Hope you guys can earn a lot. I'm kiasi person, so I apply fast buy fast sell strategy.

Sold at RM3.60. Earn RM0.40, thank you.

Revised target price from Maybank, Public & HL are RM4.40, RM4.00 & RM4.04 respectively.

Buy a portion at RM3.20.

Again, i3 writers like to draw upwards arrow, self-deception.

Market sentiment very bad, experienced investors only buy cash rich plus high dividend stocks.

Nevermind. Now I 100% in cash, with 60% return YTD. I'm eyeing on few very good dividend stocks & prepare to buy slowly now.

Wait for RM0.005 dividend? Does it worth?

Posted by pakabu > Oct 24, 2018 10:14 AM | Report Abuse

Waiting for dividen day...hu..hu..
Ex-Date = 18 Oct 2018
Entitlement Date = 22 Oct 2018
Payment Date = 15 Nov 2018

At current price of RM0.400, no one is winner.

Two big issues for Layhong Bhd.

(a) Director selling warrants continuously.
(b) Bad balance sheet.

Mother shares more attractive compared to warrants. Anyway, I stay aside.

I wonder why every writer like to draw upwards arrow, self-deception and trap others are more possible.

The wolves are coming this time, not kidding. But too late for those who still on board.

Intrinsic value for Layhong-wa is RM0.05 currently.

Director selling continuously, but small investors expect the share price will move up. NOT acceptable and reasonable.

Same case with Perisai.

Gamuda-We will become zero soon.

RM1.50 is NOT a dream.

100% in cash now. Too many times wolves r coming. High chance that this time is real.

Every oil and gas counters up, but not for this counter. Name BIG but share price drops.

Debt & borrowings as high as RM205.8 mil, with merely RM7.8 mil cash in hand. Hard to perform, maybe will launch rights issue.

Annual general meeting on this friday. We'll know the answer very soon.

This is a very good news. Maybe YAP sold to NH Foods Ltd. OR another potential business partner.

I think the situation is clear now.

YAP bought warrants at RM0.500, then sold at RM0.200 to specific person or group. You may ask why the specific person or group doesn't want buy the warrants in the open market.

This is very simple to answer —— they can't get offer price so they can enter low.

I'm willing to buy at RM0.200, but I can't get even a single warrant. Because this is dealing outside closed period.

Then to who the director dump the warrants to. You know I know.

This is dealing outside closed period. So I guess the director sold the warrants to his Japenese partner, NH Foods Ltd, not to us.

Win-win situation between Lay Hong Berhad & NH Foods Ltd.

I guess this warrants will drop until below RM0.100 soon.

Short term target = 0.80 is achievable, next catalyst no need to wait until announcement of next quarterly result, but AGM on this friday, just stay tune.

For more info, you guys can read the articles written by Chicken King.

For the warrants, the highest at RM0.81 and the lowest at RM0.235 within one year time, now at RM0.28.

If you think financial year 2019 would be better than 2018, then you should buy & keep, at least 3-6 months, to earn more than 100% return with the warrants.

Now I can see next quarterly result should be very good, at least can back to normal, with the reason:

a) Cheap corn & soybean prices, which are raw materials for chicken feed.
b) High selling prices of eggs and broilers.

And the new contribution of additional 400 tonnes liquid eggs & 2000 tonnes frozen foods will make 3rd quarter result looks better than previous, starting from October 2018 this year, hopefully.

Cheap raw materials (corn & soybean meal) but good selling price (Gred A/RM0.38/ex-farm price). You should get something here.

Now the price of corn has dropped 10%-15% while soybean meal has dropped 30% from its peak. So next quarterly should be good or so-so. You guess it by yourself.

UOB's report had mentioned that for every 1% rise in feed costs could reduce earnings by 4-5%. So we can see that the latest quarterly result had dropped significantly.

I copy this from Chicken King's article.
https://klse.i3investor.com/files/my/blog/img/bl4792_11.png

The prices of corn, soybean & soybean meal. Raw materials for poultry feed. Soybean & soybean meal are trading at yearly low.

Corn futures price (Jan18 to Sept18)
https://klse.i3investor.com/files/my/blog/img/bl3557_corn.png

Soybean futures price (Jan18 to Sept18)
https://klse.i3investor.com/files/my/blog/img/bl3557_soybean.png

Soybean meal futures price (Jan18 to Sept18)
https://klse.i3investor.com/files/my/blog/img/bl3557_soybeanmeal.png

For previous quarter, gred A's eggs were ranged from RM0.26 to RM0.33. (Ex-farm price/sen)
http://www.dvs.gov.my/index.php/pages/view/1825

Now it has ranged from RM0.31 to RM0.39. In selangor state, gred A's eggs are selling at RM0.37 currently.
https://sdvi2.fama.gov.my/price/direct/price/daily_commodityRptPrev.asp?Pricing=A&LevelCd=04&PricingDt=2018/9/20&PricingDtAft=2018/9/22

And the poultry feed raw materials which primarily made up of corn and soybean meal, both of them are at yearly low now.
https://www.cnbc.com/agriculture/

Price target RM15 & RM30 for five & ten years respectively, not counted dividend yet. With the far-sighted & open-minded CEO, anyhing could happen.

Ya, VenFx. But this is rough calculation only. Majority people buying stocks r based on how good the latest quarterly result is.

So we can buy cheap while the share price still at the lower position. All we need to do is waiting with patience. One month or three months, no one knows.

15% or RM0.05 per egg looks small. But Layhong has production capacity of 300,0000 eggs daily.

Catalyst for second quarterly result: Egg prices had gained 15% compared to previous quarter.

And catalyst for third quarterly result: Revenue from extra liquid egg & processing food segment start flowing in.

林炳仁开明透明化领导．森德放眼10年百亿营收
https://klse.i3investor.com/files/my/blog/img/bl3557_20180910_001.jpg
https://klse.i3investor.com/files/my/blog/img/bl3557_20180910_002.jpg
https://klse.i3investor.com/files/my/blog/img/bl3557_20180910_003.jpg

I heard someone said before that people buying shares r on the basis of how good the latest quarterly result is. I think that's true, just hold if u think next quarter should be better than previous.

Looks like moneySIFU also the fan of OASIS, me too. Salute to you, moneySIFU.

The author will attend to the annual general meeting of Lay Hong Berhad. He may sharing to us, just stay tuned for more info.
http://windscopo.blogspot.com/2018/09/2-9-2018-224.html

Many investors still not convinced of the negative goodwill. They must prove the profit is real & not artificial in next quarterly result.

For that warrants issue, no need hurry. Mother share price must be stabilized before both of mother share & warrants can go further.

If you review the historical share prices of mother share & warrants, you will notice that when mother share trading at RM0.70, warrants r around RM0.30. So I think the share price of warrants currently quite reasonable.

Malayan Flour Mills Bhd proposes rights issue due to expansion for its poultry business too, but they raise fund before they build more processing plants.

Now the new plants in Pulau Indah & Pasir Gudang for Layhong almost done. That's make sense to say that they won't raise fund via rights issue.

The best article series of the year, real sifu.

Anyway, if no wrong, Lay Hong never raise fund via rights issue.

We all are panic to see Sapura Energy plunged recently due to rights issue. Its rights issue not 1:4 or 1:5 but as high as 5:3, so nobody wants to subscribe.