to RM 1.0 -warrants easily 50 sen . If the share price goes up to RM 1.50 , warrants can hit 1.0

If you have 1 million of shares and 1 million warrant , then you will have a worth of 1.50 millions . Just keep for 3 years , any day hit the target , you can just sell and cash out . The main shareholders are holding few billions , ultimately it will go up , just be patient .

Knm resistance 0.18 - 0.22 was cleared . Resistance 0.28 - 0.32 is in the process , but facing some difficulties . Once cleared , most likely can go to 0.38 - 0.42 .

KNM is not SUMATEC . SUMATEC has zero turnover for last quarter . KNM has more than 1.5 billions turnover for last few years . Before 2014 - KNM had turnover of more than 2 billions for few years . Now the company is more emphasize on recurring income .

KNM has long overdue for rebound and uptrend .
All the bad news had been factored in and it is undervalued . Most of the impairments had been written in the December quarter 2018 . The coming quarter results should give a very much better results . They have accumulated quite enough . The last press down in early March this year was to panic the retail buyers only .
If this quarter can give a 30 - 50 millions profits , the price can hit 0.38 - 0.42 . Hopefully .

For long term investors , Be patient .

Congratulations ! Thanks to comments made by Sardine 81 .

KNM is one of the few counters in BURSA which is active for last few years . The only problem was too aggressive and highly geared ., but the future is looking good and the the boss is working hard to recover .

KNM's shares price had dropped from RM 1.10 since July 2014 until RM 0.07 on 18 Dec 2018 . In the quarter result ended 31 Dec 2018 , the company had written off impairments of assets . Latest quarter made some profit .
For those who has money , can buy 100,000 shares @ 0.21 - 0.215 .
The price will go up level by level , May be 0.19 - 022 , then 0.28- 0.32 , later , 0.38 - 0.42 , after that not much resistances . Be patient .

Anyhow , it is on uptrend , must buy and keep , contra is difficult .

Buyers and sellers mostly are Stockists , mostly from Hwang 068

As I mentioned before , VC is a counter play for 1 or 2 days in 5 years time period . Longer term distribution .