Posted by EnO_TurboBlast > 2015-11-04 15:15 | Report Abuse

Feel free to sell, my comment is only to create awareness and neither a buy or sell call!

Posted by mightymouses > 2015-11-04 15:27 | Report Abuse

This is the type of argument I like. Making sense of the situation. They shud be in hurry next week (2weeks b4 end of month) if not at the moment base on your argument.

Posted by mightymouses > 2015-11-04 15:28 | Report Abuse

Buy rate pick up ady and buy volume also pick up. Let's see what now

Posted by mightymouses > 2015-11-04 15:31 | Report Abuse

Aiya what is dividend lar ? 3cents dividend every year at Aug or Oct vs price up by a dollar immediate money. Aiyo why you all like that one

Posted by mightymouses > 2015-11-04 15:34 | Report Abuse

If can up a dollar to 2.60 it is 1/1.6 = 63% good enough for me. Give more my critic and promoter

Posted by EnO_TurboBlast > 2015-11-04 16:36 | Report Abuse

Sell and buy volume are closing now. Buy volume went up from 50% vs sell volume and now at 90% of sell volume. Panic selling by sellers likely. Buy rate rising to mid ground at 45%.

Posted by EnO_TurboBlast > 2015-11-04 16:40 | Report Abuse

Volume at 3pm was 1.2M vs now 4.30pm at 2.1M a 900k volume increase in 1.5 hrs filled by buy volume. Sellers impatient already

Posted by Loopy > 2015-11-05 08:09 | Report Abuse

Consolidate for the big spring up lor...

Posted by chasz > 2015-11-05 09:00 | Report Abuse

hmmmm..see today vol..likely will go down.others recover from post negative sentiment...here?nothing at all.go down somemore

Posted by Loopy > 2015-11-05 09:06 | Report Abuse

No buy?

Posted by Loopy > 2015-11-05 09:45 | Report Abuse

Salute Wondermama.

Wondermama It is forming a symmetrical triangle. The past few day Hv been quite heavy with volume alternating between overbought and oversold suggesting balance in support of triangle. If it pursue, it will breakout at 1.62 or breakdown at 1.57.
04/11/2015 09:25


Wondermama Today must end higher than yesterday at least 1.62. Failure to so, may set tone for decending triangle. Many will bail out if failed. Today is deciding day.
04/11/2015 10:37

Posted by Loopy > 2015-11-05 09:46 | Report Abuse

Luckily listen...lol

Posted by Loopy > 2015-11-05 11:36 | Report Abuse

More panic selling as predicted yesterday

Posted by EnO_TurboBlast > 2015-11-05 21:57 | Report Abuse

Something is happening. The volume daily is now 2Million with Sell volume ahead of Buy. Earlier was Buy volume higher suggesting panic selling but the Sell volume done went ahead later suggesting collection in progress. EPF is back buying E&O and similarly Sime and GK.
Jul-Sept results must be good, coupled with the announcement of UK Plc and hopefully JV partner predicted

Posted by projecti2016 > 2015-11-05 22:31 | Report Abuse

Collection started. But maybe good news not so soon.

Posted by EnO_TurboBlast > 2015-11-06 09:41 | Report Abuse

Rumor is that Sime is the JV partner. Gregorian, can you confirm? If it is true, it also makes sense since Sime was all along awaiting STP2 approval and their other business has no leverage compare to properties

Posted by EnO_TurboBlast > 2015-11-06 09:55 | Report Abuse

We will know if this is true end of Nov

Posted by EnO_TurboBlast > 2015-11-06 23:30 | Report Abuse

Time to enjoy as EnO shoots soon.....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4914433

Posted by EnO_TurboBlast > 2015-11-07 08:51 | Report Abuse

Epf buys 10% into MahSing. Epf is buying into E&O. Property has bottom out?

http://www.thestar.com.my/Business/Business-News/2015/11/07/EPF-now-owns-10-percent-of-Mah-Sing/?style=biz

Posted by EnO_TurboBlast > 2015-11-07 12:17 | Report Abuse

Gregorian, is this the announcement or something else for Nov/Cecember

(i) Restricted offer of up to 125,495,072 new ordinary shares of £0.10 each in E&O PLC (“Shares”) to E&O stockholders whose name(s) appear in the record of depositors of E&O as at 5.00 p.m. on the entitlement date to be determined and announced later (“Entitlement Date”) on a pro-rata basis of one Share with one free warrant to be issued by E&O PLC (“Matching Warrant”) for every 10 existing E&O ordinary stock unit held as at the Entitlement Date (“Proposed Restricted Offer”); and

Posted by EnO_TurboBlast > 2015-11-08 11:13 | Report Abuse

It's free. It's in £. Don't like sell. It's your closest to hedging in foreign currency under this climate without losing in current exchange rate.

