Share price keep on dropping, somebody keep on selling to take profit. The takeover story keep on dragging. If the takeover story is real then the share price will to further drop because the interested party will push it down further to collect the share. Give up hope for this counter, better move to other counter.
Ooi JJ, too fast to run away from ECM. What to worry if I have already treated this counter as one of my favourite and have already invested quite a lot. You will note that the strong resistance is 85 sen and difficult to fall. This looks like the bottom and any positive new will surely pushed it up to above 90 sen. So please please please stay on, brotherly advice you.
BY THE WAY ALSO READ WHAT I SAY ABOUT SIN HENG CHAN THSI MORNING. IT IS THE TOP PERFORMER FOR THE DAY NOW UP 29 SEN !!!! SOMETHING IS HAPPENING HERE ! IT RUNS LIKE A SPEED TRAIN.
Chong, you mean you are close to giving up ? It's final quarter result (Jan 2012)is about to come out soon this month. I bet it will be a real good quarter as share market volume had been very high in the quarter. This company has zero borrowings. It has bought its own shares before in the past and now not buying - meaning giving chance for (own people) to collect as much as they could. Any annoucement or news will surely make it like Sin Heng Chan. Persevere ! Coming soon.
No sister Su Jackie, I am not giving up knowing fully well that this takeover is almost done & only the final touches is to be made.....so hang on my friends.
Brother Su Jackie is right that ECM financial results will be out soon.No matter how,its Net Asset Value per share will go up beyond rm1.23 this time.It is a very good long term investment.
From the beginning of my monitoring of ECM,it climbed steadily from 63cents in 2010,73cents in 2011,now 83cents in 2012.It has net cash with low borrowings...intermittently its share price will shoot up to the sky.So long term investment so far has yielded 15% growth per year.
ECM maybe good but this counter has been accumulating too many punters, it is like more on speculation rather than for its fundamental now, and don't forget there is just so many good listed companies but their prices just never act accordingly. Anyway, I would be more than happy to see its announcement earlier than later to realise the gain on our patient..
Brother Shuk,ECM is not for punters and speculators at the moment.It will become as bored as it can so that everybody will give up on this counter.If anyone cannot wait,they can sell to us,but we will buy at lower price than closing price.In this way sure you cannot get the profit.Haha
From my experience,announcement is usually made when nobody is interested in this counter anymore.So when I hear many of our brothers give up on this counter,yes,the more the better because ECM is for long term investment gain,not for punters...
Whenever I talk about fundamental,nobody is interested.Again you do not know I see the fundamental is changing so whether takeover or not its share price will rise.Im long term investor for ECM,when I bought at 63-65cents,it was so so slow moving until nobody is interested in its share.See how much percentage I earn now in 3years?.2/.63=30%.Haha.
Please bear in mind that ECM is not a speculative counter like Naim Indah and Harvest and Mtronic.If our brothers are interested in those counters-share price flying like mad without fundamental support,you can ask them whether they earn money or lose money in those counters.
I will pick up more ECM and whoever feels like selling ECM can continue selling at lower and lower price,haha,then it is better time for me to buy more.
Yes, brother spinninglotus. alot of people don't like to buy & hold fundamentally good counters but want to buy those lousy money losing counters with some NTA at about 7 to 20 cents & they chase like a mad dog hoping to make a kill & some kena hangus kuat kuat until they disappear from the market altogether, hee, hee, hee. To them even PN17 counters pun boleh hantam kuat kuat, with the false hope that a white Knight will come and rescue the PN17 counter, OMG.....when will they ever learn.
So to my friends, sty on the safe side please....be reasonable in your investment before your money all kena hangus or bakar. Then friends can you Mr. Burn, quite popular this name Mr.Burn I had seen, hee, hee, hee
Brother spinninglotus, let's hope the announcement will be soon & then we see people chase like mad at a very much higher price, hee, hee,hee
I agree with bro slotus, punters are unscrupulous and has a tendency to abuse valuable information. As for me I set my own TA and I would not think twice to dispose once my TA reached.
All Bro, TA announce profit latest result not that good.
Really concern with ECM Libra coming quarterly announcement. Last year at around this time, after announcing good quarterly profit ECM Libra shares fly (up by 4-5 cents) This time around??? Can it perform again? Million dollar questions?
ECM does give bonus & dividend too brother investor77...see below please...
Date Stock Title EX Date Payment Date Lodgement Date 28 Apr 2011 ECM Distribution 1 treasury share for every 33 existing ordinary shares held 26 May 2011 7 Jun 2011 30 May 2011 28 Apr 2011 ECM Single Tier Final Dividend 1.89 Sen 26 May 2011 7 Jun 2011 30 May 2011 23 Apr 2010 ECM Single Tier Interim Dividend 2.3 Sen 21 May 2010 7 Jun 2010 25 May 2010 23 Apr 2010 ECM Final Dividend Distribution 1:52 21 May 2010 7 Jun 2010 25 May 2010
4th Quarter Results will most probably out by next week or so & normally ECM give dividend at this time too...now see the snapshot I made for you brother investor77....cheers.
Yup,I have my own calculation of its profit estimation this time compared to last year.Last year ECM used own cash to buy ECM shares at even 88cents pushing ECM share price up a lot because its number of shares available for trading are small.PE is always 10.4.If earning increased 10%,according to PE10.4,you would get some share price appreciation,in addition to dividend.
Im not worried.We wait for financial announcement by end of the week. Whole market is generally weak.I buy bit by bit while it is dropping.By end of the week we should know bulls or bears regret.
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Posted by Jjtrader > 2012-03-13 13:10 | Report Abuse
Share price keep on dropping, somebody keep on selling to take profit. The takeover story keep on dragging. If the takeover story is real then the share price will to further drop because the interested party will push it down further to collect the share. Give up hope for this counter, better move to other counter.