Its rights issue had been well subscribed by 93% shareholders. Coupled with 27% of excess applications received, the rights issue had indeed been over-subscribed by 20%. What a surprise to many people. Hence, 93% of existing shareholders have shown support for the company.

The company will remain cash rich with more land bank ready for immediate development to generate more profits for the next 5 years!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5424125

The hiccup and delay in Bandar Malaysia is a blessing in disguise for the local developers as there shall be less supply of new properties in KL and effectively less competition for the property industry.

The issue price of the ICUL was 13 sen. Previously one needs to surrender one ICUL plus 13 sen cash to exchange for one ordinary share when the conversion price was 26 sen.

Now the conversion price has been reduced to 20 sen arising from the recent rights issue of the mother share but the issued price of ICUL remains at 13 sen. Hence, going forward, one will only have to surrender 1 ICUL (issued price @ 13 sen) plus 7 sen only to exchange for one ordinary share. The ICUL is hence undervalued now @ 18.5 sen when the mother share is 27.5 sen. One can buy and convert immediately and sell quickly.

The upside for the ICUL will be good when the mother share starts to rally in the second half of 2017.

Buy the ICUL and convert it into ordinary share and sell for a 10% profit as it is undervalued nowi

Extract from its annual report:

Moving forward, the Group will continue to do what we always do to build affordable houses because we see the potential of this market sector, in our fl agship projects, including the Taman Nusa Bestari, Taman Bestari Indah, Taman Kempas Indah, KSL Residences @ Daya, Canary Garden @ Klang and Commercial City @ Bandar Bestari which have successfully recorded encouraging sales albeit a cautious property market backdrop.

With efficient planning and tight cost control, assuming property market is improving and bank financing for the purchase of properties continued to be abundant and easily available for the properties purchasers with lower rejection rate, we are confident of another year of good performance and hence, looks forward to a profitable year ahead.

https://cdn1.i3investor.com/my/files/dfgs88n/2017/04/27/1505952929--52846736.pdf

Kimlun has quietly started its engine to move up slowly or more jobs being secured..???

http://klse.i3investor.com/servlets/stk/chart/9679.jsp

Even WCT has started to move up....when can GOB follow Malton & WCT?

26 sen now. Its share price won't double but can go up by 20 sen easily when the property sector is seen as undervalued and set to recover.

http://www.thestar.com.my/business/business-news/2017/04/08/property-investments-by-government-funds/

Kimlun has been consolidating at circa 2.20 for too looong. It's time to catch up with broader market....

http://klse.i3investor.com/meeting/7183/11-Apr-2017/5694_1762093922.jsp

The corporate tussle has just begun. Will they try to grab more shares in the open market to seize control of the company to kick the opponents out?

Its ICUL is undervalued now @ 18 sen.

The conversion price is one ICUL plus 7 sen => 1 ordinary share which closed at 26.5 sen today. One can consider buying the ICULs now and convert into ordinary share immediately

8 sen !
Tiger back in action

Upon 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.

http://www.theedgemarkets.com/article/morgan-stanley-five-reasons-go-overweight-malaysia-stocks

http://www.theedgemarkets.com/article/morgan-stanley-five-reasons-go-overweight-malaysia-stocks

On 15 April 2013, Sapphire Index Sdn. Bhd. (“SISB”), a wholly-owned subsidiary of Tropicana,
entered into a sale and purchase cum development agreement with Menteri Besar Selangor
(Pemerbadanan) (”MBI”) and Permodalan Negeri Selangor Berhad (“PNSB”) for the proposed
acquisition cum development of 11 parcels of leasehold land, all in Mukim Tanjong Duabelas, District of Kuala Langat, State of Selangor measuring approximately 4,743,986.21 square metres (51,063,794 square feet) for a total cash consideration of RM1,297,259,264-00. The purchase price is analyzed at merely RM 25.40 psf.

Theoretically, Tropicana stands to realize substantial profits & cash flow from the above land should it choose to dispose of the entire piece of land now.

New shareholder is still buying...

http://klse.i3investor.com/servlets/stk/annchsh/7183.jsp

The Tan family has been cashing out over the last 6 months. Hopefully a new shareholder is on the way coming in.......to transform this company.....

https://klse.i3investor.com/blogs/smallcap/121142.jsp

DIRECTOR KEEPS BUYING.....

http://klse.i3investor.com/servlets/stk/annchdr/8761.jsp

BCB connects with its investors/fans vide facebook :-


https://www.facebook.com/tansridatotansengleong/photos/pcb.739288206231513/739288196231514/?type=3&theater
https://www.facebook.com/BCBBerhad/

http://www.thestar.com.my/business/business-news/2017/04/21/petronas-carigali-awards-contract-to-sarawak-govt-owned-firm/

https://klse.i3investor.com/blogs/OoiKakHwa/120678.jsp

https://klse.i3investor.com/blogs/smallcap/121142.jsp

ICUL conversion price = 20 sen

Effectively it means = 1 ICUL worth 13 sen nominal value + 7 sen cash => 1 ordinary share

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=179662&name=EA_DS_ATTACHMENTS

So, it's cheaper to invest in ICULs if one believes the counter will go up in the next few months.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=179662&name=EA_DS_ATTACHMENTS

The Tan family has been cashing out over the last 6 months. A new shareholder is on the way coming in.......

