Posted by Equityengineer > 2014-11-07 08:23 | Report Abuse

Really confusing with the the figures .. I will just hold paper loss for now ... Dunno what to decide ..

Posted by Secret_Investor > 2014-11-07 09:21 | Report Abuse

lets hold for next round for rally !

Posted by Bai Zun > 2014-11-07 12:19 | Report Abuse

These ppl just make it so complicatedly confusing

Posted by Equityengineer > 2014-11-07 14:44 | Report Abuse

Drop below 2.50

Posted by cheeseburger > 2014-11-10 16:51 | Report Abuse

it has reach the mid-point. this week moving trend will be important to watch...once break may slide further far.

Posted by SaturnRises > 2014-11-10 18:12 | Report Abuse

Will be interesting tomorrow! One more step in! Imagine everything ready and LGE better speed up. What business have planning with all in place and awaiting for a certain approval? 3/4 Money planning ready, GK ready, EPF ready AMMB ready, RHB err should be ready.....Public Bank err forget them for the time being.
Engine started, turbo check, track 3/4 cleared, nitrogen added, first 5 years 350 big ones ready to roll, short term start up with appetizer to include Bonus and warrant to get the andrenalin pumping followed by the initial steroids to bulk up within first 5 years. It won't be Lee Chong Wei foul up but would be Muhammad Ali in prime lasting 20 rounds.

Posted by SaturnRises > 2014-11-10 18:17 | Report Abuse

If EnO sub the first land deal out to secondary contractor and Property developer to initiate the first valuation to kick start STP2, as I said before, they will go with a Private placement second to steamroll the financial with this long 20 year forecast

Posted by greatinvestor > 2014-11-10 18:45 | Report Abuse

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): COMBINATION OF NEW ISSUE OF SECURITIES EASTERN & ORIENTAL BERHAD (“E&O” OR “COMPANY”) • PROPOSED BONUS ISSUE • PROPOSED FREE WARRANTS ISSUE • PROPOSED REDEEMABLE CONVERTIBLE MEDIUM TERM NOTES ISSUE (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

EASTERN & ORIENTAL BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
COMBINATION OF NEW ISSUE OF SECURITIES
Description EASTERN & ORIENTAL BERHAD (“E&O” OR “COMPANY”)
• PROPOSED BONUS ISSUE
• PROPOSED FREE WARRANTS ISSUE
• PROPOSED REDEEMABLE CONVERTIBLE MEDIUM TERM NOTES ISSUE

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

We refer to the announcements dated 5 September 2014, 22 September 2014, 8 October 2014 and 31 October 2014 in relation to the Proposals. Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the aforesaid announcements.

On behalf of the Company, HLIB wishes to announce that Bursa Securities, vide its letter dated 10 November 2014, approved the following:

(i) the admission of Warrants to the Official List of Bursa Securities and the listing and quotation for up to 228,188,922 Warrants to be issued pursuant to the Proposed Free Warrants Issue;

(ii) the listing and quotation of up to 114,094,461 new E&O Stock Units to be issued pursuant to the Proposed Bonus Issue;

(iii) the listing and quotation of up to 228,188,922 new E&O Stock Units to be issued arising from the exercise of the Warrants; and

(iv) the listing and quotation of up to 350,000,000 new E&O Stock Units to be issued pursuant to the conversion of RCMTNs-A.

The approval granted by Bursa Securities for the Proposals is subject to the following conditions:

(i) E&O and HLIB must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the Proposals;

(ii) E&O and HLIB to inform Bursa Securities upon the completion of the Proposals;

(iii) E&O to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposals are completed;

(iv) E&O and HLIB are required to make the relevant announcements pursuant to Paragraph 6.35(2)(a) and (b) and 6.35(4) of the Listing Requirements; and

(v) to furnish a certified true copy of the resolution passed by the stockholders of E&O at the EGM for the Proposals.

Posted by cchuan > 2014-11-11 00:22 | Report Abuse

Any idea when will be the cut off date for the investor who owns the share to get the bonus, warrant and etc?

Posted by SaturnRises > 2014-11-11 11:39 | Report Abuse

Good luck

Posted by jeannie > 2014-11-11 14:39 | Report Abuse

its approved and still plunging down, kindly advice still can accumulate??

Posted by tan5995 > 2014-11-11 15:17 | Report Abuse

useless counter, cannot be trust !

Posted by Equityengineer > 2014-11-11 16:20 | Report Abuse

How is it going on ? What is the outcome ...

Posted by Fatso8 > 2014-11-12 00:35 | Report Abuse

I believe warrant will be cheap. Pls refer to my calculation earlier. On the bonus portion, if bonus is 10:1 that means 10/11 times the last price (VWAP when it happens) approx 90% multiply the last price. So if last price is y = VWAP = > 2.90+X = assuming 3.2 then the price Is 2.88 after bonus issued base on almost 10% dilution

Posted by Fatso8 > 2014-11-12 10:16 | Report Abuse

My opinion is must be less than 48cents for the warrant. Assuming 20cents , 0.20+2.90 = 3.10 the mother share must be above 3.10 to be attractive. Let's see if iam correct

Posted by Equityengineer > 2014-11-12 15:56 | Report Abuse

So when will this share up again ?

