Type : Announcement

Subject :
(1) Proposed renewal of shareholders' mandate for share buy-back;
(2) Proposed shareholders' mandate for recurrent related party transactions of a revenue or trading nature; and
(3) Proposed amendments to the Articles of Association of the Company
(collectively, "the Proposals")

Contents : The Board of KNM Group Berhad ("KNM") wishes to announce that the Company will be seeking its shareholders' approval for the Proposals at the annual general meeting to be held on 24 June 2009.

A Statement/Circular to Shareholders of KNM which sets out details of the Proposals will be issued to the shareholders in due course.

This announcement is dated 28 April 2009.

URL: http://announcements.bursamalaysia.com/EDM...B3?OpenDocument

Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Acquired 20/04/2009 1,000,000
Disposed 21/04/2009 7,041,000
Acquired 22/04/2009 1,000,000
Acquired 22/04/2009 500,000

Direct (%) : 9.56

URL: http://announcements.bursamalaysia.com/EDM...DC?OpenDocument

KNM to see re-rating, says HLG Research

HLG Research noted that KNM’s share price had risen 69% since it upgraded KNM’s rating on March 17. Meanwhile, the share prices of KNM’s global peers have risen by 50% to 60% since the beginning of April, it added.

The research house had raised its price target for KNM to 75 sen from 46 sen, based on discounted cash flow on 10% weighted average cost of capital (WACC) using higher sustainable order book replenishment of RM2.8 billion (versus RM1.5 billion previously).

“At our price target, KNM is valued at PE of 7.8 times for FY09 and 8.9 times for FY10 and EV/Ebitda (enterprise value over earnings before interest, taxes, depreciation and amortisation) of 6.3 times for FY09 and 6.7 times for FY10,” it added

URL: http://www.theedgemalaysia.com/business-ne...g-research.html

KLCI is +22 already!

This post has been edited by David83: Apr 30 2009, 03:16 PM

Up 3.5 cents at 0.570!

0.575 +0.04 now!

KNM is like gold rush now.

0.580 +0.045

Impressive performance today. Closed by 4 cents higher even it did touch 0.590

0.595 hit!

---

Added on May 4, 2009, 9:10 am0.60 now!

This post has been edited by David83: May 4 2009, 09:10 AM

KNM comes back to 0.600

It's at 0.605 now!

0.630 now!

0.640 now!

KNM overtakes RAM.

This post has been edited by David83: May 4 2009, 04:15 PM

0.645 now. Hot!

Impressive day for KNM. Jumped 7 cents to close at 0.645

My friend told me that he got some insider news that KNM will rise to 0.800

Damn! I didn't trust him.

Last Friday.

Too bad that I didn't buy recently.

Stocks which will be in the news include oil and gas companies due to the surge in crude oil prices.

Meanwhile, Standard Chartered Group Global Research said in a report that Brent crude prices broke above US$55 per barrel (congestion) and US$56.60 (cluster of highs in April) resistance this week, leaving the basing pattern to unfold.

“The rounding base continues to unfold, and clearing the US$55/bbl to US$56.60 area gives the basing pattern much needed confirmation, and targets a move towards US$70-US$71 over the coming months (simple extension pattern).

“The immediate objective is a move to the 23.6% retracement of the drop from the US$147.50 high of July 2008 which comes in at US$62.47.

“Falling trendline support (former resistance) at US$55.30/bbl is expected to prove difficult to break on dips. If this level does give way though then the July contract high of 24 April at US$53.06 will come under pressure, ahead of the USD 49.45/bbl 21 April low in the contract.

“Daily momentum indicators are bullish and support the upside with resistance at US$60.43 (January 2006 high in the July contract) and then US$63.67 (Nov 28 high) worth watching,” it added

From The Edge