Posted by gumbo > 2012-12-10 19:34 | Report Abuse

Reminds me of this story

http://www.freemalaysiatoday.com/category/nation/2012/12/10/musa-reveals-more-implicates-businessman/

Posted by batman > 2012-12-10 21:05 | Report Abuse

Anniversary 22 Dec
http://www.themalaysianinsider.com/business/article/minority-shareholder-sues-sc-over-simes-eo-offer-waiver

Posted by batman > 2012-12-10 21:24 | Report Abuse

Read carefully, the answer is there,
http://klse.i3investor.com/blogs/journeytowealth88/18763.jsp
Top 10 reasons to ....

1. Judge recuse
2. Task force findings
3. Azizan cleared
4. Musa Hitam step down
5. Cimb involvement....GK Investment
6. GK recent large buy in again
7. Azizan recent buy in again
8. Timing of financial result which was out 22 Nov ......what is 1 mth after 22 Nov? anniversary?

9. Why did deputy md Eric Chan sell....450k share.? Is that a lot for a major player?
10. How can this end? ONLY WIN WIN situation!

Posted by batman > 2012-12-10 21:26 | Report Abuse

EO may not be able to control when the announcement, neither can SIME or SC but mitigating factor is , it must be win win for all parties involve.........!!

Posted by batman > 2012-12-10 21:29 | Report Abuse

Tommylou, passerby .....you are not far.......look slightly sideways which you cannot loose,

Posted by passerby > 2012-12-10 21:42 | Report Abuse

lol batman, after mia so long reappear again :), look like this year Christmas gonna be good :)

Posted by batman > 2012-12-10 21:42 | Report Abuse

On the negative side but maybe positive depending on how you look at it
1. Sime Darby has shown poor judgment in this aspect before
2. SC will need to show how to overcome loopholes like this and the recent to ensure they stay viable and respected.

Posted by batman > 2012-12-10 21:58 | Report Abuse

The judge and the verdict have to be objective and fair in this case.

1. Objective in that the fact that Sime bought 30% is neither strategic business sense nor tactically business savvy since they are the single biggest share owner amongst the others (individually) but yet they refuse to commit the full buyout.

2. At the same time, why buy at 60% premium price in such a hurry if your are not committed to have full control. Otherwise they could have bought from open market and slowly accumulate. Yet they did not change the Management from the individual they bought the log stock and barrel from.

3. The judgment will have to show fairness in the sense that the 33% is still a loophole and SC will need to rectify that and their other weaknesses in their Governance to also protect the minority.

Posted by batman > 2012-12-10 22:09 | Report Abuse

Finally understand the reason or reasons for delaying a verdict especially this one......it has to categorically in every aspect that I have shared showing the verdict on facts have decisive outcome (since earlier flip flop between the SC task force and the SC management) and one that cement this mistake with a solution while ensuring that the pass mistake should not be a burden on the minority.

Posted by batman > 2012-12-10 22:12 | Report Abuse

Passerby......everything about Malaysia is nice tag line and timing to announce.....same like in the politics we play .....lol

Posted by passerby > 2012-12-10 22:22 | Report Abuse

lol, post more batman, enjoy reading those posts :)

Posted by batman > 2012-12-10 22:43 | Report Abuse

Take Scomi for example, it's a two bid hostile fight where either party wins, there will be likely change of management. During the fight there will be undercutting, green mailing, before show hand right?

in the above, it's already show of hand in the sense that Sime Darby takes the 30% thru agreement between major shareholderS hence being the reason no board was required and thus Azizan claim no knowledge when he bought. Hence their approach is a technical one which both parties agree and does not breach the 33%

So now the BIGGEST THING that the JUDGE in my opinion need to ADDRESS the irregular trading arrising from this technicality. What is worst is Balki in Nov 2011 reiterated that they may in future want the GO......

Posted by passerby > 2012-12-10 22:54 | Report Abuse

i believe you is another one been following this case since last year :)

Posted by batman > 2012-12-10 22:55 | Report Abuse

logically nobody wants to buy a majority stake thru a marriage deal at a premium price and not the open market if they are not in a hurry right?

If they are in a hurry, why stop at 30% stake? Too much money to cough out (rm2.6 billion) for total buyout is what I believe. A quote fr Bakke on StarBizWeek below reported on 11 Sept 2011

“At an appropriate time, we will consider a GO. It could happen sooner or later but that will be a business call,” he said in an interview yesterday.


So there you go ...hope it gives everyone something to think about!

Posted by batman > 2012-12-10 22:59 | Report Abuse

Not last year Passerby......long enough to know how Terry Tham thinks.....since the days when he was in full helm till today where he is a figure head based in London. Let's just say he is like Liew of Sp where their name is key to sustain trust

Posted by batman > 2012-12-10 23:05 | Report Abuse

Ppl like Tonyliupar does not understand the game. They are speculators with no real objective apart from making the share price fluctuate and this become irregularities in trading. Don't forget he has called GO for almost 1 year now but all it did was creating fluctuations and disbelieve.

Posted by passerby > 2012-12-10 23:09 | Report Abuse

wow, then you must be a die hard fan investor for E&O :), are you from Penang Batman ?

Posted by batman > 2012-12-10 23:09 | Report Abuse

If Tonyliupar did not call HOLD for share it would not have created so much anger on him.

