Immediate Announcement on Shares Buy Back (202003094700066) Company Name KNM GROUP BHD Stock Code / Short Name 7164 / KNM Date & Time Announce 09/03/2020 01:14:38 PM Subject Immediate Announcement on Shares Buy Back
Content Date of buy back (From) : 09/03/2020 Date of buy back (To) : 09/03/2020 Stock par value : 0.000 Total number of shares purchased(units) : 3,500,000
Minimum price paid of each share purchased (RM) : 0.159 Maximum price paid for each share purchased (RM) : 0.159 Total consideration paid (RM) : 558,285.000
Number of shares purchased retained in treasury (units) : 3,500,000 Number of shares purchased which are proposed to be cancelled (units) : 0 Culmulative net outstanding treasury shares as at to-date (units) : 268,412,275 Adjusted issued capital after cancellation (no. of shares) (units) : 2,617,879,480
Date lodged with ROC : No Date Stated Lodged by :
Remarks This announcement is dated 9 March 2020. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
sardin81 I am not running away, I decide to just honor my bet with masterkevin212 ( I have to disappear from this forum if I lose the bet ). Otherwise, he will say I have no honor ... even though this lost is not really because of him but an unexpected coronavirus crisis, I was clearly winning before the coronavirus hit.
and what happened to my KNM shares when I leave this forum ? nothing... I just keep what I have bought last time. When I have new money I will buy more because I know what I am holding.
IDSS will not be able attack KNM forever, soon they will hit a wall and die.
Just look at all the major business units in KNM that I have mentioned... easily RM3 and above, because all the major business units have strong cashcow business and also massive growth prospects with very strong competitive edge. Even though the share price drop so much, nothing to worry about, business operations are improving every day... as long as the company is doing well, share price will eventually reflect its true worth. I doubt the coronavirus can hurt KNM much because they are no longer dependent on the oil and gas industry, they do not have any business unit that can be effected by the virus.
We are talking about an international player KNM ... with proven WORLD CLASS GERMAN ENGINEERING, BORSIG. Alot of kampung smartass from this forum think they are better than the German Engineers... I hope one day they will step out of their coconut shell and see how far they ar behind those German Engineers.
I forget to highlight something about that green machine in the Impress Ethanol video I posted earlier, you can see brand is written as "Jenbacher". It has a BORSIG component in it. Just do a google search with keyword "Jenbacher Borsig"... you will be able to see the connection.
So when people say BORSIG unknown, yes for now... because it is mostly hidden inside other brand machineries and in their sleep mode. One day they will wake up and make machineries with the BORSIG brand name like they used to have in the past.... ( BORSIG is a very strong brand name, used to be EUROPE Number 1...it can make a come back )
Why I think BORSIG will wake up soon ? once Peterborough WTE is completed, BORSIG do not need to feed KNM anymore ( I think with Impress Ethanol fully operational will also be fine )... BORSIG can keep all its sales money for its own growth... they can grow their own business because KNM can survive with contribution from Impress Ethanol or Peterborough WTE.
Here is another evidence that BORSIG will be waking up... look at all the trade fairs that they will be taking part for 2020...
Sell for now only la. Don’t lose money enter now by thinking “catch bottom”. Oil up also knm same only. All borsig go longkang. TA FA looks like useless due to sentiment
Aiyo I’m not attacking anyone whose name sounds like fish la. You don’t have to trust me just look at his previous comments everytime he keeps promoting borsig things. If price got up ok la but this one price no up also. Don’t trick people la to eat your shares.
Sardin, just calm down, your target might achieve in the long run or might not, no point bringing up boring la cash cow la this that, if the market wants it to be rm3 it will, if not, it wont, no point repeating daily. Thanks
Looking at chart, KNM likely to retest 0.07 soon due to the following reasons
Poor overall market sentiment Force selling by margin call Panic selling by operators coz they also got caught unexpectedly IDDS will intensify the selling pressure Dow and S&P set to drop another 15–20% as per chart analysis Oil price war to stay for longer as Russia and Saudi want to kill the US shale oil players
Guys, let it free fall, don't rush in to buy, current price is still too high to buy, the chart just look like a Niagara Fall. Do not use our limited resources to buy at current price to catch the falling knife, only buy when it drop to 0.1 or below. Best is 0.07. It will not be a "V" turn, just refer to last year trend chart, it will stay below 0.1 long enough for you to buy, no point to rush in above 0.1.
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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....
longvalley
2,287 posts
Posted by longvalley > 2020-03-09 13:10 | Report Abuse
0.10c OTW.......
Not because oil n gas crash........!
But coronavirus........
Attacked Europe include Germany.....!!!!?
Be ware........