Highlights
KLSE: LCTH (5092)       LCTH CORP BHD Main Market : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.00   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 207 Million
NOSH: 360 Million
Avg Volume (4 weeks):0
Average Price Target: 0.62
Price Target Upside/Downside: +0.62

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2018 [#1]  |  14-May-2018
Next QR | Est. Ann. Date: 30-Jun-2018  |  11-Aug-2018
T4Q P/E | EY: 21.91  |  4.56%
T4Q DY | Payout %: 1.74%  |  38.10%
T4Q NAPS | P/NAPS: 0.585  |  0.98
T4Q NP Margin | ROE: 8.27%  |  4.49%

Headlines



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Business Background

LCTH Corp Bhd through its subsidiaries is engaged in the manufacturing and sub-assembly of precision plastic parts and components, and fabrication of precision mould and dies. The company’s operations are divided into local and export market. The local market relates to sales to customers within Malaysia. The export market relates to sales to licensed manufacturing warehouse in Malaysia and overseas customers. The company’s primary geographic markets are Malaysia, Singapore, the United States and others. Malaysia contributes the vast majority of total revenue.
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  6 people like this.
 
Chan Yew Kee why the time extension by 2 weeks to finish the assessments n make a recommendation? Is there possibility of hidden assets? or something else which cannot be confirmed? Hopefully there is some hidden assets.
05/01/2018 6:27 PM
miker We refer to the announcements dated 7 December 2017, 4 January 2018 and 5 January 2018 in relation to the Proposed SCR.



In accordance with Paragraph 3.06 of the Rules on Take-Overs, Mergers and Compulsory Acquisitions 2016, the Board (save for the interested directors who are the persons acting in concert with Fu Yu Investment Pte Ltd, being Hew Lien Lee, Tam Wai, Ho Nee Kit and Ching Heng Yang (collectively, the “Interested Directors”)), had on 8 January 2018 appointed Mercury Securities Sdn Bhd as the Independent Adviser to provide comments, opinions, information and recommendations to the Board (save for the Interested Directors) and to the entitled shareholders in respect of the Proposed SCR.



This announcement is dated 8 January 2018.
10/01/2018 10:45 AM
Peter2357 Annual Report 2016...
Mr.Fong Siling(cold eye) is the no.5 largest shareholder.
10/01/2018 8:22 PM
Intelinvestor13 Barring any unforeseen circumstances and subject to LCTH obtaining the necessary approvals
and/or consents from the relevant authorities/parties as disclosed in Section 5 of this
announcement, the Proposed SCR is expected to be completed in the second quarter of 2018.
11/01/2018 9:53 AM
miker LCTH is no HOVID
12/01/2018 10:13 AM
miker PAC already on their side.
12/01/2018 10:16 AM
miker No resistance at all to SCR, else the price should hanging around 0.575...minorities are 'forced' to accept the SCR.
12/01/2018 10:23 AM
miker At 0.58, Cold eye pun rugi byk


Peter2357 Annual Report 2016...
Mr.Fong Siling(cold eye) is the no.5 largest shareholder.
12/01/2018 12:20 PM
wan7075 Cold eye manage to fail the SCR with his holding qty?
12/01/2018 6:08 PM
IANFUJI Still not moving...
23/01/2018 1:43 PM
miker Before EGM, this counter can be considered already dead lol.
23/01/2018 2:58 PM
IANFUJI Start moving and expected to move higher.
24/01/2018 3:07 PM
Anything when would be the announcement??
25/01/2018 3:04 PM
1nv3st0r No announcement?
30/01/2018 1:16 PM
miker We refer to the announcements dated 7 December 2017, 14 December 2017, 4 January 2018, 5 January 2018, 8 January 2018, 10 January 2018 and 12 January 2018 in relation to the Proposed SCR.



On behalf of the Board, RHB Investment Bank wishes to announce that the Securities Commission Malaysia had, vide its letter dated 13 February 2018, informed that they have no further comments on the circular in relation to the Proposed SCR.



