Posted by ckinsg > 2012-08-10 20:14 | Report Abuse

it is a trap... those who chase E&O late fri... prepare to die next mon... Ha Ha Ha

Posted by Rose Eu > 2012-08-10 20:50 | Report Abuse

Tony u r mysterious, yr only comment is buy, keep buying, no contra. If only u elaborate more , we would have paid more attention, anyway congrats to u n all holders of e&o. Wonder what will happen to its price on Monday. Lots of contradictions .

Posted by KC Loh > 2012-08-10 20:53 | Report Abuse

i think the current SC chairman said Sime can go ahead with the E&O general offer. The last problem was because his predecessor's husband was E&O chairman and loaded up his stake in E&O before the share purchase by Sime was announced. Its definitely insider trading and the MACC is pussyfooting around.

thats what i know of the news currently.

Posted by tarzan67 > 2012-08-10 20:58 | Report Abuse

kcloh, the sc chairman chairwoman is supposed to catch insider trading. but never catch her own husband blatantly insider trading. how come har?
they spend time warning small investors. catching remisier for small fauolts, imposing uma whenever they like it.

Posted by PaulinaYong > 2012-08-10 21:37 | Report Abuse

dear trader please sell ASAP since UMA will be send to EO management this MONDAY..

Posted by KC Loh > 2012-08-10 21:41 | Report Abuse

that's the whole problem with our system when there is blatant no regards to minority whatsoever. If we had a strong minority watchdog and an effective justice system, this would not be the case! I still think MACC should be answerable to parliament and not PM office!

This is messed up when top management positions are inherited rather than earned! handed on silver plater rather than fought for!

Posted by Mat Cendana > 2012-08-10 21:49 | Report Abuse

KC Loh: But Sime does not want to make a GO. This was/is the issue last year. Minority shareholders were not happy because only certain significant shareholders had benefited from the RM2.30 buy. Sime says it only has 30% which does not trigger a MGO. Cynical, I would say. But many are of the opinion that it does because Sime "had acted in concert with significant shareholders, and thereby surpassing the 33%."

Sime can afford to make a GO, and everyone would be happy. Especially the minority shareholders. However, the fact is that it doesn't want to for its own reasons.

There's a blog post about today's "Most Sensational Story at BSKL". It's written by one "Mat Cendana":-P
"E&O-Sime Darby Saga: Who are the LIARs?...and the Winners & Losers?" http://bit.ly/RFAzRK
Note that this post is for the layman, the man-in-the-street and not BSKL pros like the people at this site.

Posted by PaulinaYong > 2012-08-10 21:52 | Report Abuse

For me just sell ASAP...in Malaysia money is the most important not politics...money can buy politician.

Posted by KC Loh > 2012-08-10 21:53 | Report Abuse

i think different management of Sime now is it? the last few directors were charged for some losses which i cant recall now.

This present batch also doesnt want to enrich Zarina's husband maybe?

if the UMA is called, its a win i guess for the minority and that brave guy who dared sued this useless group in the first place.

that was why i never even bothered with E&O or anything Sime touches in the first place!

Posted by PaulinaYong > 2012-08-10 21:54 | Report Abuse

i wouldnt like to know on company that MA base on chrony and not on fundamental..

Posted by Tony Liu > 2012-08-10 21:59 | Report Abuse

M-T...

Posted by Eric29 > 2012-08-10 22:14 | Report Abuse

Sory,tony wat de mean of M-T?

Posted by BigBug > 2012-08-10 22:14 | Report Abuse

KC Loh, do u think we should sell now??

Posted by KC Loh > 2012-08-10 22:33 | Report Abuse

there is a caveat here, as mentioned to other friends in this forum too, in that i am not familiar with E&O.

So i will just say this, if the case is a long drawn out one with Sime, I think today's spike should serve as a reward to minority and get out! Just taking a cue from the premium price for E&O purchase by Sime, as they paid a premium of 60% at 2.30, it means E&O is valued at 1.43. its already 1.90, so what are you all waiting for?

Posted by KC Loh > 2012-08-10 23:01 | Report Abuse

Cayalah Mat C, didn't know you could blog that well. i especially like the quote "Fortune favours the brave" you have utilized. Now, where have i heard that before? :)

Posted by weiboy90 > 2012-08-10 23:08 | Report Abuse

nice blog written by Mat. when i come back from penang, i saw E&O warrants price shot up so high and there is just one thing in my mind, i miss the time to earn big buck..lol..

