| KLSE : E&O || || EASTERN & ORIENTAL BHD |
|Last Price ||Today's Change || Day's Range || Trading Volume |
|1.67 || -0.01 (0.60%) || 1.67 - 1.68 || 748,300 |
|Avg Volume (4 weeks):||556,600|
|4 Weeks Range:||1.66 - 1.73|
|52 Weeks Range:||1.38 - 1.86|
|Average Price Target:||1.72|
|Price Target Upside/Downside:||+0.05|
| View Price Target Detail |
Parkson Brexit confirmed and E&O has London property so how?
Parkson Why no answer?
Posted by Parkson > Jun 24, 2016 02:23 PM | Report Abuse X
Brexit confirmed and E&O has London property so how?
Parkson E&O shares buy back 898 shares a day using RM 1509.06. Why buy so little? No money? Compare with Parkson 375,000 shares buy back despite only 82.5 sen.
Parkson Affin Hwang Capital points out that market uncertainties due to Brexit concerns have delayed E&O’s plan to list its UK operation on the AIM market as potential investors are cautious on new initial public offerings.
“The translation of its £54.5mil loan to its UK subsidiary into ringgit could lead to unrealised foreign exchange (forex) loss of about RM47mil in the fourth quarter of 2016, based on our estimate.”
JokerFace 1) We had invested into London early on before property prices rose sharply there and the Ringgit to Sterling pound average exchange rate was lower than today.
(2) Our bank borrowings are conservative with a low Loan to Value ratio.
(3) Our properties are located in prime locations that remain very much in demand with positive sales prospects.
Brexit would not have any negative impact on the total net realisable value (total value of properties less total bank borrowings) of our properties in the UK.
This announcement is dated 29 June 2016.
blueberg Nice closing price.
RVI123 Greegreegree if really privatise at 2.30, what will happen to the warrant? The conversion is RM2.60.
RVI123 Terry Tham recently bought at RM2.60 from Sime Darby.
griezmann RNAV 4.50 and they tried to do it last round. hopefully this time can happen...
thenewbee ? can somebody explains what happened to this counter? why the price shoot up suddenly? sifu sifu
JokerFace sure boh got buy out?
JokerFace Something happening...
JokerFace Yesterday 8 Million shares volume
enid888 jlh14 had hinted on a corporate development coming few months ago. Is this the time for it to materialise?
leelc99 CHAN KOK LEONG:
2,863,548 shares. Price 1.763.
JokerFace he send off day mah. Now TF Chong lor. Am MD
confuse Dividend only 2 sen why can chase?
JokerFace Mama says got buyers woh
confuse Property market slowdown and loss QR why can still high price?
Charlenechew because mama say so lor. Correct ah Jokerface?
drakoryn All Orientals are Eastern but not all Easterns are Oriental. Think about it....
HowAh Momentum stock what happened lah?
thenewbee gg i put so much money in this counter
CUTLOSS You are right.
PitBulL Cut loss
CUTLOSS Why loss QR RM 1.70? RM 1-1.2 or wait Aug QR first.
CUTLOSS EPF, Tabung Haji don't gamble our hard earned money on loss QR like E&O. Property sector is having slowdown and won't recover so fast.
thenewbee ya lo should i sell it
HowAh Sigh..... Eeeeeoooooor
HowAh Bloody donkey stock
Charlenechew dieted again....luckily change to Gkent
PenguinDad Doing the buy-back again.
HowAh Look like can go wor
HowAh Omg result not good
sell Profit reduce a lot. Better sell and wait RM 1.30.
property Tropicana is cheaper and better FA(EPS 2.3 sen).
Charlenechew So quiet here. Kok Tuck Cheong where? Why no move one the share?
k55s Property business profit announcement can be misleading - Koon Yew Yin
k55s Debts escalating why keep?
Houyeh New md also no use. Soon like dropicana