Eric the MD still sleeping. 1.43 now

Value is there no doubt but idea to sell the value is where Eric failed miserably. If the same condition was presented end of last year (ie all approval obtained, start work ready, UK plc ready to go,etc) I assure you the price will sustain above 2.60.

This is where Eric failed miserably, he announce the 3rd UK buy Esca while without any idea of what they will do with the debt esp when STP2 was abt to get all approval. It shows E&O under Eric was on a buy first worry later spree without knowing then abt the buying and developing policies and rules in the UK. Terry himself fork out personal money for the buy in UK. Now that all the dust has cleared, the price has fallen too much and to build momentum for the uptrend again E&O must ensure the price don't fall anymore.

As for the debt concern, as explain earlier, firstly the unbilled is at RM 937 Mil with 635M new sales in 1HFY2016 and on target for 3yr PAT of RM450M which was not revised.(even at down time)

Once UK PLC completed, it is at a better position than July 2014. As for STP2, there is no stopping the start reclamation now because any stop work, the govt will have to pay a very very high compensation for the delay.

Honestly i don't understand why the share price is going down. I believe it is the UK PLC which needs to be announce ASAP. Reason why I say that is because the share price was at the highest in July 2014 after the second UK foray but only started dropping after the 3rd foray Esca House..I believe once UK PLC is announce whereby E&O Bhd will hold 30% and gearing reduce to 0.3x the share price will move again.

Sorry to hear that Ginny

Sad day

Another announcement coming?? Queue again

Reinforcement come...buy back into treasury. Now below 1% and still 9+% to go on buy back

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4939089

If Boss himself must play only share can go up ...speaks volume

TP - 2.60 reiterated by Public Bank - But change to Trading Buy fr Buy

http://klse.i3investor.com/blogs/PublicInvest/87219.jsp

http://klse.i3investor.com/blogs/amresearch/87256.jsp

saltedfish Wait until boss come back
29/11/2015 08:39

Boss play own share? I am shocked!!

maybe a Kedah lang wannabe

kakaka LGE/DAP achieve double of investment of what Gerakan did in 6 years. You sure you are fr Penang???

Read carefully,
- achieved more than 67% of 3-year cumulative PAT target of RM450kk in Q1

http://www.easternandoriental.com/uploads/presentations/88th_AGM-presentation.pdf

Fact 16 - EPF is collecting E&O
Fact 17 - Unbilled + Billed as of Aug 31st 2015 = 928M + 633M = RM1.561B. Technically they already achieved their earning of RM173M targeted for 2016FYE
Fact 18 - Tamarind. 2 has got 3,000 registered interest
Fact 19 - Budget 2016 has got majority support in Parliment. This concern that budget will be voted out no longer holds true
Fact 20 - Property price did not drop. Banks are losing out while developers are facing land cost which are higher. Most are seeking foreign buyers

Base on Rockford, EnO_Turboblast, Gregorian all concur the full value of E&O is RM8 -RM10 per share without discount and approx RM4.93 with 60% valued. If Sime buys, or any buyout it should be that value on because they need to add on the value of their hospitality business - Hotel, other land banks such a Elmina West in Guthrie, Iskandar, KL City, London...and to include the unbilled.

Rockford OK if you take 110 acres back to Govt that should be correct. I also calculate if selling is base on lower RM400psf against cost of RM150 i.e. RM250psf profit. It will come up to RM7,187,500,000. So per share 7.2/1.26=RM5.71 per share additional added to RM2.51 base approx RM8.22 per share. Hence if we take 40% discount as in your example it will be at least RM4.93 close to Amreasrch RM4.73 earlier this year

GK Clan stop collecting on 30 Oct 2015
On the other hand EPF is rushing in to add on after 30Oct....591k, 793k, 1M, 131k, 384k and announcement today another 1M shares acquired
Results good?
Or Sime buyout?
Or big announcement??

As of 31st Aug 2015 - Revenue at RM633M and Unbilled at RM928M. If buyout by Sime, it won't be surprising as apart from Revenue and Unbilled, they secured all the necessary for the highly anticipated multi year revenue generator from the STP2 which they can sell by landbank or they can sell by development or they can sell their right of the approvals given.

