spider68L&G NTA per share would significantly be higher than RM0.37, if L&G management were to carry out a revaluation exercise on L&G land banks. In L&G last AGM it seems that the management have quoted an excuse that it would be costly to conduct revaluation exercises on L&G land banks. I wonder what is their actual motive for not carrying out revaluation exercise on L&G land banks? Perhaps some people intends to suppress L&G share price this way.
Based on the information on the 30 largest shareholders contained in L&G 2020 AR, it would appear that there is no majority shareholder owning more than 50% of L&G shares. As such, is there any possibility of a hostile takeover of L&G to be carried out by another company in the near future?
19/07/2021 11:51 AM
NoniThe % been around the same all these while. I don't think there will be any possibility of hostile, too much work and will push it up too expensive to do so. Major shareholders, no reason to take all up as well. Just keep it there will do.
GtradeIrresponsible developer,irresponsible L&G management. Those whoput money in L&G will get same treatment.How can disappear in crisis ike this. May be the CEO and Managers all killed by covid-19 already
09/08/2021 4:28 PM
GtradeAnother ambulancde come to Parc Regency today.On the 7th one ambulance came..Management office all run away.Residents of L&G condo living in fear
09/08/2021 4:29 PM
zahyus1The Board of Directors (“Board”) of L&G wishes to announce that L&G intends to seek the approval of its shareholders on the Proposed Share Buy-Back - Renewal of Authority at the forthcoming 58th Annual General Meeting of the Company to be convened.
15/08/2021 11:19 AM
QiuSou AkinoShare Buy Back and 0.5 cent dividend too.
18/08/2021 8:01 PM
QiuSou AkinoAnnouncement to day:- RM0.005 cent dividend Ext day : 4-10-21.
dompeileeBought L&G @ 12c over the last 2 wks. Recommended 2 premium clients a fortnight ago.
03/09/2021 3:16 PM
tanhy123Anyone attending coming AGM on Wed? I am going to ask them about the progress of Sri Damansara Club redevelopment.
12/09/2021 10:42 AM
jack2who knows what is the value of sri damansar land persf? total 57 acres
14/09/2021 4:47 PM
BigZakardrop back to 11cents then buy...............
15/09/2021 9:09 AM
tanhy123The marker value for the plot of land at Sri Damansara Club redevelopment is 175 mil
15/09/2021 11:57 AM
jack2book nta is 37 cts, actual market value nta is around 70 to 80 cts
15/09/2021 1:21 PM
jack2there are 2 plots of lands at sri damansara total 57 acres, the value is RM120 per sf, total value at 300M close to L&G market cap now, not counting many other lands and businesses in the group. the share price is grossly under value
tanhy123 The marker value for the plot of land at Sri Damansara Club redevelopment is 175 mil 15/09/2021 11:57 AM
15/09/2021 3:28 PM
didi7349No point to put this kind of valuation....If u look back at its stock price,highest for past 10 yrs is around 50 cents.....Never closed to 80 cents
15/09/2021 9:33 PM
tanhy123Most of the property companies have a lot of discounts for stock price vs assets, but it did not mean much provided that company able to sell the asses. The only way to monetize the assets are to sell them or work with different operators.
15/09/2021 9:40 PM
jack2buy & keep for the next goring up cycle. at current price, cant go wrong
16/09/2021 9:18 AM
tanhy123The catalyst of L&G is the service apartment project at Sri Damansara near MRT2 with super low land cost. It is planned for launching in Q3 2021, but delayed to Q2 2022 due to COVID-19. Good news is that management informed in AGM that the tower stations at the site have been moved further away from the development site.
Residents think it's just a decoration and it's not a big deal. But the manager NOT allowed the residents/volunteers of the welfare group to do decoration‼ ️
Residents & Welfare Group are more aware of the epidemic situation, so they did not plan to hold activities. Instead, they changed to online communication and appointed one or two volunteer representatives to be responsible for just decorations the outdoor parks or gate entrance. and nothing more.
Let everyone feel a trace of breath and the emotional connection of the residents' spirit, so as to continue this iconic traditional culture of Parc. But it was ordered by the manager: residents/welfare groups are NOT allowed to decorating!
It is understood that the residents applied to JMB & management earlier, but they did not receive a response for a long time! After further request, at the last moment, manager was ordered not to arrange it! The manager said that he doesn't hoo haa here and there... ...He not allow the welfare group to do decoration!
The resident once again request the manager, hoping that he could inquire about the JMB application, but the manager said this kind of request was a waste of his time! He will not pass the request to JMB, and warn the members of the welfare group, do not violate the SOP!
Residents confused, is that even the decoration will violate the SOP? ! Whose SOP? ! What is the truth! ! ! Has the traditional culture of the community's decorations also been suppressed?
GtradeL&G, your management of condo is horrible. Covid19 santizing done by initiative of resident, with their own money. Water tank at condo roof leaking, pouring water like rain, you no repair for months. Now residents want to hang MoonCake festival lantern, also you stop them. Nobody will buy thus kind of developer house anymore
22/09/2021 10:52 AM
kasinathanThe earning for the next several years is expected to double with the new projects launched in the market. Coupled with the earning recovery in the education sector, I expect the dividend to be 1.5 cents for the next fiscal year.
Hence, the dividend yield will be more than 10% at current price ranges. The real NTA should be around 75 cents based on the current market price.
I wouldn't be surprised if the controlling shareholder Mayland would be taken private and offering at least 40 cents ......
23/09/2021 11:21 AM
jack2from the money flow chart shown accumulation by investors. smart investors just position themselves early before profit surges in next 1 to 2 years
