Posted by Gregorian > 2015-10-29 09:14 | Report Abuse

As promised the second revelation yesterday. There will be one more late November/December.

Gregorian
Stock: [E&O]: EASTERN & ORIENTAL BHD
Oct 7, 2015 07:42 AM | Report Abuse

There will be another revelation either late Oct or November. E&O has amongst the most foreign channels for marketing in Singapore, Japan, UK and Taiwan. That's why they are confident of 173M. The difference between E&O and other high end, is lifestyle.

Posted by Rajuan_Singh > 2015-10-29 09:21 | Report Abuse

Don't Sell!! BUY!

Posted by Rajuan_Singh > 2015-10-29 09:37 | Report Abuse

Patience if you want to win big.

Posted by chasz > 2015-10-29 10:46 | Report Abuse

y not so convincing

Posted by Wondermama > 2015-10-29 10:54 | Report Abuse

My strategy for 1.62 to add and wait for 1.64/1.65 still same. Passing 1.68 may hv breakout

Posted by Anti_debt > 2015-10-29 14:43 | Report Abuse

In i3 people said debts are very bad. Has E&O settled old debts before taking new one?

Posted by Rajuan_Singh > 2015-10-29 14:45 | Report Abuse

Some ppl just cannot read! They want to be spoon fed. Sigh!!

Posted by Anti_debt > 2015-10-29 14:47 | Report Abuse

I want KC Chong or paperplane2 to explain. If possible ask them to come here.

Posted by mightymouses > 2015-10-29 15:35 | Report Abuse

Paperplane my fren in BTM. Anti-debt u sound a bit retarded the way you write. On one hand your name is anti-debt on the other hand you need to call for backup. In my books it is called mou liu. Betul Ka?

Posted by Jackma76 > 2015-10-29 20:32 | Report Abuse

Finally, after waited so long the contract to be awarded.

Posted by HakChai > 2015-10-29 20:46 | Report Abuse

The WB has moved 6cents today.

Posted by HakChai > Oct 13, 2015 04:45 PM | Report Abuse

Buy the WB....more leverage

Posted by projecti2016 > 2015-10-29 21:04 | Report Abuse

So many BUY calls on this counter. Uptrend (slow?)

Posted by HakChai > 2015-10-29 21:16 | Report Abuse

Base on my calculation, at mother RM2.60 WB will be 60-65cents.

Posted by Gregorian > 2015-10-30 10:01 | Report Abuse

1Million shares just bought at Sell position. It looks like a marriage.

Posted by sell > 2015-10-30 10:13 | Report Abuse

Spending RM 2 billion is easy. Getting back the money easy?

Posted by Rajuan_Singh > 2015-10-30 10:28 | Report Abuse

No more land in Penang island. What do you think??

Posted by chasz > 2015-10-30 10:49 | Report Abuse

gregorian whats that means?positive? as now the share going down

Posted by Rajuan_Singh > 2015-10-30 11:52 | Report Abuse

Ppl keep forgetting that the cost of the reclamation is cut by more than 50% from he original 150psf but harp on the funding. As Terry Tham in the end of the Bursa announcement mentioned that they are finalizing on the TERM loan and reclamation is to proceed in Dec, ppl need to realize that it is the first roll amongst the 3phases. They only need to develop 88acres and settle the loan if they choose to selling it at 400-500psf. Do the calculation and you will understand what I mean

Posted by Rajuan_Singh > 2015-10-30 12:05 | Report Abuse

Read the point no 4 written by EnO_Turboblast on option written sometime back and compiled below. Loan is secured already. Similar to us buying houses with loan from bank for 20-30years and we bring down the loan principal sum each time we hv bonus or make money fr stock market or sell another house.....but it all depends on timing isn't it? In this case, E&O can settle their phase 2A debt by selling once certain proportion is completed to pay off they loan in totality for that phase.

http://klse.i3investor.com/servlets/forum/902240796.jsp

Posted by Anti_debt > 2015-10-30 13:20 | Report Abuse

RM 2 biliion debts on top earlier RM 1.2 billion debts meaning RM 3.2 billion debts. Below RM 1 I can buy.

Posted by Anti_debt > 2015-10-30 13:21 | Report Abuse

Potential bankrupt company. 80 sen or even lower better.