Posted by EnO_TurboBlast > 2015-11-08 11:27 | Report Abuse

I believe the category listing on AIMS LSE is Household Goods and Home Construction. This was the closest I could find on AIM. Have a look at the development price trend. Don't look at the price itself because some are very large organization established but the trend should tell you something.

http://www.londonstockexchange.com/exchange/companies-and-advisors/aim/for-companies/information-search/aim-company-search-result.html?codeName=&admissionInLast=&ukRegionId=&internationalRegionId=&sectorId=3720&nominatedAdviserId=&brokerId=&search=search

Posted by EnO_TurboBlast > 2015-11-08 15:06 | Report Abuse

1 Warrant free base on 1 share entitlement for every 10 EnO.

Posted by EnO_TurboBlast > 2015-11-08 15:23 | Report Abuse

Ks55 the asset in GBP was purchased 2 to 3 yrs back. They already enjoyed one sale of UK property with good profit. What are you talking about?

Posted by EnO_TurboBlast > 2015-11-08 15:26 | Report Abuse

They are now left with Hammersmith and Loxley. Pls comment with facts as your comment suggest they are only buying the property now.

Posted by EnO_TurboBlast > 2015-11-08 15:52 | Report Abuse

For those reading, check for yourself when those UK propertes were bought. They bought the property much before our currency decline. This means they will gain profit from selling (due to appreciation) but also gain from the exchange rate.
Easy to calculate, the UK PLC will raise RM239Million ie base on current exchange 6.56 approx £36Million. Roughly base on the restricted it is only roughly 30p per share.
If EnO decide to sell all their PLC shares (30% ownership) after the listing, they can rake in RM71.7 Million from sale without considering escalation of the exchange rate.
So being EnO they have a few choices of whether
1) to sell their 30% stake in PLC when the exchange rate escalate after the listing
2) to sell the properties with profit and exchange rate gain and rake in the profit and gain base on their 30% ownership
3) continue to grow the properties and base in London
4) sell their value in the EnO Bhd build with all ready approval of STP2 and UK listing at a premium price of above RM2.90 to next TP of RM3.50
5) others - depending on appreciation, exchange rate, inflation, etc

Posted by mightymouses > 2015-11-08 16:03 | Report Abuse

Sounds like a strategy from E&O to hedge on one hand while option on the other.

Posted by mightymouses > 2015-11-08 16:25 | Report Abuse

Risk?

Posted by mightymouses > 2015-11-08 16:27 | Report Abuse

Risk for STP2 and UK PLC??

Posted by mightymouses > 2015-11-08 17:07 | Report Abuse

At least someone is sharing some truth. Tell me and I will check. E&O bought first UK property in 2012 (Princes House) subsequently Hammersmith (Thames Tower and Landmark) in 2014 and recent is Esca under Loxley. Looking at exchange rate 2012 was below 5.0, 2014 was avg below 5.5 but current at 6.6 exchange against MYR. So the gain is real.
What about profit? I check and found growth last year In London property was aggressive. Here the link suggest 7% a quarter but reading properties mag a growth in some area went up 40% which sound absurd but properly documented. (http://www.thestar.com.my/Business/Business-News/2015/01/20/EO-buys-London-office-building-for-EM309mil/?style=biz)

http://www.xe.com/currencycharts/?from=GBP&to=MYR&view=5Y

What is the movement for 2015/2016?

Posted by Parkson > 2015-11-08 18:47 | Report Abuse

Why still people buy at RM 1.55? Why not wait at RM 1 or 80 sen?