Gregorian your feedback appreciated, thanks in advance

Sorchai lar this anti_debt, read properly, Ivory Trops delayed the tender though approval given much earlier. Maybe cannot read. Now he says E&O got no approval when tender already awarded.mi think maybe not sorchai but sorhai.

http://www.theedgemarkets.com/my/article/ivory’s-worldcity-reclamation-works-may-begin-2q16

All the sorchais are out.....name is anti_debt but got to call for backup. Is that you.?? Hahahaha where is Kcchong?? Where is paperplane....ahh I remember you...no backbone right??

The growth is real. Penang state govt under DAP hv no baggage, corruption or crony obligation.

They saw E&O moving forward with reclamation, they saw Penang state govt award the underground tunnel, bypass and infra to Gamuda, now they see the 7.4% Penang GDP. Ivory-Tropicana want to get into the bandwagon, but they must remember E&O took 4-5 year to complete the DEIA to tender award

Ks55, I hv taken time to explain the above. I am asking the same of you for the following question. How can the situation current be worse than last July 2014 (Price E&O RM3.18) when STP2 not awarded (cost not captured), UK foray (debt increasing) while we do not know their direction vs current where cost is capture, UK direction clear, options are clear

Ks55, the below already shared in some of the comments if you read them. The price of E&O started falling after their 3rd purchase of London property namely Esca house early 2015 which raise concern of debt while STP2 tender then was still not awarded for cost to be captured.
Today both are issue are addressed. Firstly London as already explained will be self funded and E&O exposure and risk down to 30%. Having said that it is more of gain than risk for London foray at this point. Secondly the STP2 tender already awarded and at a much lower cost than earlier expected due to the fall in fuel prices and construction.
In short the situation in terms of risk and business is better than in July 2014 when it peaked at rm3.18 with debt ratio reduced, cost structure are organized, expansion in place, and abundance of business option in place (sell, develop, JV..) all approved

Ks55
Now come to next question.
Do you think E&O a good buy at 1.55? If yes, buy more now.
Do you think it is worth for you to subscribe to E&O PLC? If yes, please go ahead.
For your info, I have been in and out for E&O over the years.
Last sold was 04022015 at 2.26.
Last bought was 02092015 at 1.455 and still holding.
Unlikely I will lose money on E&O as I am prepare to buy all the way down till 80 sen as Mr Parkson suggested.

Does not matter whether 10p or 30p for PLC when listing. It is only a subsidiary. The offer of PLC shares is like a pink form offer. Don't take it if you are not interested. What I m saying is E&O has got everything in place and yet ppl raise issue. They have all STP2 approvals since 2011,they hv got the bank loan secured, they hv organized their debt down to debt ratio of 0.38, they hv organize their debt concern of UK by listing on AIMS and 1/3 holdings only.
I agree E&O is in very good position right now because the option of play is in their hands. Apart from those shared,
1. The loan is serviced progressively for STP2. Phase2A. When they reach 88acres or before, they can choose to sell and cover their cost with surplus
2. They can sell NOW all their rights and approvals for STP2 or by Phases. The amount will be huge because the value are in the approvals
3. The debt will rise from 0.3-0.38 with STP2 instead of 0.6. This mean approx 0.4x when 88 acres completed. If they sell it will be 0.3 again or lower
4. They also hv the option of JV
5. UK foray is organized to being self funded and not dependent on E&O solely
6. As nobody knows how low the exchange rate with UK will fall or when the political situation will resolve, the UK foray will act like a hedge with gain already
7.Apart from exchange rate gain as explain by some, 7-10% growth appreciation a quarter was experience since 2014

What debt is ppl talking about? This is an expansion with loan for Phase2A at less than 10% of their yearly revenue. (173million against 1.035B) out of the 1.035B the loan is disburse progressively with many options for E&O.
Pls share something new on the debt which doesn't exist since E&O can exercise at any point to pay off.
Try new tricks to push down the price if you got proper information

it is like saying that, you have choice of selling your property with a large appreciation gain or keeping for future prospect but not having the property is better. Make any sense?

Argument of Ks55 is not right. Last year July 2014 E&O share went up to RM3.18 before the Esca house buy. Now that E&O will only hold 30% of the PLC, should mitigated the concern moreover all UK property also gain already. Is he saying if E&O does not own UK properties or have high exposure as after july2014 with the Esca buy it will be better than having it? Makes no sense because the UK properties all already made exchange rate profit. If they sell now, there is already a gain. So how can it be worst than before buying Esca house?
Eg. If you own 2 houses, one akin to be Malaysia while the other is UK. If both, you are servicing loan, then it is a concern how you manage it. However if the second home has profit already if you sell it, then you have a choice of selling or renting out right? If you treat renting like public listing, it will pay for itself. So now it should be back to before July 2014 where the E&O share was moving north.

