EAH Still Looks Too Cheap At This Juncture

In my Sept 14 posting, I blogged EAH as one of my picks under the heading -  Shopping List:" .... 3) EAH - I spoke to management and they are well on track to doubling their net profits this year. The DDSB acquisition is a big plus. Up to RM0.32 is OK.."I also came across this blog -alphachart.blopspot with the following .....EAH...Another Selective Buy |EAH is the other stock that I bought into due to its low risk technical reading. It falls within the group of potential stock in penny stocks which would see selective action in this market.All in all, CCM and EAH still represent "finger food" trades and defensive...

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How To Fix This Major Thing (Important Posting)

Many observers seem to think that the spate of management buyouts, General Offers, privatisations of listed companies is a good thing. Of course this is a very bad thing. If it was infrequent, then we can say it may be positive. The rate at which it has been happening means that investors are not according the "right valuation" for these counters.If you still think this is not a problem, then you must be aligned with BN. The main troubling aspects which led to this: corporate transparency (or lack of); too many injudicious RPTs; trampling over minority interests (too many to mention); institutionalised corruption and leakages; and mismanagement of resources and GLCs. All that are important contributors, but none is as significant as the crowding out effects by local funds holding way too much...

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Hibiscus Flowering

Hot from the desk of RHB: Hibiscus announced that it has entered into a conditional share subscription agreement (proposed subscription for 76.9m new shares and 22.1m existing shares) with Lime, representing in aggregate 35% of the enlarged issued and paid up share capital for a total cash consideration of USD55m. Lime Group currently owns 100% of three concessions in UAE and Oman i.e. RAK North Concession, Sharjah Concession and Block 50 Oman Concession. Based on Aker Geo valuation on the concession the current net risked recoverable resource for the three concessions is 200.7mmboe. Based on prevailing dollar/boe 2P reserves for...

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