Posted by EnO_TurboBlast > 2015-11-08 20:05 | Report Abuse

For those who want hard fact, Princess House was bought in 2012 at £20.25Million at exchange below 5. Just on exchange alone current value is RM32 Million more

http://www.property-report.com/eo-makes-first-major-overseas-purchase/

Posted by EnO_TurboBlast > 2015-11-08 20:54 | Report Abuse

Mightymouses, 2015/2016 will clear all the earlier debt concern arising from UK PLC since first purchase in 2012, STP2. How?
Firstly UK PLC will be on its own as a listed org generating £36Million (RM239M) for market cap, with only 30% exposures to E&O. At that amount at 30% (RM71Million) vs current RM173 Million Annual Revenue it will be more contribution than debt because as shared, the exchange rate in £ is already more than that if they were to sell they will gain in appreciation and exchange rate. Just on exchange rate gain without including appreciation, Prince House is already a gain of RM32Million. What abt the rest of the UK property?
If they ever at any point want to sell their other UK property, they would already hv a clean profit to move forward. As for STP2, 88acres will cover the entire Ph2A of 253acres. Ie RM1.035M (cost to reclaim 253acres Phase2A ) vs RM1.084M bank loan vs RM1.5 M (selling just 88acres Phase2A )

Therefore if they sell their approval rights of STP2 or sell UK properties or their 30% in PLC or 88acres of Ph2A, it will already be extraordinary gain. Either one of their option would be sufficient leverage to move forward

Posted by EnO_TurboBlast > 2015-11-08 21:00 | Report Abuse

Sime used to own 32% of E&O, exercises on E&O never affect Sime. How come when E&O own 30% of PLC which has proven exchange rate gain and appreciation, would be of concern??

Posted by mightymouses > 2015-11-08 21:13 | Report Abuse

Relax lar EnO_turboblast. As I said earlier E&O are hedging. They hold all the option cards mah to JV also can, to sell also can, to.....2015/2016 agree lar with you. Sleep tight.

Posted by HakChai > 2015-11-08 23:04 | Report Abuse

Argument of Ks55 is not right. Last year July 2014 E&O share went up to RM3.18 before the Esca house buy. Now that E&O will only hold 30% of the PLC, should mitigated the concern moreover all UK property also gain already. Is he saying if E&O does not own UK properties or have high exposure as after july2014 with the Esca buy it will be better than having it? Makes no sense because the UK properties all already made exchange rate profit. If they sell now, there is already a gain. So how can it be worst than before buying Esca house?
Eg. If you own 2 houses, one akin to be Malaysia while the other is UK. If both, you are servicing loan, then it is a concern how you manage it. However if the second home has profit already if you sell it, then you have a choice of selling or renting out right? If you treat renting like public listing, it will pay for itself. So now it should be back to before July 2014 where the E&O share was moving north.

Posted by HakChai > 2015-11-08 23:09 | Report Abuse

it is like saying that, you have choice of selling your property with a large appreciation gain or keeping for future prospect but not having the property is better. Make any sense?

Posted by Parkson > 2015-11-09 03:41 | Report Abuse

Those having E&O better sell now. Unlike Parkson which is net cash RM 431 million E&O is heavy indebted with net debts over RM 1 billion as at 30th June 2015. That still exclude incoming STP2 which need another RM 1 billion debt making total over RM 2 billion debts. As I said earlier sell now and buy at cheaper price is preferred. Why buy at RM 1.55? Why not buying at RM 1 or 80 sen when you can save money?

Posted by HakChai > 2015-11-09 08:10 | Report Abuse

Does not matter whether 10p or 30p for PLC when listing. It is only a subsidiary. The offer of PLC shares is like a pink form offer. Don't take it if you are not interested. What I m saying is E&O has got everything in place and yet ppl raise issue. They have all STP2 approvals since 2011,they hv got the bank loan secured, they hv organized their debt down to debt ratio of 0.38, they hv organize their debt concern of UK by listing on AIMS and 1/3 holdings only.
I agree E&O is in very good position right now because the option of play is in their hands. Apart from those shared,
1. The loan is serviced progressively for STP2. Phase2A. When they reach 88acres or before, they can choose to sell and cover their cost with surplus
2. They can sell NOW all their rights and approvals for STP2 or by Phases. The amount will be huge because the value are in the approvals
3. The debt will rise from 0.3-0.38 with STP2 instead of 0.6. This mean approx 0.4x when 88 acres completed. If they sell it will be 0.3 again or lower
4. They also hv the option of JV
5. UK foray is organized to being self funded and not dependent on E&O solely
6. As nobody knows how low the exchange rate with UK will fall or when the political situation will resolve, the UK foray will act like a hedge with gain already
7.Apart from exchange rate gain as explain by some, 7-10% growth appreciation a quarter was experience since 2014

What debt is ppl talking about? This is an expansion with loan for Phase2A at less than 10% of their yearly revenue. (173million against 1.035B) out of the 1.035B the loan is disburse progressively with many options for E&O.
Pls share something new on the debt which doesn't exist since E&O can exercise at any point to pay off.
Try new tricks to push down the price if you got proper information

