Bursa Alert
Global Market
NewsStock With Momentum: ECM Libra Financial Group
Page 1 of 1
Stock With Momentum: ECM Libra Financial Group
by Cals Thu 04 Jun 2015, 23:12
Stock With Momentum: ECM Libra Financial Group
ECM Libra Financial Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
ECM (Fundamental: 1.35/3, Valuation: 1.65/3) has risen by 35.2% to RM1.42 since it proposed to distribute up to RM320.10 million or RM1.20 per share to its shareholders, by way of cash distribution or a combination of cash and distribution-in-specie of shares and/or warrants of Eastern & Oriental Bhd (E&O).
The cash component of the proposed distribution will be funded by cash reserves, retirement of loan assets, and redemption of investments in unit trusts and shares. The remaining balance will be in the form of the E&O securities or in cash, provided that the E&O securities are fully realised in the interim period.
As at end-May 2015, ECM held 64.08 million shares and 40.0 million warrants in E&O with total market value of RM129.19 million.
Notably, E&O shares have declined 14.7% year-to-date.
The stock trades at a trailing 12-month P/E of 12.9 times and 0.81 times book.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on June 4, 2015.
ECM Libra Financial Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (-ve)
ECM (Fundamental: 1.35/3, Valuation: 1.65/3) has risen by 35.2% to RM1.42 since it proposed to distribute up to RM320.10 million or RM1.20 per share to its shareholders, by way of cash distribution or a combination of cash and distribution-in-specie of shares and/or warrants of Eastern & Oriental Bhd (E&O).
The cash component of the proposed distribution will be funded by cash reserves, retirement of loan assets, and redemption of investments in unit trusts and shares. The remaining balance will be in the form of the E&O securities or in cash, provided that the E&O securities are fully realised in the interim period.
As at end-May 2015, ECM held 64.08 million shares and 40.0 million warrants in E&O with total market value of RM129.19 million.
Notably, E&O shares have declined 14.7% year-to-date.
The stock trades at a trailing 12-month P/E of 12.9 times and 0.81 times book.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on June 4, 2015.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Stock With Momentum: CME Group
» Stock With Momentum: SCH Group
» Stock With Momentum: Instacom Group
» Stock With Momentum: Muar Ban Lee Group
» Stock With Momentum: Key Alliance Group
» Stock With Momentum: SCH Group
» Stock With Momentum: Instacom Group
» Stock With Momentum: Muar Ban Lee Group
» Stock With Momentum: Key Alliance Group
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|