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

I have said before and once the STP2 starts moving, there will be a PP partner that will be engaged to buffer the phase. This will allow to ease the gearing while other exercise are develop moving forward and this may include selling their reclaim land prior to development

For those who do not understand, this is not for you. There is a direction and timeline to meet for this actions and it need to be fast and precise with a little leeway thrown in with the mTN. There are a few key initiatives here.
1. A kickstart for UK foray and to build it independent
2. A kickstart for STP2 before the valuation of the first phase or parcel.

Since sharing the 3 options on mother and warrant, the warrant has drop fr 0.5x since 5th Feb. While the mother has attempted 3 times to 2.3x. The target is back to 2.59 plus minus. The subsequent after that will depend on the warrant for direction.the mother will move in as close to the warrant exercise first and followed by the warrant + exercise. Reason for this is to keep it as close and the longer it stay may indicate the coming of the projects. Note that mTn is 5 years making 3 years peak and conversion may help in between to increase the market cap to also reflect the size of E&o at certain point.

Note the way MER derived at the TP is sum of part. The same method use in sum of part will be use for the phases of the project to derive the TP. Hence it is not difficult to calculate the value needed against the market cap against the funds raised.

I would like to agree however base on my last writing, I gave an example of rights issue in E&O and a reason n catalyst for it to have a gearing higher than the mother. In this case, I believe the warrant n mother must settle at a decisive point. This point will reflect the similar catalyst of the right issue. The right issue had a clause of auto conversion when the price Reaches a certain target. This is a method to increase market capital inline with their expansion.
Similarly for the warrant, it will serve no purpose at this point to trade at higher gearing. While the rights example has a specific target for conversion, the warrant doesn't. The warrant will be based on how appealing the price plus conversion (exercise price) against the mother. Eg warrant price + exercise price = 0.45+2.60 = 3.05 while the mother is 2.33 making no sense for any conversion. This is because, there is no need at this point however there will be a point when it is needed .

For now they will have the MTN coming up and when most resources are exhausted, the market cap can continue to increase to justify for the coming STP2 development. The bonus was one and MTn and subsequently will be the conversion. How do you make the market cap to b attractive? At some point when needed, The price of the mother must be high n gearing higher fast and if so, the premium will drop fast n excite the conversion. BUT if the mother is moving in tandem with the warrant at high premium, the move has not been made yet simply because the other avenues are not exhausted.

Hope it makes sense!

Pls sell if you hv profited and you are not in the know of the game. My friendly advice!

For those who are still not clear what to do, pls refer to my earlier writing on deadline which was Feb5. That was for the warrant. After all my target at best was only 43cents and when it surpassed that to 55cents, it was a no brainer for me to sell. Free warrant for me is exactly it....FREE!
Many will argue that the warrant will have a higher gearing ie 45cents + 2.60 = 3.05 while the current mother is only at 2.30.. Not even meeting the exercise price for warrant leave alone the warrant.
Sometime back when E&O had their rights exercise, there was an automatic conversion clause, if the price of the right was at a certain price with the mother. That focus and conversion has been achieved. Today the free warrant serve as a supplementary and at best with very high gearing ie premium to mother.
If the cat and mouse chase is on between the mother and warrant, I believe the gap has to be much narrower in this case. As with my earlier example of the rights issue, there was focus to bring the cat to the mouse. However in this case, if allowed to distant, the cat may not see the light of the mouse because there is no reason or interest to do so. If the premium was reduce and at certain point overtake by the mother ie mother higher than the warrant + exercise = negative premium, this will be the time they need to increase the market capital. I don't think it will be very long. The run up must be more attractive to convert than to play
macQuarrie group just entailed a target at 3.50 within 1year. This is more positive than the AMMB or CIMB or RHB because I know all of their reasons for projecting those number. CIMB and RHB have bothe lowered their target for that same reason while AMMB and ECM are playing up. (Find out their relationship)

Have a thought!

http://www.themalaysianinsider.com/malaysia/article/um-raises-room-fees-by-50-for-post-grad-students

The Chinese?

