“Robert Waters
There is NO chance to get out of PN17. They must first implement a Regularisation Plan which involves rights isses, EGM, courts to approve, etc. And only AFTER implemented, 2 Quarter Profits. This will be YEARS! And as you see up, reports are not certified by auditors, so cannot be considered for anything.“

The only thing holding them right now is the issue highlighted in auditor report. If they manage to clear this with special audit which is expected to complete by December, nothing more stopping them from bursa to approve their regulation plan.

To exit pn17, the company doesn’t have to strictly follow the reg plan. As long as the company turn to net asset and green PNL, bursa will eventually remove them from PN17. Look at epicon, they hardly execute the reg plan but now no longer a pn17 company.

They are doing special audit which is expected to complete in December 2024. Will bursa consider the upliftment once the report is ready and all accounting compliance are meet, or bursa will wait for another round of quarterly announcement by end of February?

I wonder why they didn’t asked for extension period for submitting the annual report/audited account instead of submitting those on time with qualified opinion from the external auditor.

Sleeping counter til mid next year?

Take a look what happens to Lagenda Bhd after sprm came for their MD. They are yet to recover after months. While YTL case is still very fresh…

24th June will be their agm day.

https://www.thestar.com.my/business/business-news/2024/06/04/doh-tee-leong-buys-more-shares-in-lagenda-properties

If do some research, the mb when the land transacted now part of current administrative. And doh is a smaller ytl, they work with politician from all parties. Sure no sangkut one.

Rr88, trading platform sure love you. Contribute a lot to them today.

Not really. Trader in and out, another trader in and out. And the process continued from 9am until 5pm today.

Tomorrow could be the fighting day between short trader and the owner team. Will bursa block short selling again tomorrow?

Limit down mainly due to short selling option. The news is not new.

Lagenda limit down mainly due to short selling option available for the counter. The news on their MD is not that big or new, old story. Those playing short for the counter is the main reason. Expect price will climb back once the hype gone.

Lagenda limit down. Epicon drop more than 30% already.

.370 now. What is happening????

Price is too low, volume for public is too big. 1 bit down, enough to scare so many bilis to panic sell.

LY Hoh,

Depend on their intention. Normally those offering MGO at lower than market price, the intention is to get rejection from shareholders so they can retain the listing status. The MGO is compulsory by law, for those company taking over more than certain threshold of a listing entity. If the new owner intent to retain the listing status, they will normally offer lower than market price so the MGO will fail.

PE ratio for construction sector ranging around 12.0.

The company need 60m profit per year to stand a chance for the price to hit rm1.00 and above.

Lagenda has even more potential and proven track record than this counter.

Jack2, very low profit margin???

Sst incoming for usage above rm200 per month. Retail user will reduce the consumption.

Comparing ytl and ytl power via their revenue seems not apple to apple comparison. The profit margin is different. Safer bet would be ytl because consistent stream of income and diversification of business. But higher risk and reward is ytl power since the industry itself giving higher profit margin and drive on big potential.

Two different animals.

A lot of RPT contract. Obviously will show good profit.

What new contract with normalised margin? No one spending right now. Gov tightened up. Residential yet to show good sign to improve.

1 billion for next 3 years. Property development margin is around 15% which mean 150m profit for 3 years. 50m per annum. Shares including preferred shares is about 800m unit. Which means 6.25sen per share return. What is PE average for construction/developer company in Malaysia?

Now i worry. Should let the price go up further before making announcement.

Worry of sell on news thingy..

Difficult to break .300. Time to retreat?

The ceo during last AGM did mentioned that they expect the company value to be around 500million by mid of 2024. Sort of commitment to turn the share price around 70cent by then.

It was approved in July, iinm. Which mean the numbers represent apr-june period. 2 post regulation period are july-sep and oct-dec.

And bursa will play it safe. They probably will wait until 2023 audited account ready before making decision.

Wow ally coming back. No need to delete your comment this time?

Ally coming back.

Btw, why you need to delete all your previous comments?

Yesterday announcement on multiple proposal:

“We refer to the announcements dated 13 October 2021 and 25 October 2021 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

On behalf of the Board, AmInvestment Bank wishes to announce that Bursa Securities had, vide its letter dated 29 November 2021, approved the listing of and quotation for:-

(i) 67,000,000 new Shares to be issued pursuant to the Proposed Placement of Shares; and

(ii) 233,000,000 new Shares to be issued upon conversion of the RCPS pursuant to the Proposed Placement of RCPS.”

Bursa has approved lagenda takeover plan as announce by the company yesterday.

back to rm3 later ke?

NTL of 15cent each shares. Though they pay 10cents each, actually they are paying 25 cents for the liabilities.

So Doh family (the owner of Lagenda Properties Berhad) is the new owner of KTB? Will they do the same magic they did to Lagenda last time (previously DBE Gourney) with KTB now? Lagenda closing price yesterday was rm1.59.

still good to go. not in the coverage yet.

https://www.klsescreener.com/v2/news/view/856487

Tan chong lost their legal case against ktb on the purchase of land. Cost more from 16m now over 50m.

25sen good price to enter? Or still long way to go for the downtrend?

in free market, regulator shouldn't interrupt too much. Or else, local market lost the attractiveness. anyway, i always believe regulator and the institutional investor has good relationship between them. Ikan bilis like us wont have any protector.

After twice query by bursa, i doubt they will go for limit up anymore. But they will play the game like today, 24-29% variance.

Drop back to .290?

With bursa granted 12months PN17 exemption to those company fall under this category, they wont be pn17 in the next couple of months. Immediately after the period, possible.

There are taker/buyer for the shares disposed. And the taker doesn’t seem to be small retailer.

based on the balance sheet, there is more than 30million liabilities as at sep 2020 due to holding co. Will holding co giving another waiver next round? holding co giving waiver, while at the same time disposing their shares, signal that something is happening.

volume was hardly there on thursday. Doubt much will happen on t3 (tuesday)

they will be very happy if no one buy the shares at current price. easy to push for limit up

Tomorrow open gap? Close at day highest.

Bursa warn during close market, which is very unfair to existing shareholder since they can’t sell the shares immediately.

Bursa should not be given such power to make such statement.