Why KNM still under selling presure after quarterly profit announcement?

knm lowest is rm0.07 sen, i cant said will it be good buy now, it shoud consider cheap if compare to high time, but i suppose if economy data get toast next years it will break 0.39.

regard knm fan

actually the price of crude oil is not directly related to og service industry. It only affect the og producer. Exclude the incident in Hamas, things are not going well to all og service because og producer is cutting off oil productions and explorations. Therefore, no business for og service unless they have service contract with the producer. Bad news to og service industry. What we need to focus on is the oil demand not oil price, as long as there are demand, og service industry will flourish and so will the producer. If the oil price goes high because og producer cut oil supply, it is bad to og service.

(O&G = OG)

alot people said KNM are suspicious but i dun know why. i targeting to let go at 0.55 or 0.60 and there will be profit taking tomolo assume . i wish to let go all my stock by next week coz CNY and it may be the ending of bull run (Bear Rally)

Did some research on how the Gaza war affects oil price.

Insightful points from an interview with a seasoned oil trader on CNNMoney's video. Key is whether the war spreads beyond the Israeli border.

Check it out here:-

http://video.aol.com/partner/cnnmoney/gaza...iltrader:122908

good u asked,  I read some of the annual reports from KNM and it seems like a strong fundamental stock to buy ...  consistent high return on equity, ok EPS and PE growth ...

Mind to share more about thier Balance sheet .

Glad to learn somethings from you.

Yes, you are right. RM 1.6 billions for goodwill to take over a small co is a lot.

That could lead to potential investors to mis trust the managements.

No doubt about it.

Rumours has it that the financial report will bear 'surprising' bad news.... insider news kot.... not sure how true is that...

And yes i'm one of those that is stuck with this counter 

I see. Do you think that will result in higher stock price next Mon? 

Ya. A big loss. I rather keep it.

Just wondering, when the selling Qty > buy Qty, what will likely to happen to a stock? 

Type of transaction

Date of change

No of securities

Price Transacted (RM)
Acquired

04/03/2009

1,000,000

Disposed

04/03/2009

7,159,250

Acquired

05/03/2009

1,000,000
y was EPF acquired and disposed at the same time?

u can laugh now.  Next six month, check back this page ok. 

So, did you hold any KNM share now ?

Then, you get the div ?

Pros:
1) New technology is indeed required to keep overall margin and to expand reach.
2) Contracts difficult to fulfil can be sub-contracted out to avoid contractual obligations at minimal or no penalty, or even at a profit
3) Contracts are trickling in since Jan 09 but the pace has slowed by 70%.
4) The slowing of contract is understandable as customers wanted and KNM has done rebidding at lower price, consistent with crisis. Committing too much work at lower price may not be wise as KNM's job can last till Q1 of 2010. Not in desperate mode yet.
5) I estiimate that though overall margin will fall to 8% in 09, from 15%, it is still profitable.
6) Apparently AR from Borsig may be doubtful, and I think some may prove uncollectible like those in other companies' accounts. The quantum though should not be serious and can be made up by future profits and continual negotiation with suppliers.
7) The loan from Maybank is due in 3 years time. If oil industry recovers in 09, KNm may just need some small short term loan to roll over and pay off the loan in 2011. The shortfall should be less than 300m. When things recover, most likely knm will issue convertible bond.
8) Privatisation does KNM no good if the boss's pocket is not deep. The boss' pocket is not deep and therefore could not support the share price. But that does not mean the company's future is all gloomy.
9) The share price has been punished. At 33 sen, it has included the prospect or likelihood of captial restructuring or bankruptcy. It is a bet of either that happens or not. You either lose 33 sen or if things normalise, you will 67sen. The fair value if contracts continue to flow in and oil price stays around RM60 is RM1 a share. When sand oil project is revived, it can go higher to 1.50
10) Lastly, there is no lay-off in the company. People are still working late. Mangement is cost management is good.
11) oil industry like commodity is pro-cyclical. The down swing is not surpursing and neither should any upswing i near future.
12) Don't trade on slim margin. Be patient to buy and sell only at 10% or more gain. Whether contracts will flow in will show if borsig technology can work. Time will tell but buying now is better than buying at 55sen later.
13) if you win money, take me out for tea or sth.