Posted by Barbarian > 2014-05-24 10:01 | Report Abuse

Penang Govt use to like Asas .....wonder if they will continue or partner internal with them. As I know Penang. Govt will try to spread the projects amongst the developer and contractors

Posted by samsung555 > 2014-05-24 12:39 | Report Abuse

If Penang govt keep holding back, E&O will be in trouble. By then if more property downturn E&O cost of funding the reclamation will be high.

Posted by samsung555 > 2014-05-24 12:52 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/05/24/EO-ups-the-game-with-Seri-Tanjung-Pinang-project/

Posted by leo218 > 2014-05-24 19:36 | Report Abuse

samsung555
you got read the news ah ? Lim guan eng said support stp2. http://m.themalaymailonline.com/malaysia/article/controversial-reclamation-project-deal-inked-under-bn-penang-cm-says.

Posted by Barbarian > 2014-05-25 18:30 | Report Abuse

Yay propose 3 cents dividend

Posted by Barbarian > 2014-05-25 18:31 | Report Abuse

I think if win Thomas the next trading days sure surge

Posted by Barbarian > 2014-05-25 23:39 | Report Abuse

To the visionaire who predicted the South to North and shopping. U are the man. It looks like all coming true.....

http://www.theedgemalaysia.com/mobile/article.php?id=291135

Posted by samsung555 > 2014-05-26 11:45 | Report Abuse

I still holding tight...

Posted by Barbarian > 2014-05-26 13:27 | Report Abuse

Lai Liao......they are back with a vengeance

http://www.thestar.com.my/Business/Business-News/2014/05/26/Eastern-and-Oriental-targets-RM1pt2b-sales/

Posted by samsung555 > 2014-05-27 11:56 | Report Abuse

already collect profit should be good....

Posted by Barbarian > 2014-05-27 12:22 | Report Abuse

800m unbilled......I heard this year they want to be aggressive again like 2013 as things are picking up. While target is 1.2b but realizable is only 70% and the rest wil be from unbilled

Posted by smartmove100 > 2014-05-27 18:05 | Report Abuse

approval anytime

Posted by leo218 > 2014-05-28 19:53 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1638433
Mr Tham bought 110,000,000 eo shares , 110 k biji
?

Posted by leo218 > 2014-05-28 19:55 | Report Abuse

what does this mean >>> The SSA provides for a completion period of two (2) months, extendable by one (1) month. The SSA also allows for members of management of the Eastern & Oriental Berhad Group to be invited and for them to acquire a portion of the stock units, in place of Morning Crest Sdn Bhd.

Posted by samsung555 > 2014-05-28 21:28 | Report Abuse

awaits for a rebound....start to collect now......

Posted by wisdomtot > 2014-05-28 22:41 | Report Abuse

Why Morning Crest is buying E&O for RM 2.90 per share when current price is only RM 2.38? Morning Crest..do you want to buy my shares as well... give you discount RM 2.89

Posted by leo218 > 2014-05-28 22:53 | Report Abuse

any idea what is this all about ?

Posted by Barbarian > 2014-05-28 22:54 | Report Abuse

It's Terry's vehicle

Posted by leo218 > 2014-05-29 05:30 | Report Abuse

the edge daily today reported, Sime Darby sell back EO 9.9 % share at 2.9 RM back to Tham, This is to prevent Tham leave the company and to prevent the property firm falling into same situation SP setia is in now. Many executives in SP setia left after Liew sold his share.

Posted by leo218 > 2014-05-29 06:20 | Report Abuse

later price push up to 2.9 RM ?? Sime Darby buy back from open market :)

Posted by Marksmenship > 2014-05-29 09:05 | Report Abuse

Long term sure bet............

Posted by leo218 > 2014-05-29 09:09 | Report Abuse

2.55 now

Posted by Barbarian > 2014-05-29 09:14 | Report Abuse

Thank you Saturn!!!! I am sooooo happy

Posted by Barbarian > 2014-05-29 09:17 | Report Abuse

I have read and read and read soooo many time on "The Exchange" and "M&A" and yesterday I read again on OPR. Thank you a million

Posted by ymtan > 2014-05-29 09:53 | Report Abuse

Should hold ??