Posted by HakChai > 2015-11-09 08:27 | Report Abuse

Ks55, the below already shared in some of the comments if you read them. The price of E&O started falling after their 3rd purchase of London property namely Esca house early 2015 which raise concern of debt while STP2 tender then was still not awarded for cost to be captured.
Today both are issue are addressed. Firstly London as already explained will be self funded and E&O exposure and risk down to 30%. Having said that it is more of gain than risk for London foray at this point. Secondly the STP2 tender already awarded and at a much lower cost than earlier expected due to the fall in fuel prices and construction.
In short the situation in terms of risk and business is better than in July 2014 when it peaked at rm3.18 with debt ratio reduced, cost structure are organized, expansion in place, and abundance of business option in place (sell, develop, JV..) all approved

Ks55
Now come to next question.
Do you think E&O a good buy at 1.55? If yes, buy more now.
Do you think it is worth for you to subscribe to E&O PLC? If yes, please go ahead.
For your info, I have been in and out for E&O over the years.
Last sold was 04022015 at 2.26.
Last bought was 02092015 at 1.455 and still holding.
Unlikely I will lose money on E&O as I am prepare to buy all the way down till 80 sen as Mr Parkson suggested.

Posted by HakChai > 2015-11-09 08:35 | Report Abuse

Ks55, I hv taken time to explain the above. I am asking the same of you for the following question. How can the situation current be worse than last July 2014 (Price E&O RM3.18) when STP2 not awarded (cost not captured), UK foray (debt increasing) while we do not know their direction vs current where cost is capture, UK direction clear, options are clear

Posted by Parkson > 2015-11-09 08:58 | Report Abuse

National House Buyers Association secretary-general Chang Kim Loong cautions against so-called “zero entry cost” properties whereby the buyer does not need to make any downpayment as it encourages unnecessary speculation.

He advises renting instead if they cannot raise the initial downpayment/commitment fee for an affordable housing unit.

“Do not think that just because it is affordable housing category, one is eligible for a 100% loan (in this case 90% margin). Buyers must understand that it means taking out a back-breaking loan of 30 years and ‘slaving’ for the bank.

“They must understand their obligation to repay the monthly loan without fail and to regularly pay the maintenance and sinking fund as well as utility charges.

“If buyers could not afford to commit with their own funds (ie downpayment), he or she is strongly advised to rent instead. From the onset, buyers must know their legal obligations and moral responsibilities. There is a vast difference between buying and renting.

“If they don’t keep up with the monthly instalments to the bank, the bank will foreclose and the family gets evicted. It is only then that many realise that buying a house can be a nightmare. They will instead be house poorer,” he says.

http://www.thestar.com.my/Business/Business-News/2015/11/07/A-cautionary-tale-on-fairweather-liquidity/?style=biz

Posted by mightymouses > 2015-11-09 09:54 | Report Abuse

Parkson, you from same planet ka?

Posted by mightymouses > 2015-11-09 09:58 | Report Abuse

Good job guys, I bought some warrant at the lowest. Avg at 20.2. Need to promote more guys

Posted by mightymouses > 2015-11-09 10:02 | Report Abuse

If drop below 20 you are not doing your job.

Posted by mightymouses > 2015-11-09 10:02 | Report Abuse

Where is my fren EnO blast off

Posted by Gregorian > 2015-11-09 11:15 | Report Abuse

No it is not the announcement I am waiting for. Just wait end Nov or December.

------------------


EnO_TurboBlast Gregorian, is this the announcement or something else for Nov/Cecember

(i) Restricted offer of up to 125,495,072 new ordinary shares of £0.10 each in E&O PLC (“Shares”) to E&O stockholders whose name(s) appear in the record of depositors of E&O as at 5.00 p.m. on the entitlement date to be determined and announced later (“Entitlement Date”) on a pro-rata basis of one Share with one free warrant to be issued by E&O PLC (“Matching Warrant”) for every 10 existing E&O ordinary stock unit held as at the Entitlement Date (“Proposed Restricted Offer”); and
07/11/2015 12:17

Posted by Loopy > 2015-11-09 16:13 | Report Abuse

Bombardier sulah mali. Clearing path liao

Posted by Loopy > 2015-11-09 16:19 | Report Abuse

Siri Gregorian, what announcement? Can share??

Posted by EnO_TurboBlast > 2015-11-09 17:08 | Report Abuse

Nice volume, but not aggressive yet