Posted by Rajuan_Singh > 2015-10-30 16:26 | Report Abuse

Where you get 3.2b debt??
Anti_debt, since today I hv a bit more time I just share lah with you ok.
Firstly reclamation cost is substantially reduced from earlier suggested 150psf. In fact it was reduced half. What was calculated, pls use your own calculator so you don't get confused
Phase 2A = 253 (original reclamation ) + 131 (foreshore Gurney) = 384 acres
384acres = 1673e+7
Therefore 1673e+7 * 150 = RM 2.51Billion vs Phase 2A current award at RM1.035Billion

It is more than half of initial thought cost. Hope that is clear!

Now you hv to understand that, you only pay interest for what the bank has release in loan. In this case, just take Phase 2A, the bank will not release the loan of RM1.035B, that's why Terry explain that they are finalizing the TERM loan. This term loan is only release upon completion of stages in reclamation! Exactly like housing loan whereby completion of each stage stipulated, will warrant the disbursement of funds.

So if you now understand debt and loan and not make statement s above, I will explain the following

Once the completed 88acres roughly, they will be able to pay for the reclamation
88acres = 3.833e+6sq ft
Roughly minimum land price psf range between 400-500psf
Take the lower of the range ie 400
Just reclamation alone,they can sell the 88acres reclaim land at
=3.833e+6*400=1,533,200,000 ie RM1.5B vs cost of RM1.035 Phase 2A cost for 384acres.

This means 88acress complete can pay more than Phase2A 384acres cost.

Now if you understand that, it will never be accumulated debt. More so if they get a JV partner and even more so a ready buyer. Take note that Penang PDP and PTMP also moving ahead which will tie it seamless infrastructure to the mainland

So now they hv also secure the term loan and it is just a matter of contra upon each term release fund and ensure he asset at the end will interest free with more extraordinary gain.

As for UK foray, as Gregorian said, the announcement is expected end of Nov or December. Debt exposure is down to 0.38 fr 0.6. So what debt are you worried about????

Posted by Rajuan_Singh > 2015-10-30 16:32 | Report Abuse

For those who still want to argue, pls show me a prime land on Penang island that you can buy for less than RM75psf as would be the cost for E&O to reclaim and I will try to see your point of view

Posted by Hiro > 2015-10-30 16:42 | Report Abuse

Thanks Mr Rajuan Singh. These ppl don't understand loans and term loans that's the problem. I also understand now E&O_turboblast meant in his options in pt4.
I can relate the story now because I also took loan of 700k for my house and my income is 10k per month. The banks now take net income to work the loan. So for E&O target revenue of 173M vs loan of RM1B no difference with my loan in terms of gross income over loan.
Be more responsible in making statement like bankrupt because it show on you understanding

Posted by Hiro > 2015-10-30 16:48 | Report Abuse

Kikikiki....anti_debt now got to find other news.

Posted by Wondermama > 2015-10-30 17:08 | Report Abuse

Investors should be concern that E&O cannot secure loan and not the debt because as long as they can move forward, the rest will be expansion.

Posted by mightymouses > 2015-10-30 18:13 | Report Abuse

Anti_debt, got learn a thing or two or not.?? If you debt collector, die lor. You go harass people who don't owe you money, mati lor.you sure bankrupt and every time must call paperplane and Kcchong. How lar?

Posted by mightymouses > 2015-10-30 19:15 | Report Abuse

Aik got banking facilities Liao to defray the reclamation.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4908345

Posted by mightymouses > 2015-10-30 19:24 | Report Abuse

What else still outstanding? From the information provided, all approval in, tender awarded, financing confirmed, reclamation cost reduced by more than 50%, debt contain with London PLC, ...Ready to go ? I like counter got blackbird one.

Posted by Airo Chasz > 2015-10-30 19:31 | Report Abuse

What that means mightymouses?

Posted by mightymouses > 2015-10-30 19:35 | Report Abuse

Financing secured lor....aiyaaaa

Posted by mightymouses > 2015-10-30 19:36 | Report Abuse

Ready to rock and roll lor

Posted by Hiro > 2015-10-30 19:48 | Report Abuse

Yee har....ready to go.

