Posted by PierreVenochi > 2012-06-18 11:52 | Report Abuse

barramundi mate, you've made my day with your math.

are you aware that the leftover assets in ECM after disposal and return of capital will mainly comprise of liquid assets. Despite the rest, CASH itself would be 659m - 443m = 216m and this translates to more than 70% of its book value (equity) after distribution.

be prudent and value the cash at 1.0x P/B?

moreover, the P/B on this sale (IB division) is 1.2x?

Posted by jtpc2006 > 2012-06-18 12:01 | Report Abuse

right on PierreV !
this brings to mind a similar counter CIHldg which sold off its drinks business and the proceeds were distributed among its shareholders, and did the share drop? NO, it is still 1.23++ because the intrinsic value of its remaining assets did not disappear overnight.

Posted by baramundi80 > 2012-06-18 12:05 | Report Abuse

I'm not disputing that pierre...i'm just pointing out the ex all price and I also did not say it will drop to 50sen...only stating if it does drop to that level then the all in ex price will be even lower. of course theoritically if u're getting at least 53sen per share in cash, it would not be likely it will drop till 50sen. like nubhan said, 76sen should be the support, breaking that could trend down to possible 63sen...of course that's TA only.

Posted by Kok Keong Tan > 2012-06-18 13:27 | Report Abuse

so,wat is the conclusion? buy, hold or sell?

Posted by andyteng > 2012-06-18 13:30 | Report Abuse

chong , please comment.

Posted by aunloke > 2012-06-18 13:41 | Report Abuse

I'll buy but not now , just wait for T+3 to get a better price.

Posted by casual_investor > 2012-06-18 13:42 | Report Abuse

it seems the price stands well @ 0.82 today. shall we hold?

Posted by nubhan > 2012-06-18 13:49 | Report Abuse

just pray .810 does not break.

Posted by chong > 2012-06-18 13:58 | Report Abuse

Brother andyteng , you all have read what brothers James Woon , PierreVenochi & jtpc2006 had said and they had explain to you all clearly, fully & logically.. All you have to do is to use your common sense & think logically. I have given you clear views of what's ECM is worth & it's strong points on the takeover of ECM share broking arm & the rest is still intact with a big cash pile to use for future investment & it's up to you to believe what is being said or to believe the devilish thoughts of a few. Please don't be discourage by some with devilish minds & sheepish laughter as they nothing to do but to spoil the fun of others. Please think positively & ask yourself if ECM is heading for the PN17 boat?

Now ask yourself if a successful businessman like Ambank Chairman Azman with a large percentage of ECM shares is that stupid to dispose it with a big loss? Maybe if these few devilish minds members here think they are smarter than Tan Sri Azman by giving all sorts of ridiculous comments, then they will multi-millionaires instead of sitting in front of their computer & use their devilish minds to poison the ECM investors. Sometimes it makes me wonder if there are such evil minded people exist?

So, my friends, be positive & think logically & not fall into the "fear pit" as some devilish people want you to be.

Cheers to all & please please use your sound mind to think logically, will you......reason out yourself logically & make your own decision.....many thanks.

Posted by Jolly Mypet > 2012-06-18 14:15 | Report Abuse

ECM heading for the PN17 boat ? what a sick joke !

Posted by Fasterom > 2012-06-18 14:26 | Report Abuse

Hold...

Posted by chong > 2012-06-18 14:29 | Report Abuse

Yes, brother Jolly Mypet , that's what some devilish mind members here wants us to believe by given all sorts of ridiculous negative statements. ECM selling ONLY the share broking arm and ECM shareholders getting a total of 68 cents & still have ECM shares and the devilish minded person say ECM is worth 65 cents....can you imagine that, OMG.....cheers.

Posted by jtpc2006 > 2012-06-18 15:12 | Report Abuse

bro Chong and all like minded friends, there is this thing called reverse psychology practised by the few fault-finders here, that is to frighten the crowd, depress the share price and then swoop in to make a killing by buying low and then wait for the fruits to fall. If you read between the lines and the snide remarks made, that's being greedy.round. Let's remain objective, cool, logical,reasonable and generous.

Posted by PierreVenochi > 2012-06-18 15:13 | Report Abuse

RE: eagleis,

share price of Nestle @ RM 56.50 (down 90 cents), I am looking forward to your conclusion.

Posted by aunloke > 2012-06-18 15:18 | Report Abuse

My dealing with ECM, bought at 79sen in April betting on takeover, sold at 85 sen after the news feeling that the management may not give us a good deal. Now after the announcement of the repayment, try to buy back at the best price possible. It's like paying about 12 sen for a stock with cash of 26 sen per share and a small on going business, good or bad I'm not sure,but I know that I got a discount of more than 50% .

Posted by Fat Cat Tim Buddy > 2012-06-18 15:20 | Report Abuse

bring you to holland.. 3 match 3 lost.

Posted by lam622622622 > 2012-06-18 15:38 | Report Abuse

Don't panic,ECM need some time to digest after many days in favorite.When ECM price going up everybody talk positive when price coming down everybody will condemn .Just wait,now is too early to comment.

Posted by my101home > 2012-06-18 15:40 | Report Abuse

Is the special dividend subject to 26% tax? If it is, that will b costly

Posted by tsejuie > 2012-06-18 16:17 | Report Abuse

Capital repayments are not taxed.

Posted by nubhan > 2012-06-18 17:03 | Report Abuse

tomorrow another candle to 0.76

Posted by ejtic > 2012-06-18 17:17 | Report Abuse

Like my remisier said, "Those who know nothing will sell. Those who know how to calculate are kept buying today."

