Moppy Jumping into V49~~~~

everywhere is deep red... die loh~~~

KUALA LUMPUR (Dow Jones)--KNM Group Bhd. (7164.KU) said Thursday that it has received a buyout offer of 90 sen a share from a company controlled by its managing director and founding shareholder, Lee Swee Eng.

The offer is at a 20% premium to KNM shares' closing price of 75 sen.

The maker of process equipment for the oil and gas industry said in a stock exchange filing that BlueFire Capital Group Ltd., an entity controlled by Lee, plans to acquire KNM's entire business and undertakings.

KNM said the proposal is subject to "satisfactory completion of due diligence, receipt of firm financing commitments, and negotiation and execution of definitive documentation."

BlueFire has been granted a limited exclusivity period up to March 22 to complete its due diligence and satisfy the other conditions, the company said.

BlueFire is acting in collaboration with GS Capital Partners VI Fund L.P and Mettiz Capital Ltd. and the international adviser on the deal is Goldman Sachs (Singapore) Pte., KNM said

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OMGOMGOMG~~ KNM BIG news !!!!!~~~ tomorrow KNM will hit 0.90 in no time!!!!!! KNM's CNY ang pow ?

Congrats to anyone who bought KNM Below 0.90!!!!! anyone bought today will auto untung 15cents... wahhhhh
No chance to goreng already... will probably open 0.895 cents tomorrow morning...

This post has been edited by mopster: Feb 4 2010, 07:28 PM

lolol, since KNM is going private already... it can be removed from my Favorite list for good... hahaha
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Now ppl start to goreng Affin because Eoncap Acuquisition failed....
can join in the fun.. then sell on news when they publicly deny any acquisitions... too bad i no cash liao....

This post has been edited by mopster: Feb 4 2010, 08:20 PM

if ECB bails them, i suppose EURO will fall right ? hehehe maybe can buy some Euro liao...

Uncle Down Jones falls to -86 after Jobless Claims increased 8,000 instead of decreasing 10,000 as expected.... Friday Bloodbath~~~
hmmm nowadays so often bloodbath~~

hmm talking about KNM... i had a look on KNM's babies...

I dont know whether IBs who offered CWs will adjust the Exercise price or ratio since KNM made the announcement.. I hope yes.. coz if not... many ppl will get burned...

here are my findings:

KNM-CB
Last Traded: 0.065
Exercise Price: 0.85
Exercise Ratio: 2:1

Lowest Since Listing: 0.055
CB price to exercise at 90c: 0.025

Potential losses if you bought at lowest: 54.5%

KNM-CC
Last Traded: 0.095
Exercise Price: 0.75
Exercise Ratio: 2:1

Lowest Since Listing: 0.09
CC price to exercise at 90c: 0.075

Potential losses if you bought at lowest: 16.7%

KNM-CD
Last Traded: 0.095
Exercise Price: 0.80
Exercise Ratio: 1:1

Lowest Since Listing: 0.185
CD price to exercise at 90c: 0.10

Potential losses if you bought at lowest: 45.9%

KNM-HA
Put warrant... I dunno how to count gain/loss

*All the babies should still be alive when the privatisation exercise finishes
*I apologize first if my calculations are wrong.. i'm newbie
*While mothershare holders are rejoicing, warrant holders are shivering now...

while i was typing this post... DJ sank from 130 to now 160... ~ sigh ~ tolong tolong chiang ~ tolong tolong chiang ~

This post has been edited by mopster: Feb 4 2010, 11:36 PM

wow... then sure massacre liao...

lol if DJ breaks 10k tonight, tomorrow will Asia's Black Friday....

This post has been edited by mopster: Feb 4 2010, 11:24 PM

ahh interesting~~ so there is a glimmer of hope there... but again, IB sure take advantage and press warrant holders....
wahh excited to see what happens to KNM tomorrow... mother up up up babies down down down...

tomorrow he will continue to dive in his red underwear~~ DJ almost -200~~~~ 78points more to break 10k....

i suspect tomorrow night's Employment number will be ugly~~~~

Gohan posted on Latexx thread that Latexx report will be out tomorrow~~ hope it will rally rubber gang a bit...
grrr... still waiting for superman's report~!~! my last bullet reserved for superman below 5.00 tomorrow...

This post has been edited by mopster: Feb 5 2010, 12:09 AM

OMG OMG.... Dow - 268,,,,, and DMC said it even touched 9999 briefly

pana-chan angry liao~~~ stay cool la~~... i heard report is gonna be out very soon and it is good

my last bullet~~ Q at 4.92.... using it to shoot superman rather than shooting myself in the head.. hahaha

CIMB touched SMA(100) @ 12.50!! i draw using yahoo finance
BURSA coming to SMA200 @ 7.63!!

can buy cheap blue chip liao~~...


This post has been edited by mopster: Feb 5 2010, 12:18 PM

when the tiger goes technical:

looks like KPJ already hit bottom at 2.20...
hmm TM why never fall... i'm waiting at 3.09...

This post has been edited by mopster: Feb 5 2010, 03:02 PM

i've been chasing KPJ since it was 4.50 until today also havent got a share... harder than chasing girls la....

uhh is it just me over sensitive or dumping is more intense now ???
prolly because of Aussie sovereign debt thing ?

XDL hit new low~~~ come play dice with pirates win liao got treasure chest...
lose liao will get fed to sharks..
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hmm supermx recovering... my queue at 4.99 never matched.... oh well.. buy on monday then...

This post has been edited by mopster: Feb 5 2010, 03:25 PM

Taikor bank koyak already~~~ break SMA-100.... SMA-200 is 10.95 ... i dun think can reach...
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Buying Medical Gloves counter is worse than getting pushed into operation theater.....

This post has been edited by mopster: Feb 5 2010, 04:04 PM

i think at least 50% of tonight's bad news already priced in....

ppl can estimate the employment situation from the Jobless claims Moving average, ADP employment, Monster, and bla bla employment numbers...

but knowing how Uncle Dow can con ppl... I wont be surprised to see DJ green tonight.. Dead Cat Bounce.. now i know what is "dead cat bounce"... haha

lolol Tan Sri Vincent Tan teasing ppl... make Bjtoto Green...