Did Dr M push them to do it? ... Khairy Jamaluddin has controversially sold all the shares he had in ECM-Libra, just days after PM Abdullah Ahmad Badawi appeared on tv to formally condone the son-in-law's (equally controversial) RM9 million purchase of those shares late last year.
Khairy's two "friends" - ECM-Libra executive chairman Kalimullah Hassan and co-founder David Chua - who lent him the money to buy those shares have also, unexpectedly, sold their shares in ECM-Libra.
Bernama had the story at 7+pm (story not there anymore) and Screenshots has the perspective here and there.
I don't have answers, ex-BT reporter. Just more questions for the PM. Did he know? If he did, was it his idea?
Aisehman is confused, too, and has got questions of his own.
Bro,
ReplyDeleteCan you shed some light on this man? And be quick about it! Is this a precursor of other things? Why would millionaires suddenly cash out on something as big as this? Will they be buying something bigger? Was their pressure behind all this? What does the company law say about such sale? Lack of confidence? Internal reasons? Some grievances perhaps? Could this be the work of the PAC?
Bro, get some answers man! Would you, in your right mind, sell off your shares after going through so many challenges over the years to get the company to be where it is? Something's brewing here dude!
rockybru said Aisehman is confused, too, and has got questions of his own.
ReplyDeleteAisehman isnt alone. Many are also confused.
I aint no economist. But someone with the handle BigGuyDotCom at forum.mykmu.net explained it as:-
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“Betul harga saham ECM Libra semasa Khairy beli ialah RM0.71*, TETAPI masa itu, modal terkumpul ECM Libra berapa? Sekarang ini, lepas pegabungan, berapa modal terkumpul? 3 kali ganda. Maknanya saham syarikat ECM Libra Avenue 800 plus juta saham. Setakat turun 6-7 sen sesaham, pegangan turun dari 9% ke 4.3% TETAPI kalau modal terkumpul meningkat 3 kali ganda lebih, tak untung ka????
Nota kaki* : Saham ECM Libra di'naik'an dari nilai RM 0.70 dalam masa AMAT SINGKAT ke RM 1.06 dimana harga digunakan sebagai nilai untuk dijadikan asas perbincangan pegabungan antara ECM Libra dan Avenue Capital.
Mana pernah untuk business model dalam dunia ni, modal KOSONG, risiko RENDAH (sebab Avenue Capital, sebagai syarikat GLC, DIJAMIN Kerajaan, so apa pun berlaku, Kerajaan aka MOF tidak akan benarkan bungkus) TETAPI KEUNTUNGAN BESAR YA AMAT!!!!
Kenapa TV 3 tak lapor detail transaksi itu TETAPI HANYA HIGHLIGHT harga turun dari 71 sen kepada 65 sen dan melepaskan pegangan sahaja????
Jawapanya: MEDIA SPIN!!!!
The principle is very simple. Nilai ECM Libra modal asalnya sekitar RM 200 juta. Avenue Capital modal asalnya dekat 800 juta saham. Dua syarikat ini BERGABUNG dan ECM Libra mengawal/menguasai syarikat yang lahir dari kedua-dua syarikat pengabungan ini.
ECM Libra Avenue dikuasai oleh antaranya Khairy Jamaluddin, Kalimullah Hassan, Lim Kan Onn dan David Chua. Sekarang ni, 4 orang ini, memegang 53% dari saham syarikat baru itu. Syarikat baru ini modalnya besarlah. Exactly, Kawan tak boleh cakap sebab tak buat research khusus lagi TETAPI memang amat besar berbanding dari saham asal ECM Libra atau Avenue Capital Resources Bhd.
Asalnya Khairy HANYA pegang 3% saham dari ECM Libra dibeli dengan harga RM0.71 sesaham, maknanya saham asal ECM Libra ialah 12.6 juta dari dari modal asal ECM Libra dalam 430 juta saham. Dikatakan Khairy memegang 4.3% saham dari syarikat baru ini. So, kalau ada 4.3% saham dari 850 juta saham, bermakna Khairy memegang lebih 36.5 juta saham.
Bayangkanlah, asal ada 12 juta saham, selepas bergabung ada 36 juta saham. Tak bagus ka tu????
Kalau kalau jatuh 6-7 sen pun TETAPI volume 3 kali ganda, tak untung besar ka????
Apa-apa pun, kena tunggu Selasa, bila laporan kewangan analisa pasaran modal keluar detail penuh transaksi.