The Tan family is cashing out over the last 6 months. A new shareholder is on the way coming in.......

http://www.thestar.com.my/business/business-news/2017/04/14/report-good-time-to-invest-in-property-now/

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5386105

White knight coming in transform the company?? New hope to steer to greater heights??

http://www.thestar.com.my/business/business-news/2017/04/11/ire-tex-to-propose-board-revamp-at-upcoming-egm/

http://www.thestar.com.my/business/business-news/2017/04/10/strong-takeup-for-matrix-concepts-landed-property-in-negri/

Hopefully L&G's proposed landed property project Sena Parc could garner the similar level of response and market acceptance

http://www.land-general.com/property-development/sena-parc

http://www.land-general.com/property-development#all

http://bcbbhd.com.my/wp-content/uploads/2016/06/17_06%E4%B8%9C%E6%96%B9%E6%97%A5%E6%8A%A5_4.jpg

http://bcbbhd.com.my/news/bcb-riding-out-the-storm/

When Sentiment Trumps Fundamentals

http://cdn1.i3investor.com/my/files/dfgs88n/2017/03/21/1485850852--559830659.pdf

http://www.theedgemarkets.com/my/article/ire-tex-takes-legal-action-claim-rm115mil-tey-por-yee

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5385697

It is cheaper to hold its ICULs than the mother shares.

On 1 July 2016, TDMSB entered into a sales and purchase agreement(“SPA”) with Tiarn Oversea Group Sdn.Bhd. for the disposal of the Land in the Mukim of Pulai, District of Johor Bahru with developable area measuring in aggregate of approximately 251.5855 acres in area for a cash consideration of RM569,871,328 (“Proposed Disposal”).

As at to-date, the Proposed Disposal is still pending fulfillment of the conditions precedent in accordance with the terms of the SPA.

(i) The expected gain from the Disposal is approximately RM55.5 million (net of tax
payable); and

(ii) The net proceeds of approximately RM218.4 million after repayment of bank
borrowings, taxes and any related expenses arising from the Disposal are expected to
be utilised for the working capital and/or repayment of bank borrowings of Tropicana
and its group of companies.

The issued price (also known as Norminal or Par Value) of the ICUL was 13 sen. Previously one needs to surrender one ICUL plus 13 sen cash to exchange for one ordinary share when the conversion price was 26 sen.

Now the conversion price will be reduced to 20 sen but the issued price (also known as Norminal or Par Value) of ICUL remains the same at 13 sen. Hence, going forward, one will have to surrender 1 ICUL (issued price @ 13 sen) plus 7 sen only to exchange for one ordinary share after the ex-date for the impending rights issue for the mother share.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/3635957

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5383217

The issue price of the ICUL was 13 sen. Previously one needs to surrender one ICUL plus 13 sen cash to exchange for one ordinary share when the conversion price was 26 sen.

Now the conversion price will be reduced to 20 sen but the issued price of ICUL remains at 13 sen due to the impending rights issue of the mother share. Hence, going forward, one will have to surrender 1 ICUL (issued price @ 13 sen) plus 7 sen only to exchange for one ordinary share after the ex-date for the impending rights issue for the mother share.

Therefore, the upside will be good when the mother share starts to rally in the second half of 2017.

http://cdn1.i3investor.com/my/files/dfgs88n/2017/03/15/1485849795-1918106828.pdf

It's worthwhile to look at the existing loan stock ICUL as its conversion price will be reduced to 20 sen arising from the impending rights issue. In other words, one has to pay 7 sen only plus one ICUL to exchange for one ordinary mother share after the ex-date for the rights issue. This may be a good opportunity to ride on the next rally of this counter.

Moreover, there is growing optimism that the property sector index is likely to outperform the KLSE Composite Index in the next 12 months among the analysts as per the latest The Edge Magazine.

http://klse.i3investor.com/files/my/blog/img/bl3281_surprise_1.jpg
http://klse.i3investor.com/servlets/ptres/39718.jsp

http://m.themalaymailonline.com/money/article/malaysian-small-caps-getting-too-hot-to-handle-for-top-manager

http://www.thestar.com.my/business/business-news/2017/03/14/cyclical-sectors-to-outperform-market/

It's matter of time. This counter will fly when the sentiments improve for property sector.

https://m.youtube.com/results?q=jack%20ma%20poor%20people%20fail%20because&sm=1

If Malton can have climbed so much over the last two months, so can GOB !

https://drive.google.com/file/d/0ByHNLb_6lYSSQ3VhbWFMNnUxbEE/view

http://klse.i3investor.com/servlets/stk/chart/5038.jsp

Give it some time say 1 to 2 months, 1.90 is on the way...to teach a FI and research house a lesson....

if Malton can have climbed so much over the last two months, so can GOB !

https://drive.google.com/file/d/0ByHNLb_6lYSSQ3VhbWFMNnUxbEE/view

http://www.theedgemarkets.com/my/article/land-general-declares-two-sen-special-dividend

Cash in hand RM 471 mil but market capitalization is only RM 359 mil @ 32 sen per share.

http://www.theedgemarkets.com/my/article/another-rpt-lg-it-good-deal

EPS = 31 sen.

At the current share price, KSL is trading at 0.54 times its book value.

http://klse.i3investor.com/blogs/the_edge_stock_with_momentum/117492.jsp