Posted by HakChai > 2015-12-18 17:56 | Report Abuse

Sad day

Posted by HakChai > 2015-12-18 18:32 | Report Abuse

Sorry to hear that Ginny

Posted by HakChai > 2015-12-18 18:48 | Report Abuse

Honestly i don't understand why the share price is going down. I believe it is the UK PLC which needs to be announce ASAP. Reason why I say that is because the share price was at the highest in July 2014 after the second UK foray but only started dropping after the 3rd foray Esca House..I believe once UK PLC is announce whereby E&O Bhd will hold 30% and gearing reduce to 0.3x the share price will move again.

Posted by HakChai > 2015-12-18 19:03 | Report Abuse

Once UK PLC completed, it is at a better position than July 2014. As for STP2, there is no stopping the start reclamation now because any stop work, the govt will have to pay a very very high compensation for the delay.

Posted by HakChai > 2015-12-18 19:12 | Report Abuse

As for the debt concern, as explain earlier, firstly the unbilled is at RM 937 Mil with 635M new sales in 1HFY2016 and on target for 3yr PAT of RM450M which was not revised.(even at down time)

Posted by HakChai > 2015-12-18 22:51 | Report Abuse

Value is there no doubt but idea to sell the value is where Eric failed miserably. If the same condition was presented end of last year (ie all approval obtained, start work ready, UK plc ready to go,etc) I assure you the price will sustain above 2.60.

This is where Eric failed miserably, he announce the 3rd UK buy Esca while without any idea of what they will do with the debt esp when STP2 was abt to get all approval. It shows E&O under Eric was on a buy first worry later spree without knowing then abt the buying and developing policies and rules in the UK. Terry himself fork out personal money for the buy in UK. Now that all the dust has cleared, the price has fallen too much and to build momentum for the uptrend again E&O must ensure the price don't fall anymore.

Posted by Loopy > 2015-12-19 15:00 | Report Abuse

What say Gregorian now?

Posted by HakChai > 2015-12-23 10:55 | Report Abuse

Eric the MD still sleeping. 1.43 now

Posted by wisdomtot > 2015-12-23 17:10 | Report Abuse

I'm willing to bet on the bullish divergence on this counter... Hop on today... fingers crossed.. cheer...

Posted by greentrade > 2015-12-27 14:36 |

Post removed.Why?

Posted by Rajuan_Singh > 2015-12-27 21:45 | Report Abuse

Thank you Greentrade.

Posted by GreenTrade > 2015-12-28 11:08 | Report Abuse

Cheers Rajuan.

Though it seems like it may take a while.

Posted by HakChai > 2015-12-28 13:02 | Report Abuse

Still 1cents down . Must stay up.

Posted by mightymouses > 2015-12-29 18:49 | Report Abuse

Still dropping. Phew cabut on time

Posted by mightymouses > 2015-12-29 18:50 | Report Abuse

Eric cannot liao be MD. I concur with majority here

Posted by projecti2016 > 2015-12-29 20:02 | Report Abuse

shot down again

Posted by BZ > 2015-12-30 13:26 | Report Abuse

Lao sai stock

Posted by HakChai > 2015-12-30 15:17 | Report Abuse

Penang govt has no choice but to proceed with the PTMP and PDP

http://www.themalaysianinsider.com/malaysia/article/no-choice-but-to-reclaim-land-to-fund-transport-plans-in-penang-says-guan-e

Posted by HakChai > 2015-12-30 15:23 | Report Abuse

Exerpt fr the Report...

“We were expected to reach 6.5 million in passenger arrival by 2020 but we reached that number this year. The airport is like a pasar malam (night market), but there are no plans by the federal government to expand it at the moment. “So we have this problem, and we are choked with congestion and choked of funds. Are we going to twiddle our thumbs, sit down and wait to die?” - See more at: http://www.themalaysianinsider.com/malaysia/article/no-choice-but-to-reclaim-land-to-fund-transport-plans-in-penang-says-guan-e#sthash.ACJAV8uQ.dpuf

Posted by HakChai > 2015-12-30 15:27 | Report Abuse

The federal govt is not provisioning budget for Penang despite the state contributing to national coffers. If there is outcome and no income the move done by Penang is actually the best solution.

Posted by KangYew > 2015-12-31 18:53 | Report Abuse

This is a dead counter. If as good as all the sifu here has been saying, something must be wrong with the management

Posted by BZ > 2015-12-31 20:01 | Report Abuse

Worst performer. Reflect the lousy management

Posted by sell > 2016-01-06 13:08 | Report Abuse

Even EPF cut loss. Why are there people still holding? Wait for RM 1 for safer entry.

Posted by mightymouses > 2016-01-08 09:40 | Report Abuse

They dancing ago gogo

http://www.therakyatpost.com/news/2016/01/07/penang-to-proceed-with-land-reclamation-exercise-says-state-exco/

Posted by Gregorian > 2016-01-08 13:07 | Report Abuse

Dear Friends and Investors,

Firstly sorry for the delayed New Year greetings. I was up and about abroad in Europe on a long business trip. Came back last week and took a journey up to Penang to see for myself the reclamation. Though many of the markings and base already set up, at that point work has not start. I believe it's partially due to the current sentiment. There are 2 reclamation, one down south and the other up north of the island.