This announcement is dated 13 February 2018.
14/02/2018 9:39 AM
greatest94 EGM on 8 March
15/02/2018 7:11 AM
miker Type of Meeting Extraordinary General Meeting
Indicator Notice of Meeting
Description LCTH CORPORATION BERHAD ("LCTH")
-Notice of the Extraordinary General Meeting ("EGM")

Enclosed Notice of the EGM of LCTH dated 14 February 2018 to convene the EGM on 8 March 2018.
Date of Meeting 08 Mar 2018
Time 02:00 PM
Venue Kayangan Suite, Pulai Springs Resort, 20KM Jalan Pontian Lama, 81110 Pulai, Johor, Malaysia
Date of General Meeting Record of Depositors 02 Mar 2018
15/02/2018 9:38 AM
miker How many of you will accept or reject the 0.58 cent offer?
15/02/2018 9:42 AM
miker ...
...
In arriving at our conclusion and recommendation, we have considered the fairness and
reasonableness of the Proposed SCR based on all relevant and pertinent factors as
summarised below which you should carefully consider before voting on the Special Resolution
pertaining to the Proposed SCR to be tabled at the forthcoming EGM:-

Fairness
We view the Proposed SCR as NOT FAIR in view that the SCR Cash Amount of
RM0.58 is lower than and represents a discount of 9.38% to the estimated value
per LCTH Share of RM0.64.

Reasonableness
We view the Proposed SCR as REASONABLE in view of the following:-
(i) The SCR Cash Amount is:-
(a) higher than the daily VWAPs of LCTH Shares for 99% of the Market
Days in the past 1 year before the date of the SCR Offer Letter up to the
LPD, representing a premium of 8.33% over the VWAP of LCTH Shares
for the said period of RM0.5354; and
(b) higher than the daily VWAPs of LCTH Shares for 85% of the Market
Days in the past 3 years before the date of the SCR Offer Letter up to
the LPD, representing a premium of 10.18% over the VWAP of LCTH
Shares for the said period of RM0.5264.
(ii) The SCR Cash Amount represents a premium of between 4.37% and
31.82% over the 1-year VWAP up to the last traded market price of the LCTH
Shares on the LTD;
(iii) The LCTH Shares are illiquid, with a simple average monthly trading volumeto-free
float for the past 6 months up to November 2017 (being the last full
trading month prior to the LTD) of 3.88%; and
(iv) As at the LPD, LCTH has not received any alternative offer for the LCTH
Shares or any other offer to acquire its assets and liabilities. In view that the
Non-Entitled Shareholder currently holds a controlling stake of more than
70% equity interest in LCTH, any such offer will not be successful unless with
the support of the Non-Entitled Shareholder.

Recommendation
Premised on the above, Mercury Securities is of the view that the Proposed SCR is NOT FAIR
but REASONABLE.
Accordingly, we recommend that the Entitled Shareholders VOTE IN FAVOUR of the Special
Resolution pertaining to the Proposed SCR to be tabled at the forthcoming EGM.
...
...
15/02/2018 9:50 AM
miker ...."WE RECOMMEND THAT THE ENTITLED SHAREHOLDERS VOTE IN FAVOUR OF THE SPECIAL RESOLUTION"...
15/02/2018 11:02 AM
aliyusof Mercury Securities view: 'offer not fair but reasonable'.... What sort of recommendation is this?? Actually it is not fair but to say 'reasonable' is not offend major shareholders who pay their fee. Read it as not fair and unreasonable, in reality, as i personally opine it.
22/02/2018 10:57 AM
PenguinDad Not fair becos the value is about RM0.64 but reasonable becos the average of the share price during that period is around RM0.58. However, everybody know the share price can be controlled by the sharks.
22/02/2018 2:58 PM
pangolin need at least 3 months time from now .... duit only masuk pocket
22/02/2018 6:29 PM
k3nthiew anyone attending EGM tmrw??
07/03/2018 11:04 AM
k3nthiew how? how? how? Anyone?
08/03/2018 3:43 PM
Intelinvestor13 how's the EGM going?
08/03/2018 4:40 PM
Intelinvestor13 PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF LCTH PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 (“PROPOSED SCR”)

The terms used herein shall have the same meaning as those defined in the announcement made on 10 January 2018 unless otherwise stated.

