Posted by joker666 > 2015-12-07 12:44 | Report Abuse

Got paid already at 62cents per share. However, when would the EOB shares and warrants be credited?

Posted by saikuro525 > 2015-12-07 21:26 | Report Abuse

hey joker is ur total amount correct? i got more den RM310 for 500 shares of 0.62.

Posted by saikuro525 > 2015-12-07 21:48 | Report Abuse

ok now i get it, 500/15 round to 66, which is below 100 unit EOB warrant, so convert to cash instead, 66*.21 plus my 310, so that's how i get more than RM310

Posted by joker666 > 2015-12-09 14:06 | Report Abuse

got the E&O shares and warrants. There are some odd lots.. price isn't promising though.

Posted by IntelligentInvestor > 2015-12-14 11:55 | Report Abuse

major shareholder can buy up remaining shares really cheap.

Posted by IntelligentInvestor > 2015-12-15 09:09 | Report Abuse

it does not cost much to buyout ECM

Posted by ivan9511 > 2015-12-16 12:25 | Report Abuse

Thanks a lot who_am_i

who_am_i :
You seem got many skills , haha.
Can I ask you one thing, do you thinks this counter worth to hold for long term.
Because currently I had been KO by POS , so abt worry by Blue chip.
Pos made me rugi banyak banyak

Posted by Luckyhue > 2015-12-17 12:36 | Report Abuse

Why this counter nonstop drop?any one know why?

Posted by ivan9511 > 2015-12-17 18:40 | Report Abuse

Hi .ECM Team family :

Can I know why this counter share price was reduced from 1.4 down to 0.45.
However the Par Value of this counter still mantain RM1

Posted by moneykaching > 2016-01-09 02:37 | Report Abuse

ECM is a good privatisation candidate

Posted by samer > 2016-01-09 12:57 | Report Abuse

One of the big boss will bring it Private soon.........! !! He is working out a plan now

Posted by moneykaching > 2016-01-25 23:57 | Report Abuse

ECM's fund management business is a good asset for Aberdeen Asset Management or Fidelity Investments or other major fund houses who can operate the business more efficiently with their scale, expertise and distribution. Maybe even Asian house like Value Partners can acquire it to expand more easily in Malaysia.

Posted by Angielim9955 > 2016-02-07 20:44 | Report Abuse

Hi team . I am new bought this ecm.can i know why ecm keep dropping. Do you guys think i should hold for long term or just cut loss.?
And what is the meaning of E&O shares mean ?

Posted by Angielim9955 > 2016-02-07 20:55 | Report Abuse

Sorry team. Because currently I don't know whether should hold or not.
Someone still confidence at ECm counter. IS ECM A GOOD COMPANY

Posted by moneykaching > 2016-02-11 01:43 | Report Abuse

ECM has a good business. It needs good management to unlock its value and potential. Perhaps a new shareholder or management can do that.

Posted by Angielim9955 > 2016-02-12 00:11 | Report Abuse

ok
moneykaching : do u know ECM got profit everyear

Posted by value_hunter > 2016-02-17 01:17 | Report Abuse

ecm got make profit ever year. why is stock so low? any reason?

Posted by BudakXPandai > 2016-02-24 09:31 | Report Abuse

The Board of Directors of ECM Libra Financial Group Berhad (“ECM Libra”) wish to announce that the Board has received a Notification of Potential Mandatory General Offer from Mr Lim Kian Onn. The Board was informed that a conditional Share Sale Agreement (“Agreement”) has been executed on 23-2-2016 between Amcorp Group Berhad, Hikkaya Jaya Sdn Bhd, Arab-Malaysian (CSL) Sdn Bhd and Equity Vision Sdn Bhd as vendors (“Vendors”) and Truesource Sdn Bhd as purchaser (“Purchaser”) with respect to 74,194,973 ordinary shares in ECM Libra (“Sale Shares”). The Purchaser is a subsidiary of Plato Capital Limited.

Mr Lim Kian Onn is a director and substantial shareholder of both ECM Libra and Plato Capital Limited.

The Board was informed that under the Agreement, there are conditions precedent which are required to be satisfied in order for the Purchaser to complete the sale and purchase of the Sale Shares. Pursuant to the Malaysian Code on Take-Overs and Mergers, 2010, the Purchaser and/or parties acting in concert will be obliged to undertake a mandatory general offer (“MGO”) to acquire all the remaining shares in ECM Libra not already owned by the Purchaser and parties acting in concert when the Agreement becomes unconditional. Mr Lim Kian Onn has informed that upon the Agreement becoming unconditional, he will undertake the MGO in accordance with the provisions of the Malaysian Code on Take-Overs and Mergers, 2010.

This announcement is dated 24 February 2016.

