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Last Price Today's Change   Day's Range   Trading Volume
0.20   0.00 (0.00%)  0.195 - 0.20  264,500
9,900 comment(s). Last comment by alamak123 at Feb 15, 2018 10:35 AM
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Nobulshit
64 posts

Posted by Nobulshit > Feb 1, 2018 03:51 PM | Report Abuse

Based on WSJ database on L&G, the company cash flow for the FY2017 (up to 3rd qtr) is in the negative region. That means, the company is operating on loan to maintain a positive EPS. Hence, I foresee the current price is unsustainable. Braised yourself, investors.


skvt9
17 posts

Posted by skvt9 > Feb 1, 2018 07:04 PM | Report Abuse

you should change your nick to fullofbulshit


skvt9
17 posts

Posted by skvt9 > Feb 1, 2018 07:19 PM | Report Abuse

Fullofbulshit, are you sure you understand how cash flow statement work? as per Q3 , L&G has RM400 mil cash/deposits and they just bought RM300 mil worth of land in 2017 ( 3000 acres landbank fyi). RM710 mil project launched and which developer does not leverage on borrowing for their business?


Nobulshit
64 posts

Posted by Nobulshit > Feb 1, 2018 11:54 PM | Report Abuse

Sincerely hope my statement does not gets the better of anyone. The last time I have checked, the forum is designated for discussion and not name calling. Haha! Let's leave the name calling to the local politicians shall we?

The purchase of the 4 ML companies with land bank was done using "additional" fund that was brought in via right issue @ RM 402 million in the 2nd qtr, 2017. However, the company cashflow has already fallen into the -ve region starting 1st qtr of 2017.

Anyway, I am looking forward to the further drop in price (that is happening as of now) in near future. I am expecting a price drop below RM 0.20. To all of the bargain hunters out there, happy hunting.

To all Chinese investors on this forum, I would like to wish you "Gong Hee Fatt Chai" and to the remaining non-Chinese Malaysians out there like myself, "Happy Holiday" :)


Nafisah Shamsuddin
19 posts

Posted by Nafisah Shamsuddin > Feb 2, 2018 05:41 PM | Report Abuse

Price support for this counter is getting weaker.


tanhy123
69 posts

Posted by tanhy123 > Feb 2, 2018 07:44 PM | Report Abuse

We should have different opinion in the forum for discussion.
I am not surprise of this company's net cash flow from operation is negative in 2017, because the company did not launch projects for long.
On the other hand, it is a good thing because they can launch projects which suits the market needs soon.


CheyWee Lim
16 posts

Posted by CheyWee Lim > Feb 3, 2018 11:24 AM | Report Abuse

price no up... then is useless


skvt9
17 posts

Posted by skvt9 > Feb 4, 2018 11:48 AM | Report Abuse

Of cos we can hav different opinion for dicussion , but not for some jokers keep asking cash out/in position with weak/weird accusation. It give me cancer to see their comment


Nobulshit
64 posts

Posted by Nobulshit > Feb 4, 2018 12:37 PM | Report Abuse

My apology in advance. If I am wrong or misquoted anything, anyone is welcome to correct me but no names calling lah brother. Hahhaa! If you are right abt something, hands down to you bro as i will benefit from it too. The idea is to make money and not enemies. Hahhaa..

Having said that, the launching of new projects by L&G of RM 710 million is based on GDV. The total GDV is not based on one but a collective GDV of numerous projects that has been scheduled to be launched BEFORE the end of 31st March 2018. Not all of the projects have been launched till today. Furthermore, GDV and cost of construction is NOT the same. :)

Belum lagi launched semua projek sudah masuk merah. Ini yang tak betul lah brother. Jangan marah ye bro... saya hanya ingin mengaut keuntungan bukan lawan sesama sendiri. Tiada faedahnya... hahahaa.... kia semua kawan, bukan lawan... jikalau saya salah, anda dialu-alukan utk membetulkan kenyataan saya, tiada masalah bro... jangan sampai panggil nama yang bukan-bukan lah bro... that is uncall for..


Nobulshit
64 posts

Posted by Nobulshit > Feb 4, 2018 12:42 PM | Report Abuse

Perhaps someone can enlightened us on how does L&G cash flow falls into the negative region during the 1st qtr or the year before the purchase of 4 Mayland companies in the 2nd qtr. Furthermore, the purchase of the landbank companies is via right issue and not from their own pocket, and still, it cast LG cashflow into the negative region?