We refer to the announcements dated 7 December 2017, 14 December 2017, 4 January 2018, 5 January 2018, 8 January 2018, 10 January 2018, 12 January 2018 and 13 February 2018 and the circular to shareholders dated 14 February 2018 in relation to the Proposed SCR.

On behalf of the Board, RHB Investment Bank wishes to announce that the Entitled Shareholders of the Company have approved the Special Resolution set out in the Notice of EGM dated 14 February 2018 in respect of the Proposed SCR (“Special Resolution”), at the EGM of the Company held today, 8 March 2018.

The Special Resolution is to be approved by a majority in number of shareholders and at least 75% in value to the votes attached to disinterested shares that are cast either in person or by proxy at the EGM of LCTH, provided that the value of votes cast against the resolution for the Proposed SCR at the EGM is not more than 10% of the votes attaching to all disinterested shares of the total voting shares of LCTH.

Based on the poll results, 74.07% in number and 98.57% in value to the votes attached to disinterested shares that were cast either in person or by proxy at the EGM voted in favour of the Special Resolution. Further, 0.18% of the votes attached to all disinterested shares of the total voting shares of LCTH voted against the Special Resolution. Therefore, the Special Resolution was carried.

The application to the High Court to seek the confirmation for the reduction of share capital under Section 116 of the Act will be lodged in due course.

This announcement is dated 8 March 2018.
08/03/2018 7:14 PM
miker Accept it or not, it is 58 cents
08/03/2018 8:53 PM
wan7075 Hope the refund process can be faster
09/03/2018 4:56 PM
wan7075 Hope can get my money back quickly!
09/03/2018 10:56 PM
newbiehk2014 sold de
11/03/2018 10:02 PM
clementlee so the offer is passed ? with lcth cash in hand , it might equivalent to 30cts in share...it mean without the offer, the price only value at rm0.28 ?...cheap or not ?
13/03/2018 11:00 AM
clementlee heard got some group try to block this offer ..but is it too late liao ?
13/03/2018 11:01 AM
hoplanner Too late. HCourt cld only approve 2 mths fr now.
14/03/2018 11:06 PM
clementlee any possibility that court reject this offer ? or , if someone file objection on this ?
16/03/2018 9:53 AM
pangolin 2 more months to go ..... hope can settle it ... fast
31/03/2018 9:57 PM
Lim Tek Wai No announcement?
03/04/2018 4:04 PM
pangolin possible announce special div 5c b4 game over ??
16/04/2018 3:36 PM
pangolin NO NEWS AT ALL ???
13/05/2018 3:45 PM
PenguinDad If special div RM0.05 and cash back RM0.58 then it will be total of RM0.63.
Not bad!
15/05/2018 2:54 PM
firehawk Court order obtained yesterday.
15/05/2018 5:23 PM
pangolin penguin dad ...... sorry ... is 0.005 .... half cents ..... 5 cents is mission impossible ....
16/05/2018 10:04 PM
pangolin finally ..... 8th can get durian jatuh
18/05/2018 6:55 PM
pangolin finally .... 8th june durian jatuh
18/05/2018 7:16 PM
kanon Anyone knows any procedure need to be done by me for the repayment? thanks
18/05/2018 11:56 PM
PenguinDad pangolin, I think the management decide to keep the special div for themselves.
21/05/2018 11:48 AM
pangolin Peguindad ... u r right ! durian kampong u take ..... there take musang king ....
22/05/2018 11:15 PM
aliyusof The refund for the shares under the SCR has already been sent to my account. However, the shares are still shown in my on line CDS account as of today. Wonder why? Same thing happen to any one here?
13/06/2018 5:41 PM
Chinchan same to me @aliyusof
16/06/2018 5:58 PM
Timie same here
19/06/2018 11:57 AM


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