Finally, sinchew daily mentioned Impress Ethanol in the announcement of AGM. Seems like there are missing keywords in the news such as hand sanitiser, cleaning virus...demand of ethanol increases due to covid-19 pandemic, etc...
Hi Jack Y, Actually, I agree with you. The management has been using ESOS tactic many many times already. A lot of money has been siphoned into their pockets...no wonder no dividend given since 2011.
aug 13 there is AGM? any big shareholder can raise up this ESOS ??? this action keep diluted markey value? @sardine ...any comment on ESOS or u strongly agree this action?
Below are some of the questions prepared and submitted to KNM to address during the forthcoming AGM on 13/8/2020. Should there be more questions, suggest raise it as well. This will benefit all shareholders.
KNM Group Berhad - 18th AGM (Virtual Meeting) on 13th August, 2020
1. It has been mentioned that the preliminary site infrastructure works has been completed for the WTE Peterborough project.
The planning on this project has been going on for many years without any much concrete progress at sight. When is work on this project proper expected to be started and completed for commercial launch considering approval has now been granted on the plant design by the Peterborough City Council on 10/5/2019?
Has all the necessary competitive financing been secured for this project?
Does KNM foresee any other major obstacles in getting this project completed per its planned timeline?
What are the associated risk and impact to KNM if it does not complete this project per its planned timeline?
Moving forward, how does KNM plan to strengthen its position to further develop its WTE business in Malaysia and in other parts of the world?
2. We are in the middle of a Pandemic and considering KNM is also in the business of ethanol production, how does or is KNM capitalizing the application of ethanol for sanitizer production etc in the health industry?
If at all, ethanol are supplied for any sanitizer production, how are this information being made public to investors? The current KNM share price appears to be not reflective of this business potential. As a shareholder, I am expecting KNM to disclose or announce material information so that the share price are fairly reflected.
Understand that the additional 300,000 liters of bio-ethanol capacity expansion are underway. When is this expansion expected to be completed and how and by when do we see this expansion contributing to KNM’s bottom line?
3. Under the P&L statement, RM67.525M as been shown as Finance Cost for Yr 2019. This has increased in comparison to Yr 2018 which was reported at RM60.717M. Why do we see an increase in Finance cost in Yr 2019 when the total loan & borrowings for Yr 2019 is lower at RM1.467611B in comparison to Yr 2018 where the total loan & borrowings stands at RM1.470606B?
4. In relation to the trade receivables, the impairment loss written off for Yr 2019 amounts to RM26.475M. This is an increase of RM11.790M in comparison to Yr 2018 where the impairment loss written off amounts to RM14.685M. This reflects and indicates a higher non- collectable of dues from customers which would otherwise have contributed positively much higher to KNM’s bottom line. How does KNM plan to reduce this exposure/risk moving forward so that all rightful dues are collected in full with zero default?
5. KNM Process Systems Sdn Bhd has requested for an arbitration due to disputes against Lukoil Uzbekistan operating Company.
What is the quantum of the claim and what is the present status of this arbitration?
6. There was a proposal to dispose Borsig ZM Compression GmbH for a cash consideration of Euro 28.0M and subsequently on 31/12/19 it was announced that the completion date for the proposed disposal has been postponed to a date to be determined.
What was the reason for this disposal to be postponed and what is the present status of this planned disposal?
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....
Hotstuff
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Posted by Hotstuff > 2020-08-09 23:36 | Report Abuse
you will be rewarding soon. knm will will go beyond.rm1 above anytime from now