Kenmark's Printing Business Resumes And Shares Soars!

Kenmark the company said:

• Kenmark wishes to inform that the printing division has resumed its operation and would start to deliver the uncompleted orders. The other business divisions located at Port Klang namely wood division, plastic and mould division have completed all outstanding orders and the Company is now pursuing new work orders from the existing and potential new customers.

So their printing division has resumed its operation and would start to deliver the uncompleted orders.

This must be such a positive news as the share is now soaring by some 53.8%!!!

Yeah, Kenmark is now trading at 10 sen.

LOL!

I mean, it's printing division is now only doing its uncompleted orders. What's next? Given what has happened, with the disruption in its printing, would Kenmark being able to secure new orders?

And how big is the Kenmark's printing business? Yeah what potential does it have?

On July 8th 2010, Update Of Kenmark's Status Of Business

From Kenmark's own words:

• b. Printing Division - Most of the important parts from the machinery have been located and is awaiting installation. We have successfully negotiated with the machine repairers to commence repairs and subsequently conduct a test run of the machinery. The Company has a limited stock of raw materials for production and will need to purchase new raw materials to meet future orders. Some of our local suppliers had indicated their willingness to continue supplying the Company with raw materials subject to payments made to overdue accounts. As some raw materials are imported from Thailand, Taiwan and Europe, the Company would need to raise funds and/or secure trade financing to secure these raw materials for future orders. The average sales for the Printing Division is RM800,000 per month and in light of the recent developments, most of our customers have switched their orders to other manufacturers. The Management of the Company is now attempting to persuade these customers to place orders with the Company and we expect 20% of the orders to return. On the manpower front, 67 of the 125 employees previously employed had returned to work with the Company.

Two key points:

1. Average sales for its Printing Division is only rm 800,000 per month!
2. Most of our customers have switched their orders to other manufacturers!

And the stock is soaring like crazy!

LOL!

Life is good!

Another white knight coming?

Hmmm...

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