Posted by mr_investmentbanker > 2016-02-24 11:12 | Report Abuse

bump

Posted by i4investor > 2016-02-24 12:05 | Report Abuse

how much is the offer price? why didn't it stated?

Posted by moneykaching > 2016-02-25 10:47 | Report Abuse

Mr Lim is buying company control at cheap price. ECM is worth easily more than RM0.60 per share. Couple months earlier Mr Lim bought at a higher price than current purchase price. What is going on?

Posted by nnmm > 2016-02-25 11:10 | Report Abuse

the offer document stated that they do not intend to increase their stake other than this purchase from Amcorp&co. So, the probability for the company to remain listed is high. Plus, LKO mentioned that the purchase price of RM0.37 is cheap compare to NTA of RM0.48.

Posted by moneykaching > 2016-02-25 11:13 | Report Abuse

Mr Lim bought at a higher price in the open market

Posted by samer > 2016-02-25 16:13 | Report Abuse

should we hold out for higher price? or 0.37 ceiling already according to MGO

Posted by moneykaching > 2016-02-26 00:39 | Report Abuse

Better put up ECM for sale to external buyers than sell to an existing major shareholder. Shop around ECM to major fund management companies to get a real market price.

Posted by samer > 2016-02-26 09:56 | Report Abuse

I have ECM shares, please pm me if you want to buy

Posted by klout > 2016-02-28 00:42 | Report Abuse

0.37 is too cheap & only 12% premium is akin to putting the shareholders out to dry. We minority shareholders should band together & reject the deal at the next EGM. Minimum should ask for 0.40 or higher pricing!

Posted by value_hunter > 2016-02-29 22:43 | Report Abuse

ECM stock should trade like KAF Seagroatt comparable. KAF is trading price to book value of around 1.3. Based on similar multiple ECM should trade around 65 sen per share

Posted by BudakXPandai > 2016-03-04 15:31 | Report Abuse

Plato Capital acquires Malaysian firms

Plato Capital has acquired a wholly-owned subsidiary known as Truesource Sdn Bhd (TSSB) in Malaysia with an issued and paid-up capital of RM2.00 (equivalent to S$0.67(1)) comprising two ordinary shares for a cash consideration of RM2.00, funded by internal resources

TSSB was incorporated on 18 February 2016, with its principal business activity being investment holding.

The acquisition of TSSB is not expected to have any material impact on the Group’s earnings per share and/or net tangible assets per share for the financial year ending 31 December 2016.

According to a filing, TSSB had entered into a conditional share sale agreement with



four independent third parties to acquire 74,194,973 ordinary shares of RM0.12 each or 25.89 per cent of the total issued and paid-up capital of ECM Libra Financial Group Berhad (ECMLIB),



a Malaysia-incorporated firm listed on the Main Board of Bursa Malaysia Securities Berhad. This makes ECMLIB an associated company of Plato Capital.

The principal business of ECMLIB is in financial services with core business segments including fund management and investment holding, with Lim Kian Onn, a director and controlling shareholder of Plato Capital also serving as a director and substantial shareholder of ECMLIB.

Together with his wife, Lim holds 24.367 per cent of the share capital of ECMLIB.

The aggregate purchase consideration was RM27,452,140.00 (S$9,169,014.76) payable by cash at completion, with the consideration of RM0.37 per subject share at a 12.1 per cent premium to ECMLIB’s traded price of RM0.33 as at 23 February 2016.

Plato Capital explained that the transaction represented an opportunity to purchase a stake in a business with significant complementary investments in the education and precision engineering sectors, while ECMLIB’s fund management license offers significant synergies and strategic relevance.

Posted by moneykaching > 2016-03-05 03:06 | Report Abuse

Costs in ECM Libra are on the high side. Cost cutting can increase company profits without increasing revenues.

Posted by BudakXPandai > 2016-03-26 18:26 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/03/26/is-azman-building-his-war-chest/

Posted by BudakXPandai > 2016-03-26 18:28 | Report Abuse

Seasoned banker’s exit from ECM Libra raises speculation about his future plans

AMMB Holdings Bhd founder Tan Sri Azman Hashim could net some RM27.45mil if and when the deal to sell his indirect stake in ECM Libra Financial Group goes through.

The deal, which was announced in February is puzzling observers as the price the seasoned banker has agreed to works out to 37 sen per share, making it a relatively low price compared to ECM Libra’s current net tangible assets of RM1.48 per share.

A question that has been asked by many is why would an experienced banker sell on the cheap.

Notably, ECM Libra’s cash position itself , not taking into account any of its other assets, is already at 36 sen per share, close to what Azman has agreed to exit at.