Posted by Fatso8 > 2014-11-12 18:23 | Report Abuse

Wait awhile I ask GOD when share will up. Just hold on Ya...

Posted by tan5995 > 2014-11-12 19:59 | Report Abuse

Don't highly expect this counter

Posted by gray > 2014-11-12 20:01 | Report Abuse

omg...... eno .... make me need to drink ENO.....

Posted by charlie82 > 2014-11-13 05:23 | Report Abuse

here's a newbie calculation ....correction welcomed
2.90 x 10 / 11 = 2.64 (TEBP)
new warrant usually traded at say about 20% premium
2.64 x (1+0.2) = 3.16
new warrant value estimate = 3.16 - 2.90 = 0.26

Posted by Fatso8 > 2014-11-13 08:23 | Report Abuse

Charlie82 your first calculation is bonus dilution not warrant. Bonus is 10:1 Warrant is 5:1. Assuming is 2.90/6 = 48cents and should be <48cents to be attractive unless price can go above 3.38 for mother. Your 26cents is reasonable as it adds up quite close to my number which mean the mother got to trade above 3.16 to be attractive

Posted by Fatso8 > 2014-11-13 09:04 | Report Abuse

I m waiting at 2.45 and below. Come baby

Posted by Fatso8 > 2014-11-13 09:47 | Report Abuse

Looks stuck at 2.49, my queue at 2.45. Hope it drops a bit for my picking

Posted by Fatso8 > 2014-11-13 09:55 | Report Abuse

Ayeiyei. Go up to 2.5 band. Hv to q higher. Today seem like stable

Posted by Fatso8 > 2014-11-13 11:36 | Report Abuse

Buy rate 71% looks like two weeks grace before 28 Nov meeting is shoring early.results? Anyone?

Posted by charlie82 > 2014-11-13 12:34 | Report Abuse

I got in yesterday price
IMO not a hard decision given currently deemed discounted pricing

Posted by Fatso8 > 2014-11-13 13:57 | Report Abuse

Congrats Charlie" I had to get at higher price

Posted by Fatso8 > 2014-11-13 15:29 | Report Abuse

Coming down to daddy...:)

Posted by SaturnRises > 2014-11-13 16:01 | Report Abuse

I have written many pieces on this before that housing and property prices will not be coming down anytime soon. For those who remember the reason, this will be compounded by the fact that inflation in general in all around and the richer countries will dominate in property buying. We know Japanese have very strong influence and presence on the island even way back in the 90s.
We have said many times that everything in Malysia is expensive from car to property to stock market and so on. However we are indeed expensive even taking away referencing to our per capita income. In this region, we charge for many thing which can be taken as per item charges which added is significant. Example for cars, we have import tax, excise, and on top of that we have tiered road tax which is inclination base on CC. In addition to car maintenance cost, we have petrol price which top the region and top the price of oil producing country. With the subsidy on the way out, GST coming (which will affect the property side), we can expect transportation to skyrocket. When this happens, we will have another at country level inflation added.
What can you expect to happen?
As oil & gas and transportation is the base to everything, from transportation to logistics to energy production and factory operation....can you imagine how it will affect each sector in cost? I am expecting another 20%. Yes 20% inflated to the current price with 5% added at each tiew of supply chain and minimum 4 levels. Have a though

http://www.therakyatpost.com/business/2014/11/13/housing-woes-penang-penangites/

Posted by vews08 > 2014-11-13 22:14 | Report Abuse

Tomorrow drop to 2.2

Posted by Fatso8 > 2014-11-14 00:43 | Report Abuse

Price of property go up up up and if buyers are foreigner hedging, no difference if take up rate is high. Just read another article on Ivory sales in tanjung Tokong grab until left 10%. Kar Yau kar yau

Posted by Fatso8 > 2014-11-14 09:29 | Report Abuse

Still waiting at 2.51

Posted by wonng123 > 2014-11-14 10:07 | Report Abuse

Fatso8, ru sure it will drop until 2.51?

Posted by Fatso8 > 2014-11-14 10:50 | Report Abuse

Wonng123, I don't know I am only hoping. I requeued to 2.50. Reason being I believe next week may have action as it will be 2 weeks before everything..the financial, the EGM, the vote decision which will definitely be passed thru

Posted by wonng123 > 2014-11-14 11:03 | Report Abuse

lol... i was hoping to get at 2.45...
but now i dont think there is a chance...
may be it will be floating around this range 2.5 - 2.6

Posted by Fatso8 > 2014-11-14 11:16 | Report Abuse

Likely to be above 2.6 next week. AMMB seem very bullish on this counter. Just added 7 cents to the 4 target

Posted by Fatso8 > 2014-11-14 11:17 | Report Abuse

ENO mgmt need to update on approval of guideline to be followed

Posted by Madsua > 2014-11-14 18:08 | Report Abuse

Wah fatso yo so Chun at 2.51. Monday how?

