MD to buy up KNM

[new_shaun]

Let's wait for tomorrow anyway thanks...want to ZZZZ...nitez

[richard]

Tomorrow discharge day.

[vunkhaiyan]

e.g: i buy 0.93..and Mr.lee buy from with the price 0.90.....then i will loss 0.03......what if i dun want to sell can he offer me a higher price may be 1.00

[mohdnizamabdul]

so mean we have to wait tomorow price???

[Richard188 - 2012 Stock Investment & Contra Earn Rm 4,650.05]

BUY HIGH AND HIGHER AND WAITS ...........................WAITING TO SALE LOW AND LOWER.

KNM MD SAID :- THANKS YOU VERY MUCH. THANKS YOU ALL YOUR SUPPORT...

[Mohseen]

everybody is counting their chicken now!! hahaha 

[DR KIM]

some are SHIVERINGGGGGGGGGGGGGGGGG  now  as dow to start CRASHINGGGGGGGGG 

[Richard188 - 2012 Stock Investment & Contra Earn Rm 4,650.05]

everybody is counting their chicken now!! hahaha 

If tommorrow FBMKLCI break 1257 Go After the Bear Sale/Short FKLI . (1 short can kill two bear)

[flakgun20]

Dr.Kim, is normal. Don't worry, when u masturbate and your smelly sperm come out then u will shivering.

[bluecoat]

i am holiding knm -cb .. dun know will affect not

[Mr. Hunter]

join me to buy more. this will be your ang pow...  join my ship

[Mohseen]

wallaapppppppppppppppppppp into my custody!!! 

[Heng Kai Ting]

Will MD park at 85sen and keep on throwing the shares  

Then the MD will buy back at 70sen plus  

Most likely will open 85sen and then down all the way to 78sen  

Offered to buy and it will take months for the deal to get done  

Contra players will be slaughtered T-4  

KNM opened 85sen and then down all the way 

[Sentra]

KNM opened 85sen and then down all the way 

With this gap jump opening....almost no gap for T+3 player can get gain....those who bot today most likely have to keep their share all the way till privatised.....if this privatisation call off eventually KNM share price will have earthquake.....

[uyafr]

With this gap jump opening....almost no gap for T+3 player can get gain....those who bot today most likely have to keep their share all the way till privatised.....if this privatisation call off eventually KNM share price will have earthquake.....

there wont be any privatisation, simply because he can't afford it.

[Sentra]

there wont be any privatisation, simply because he can't afford it.

I agreed. Probably this is a bear trap....

[bluecoat]

what is mean privatization ?
is it means still listed in bursa ?

is it privatization is good for buyer ?
it will increse the share price cause by privatization ??

[jojo]

privatization means...the company is no longer public-listed...so the stk listing status will be null and void !!!!!!

[Heng Kai Ting]

there wont be any privatisation, simply because he can't afford it.

The MD made a few million bucks this morning  

He will buy back later at 70sen plus  

Those who sold this morning  

Those who bought this morning  

[DR KIM]

further wallap  lorrrrrrr into our  custody  !!.....

cheap call warrant  KNM-WB worth punting ...better than pricey bulucheat !!

[Mohseen]

The MD made a few million bucks this morning  

He will buy back later at 70sen plus  

Those who sold this morning  

Those who bought this morning  

hahaha, agree with u, china man will do anything as long as money is there!! 

[bluecoat]

privatization means...the company is no longer public-listed...so the stk listing status will be null and void !!!!!!

no longer public listed means will delisted from bursa ?
them y b4 privatization. the stock is so high volume ?

[BenjaminButton]

To those who bought it during the 70+ cents, please sell and make your profit !!!
 

[Heng Kai Ting]

The volume of KNM alone (142 million shares) exceeded 15% of the total market shares done today and with

the MD holding about 23.6% of KNM shares, did he sell 100 million shares  

How many millions did he make when the index down about 17 points  

[uyafr]

what is mean privatization ?
is it means still listed in bursa ?

is it privatization is good for buyer ?
it will increse the share price cause by privatization ??

the person who wants to take a listed company private have to buy up all the shares from the market, he only have 20% plus of KNM shares, means he needs to buy more than 70% of KNM shares to take it private, KNM has total of 4 billion shares. If he offer 90sen for each share, how many billions does he need to come out with ? Where is he going to get so much money from ?

[Richard188 - 2012 Stock Investment & Contra Earn Rm 4,650.05]

the person who wants to take a listed company private have to buy up all the shares from the market, he only have 20% plus of KNM shares, means he needs to buy more than 70% of KNM shares to take it private, KNM has total of 4 billion shares. If he offer 90sen for each share, how many billions does he need to come out with ? Where is he going to get so much money from ?

Good Question. 

