Posted by Linux > 2012-03-28 10:53 | Report Abuse

Shut up Spinninglotus....I guess you fart thorough your mouth alot and ate shit for breakfast. Just read thorough your last few comments and you know that you are born to a bitch.

Posted by Mohd Shuk > 2012-03-28 10:56 | Report Abuse

Good Stock!!! Hold!!!

Posted by spinninglotus > 2012-03-28 11:45 | Report Abuse

Im buying ecm.

Posted by spinninglotus > 2012-03-28 11:45 | Report Abuse

Brother Linux,you should learn to be polite.

Posted by spinninglotus > 2012-03-28 11:47 | Report Abuse

ECM is extremely oversold already.If brother Linux does not recognise bottom of ECM now,then how else you know how to invest?

Posted by spinninglotus > 2012-03-28 11:50 | Report Abuse

A human is not supposed to eat shit for breakfast,fart through mouth and born by bitch.Haha...brother Linux has seen such human being?

Posted by spinninglotus > 2012-03-28 12:02 | Report Abuse

Generally whole sharemarket is very weak,because of China factors.China economy is decelerating,but we all do not know China economy very well.If China soft landing,good for bull market,if hard landing,then panic selling will come.

Posted by Mohd Shuk > 2012-03-28 12:04 | Report Abuse

EURO + CHINA = EFFECT MARKET !!!

Posted by fzank > 2012-03-28 12:09 | Report Abuse

spinninglotus, you bought many ECM ?

Posted by spinninglotus > 2012-03-28 12:09 | Report Abuse

Euro looks stable at the moment. They have gone through their refinancing needs about 40%,another 60% to go next 3months.So if next 3months we can go through smoothly,US will do whatever to support economy as we see from how Fed Chief Ben Bernanke comments.

Posted by spinninglotus > 2012-03-28 12:15 | Report Abuse

I have many ECM.And at the same time I use profit from other shares trading to buy more ECM.Reason is I believe eventually ECM will be bought by Kenanga.We are just waiting for their negotiation to complete,like RHB-OSK,Kencana-Sapuracrest.They all take a long time and until now not complete yet.

Posted by fzank > 2012-03-28 12:21 | Report Abuse

thank you spinninglotus (SL) ... i just bought at 0.795 hope it is good entrance price

Posted by spinninglotus > 2012-03-28 12:27 | Report Abuse

Brother fzank,ecm will announce financial results soon.So they will reveal dividend.Im waiting to see how the financial results to be for 2011.I think it could be same or slightly better.Once they decide share buyback to pay for dividend,its share price should fly.If you notice,since last share buy back and distribution of share as dividend,its treasury shares are almost no shares left.

Posted by spinninglotus > 2012-03-28 13:03 | Report Abuse

And brother Linux,may be you should abandon ECM completely because you seem to be transfering all your anger of ECM towards me.ECM is not suitable for Brother Linux.

Posted by Su Jackie > 2012-03-28 13:09 | Report Abuse

YB Brother Slotus - not to worry about others. I am all support for you.
I have already accumulated a lot of ECM and guess what - the results will be reasonbly good. They have doen well and the price is cheap.

Their financial performance warrants applause and they will have to get much higher pricing from K & N. This is where hard barganing is going on.

Posted by aunloke > 2012-03-28 13:20 | Report Abuse

ECM strong support is at .78 even though it has broken below its SMA200 line. Unless the market drops badly like that of last Sept. it is hard to drop below this level. So the downward risk is small and the upward gain ( well you know, if the due goes through ) would be at least......?. So I'll take bet, hope more will joint.

Posted by aunloke > 2012-03-28 13:30 | Report Abuse

correction on last post : it has broken its SMA50 line and not SMA200 line, sorry for the mistake.

Posted by Jjtrader > 2012-03-28 13:57 | Report Abuse

agree, I still holding 200,000 shares on it even I bought at the price around RM 0.85. I am sure it will fly one day.

Posted by Jjtrader > 2012-03-28 14:03 | Report Abuse

I wish I can buy more at current price 0.795 but already run out of bullets, need to earn more to invest further.

Posted by Jjtrader > 2012-03-28 15:39 | Report Abuse

By observing the recent price drop, I guess the quarterly result must be bad.

Posted by fzank > 2012-03-28 15:42 | Report Abuse

:(

Posted by Jjtrader > 2012-03-28 17:22 | Report Abuse

Today closing forming an inverted hammer sign, hope it will be better from now on.

Posted by Su Jackie > 2012-03-28 17:23 | Report Abuse

Wah JJ, by talking like that, you want ECM to drop so that you can raise your total volume to 300,000 shares. Leave soem for others to buy cheap lah !

Posted by aunloke > 2012-03-28 17:46 | Report Abuse

Not to worry of the Q4 result,even it turns out -ve the NTA remains intact. The bet is on the take over and so much on its value.

Posted by aunloke > 2012-03-28 17:49 | Report Abuse

again I made such a careless mistake, the bet is on the take over and NOT so much on its value

Posted by chong > 2012-03-28 18:20 | Report Abuse

Yes, brother aunloke , the bet is indeed on the TAKEOVER. All negotiations is almost completed & the final touches had to done to make it perfect for all....so just hold & wait my friends....good luck to all.

