Supposed to confirm the good news last month. Now is October oredi still nothing confirmed. Me and few friends running out of patience, just like a lot of other investors.
Our friends from inside KNM also not so helpful giving inside news except saying hang in there. You start to panic and sell when our Boss Tunku start to sell. As long he still buying please be patient. There are formalities that need time to complete.
I'm thinking of selling and investing something else. But then I didn't all-in earlier. Only 15% of my account in KNM. So I will hold aje till the end. Hope Tunku and his team don't disappoint me and my fellow investor friends.
Good luck, guys. Sorry I can't help with better news for now.
Yes, time is running out. But the deal is still on track. From what I know the buyer is still very interested but they have some internal compliance issues to iron out. And probably a bit of haggling on the price. Let's hope it won't derail the deal. Fingers crossed. I will keep our friends updated if I have any info. The management is keeping a tight lid on this deal for some reason. Hope they give shareholders a pleasant surprise instead of a nasty one when the time comes.
A lot of investors are getting worried and losing faith because management missed deadline for KPI selling off loss-making subsidiaries and listing Borsig in Singapore. It's understandable if we want to dump and jump ship before it's too late.
But regarding the deadline for this end of month, there is nothing to worry about. KNM will not be delisted for sure due to this deadline. Creditors for one, are not worried. They know the situation has not deteriorated, but actually improved. Outlook for near future is bright as the deal with new buyer will be confirmed pending final formalities. But no official announcements will be made till then due to ongoing efforts towards sealing the deal.
If you want to sell off due to various reasons, it's fine. But if it's because of October 31 deadline, that is not a worry.
The Board of Directors of KNM wishes to announce that M&A Securities Sdn Bhd has, vide its letter dated 22 October 2024, resigned as the Principal Adviser of the Company for the Company’s proposed regularisation plan effective on 22 October 2024, mainly due to capacity constraints.
They have identified a replacement for M&A and Bursa will extend for them on the new advisor. No worries. They won't dapao end of the month. The repercussions are too great with high percentage of open market investors.
KNM deserved a chance of a kind of Love....I am not sure i 'm worthy of.....Losing KNM is painful to me..... There is no other way is to say GOODBYE....
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....
Auntylee
165 posts
Posted by Auntylee > 2 months ago | Report Abuse
OKU 😅