Revenue dropped from 46m to 18m. Another creative accounting and same method in London being used in kheesan. Stay away......

Predict hole will be event bigger when impairment loss on asset incurred....
I guess may be another 300m loss... Good luck to minority shareholders!

Base on latest qtr:
Impairment loss mostly from receivable from loss 280m.
Latest show only receivable only 6m.
What is the meaning of receivable 6m?
Means the revenue of that qtr 100m was not true where base on normal credit term 60days receivable should be around 60-70m. Do no tell me recent sales for past three month all are bad debts or all are in cash!

Again n again always so positive on London Biscuits. Anyone can tell me he is really know it's business or just guessing base on result.

Last chance to exit!! June Qtr result will be out end of August and may be a huge lose!!!! Most of the suppliers stop supplier due to no payment. Heard some suppliers only supply 10% of their usual monthly purchase wth condition receive outstanding payment from LBB. LBB turnover may drop substantially on coming Sept qtr.

Based on LBB Qtr report 31/03/2019
1) short term borrowings
Bankers' Acceptance 173m
Hire Purchase 4.2m
Revolving credits 48m
Bank Overdraft 24m
medium term loan 10m
Term loan 1.2m
Total 261m

All these short term loans mean going to due within a year. Especially Bank Acceptance 173m base on their invoices and debtors collection progress. LBB has 322m trade receivable Vs sale turnover around 400m it means LBB debtors credit term is 8 moths...I was told credit term for food company avg only 2 months.The next wave of bad debs will come if creative accounting involve in fake invoices n debtors. Most of the bankers will start pulling his trade facilities since LBB fall into PN17.

Where is Daily8?????
Any comment LBB officially fall into PN17???

Daily8. .nobody ask you to believe! If you cannot read their balance sheet. You can keep LBB forever and see how bottom it can go before PN17!!!

I trying to share and remind some investors to be careful when doing investment.

Daily8..nothing wrong to give comments on some badly run companies.

Is better to sell before too late. With qualified report from an auditor no change can turn around. It was not easy for an auditor to issue qualified report on listed company. Means the account really in a mess.... Must be many uncovered manipulation in their account! Was obvious shown in their trade debtors can be more than 280m where their turnover only 360m. Is more than 7-8 months. Loans about 350-400m. Good luck to minority shareholder....

vxpoison..... any latest information on this stock?

Kathbeen.......Can you share more information?

Investors do not keep looking at London. Management are smart keep fooling investors.

Come back to square koyak stock

Now is leading brand JACKER

Sure together with good dividend. Expect coming announcement on 21-25 this month

Heard earning is very good for coming Qtr announcement

London share price up currently bcos of another leading food company call OFI up 3 to 5.60 within 2 months. I still believe London only ride on it. Fundamental still very bad dun believe check the edge rating for London is less than 0.5.(0-3). 0 is the worst and 3 the best.

members do not listen so much to those promoting London because actual fundamental no strong. Their asset are inflated. Many investors and funds are preparing to sell when their price moving with volume. The reasons are fund already invested in London many years n being wrongly guided by London management.

if can better sell all when it still early otherwise ballon koyak will be another Silverbird and Megan. There are so many good stock paying good dividend out there...Guys try to figure out hw london can pay back all outstanding loans 250m.

good time to sell!!!!

HI calvintaneng, What u said London selling lower end products against Appollo is correct but not Oreintal Food (OFI). OFI Selling more on premium wafer cube Brand call JACKER also potato ranges of products call JACKER potato crisps in canister. If u go down to wholesale market u can find London is selling much cheaper than Apollo even export market. Amazing part is they are not selling well !!!!!!!! And REVENUE is much bigger than Apollo and Oriental. Impossible...

Whatever company control by London will facing the situation like London HIGH IN BORROWING..HIGH IN DEBTOR....HIGH IN CLOSING STOCK....Do not believe let see what going to happen in Kheesan balance sheet..London nxt step will use Kheesan to borrow more and more money to buy assets which are high in value but all rubbish. The reason why bcos London cnt borrow anymore money from bank!!!!!!

Write up just out from CIMB target price at Rm 2.63

write up on Sign will come out ths week....

Better sell now...if nt will be another Silverbird..

hey guys, London is Suck.. stay out of this stock.. owner is manipulating their acc. If dnt believe pls look at their gearing around 260m compare to Apollo and OFI are in net cash position. Means if a profitable company will able to use internal generated fund to finance their expansion.