Thanks all!


tanhy123
69 posts

Posted by tanhy123 > Feb 4, 2018 05:18 PM | Report Abuse

Nobulshit, the answers should be in the QR report. As far as I can remember, the company did not launch new projects (except the recent one in December 2017) for almost 2 years, which means that it only depended on Dsara Foresta alone, which is not enough to cover the operational expenses. For the past 2 QR, some of the property companies including L&G incur operational loss, but to make the QR report looks better, they revalue the land Bank.For L&G, it included one time compensation from gov who acquire its land for Mrt development.
All these activities including the newly or about to launch projects will only produce cash after a while, but in the short term L&G still have to pay for all the operational expenses. Revalue land Bank definitely cannot generate cash.
I did not revisit the QR reports, but hope it explains something at least from business and accounting perspective.


Nafisah Shamsuddin
19 posts

Posted by Nafisah Shamsuddin > Feb 4, 2018 10:57 PM | Report Abuse

Good sharing, Tanhy. Actually L&G does bought into a piece of land in Shah Alam during the first quarter in 2017. However, that should not have affected the operation cash flow but investment cash flow.

Just take SP Setia for example, they have just completed their purchase into I&P company for a total of MYR 3.5 billion as of late last year. However, SP Setia still maintain a healthy operation cash flow in 2017 despite the large acquisition of land bank.


Nobulshit
64 posts

Posted by Nobulshit > Feb 5, 2018 08:14 AM | Report Abuse

Thank you for clearing things up, Tan and Nafisah! I am targeting a price below RM 0.200. Hopefully the price will come down soon before the P&L announcement. Ka-ching!!


James James
242 posts

Posted by James James > Feb 5, 2018 09:01 AM | Report Abuse

Mr Nobulshit ,the directors would not allow for its price to fall below 0.21,so dont dream


Nobulshit
64 posts

Posted by Nobulshit > Feb 5, 2018 09:56 AM | Report Abuse

Just wishful thinking, James! Still, you can't stop one from dreaming right? Furthermore, the price has dropped for more than 45% since 3 years ago and it is at an all time low of RM 0.205. Can't see the reason why the price won't go down any further.


tanhy123
69 posts

Posted by tanhy123 > Feb 5, 2018 01:18 PM | Report Abuse

I think the management of this company will support the price at current level. Even if the company lose money in coming report, they will still use the accounting tricks to beautify it. On the other hand, if we know that is their baseline, probably a small investor should follow instead of go against them.


Nobulshit
64 posts

Posted by Nobulshit > Feb 5, 2018 05:11 PM | Report Abuse

Judging frm the weakening price support @ RM 0.205 tier, I don't think the company is going to do anything since L&G has just started launching their new projects and significant return can only be seen in about a year or more. Payment can only be collected from property buyers via progressive claims. Hence, during the initial construction stage (land clearance + hoarding work + foundation) that will takes at least 4 months, claim during this stage is insignificant.

Furthermore, L&G's cash flow is not doing well. It is not very convincing and any price pushing may not sustain.


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 07:01 AM | Report Abuse

Break 0.20 , Time to BULK IN , reverse attack , CNY special dividend declare , i queue 1000 LOT STANDBY MODE at 0.195 .


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 07:02 AM | Report Abuse

DJI 1000 point down , good and nice , i defense at 0.20 entrant door , back up at 0.195 1000 lot , see the solid wall can collapse or not , hahahhahah


Williamwongcs
7 posts

Posted by Williamwongcs > Feb 6, 2018 09:44 AM | Report Abuse

Thanks for the good sharing by nobulshit, tanhy and nafisah.


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 10:55 AM | Report Abuse

i admire the down trend , every corner side stock is reverse gear , is normal for me , i accept what ever result , CRASH < CRISIS OR ARTIFICIAL FACIAL SHOW , I know in the end , it stand strength .


Nobulshit
64 posts

Posted by Nobulshit > Feb 6, 2018 11:45 AM | Report Abuse

For a sell down of close to 10 million units within 3 hrs, L&G is holding up pretty well. I guess you have a point there Tan.


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 12:22 PM | Report Abuse

Co ordination from inside and outside , i believe soonest stand back as usual as strength .


tanhy123
69 posts

Posted by tanhy123 > Feb 6, 2018 01:12 PM | Report Abuse

Nobulshit, I think major shareholder worry more than anyone if the price keep going down. They should have enough bullets due to the right issue.


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 02:04 PM | Report Abuse

dark nite over bright day is coming , any bad should have a better for the changed , i confident in short period time , recovery to normal , this all over reaction , the worse is past , the good days is arrived .


POORDAD
171 posts

Posted by POORDAD > Feb 6, 2018 03:27 PM | Report Abuse

bought in @ 0.195. this counter has good hopes.

will spring back to 0.215 in no time :)


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 04:02 PM | Report Abuse

Buy on its fundamental .


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 04:03 PM | Report Abuse

Today also i bulk in a lot .


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 04:06 PM | Report Abuse

BAD INCIDENCE once a while , after all , everything settle down , dance continue , horse running , all will back to normal .


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 04:10 PM | Report Abuse

CNY dividend fitted giving , heard good news before CHOP GOH MEI .


