but @ what price they determine the value?

They can come out whatever price they wish.

Just if too low, it won't able to do so (to take it private), as existing shareholders might not agree to sell.

okay, understood.

Last time Magnum was @ 2.xx. looks like 2 years average..

* as long as higher than my entry price, I'm happy

Transmile wasnt rubbish until the revealing of its accounting scandal

if not DHL wouldnt have cooperated with them.

it will cost some money..... and at the current situation, those minority shareholders who bought KNM at RM2.xx and still holding it will pray hard that it wont be privatised.


ouch....

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Added on October 20, 2008, 7:51 pmi jst read something about these privatisation stuff, if the minority shareholders dont agree to sell, they can still privatise the company right? those who dont agree to sell will be holding on to a stake of a private company, am i right?

This post has been edited by beginner: Oct 20 2008, 07:51 PM

No, it cannot be done on listed company.

Once they reached over 90%, they have to mandatory to take over the remaining 10%, disregard of the 10% agree or not, this is to protect minority shareholders.

It doesn't make sense for minority shareholders to dispose or sell if the company indeed will be successful being privatised as minority shareholder in non-listed company might not be taken care at all by the majority shareholder, as a non-listed company major shareholder can do whatever they wish on the company which doesn't need to follow SC guidelines and regulations anymore.

so what happens if the minority 10% cant agree with the price?

Once they reached over 90%, 10% will be forced to sell as said.

Unless it is fall short of 90%, then it depends on situation and how they carry out the deal or whether they will try to maintain the listing status or not.

This post has been edited by cherroy: Oct 21 2008, 04:17 PM

Just to add, It is call MGO = Mandatory General Offer
See the Mandatory there

KNM slides again today ... morning session ended at 0.51

What is this all about? From the New Straight Times online : http://www.btimes.com.my/Friday/Latest/Reknm.xml

Good time to buy their shares?

This post has been edited by kmarc: Oct 24 2008, 12:48 PM

u would never know until u r deep fried. Target price remain unchanged 0.35.

This post has been edited by Singh_Kalan: Oct 25 2008, 12:36 PM

margin call by bank

It's below 50 cents now (0.480).

30 OCT - KNM 0.585 !

Just a temporary ?

the lowest is 0.41 ! so will it back to 0.41 ?

any idea ?

KNM lowest is 0.390 and it happened on 16-Oct-08.

I have monitoring for few weeks, now is a right time to get in.
any idea guy ? please check the previous result !

KNM loses its attractiveness this morning.

KNM overtakes again. Today's high at 0.715!

base on the graph is a repaet graph that going downward but then for short term will be fine for 1 or 2 days more

0.735 is new high. Speculation? China factor? Volume is 300k.