Posted by mililia > 2015-04-15 22:44 | Report Abuse

There have been some kind of concerted effort to surpress the share price of E&O. Just look at the bid and offer. There is huge offer park at RM1.93 (1st bid) but not willing to go lower than that. It has been ongoing this way lately for this stock. Of course there have succeeded in surpressing the share price. But most importantly, what's the goal of them doing it.

There are 2 reasons:-
1. Accumulate ahead of the better than expected 4Q result. It was publicly known the result for the final quarter will be a stellar one, well at least in comparison for the first 3 quarter.

2. Keep the warrants price low and accumulate. But the problem with warrants are the holders of these securities are pretty inelastic to the movement of the mother share. That said, there have been sign of accumulating then now consolidating. At the end of the day, it all depends how strong are the holders of the warrants. Long term holder will keep warrant especially everyone knows the RNAV of this stock will increase with its reclamation program in STP2. That's explain the inelasticity of E&O's warrant.

Only time will prove whether this theory is true. Result most likely to be announced in May...

Posted by Rockford > 2015-04-16 14:14 | Report Abuse

http://www.thestar.com.my/News/Nation/2015/04/15/Sky-Cab-Penang/
exciting times

Posted by Rockford > 2015-04-16 15:21 | Report Abuse

Lambito, good job.
Overheating, if can cool down without sacrificing the price drop

Posted by Rockford > 2015-04-16 15:34 | Report Abuse

i will check on Mudajaya tonight.

Posted by rlch > 2015-04-16 15:42 | Report Abuse

STP1 almost complete. STP2 land yet to reclaim. Where is property development revenue going to come from Penang island? Better exposure to Penang Island property is Ivory which is cheapest compare to Hunza, E&O, Tambun, EcoWorld, GOB etc.

Posted by mililia > 2015-04-17 00:02 | Report Abuse

Voila... After my previous posting and guess what's the latest announcement from E&O? It may sound like a conspiracy theory but I believe it is not. Mr. Tham bought in total 1,000,000 units during 14th and 15th of April.

Based on this exercise, we roughly can establish two things:-

1. The floor price for this stock even after assuming my conspiracy theory is wrong.
2. The floor price for the warrant.

And if one is to agree with the point 1 and 2, then the volatily based on current floor price to the peak price makes warrants extremely attractive. Warrants are most attractive when it is at the bottom and has high volatily. I have written about warrants pricing for E&O, if you are interested just find my old postings.

That's my 2 cent.

Posted by mililia > 2015-04-17 00:12 | Report Abuse

rich: You may want to look at the other projects by E&O other than STP1. Secondly, no way the land reclaim will be consumed by E&O solely. So don't be surprise there will be land sale during the reclamation work.

Reclaimation cost will set the base value of the land in STP2.
Land sale will push the value of the land even higher from the base value.

That will a major catalyst for E&O. If Batu Kawan is able to sell at such valuation, how much do you think the reclaimed land will worth on the island? We are talking about raw land here. After setting the price of the raw la d through land sale, the value of the land will be further enhanced by building on those land. If you are to consider potential GDV versus their reclaimation cost, you will realized E&O is deep in value. In fact, very deep in value!

Posted by Rockford > 2015-04-17 11:32 | Report Abuse

Panic seller meets demand buyer

Posted by Rockford > 2015-04-17 11:37 | Report Abuse

Once seller rate down price will moe

Posted by cheeseburger > 2015-04-17 21:54 | Report Abuse

Weaker ringgit may mean good time for foreigners to pick up Malaysian property

http://www.businesstimes.com.sg/real-estate/weaker-ringgit-may-mean-good-time-for-foreigners-to-pick-up-malaysian-property

Posted by w00761klt > 2015-04-18 01:15 | Report Abuse

totally agreed

Posted by pykhoo > 2015-04-23 22:53 | Report Abuse

Anybody know why this counter non stop moving down?

Posted by wisdomtot > 2015-04-23 22:53 | Report Abuse

tomorrow technical rebound? only tomorrow can confirm if doji and high volume are indicating a reversal..

Posted by Unbeatable Nick > 2015-04-26 22:49 | Report Abuse

look likely to rebound

Posted by jeannie > 2015-04-28 12:31 | Report Abuse

die dy this counter...now 1.91 adui..sweating

Posted by spaghetti932 > 2015-04-28 14:45 | Report Abuse

kanasai ..... when it's 2.30 i didn't sell as i got higher hope on E&O, now it's like shit.