Posted by Hiro > 2015-10-30 19:54 | Report Abuse

http://www.theedgemarkets.com/my/article/eo’s-stp2-reclamation-project-kicks

Ks55, interest is base on progressive payment. So as mentioned by Rajuan, they only pay interest by stage of the progress when the bank disburse

Posted by Hiro > 2015-10-30 20:00 | Report Abuse

According to Affin Hwang their TP also 2.54 close to the TP1 of 2.60 and the TP2.60 by Public Bank. In addition they also quoted
"E&O’s current price to RNAV of 0.4 times is at a sharp discount to the sector average of 0.6 times"

Posted by Hiro > 2015-10-30 20:11 | Report Abuse

The secured loan is RM1.084 does not mean they will use all before they pay back right? Like us we alway try to bring down the loan at the slightest chance right. Moreover using loan money to earn more money to payback is business.

Posted by Rajuan_Singh > 2015-10-30 20:23 | Report Abuse

Guys this is business while the progressive payment is similar to buying house but we must remember they will make more with than the loan. In addition what this means is the options are wide now. If JV is better at this point of time then choose JV if they can find but if they feel flipping is more important than again it is a business decision. The important thing is with all the approval, they hv choices and not just stuck with one option. They will choose the option that makes most sense and money in shortest time I believe

Posted by Rajuan_Singh > 2015-10-30 21:09 | Report Abuse

Whether right or wrong, we use our own calculation to substantiate. This exercise lock in the cost which is key essential moving forward. Nothing to argue there neither the debt since already explain together with also the price to RNAV of 0.4

Posted by Rajuan_Singh > 2015-10-30 21:10 | Report Abuse

I don't see any other area of concern

Posted by Rajuan_Singh > 2015-10-30 21:14 | Report Abuse

Try to think this way
When we think property development we think GDC vs GDV
Similarly, when they reclaim the land, the land can also be sold with profit and appreciation if they do not want to proceed to develop the land. That would be even faster flip

Posted by chasz > 2015-10-30 21:14 | Report Abuse

so,next week the share price will go north or south

Posted by EnO_TurboBlast > 2015-10-30 22:20 | Report Abuse

E&O initially wanted to go for Bank Guarantee but change to Bank Debt. You would only do that if you know the loan can make more money

Posted by chasz > 2015-10-31 10:17 | Report Abuse

whats the difference?

Posted by Rockford > 2015-11-01 15:46 | Report Abuse

Bank Guarantee is a taken like an insurance where the bank will ensure payment when the debtor defaults, while bank debt is loan or term loan from bank. The earlier choice shows that e&o was deliberating on bank guarantee shows they wanted to fund it and took an insurance for it but change to fix loan.

Posted by Rockford > 2015-11-01 15:51 | Report Abuse

At 0.4 price to Rnav or low debt ratio allows them for this expansion. If someone says the are bankrupt for doing this, this would also suggest everyone who has take 80-90% loan against their annual income for housing loan is also a brankrupt

Posted by william_cheng > 2015-11-01 17:27 | Report Abuse

Very inconsistent(liars) ks55. He said bank loan is bad but why bank loan not bad for E&O?

Posted by ks55 > Oct 30, 2015 11:57 AM | Report Abuse

Tan Sri.
I am already retired so I don't need any bank loan.
You are already 73 year old, why still have to suffer sleepless nights?
Leave your business (and debt) to the young ones.
You cannot keep on looking after them.
Let them grow up and earn their living in their own right.

Posted by EnO_TurboBlast > 2015-11-01 17:39 | Report Abuse

Thank you EnO for doing a proper job in every aspect of the STP2 project starting fr DEIA, to all the approval (fed, state, forum, start work etc) to securing financing to reimbursing the fisherman. All within the last 3.5yrs. Comparing this with the Johor reclamation which was double in size, the process was less than a year and initially started without DEIA.

http://www.sinarharian.com.my/edisi/utara/rm2-21-juta-saguhati-untuk-nelayan-1.446614

Posted by mightymouses > 2015-11-01 17:46 | Report Abuse

I love buying into shares where ppl argue like that.

Posted by mightymouses > 2015-11-01 17:48 | Report Abuse

I already made 750k from BTM in less than 6mths. I am looking for my next best stock. So continue to promote or critisize because I learn a lot from different perspective

Posted by antidebts > 2015-11-01 17:53 | Report Abuse

9. Group Borrowings
a) The Group borrowings were as follows:- As at
30.06.2015
RM'000
Short Term - Secured 234,542
Long Term - Secured 1,092,413
b) All the borrowings above were denominated in Ringgit Malaysia, except for the following:-
Short Term - Secured
Denominated in Pound Sterling (£'000) 2 0,000
Long Term - Secured
Denominated in Pound Sterling (£'000) 5 6,000