Looking good. Going up on low volume.

I have a range of target prices. I think RM1.60 is about my average estimate and fair. It all depends on how the RM performs.

Dkwee, this counter pays 2 sens consistently every year. 2013 is special because Pohuat paid a extra interim dividend of 2 sen. The latest 1/4 accounts also show a provision for final dividend of 3 sens. Therefore 5 sens for 2013. Please see the "Disclosure" tab above for information.
I think odds are good we could see a further surge tomorrow.

LPT is not a director but a shrewd investor.

Lim Pei Tiam is still buying.

Currency: Malaysian Ringgit (MYR)
Type of transaction Date of change
No of securities

Price Transacted (RM)
Acquired 02/01/2014
240,000

Circumstances by reason of which change has occurred Purchase in the open market
Nature of interest Direct interest
Direct (units) 11,138,000
Direct (%) 10.44
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 11,138,000
Date of notice 08/01/2014

I concur.

Logic?

RM1.00 seems to be the support. If so losses is limited. Today despite poor market, there is little selling. It would seem to me that most sellers have sold. I am trying to acquire some more.

psd57. I am confused by your last statement about "gains on disposal of ppe and a subsidiary". I do not understand what you meant by "ppe".

The mid term prospects look good. I have not sold any that I have.

I do not know what the coming results will be. I do not work for Pohuat. I suspect it could be better than 7 sens but then again the company may have to provide for bonuses etc. it is after all the last quarter. Your words of caution are wise for those who entered lately. I merely want to point out that this may not be the end of the road for Pohuat. Lets wait and see how the results go.

The again I do not discount the possibility of a sell down once the results are out. I am keeping check any buying till I see what happens with the results and the market reaction after that.

My own numbers are higher as I am ignoring the once off provision for bad debt for the last quarter. I am also optimistic that the RM will devalue. A 10% devaluation in the RM could translate to a 50% increase in Pohuat's margin. Once again my own 2 sens.

I am familiar with candlesticks and they do point to a top but I do not see distribution yet. I think if Pohuat could sustain price tomorrow 30/12/2013 we could all be pleasantly surprised when results do come out.

Noted that Mr. Lim Pei Tiam, a substantial shareholder is still acquiring Pohuat shares. The disclosure dated 27th December states that he bought a further 90,000 shares. The quantity is not substantial but he now owns > 10% of the issued shares. A important point to take away here is that he is still buying and not selling. LPT is a ex bank manager now turn investor. I do not think he would continue buying unless he thinks Pohuat has a future. Just my 2 sens worth.

No results today. It should come out early next week maybe Monday or Tuesday evening. Till then.....

The coming result could be a good one. Pohuat recently paid a special dividend of 2 sens. This is something the company has never ever done before. Their doing it now shows the directors confidence in the company's performance. 1 thing I have learned about the market is that there are no certainties. I really cannot say that the price will rise if the result is good. I think the odds of it rising is better than it falling. To me the stock market is about balancing odds/risk with returns.

Results should come out tomorrow evening. It should be good given the fall in value of the RM and the export business nature of Pohuat.

Mr Ooi, I still do not understand how TA can come out with such a number. Pohuat has never risen to RM2.29. This is the highest it has ever being!!! Anyway I hope your prediction will come true.

How did you come out with a target price of RM2.29???

Should be able to (break RM1). Operator is systematically preparing the ground.

Awesome

OTHERS Writ and Statement of Claim
LII HEN INDUSTRIES BHD.

Type Announcement
Subject OTHERS
Description Writ and Statement of Claim

Further to our announcements of 21 August 2013 (ref. no. CC-130821-38654), 18 September 2013 (ref. no. CC-130918-59909), 25 September 2013 (ref. no. CC-130925-2A85E), 8 October 2013 (ref. no. CC-131008-62122), 22 October 2013 (ref. no.CC-131022-60266) and 29 October 2013 (ref. no. CC-131029-47377) pertaining to the Writ and Statement of Claim, we wish to inform that the Muar High Court Summons No. 22NCVC-63-07/2013 came out for Case Management on 13 December 2013 and the outcome are as follows:

