malaysiakuLembaga tabung haji, nampaknya mereka minat sungguh kat saham E&O...sudah beberapa kali "acquired" saham E&O.....Pastinya ada wow factor yang menyebabkan mereka giat membeli saham E&O, walaupun nilai saham ini mengalami sedikit kejatuhan.....
malaysiakumemang E&O adalah "lousy counter".........tengok dividen chart, kalau setakat mampu bayar 2 sen seunit per share pada tahun 1016 dan tak konsisten, memang rasanya E&O perlu ada rombakkan dari pihak lembaga pengurusan...mungkin MD yang baru masih blur sotong....pasaran harta tanah masih tak menentu ekoran ekonomi semasa...
cheeseburgerRead the write up --> STP2A project cost is already RM1.8billion , if borrowing at 70% and 5% interest, the interest cost would be RM63mil per year. This interest cost is more than projected earning for the next coming 3 years.
TotokTomolo drop again. Totok predict company wrap up
enid888STP2 is a gold mine for E&O to mine the gold for many years to come. However, they need to get a strategic partner possibly a strong Chinese company to work together by selling certain portion of land to them. The proceeds can be used to partly fund the cost of reclamation. It also can speed up the future development of the vast reclaimed land and at the same time market the residential and commercial properties in China.
enid888It is possible that CCCC who reclaims the islands in STP2 take up some shares in the project.
wonderPossible, but the land valuation for the deal is the essence. If they manage to negotiate anything above RM300/sq ft then i believe it will be a boost to E&O's share price
enid888The land in the nearby area is trading at around RM800 to RM1000 per sq ft. I would see the strategic investor may have top pay between RM400 to RM600 per sq ft. If E&O can sell at this price, it will be very profitable because its cost is around RM150 per sq ft.
homeyE&O C5 high volume today. The only warrant available. Looks like its going to go up!
enid888It used to be quite busy here but now it is so quiet. I believed many have already sold off their holdings after the shares dropped from RM2.60 to RM1.40. Dropped almost 46% before it started to improve recently.
RVI123Fundamentally sound company. STP2 project will bring in lots of profit. The land is very prime and measures 760 acres (not 7.6 acres). The land in surrounding area is transacting at RM1,000 / sq. ft currently.
enid888Seri Tanjung Pinang 2 reclamation project is progressing well. The outline of the STP2 phase 1 can be seen clearly from the sky. The strategic development partner is under negotiation now and the first development will be launched in 2018.
enid888After consolidation for 10 days, E&O is moving again today. RM1.81 now. Slowly moving towards its intrinsic real value.
enid888Just see how quiet is this thread. That means not many retail investors are involved. Price has moved up to RM1.87 without much retail participation. Purely rising because of fundamentals and future prospect of STP2.
griezmanngiven the movement, surely something is brewing...
enid888Dusti, it takes another 1.5 years for first island of the reclamation to be completed and another 2 years to reclaim the second island. In total, the company needs 3.5 years to realise its values.
wonderCatalyst 1. CCCC investment in STP2 Catalyst 2. Sime Darby further divestment of 10% to Tham and associates Catalyst 3. Weakholders washed out nicely around RM1.4-1.5
ks55_Everyday buy back so little shares. Brokerage FOC? What a stupid company.
wonderIt cannot be stupid just because you cant think of the reason. Anyway if u follow the company well, you would know the reason for the odd lot buyback. I will assume you are just a passerby who dont own a single shareand thus did not follow the company's update well =)
FaithTraderhi...all Sifu....I am stuck with odd lots. kindly advice on how to go about disposing this odd lots...wud the brokerage fee remains or otherwise...kindly share
enid888After few days of consolidation, E&O is moving again. RM1.92 now.