Thanks Jung. Looks like they are the largest bond holder at 46%

Market should b better today

http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=366111:us-stocks-rally-after-strong-housing-report&Itemid=3#axzz3EHbkcfli

We have heard of the term MGO base on 33% but L&G a must know GO can be triggered without being mandatory

MGO will be triggered at 33% or if they are taken to task because 32.7 and 33% is really no difference if proven they are concerted or the least monopoly in their decision making voice. All that is needed is for someone to raise the alarm with prove to SC or take a legal. They cannot abuse the technicality of the <33%

Let's hope the price stablise

Buy rate 96 % now

8.25 only good for next quarter calculation as explained earlier

PE at 6.19

There is no reason for now to provoke a MGO however it looks like they want more control to ensure their plan can move smoothly.

We have to guess their intention. Mayland like any business entity or business person looking for profit maybe packaging L&G as a product for a sale, definitely a premium sale. When all LA converted, Mayland will hold 28.76% again provided non of the directors hold large amount of direct shares to show concerted or do a marriage deal

It's boring counter because the Managment allow their penny share to to fluctuate and depend on their financial performance to sell to public. Hope they market and make it interesting.

➡️↗️⬆️

The L&G Managment must quickly ensure the share price is stable to assure the investors prior to the bonus issue or any form of investor rewards.

The dilution or value or PE should not be calculated as of now. This is because the conversion just happened and broaden the market capital and should be view like an active loan given and time is needed for the loan to be fruitful and to bring in the investment profit at least within a 6mth to a year period

Just like recession of 2 successive quarter below GDP, the 33% is also a technical measurement. If they go 32.7% before the rest converted, assuming the balance convention is not done, L&G can be challenge because they are sole single biggest share holder. And if Andrew or any of the management or family owner sitting in board, they can be challenge as concerted party in decision making and hence concerted decision. This can trigger MGO. So not necessarily must be 33% of single party

Should read "without going private"

Btw I m not Joel in case confuse.....i m just sharing
Earlier was 415,692,000 Converted out of 598 Million
For simplified calculation we say 416Million converted + 64 Million tomorrow = 480Million of 598 Million

Of this 30.33% is owned by Mayland at mother and they should have balance of 100M -64M = 36M in LA
Tomorrow will have 1014 M + 64M = 1078M shrs in mother of possible 1196 M (598 x 2)
So left 1196 - 1078 = 118M not converted of which 36 M belongs to Mayland

Assuming Mayland covert all ie 36M + 1014M= 1050
Hence Mayland holding approx 308. + 36 = 344M against 1050M= 32.7%
Will dilute further with 82M converted to less than 30%

True however if Andrew had own direct share holding instead of indirect for Mayland, a deal can be struck easily and do low MGO offer to ensure no take up and wait for price to explode with going private.

Just a though...

Why did they announce all the plan of Aquisition of Penang, Johor and KV land followed by taking a larger stake?

Mayland now holds 30.33% and looks like they want to push as close as possible to 33% technical requirement for MGO.