Posted by Fatso8 > 2014-11-15 22:15 | Report Abuse

Wait awhile, let me ask God...wait Ya. For those who play Bonus and warrant will understand where I am coming from. I owned Amcorp and Pestech earlier which is already post bonus. Few things to notice is period are short upon the final announcement with ex-date and secondly there is a drive normally based on RNAV + projects in hand. Here Nav is 4.73 and the project is Stp2, Iskandar and London Prince and Esca hse and valuation is soon for Penang . Recently Ivory posted a very good sale in Tanjung Tokong with 10% unsold only. In EnO case it's more of getting valuation and the longer the delay, the higher the valuation.

Posted by Fatso8 > 2014-11-15 22:32 | Report Abuse

The other thing to note is Terry the MD bought back 10% the share from Sime at 2.90 and have scheme drawn up for these 10% to the Senior Management while 2.30 is line drawn from earlier legal suit by minority.

Posted by Fatso8 > 2014-11-16 00:26 | Report Abuse

This is an old news on Nov 4 on ENO, but for calculation purpose if below is correct taken VWAP up to Sept 4 the announcement date by SC on approval, at 2.854, with a conversion price of 2.90, you will have premium stated below. Premium is always better low as it denotes cheap or cheaper warrant. With the current price of 2.51, the premium is 15% which will not make warrant attractive. Make sense? There are two game in play here and the second being bonus. My earlier remarks mention the bonus drive up. If the bonus drive UP touches RM Z, it will be 10/11 times Z on bonus day and Z will ensure both warrant premium and bonus dilution price attractive. Make sense?

http://www.thestar.com.my/Business/Business-News/2014/09/06/EO-plans-bonus-issue-warrants-and-debt-notes/?style=biz

The note from the link
"The company said the indicative exercise price of the warrants was assumed at RM2.90, representing a premium of around 4.6 sen or 1.61% to the five-day volume weighted average market price of E&O shares of RM2.854 up to and including Sept 4."

Posted by Fatso8 > 2014-11-16 00:32 | Report Abuse

If Z is RM3.20, premium at that point will be about -9.4% while dilution will be at 10/11 times 3.20 = 2.90. This mean anything above Z > 2.90 will improve the dilution price while maintaining a low premium in negative

Posted by SaturnRises > 2014-11-17 10:14 | Report Abuse

Two things highlighted this morning
1. Property price will go up temporary when GST implemented
2. Japan slips into surprising recession

I think whoever wrote this piece on property and gst must be sleeping. The prices of things in anticipation of GST is already rising prior to implementation. What this means is when GST is implemented, it's only formality because everything is sky high by then. The few very key governance fr our incumbent govt ie OPR and fuel in rising. One pertaining everyday loan and the other pertaining everyday operation operation & transports. When the later is affected, everything rises while business taking loans have to serve a heavier baggage
On the other hand, Japan falling into recession, is not as surprising as said. Why? No 1 recession is a consecutive 2 quarter failure to meet gdp. So they have earlier known that Japan already failed first quarter right? Secondly the hint was from the stimulus injected recently by BOJ. What is surprising though is how did they fail when Japan being a tight knitted economy. Talk to any Japanese and they will tell you they alway support japanese good whether in Japan or outside. My guess is the gdp target setting was way off similar to some of those set by businesses like IBM of late. I really don't see reason to panic however I do see reason to assimilate in fundamental.

What this means is business complexity is at the most sensitive level at the moment because changing a small area my trigger a large wave. For example, if my revenue has already been exhausted and saturated, anything new that I introduce my be significant provided efficiency in the workforce contribution increases. We know japs are hard working and efficient nation & people and I believe their businesses have saturated hence this leaves only the new business that they must endevour to ensure maintenance

Posted by SaturnRises > 2014-11-17 14:36 | Report Abuse

One Marriage today at 500k...

Posted by SaturnRises > 2014-11-17 14:56 | Report Abuse

Second marriage...500k

Posted by SaturnRises > 2014-11-17 15:00 | Report Abuse

There should be a third marriage....bloody polygamist..

Posted by SaturnRises > 2014-11-17 15:02 | Report Abuse

All set for EGM 28 Nov next week....

Posted by SaturnRises > 2014-11-17 16:49 | Report Abuse

Third marriage done ..

Posted by SaturnRises > 2014-11-18 13:56 | Report Abuse

For the hard core fans of E&O.


http://m.youtube.com/watch?v=dSF6K069GtU

Posted by charlie82 > 2014-11-18 14:28 | Report Abuse

FYI IBM EPS target of $20.00 was set in 2010. Last month news in conjunction with 3Q earnings was to declare this target is not likely hence IBM share price tumbled. Having said that still E&O fan :-)