P/S
Kawan congak ja sekarang sebab pasaran Bursa Malaysia tutup. Tak tahu details
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The plot has indeed thickened. But I think they sold out to avoid more questions being asked.
ReplyDeleteI you ask me, I think they're finding it difficult to explain the sales of the shares to KJ and the IOU they extended to him. Too unbusinesslike and too blatant.
There's the question of legality of the deal and the IOU.
I think they're worried that Tun M or somebody else has something up his sleeve on the deal and the subsequent purchase by ECM Libra of the government/public-owned Avenue Capital Resources at a discount.
They are hoping to distance themselves from the PM who, as Finance Minister, is responsible for approving the deal.
I think they are doing this to save the PM. I am sure somebody influential and knowledgeable had whispered to PM to start slaughtering the sacrificial lambs to save himself.
I dare speculate that Kali will soon disappear from the NST, followed by his Brendan and the rest of the lot.
With the kind of publicity it is receiving lately, even KJ's and Kali's best friends and backers like Ananda Krishnan, Tony Fernandez, Vincent Tan and Francis Yeoh would not dare to continue to give business to ECM Libra Avenue.
Bro,
ReplyDeleteReading your rocky's bru and Jeff Oii screenshots on the selling off ECM-Libra shares by Khairy's and his two other "friends", I have only 3 questions to ask i.e:
1. Did they listen to 'beruk' and 'iblis'?
2. Are they afraid of the 'beruk' and 'iblis', the names they created?
3. So the 'beruk' and 'iblis' did say the right thing, huh?
4. Or its their strategy of "running now before something worst is about to happen next"?
Bro
ReplyDeleteSalamun 'alaika. Saya ni bodo banyak dlm hal2 saham menyaham ni (teringat pulak cerita pengikut2 setia seorang pemimpin Umno yg kena pecat yg pernah dituduh kononnya saling memberi ucapan asSAHAMu 'alaikum sesama sndiri).
Oleh kerana ikhlas cakap dan tak membohong sikit pun bahawa saya ni bodo sungguh dlm hal2 saham-menyaham ni, kalu sapa2 tau tulong la bagitau lima perkara ni:
1. Betui ka PM tak tau bila dia jawab tak tau apa langsung pasal ECM Libra telan Avenue Capital Resources Bhd dulu? Dia kata, "I am not involved in any way. I don't know" [http://thestar.com.my/news/story.asp?file=/2006/1/20/nation/20060120231853&sec=nation].
2. Menantu PM sblm ni kata, dia beli saham ECM Libra tu dengan duit org bagi pinjam. Tadi Bernama lapor, "Khairy sold his shares for 65 sen a share yesterday. He had bought them at 71 sen a share in December last year".
Bila beli 71 sen sesaham, jual 65 sen, tentulah margin antara 71 sen dan 65 sen tu dia kena bayaq sendiri, tak cukup kalu stakat nak guna duit hasil jual saham tu saja nak bayaq hutang. Banyak tu. Tentu menantu PM ada berjuta lagi duit dia untuk settlekan margin antara beli 71 sen dan jual 65 sen tu.
Oleh kerana saya bodo banyak bab saham menyaham ni, betui ka pertanyaan saya bahawa ada lagi baki hutang daripada selisih antara 71 sen dan 65 sen tu?
3. Kenapa sebaik saja Khairy dilaporkan beli RM9.2 juta saham ECM Libra, terus kompeni tu boleh telan Avenue? Kebetulan ka, lagu mana ka? Kalau kebetulan, awat sampai la ni org dok main mcm2 lagu pasal timing telan dan kenyang tu?
4. Apa alasan Suruhanjaya Sekuriti bagi izin penggabunan Avenue dan ECM Libra dalam keadaan aset ketara bersih (non-tangible asset) Avenue tidak dinilai dengan tepat dan sepenuhnya serta hanya mengambil kira syarikat induk semata-mata tanpa mengambil kira kepentingan Avenue dalam beberapa syarikat utama lain seperti Pos Malaysia Berhad dan lagu mana pulak kepentingan perniagaan ECM Libra dinaikkan dari nilai sebenarnya? [greatly inflated from the actual value tu! kalu dgn sbb lambung value sampai ke langit ketujuh tu ECM Libra boleh telan Avenue, sah2 kenyang sampai ke telinga tu.. Pasai tu la kot menantu PM jual saham dia dlm ECM Libra tu, pasai hari2 telinga dia dibagi makan free dgn kelazatan hidup biar sedap!]
