Posted by zoolo > 2012-06-17 02:36 | Report Abuse

Sorry.. interrupt.. just need some education for this investment things..

Posted by schan60 > 2012-06-17 02:37 | Report Abuse

Hi, bro Chong, is it too late to buy ECM on Monday?

Posted by michaelyong > 2012-06-17 10:52 | Report Abuse

next week listing limit up?

Posted by simonfish > 2012-06-17 11:27 | Report Abuse

Dear Chong, Pls assit me to calculate, if I got 2,000 shares for ECM. How Much I can earn. Please advise.

Posted by chong > 2012-06-17 12:02 | Report Abuse

Brother schan60 , I really don't know how the market will react but I am confident it will go up but to some people they may think otherwise & they feel that it's something like RHB & OSK.....but what these traders may be ill informed & may not know that ECM is getting a special dividend & other perks as well & not like that OSK takeover where NOTHING is given to the shareholders of OSK.

So let's watch the market sentiment & hope that come Monday morning ECM will open high.....all the best to all ECM shareholders.

Posted by chong > 2012-06-17 12:18 | Report Abuse

Brother simonfish , you say you got 2000 shares of ECM...so you will get

1. 53 cents cash for your every ECM share you hold...so 2000 shares x 53 cents, you get a total of $1060

2. you get 2000 x 0.14442 Kenanga shares = 288.84 Kenanga shares which is worth $187.78 cents taking into consideration Kenanga shares is worth 65 cents last traded.

3. you get 2000 x 0.1143338 shares of 5 cents each = 228 loan stock X 5 cents = $11.40 cents

making a grand total of $1295 ......correct me if I am wrong please, thank you.

and you get to keep your 2000 ECM shares for trading later after the dust had settled. We don't know what ECM shares will be worth after the Special Dividend, Kenanga shares & Loan Stocks are given but let's say ECM is trader 50 cents, it's still worth it.

Cheers brother simonfish, all the best to you ....good luck as well.

Posted by simonfish > 2012-06-17 14:14 | Report Abuse

Dear Chong, thanks alots. But When is dust expiry date. Can we sell it on coming monday, then get good dividend? Pls advise

Posted by chong > 2012-06-17 15:09 | Report Abuse

No, brother simonfish , you cannot sell on Monday and then get your dividend. The date has yet to be announced. However if you feel the the price to sell is quite good , then follow your heart.

Cheers.

Posted by schan60 > 2012-06-17 15:11 | Report Abuse

Thks, bro Chong for the info.

Posted by usry > 2012-06-17 17:31 | Report Abuse

look like it not fair enough for those who are bought ECM at RM0.85 above.
eg; We bought ECM at Rm0.80 x 10,000 unit = Rm8,000
After mergers:
RM0.53 X 10,000 = RM5,300 (Cash refund)
Kenanga Share = 0.1442 X 10,000 = RM1,444.2
Kenanga esos= 0.14442 X 10,000 = 1,444.2 X RM0.05 = RM72
total you get is: RM5,300 + RM1,444.2 + RM72 = RM6,816.20
so we lost: RM8000 - RM6,816.20
= RM1,183 + RM200(brockerage fee) = RM1,383.2
how ever this is my assuming.. pls correct me..

Posted by Chuchu > 2012-06-17 17:32 | Report Abuse

Chong Tai Kok and other respected brothers and sisters...Any idea on the opening price for ECM on Monday.
Thank you.

Posted by Chuchu > 2012-06-17 17:37 | Report Abuse

Brother Usry, I guess after the cash payment you will be still holding 10000 units of ECM for trading. In other word your new price for per unit ECM would be 0.138 cents. If ECM opens 0.14cents on Monday then you would be breaking even.
Correct me if I am wrong.

Posted by chong > 2012-06-17 17:57 | Report Abuse

This was written by presumably by some analyst. I can't remember where I find it though...

I quote....

If the deal goes through, ECM will have another 12 months to find a new business. After the divestment ECM will retain its asset management and unit trust business. It will also have a sizeable cash to acquire assets.



so let's wait till tomorrow morning & see how the trading goes.


Cheers.

Posted by aunloke > 2012-06-17 19:10 | Report Abuse

After the repayment, the share has to be at least 40 sen and above ( before splitting ) to be considered as a good deal. Tomorrow open will give us some indication ,hope for a good gap up, if not we can roughly guess the x-price .

Posted by chong > 2012-06-17 19:42 | Report Abuse

Well said brother aunloke ...let's not give us too much anxieties. So my friends, do stay calm & wait for tomorrow's action.

Cheers.

Posted by Eagle95 > 2012-06-17 23:43 | Report Abuse

Hopefully can flying like rocket tmr morning,good luck..cheers

Posted by eagleis > 2012-06-17 23:59 | Report Abuse

Can fly high up in the blue sky like an eagle. Best of luck. Cheerio.