According to Impartiallity below....Warren Buffett must be stupid to want to buy in companies in Europe if base on Impartiality. But then again the statement from him on 3M Shrs to TT by Sime is wrong. How to challenge high grade investors like Warren lah??

http://www.freemalaysiatoday.com/category/business/2015/02/05/buffett-tells-fox-business-he-wants-a-company-in-europe/

impartiality Sime sold the 3M back to TT because they have genuine concerns about his ability to manage the company due to huge amount of time he spends in London. His misadventure into London will prove more costly than ever. The europe economy has not bottomed out and the contagion from the Greek Exit will cause more chaos than ever. UK is a matured economy with minimal GDP growth anyway. GDP has not grown above 2 percent since the Lehmann collapse anyway
30/01/2015 12:07

Shhhh!

Correction should read 23 to 28% (not 13 to 18%)

Nice reading of some feedback. Tq at least some are thinking with some strategy and technical reference. Base on my take on the warrant, a very obvious 3 things will happen now to narrow the premium ie to slowly reduce the premium
1. Warrant price come down
2. Mother price go up
3. Mother go up and warrant come down same time

My ideal first drop should be 13 to 18% before it goes below 10%. Why? Because the 30cents factor on mother I mentioned earlier hwas been breached yesterday. (2.04 - 2.37)

Whoever wrote a correlation of shorting Malaysia market to do with KLCI counter I wonder his level? What has the shorting to do with stock market? The only correlation is those that import raw material or products from abroad with stronger currency will have their business affected provided they didn't factor in their quoteation out properly and would also be indirect to the stock market. While export business maybe better with the weak ringgit.
It's puzzling ppl claim TKO innocence just becoz he continued to buy bursa counter while shorting the market is perplexing. The individual should technically quantif/qualify what exactly TKO did in on all those accusation levied on him.
Example if I tell you taking ppls thing is stealing and a crime while some want to argue that he did not break into anyones hse hence it's not stealing as the person just found the item. This is where the technical definition is important. If within that definition, then it's against the law it's a crime.this is where the authority must define and qualify so we are all clear.

Those are some of the areas Zeti needs to take position because in globalise and soon free market enviroment, this is needed to determine the total amount that leaves the country even if it is to buy or transact another business. In most cases those companies buying or developing outside the country better open another private limited company abroad if transaction value is large enough to create accountability back to Malaysia and better still transact the business as a wholly independent company

The reason TKO was highlighted and others is probably the billion that was hedge against the MYR. The rest probably play under the radar of million. If such is the case, the game of billion is illegal or the game of million ringgit hedge also illegal. Until then, there is no saying who is guilty and who is not and could fall flat if billion is not allowed while million hedge is.

During the currency peg, allowable amount taken out of the country was rm10k. Of course that was Mahathir's time. So if that level of control can be determine why not now?

TKO real or fake, depends on how he justifies to himself. To many bribery is rezeki so nothing wrong, to many trading market is business and winning matters even at someone else's expense, while to many more winning is an art. Sometime you win even though you lose and that is called a deal.
A deal allows a win-win situation. Example I don't mind making 1 to 2 % in a business transaction which may be a lost to me to cover my ppl and admin cost but I am assured the next 2 deal to keep my competitors out of the game.
So who is to tell TKO is for real or not in this game of shorting. To vouch for someone at this prelim level speaks poorly of the person defending him. We Hv seen this many time amongst iur authority whereby before investigation, the head already defend his subordinate openly.

We do not want to wait until the whole market collapse before we start a prelim investigation. While it can be legal in another country, the players in Malaysia are playing by the Malaysian rules. Imagine if someone tells a football referee that in rugby they can take down an opponent and hence the referee should not penalize the offensive player ....bullocks!!
Don't chnage the rules to suite your argument but change the rules to close the loopholes. If it's illegal, it's illegal.

The stupidest argument are from the smartest moron because they intend to do the same.
In TKO's case, they have to supplement the rules and technically be able to prove where he did wrong. He may turn out to be a whistleblower if many others are doing it.

While many depend on TA and FA to guide their trading, not everything is TA and FA? For instance, Ecoworld with a PE 4x EnO and still gaining much support. They probably favor the TA side because the TA would look upon the volume of support of the price. Example if many buy in say at 2.26 and subsequently it drops to 2.24 and more buyers come in. This would indicate support but more so the interest to get in. This interest is more important because the buyers will take in whatever the seller throws and turn it into support. This is just an example.

