Prediction:
November-December 2011 >> EGM to be held somewhere around mid- of Nov to mid- of Dec 2011.
January-February 2012 >> Distribution (cash back) to all the shareholder >> BIG BIG ANGPOW!!!!

CK>> Still waiting for the announcement. ENG closed at 2.05 today, but from the buyer and seller's top 5 queue prices, you may notice that sellers are getting lesser and lesser. Hence, the seller price are getting higher and higher. This is a good sign as the share price will be strongly underpinned by buyers provided there is no panic selling from retail investors once again.











CK>> I believe ENG's share price can be easily pushed up to 2.20-2.30 level once the catalyst news is announced. Hardly find any seller who is willing to dispose ENG at a price below 3. There was a seller who was queuing up to sell at 2.08 today. Good!

















If you are interested on ENG's substantial shareholder analysis, you may visit my previous post here: ENG's Shareholder Analysis (with 5 sec ads, after that click "SKIP AD" to view the blog).