ECM Libra sold its investment banking unit to K&N Kenanga Holdings Bhd for RM875mil via a combination of cash, shares and loan stocks back in 2012.

The group which now does fund management and corporate advisory has cash and short-term funds amounting to RM105.38mil and has no borrowings and debt securities as at Oct 31, 2015.

Based on ECM Libra’s annual report, it also has properties, plant and equipment worth RM24.5mil with no valuation on these done in recent times.

One speculated reason for the relatively cheap exit from ECM Libra is that Azman may be building up his war chest to prepare for any fund raising exercise in AMMB, if it happens.

Posted by mario888 > 2016-04-14 16:09 | Report Abuse

Cash per share 0.37, Debt per share 0.00, NCAV 0.58 but FCF per share -0.10. Revenue and net income are strong. Will p/ncav drop below 0.63? ROIC is low, Ev/ebit is low. Is there something wrong with this company? What does it do in financial services? How does it make its money?

Posted by mario888 > 2016-04-14 16:12 | Report Abuse

The concern is the negative FCF and CFO, where is the money going out? Are they paying huge bonus to the directors?

Posted by eujindian > 2016-05-24 11:45 | Report Abuse

y the sudden increase in price?

Posted by tanbb > 2016-05-24 15:01 | Report Abuse

out of sudden rise in the sun.

Posted by WINNING > 2016-05-24 22:12 | Report Abuse

TAKE-OVERS & MERGERS

Posted by WINNING > 2016-05-24 22:13 | Report Abuse

ECM LIBRA FINANCIAL GROUP BERHAD - RECEIPT OF NOTICE OF UNCONDITIONAL TAKE-OVER
OFFER FROM MERCURY SECURITIES SDN BHD ON BEHALF OF MR LIM KIAN ONN

Posted by PenguinDad > 2016-05-31 16:49 | Report Abuse

Still main the listing status than why want to issue unconditional take-over offer. More than 50% is majority and it is better to use other people money than own money to do business. Do understand and interesting to see how thing progress.

Posted by PenguinDad > 2016-06-03 07:55 | Report Abuse

Huge block of shares movement from Amcorp Group, Equity Vision & Hikkaya Jaya.
See Daily Edge of Insider Moves. Total - 86.3mil shares or about 30%.

In the 2015 report,
Equity Vision Sdn Bhd holds 43,506,036 shares or 16.31%
Hikkaya Jaya Sdn Bhd holds 16,514,174 shares or 6.19%
Also some big players like OCBC, British and Malayan Trustees Limited, CIMB Securities, S&P Emerging Asia Pacific ETF.

From FT,
Share Outstanding - 286.59mil
Free Float - 100.27mil

A lot of movement in this stock.

Posted by value_hunter > 2016-06-08 00:58 | Report Abuse

share price looks cheap. any reason for share price underperformance? is management good at building and managing the business?

Posted by PenguinDad > 2016-06-17 13:41 | Report Abuse

http://klse.i3investor.com/servlets/anpth/1161637.jsp
share price should be more than RM0.48 and there are some hidden values.
Major shareholder holding more than 50% and need to make above announcement.

Posted by PenguinDad > 2016-06-21 07:55 | Report Abuse

From Edge Malaysia
Takeover offer from ECM Libra below fair value.
http://www.theedgemarkets.com/my/article/lims-takeover-offer-ecm-libra-not-fair-reasonable-says-bdo-capital?type=Corporate

Posted by PenguinDad > 2016-06-24 07:41 | Report Abuse

Look like some of the directors also rejected the takeover according to the circular that i received yestersday.

Posted by moneykaching > 2016-07-20 02:02 | Report Abuse

Directors that rejected takeover should invite better offers from other parties

Posted by PenguinDad > 2016-07-20 08:24 | Report Abuse

What offers?

Posted by moneykaching > 2016-07-28 19:19 | Report Abuse

RHB Asset Management has formed a strategic partnership with New York-based investment firm Neuberger Berman and will be launching a multi-strategy fund

ECM is behind the curve.

Posted by moneykaching > 2016-08-03 00:39 | Report Abuse

KAF Investment Funds Bhd plans to generate RM100 million from its KAF Australian Islamic Property Fund within the first six months of its launch.

ECM's management is sleeping on the job

Posted by moneykaching > 2016-08-11 00:32 | Report Abuse

Hong Leong Asset Management launched a new fund named Hong Leong Regular Income Fund to provide regular income at moderate risk levels for its investors.

ECM's management (related parties) is definitely getting well paid for doing very little. Other investment houses are busy building their asset management businesses while ECM has very little to show for except a major shareholder is trying to buy cheap from the minorities.

Posted by PenguinDad > 2016-08-11 15:16 | Report Abuse

Lookout something is coming.