Monday, January 24, 2011

KNM ... Jan11

It has received another four years’ extension until February 2015 for its term loan facility secured from Maybank. The loan’s principal balance outstanding as at Jan 7, 2011 was at RM351.33 million.

The term loan was for the purpose of refinancing the bridging loan that was secured for the high-profile acquisition of German-based Borsig BmbH, which was completed on June 6, 2008.

KNM had on Oct 15, 2008 accepted the three-year term loan facility of €150 million (RM614.4 million) to fully settle the balance bridging loan facility granted by Maybank for the acquisition of Borsig.

The term loan extension should come as a relief to KNM, which has short and long term borrowings of RM1.06 billion as at Sept 30, 2010. Based on its shareholders fund of RM1.76 billion and cash of RM296.29 million, its net gearing is at 0.43 times.

KNM posted a net loss of RM227.02 million in the nine-month period ended Sept 30, 2010 mainly due to a loss on hedge of its investment in foreign subsidiaries. Net operating cash flow from operations was positive at RM19.62 million, but had shrunk from RM298.5 million in the previous corresponding period.

Meanwhile, its cash and cash equivalents had also been reduced to RM296.3 million, from RM571.7 million a year ago.

Nonetheless, it is worth noting that KNM’s job orders are increasing, with the latest win being the RM2.2 billion (£450 million) contract secured from Peterborough Renewable Energy Ltd late 2010. The contract raised its order book to over RM4 billion, its all-time high.

Furthermore, the company is expected to secure some RM3 billion worth of jobs in 2011 from its current RM16 billion tenders.

The extension of loan tenure came as a boon to KNM as it will have more flexibility in terms of cash flow to undertake these new projects.

Industry observers say KNM plans to tap into the potential US$11 billion (RM33.7 billion) worth of local jobs over the next four years, which includes process equipment for enhanced oil recovery projects that would create demand for its process equipment services.

Meanwhile KNM is moving its product mix towards more turnkey contracts, which is understood to have margins in the range of 20% to 30% as there are less competitive pressures. 23% of KNM’s current order book consists of such contracts.

42 comments:

Anonymous said...

buy tramadol online buy tramadol online cheap no prescription - buy tramadol direct

Anonymous said...

generic xanax xanax 1 mg yan etkileri - xanax and alcohol recreationally

Anonymous said...

buy xanax online overnight xanax gg249 - buy xanax online pharmacy no prescription

Anonymous said...

xanax online generic xanax 3 mg - xanax side effects yahoo

Anonymous said...

buy tramadol online tramadol shipped with no prescription - ways get high tramadol

Anonymous said...

buy tramadol online purchase tramadol generic ultram - tramadol 50 mg prospect

Anonymous said...

buy tramadol online tramadol renal dosing - tramadol addiction during pregnancy

Anonymous said...

order tramadol my tramadol addiction - buy generic tramadol no prescription

Anonymous said...

buy tramadol online tramadol 25mg - tramadol dosage for 20 lb. dog

Anonymous said...

buy tramadol online ez tramadol order status - tramadol 319 high

Anonymous said...

order xanax no prescription qualitest 2mg xanax - alprazolam 0.5mg effects

Anonymous said...

tramadol 100mg tramadol buy online usa - tramadol for dogs online

Anonymous said...

buy tramadol online tramadol 50mg slow release - buy tramadol overnight shipping

Anonymous said...

buy xanax bars online no prescription xanax pills high - can you buy xanax thailand

Anonymous said...

buy tramadol online taking 2 50mg tramadol - tramadol 50 mg narcotic

Anonymous said...

cheap xanax no prescription xanax schedule 1 drug - buy xanax online from india

Anonymous said...

buy tramadol online buy tramadol online free shipping - tramadol for dogs cost

Anonymous said...

buy tramadol online tramadol hcl opiate - buy tramadol overnight cod

Anonymous said...

buy tramadol online tramadol hcl 50 mg is it a narcotic - tramadol cod

Anonymous said...

order tadalafil buy cialis at walmart - cialis online rezeptfrei kaufen

Anonymous said...

xanax online xanax dosage low - xanax recreational dose

Anonymous said...

buy cialis online cheap cialis for sale - cialis soft

Anonymous said...

xanax online xanax bars lil wyte - xanax high much

Anonymous said...

alprazolam drug generic xanax cost - xanax 0 5 mg alprazolam

Anonymous said...

xanax order no prescription xanax 1 mg daily - xanax online no prescription paypal

Anonymous said...

buy tramadol legal buy tramadol online usa - tramadol 50 mg use dogs

Anonymous said...

learn how to buy tramdadol tramadol hcl generic ultram - tramadol withdrawal no energy

Anonymous said...

order tramadol online without prescription tramadol 50mg hcl - tramadol 50mg vs lortab

Anonymous said...

buy tramadol online buy tramadol direct - tramadol high tolerance

Anonymous said...

http://blog.dawn.com/dblog/buy/#41639 tramadol generic walmart - tramadol gabapentin interaction

Anonymous said...

http://buytramadolonlinecool.com/#30807 ultram side effects withdrawal - order tramadol money order

Anonymous said...

buy tramadol cheap buy tramadol health solutions network - buy tramadol online us pharmacy

Anonymous said...

buy tramadol online reviews tramadol causes high blood pressure - cheap tramadol no prescription needed

Anonymous said...

buy tramadol buy tramadol from usa - tramadol discount card

Anonymous said...

tramadol generic tramadol hcl 50 mg tablet r&s - buy tramadol online new zealand

Anonymous said...

buy tramadol best place order tramadol online - tramadol dosage 100 pound dog

Anonymous said...

http://ranchodelastortugas.com/#50238 long does 1mg xanax stay urine - xanax pills what do they look like

Anonymous said...

buy tramadol online tramadol withdrawal symptoms how long - tramadol side effects 50mg

Anonymous said...

http://bayshorechryslerjeep.com/#8193 generic xanax good xanax - xanax side effects drugs.com

Anonymous said...

It's amazing in support of me to have a web page, which is valuable in favor of my knowledge. thanks admin

my webpage :: payday loans

Anonymous said...

Prеtty nіce post. I just stumblеd upon уouг weblog anԁ wіshed tο say that I havе truly enjoyed suгfing аrounԁ your blog posts.
After all I ωill bе ѕubsсribing tο your feed and I
hοpe yоu wгite again veгy sοon!


My blοg - payday loans

Anonymous said...

Hey theге, You have ԁοne a great jоb.
I'll definitely digg it and personally suggest to my friends. I am confident they'll be benefited from thiѕ sitе.


My web ѕite; payday loans