Posted by KC Loh > 2012-08-10 23:10 | Report Abuse

UMA has actually been served and replied, not Monday as Paulina observed

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1035781

Posted by franksoweto > 2012-08-10 23:11 | Report Abuse

@tony congrats to you - I hope you make plenty. Please understand when you said buy buy buy you'll have to give a reason as to why. so now I assume you know something that we all did not at that time. Now the intereseting part is who is a liar as posed by Mat Cendana - of course for the minority sake better be MI but looking at things now it seems the star report is more credible. also with SC getting out a UMA is not too good for E&O on monday unless the MI report is true. Good luck to all the minority and like KC said it's a good time to get out - too much confusion in this saga - please remember we are in bolihland where the unthinkable or undoable can be done here.1malaysia= malaysia bolih!

Posted by ckinsg > 2012-08-10 23:24 | Report Abuse

Im scare next mon will not be too easy for u to get out of e&o.. Surely start trading 20% discount

Posted by tarzan67 > 2012-08-10 23:27 | Report Abuse

hahaha. good to know that. make it 30%. i already sold it. buy again??

Posted by reyes430 > 2012-08-10 23:27 | Report Abuse

UMA query on this counter,Monday outlook don't seem good as you know what happened on GPRO recently. GL!

Posted by tarzan67 > 2012-08-10 23:30 | Report Abuse

comparing GPRO with E&O???
compare aqua with real woman? u r funny.

Posted by ckinsg > 2012-08-10 23:34 | Report Abuse

Cannot 30% la, oredi limit down ma... 20% is enough for the punters to suffer from tis big trap... Ha ha ha

Posted by tarzan67 > 2012-08-10 23:37 | Report Abuse

but i want to buy cheap ma. hehehe.
i tell u har, Malaysia kini collect raya duit fr cindy's cat. publish it noon. then push it high high many sorhai chasing it like no tomorrow. tonite, tomorrow nite, sunday nite, they are all at Temple, or church, or mosque praying hard.

Posted by franksoweto > 2012-08-10 23:38 | Report Abuse

so we all know now that the earlier report from MI is not credible and the idiot who quoted will face the music if they bother to check them out - somebody made some money again at the minority expense. BOLIH BOLIH
http://www.themalaysianinsider.com/malaysia/article/sc-denies-volte-face-probing-sime-eo-trade/

Posted by ckinsg > 2012-08-10 23:39 | Report Abuse

Watever god oso cannot save u now... Ha ha ha

Posted by tarzan67 > 2012-08-10 23:47 | Report Abuse

franko, duit raya mah, urgent already. 1 more week raya coming. need cash fast. since when media is credible, all being feed by sharks and politicians.

Posted by franksoweto > 2012-08-10 23:50 | Report Abuse

so hope everyone who chased learn another lesson that whatever gov tells you cannot be trusted - goverment source hehe. maybe if they put Bolihland source might be more credible! In Bolih err Bersih we trust!

Posted by ckinsg > 2012-08-10 23:52 | Report Abuse

This is d same case as esso last time... Saying san miquel wil buy over esso... As u said, after noon break push d px high high n all d sorhai chase it like no tomorow... Thrn san miqeul said the take over px way below the curent px... Tomorow trading all die... Ha ha ha... Y d sorhai never learn from mistake??

Posted by tarzan67 > 2012-08-10 23:59 | Report Abuse

sorhai never learn one, if sorhai can learn, it wont be call sorhai liao.
all classic push, push like rocket all of a sudden. and all close high. so ppls would hold overnite. hehehe.

Posted by ckinsg > 2012-08-11 00:02 | Report Abuse

This three nights will be nightmare for these sorhai... Ha ha ha

Posted by KC Loh > 2012-08-11 00:02 | Report Abuse

tarzan67, where you find the energy to stay mad with the investment community for so long? go, go! go drink some cool herbal tea! :)

Posted by franksoweto > 2012-08-11 00:06 | Report Abuse

I got to invite tarzan for a drink - maybe some heine's will cool him down :)

Posted by Mat Cendana > 2012-08-11 00:06 | Report Abuse

There are a few things I'm not comfortable with in The Malaysian Insider's report. Firstly, we don't know who the writer. I've been a journalist before and I'd insist on getting a byline for this kind of `scoop'. Why is s/he being anonymous? But that's not too important - just thought I should mention it.

It's this one that I'm very uneasy about: it placed the information on "government sources" (and hence, "Hey! *They* said it - we are just reporting"). WOW! Sounds `very very credible', isn't it? But wait a minute: WHO exactly are these people? Does MI want readers to be led into assuming that they are `SC officers'? Or `very important and knowledgeable people inside the government'? It can be anybody - how about `not working in or with the government but have close contact with those who are'. As it is, the claimed sources are very vague.

As @fransoweto had mentioned, yes, The Star's report looks more credible. (But if it later turns out that MI is right, then the SC is the liar).

Another thing that looks odd - Even if the chairman is new, can he or the SC, just like that, order E&O to make a GO? This sounds so arbitrary. Shouldn't there be a process, like notifying those involved that a panel will review the previous decision first?