If you understand the above, this type of buying is like futures. Even if you see the PE being extremely high, the buyers continue to support. After all, we know that at the present rate of debt management, the futures may be inflated many times. so while many are awaiting for property to comedown, and worst, drawing parallel to Singapore maybe in for a rude awakening. For those who wish to understand what I am saying, pls read on my older remarks which I believe the solution is those property outskirt where prices may be more accommodative. Note at this debt rate, the country can be indirectly bought over. The Chinese are buying and invading Iskandar, Sabah, Penang and the middle eastern is tackling our Golden Triangle. Even Melaka properties are taken up many by Singaporean. Hence it may not be literally taking over Malaysia but our economy will depend on them. When such things happen, it is as good as selling the country because our debts may not be sufficient to cover.

have a thought!!

As optimistic as I am, I am also a cotrarian. While I believe the property sector will do well in the first quarter due to the GST in April (ie beating the GST deadline), I am also very very cautious of March, April period this year. Being a contrarian does not win me many votes and neither friends but it does win me other aspects of abundance.

Now coming back to March, while many view the ushering in of Wooden Goat beyond Feb CNY will bring many luck and wealth but in my view many challenges will stack up against Malaysia and the world at large. This however does not mean that market will collapse as many suggested. While I am no clairvoyant, but I do know that the cautions that has been thrown in the wind will soon catch up. This will be the time to wait and buy in as many investor are at the sideline awaiting this opportunity while they sporadically bet on exports businesses as the ringgit weakens.

This bet will be due also because many 1st Quarter results will be expected and includes many of the indexes. In addition, the ECB will also be put in the spot to make a decision once the financial indicators of Europe is out. You can choose to bet before April but your loses may be greater than if you win if the odds decides to fall on the weaker indicator. Furthermore the KLCI will be very heated by then as GST will be implemented In Apr (the mth after the first Q) YOUR BET to put in before Apr will be one which may run IF GST is delayed. Currently this will be the best news for everyone in Malaysia but the PM is adamant to proceed.

For the ImpartialIty bugger....OOpppps.....not so good news for him since he thinks market must bottom out before ppl buy in.


http://www.freemalaysiatoday.com/category/business/2015/02/01/billionaire-li-ka-shing-bets-on-europe-as-china-slows/

Next for E&O is the beginning of the tender process. The tender by itself is not important however the progression is. The progression here means that if the tender process proceeds, they will likely meet the March tender award. Upon the award would mean that contractors are in place and E&O can proceed to planning the re-valuation methodology. One of which is to sub-sell the first piece of the parcel to another developer. That would be one of the strategy however not the only one because pending on the land valuation at Tanjong Tokong maybe another.

The former is mooted because it will allow E&O to hv a pre-valuation of their other phases to come which will also give investors the confidence and at the same time hv the monies needed to spur and accelerate the proceeding phases. While a growth in neighboring Tanjong Tokong maybe preferred as it gives both trajectory of projects to come and the expectation of the demands.

TKO Is not the first in Malaysia however he is the most notorious. Whenever you hear his name, it's always associated with Rashid Hussein above the success he made of Phileo Bank.
This is no different than Forex. In fact, there are many who are playing this type of game whether directly or indirectly. In the most indirect of the games is being paid in foreign currency and refusing to be converted to MYR. When that happens, it is no different from getting a project done in Malaysia but the money never sees the light here. Hence it becomes a development that raises churn in another foreign currency. When that happens with many occurrences, it creates an imbalance and this devalues the money.

However in Malaysia, the above example is done by many but no one complain but when it is explicitly done to devalue, suddenly we get so much attention. You see the difference is the action is premeditated and explicitly done by buying a foreign currency as a bet in a big way. See the similarity?

Malaysia is blessed with a lot of natural resources and top of the food chain is Oil and CPO. If without that, we would all be at the mercy of the many methods of currency export abroad as shared above. We always forget and some are not in the know, is that the biggest of this player of explicit gambling of Forex was Soros.

Of course, the difference is that SOrOs like TKO are mercenaries in this area of business. After all, their background set forth the methodology and experience by which they will gain more probability of winning than the avg economist or trader/investors, and banker. For those who are not aware, SOrOs took the beating to our former PM in their hedge at the currency of pounds vs usd back last two decades. It was obvious who won and lost and today we hv TKO who aspires to do the same in a global way rather than just playing the last fiddle within the country.

So in essence, if you bet against the country you reside is akin to absconding money fr the company you work for in CBT cases and due to the nature it was premeditated (if proven) would be the only difference from those who export their salary to be paid in other currency.

The rise of Titanic will be happening before April but cautios play required for March.

Of late we have heard many market concerns and ppl who derive at very complex conclusion on what will happen next in the global economy. These same ppl who concluded the negative outcome pointed to many materials they obtain on the web and thru self interpretation, they derive at the point that market will collapse.