Posted by batman > 2012-12-10 23:10 | Report Abuse

You have asked me that question before my fren.....anyway answer is NO not fr Penang

Posted by batman > 2012-12-10 23:11 | Report Abuse

They are a niche developer!!

Posted by batman > 2012-12-10 23:11 | Report Abuse

Don't compare them w SP or WCT or the likes....

Posted by passerby > 2012-12-10 23:12 | Report Abuse

sorry, couldn't recall. the reason i ask that way because all my Penang friends know E&O very well

Posted by passerby > 2012-12-10 23:13 | Report Abuse

won't compare it & definitely not intending to compare it

Posted by batman > 2012-12-10 23:14 | Report Abuse

Have a look at Sime properties, SP Setia and etc.....look at the house prices.....majority above a million now. even Sime....there is a market. However ENO is niche in their concept nt just the price

Posted by passerby > 2012-12-10 23:15 | Report Abuse

anyway, this tonyliupar has been mia since the po..p..e (postpone)

starts to suspect him to be associated with Singapore GKGoh since he said he's from Singapore

Posted by batman > 2012-12-10 23:16 | Report Abuse

If you had not read my opinion, how do you think this litigation can best be resolved?

Posted by passerby > 2012-12-10 23:35 | Report Abuse

initially, i just thought there will be 2 outcomes base on the news report.

1) judicial review - court over rules earlier SC decision - task force finding & judge recuse points

2) voluntarily GO - based on what CLSA reported earlier for better corporate governance & to safe certain ppl face

however, after i read tommylou story plot & links, i'm more under the influence of tommylou story links, you need to get him to show you all the links. he got a nice story plot there. it like the whole episode had been planned from the beginning :) he got all the politician links up together :)

Posted by batman > 2012-12-10 23:37 | Report Abuse

Lol......win win....!

Posted by gumbo > 2012-12-11 09:43 | Report Abuse

Got it!!!

Posted by diablo88 > 2012-12-11 09:57 | Report Abuse

fellow E&O bro..hang in there..I will be back

Posted by passerby > 2012-12-11 10:05 | Report Abuse

come back with upgraded weapons, don't use rocket launchers anymore, use nuclear missiles :)

Posted by gumbo > 2012-12-11 15:39 | Report Abuse

And kacang puteh Diablo......you said it was going to be soon early last month....till now still no news.....apa lah

Posted by gumbo > 2012-12-11 15:41 | Report Abuse

Kacang puteh, ur news not chun anymore leh.....what happen??

Posted by passerby > 2012-12-12 10:28 | Report Abuse

see if tommylou & batman prophecy coming true or not :)

Posted by passerby > 2012-12-12 10:32 | Report Abuse

i got 2 horses running today

Posted by diablo88 > 2012-12-12 21:37 | Report Abuse

passerby,batman & sneakylou, we have a stray dog here...can you get rid of him otherwise I am not coming back here

Posted by garyyoupe > 2012-12-12 21:50 | Report Abuse

Batman, can you send me the chart again?....how come I don't see the same thing you explain? Confused

Posted by garyyoupe > 2012-12-12 22:10 | Report Abuse

A huge lot of change in the other counters today.....creating a swap frenzy. Anybody heard anything real?....

Posted by passerby > 2012-12-12 23:28 | Report Abuse

diablo88: you are repeating the same cycle you have gone through with tommylou, i hope you can conclude it with gumbo in same manner you did with tommylou before :)

just continue with your postings, look it at more positive side - quite numbers of members here acknowledge your contribution.On the critics you received, maybe you can see how you can improve it in future

this is a free site, everyone has their right to raise their opinions. it is not my right to stop their right to give opinions

but i forsee, you guys will get along well soon :), hope i'm right

tonylim & fatcattimbuddy is a good example :)

Posted by passerby > 2012-12-13 12:41 | Report Abuse

on win-win situation - any possibility another entity emerge & offer take over for E&O

like that E&O majorholder & minority holder win, Sime Darby win, SC win. But who are willing do that ?

Posted by passerby > 2012-12-13 12:41 | Report Abuse

exploring the win-win possibility only

Posted by Matsaham Mashuk > 2012-12-13 19:22 | Report Abuse

Hmm..support at 1.55..smile--)

Posted by gumbo > 2012-12-13 21:36 | Report Abuse

Haha not wanted....

Posted by passerby > 2012-12-14 09:20 | Report Abuse

got new CW issued today, preparation for coming weeks frying ? :)

Posted by gumbo > 2012-12-14 09:27 | Report Abuse

Anniversary! Fireworks?

Posted by passerby > 2012-12-14 09:28 | Report Abuse

hopefully...

Posted by passerby > 2012-12-14 09:29 | Report Abuse

tommylou should be back by now...donno whether he got any news update

Posted by gumbo > 2012-12-14 10:05 | Report Abuse

I still like this comment. So far E&o has been delivering for the last 3Q.....should be gd reason! Hahaha

http://klse.i3investor.com/blogs/journeytowealth88/18763.jsp

Posted by DIABLO88 > 2012-12-14 10:41 | Report Abuse

there;s some hindrance on the court case..leave it for now...come back next year for this.

Posted by passerby > 2012-12-14 10:46 | Report Abuse

next year just 14 days away. next few months to be precise ?