[Ethan]

the exercise advised by Goldman Sach, Fund ofcoz will arrange by Goldman Sach.

Cant u guy look at things positive a bit?

[new_shaun]

I din't manage to sell today NOW PRAY PRAY!!!!! DINT HAVE TIME TO FOLLOW....knm HELP!~

[new_shaun]

the exercise advised by Goldman Sach, Fund ofcoz will arrange by Goldman Sach.

Cant u guy look at things positive a bit?

So Ethan, u think they will go private? or just a talk cock?

[Ethan]

ya i think they wil go private.

[Nanzhan]

I agree.  It can be taken private.  The MD is not people like Vincent Tan.  He is known to be a no nonsence person.  He is so lucky that still got so many people sell to him at 81-83cents. 

[tcc1943]

takeover at 90cent so that means the market share price will never exceed RM0.90 lo? is this deduction correct?

[BenjaminButton]

1. If it happens, It will take months if not year.
2. need to have other major shareholders to agree
3. may spike up to 86 cents (giving around 5% premium 'hope' to buyer)
4. may be cancelled off like some of those buyout call by so-so businessman.

[jojo]

I agree.  It can be taken private.  The MD is not people like Vincent Tan.  He is known to be a no nonsence person.  He is so lucky that still got so many people sell to him at 81-83cents. 

OSK said Lee had earlier voiced his intention in taking the company private once he found a buyer for it and it is possible that there is currently another potential buyer in the pipeline.

"Hence, we suspect he may be taking this opportunity to buy back the business at an attractive price, especially with the expected depressed performance in the coming quarters, with the possibility of selling it to other potential buyers at a higher price in future," OSK said.

[jojo]

OSK Research said Lee offer price is close to its target price on the company of 93 sen per share, based on a PER of 12 times financial year 2010-earnings per share (EPS).

[mohdnizamabdul]

lucky not que for 88 sen yesterday....huhu...fuhh....but hope monday can up to 88 sen....seem to sapu nxt week....Dow Jone Green and S&P also green....giving hope....pray and pray.....

[Nanzhan]

OSK said Lee had earlier voiced his intention in taking the company private once he found a buyer for it and it is possible that there is currently another potential buyer in the pipeline.

"Hence, we suspect he may be taking this opportunity to buy back the business at an attractive price, especially with the expected depressed performance in the coming quarters, with the possibility of selling it to other potential buyers at a higher price in future," OSK said.

This sounds like what Ananda Krishnan did to Maxis 2/3 years ago.  Ananda found Arabian company who wants to buy 15% of Maxis.  Then, he gave just 15% premium over the price of Maxis the day b4 his announcement of privatisation.  Two weeks after he finished the whole process of privatisation, he announced of the buyer from Middle East's intention when Maxis is no longer in KLSE.  He earn a whopping few billions ringgit just in 2 weeks.  The premium is just 15%.  The Maxis he listed right now is just consisting of local business.  

            Now, the retail shareholder of KNM is telling Mr Lee that he gave too much premium at 90cents.  

[Nanzhan]

takeover at 90cent so that means the market share price will never exceed RM0.90 lo? is this deduction correct?

Yes, it should have been.  However, the retail investors seemed to have panicked due to general correction on KLSE, started 2 weeks ago.  Therefore, the announcement of privatisation only managed to dragged the share price higher at 10%.

[Salahdin]

OSK Research said Lee offer price is close to its target price on the company of 93 sen per share, based on a PER of 12 times financial year 2010-earnings per share (EPS).

It is the low PE of KNM that attract me to the share at the first place.  I went in when the PE was around 8.  However, I hold KNM in intention to sell when it reaches 83-85cents but the privatisation proposal came in as surprise.  At the moment, the general market sentiments won't affect it so much.  So, will keep collecting if it touch 80cents.  

[bluecoat]

I agree.  It can be taken private.  The MD is not people like Vincent Tan.  He is known to be a no nonsence person.  He is so lucky that still got so many people sell to him at 81-83cents. 

that means after sell , only MD is buy only ?
them as a investor cannot buy knm again due to u sell DM buy

[bb]

KNM hit a bad patch the last 2 years.  Its big acquisition of Borsig coincided with the world market crash.  Its revenue, earnings and its share price fell too.  Its debts ballooned. 

Yet, the offer to take this company private surprised the market.  It was announced on Friday when the market sentiment was decidedly poor. 

At 90c per share, what should those holding the shares do?  Many investors will be happy to cash out higher than what the market has been offering recently.  Others may not.. they feel that this price has not priced in the future prospects of this company.  This sector is cyclical and will recover.

There is also the theoretical risk that Mr. Lee may not be able to raise the required huge funds to take this company private.  We will need more details of the whole exercise.

