Also to note, 500psf if base we have it at 700psf and above once revalued

Sunkist118, YES you can still BUY!! Below is from Affin Hwang. They have it at sharp discount base on Price/RNAV 0f 0.4x. Base on that market avg of 0.6x and STP 2 at base price 500psf my TP is higher but use the one recommended in the link.

http://www.bursamarketplace.com/index.php?ch=24&pg=88&ac=16848&bb=research_article_pdf

As for Goh clan mentioned, they haven't stop collecting. As mentioned by Hakchai, to hold 30% for long term is no joke for an investment company. I think they may make move since ringgit is weak and Sime cannot do battle dues to weak ringgit and weak position. I agree with many that property is weak however it is weak for Malaysian and country where exchange rate is lower. That means not many countries where currency is wapeaker than Malaysia at this juncture. Singapore would view Penang as an independent hub from the BN control anyway since business and FOreign investment is separate.

Buy if believe but don't buy if you do not see my message making sense. It is just my humble opinion

It's not about NTA btw the NTA presented did not take into account many things. Once STP2 is in awarded, UK property is listed,mthe demarcation will be clear. STP2 will allow options for E&O to exercise. For one being the option to sell the rights by parcel, second to sell be parcel completion, third is to do partnership. Either way, the land appreciation is already there. They are only waiting for timing. It will be gain!
On the part of UK property to be privatized, the privatized company is already in. Refer to the announcement earlier of the privatized company. Now is to move the assets just like Focal in EcoWorld case into this company.

Consider this carefully because business is build forward

Hakchai is right.

If down to Sime/SP vs Eco vs E&O.
Size of development goes to Sime/SP
Speed of planning, deployment and development goes to Eco
Precision of planning and development goes to E&O

If E&O can upstage with speed, they hv the next 3 years ahead

Market news is that E&O must release the kraken ASAP as EcoWorld is plotting their next move. They hv release London news and Liew will move fast. Battersea is a slow giant and a competition like this is about ROI not size. E&O has a better bet but now it really depend on TT.

661 Chappel Street by Gamudaland in London. Sign of things to come. Booster shot

Ready again. Looking at 3.85 in the next round

It's coming.

The A-Team

Good idea

661 Chappel Street London. Gamuda land only the best

Technology still like a bull. Move aside mates if ram thru 30 again fireworks may come out

Saturn could b right ....read last paragraph


Posted by Saturn > May 4, 2015 10:07 PM | Report Abuse

This will be my final post.......the end has been foretold....very good for those who are latching on.....
Remember the story I told of the UK foray which eventually would split into two E&O, well call it E&O MY and E&O UK for now. TT and Eric has confirm what I have said a year ago stating that they are looking to buy a UK listed company and eventually be an independent entity in the sense that their PNL would be independent of the other.
Now what they have not said is when and why right?

My story went on to share why TT bought back the shares at rm2.90 with one of the reason being that Sime would not be able to do without a head honcho at helm for London projects. Some of you have also posted links of the growth of properties in London. Who would have been in better position to take helm of London purchases and development more than TT simply because TT is not only spending most of his time in London but have also developed myriad of major and successful projects under his belt.

All that I have written to this point carries no barrier to support why I see E&O will succeed moving forward except to offer some insights which eventually TT himself has announced what I said earlier. So I was right about the UK foray however that does not mean anything at this juncture. Why? Because the big picture has still not been clear to all as yet. Let's examine, in sequence

1. Bought 1st UK property
2. Completed the DEIA but delay in state approval
3. TT bought back 10% from Sime reducing Sime holding to approx 22% from 32%
4. TT offered these block to the senior management
5. E&O got the all important approval from state Goverment for the development of STP2
6. Warrant listing
7. Bought 3rd UK property

Up to this point, the share price was on an uptrend channel while awaiting the tender. The tender dates were moved forward 3times (understandable since there were many contractors (Govt contractors, tender contractors...) and DEIA to observed. As this was going on, investors became impatient because Mar deadline (before Apr GST) was nearing. Though I did ask all to sell by Mar before the further decline starting Apr onwards due to the uncertainty in GST, however I am looking forward to May. So will it be "Sell In May" and come back in August after summer or will it be the start of the engine for E&O? Let's examine the below

8. Tender expected award is in July

From now till July is 3mths however May is also the financial result mth. For E&O, the financial report coming out in May is not only for Mar 2015 quarter but also a year closing ie FY 2015. From the accrued unbill and the expected financial performance, this may be the first kickstart for the share price to move again.

Up to this point it is actually business as usual expectation. I am only bringing things up to date.

But up to point 8 we expect and anticipate an organic growth. My last story went on to tell of how the GLC are going to come together to deliver a business more robust. To deliver this, everything needs to fall into place. This means STP2 all approved, reclamation tender awarded, UK purchases all complete, E&O UK properly registered, and now the GLC can just take over with everything served and ready for revenue. But just take one step back, the GLC's biggest problem is timing. The timing was poor during the departure of LIew fr SP Setia, the timing was poor with the tightening of loans, RPGT, and now GST....We know the GLCs does not have any good candidate who can replace Liew so much so that the have to keep Liew as Project Chairman for Battersea even though he has a conflict of interest now working on JV on Ballymore in UK. This part will be address with TT helming London with the exchange of buying E&O MY back and restarting an entity E&O UK with TT to helm. True? Let's us see if I am right

http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=519151:eo-to-list-uk-unit-on-lse&Itemid=3#axzz3bDetV5CW

No gearing fr there once de consolidate

It will fly soon after the de consolidation of E&O UK