Market will probably collapse one of these days but not to the conclusion derived by these individuals. Many market factors hv pointed to an over saddled market and one that has been overly loaded with complex derivative and global pressure. After all, in a globalise market, we are all guilty of crossing border with our investment may it be trading market, property market, exports, money in foreign bank, forex, even mutual fund, foreign commissions and etc.

So in that sense, we are all stakeholders in the global market and in someways contributed to the flow of globalise money. Some may not agree, but think of it this way, if money that has been paid in foreign currency and do not comeback to Malaysia such as Sales Commisions can be viewed as a form of hedging. While also property purchase in a foreign country in view of faster growth in their market is also a form of outflow. In addition, money used in trading say DJIA market, is also churning an economy outside Malaysia. Hence while we blame foreign investors for pulling out, we should also view ourselves as global stakeholders. After all we are where the money is good and we should not blame the foreign investors for doing the same.

If such is the way the market performs, it is no wander why US is trying so hard to moderate this part of the world with TPPA? This is because in a free market, that is not moderated properly, IP ( ntellectual Property) may not exist and market pioneers and principals will not survive. If this happens, R&D will die while the market will slowdown due to lesser and lesser development happening. We hv seen in the case of China copying IP with far less of their own R&D expenditure at the expense of their competitor. Thus, as we move along, those companies that are sucked dry by the parasites will not be able to compete on cost while the parasites that prevail would not be able to contribute in technology moving forward. Hence everything will slowdown at some point and the world will need to establish more global policies to ensure our continued growth.

Now if we rewind and go back to TPPA as one source of this policy before all those that I have mentioned happens, we are all le to secure more gradual growth and healthy development and completion. Right? So what has this to do with the market collapsing? Everything actually, because as we hv concluded earlier that we are in a way stakeholders of the global market due to our investment nature. Today, to give you an insight, without moderation, oil price can be at the mercy rogue conglomerates as we are seeing right now.

Again another rogue trader. When did Sime sell 3M to TT?? And I thought you had more substance.

For those who are following closely would know this is the third round for E&O 2015. The first round was when the price went down to 2.04 and TT bought 3M shrs at 2.06 and it rebounded to 2.59. That round was a approx 50cents round
Second round was for those who held until ex date to capture the free warrant and sold on ex date at 2.25. Free warrant should be 34 to 43cents. They will make round 2 at conservatively 34cents
Third round is when they buy back at 2.04 or there about and the current price if they sell should make them 20cents or so

Up to this point, they will make at least 50+34+20 = rm1 within 30 days

Refer to Fitters and announcement to understand and historical price for Fitter-WB However a correction needed on myside for EnO since Monday and Tuesday is a holiday in FT it will be 5 Feb.

Again I m NO clairvoyant. The reverse play especially KLCI UP, EnO was down and opposite this few days is due to reverse play. TA folks won't play here and neither will FA guys however no wrong or right in choice here. After all who can catch when the signal does not show right?

So here I wish to say, ENO is NOT for everyone. It is a strategize play. Those who claim on bankrupcy, those who claim on research house whether positive or negative, should do their homework before literally quote or lip sync these research house.

Today no taroh session because I said what I wanted to say already and am at peace with myself.
Secondly, each comment I can already judge the level of play and experience.
1. Those who never buy but talk 3 talk 4
2. Those that buy but sell before ex date. Let hv a look at the play here. I gave a hint on Fitters earlier as it was almost identical with Bonus and free warrant and in addition, it was ran by HLIB. Those who sold at 2.48 ie the date before ex would hv got NO warrant and NO bonus, while those who sold on ex ie at rm2.25 would enjoy the warrant and bonus at no lost but all gain on warrant. After selling on ex at 2.25 or there abt, I mention to play reversal many times. If they sold at 2.25 and bought back at 2.05, they would have made another 20cents coming or more since 20Jan.ie 10 days ago or 8 trading days ago.
3. Those who read and apply
4. Those who already know the play

I m not Terry or Eric but I do a lot of homework. So for those who are scared, BETTER SELL today if you have made the profit already. If not read my earlier comment and take a chance until 3Feb. Frm then on you hv to decide base on your appetite and bravery.

Good Luck!!

Shhhh!....