Posted by my101home > 2012-03-28 21:51 | Report Abuse

JJ you are right, the financial result is not good. Insiders selldown might the cause of recent drop

Posted by spinninglotus > 2012-03-28 21:54 | Report Abuse

Financial results are out.Not that good.We get 2.4cents dividend per share.NTA increased to rm1.23

Posted by spinninglotus > 2012-03-28 21:57 | Report Abuse

Some of the profit has been paid to directors as performance bonus. And also higher taxation.

Posted by alntm > 2012-03-28 22:00 | Report Abuse

as per press release: lower profit mainly due to lower net gain from sale of securities..

Posted by spinninglotus > 2012-03-29 05:47 | Report Abuse

Its shareholder's fund has crossed rm1billion for the first time.Hope Kenanga will value ecm at rm1billion so that the takeover price will be higher than rm1.00.Sale of security is volatile component of its earnings,however.Most of its business segments showed earning increase compared to last year,except dale of security.Operating cost has increased leading to lower profit.

Posted by spinninglotus > 2012-03-29 07:47 | Report Abuse

Operating cost is too high relative to earnings.No mention why operating cost has increased so much in 2011.Year end performance bonuses rm8million has eaten into the final profit. From profit point of view,ecm growth story is no more.But good thing is no debt,and its net assets and cash keeps increasing compared to 2010.Now only reason to stay is for Kenanga takeover. Let us watch how would its share price reaction be next few days.

Posted by spinninglotus > 2012-03-29 17:02 | Report Abuse

Look like support is strong at current level. Let us watch again tomorrow.

Posted by spinninglotus > 2012-03-29 19:50 | Report Abuse

Brothers,I had few comments on ECM financial performance for 2011 overall. I just received their reply.Once analysed,if anybody interested,I will post it here. If not,I will keep it to myself.

Posted by terry15 > 2012-03-29 20:26 | Report Abuse

Kindly post your finding here. Already hold ECM more than 5 years, entered price is RM1.57.

thx

Posted by my101home > 2012-03-29 23:06 | Report Abuse

sharing is always welcome ~ thanks

Posted by Jjtrader > 2012-03-29 23:11 | Report Abuse

Sharing is caring. Thks

Posted by albert05 > 2012-04-02 13:47 | Report Abuse

Brother Spinninglotus how come the price still going down?

Posted by jtpc2006 > 2012-04-02 14:32 | Report Abuse

Hi Chong, can update on the 'takeover', hope to receive the good news soon? Btw, thanks for counselling patience, will still hold until then.

Posted by my101home > 2012-04-02 21:52 | Report Abuse

jtpc, i think nobody knows the update except for the insiders

Posted by spinninglotus > 2012-04-02 23:18 | Report Abuse

Sorry brothers, I was busy with my work.

Posted by spinninglotus > 2012-04-02 23:20 | Report Abuse

Brother Albert05, if you look at ECM share price from the techinical prospective, it has hit bottom of 0.79, and this is likely to show reversal into rebound soon.

Posted by spinninglotus > 2012-04-02 23:21 | Report Abuse

It should climb back up slowly as market sentiment generally has improved due to improving economic data from China and America for this week, reinforcing the strength and resiliency of the world economy.

Posted by spinninglotus > 2012-04-02 23:23 | Report Abuse

Many people are anticipating the crash like what happened last year. Things are not the same as last year as economic fundamental has improved relative to last year and this year we have political force working to support the market no matter what.

Posted by spinninglotus > 2012-04-02 23:24 | Report Abuse

As for the latest financial report for ECM, it mainly reflects the worst case scenario for the whole year of 2011 due to European debt crisis.

Posted by spinninglotus > 2012-04-02 23:25 | Report Abuse

This year ECM earnings will definitely more than 2011 total earning of rm35million in net profit. 2011 earnings is likely to reflect the worst earnings for the past 3-4 years.

Posted by spinninglotus > 2012-04-02 23:26 | Report Abuse

However, ECM should trade into forward PE instead of 2011 PE because of improving fundamental for 2012, as we can assess from the world market environment.

Posted by spinninglotus > 2012-04-02 23:27 | Report Abuse

What contributes the most for ECM earnings, is actually sale of securities. It means trading of shares like how you and me earn. Sale of securities generally has affected many people in second half of 2011 due to market crash and European Debt crisis.

Posted by spinninglotus > 2012-04-02 23:29 | Report Abuse

Initially I had few comments about its 2011 financial report, and I had expressed my queries to ECM, and I was worried about whether it was due to its management problems. Here I will post to you all about its detailed explanation, and it was to my satisaction that the management actually did their jobs in professional manner.

Posted by spinninglotus > 2012-04-02 23:31 | Report Abuse

Thank you for highlighting your concern in our Company’s performance.



We would like to clarify that profit before tax has declined from RM86.7mil in last financial year ended 31 Jan 2011 to RM53.8mil in current financial year ended 31 Jan 2012 mainly because net gain from sale of securities was substantially lower at RM24.6 million compared to RM82.2 million a year ago. The Group’s underlying operation has improved as measured by higher net interest income (FY2012: RM36.2mil; FY2011: RM29.5mil) and higher net brokerage income (FY2012: RM47.3mil; FY2011: RM44.2mil).



Our Group awards bonus to employees strictly based on merit. For the record, the bonus provision for FYJan2012 is less than 50% of what was made in FYJan2011 and the amount has been carefully deliberated by management and approved at the Board level. In addition, overall personnel expenses has also declined year-on-year from RM52.6mil in FY2011 to RM50.9mil in FY2012.



Once again, thank you for your interest in our Company.