Posted by jeannie > 2015-04-28 15:15 | Report Abuse

me too....now lau sai la

Posted by mililia > 2015-04-29 00:59 | Report Abuse

This is not a stock specific issue. The market in general is weak. What is more interesting is the CEO himself keeps buying back the share at this price. If he is purchasing it at a small quantity then it is meaningless, but for a trade to worth RM1million for every buyback, it speaks some assurances. Something is definitely coming for this stock, because no one will put their substantial money in when the market is direction-less currently. Why not wait even if you are the one running for the company?

For risk adverse investors, I suggest buying the stock. But for higher risk investors with investment horizon of 1 - 2 years, I strongly suggest to buy warrant, because you will be able to DOUBLE your money at least. In term of matrix comparing to its peers, E&O's warrant provides the highest gearing with relatively lower premium. You can do a check the peer comparison using your e-broking account.

I am strong believer, the company will need the money from the warrants, in order to support its development in Penang. Projects in UK will depends on its successful listing in UK which is coming or perhaps JV with local partners, just like what they did with Mitsui Fudosan. Just watch this space.

Posted by Rockford > 2015-04-29 19:56 | Report Abuse

You are right militia, Terry bought again today another 500k volume. More or less he knows his unaudited number. JV with Fudosan with land sales was completed before end Mar and should be accounted those number plus the high unbilled. Did a check also on GK Goh securities arm which is owned by CIMB. This counter does 30c sprint each time but when down it is very slow. It had been moving slowly for mths now and I too think it may be awake. Good luck!!

Posted by Rockford > 2015-04-29 20:31 | Report Abuse

Lambito, the counter from my observation is not bullish driven but hv connotation of some political drive. It has solid track record for its mgmt role maintaining it's debt level held low up until now with the purchases of UK forays which the level will be balance with the coporate exercise MTN and also the warrant. This shows the mgmt s action with each purchase and not let the debt implode internally

Posted by wisdomtot > 2015-04-29 20:51 | Report Abuse

Rockford and mililia...good sharing... thanks...

Posted by Rockford > 2015-04-29 22:41 | Report Abuse

Wisdomtot, Lambito, Mililia, I hv sent a message here to your email. See what you think.

Posted by certified > 2015-04-29 22:49 | Report Abuse

Good fundamental n structure...rock on!

Posted by mililia > 2015-04-30 12:15 | Report Abuse

Hi Rockford. Do you mind to re-send the email? I didn't receive any email from you. Thanks.

Posted by Rockford > 2015-04-30 13:36 | Report Abuse

its in the notification email address that you hv with i3. Did you receive it?

Posted by mililia > 2015-04-30 15:57 | Report Abuse

Hi Rockford. Unfortunately no, if you don't mind please send to:- pakar.ekuiti@gmail.com

Would love to participate in your discussion. Thanks.

Posted by Rockford > 2015-04-30 20:58 | Report Abuse

I hv sent to ur email

Posted by mililia > 2015-04-30 23:04 | Report Abuse

Hi Rockford. Thanks. I have already replied.

Posted by mililia > 2015-04-30 23:08 | Report Abuse

The MD continue his buying spree amidst lower volume today. It is interesting to note, there is a divergence between the warrant and mother share. Someone is "silly" enough to dump 8 share, 600 share just to bring the price down. Intentionally? I don't know...

What I know, the buying back is a good sign...

Posted by Rockford > 2015-04-30 23:18 | Report Abuse

The warrant premium is too high.
Exercise Price 2.60
WB 0.37
Mother 1.95
Premium of 52%

What may be attractive is TT bought back fr Sime at 2.9 and Exercise+ WB = 2.97 which is really the price to catch on. Also avg of TP given the 6 IB is 2.88 which is quite close

Posted by Rockford > 2015-04-30 23:20 | Report Abuse

I m quite sure the performance of coming Q will b good given the high unbilled + JV sales.

Posted by DreamConqueror > 2015-05-02 15:42 | Report Abuse

Edge's FV for E&O is 4.73 ... very handsome upside over current price ...

Posted by Sunkist118 > 2015-05-02 16:16 | Report Abuse

Can go up to 4.73???

Posted by rlch > 2015-05-02 16:30 | Report Abuse

Time frame? 10 years?

Posted by rlch > 2015-05-02 16:34 | Report Abuse

Who got money to push it up so high when EPF no more substantial shareholders.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/3049293

Posted by DreamConqueror > 2015-05-02 17:01 | Report Abuse

Well, let's put it this way. If you wanna wait until it hits RM3 before you cud be convinced, then you'd already be RM1 too late ...

Posted by Sunkist118 > 2015-05-02 18:22 | Report Abuse

Wah can reach rm3 so fast....I sell Hevea I come here to buy...

Posted by gray > 2015-05-02 18:23 | Report Abuse

When was the edge's fav given?