Posted by Eagle95 > 2012-06-18 00:18 | Report Abuse

Tq bro eagleis,we like eagle,we r eagle family,wish ur trading profit can flying high like eagle too.all the best to u...cheers

Posted by chong > 2012-06-18 01:49 | Report Abuse

Let's all stay firm and not to simply give negative statements which might & will have an effect on the market sentiment. If any number of members here have disastrous thoughts like saying ECM going to be a PN17 counter or that the price is going downhill, then disaster might or will strike too. It will have some sort of domino effect when people have panicky thoughts and start selling cheaper & cheaper & where will the selling end?......disaster off course may be the final result. Always keep a positive mind or outlook and please don't give any negative or disastrous statements will may or might alter the course of ECM.

We don't know what price ECM will kick off today, Monday. Please don't predict disaster or give out negative statements which will definitely affect the pricing. Negative statements may give negative results & positive statements may get positive results.

Let me frankly ask you this. Will the main shareholder AMBank Tan Sri Azman be so stupid to let go of his ECM shares if he knows that ECM takeover price is not good or that the price of ECM will slide after the takeover? Remember he had millions & millions $$$$ worth of ECM....will he strike a bad bargain with Kenanga? WE all here are small farts compare to him & we are not pundits to say that it will end up as a PN17 counter or that the price will end low because of the take over of ECM brokering arm.

So let us stay calm without giving negative predictions.Let the market sentiment decide, will you. People who have positive thinking will go far in life. Please read the book "The Power of Positive Thinking" by the late Dr. Norman Vincent Peale. Please learn to be positive in life & in your thinking and I am sure you will go far in life too.....it all starts in you. Let me ask you to do a simple thing.....everyday for 3 or 4 days you start thinking or saying that you will get sick, then I am confidently that in 3 or 4 days, YOU WILL REALLY FALL SICK. Yes, that's the power of our mind....think about it please what I had just said.

ECM will go the KHSB way too when all give all sorts of negative or panicky statements like it will fall 10 cents & "game over", etc, etc.......disaster will surely strike when all have panicky thoughts and all start selling as low as they want to chabut. When every one had panicky thought &start sell lower & lower , where will be the buying interest among the public traders.....where there is not buying interest buy ONLY selling interest, disaster strikes. Let me too ask you another simple question.....will the main shareholder Ambank Azman strike a takeover price deal of ECM brokering with Kenanga when he knows that the end results will be disastrous and he losing millions?....think my friends please.

Lastly I wish all of us make some good money on ECM.....good luck to all & best wishes too.

Posted by Eagle95 > 2012-06-18 01:55 | Report Abuse

Very good sharing fr bro chong,be positive all bro..cheers

Posted by baramundi80 > 2012-06-18 09:05 | Report Abuse

Better take profit..it's going down, maybe to 65sen.

Posted by Jjtrader > 2012-06-18 09:09 | Report Abuse

Oh NO ! Price going down. Why ? Why ? Why ?

Posted by usry > 2012-06-18 09:11 | Report Abuse

unfair deal..

Posted by baramundi80 > 2012-06-18 09:18 | Report Abuse

Yup....deal only value it at 68sen..those bought at 80sen above ...well up to you to cut loss or hold on for long time..

Posted by eagleis > 2012-06-18 09:21 | Report Abuse

The big boys have planted their spies in both ECM and Kenanga. They know in great details about the deal. They must have sold off earlier.

Posted by nubhan > 2012-06-18 09:27 | Report Abuse

The classic formula = when things got hot in news and media, better run away.

Posted by eagleis > 2012-06-18 09:32 | Report Abuse

i'm afraid this counter is not a good candidate for the long haul

Posted by casual_investor > 2012-06-18 09:33 | Report Abuse

May I know what is the fair value now? Thanks.

Posted by PierreVenochi > 2012-06-18 09:33 | Report Abuse

RE: baramundi80,

The deal is NOT valued at 68cents, 68cents is just the portion of capital repayment from ECM to its shareholders (dividend in cash & dividend in-specie).

Moreover, ECM (group) is just disposing its investment banking division, and the disposal is at a premium, not at a discount, for simplicity sake, I suggest you to compare at the P/B of the deal.

Upon disposal and capital repayment, ECM will have a highly liquid asset base.

Book Value of ECM is RM1.2xx, you make the call.

Posted by casual_investor > 2012-06-18 09:34 | Report Abuse

Hi Pierre,

So what to you suggest? to hold on @ what price?

Posted by baramundi80 > 2012-06-18 09:35 | Report Abuse

bro nubhan...u'r right...too bad those inexperience one always falls into this trap...when news is out in open time to sell...morale of this lesson is always respect this market rule - "buy on rumours sell on facts"...unfortunately most ppl do the opposite...sigh...

Posted by nubhan > 2012-06-18 09:38 | Report Abuse

well said bro bara. Hold on tight to 'buy on rumours, sell on news' , it really really really works.