The one down south of the island (Bayan Lepas) has been given green light by the state government and the north should follow suite. For those who are not aware, north is where the STP2 reclamation near Gurney will start.
I hv no doubt that the reclamation will proceed because the commitment and compensation is sizable.

I would like to bring to your focus 3 things which will be happening
1. Start work
2. UK PLC
3. Partner for STP2

This 3 will bring in the revenue, valuation and reduce the debt. When that happens, the share price will be 2 times more attractive than the July 2014 when the price was pass RM3.

Posted by BeeKoon > 2016-01-10 23:39 | Report Abuse

Yeah if 1,2,3 happen together another explosion

Posted by Mongoose > 2016-01-12 21:13 |

Post removed.Why?

Posted by Mongoose > 2016-01-13 10:11 | Report Abuse

Why censore me. I am just frustrated with this stupid counter and The MDs poor leadership

Posted by PN17player > 2016-01-13 12:06 | Report Abuse

be careful of correction

Posted by HakChai > 2016-01-13 14:48 | Report Abuse

testing patience liao

Posted by HakChai > 2016-01-14 12:02 | Report Abuse

I think Eric Chan has just screwed everyone up

Posted by Bully > 2016-01-14 13:43 | Report Abuse

Curse on fatty Tham and Eric Chan on the monkey year. Caused everyone to lose money because the two dungu farts keep delaying the project and announce it will start. ooooiiiIiiii sudah 1 tahun since the earlier delay.....delay some more.

Posted by Kjsiah > 2016-01-14 14:53 | Report Abuse

The MD don't know how to manage the project??

Posted by Kjsiah > 2016-01-14 14:55 | Report Abuse

If real then get ready to be hentam again during AGM

Posted by Bully > 2016-01-14 19:18 | Report Abuse

Better change the Eric Chan fella to a proven MD like Liew Kee Sin. LKS got nothing he sell air also fly. Eric fella got approvals and 1B worth project also die. Hope Fatty Terry change a new person to take over. Really Beh tahun liao

Posted by HakChai > 2016-01-18 12:47 | Report Abuse

I remember when I went for the AGM, all the statements made by Terry has happened but for Eric, most are wishy washy. Pls do all a favor demote yourself Eric, you are not MD level

Posted by Barbarian > 2016-01-19 10:41 | Report Abuse

Long ago i trusted it when Bro Saturn was around. The current boss Eric is weak. I agree 100%

Posted by Barbarian > 2016-01-19 11:08 | Report Abuse

Bro Saturn thinks Sime will take E&O eventually and today i read this in CIMB Highlights note the part on Sime Darby to undertake more PD projects in Europe

News Highlights:
Media Prima’s STMB signs JV agreement with CJ O Shopping Co Ltd

Sime Darby plans to undertake more property development projects in Europe

OWG proposed a private placement of up 10% issued share capital

Boustead Holdings looking to raise RM1.05bn via 2:5 rights issue & bonus issue

Indonesian Anthoni Salim’s company bought 9.1% stake in CAB Cakaran

Eco World's first phase of BBCC project to take off by Q2

CIMB Group says no plan to lay off more staff

DRB-Hicom to spend RM600mil on new engines

Malaysia Building Society gets more time to negotiate on merger with Bank Muamalat

Posted by Barbarian > 2016-01-19 11:09 | Report Abuse

Are the awaiting for UK PLC??

Posted by Kjsiah > 2016-01-19 11:11 | Report Abuse

is it still happening? all they need is EPF to sell their shares to them already can force MGO liao. after all hor both of government

Posted by HakChai > 2016-01-19 19:06 | Report Abuse

OMg so much resentment for Eric to step down

Posted by HakChai > 2016-01-19 19:39 | Report Abuse

Can't wait for next Agm

Posted by devinliew > 2016-01-20 10:02 | Report Abuse

Is this the E&o land exchange with Zenith Bugg?? and sold to Ewein? Valuation done???

http://www.kinibiz.com/story/corporate/209830/ewein-unit-acquires-3-land-parcels-worth-rm2.83-bil.html

Posted by devinliew > 2016-01-20 10:11 | Report Abuse

3 land parcel acquired by Ewein totalling 20.23hectare (2177539.1 sq feet) at RM2.83Billion.
So 2.83B/2177539.1 = 1300 psf? so high???

Posted by Kjsiah > 2016-01-20 11:23 | Report Abuse

Location seem same as STP. If it is as quoted in the report, RM1300 E&O will be flying soon

http://www.henrybutcher.com.my/content/land-sale-bandar-tanjung-pinang-0

Posted by Kjsiah > 2016-01-20 11:55 | Report Abuse

Just saw this. Indeed the conversion is correct to sq ft.

http://www.nst.com.my/news/2016/01/122333/ewein-unit-buying-penang-seafront-land-bandar-tanjung-pinang-gurney-drive

Posted by Kjsiah > 2016-01-20 11:56 | Report Abuse

RM1300 psf. WOW!!!

Posted by HakChai > 2016-01-20 12:02 | Report Abuse

Any chance of misprint? RM1300psf is high mate. Even if E&o dont own the exchange the valuation at RM1300 will set forth the value of STP2.

Posted by Rockford > 2016-01-20 12:08 | Report Abuse

Not sure the valuation but we are expecting it to be high.

Posted by Rajuan_Singh > 2016-01-20 12:18 | Report Abuse

its now or never. Penang fever pitch high on property and E&O business is repeated business from abroad.