good day everybody.


anyone's been watching this blue chip counter with market cap of more than 2billion ringgit free falling from RM2.20-2.30 a couple of months back to RM0.4x yesterday?

from maybank database, it shows that

latest quarter(2Q) earning is at 9.07 cents while,
first half(1H) earning is at 14.18 cents

if we take the 1H multiple by two to get estimated full year EPS of 28cents. this counter is barely trading at 2.x EPS.

at the current price of 60cents, its a real steal isn't it?

Today's Bizweek article in TheStar about KNM
http://biz.thestar.com.my/bizweek/story.as...732&sec=bizweek

most parties are so positive about the company but the share price is showing otherwise.

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

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

i dont think market is anywhere near bottom yet.
still a long way to go, sit tight for the bumpy ride ahead.

better aim for short term swing.