Posted by samsung555 > 2014-05-29 09:56 | Report Abuse

on greedy mode again........

Posted by tpchuayap > 2014-05-29 09:57 | Report Abuse

buy and keep

Posted by samsung555 > 2014-05-29 10:41 | Report Abuse

http://www.theedgemalaysia.com/business-news/291862-highlight-sime-darby-sells-eao-shares-back-to-tham.html

Posted by Joel > 2014-05-29 11:11 | Report Abuse

Me too, I also buy and keep today. Now is quering ...hope to get it today.

Posted by WXGWXW > 2014-05-29 12:28 | Report Abuse

anybody knows the state gov approval status ?

Posted by samsung555 > 2014-05-29 12:49 | Report Abuse

http://m.themalaymailonline.com/malaysia/article/controversial-reclamation-project-deal-inked-under-bn-penang-cm-says

Posted by darius_175 > 2014-05-29 13:04 | Report Abuse

Solid rock counter, buy and keep

Posted by Marksmenship > 2014-05-29 15:03 | Report Abuse

Buy and keep...............

Posted by WXGWXW > 2014-05-29 20:06 | Report Abuse

Thanks samsung555. Just a matter of time. Hold tight d solid rock counter.

Posted by Joel > 2014-05-29 21:43 | Report Abuse

I think tomorrow will be continue the trend to test RM2.60-RM2.70.

Posted by SaturnY > 2014-05-29 21:54 | Report Abuse

Time to re-check where we are.....is Terry Tham a sohchai? Sell his stake 3 years ago at premium of 60% at rm2.30 and buy back 3 years later at rm2.90. :) TheEdge would really like you to believe that in the way they write. "Sime sells back 9.94% to Terry, reduce their stake, quash the take ove rumor and avoid the Liew possibility in the SP Setia saga ..." Terry sounds like the puppet who eat, sleeps and shit at the will of Sime even to the level of buying back at a premium higher than he sold. My answer to TheEdge is simply poor critical thinking. They write what Sime wants them to see and say.

If I&P is prime over Sime, SP and a E&O, what do you think the exchange would be?...?? I have written a few pieces of this but today I just want to share just one thought.

Take this analogy
If you are a shrewd businessman and you sell your house to Mr A 3 years ago, would you buy back the house 3 years later at a higher premium than you sold? Not unless you are short sighted or don't believe in your own ability that you could have sold it much higher 3 years or more later than to do a piece of transaction like this. Now he has to buy the same house at almost 25% more than he sold. Possible? But not for a man of Terry' stature and one who wanted out many years ago.

So do you think Sime said to Terry, "here take it Terry buy back your own shares at 25% premium from his own selling price of rm2.30 3 years ago" ie Selling at further 25% higher to a man who wanted out many years ago and the man (Terry) just conveniently agreed?

Well it's going to be something much more complicated at this level.....at this level, it all about exchange and Terry is in it
Exchange 1, get stp 2 in complete the approval. This creates the re rating which is in Cimb and a Rhb's books. Both have vested interest esp the broker.
Exchange 2, pile up the sales pipeline and projects (watch for City of Elmina exchange with Sime in June) if it doesn't go thru, it could mean Sime Properties is on their own as they will also be consolidated into I&P hence relinquishing their % in EnO and they too want to prop up their numbers to show higher value for take over.
Exchange 3 , project manage London properties. Again we will need to see the exchange Prince Hse and Battersea. Liew is on project on Battersea. Terry will need to deliver a few
Exchange 4, helming the crossover into mothership. This is the most critical as most M&A lose their number during consolidation when merging. They need the key personnel to deliver to ensure numbers are intact when move into mothership.

The "Exchange" most commonly seen is additional % of shares given to the executor, re-rating value of offer base on the exchanges 1 to 4. My guess is RM 3.90 for EnO. My opinion is not rated. Pls read and understand the intended logic n flow. The price is higher than any of the investment houses but I believe the re-rating will change all include the exchange.