Posted by Jolly Mypet > 2012-06-18 09:41 | Report Abuse

in my opinion it is just a temporary pullback hold on tight if you have belief you can weather the storm. cheers!

Posted by Eagle95 > 2012-06-18 09:47 | Report Abuse

Stay tune,the value is there,will flying soon..cheers

Posted by baramundi80 > 2012-06-18 09:48 | Report Abuse

another rule to respect is "if you are wrong, admit & bite your teeth to take corrective action, i.e. cut loss...never fight the market or go against the trend"...holding on may avoid realising your loss but you get opportunity cost...better to cut loss and put your bullets in other better prospect counters...

Posted by James Woon > 2012-06-18 09:50 | Report Abuse

Don't forget we still hold our ECM shares together with the dividend plus kenanga shares and loan stock...so as long as ECM price more than 20 cents for me I still can break even...sell now to lose but hold to earn till the announcement of dividend.

Posted by Eagle95 > 2012-06-18 09:55 | Report Abuse

Bro James,I totally agree with u,why sell now ?with such a good deal?

Posted by casual_investor > 2012-06-18 09:57 | Report Abuse

May I know hold on @ what price?

Posted by nubhan > 2012-06-18 09:57 | Report Abuse

ecm last defence is 0.76 ..break this anytime 63 cents.

Posted by casual_investor > 2012-06-18 10:00 | Report Abuse

Hi Nubhan,

thank you for your information.

Posted by baramundi80 > 2012-06-18 10:03 | Report Abuse

Yup bro nubhan...technically 76sen is the support...those decided to hold on better pray this support is not broken...

Posted by Maliki BAR > 2012-06-18 10:12 | Report Abuse

Hi guys, any idea when is the cut-off date for the div and such to be enforced?

Posted by jtpc2006 > 2012-06-18 10:18 | Report Abuse

My goodness, this is such a good deal, yet some people look only at the 68cents and say take and run. After you get the 68 cents, you will still hold the ECM share. My goodness, how come you all forget this best part, and you can bet the major shareholder of ECM Datuk will still the major shareholder of ECM and he will have big plans for his stake.

Posted by Eagle95 > 2012-06-18 10:30 | Report Abuse

Market is like that,got ppl look good,got ppl look bad,that's why got buyer n seller...haha

Posted by James Woon > 2012-06-18 10:50 | Report Abuse

A calculation as demonstrated by bro Chong:

Let’s say you bought 10,000 shares of ECM at closing price 0.865. If you HOLD till the dividend paid out these are what you get:

1] A dividend of 53 cents per share
10,000x 0.53= RM 5,300

2] A 120 million shares given to 830.9 million shares equal to 0.14442 Kenanga shares per 1 ECM share at current price RM 0.65

10,000x 0.14442x 0.65= RM 938.73 (kenanga)


3] 95 million load stocks [with interest given] divided by total of 830.9 ECM shares equal to 0.1143338 share per ECM share at 5 cents each

10,000x0.1143338x0.05= RM 57.17

So the total we have if we HOLD till the dividend is:

RM 53,000+ RM 938.73+ RM 57.17= RM 6,296
The cost you purchased with brokerage is around: RM 8671

Which means a difference of RM 2375, but you still have 10,000 ECM shares on your hands.

And this makes your ECM cost only 23.75 cents per share.
So why worry if it falls below 50 cents? You still make a good earning if it falls to 30 cents.

Be logic driven, not fear.

Posted by tradersam 56 > 2012-06-18 11:00 | Report Abuse

Bro James, if what you say is for real, then logically why should we fear? I think the fears arise from ignorance on how to calculate!! Thks for the explanations!

Posted by tansrihew > 2012-06-18 11:05 | Report Abuse

chong: when will be the ex date for capital repayment?

Posted by jtpc2006 > 2012-06-18 11:11 | Report Abuse

the scarey ones are those who have not digested and analysed the benefits properly, and then try to scare the rest of the people.
That's not kind. Luckilyl, there are good and sincere people who think clearly, sharing with us the facts and patience to explain, there shouldn't be any more fears or doubts about this golden share.

Posted by baramundi80 > 2012-06-18 11:11 | Report Abuse

i think u have forgotten about ex all price...u'r so called RM6296 which u claimed u got from dividend, kenanga & loan stock is not your earning but representing your capital you take back from your RM0.865 per share purchased. assuming it does ex at RM0.865, then all in ex price should be what u have calculated 0.2375 per share...so what do u mean don't worry if it falls below 50sen...u should be very worry if it does! because if it does fall to that level before ex date, then ex all it will become RM0.0137 per share!

Posted by tsejuie > 2012-06-18 11:38 | Report Abuse

Price will not fall below RM0.50 for a simple reason, cash received from capital repayment is RM0.53 per share. If share price does fall below RM0.53 then you should buy for guaranteed cash returns.