[Richard188 - 2012 Stock Investment & Contra Earn Rm 4,650.05]

Lee's offer for KNM: Funding may still be an issue


THE market in general thinks KNM Bhd's (7164) founder, Lee Swee Eng, made a "fair" offer to buy over the company, but most say like in the past, his stumbling block may still be funding.

Lee made a RM3.6 billion offer on Thursday for KNM, or about 90 sen a share.

Analysts said they were not shocked with Lee's offer, given that he had previously made the same move, only to be frustrated with the lack of available fund.

While there is a possibility that KNM's share price could move towards the purchase price of 90 sen per share following the announcement on Thursday, AmResearch said it is uncertain that this offer will be realised.
 
The process equipment maker has received a proposal from BlueFire Capital Group Ltd, which is controlled by Lee who owns a 24 per cent stake in KNM, to buy all of its business and undertakings for 90 sen per share.

AmResearch said in the past, Lee had mentioned that he was willing to privatise KNM if financial institutions supported him.

"Even so, we are surprised by this latest development. We spoke to KNM's management and they seemed as surprised as us," AmResearch said.

It said the offer price looks fair, 10 per cent above fair value of 82 sen per share and 20 per cent above Thursday's closing price.

"So pending further details on the offer, we maintain a 'hold' call on KNM with an unchanged fair value of 82 sen per share, pegged to a financial year 2010 price-earnings ratio (PER) of 13 times - a 7 per cent discount to KNM's three year average PER of 14 times," AmResearch said.

OSK Research said Lee offer price is close to its target price on the company of 93 sen per share, based on a PER of 12 times financial year 2010-earnings per share (EPS).

At the current price of 75 sen, OSK said KNM is trading close to a PE ratio of 10 times financial year 2010 EPS, with is in line with the oil and gas sector average.

"Nevertheless, we believe KNM deserves to trade at a higher PER valuation compared to its peers given its diversified global market presence and product lines, which would significantly reduce its reliance on a single customer," OSK said.

With Lee only formally controlling 25.35 per cent of the company, OSK said he would need to fork out RM2.7 billion to buy over the balance 74.65 per cent not owned by him.

"We are unaware of his private financial position but we understand from the Bursa announcement that this proposal will be subject to his receiving firm financing commitments, besides completing a satisfactory due diligence," OSK said

[Heng Kai Ting]

Will MD park at 85sen and keep on throwing the shares  

Then the MD will buy back at 70sen plus  

Most likely will open 85sen and then down all the way to 78sen  

Offered to buy and it will take months for the deal to get done  

Contra players will be slaughtered T-4  

KNM opened 85sen on Friday 

Today T-1 and closed 78.5sen 

Tomorrow, T-2 going further south 

T-3 down some more 

T-4 forced sell and the contra payers will be slaughtered 

Then the MD will be buying back at 70sen plus 

MD will say in his heart - how easy to earn a few millions 

MD could have bought exceeding 33% shares to trigger MGO but no money 

MD lied before and when he lied again, idiots believed him and enriching the liar 

CONDOLENCES TO THE FALLEN COMRADES 

[sohkeong]

expected... a trap to make money..yes, dont be greedy.. take profit 1st.. if not when u wanna cabut , too late d.. all the big plaYERS already finished dumping their share and let the contra players die ..

[uyafr]

I hope none of our forumer fall for that trick.

[Mohseen]

if not run sure mati, hv to wait for many moons to recover to your purchase price. 

[KL888]

the person who wants to take a listed company private have to buy up all the shares from the market, he only have 20% plus of KNM shares, means he needs to buy more than 70% of KNM shares to take it private, KNM has total of 4 billion shares. If he offer 90sen for each share, how many billions does he need to come out with ? Where is he going to get so much money from ?

Last time he said he cannot afford it....... But today he said he can...... Ka ka ka.... Funny.....

[Ethan]

Last time he said he cannot afford it....... But today he said he can...... Ka ka ka.... Funny.....

Uyarf talking, bend can become straight.

Yet he ask all too get lost, uyarf boss here ah, damn!

[KL888]

Nah...... U see..... Sometime he is white, sometime he is black, sometime straight, sometime bend.......

[uyafr]

the person who wants to take a listed company private have to buy up all the shares from the market, he only have 20% plus of KNM shares, means he needs to buy more than 70% of KNM shares to take it private, KNM has total of 4 billion shares. If he offer 90sen for each share, how many billions does he need to come out with ? Where is he going to get so much money from ?

I already say he has no money to take the company private back then, true enough they admited now that he cant get funding to take it private at 90sen. What if he try again at 70sen ? At 70 sen and an improved book order ... possibility is there. Even if he lied again, many people might still fall for it... just like when people fall for it when he talk about GO at 90sen.