Posted by usry > 2012-06-18 17:20 | Report Abuse

that y i sold all mine last week. don't want to involves in controversy.

Posted by chong > 2012-06-18 17:21 | Report Abuse

Exactly brother ejtic .

Posted by ejtic > 2012-06-18 17:26 | Report Abuse

It's a simple calculation. Then use your own judgement. After all, it's your own $$. Make your own decision. Full stop.

Posted by aunloke > 2012-06-18 17:28 | Report Abuse

0.76 will be lovely, which means paying .08 for a stock with cash of 0.26 per share. For those who bought at 0.86 , don't feel bad, you are actually paying 0.18 for 0.26, it's still a gain of 8 sen. So cheer up!

Posted by casual_investor > 2012-06-18 20:12 | Report Abuse

hi aunloke,

how do you come out with this calculation? dont mind please brief me. thanks.

Posted by wup6199 > 2012-06-18 20:39 | Report Abuse

SStill can invest in this counter??????

Posted by aunloke > 2012-06-18 21:00 | Report Abuse

After giving us back cash and KNN share the management retains about RM 216M cash which translates into 26 sen per share (derived from 216/827 outstd. shares). The cash and KNN shares add up to about 68 sen, so if you buy at 80 sen the investment cost for this 26 sen stock is 80-68= 12 sen only. Right ?

Posted by nubhan > 2012-06-18 21:03 | Report Abuse

if i buy tomorrow, am i entitled to this package?

Posted by aunloke > 2012-06-18 21:25 | Report Abuse

The date of entitlement and the ex-date has not been announced, only buying after ex-date will not be entitled to this repayment. But after ex-date the price can be...... well , try make a good guess.

Posted by my101home > 2012-06-18 22:02 | Report Abuse

A very similar trading pattern like OSK, the share price slump after the announcement with selling order far exceed the buying side. The deal may be better than OSK however there is too many punters waiting to cash out, will be interested to see if ECM able to hold on well for the coming days.

Posted by talk2pkc > 2012-06-18 22:15 | Report Abuse

OSK is duly to receive stag of RM$ and as for ECM is duly to pay alot of RM$ !! More interesting is where is the money coming from for ECM ? Another "right issue" ????

Posted by casual_investor > 2012-06-18 22:33 | Report Abuse

Thanks aunloke. 12 cts for 26 cts is indeed a good return, but why are they selling? The real reason behind the selling is interesting.

Posted by my101home > 2012-06-18 22:49 | Report Abuse

Casual_investor, there are many undervalued stocks but their prices just don reflect it. The selling could be due to speculative fund want to pull out quickly, investors are not convinced on the deal etc. The well-informed people might have sold out the share during the hype earlier, that's why the shares didnt move up as much as it supposed to be although nearing the announcement.

Posted by casual_investor > 2012-06-18 22:59 | Report Abuse

So will it move up to reflect the real value after the selling?

Posted by aunloke > 2012-06-18 23:23 | Report Abuse

Casual_investor, this only means that you get a discount of more than 50% of something worth 26 sen .It does not mean that you gain 14 sen unless the ex-all price is 26 sen and this will take a few months more to come. The question here is whether worth waiting that long or not.

Posted by casual_investor > 2012-06-18 23:38 | Report Abuse

Ya. That is why "they" have taken their profits..... Cos no waiting and cash out first.

Posted by ejtic > 2012-06-19 09:05 | Report Abuse

Like my remisier said, "Those who know nothing will sell. Those who know how to calculate are kept buying today."

Posted by chong > 2012-06-19 09:59 | Report Abuse

Yes, brother ejtic , those yesterday were feed with fear statement by a few devilish minds to sell cheap...now they regret, hee, hee,,hee

Posted by ejtic > 2012-06-19 10:04 | Report Abuse

There is a saying, "Common sense never common practise."

Posted by qianhuik22 > 2012-06-19 10:28 | Report Abuse

if you check on the volume, you would know that there's more buying volume since ystd. that would indicate something, right?

Posted by jtpc2006 > 2012-06-19 10:43 | Report Abuse

now they see the big picture based on logic, facts and reason; otherwise the blind leading the blind.

Posted by Jolly Mypet > 2012-06-19 10:57 | Report Abuse

different mind works differently some people think it is better to take profit now rather than wait because anything can happen tomorrow. after all it is their money and also their investment strategy. hey sierra sierra whatever will be will be the future is not ours to see hey sierra sierra !

Posted by eagleis > 2012-06-19 14:31 | Report Abuse

foolish people, people with very low iq and eq and monkeys are still holding this counter. devilish people avoid it altogether

Posted by eagleis > 2012-06-19 14:36 | Report Abuse

devilish people like me hold tasco, takafool, boustead, favco, ecs, mbsb hahahahaa

Posted by eagleis > 2012-06-19 14:36 | Report Abuse

even my dog avoids ECM

Posted by istyletech > 2012-06-19 14:40 | Report Abuse

erm eagleis , y are you so angry when get ECM with their own money??..y ur angry like people are using your money to buy..i think people have their own decision on what to do with their own money =)

Posted by lam622622622 > 2012-06-19 14:59 | Report Abuse

cool down cool down eagleis.TO be a gentlemenlah let others pray for ECM going up.who's know may be ECM can go above 1 ringgit.

Posted by usry > 2012-06-19 15:14 | Report Abuse

ECM will shoot to RM1...? oh noooo!!!! not my day...=)

Posted by lam622622622 > 2012-06-19 15:25 | Report Abuse

Bro. usry nothing is impossible from the trend yesterday is panic selling and profit taking. If ECM commented no good then today should be going down again but today has rebound it show something is positive. Am i right?