That's good news.

Base on my calculation, at mother RM2.60 WB will be 60-65cents.

The WB has moved 6cents today.

Posted by HakChai > Oct 13, 2015 04:45 PM | Report Abuse

Buy the WB....more leverage

Congrats on tender award. It is certainly good news. Have to see how market react tomorrow.

Mightymouses very good...lol

In our current economy vs global fact
1. Our money is no good outside of the country against current foreign exchange. Basically our money is worthless outside. Many are keeping the money here because cannot afford holiday abroad or further imports for their business unless necessary
2. Within the country with GST, Tol hike and fluctuating fuel price, our spending is again limited.
3. Yet we hv many malls coming up (40 to be exact), while many existing mall tenants closing down or vacating.
4. Yet we hv buyer for Imbi land at 4,300psf
5. Yet we hv second phase of MRT otw
6. HSR coming up
7. Our banks are cautious due to the forex, lesser loan transaction, while still managing NPL

So question is what are packaging the country for? I am sure the buyer of Imbi at record 4300psf see something or cheaper thru lower exchange? Being at GDP nominal per capita 4.5 times lesser than Singapore, 3 times lesser than Japan, approx 2 times lesser than Taiwan we are certainly attractive. Do you still think our properties especially lifestyle is only for Malaysians?

Extreme syukur we hv 4 season with unpredictable haze season

Bersyukurlah, our disparity in income is widening.
Syukur lah our crime rate is getting higher and closer in style to Thailand cowboy style
Syukur syukur especially we hv low prosecuting rate due to technical reason

Mah bersyukur lor...lol

Firstly for sustainable check the per capita income amongst country
Then check bank reserve in usd
Then forex exchange reserve
Then gold reserve
Then oil reserve
.......
........

Don't just compare compare debt.....we lost 2b just on exchange recently, we lost double on crude oil because of exchange & drop in price as non decision maker, we lost on balak, we lost on palm oil , ....

Why don't you compare with Singapore or Hong Kong. Singapore nominal per capita income 4.5 times of Malaysia, no natural resource at all except human capital.

Why don't compare reserve?

Why don't compare intellectual and universities?

Why don't compare human rights?

Why don't compare human trafficking?

All the comparison above will determine the quality and effectiveness of governance

We use to hv Muhibbah, now we don't.....syukur
We use to hv much less debt than those accumulated last 6 year to 800B...syukur
We were Fifa football ranked 75 in 1993 and today we are 171 in world. ........syukur we still hv a ranking
We are now 52 in world OECD for Math and Science behind Kazakstan and Iran.....Syukur
Our Corruption Perception Index (CPI) in 2002 was ranked 33 and in 2007 we were 43rd and 2014 we were 50th......Syukur we are ahead of Sri Lanka....

Bersyukurlah, because very soon our locals will get back their jobs from foreigner like Myammar, Bangladesh, Filipino, India......because .these guys are not loyal to country and soon our local may be able to work in their country.....syukur!!!!

Syukur....

Ok if you say so......

http://www.themalaysianinsider.com/malaysia/article/bn-mps-can-vote-against-budget-says-ku-li

BUT!!!!!

http://www.malaysiakini.com/news/316774

Najib's got a plan

Today will hv volume no doubt but some one throwing the 100lots each time to the buy price when it goes up is a technical move to ensure buy rate is low. Question is why? If buy rate still goes up with this move, the stock is aggressive

Buy rate was 80+% for past few days. Today drop to 13- 29% due to 100 lots each press down. However noticing the pass few days although the buy rate was high, it was not continuous. The buyer was waiting for seller to replenish at their buying price hence the price didn't move aggressively. They are collecting especially at 1.58 and 1.60.

I believe Tamarind2 will contribute very timely. Don't forget there is also Iskandar JV and City of Elmina contribution.

Buy below 30c or better 28c to screw the two Siamese Twins or ventriloquist & puppet master tiger and his keilo friends. Lol

Buy WB agreed. ...