In the staple of PNB, it will be crazy to run UK projects independently. While some businesses are more independent of the other, property development is not. Now that the colors are coming out, one can expect PNB to come together.
We must remember that weak ringgit is good for export while continuous weakening of ringgit may impact import as it exposes business for potential losses.

So why bother bringing back foreign earnings with uncertainty and weakening ringgit? Firstly, The money earned abroad can do more for expansion if they are serious of expanding out of Malaysia. Unlike banks which explore their endeavor abroad, for Property developers, this endeavour can be much more positive. Here the difference really is abt building the leverage. The leverage here is all about capitalizing one sale above the other. In order to do that, that business must be able to carry its own.

Hence the PNB staple of property developers must focus on the business positioning. While some pats of the business positioning are due to global economy and automatically positions itself, the local domestic business may not be as easy. For one, landbanks especially those bought 4 to 5 years ago hv appreciated tremendously due to development, infrastructure, ammenities and inflation. Thus even those meant for low cost housing may hv to pause and think of their strategy. Do you really want to built low cost property on high valued land? After all, it is much much more lucrative building higher end housing n property as the finish product price is much higher (ie exponentially higher) vs the upgrade of quality used in higher end property.

So really.... There are only 3 options at this point for PNB to come together & position itself to complete the conglomerate that it wants to build amongst all it property developer
1. Domestic Low to mid end focus - outside KV or areas where infrastructure and lrt/MRT maybe slower to reach the next couple of years
2. Domestic high end focus - key states (penang & Iskandar), KV where current landbanks appreciating is high, especially those with lrt/mrt landing planned for next phase
3. Global endeavour like those in London

With the planning that PNB is going thru now, whether positioning of focus (as above ) or M&A priority (ie Sime-SP first or Sime -ENO or I&P to be the first mover) is left to be seen. As with most M&A, strategy must be above function because strategy encompasses and addresses revenue leakage while function determine the direction.

In my opinion, the position of 1,2 and 3 must prevail first to draw up the hierarchy n position PNB wants to end up. This will give the a good foothold to focus. Example Terry Tham helms London n Special vehicle projects which are sizable like STP2 while other identified leaders can grow 1 and 2.

Hope with that can give you a possibility of idea to bet on once more direction comes into play.. With each movement in the direction (whether focusing on position or function) should give you the next step

Shhhh! For the very reason of warrant exercise at RM2.60 and current price RM2.07....shhhhh!!!
Announcement of quote and listing grant within the next two days.
Pls don't buy especially Tan and Cheeseburger. It's not safe. I hv warned you.

Oh dear the blind wants to call others blind. PakCC, you must understand behavior like the burger is because he bought into it but wrong timing. In 1 year the shr went up and down 3 times and peak at 3.18. If he didn't sell, nobody can help. how is it possible that each hike is always 30 to 35cents and ppl don't make money? The only way is they never sell. Is that you cheeseburger?

Thank you at least someone read and did his homework. Can't help those blind and retard like Burger

I hv told all not to buy this counter if u don't undertsand. Burger is angry because he wants to buy but I gave red light. Ask urself why is he angry when he does not own the share as he claim, then ask yourself why is he angry if his information is not accurate reading directly fr the papers, answer is he want to buy in but he is afraid and he want moral support before he buys. Again for him alone I say DONT BUY. TOO DANGEROUS. STAY AWAY.
It's worst when someone ask why the share fall and not understanding (.today) it is the day the bonus went in, then I say better don't play the market. Stay home lock your doors and keep ur money under the pillow.

When I told ppl to buy Axiata years ago, they say without TM, they will die. When they did their right at 1.80 they say I was dead wrong to call for a buy. When I say Jamaluddin is a leader they say it was fluke he achieved in Maxis. They say global business cannot sustain with too many competitor. When it went pass RM3 they say impossible to move pass rm4. When hit RM5 they say someone will buy. Now the counter is pass rm7. What say you?

No wander Mc Donald Cheeseburger is not selling well this days, name spoilt by a retard

The burger retard must have had mustard in his sesame seed eyes ...but then I don't laugh at retards but I will make exception for this one. Hahahaha

I wonder who was the one who quoted CIMB say RM25 billion GDV a and got all excited and the same retard says he didn't buy in. If bought in and just do 2 thing ie sell at 3 and buy back before ex....60% in pocket. But watch and comment...retard at his best...hahahah

Burger is indeed blind. Today is listing of bonus...shows he does not know what happen when bonus is in and he laughs at price dropping.. I must be talking to a retard or newbie. If I m an ass, cheeseburger must be the hole.