5. Berapa haribulan penelanan Avenue diluluskan oleh Unit Perancang Ekonomi (EPU) sebelum dia ditelan ECM Libra pada 17 Januari 2006 dan tarikh Mandatory General Offer dibuat sebelum Avenue Capital ditelan kenyang oleh ECM Libra?
Sapa2 yg pakar harap sangat tolong la jwb, sbb sy memang tringin nak tulis pasal benda ni, tapi tak berapa reti sangat. Kalau lima jawapan tu saya boleh dapat, insya Allah, saya akan tulis setakat jawapan yang diberi tu... Sedekah la sikit ilmu kat saya...
Adakah kerajaan akan membuat satu keputusan drastik dalam penggabungan Avenue- ECM yang kita tidak tahu tetapi telah diketahui oleh Khairy dan Kalimullah?
ReplyDeleteBro
ReplyDeleteSalam. Pls sngt2 edit posting sy tadi, bukan silap sikit tapi silap banyak! Dah tidoq dah tapi bila tringat bukak pc balik. Saya sebut tadi aset ketara bersih tu non tangible aset. Yg sbnarnya, net tangible aset, harap sngt2 Bro tlg edit, pls! Salam.. (yg ni tak payah publish la kot..)
... and YDP (Yg Disalah Pileh) AAB calls it fitnah and not to listen to websites and blogs ...
ReplyDelete... KJ must be reading and he believes it ...
... Sellign will just serve his political spin but does not absolve him ...
Even orang di Paghit Perak is saying "koma senang saja macam mana kompeni kecil bule makan kompeni beso?"
Bru,
ReplyDelete....and the plot gets thicker and thicker. Read this!
BM headline: "Dr M cuba jatuhkan PM -- Nazri sedia tampil sebagai pendekar Umno untuk bela parti"
New Sunday Times: "Mahathir wants to topple PM -- says minister" (The minister is Nazri).
Shall we toast to Nazri the pendekar?
Vintage 52 or 47?
Happy bilated birthday Nazri!
Happy 59th birthday Anwar (Aug. 10)
Nazri and Anwar should gang up to defend Pak Lah and finish off the old man.
penarik baca, salams. mintak maaflah bro, saya tak dapat nak edit. saya tak tau pun kalau komen sdr/sdri boleh diedit. yang saya tahu, tekan "publish" or "reject". macam menteri kewangan bila nak "approve" atau "reject" ecm-avenue merger (selepas tahu menantunya salah seorang pemegang saham baru dalam ecm). tk, pertanyaan2 sdr amat jitu. jelas sdr tak bodo tapi taknak mengaku lebih pandai dari orang lain sebab nanti dipanggil iblis ya..
ReplyDeleteRocky,
ReplyDeleteI'll tell you whylah bro, K and gang, suddenly disposed off their shares.
FIL innocently spoke on national TV of his SIL's independent purchase of shares and the loan obtained from a "friendly" bank(which I find as very peculiar) and SIL thought FIL had talked too much in public and now ACA and a host of bloggers have got plenty of questions to ask !
Thinking once sold/disposed,they free from probe lah ? Okaylah,now got smarter and buy back using proxy ! Clever meh?
Just my devious theory...bro!!
Any ublic company deals that goes thru--all info shld be available on bursa website.None of your readers able to go thru the info and to workout how much money Kj win or loses?
ReplyDeleteNone of your readers are ex-NST financial reporters kot...
K2K
pujangga,
ReplyDeletethere are more people, i think, who are cursing kalimullah, than those who wish him well.
i always believe that GOD is great. It is my belief that Kalimullah has "menganiayakan" many good people.
he is, to me, a very bad person. What he used to write in the Sunday Column was pure fiction, in the sense that he was trying to portray (to certain people/leaders) that he is a compassionate human being.
He is not. he is far from one.DoI know him? enough to know that he is not a good person. He is good to people who are servile to him, who are lesser than him, whom hew can use and abuse. Some people dont mind that. Some people are like that.
Kalimullah spreads lies when he wants to bring down someone. And he loves to gossip. He believes in lies and rumours too. And acts on them.
He is very insecure. But you can understand why. Just take look at him.... you could never have any admiration for a person like him.
what i am saying here is oh so mild..... compared to what i am willing to say in person. oh well.... kalimulah --- birds of a flock feather together.