@speakup, grossly 38sen to 40sen is the current fair value, BUT if the requisitioners managed to unseat the current board, it's 1sen outright, even that you may need to pay transaction fee and perhaps you still owe the broker... This tumbling down isn't about the requisitioners, it's about the circumstances, the situation is, its in the Catch-25 situation, creditors won't wait till the cows come home, the creditors will strip away the company and we will be left with nothing....
ya let the current mgt team clear all the messes and start rebuilding. We should see how the share move up from the lowest price a year ago till todate.
@The Rock, for that matter, any company that falls into wrong hands will have its shares hover between 1sen and 3.5sen, there are plenty of companies similar situation, due to stripping of crown jewels and carting away those golden-eggs laying geese out of the company. KNM is not an exception, current management is a credible one. CEO Ravi is based on a market reputation that is a "turnover from losses to profits" guru, similar Vikram Pandit of Citibank, John Thain of Merrill Lynch and Joseph Cassano of AIG.
Let's see who wins the tussle. If I can't afford to take such high risks, then, I will dump shares before EGM maybe even before that like October 10th, and pick up afterwards if the current board is still around after October 16th, KNM fair value is 38sen, it won't go wrong, and perhaps may go up to 70sen in 12 months time (long term holding), no banks will give you 100% returns in 12 months time though even if we pick up after EGM, looking at today's trend, the holding power is strong, scary at the same time it's exciting...
Sometimes i don't understand always human create great storytelling aka keyboard warrior @ whenever it surge all crowd is here @ when thing hold on or down a little @ rumor evil spirit visiting / screaming around .
Is okay after clearing all this swing trader @ i would highly recommend go to casino you will definitely satisfied your need.
Syndicate will be always around to be the greatest keyboard warrior . Well is good thing so that happen to load discounted price. Without your help thing won't happen. 😂
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....
OtisKL
280 posts
Posted by OtisKL > 2023-10-05 16:11 | Report Abuse
@Adagold, wow, so much of information to digest...