1) When the RI shares are credited the account, there will be a HUGE jump in number of shares. Most likely the number of shares will increase by 1.6x. So expect some selling to ensue, especially from those who bought the OR shares to profit from potential arbitrage and mispricing.
2) When dividend is given out, expect another selloff too.
All in all, I expect/hope the share falls to below RM0.23 in the next month. I will probably queue at RM0.225.
It's still a good stock long term.
tanhy123It might gives 2 cents of final dividend in Sept/Oct, this bring the total dividend to 4 cents. Depends on how many percentages of major shareholders holding after the RI, the higher the likely they generous to pay.
siam888After taking 21 sen from RI sure a lot of money. More suspicious is why need RI at all? Non a con stock?
tanhy123 It might gives 2 cents of final dividend in Sept/Oct, this bring the total dividend to 4 cents. Depends on how many percentages of major shareholders holding after the RI, the higher the likely they generous to pay. 23/04/2017 16:31
luckymanUpon completion of the current rights issue, this counter is set to fly when it expedites the launches of its Ampang Astoria, 90-acres Shah Alam landed development, Sena Parc landed property project in Seremban and Damansara Foresta Phase 2 as well as the redevelopment of Sri Damansara Club into a commercial mixed development project.
Jen Ern TanWhat should I do if I still have not received the subscription form?
imlearningi bought or already, what's the next step i need to do?anyone can share?
huat888Pay rm 0.21 to subscribe the OR. Last day of payment is 03 May.
Phifia AllanJen Ern Tan What should I do if I still have not received the subscription form? 24/04/2017 21:27 ------------------------------------------------ download from www.bursamalaysia.com
imlearninghuat888,where can i do the payment?thru agent? im very new in the market, tq for your guide.
imlearningif i bought 50000 OR, what happen i dont have enough money to do full payment? i only able to pay 10000.
huat888imlearning: Call yr remiser or Investment centre on how to subscribe OR If insufficient fund to subscribe all the 50k ORs, subscribe 45k or 46k OR and forgo the rest. Better do it fast, as last day of payment to the Registrar is 03 May.
nithavjayalaxmiThanks huat888... me also bought 10k unit... couldnt sold 24/4/17..
Jayusually there will be a small relief rally after rights issue completed, let's see how this counter performs
value_investVery good buy, After RI, the stock is in net cash position, In KLSE now, you can hardly find a property stock below NTA of RM0.37 and cash per share of almost RM0.20 and pending div of RM0.02.. Based on my analysis, the Land injected by MAYLAND are located in good location which can be launched anytime.. Post RI, MAYLAND will trigger her current shareholding of 32.5% with the undertaking of additional excess... Advise: VERY STRONG BUY...
imlearningcan see the form on bursa website, anyone have the link directly?
Han FaiHello all, if I bought the share, the investment bank will direct bank in to me?
imlearninghuat888 , i fill up the "rights subscroption form", after that have to go for revenue stamp RM10, right? (am i fill in the right form?) i have no mother share, only bought OR.
huat888Hv u called up yr remiser or Investment Bank? They should advise how to subscribe the OR.
huat888Can just buy OR to subscribe the Rights Issue.
huat888Next time buy OR under niminee account to save the trouble. INvestment bank will do everything for u at a fee
GgwpbroDividend yield can cover one year interest dy if buy in now. So cheap?
prudentinvestorThose who had bought L&G at 50 sen and above not too long ago just need to wait till its share price goes up to 33 sen to reach break even point, very highly possible in the near future.
value_investBased on fundamental, the share price is so depressed and cheap now.. Market players were irrational dumping the shares without making proper study and research.. Those who buy now or last week will be making gain of 30% to 40% when the price reaches 33 sen.. Advise: Strong Buy...
The_RedsI buy at 0.24 which is slightly higher than 52w low of 0.235..now it seems to slowly climb back to above 0.3
Surewin123haha, i hit and run twice in this counter
i agree that fundamental wise this counter is solid. Just lack goreng element.
GgwpbroNeed goreng goreng fry it up now. Fasten your seatbelts in the meantime