Ok take care folks. Time to go !!

Posted by Joel > 2014-05-29 22:02 | Report Abuse

http://biz.sinchew.com.my/node/95979

Posted by SaturnY > 2014-05-29 22:08 | Report Abuse

And one more note.....this is a sweetheart deal which means it could be inked somewhere and the period could be short. Reason why it has to be short is Govt and GLCs are changing direction too frequently and Terry will not be Sohchai enough to pay 25% premium and allow it to drag too long exposing himself to further govt flip flops and exposing his > than 10% share risk. Don't forget he still has some shares in his pocket above the 9.94%

Posted by Joel > 2014-05-29 22:10 | Report Abuse

He willing to buy back share fr SimeDarby simply he confidence E&O future,
Otherwise He wont do like that way like u said above.
He is the Founder of E&O, If I am the Founder of E&O,
I also will spend rm2.90 to buy 9% shares to increase total share in hand become 15%.
E&O's future are begin today and the following day start tomorrow.
Simedarby sold thier 9 % they also got profit around rm50mil, rite ?

Actually SimeDarby and Terry Tham also UNTUNG.
BUT, Terry Tham Untung for long run with his E&O campany.

Posted by SaturnY > 2014-05-29 22:24 | Report Abuse

Joel there is no loyalty or confidence when the majority of shares and decision direction is not yours. In this case Sime. His role is his ability to execute and deliver according to the majority shareholders direction but for his role he can demand a deal before the agrees and that what I have just suggested.

Posted by SaturnY > 2014-05-29 22:25 | Report Abuse

Got to go.....have to catch my flight to New York. Chao

Posted by Barbarian > 2014-05-29 22:28 | Report Abuse

Ok sifu. Thank you.

Posted by Barbarian > 2014-05-29 22:34 | Report Abuse

I think it will be rm3 once approval given as still huge discount from rnav. Expecting June or July for official approval as state govt wants the various agencies and developer to abide by the requirement as per tender

Posted by Barbarian > 2014-05-29 22:34 | Report Abuse

Have a good flight Saturn

Posted by Barbarian > 2014-05-30 00:16 | Report Abuse

For those who miss the report on Kinibiz. I think if they tie back to Saturns write up to retain Tham makes more sense because how do you retain Terry by selling the shares back to him more expensive . Doesn't make sense unless there are more exchange as suggested by Saturn

http://m.kinibiz.com/story/tigertalk/88270/sime-darby’s-strange-purchase-and-sale-of-eo.html

Posted by Barbarian > 2014-05-30 00:56 | Report Abuse

Resistance 2.52 TP 2.89......1 cents short of Terry Thams price

Posted by leo218 > 2014-05-30 07:23 | Report Abuse

Do u think the sell back is related to the approval ? Btw i dun think terry is the real boss of eo..azmi is the boss

Posted by Bateman > 2014-05-30 08:57 | Report Abuse

Something is brewing in E&O here. When the managing director of the company buys up to 10% of his company, we are pretty sure there are hidden corporate developments waiting to be unearthed. No one with an unsound mind would want to buy so much of its company at 20% above market if he is uncertain or bearish regarding his company's future. If you still cant get it, imagine buying an extremely expensive diamond ring for your old wife. Would you do it? I personally wouldnt unless I know my wife is undergoing a transformation into something great.

Posted by winterwolf > 2014-05-30 09:21 | Report Abuse

@ Bateman....you trust this whole set up ? 3 yrs ago, sime bought his stakes at 2.30 and refuse to do a GO, which they should, and let the price drop back to as low as 1.40 and languished there to clean up all the minority shareholders who had bought in to the story....and now, while trading at 2.20...the very same person who sold his stakes to sime is now buying back at 2.90....

personally, i will ignore counter like this, one that takes its minority shareholder as idiots.

Posted by Bateman > 2014-05-30 09:33 | Report Abuse

@winterwolf I will believe as long as the share price goes up. Not a buy and hold investor in this counter though. To me, this is a speculative counter that one should flip. Always have a stop loss as contingency plan.