Posted by chong > 2012-06-12 12:03 | Report Abuse

very very correct brother lam622622622. In fact I keep buying & buying everyday & wait for the Bonanza.

Posted by Wolverine > 2012-06-12 14:44 | Report Abuse

Dear Brothers, I have a feeling that alot of people who are posting here is not genuine especially those who are getting extraordinary praises.
Do not trust this self claim pundits because they are shooting in the dark as well. Those who claim " I buy and buy and buy and buy normally do not buy but waiting to sell !!!!

Posted by eagleis > 2012-06-12 14:45 | Report Abuse

some participants join this forum for some ulterior motives

Posted by eagleis > 2012-06-12 14:47 | Report Abuse

ah hooi keeps saying 'bought padini at 1.74' blah blah about 20X with the hope that others will help to push the price up for him to dispose.

Posted by Wolverine > 2012-06-12 14:53 | Report Abuse

I do not want to point finger to any particular person but "Siapa makan cili dia-lah rasa pedas.
Their main motive is to dispose when you guys starts to buy on their adivice..they eat ablone you eat porridge.

Posted by baramundi80 > 2012-06-12 14:54 | Report Abuse

obviously la...all sure got self interest one...too bad some naive ppl still fall for such tricks..heheheh

Posted by lam622622622 > 2012-06-12 15:15 | Report Abuse

FORUM here is for sharing and hearing each other and also to advise together.We all here is small flies can't push the market at what we want.Big investor they don't have time for this type of forum, they are more interesting on watching share market screen trading in and out.

Posted by Wolverine > 2012-06-12 15:15 | Report Abuse

I am also sure some of them post under few names. They praise themself and sometime they reply to themself just to show to others that they are the champion. I am so disgusted with this kind of despicable mongrels who prey on innocent and naive people. I hope your will NOT have enough money for own funeral.

Posted by eagleis > 2012-06-12 15:51 | Report Abuse

only the moderator knows

Posted by Ram Cheong > 2012-06-12 15:54 | Report Abuse

cool brother , don't curse this is a forum let them post n recon whatever they like , the decision is still in our own hand . peace . ..........

Posted by kueyteowlou > 2012-06-12 16:08 | Report Abuse

wowww! good call bro CHONG! heheee.. 85cent now..

Posted by hw0706 > 2012-06-12 16:23 | Report Abuse

at least assure that there will be 60 sen cash payback.

Posted by lam622622622 > 2012-06-12 16:40 | Report Abuse

60 sen cash payback ? Is the figure confirm ? Maybe calculation is wrong.

Posted by astrowoon > 2012-06-12 16:44 | Report Abuse

if according to the news 500 million cash portion then divided by 830, 901, 953 shares then is correct.

Posted by baramundi80 > 2012-06-12 16:48 | Report Abuse

so is 0.006sen only, pathetic...hehehe

Posted by nubhan > 2012-06-12 16:51 | Report Abuse

500,000,000 / 830, 901, 953 shares = 0.6 per share. Correct maaa

Posted by lam622622622 > 2012-06-12 16:55 | Report Abuse

BRO.nubhan you already sold ECM this morning ,do you regret?

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

manage close at 85sen. more to come tmr

Posted by nubhan > 2012-06-12 17:04 | Report Abuse

no regretla. Fear and greed are part of the market. There are always another opportunity.

Posted by astrowoon > 2012-06-12 17:05 | Report Abuse

baramundi pls recheck your answer again, easy mathematics

Posted by chong > 2012-06-12 18:03 | Report Abuse

Yes, brother JimYeoh , quite confident there's more to come tomorrow & if DJI is in the positive, then perhaps ECM may move to 90 cents, hopefully off course, hee, hee,, hee

Posted by michaelyong > 2012-06-12 18:42 | Report Abuse

buy ecm wait money come come,better bank fd

Posted by michaelyong > 2012-06-12 18:43 | Report Abuse

one day you know

Posted by chong > 2012-06-12 19:52 | Report Abuse

Bumper dividend for ECM Libra shareholders


KUALA LUMPUR: Shareholders of ECM Libra Financial Group Bhd could be in for a bumper dividend after the group’s RM890 million disposal of its investment banking and securities business to K&N Kenanga Holdings Bhd.

According to financial executives close to the situation, ECM Libra is expected to distribute the cash proceeds from the divestment to existing shareholders in the form of a special dividend of at least 60 sen per share

Company executives declined to comment, but financial executives close to the situation said the agreement on the disposal of the financial business to K&N Kenanga could be signed as early as tomorrow.

ECM Libra announced last week that it had received approval from the Ministry of Finance to proceed with the disposal of its investment banking and stockbroking operations to K&N Kenanga. The crucial green light came eight months after Bank Negara Malaysia (BNM) gave the two financial groups the approval to commence merger negotiations.

The details of the proposal have yet to be announced by both parties. But financial executives told The Edge Financial Daily that K&N Kenanga’s purchase of ECM Libra’s financial interests would be funded through a combination of cash and the issue of new shares and loan stocks.

The cash proceeds will come from deposits that ECM has placed with BNM as part of the capital requirement for an investment bank. The divestment will free up the RM500 million tied up with BNM.

Based on a share capital of 830.9 million shares, the RM500 million will translate into about 60.17 sen per share. ECM Libra’s share price closed at 79 sen last Friday at a substantial discount over its net asset value of RM1.23 per share as at Jan 31.