Has MI been used - or allowed itself to be used - to help someone or some party make big profits at the expense of speculators? By the way, I know for a fact that the ECM-Libra chairman, Datuk Kalimullah, had a hand in MI. And ECM-Libra is a significant shareholder of E&O. I'm not saying that he or ECM has a hand in this report - just mentioning a few things that I do know.

Posted by tarzan67 > 2012-08-11 00:06 | Report Abuse

i think drink too much coconuts. i now know it is heaty i tot i is cooling.

Posted by franksoweto > 2012-08-11 00:16 | Report Abuse

Yep Mat MI already came out with a denial as the same with the star so maybe someone can investigate the goverment source - then again in bolihland chances of this happening is slim to none! brace for some selloff guys - hopefully I'm wrong!

Posted by Mat Cendana > 2012-08-11 00:17 | Report Abuse

The second-last paragraph should be "order SIME DARBY to make a GO", of course. Anyway, although "Fortune favours the brave" (which I lifted from KC Loh's comment somewhere... and which he had also lifted Heheh!), there looks to be a big risk right now i.e. on the truthfulness and accuracy of the MI report. E&O's price next week hangs on it. As a few people have mentioned, perhaps it might be better to cash in quickly and run?

Since I'm also like you folks here: although I don't have any shares in E&O and counters that might indirectly benefit like ECM-Libra, I sincerely hope the MI report is right. Especially for the sake of those who had jumped in and grabbed the warrants - CA especially. Good luck!

Posted by KC Loh > 2012-08-11 00:23 | Report Abuse

LOL... coconuts! that's a prize hooter! LMAO

Posted by franksoweto > 2012-08-11 00:25 | Report Abuse

Fortune favors the brave - losses favors the chased!

Posted by KC Loh > 2012-08-11 00:28 | Report Abuse

why dont the rest of you non-affected just go prepare medical kits and surgery theatres for the incoming casualty list on monday from this thread?

tarzan67, stop playing coconuts! LOL

Posted by Mat Cendana > 2012-08-11 00:29 | Report Abuse

@franksoweto: Oh, so they (MI) too had published the denial? But the more important thing is this - are they strongly sticking to their story come-what-may, or is there an attempt to wriggle out of this and place the blame on those "government sources", whoever they are (and whether they really exist")?

I can anticipate what is going to happen. When asked, they will hide behind that noble-sounding "We will NEVER reveal our sources and would rather lose our lives than do so!" That is so convenient. But since they want it that way, then they will have to accept FULL responsibility. They could have easily contacted the SC first to verify the story, knowing that something like this will influence investors, involves and puts at risk MILLIONS of ringgit. Why didn't they? Was it intentional i.e. a conspiracy to drive up the price for certain parties to benefit?

Yes, this warrants an investigation, especially if investors lose a lot of money. Get the SC, police, MACC involved. I'm going to see how it goes.

Posted by KC Loh > 2012-08-11 00:32 | Report Abuse

its desperation i tell you. Market is doing well, they are afraid being kicked in the GE13 if everyone is flushed with cash. in thailand, they use bomb, in malaysia its poison pen.

i always read MI with a pinch of salt and a heine! now coconuts may be added to my list! :)

Posted by franksoweto > 2012-08-11 00:34 | Report Abuse

Yep Mat it's the front page now or earlier. Nah no investigation Police will pass to Macc and Macc will pass to Ag then passed back to Macc the somebody - hopefully the 'gov source' will jump out the window then back to Police and the back and forth - are you confuse now cause I sure am :) OK Nazri will out of no where will issue a NFA since he is the law minister. O.k all is well now - Next:)

Posted by franksoweto > 2012-08-11 00:37 | Report Abuse

Hehe Good for you KC heine and coconut - dunno the combo but I know dun drink whisky and eat durian at the same time :)Certainly dun listen to gov source is the safest especially Bolihland source!!!

Posted by franksoweto > 2012-08-11 00:46 | Report Abuse

So Tony - hopefully your buy tips are not from the gov source:)

Posted by KC Loh > 2012-08-11 00:47 | Report Abuse

samsu are made of these, frank! :)

Posted by franksoweto > 2012-08-11 01:02 | Report Abuse

ah samsu- lots of e&O chasers will be having samsu come Monday!

Posted by Chuchu > 2012-08-11 01:59 | Report Abuse

@Mat Cendana, I was just wondering if ECM Libra had cashed out from E&O ???

Posted by Tony Liu > 2012-08-11 08:39 | Report Abuse

GOOD MORNING TO EVERYONE IN THIS FORUM.JUST FOLLOW m-t....that all....! DON GUESS! Enjoy your expresso & nice bread.
SUNNY DAY IN MONDAY & THURSDAY!

Posted by jtpc2006 > 2012-08-11 08:46 | Report Abuse

Tony, still following you. Can buy more in E & O on Monday and Thursday?
Same advice also for UOA ? thanks.