So is Ecoworld

Malaysia market decline because of foreign investors. Not only foreign investor in market trading but Developement investors. Those are the ones that affected the market despite our weak ringgit.

I can tell you for certain next week they will announce the Free Warrant listing and quote grant. 2 to 3 days after that it will be actual listing price in market.
I hv given all the examples to play Bonus now you hv to think for yourself moving forward. To date I hv shared in length
1. How to watch the queue in trading and buy pattern to understand who is playing in market
2. Method to play the market especially E&O (remember the 30% of holding to trade)
3. E&O specific information
4. Specific example of what to expect and live example of Free Warrant and Bonus and very key the investment house and a counter that just did the similar exercise
5. Market movement - I mentioned in October, that market is clear towards 2015. After which DJIA S&P a was rocketing but unfortunately KLCI was declining. While most said oil was a problem, I told you declining oil was a blessing. Why? Because if oil was good, remembering that we are exporter, and Petronas does well ie more than RM110billion yearly revenue, does the citizen get anything? Answer is NOTHING and inflation continues to go up?...but when oil goes down, all businesses benefit and not only OnG. So think abt it again
6. I also mention similar to the cessation of DIBS in Dec 2013 where there was a rush to buy property before the cease, there should be another before GST

There are more but read carefully. Market is not about TA and FA alone, it's about balance and it helps knowing the balance.

I told you guys not to buy....were you not listening??

Hahahaha....

Post removed.Why?

If we go exactly 1 year ie Jan 2014 to Jan 2015 at a glance its 1.9x (Jan 2014) to 2.0x (Jan 2015) . However if you look in between, there was
1. 3 major fluctuation
2. Dividend
3. Bonus
4. Free Warrant

For simplicity base on selling when crossing the psychological RM3 and not absolute margin play, margin can win you 2-3 times more if play correctly with each receeding wave. Assuming you hold 10 lots (10k shrs)
1. From 1.9x (Jan 2014) to 3.08 (actually peak was 3.18 in Mid July 2014)
- Profit = RM1.10 (conservative) * 10 = RM11k
2. Dividend 2014 was 3cents , anoth RM300
3. Assuming conservative play ie buying a day before Ex-for Bonus and Warrant
The price was RM2.48 and Selling it at RM2.2X on ex date maybe losing 1 to 2cents
- Profit = Negative 200
4. Warrant assuming 40cents...10k = 2 free lots
- Profit = RM800

Total Profit = 11k + 300 - 200 + 800 = RM11.9k
Capital assuming conservative for the 10k lots (ie higher of the 1.9x = 1.98) = RM19.8k
% Profit over capital = 11.9/19.8 = 60%

Check the actual numbers for yourself and see if I m correct or wrong. For those who play with the 30% rule of selling and then buying back will profit even higher.

Hope now ppl understand from the example of 9mths above covering rm1.20 profit playing reversal while text book geeks quoting from static numbers like cheeseburger can continue to do so,
I hv said many times E&O is not for everyone. I m merely highlighting and giving the correct perception. Nothing more BUT for the burger, looks like sesame seed for eyes is not enough

There you go ....blind burger talking again. Btw is the sesame seed on the burger actually the eyes? Nah it can't be because he always quote from the newspaper, the website or picking static numbers like rm3 to 2.08 from the price range

If he had understood the counterJust to give an example of playing reverse. Btw calculate for yourself...the price went up to rm3.18 mid July 2014. Most have sold partially at rm3.08. They only need to hold from May 2014 the price was at 2.2x to 2.30. A clean 70cents in 3mths period.

The price went down to 2.04 in mid of Dec 2014. Terry collected I believe at 2.06 3Million shares and a reversal ensued. The price then went up and touch 2.60 however most sold at 2.55 on January 2015...another hefty 50cents.

I m only giving a short example from mid May 2014 to mid Jan 2015 to make 70 + 50= rm1.20. So what is the holding cost the blind burger is talking about????

I hv mentioned many times this stock is not for everyone especially those unfamiliar. To begin with I gave two tips, one was Fitters and the other was that it works reverse in E&O due to the facts that I shared earlier (I won't repeat again.) the stock is very technical and exact played by investors here. Example closing before the ex was 2.48 and opening on ex was exact at 2.25.
When a person sells right before ex, he has got no warrant while those who sold at 2.25 or there about would enjoy the free warrant absolutely free. Got it?