I have checked with my friend remisier @E, and he say it is a share swap deal, not selling the entire co. Thus you can't expect the price to reach 1.00. Well br prepared for the worse and look forwards for the best.
Nothing to worry much about it going down or up as we the shareholders will all get good money from Kenanga & left with ECM fully loaded.....a cash cow in fact, hee, hee,hee
Let them give up but i know we are getting our money worth....68 cents from Kenanga and sill holding ECM shares with the knowledge that ECM had a big pile of cash it gets from Kenanga takeover.
bro chong, do you know about when the special dividend would be declared? hope it would be asap since GE is near and hope can get out from the market for a while to observe..
brother James Woon , I think the dividend will come around December. Now the price is 84.5 cents & if it moves everyday liekt eh past few days,I am sure that before the dividend arrive, ECM price may have hit $1.00+
Dividend declared....dividend money come first before Kenanga take over.....goodies all the way.
Now read please..
2143 ECM ECM LIBRA FINANCIAL GRP BHD 1st & Final Single-tier Dividend 2.4 Sen
Entitlement Details: First and final single-tier dividend of 2.4 sen per ordinary share
Entitlement Type: First & Final Dividend Entitlement Date and Time: 06/08/2012 05:00 PM Year Ending/Period Ending/Ended Date: 31/01/2012 EX Date: 02/08/2012 To SCANS Date: Payment Date: 14/08/2012 Interest Payment Period: Rights Issue Price: 0.000 Trading of Rights Start On: Trading of Rights End On: Stock Par Value:
Name Lim Kian Onn Address 2nd Floor, West Wing, Bangunan ECM Libra 8 Jalan Damansara Endah Damansara Heights 50490 Kuala Lumpur Descriptions(Class & nominal value) Ordinary share of RM1.00 each Details of changes
Currency: Malaysian Ringgit (MYR)
Type of transaction Date of change No of securities Price Transacted (RM) Acquired 06/07/2012 1,296,000
Acquired 09/07/2012 1,110,000
Acquired 10/07/2012 190,000
Circumstances by reason of which change has occurred Direct interest - purchase from market Nature of interest Direct interest Consideration (if any) Total no of securities after change
Direct (units) 83,934,410 Direct (%) 10.13 Indirect/deemed interest (units) 4,440,900 Indirect/deemed interest (%) 0.54 Date of notice 11/07/2012
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
aunloke
974 posts
Posted by aunloke > 2012-06-13 17:54 | Report Abuse
ECM will be drifting at this level for a few months until shortly before and after the ex-date. So make your own decision , buy , hold or sell.