I also have just sold 50%, but Q to buy again at lower price if there are seller(s). Current quarter result is not convincing.

https://klse.i3investor.com/servlets/ptres/60410.jsp

Kenanga said today result will be out

Let's hope for the best

Thanks for the sharing @newbie2828. The increase of grinding capacity is a good sign, but cost of shipment may wipe up a BIG portion of GCB profit. That's also happened to JBFoods & many exporters.

Dear @cn21. Setting up new trust fund won't have any impact on the share price but takeover offer does.

Good to see many investors here are so familiar with WB's fearful & greedy quote. But bear in mind that he also teaches us about integrity.

When a famous auditing company having unanswered question(s) or refuse to sign audit report. It means very very fishy for the company report & company directors for sure are having integrity problem. Their decision is main reason to the chaos today.

All those nice figure can be adjusted.

If possible, sell all, walk away & don't look back.

There are so many counters in KLSE, not to mention foreign markets.

Wish you luck.

@pilato. Sell at whatever price you could. Walk away & don't look back.

@CoolJay, don't worry so much. Everyone makes mistakes. WB or Master FongSL also can't escape from making mistake. May be RM1.73 is a bit high for it's warrant but it's not something that cannot be saved anymore.

Ya, it's at a reasonable price now compare to its fair value

@CoolJay. Stay calm & don't worry. You still stand a good chance. BIG player(s) convert millions of WB to mother share recently. I would rather do nothing & to let the warrant expired if company has no future. BIG player(s) must have seen something. But again, if possible convert that to mother shares when price hit above RM3.38. At least mother shares has no expiration date.

LOL. I won't say price is very cheap now, but I do agree that price for now is reasonable & have enough safety margin

@VTrade you are welcome. Ignore political factor when we invest, especially for this counter. If our entry is below RM4. It's a very safe & almost no risk investment. Don't have to border who is the government tomorrow.

Today @VTrade.

Stay calm @CoolJay. Strike value at RM1.65 + RM1.73 = RM3.38. Chances of above RM3.38 is very high. By then you can convert it to mother shares. As far as US/China don't shake in the next 3 months. It's still a safe investment.

GoldenShares, :thumbsup:

https://www.fundsupermart.com.my/fsm/bonds/view/9432

Just to share. To the rest who are not aware of bond issued by EWI, the above is link for your reference.

If some of you curious why 6.5% & not 6.3% mentioned by ZW & JP. The 0.2% "Telan" by bank. :)

MahSing did the same last coupon rate at 6.9% but MBB can only offer me at 6.7%. :)

Cheers everyone!!!

I think it's good for us to stop Non-Productive & Nonconstructive arguments here. Don't prove anything but to further improve our portfolio's performance. Overall, Mr. Market will be the only one right & the only winner at all times.

Hong Leong is such a big group but not all biz is good. Mr Quek also had bad experience in investing TH Heavy Engineering. Hope this is not the 2nd :).

WB also had bad experience on Tesco & others. KYY & Fong SiLing also had couples of failures before.

We can't control price but can reduce risks. Let's handle investment risks handsomely.

Cheers everyone!!!

Actually Jon Choivo pointed out other possibilities & risks. We should thank him for that.

Most likely after news about Embassy Gardens hand over. So the company can lum sales figure together with London City project. So let's wait.

http://www.shareinvestor.com/fundamental/factsheet.html%3Fcounter%3D5283WA.MY

The company warrant Exercise Price at RM1.45, before 4/2022, meaning to say it will be only reasonable for EcoWorld & GuocoLand to exercise their right if mother share above 1.45.

Compare to the current price, investors here will have a room of about 40% increase before warrant expired

Just based on 1 year data, I also don’t know how to calculate its’ intrinsic value. But overall it’s still considered a safe investment for now. Not to mention recent deal with North American Pension Fund.

Imagine GoucoLand entry price at 1.20 during IPO compare to yours that’s 1st. 2ndly, as at May this year the company has cumulative sales of RM8.184B.

https://ecoworldinternational.com/wp-content/themes/ecoworld-international/images/download/EWI_Presentation.pdf

3rd, from the current sites, the company targets a total of 30B GDV for the next 10 years.

So total current sales & potential sales will be at 38.184B, excluding any other potential M&A for the next 10 years.

RM38.184B/2.4B of shares = RM15.91/Share

If you invest 100K shares now may cost you about RM106K, but EWInt has to sale or develop for you properties worth (100000*RM15.91) = RM 1.591M for the next 10 years.

At least for now I don’t see any property in Malaysia you buy at 106K today & will become 1.59M in the next 10 years.

So why worry?

If you guys really into property than can consider to invest another good local company, so your real estate business will be running 24 hours a day.

Cheers!!!