My average is 79 sen and like to huat together with you all, but I always wonder why the sellers of the 5.7m units on Friday may not want to huat with us. Any reason for why they sold their shares for such a small gain ( 1 or 2 sen only ).
Because they scare to exchange Kenanga' s shares. Let say it pay 60 cents cash and 50 cents Kenanga shares (Assume takeover price RM 1.10). what if before the shares transfer to your name and the big share holders of Kenanga sell down first and the share price drop like hell to let say remain 20 cents of the 50 cents then actually your still have to loss money even though your bought at current price (82 cents). Opp .. Hope that no going to happen.
bro chong, the 0.60 div and kenanga shares are just rumours only right? Just want to find out cause I'm thinking to buy some on monday. What if like jjtrader said kenanga shareholders sell? Will it be possible? This is just my concern to enter as the price has increase. Will the current price already reflect by the news? Thanks.
Brother tangyu, I don't think this is all rumours. Both The Edge & The Star had already said it...please read the full news in The Star yesterday to know better as it may help you in your decision...thank you.
& yes what brother Jjtrader said is very true too, it can really happen & it can happen the other way too.....the directors or big shareholders can push the Kenanga shares to high too...both of these scenario are only hypothetical.
& frankly speaking, the big shareholders are frankly not gong to push down to 20 cents as they will be losing plenty of money too, hee hee,hee. Please keep in mind too that Kenanga lowest & highest price for the year is 51 cents & 92 cents respectively.
& keeping in mind that Kenanga had more business as it had all the clients & customers from ECM & this increases it's profit too.
My only wish is that when ECM shares had been taken over by Kenanga, then Kenaga shares really shoots to 90+ cents & we all can really eat abalone, ha,ha, ha..yes another hypothetical happening. However please keep in mind that when the news came out in The Star business, ECM closes at only 1 cents higher but Kenanga closes at 3.5 cents higher.....so who knows that when we all had Kenanga shares in our name, Kenanga shares will reach $1+ from it's present price of 60 cents.....yes, anything can happen. My only wish now is Kenanga really shoots now & then ECM price will follow too.
So in any market play, we all are taking risks in our daily trading as in our buying of other counters too.
Finally, so let's take a risk now & hope for the best to come.
The opportunity is right here now & it's for you all alone to decide & not me as I had always said the decision in buying any shares or counters is left in your hands & I only do the recommendation.
Correction to my earlier post. what I meant was the big share holder will push up Kenanga share price first and then use the price to settle ECM share holders and before the shares being transferred to your name, they will sell as many Kenanga shares as possible to furtherush down the share price to as low as possible and then only slowly accumulate back later. You see from this way they not need to take out a lot of money to buy another listed counter.
Brother Jjtrader, in fact Kenanga is NOT COMING OUT WITHOUT ANY OF THEIR OWN MONEY TO TAKEOVER ECM.....it's just the ECM brokers license deposit of $500 million which be be distributed to all the ECM shareholders & the rest in Kenanga shares. So Kenanga taking out a single cent does not arise.
Bother James Woon , as it is until now I have yet to see & read any research house giving any target price for Kenanga...maybe after ECM takeoever, some research house may give a TP, who knows!!
Cheers brother James Woon & enjoy your lazy Sunday afternoon.
Brothers dont worry as jupiter research target price is 1 ringgit,making money company and under value for this moment only.matter of time ECM will shouttttttt like rocket than all members will hahaha.......laughing. good lucks!
ECM LIBRA FINANCIAL GROUP BERHAD ("ECMLFG" OR "COMPANY")
- PROPOSED DISPOSAL BY ECMLFG OF THE ENTIRE EQUITY INTEREST IN ECM LIBRA INVESTMENT BANK BERHAD ("ECMLIB") TO KENANGA INVESTMENT BANK BERHAD ("KIBB") ("PROPOSED DISPOSAL") - PROPOSED MERGER OF THE BUSINESSES OF ECMLIB AND KIBB ("PROPOSED BUSINESS MERGER") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Announcement Details/Table Section :
The Board of Directors wishes to announce that the Company has on 7 June 2012 received notification from Bank Negara Malaysia that the Minister of Finance has granted approval for the Proposals under the Banking and Financial Institutions Act, 1989.
The terms and conditions of the Proposals will be announced upon the execution of definitive agreement(s) by the Company.
Yes, brother James Woon, if you have bought 100k shares, then think of the amount earned....wow. Yes, the TP for the merger will most probably be at least $1.10 .... maybe more and so we wait for the actual amount when Kenanga & ECM announced it together.
Cheers brother James Woon, have faith in me as I will never let you all down.
Amount is minimum 60 cents cash & some Kenanga shares....if it's 1 Kenanga share then at today's price you will get 62.5 cents ...so total is $1.25....if they give 1.5 share to 1 ECM shares, that this will be a bonus including the 60 cents cash, hee, hee,,hee
Anyway, let's keep our fingers & hope for the best price.
I not target too high..Further more the current market also not healthy.. if it goes to RM1.00 its fair enough for me. my 3 month of waiting is fruitful.. hehehe...
agree with Nubhan.. market should be collapse since 2003 but look like other forces influence and support market from collapse.. How ever we still can make money from this market situation..
agree with Nubhan.. market should be collapse since 2003 but look like other forces influence and support market from collapse.. How ever we still can make money from this market situation..
Market sentiment looks like not very good, since the euro cup started tonight, i guess it may take awhile for the stock market to get active. Good luck brother and sister.
Let's not worry to much as we all know that Kenanga take over of ECM is true...so let's be patient my friends. If those big kakis sapu more than 400 thousand shares at 83.5 cents this early morning, what's there for us to be afraid off keeping in mind that Kenanga is going to pay by cash & shares but the total sum or amount should be at least $1.10 to $1.20 cents. Now Ambank Chief Azman is not so stupid to sell his ECM shares cheap, hee, hee,, hee
Today's selling is mostly the contra kakis as ECM had risen much these last few days. Those contra kakis had no money to pick it up, so they have to sell even though they know that the merger is definite & they all had to keep it for a while to reap the benefits but since they got no power to hold, they have to sell even for a little profit.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
aunloke
974 posts
Posted by aunloke > 2012-05-12 12:10 | Report Abuse
My average is 79 sen and like to huat together with you all, but I always wonder why the sellers of the 5.7m units on Friday may not want to huat with us. Any reason for why they sold their shares for such a small gain ( 1 or 2 sen only ).