Is E&O a good trading?...

Well, the lawsuit from the minority shareholder with respect to the stake sales of the 3 largest individual shareholders to Sime Darby is going to gain traction... :)
You know what, its a no brainer that the stake sale in my opinion is fishy in nature because it involves the CEO of E&O and the price is like way beyond all time high annd perhaps a level that all the minority shareholders will never ever get from their investment in E&O.
Its simple... its a political move by Sime Darby.... again I think its BN's way of wanting to get a hold of the assets that E&O has in Penang island ....primarily the large landbank it holds.
Its also a deal that pissed off ECM Libra who is left in the high and dry since there is no GO by Sime.
The minority shareholders are marginalized and by right, people should be dumping the shares because knowing if Sime can unlock more values, why the CEO himself sold his shares? and knowing that the CEO sold his shares at such a high price to a government linked company says alot about the deal.
If in anyway, somehow the lawsuit turnout to be in favour of the minority share holders, it might bump up the share price of E&O. March is coming... a good trading buy in my opinion but there are risk because the deal apparently is backed by BN hence remember its a trading buy. Just riding the news...

By the way, MBSB is charging nicely... deal coming through? :)