Why uplift PN17? Have they gotten a proper business now?

Thank you Baramundi for the info, I won't be buying KNM to average things out. I hope to make money from the Gas Malaysia IPO. What is the target price for Gas M'sia? I applied 150,000 units & I don't know how many units they will allocate me.

Damn! I bought 2,000 units of Facebook at USD38 on its IPO day thinking I've bought it at the day lowest. Didn't bloody know that Morgan Stanley was supporting it at USD38 until it closed at USD38.23. Today I sold off all at USD32.49 & make a loss of close to RM40k less than a week. Facebook is fishy when they announced revenue forecast cut after listing, seems like hiding from everyone.

Maybe Mr Lee of KNM is also not honest. Even some of those who are involved in KNM operations were mentioning that Mr Lee employed a good financial writer to write a good story of the company during mid 2000s. That's where the fairy tale story started when I made loads from this counter. Do you know that its CFO has just resigned?

What made DRB Hicom went against the market drop? Was just a little curious. My colleague bought at RM2.31 yesterday & sold at RM2.43 today for a fast contra gain after sensing something amiss. Will this counter be an election counter?

Hi meorwz,

Thanks for your insights. My strategy is also to average out by buying some more. But not sure when it's the tipping point. Currently KNM is experiencing a free-fall with no retracement. But what's the actual problem with KNM? I thought they have made announcements that they've secured a lot of projects & kept busy all the way till 2015. Also bought a plant in Middle East. Perhaps you all can shed some light.

Recently made some money from selling Hibiscus & its warrants which I hold since IPO. Luckily sold before its dramatic downfall. Sold my Uzma too since holding from IPO days. Today sold all my PChem too before the freefall (Thank God). Now switching my attention on Facebook IPO. Don't know if this is the right move but wouldn't it be opportunity of a lifetime to be a millionaire? Another Google story?

I've bought 20,000 units of KNM for RM3.08 in Jan 2011. That was after I heard that they've won some projects in one of the Balkan countries. Even some research houses have upgraded it to BUY with target price of RM3.50. What happened after that?

By the way, I got 1,000 units during its IPO in 2003, then it splitted to 50 sen (2004) & later gave bonus issue 1:1 (somewhere in 2005). Bought about a lot just before its bonus issue at RM5/share. Later sold it RM15+ at end of 2006. Hence I was curious what happened after that. Perhaps the brothers/sisters here can help shed some light.

Thanks.