Over the past two financial years, the ECM Libra board has been generous in its dividend payouts.

In March, the board declared a single-tier dividend of 2.4 sen per share, representing a payout ratio equivalent to 63% of the net profit for FY12 ended Jan 31. In FY11, the financial group paid dividend per share of 6.55 sen on earnings per share of 8.01 sen, representing a payout ratio of about 82%.

For FY12, ECM Libra’s net profit fell by more than half to RM31.5 million or 3.84 sen per share from RM65.2 million or 8.01 sen per share a year ago. Revenue came in lower at RM178.28 million against RM218.3 million.

The group attributed the drop in earnings to the sharp contraction in its securities business.

However, ECM Libra noted that it managed to gain traction in growing its stockbroking business and reported a higher net brokerage of RM47.3 million for FY12 compared with RM44.2 million before.

Posted by eagleis > 2012-06-12 20:04 | Report Abuse

buy, sell your bicycle to buy even a few shares

Posted by tangyu > 2 hours ago | Report Abuse

should i wait to get the div or sell to earn a bit?

Posted by Jolly Mypet > 2012-06-12 21:04 | Report Abuse

the ball is at your feet !

Posted by chong > 2 hours ago | Report Abuse

At the moment, DJI is in the positive territory with gains of about 90 points & if it stays in this manner, then we are to see ECM move higher today perhaps...as always decision is always yours alone.

Posted by jtpc2006 > 2012-06-13 06:54 | Report Abuse

bro Chong, the special div of 60cents to ECM shareholders is not part of the takeover deal with Kenanga? Is this add-on to the 1.10+- takeover price?

Posted by JimYeoh > 2012-06-13 10:44 | Report Abuse

0.865 nw

Posted by mrK0K3N > 2012-06-13 10:47 | Report Abuse

At this current stage, the price level to carefully look at is RM0.885 and RM0.970. Bro Chong, allow me to quote "decisions is always yours alone".
;-)

Posted by chong > 2012-06-13 10:54 | Report Abuse

Thank you brother mrK0K3N for the updates & feedback...welcome it...yes, "decisions is always yours alone"....no blaming by a few sore losers....cheers.

Posted by chong > 2012-06-13 10:58 | Report Abuse

Brother jtpc2006 , I think the special,dividend of 60+ cents is part of the price of $1.10 to $1.20 but then I may be wrong as ECM NTA stood at $1.20...so we wait for the agreement details which I presume will be out anytime from now.

Cheers jtpc2006 , all the best to all....huat huat huat lah, hee, hee,hee

Posted by nubhan > 2012-06-13 11:21 | Report Abuse

Haha. Kenanga is flying also la. Let see whether Kenanga or ECM will give more profit margin.

Posted by nubhan > 2012-06-13 11:35 | Report Abuse

Kenanga @ 0.65 , many people sapu off-market deal. What does it means ?

Posted by JimYeoh > 2012-06-13 11:55 | Report Abuse

good news coming anytime soon

Posted by jtpc2006 > 2012-06-13 11:57 | Report Abuse

thanks bro Chong, whether part of the takeover price or not, this is a good deal, and you are right, we will all huat here! Cheers!

Posted by chong > 2012-06-13 14:48 | Report Abuse

More to come in the late afternoon?

Posted by JimYeoh > 2012-06-13 15:37 | Report Abuse

sure more to come later..cheers

Posted by Su Jackie > 2012-06-13 16:09 | Report Abuse

Walau eh ! Huat ah, Soon ah, Heng ah, Ong ah !

Shout for the last time to speed up the luck for a fast rise soon !!!

Hope all of you and me can make money soon. Waited too long leow.

Posted by Eagle95 > 2012-06-13 17:24 | Report Abuse

Can eat abalone this time,fly like rocket,huat kao kao lak like tiger...cheers

Posted by JimYeoh > 2012-06-13 17:26 | Report Abuse

all can cheers together..

Posted by michaelyong > 2012-06-13 20:42 | Report Abuse

hope take over price is rm1250

Posted by usry > 2012-06-13 21:22 | Report Abuse

Long way to go to RM1.20 coz still don't know the price offer and some more the market sentiment also not healthy.DJIA also shaken and Europe also still in uncertainty mode.. May be i just watch at out side first until get a clear picture.

Posted by usry > 2012-06-13 21:28 | Report Abuse

and if i'm lucky i will get to buy again at last month level (0.79 cents)..hehe

Posted by michaelyong > 2012-06-13 21:47 | Report Abuse

maybe tomorrow (0.97 cents)...?hehe

Posted by usry > 2012-06-13 21:49 | Report Abuse

Tonite DJIA open in red .. And this will follow by KLSE tomorrow.. and hopefully may be next week it will down to RM0.79 again..same what i bought few month ago.

Posted by my101home > 2012-06-13 22:28 | Report Abuse

Usry, wish you are right. I sold out all my shareholding. My feeling told me that the deal will not be done so soon, just like OSK's case, it went through many level of approval. Price tend to overshoot when the exposure is at its peak

Posted by usry > 2012-06-13 23:15 | Report Abuse

my101home: don't follow me. I sold coz of xternal uncertainties and our market also no good. So i wait for good sign b4 enter.. May be next week.

Posted by my101home > 2012-06-13 23:34 | Report Abuse

Haha.. I not follow you, usry. I have different reason of selling.