Christine Leeif really go for private, do u think it will push up the price? pls notice the agm they got mentioned any major corporate exercise such as bonus share or private replacement( but started from fully converted LA six months later)..at least for this few months, no good news which pushed up the share price even with coming financial result is performing good( sinced they had mentioned a lot unbilled sale many times, even kid also know). i believe mathematics, poor management = the share undervalues always. that is fund manager didn't invest this counter. In malaysia, if the share is not politic , local & foreign fund manager, blue chip, goreng , i cant imagine how far this counter will last ? somemore the big major shareholder are not local based( always stay in hong kong ), to them L & G just kacang putih business because Chew family had huge business based in china n hong kong. Malaysia market just learning platform for their children( his daughter n son).. overall conclusion, end of the day, i believe Chew family will sold to other property company...Again The price of this counter is not cheap, most of the property counter price are cheaper than their NTA. After the conversion of LA, The price for now is 55cent which 20% expensive than their NTA. IF the usa side increased their interest rate with the reason showed usa economic is good sign, it will be slump of this counter back to below it NTA price ...
charlie82Latest PE6 only, NTA I read is 0.749 right? If so 0.55 is 0.199sen or 26.3% discount!? wasn't there earlier talk of more corporate exercise (goodies to reward shareholders)?
YOLOOOOIf L&G can earn 29million profit sustainably every quarter and include the effects of dilution in ICULS (total ordinary share = 1,051,783,216 + 144,825,844), EPS will be 9.69 sen. PE will then be 5.67
Christine Lee>Bing, my initial enter price is rm.54- rm .57 around 130 lot . earn 5 digit after short ride on early sept n sold. Same with other investor , do research n find this counter not bad. after that buy back again think can be long term . Before small crisis on mid oct, this counter started drop around 60 cents slowly. i admitted my mistake and sold all which wrong calculation on converted LA to it mother share by major shareholder cause NTA adjusted from 76 cents to 46 cents now. i believed some other investor are smarter which know this technical adjustment sold earlier than me. This give me a good lesson of this counter, during good time , major shareholder unbelieveable cause the price down and bad time ( mid NoV, last 2 week) acted like freefall. Maybe i put too much hope on this counter...Pls notice other counter such as inari, umwog, etc..what the major shareholder action when price slump? they come out to buy back their share( it give us confidence, major shareholder are standing with us , we die they also die..) . i don want critic so much, confidence , major shareholder to stabilise the price is key important to investor especially bad time. but i don see any action in this counter? same scenario it happen in world market, even market slump on 2007, dow jone drop until 6000 and recent euro crisis, all the FED reserve and ECB will support and back up the investor to stabilise the market recovery. my personal advice for this counter no long term, buy when u think is really cheap and sold when it jump high..all the good news with expected better quarter result had reflect it price and mostly investor also know and most important is not new which can stimulate the price up. To me , investor,s confidence level the emotion is the first concern for me to buy the share not it financial result or earning. Again, every investor had their own theory, probably i wrong.. good luck everybody..