(i) The Hearing date of Notice of Application to strike out the Plaintiff's Writ and Statement of Claim which is earlier fixed on 16 December 2013 is now postponed to 6 January 2014 on the Plaintiff's solicitors application as he claims that he will be involved in the MCA elections and 16 December 2013 happens to be the nomination day;

(ii) At the same time, the Court noted that the Plaintiff has failed to comply with the Court's directions given on 25 September 2013. Up to 13 December 2013, the Plaintiff has failed to file :

(a) The bundle of pleadings,
(b) The agreed bundle of documents,
(c) The list of witnesses,
(d) The agreed facts,
(e) The issues to be tried
(f ) The witness statement

In view of the Plaintiff's non compliance, the trial which is fixed on 18, 19 and 20 December 2013 has been vacated and adjourned to 20, 21 and 22 of April 2014.

(iii) The next case management is fixed on 17 February 2014. The Court stressed that if there is non compliance, then the matter will be struck off.



Announcement Info
Company Name LII HEN INDUSTRIES BHD.
Stock Name LIIHEN
Date Announced 13 Dec 2013
Category General Announcement
Reference No CC-131213-57457

I think that is possible but be aware of the ex-dividend date on the 11th.

The 1 lot at buyers price phenomena continues.

Every morning, without fail, someone will sell 1 lot at the buyers price. The same person (probably) will do the same thing again and again thus setting the tone throughout the day. This is like shooting yourself in the foot. Its bad business and does not help anyone. Why do it?

I think it will be OK. The initial shock is over and sellers are exhausted.The timing is also pretty bad as today's market is not rosy. I look forward to some form of recovery in the days to come.

Just saw the 3rd quarter. Its not too bad. I am actually quite happy with it. It is much better than than the disastrous 2nd quarter (8.71 sens EPS vs 4.33 sens EPS). Granted it is not as good as the regular 10 sens but it is acceptable. The dividend is 3 sens. I realised that there are people unhappy with certain Liihen directors but how many companies can you find in the KLSE that actually pays dividends 4 times a year?

Liihen deserves to be "up there"; So it is no surprise to me. Its only a question of when.

Commercial Banks are not invincible. If you ever own trust funds you will appreciate that statement. Anyway I am a patient fellow.

Lets hope it does that. I am curious as to why there was no support from 1.43 to 1.48. It seems as though the stock was trading on air. I am not overly worried though. I am confident of the business. I have being a investor for a while now and have seen this one plunge all the way down and bought even more a month back. It may not recover that quickly as you may wish but then again who knows. Its the stock market. Anything can happen.

I am in agreement with sense maker. This is a well run company with superb financials and track record. I would view this as an opportunity and have being accumulating this stock. Liihen will shine in the mid term.

What... very un-Pohuat but I am not complaining.

Yes they should. They should not allow someone to buy in so cheaply at 1/2 NTA. This is a quality company with a good track record.

Anyone know of any rumor why the volume and price spiked up today?

I think the prospect is excellent but must be patient. The price is low now due to the poor quarterly result released on 28/6/2013. I am not perturbed by this as Pohuat nearly always have a bad 2nd quarter due to CNY, Raya etc. Check out past years 2nd quarter and you will see that I am right. I am awaiting the next quarter's result (31/7/2013) at end September. I think the impact of the depreciating RM will only be seen in the 4th quarter's result due end of the year. This one should be spectacular. I do not think investors like Lim Pei Tiam would make a mistake in buying into a dud. Similarly I do not believe the Dutch company would make such a mistake. My own TP is just a modest 84 sens.

Reads like a Chinese TV serial show.

Something is very wrong here and its not the Company.

I fully agree. We have here a company that pays dividends dutifully to its shareholders 4 times a year. The directors have done well and has increased the EPS by leaps and bounds. To fault and bring down this company over a small technicality is I think frivolous. There are companies that have done much worst than Liihen. I am NOT selling my shares.

What are you saying?

First we have the Dutch investor and now a new local substantial shareholder Mr Lim Pei Tiam. Things could soon be happening for PoHuat