Posted by Sunkist118 > 2015-05-02 18:24 | Report Abuse

I in Penang last week also hear a lot of friends talk about Tanjung Tokong reclamation for E&o and mainland development by EcoWorld and GOB.

Posted by Sunkist118 > 2015-05-02 18:26 | Report Abuse

They say the Japs and Chinese are invading....

Posted by Sunkist118 > 2015-05-02 18:27 | Report Abuse

They not target locals leh

Posted by gray > 2015-05-02 18:46 | Report Abuse

This stock dam jia lat

Posted by Sunkist118 > 2015-05-02 20:04 | Report Abuse

So cannot buy Ah?

Posted by DreamConqueror > 2015-05-03 00:11 | Report Abuse

Posted by gray > May 2, 2015 06:23 PM | Report Abuse

When was the edge's fav given?
_______________________________________________________________________

FV, Fair Value, not fav ... Given about 2 weeks ago ...

Posted by Sunkist118 > 2015-05-03 11:05 | Report Abuse

Can share link Mr DreamConqueror...me cannot find

Posted by Saturn > 2015-05-04 22:07 | Report Abuse

This will be my final post.......the end has been foretold....very good for those who are latching on.....
Remember the story I told of the UK foray which eventually would split into two E&O, well call it E&O MY and E&O UK for now. TT and Eric has confirm what I have said a year ago stating that they are looking to buy a UK listed company and eventually be an independent entity in the sense that their PNL would be independent of the other.
Now what they have not said is when and why right?

My story went on to share why TT bought back the shares at rm2.90 with one of the reason being that Sime would not be able to do without a head honcho at helm for London projects. Some of you have also posted links of the growth of properties in London. Who would have been in better position to take helm of London purchases and development more than TT simply because TT is not only spending most of his time in London but have also developed myriad of major and successful projects under his belt.

All that I have written to this point carries no barrier to support why I see E&O will succeed moving forward except to offer some insights which eventually TT himself has announced what I said earlier. So I was right about the UK foray however that does not mean anything at this juncture. Why? Because the big picture has still not been clear to all as yet. Let's examine, in sequence

1. Bought 1st UK property
2. Completed the DEIA but delay in state approval
3. TT bought back 10% from Sime reducing Sime holding to approx 22% from 32%
4. TT offered these block to the senior management
5. E&O got the all important approval from state Goverment for the development of STP2
6. Warrant listing
7. Bought 3rd UK property

Up to this point, the share price was on an uptrend channel while awaiting the tender. The tender dates were moved forward 3times (understandable since there were many contractors (Govt contractors, tender contractors...) and DEIA to observed. As this was going on, investors became impatient because Mar deadline (before Apr GST) was nearing. Though I did ask all to sell by Mar before the further decline starting Apr onwards due to the uncertainty in GST, however I am looking forward to May. So will it be "Sell In May" and come back in August after summer or will it be the start of the engine for E&O? Let's examine the below

8. Tender expected award is in July

From now till July is 3mths however May is also the financial result mth. For E&O, the financial report coming out in May is not only for Mar 2015 quarter but also a year closing ie FY 2015. From the accrued unbill and the expected financial performance, this may be the first kickstart for the share price to move again.

Up to this point it is actually business as usual expectation. I am only bringing things up to date.

But up to point 8 we expect and anticipate an organic growth. My last story went on to tell of how the GLC are going to come together to deliver a business more robust. To deliver this, everything needs to fall into place. This means STP2 all approved, reclamation tender awarded, UK purchases all complete, E&O UK properly registered, and now the GLC can just take over with everything served and ready for revenue. But just take one step back, the GLC's biggest problem is timing. The timing was poor during the departure of LIew fr SP Setia, the timing was poor with the tightening of loans, RPGT, and now GST....We know the GLCs does not have any good candidate who can replace Liew so much so that the have to keep Liew as Project Chairman for Battersea even though he has a conflict of interest now working on JV on Ballymore in UK. This part will be address with TT helming London with the exchange of buying E&O MY back and restarting an entity E&O UK with TT to helm. True? Let's us see if I am right

Posted by Rockford > 2015-05-05 08:09 | Report Abuse

Thank you Saturn

Posted by pykhoo > 2015-05-05 17:15 | Report Abuse

Drop another 0.05. Why?

Posted by wisdomtot > 2015-05-05 23:07 | Report Abuse

In my opinion, the drop today was kinda manipulated down. After the shark bought up the largest block at 1.94, they were happy to let it fall back to 1.90 to accumulate more. It could have easily ended up at 1.93 with a single bid, but the sharks were happy to let it stay at 1.90. My take, hold and see the actions in the coming few days. Trade at own risk..

Posted by Sunkist118 > 2015-05-05 23:10 | Report Abuse

Can buy wisdomtot?