KNM, SAPCRES

7164 KNM KNM GROUP BHD
PROPOSED ACQUISITION

KNM GROUP BERHAD (KNM OR COMPANY) - PROPOSED ACQUISITION OF THE ENTIRE BUSINESS

AND UNDERTAKINGS OF THE COMPANY (PROPOSED ACQUISITION)

Further to the Companys announcements dated 4 February 2010 and 22 March 2010
in relation to the above, the Board of Directors of KNM wishes to announce that
after due deliberation, the Company and BlueFire Capital Group Ltd (BlueFire), including its partners GS Capital Partners VI Fund L.P and Mettiz Capital Limited, are unable to reach an agreement on the pricing of the Proposed Acquisition. Hence, the parties have mutually agreed that the proposal made by BlueFire on 4 February 2010 has lapsed.This announcement is dated 14 April 2010.
14/04/2010 05:30 PM

KNM is trading at its lowest since May last year. Of the seven research houses covering KNM, three have a Sell call (target prices range from 59 sen to 68 sen), two Hold (target prices 60 sen and 72 sen), one underperform (75 sen) and one fully valued (65 sen).
 
Expect Friday to continue sell down the stock, the panic seller will make the price lower and lower. Observe the strength of the bear for today and is time to accumulate at discounted price. Sooner or later, believe that another acquisition will come. Will buy some if the price at 60 cent today.
 
Sapcres (8575) - Down another 2.13% on Thursday, closed at 2.30, with RSI at 39 now. Accu/ Dist going lower. If the price cross the 2.26 level the bearish will continue, support line.