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 04:11 PM | Report Abuse

ONE MONTH MATTER , WORTH BET ON < THEY IS STILL BIG HOPE ON ITS BONUS DIVIDEND GIVING .


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 04:12 PM | Report Abuse

MASTER PAY IN STOCK MARKET IN TERM BONUS DIVIDEND .


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 04:41 PM | Report Abuse

I shopping whole day , is quite tire , but is excited plus energetic , i hope for next CRASHED MAKING , in order for me , shopping grasp again .


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 04:45 PM | Report Abuse

I add a solid evidence to all of your here , TO NITE , DJI TO NITE REBOUND BACK , 2000 POINT HIT JET BACK , BLOOMBERG LATEST NEWS SAY < AMERICA FATIGUE THE STOCK CRISIS IS FAKE , NOT ISSUE SHOW THE BAD SHIT , SHARP RECOVERY .


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 05:03 PM | Report Abuse

POORDAD or POORMUM , in future will be PRETTY RICH PAPA AND MAMA , if willing to join the train .


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 05:05 PM | Report Abuse

i am waiting your all , tomorrow , another BULK IN , MAKE IT BIG EVEN BIG < RAINBOW , AFTER RAIN REAL PHENOMENA < COLOR YOUR LIFE .


Nobulshit
64 posts

Posted by Nobulshit > Feb 6, 2018 07:06 PM | Report Abuse

http://www.theedgemarkets.com/article/buy-now-or-stay-clear-heres-what-analysts-are-saying-about-us-selloff


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 6, 2018 07:40 PM | Report Abuse

To entice interest in Bursa Malaysia, Prime Minister Datuk Seri Najib Razak announced a three-year waiver on the stamp duty on shares of mid- and small-cap companies on Bursa beginning March 2018, whereas margin financing rules will soon be liberalised.

The stock exchange has amended the regulated short selling to allow all investors to conduct intra-day short selling. Intra-day short selling is only permitted for licensed proprietary traders on Bursa.

Meanwhile, Bursa will introduce a six-month waiver on trading and clearing fees for new investors on the capital market and a volume-based incentive programme.

Details on the implementation of these measures will be announced in a few weeks time, according to Securities Commission chairman Tan Sri Ranjit Ajit Singh.


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 7, 2018 07:59 AM | Report Abuse

I confident , this years , PROPERTY SECTOR BOOST UP , Worldwide all healthy , rapidly growth , wealthy is crowded , not reason property not moving , time BOOM is highly trace , L&G will TRIPLE UP , is fitted .


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 7, 2018 08:00 AM | Report Abuse

WINNER always brave to challenge the future forecast .


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 7, 2018 08:02 AM | Report Abuse

AS i mention , i will bulk in shopping again , while it is still LOW , today target 200000 million share tackle , i challenge the weak dispose to me , SORRY , is my group , ROSSA GROUP INTERNATIONAL LTD .


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 7, 2018 08:04 AM | Report Abuse

SPECIAL EVENT , LET THE ATMOSPHERE CHANGED , RAINBOW EVERY WHERE .


khatulistiwa1234
6339 posts

Posted by khatulistiwa1234 > Feb 7, 2018 08:05 AM | Report Abuse

2018 , YEARS OF WEALTHY .


skvt9
17 posts

Posted by skvt9 > Feb 7, 2018 01:14 PM | Report Abuse

Nobulshit, my apologize . was thought that you are kind of calvintaneng or the guy above me . your lately statement do carry some weight


Nobulshit
64 posts

Posted by Nobulshit > Feb 7, 2018 01:41 PM | Report Abuse

No worries bro. All is good! ;)


Nobulshit
64 posts

Posted by Nobulshit > Feb 12, 2018 04:07 PM | Report Abuse

If the next quarterly p&l report is not helping in pushing the price up, I am afraid there will be a massive sell down by frustrated share holders who have been patiently awaiting for the counter to pick up over the past few mths.

Buying opportunity lies on L&G bedrock if the price were to go south before the end of the month. I am targeting between RM 0.175 and RM 0.180 should investors goes into selling frenzy.


POORDAD
171 posts

Posted by POORDAD > Feb 12, 2018 04:26 PM | Report Abuse

oh..when is the next quaterly report?


Nobulshit
64 posts

Posted by Nobulshit > Feb 12, 2018 08:17 PM | Report Abuse

The estimated announcement date of the latest QR is featured in the Financial Highlight located on top part of the webpage.


diqiuhao
128 posts

Posted by diqiuhao > Feb 13, 2018 11:51 AM | Report Abuse

someone promised naked run when share price below 20cents....


alamak123
41 posts

Posted by alamak123 > Feb 15, 2018 10:35 AM | Report Abuse

good counter to collect,predict will declare more 10 % dividend.next year 15 %.gong xi fatt chai to all share holder.

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