come on...the whole market is dropping like bird shit....Symlife sudah consider ok. GOB straight away drop 6 cents - hence, Symlife consider ok liaw...

really missing Icon8888 at this moment...

this counter really test your patience

sorry - newbie here...what does that supposed to mean?
http://www.klse.my/stock/insider/substantialShareholder/all/1147.jsp
that substantial shareholders are buying additional shares?

@ JN88, there will definitely be a knee jerk reaction towards any new measures bound to be introduced in the upcoming budget to cool down the property market. However, as long as Symlife's management is rational and build affordable housing (within the RM500K range), then there will always be demand. Young working professionals like myself are in desperate need of an affordable rooftop over my head.

Just my 2 cents and i maybe wrong. Just to share.
At this entry price of RM1.06, you are getting a great bargin.
Simply put;
(1): candid reporting; the annual chairman's statement gives a strong feeling management is honest about their own shortcomings.
(2): potential share buybacks and redistribution as treasury shares.
(3): net assets of RM2.00 -> this is already buying at 50% discount to net assets,
(4): low P/E ratio of 6x; if you take into consideration this upcoming quarter's results, P/E is likely to drop even further,
(5): undervalued landbank; very important because this makes the whole investment defensive in nature.
(6): management capability in reducing debt and monetizing its landbanks; we all know how capable is Datuk Azman Yahya.

in short; just skimming on the surface - you have the best of both worlds; BenGraham's margin of safety + Philip Fisher's definition of a quality company.

any reasons why your friend's dad is asking all his relatives to buy?

@ LYH78, i think the right term is "NA: Net Assets" and not NTA: Net Tangible Assets.

thinking of selling my GOB to buy at current price....any GOBians can advice?

rather than being concerned with the day to day fluctuation of the stock price, we should be more concerned about Langat 2 project and its impact on the Sungai Long land.

RM1.07 seems to be the new low....hardly goes below that ....

@linuss: good job. This is a bargain price. To qoute: "Value is what you get, price is what you paid".

actually, at this price of RM1.07, Symlife is priced comparable to GOB. Of course, this is a bargain price to purchase Symlife if you compare Symlife land bank versus GOB. But then, who would expect SymLife can experience an oversold position? My average cost for SymLife is RM1.16.

My advice is to continue holding on to Symlife. I am not selling a single share.

really dropping like bird shit....!!!!

yahhh...i am tempted to load up extra...but my capital is exhausted....need to subscribe to GOB rights issue as well.

help...it is dropping like bird shit....!!!

read in The Star newspaper that foreign funds are expected to pull out.... ,maybe another round of QE liaw.

what is wrong with GOB ? NO action this morning?

need the sharks come to eat SymLife

no - just want to know how much is the TP price based on balance sheet perspective.

I know you can request a valuer's report when obtaining a mortgage loan.

@ james70/ Azlan88,
Just asking, how much will it cost to request a valuer's report on SymLife's land? Just want to know the current market value and how much of unrealised revaluation gains that we are sitting on a per share basis.

dunno when this stock can rebound back to RM1.16... incurring losses for now...

JN88, what you say is quite right.

but no need to pancut so early

can you believe it? dividend ex-date tomorrow and price is still dropping..

come on....i also want cepat kaya...but what to do arrr?? have to wait lorrr...but then, one thing for sure...you cannot lose money buying at current price...the question now is how much you want to earn only....

Hi Icon8888/ James70,
just asking, i thought the prospectus is saying the rights issue will be implemented by the end of Nov'14. Do you guys foresee the rights issue will be implemented earlier than that?

RM1.07 to RM1.10 will be the new support

@ alexyap; i agree with you - this stock can really get on your nerve.

this counter provides an opportunity to buy low and sell high for a few rounds before the rights issue.

EcoWorld presence at Batu Kawan will have a spill over effect to GOB.

GOB may rise today in tandem of the release of the following news:

ECOWorld purchase 190 ha in Batu Kawan.

http://www.thestar.com.my/Business/Business-News/2014/09/15/Huge-land-deal-done/

and not to mention, at its current closing price of RM1.20, the P/E after factoring in Q2 result will still be below 7.0

With low P/E + all the undervalued assets + RM2.00 net asset per share (pre-valuation of the above assets) + dividends (+ free warrants) + strong management team + potential share buyback = what is there NOT to like about this counter?

well, hopefully the Sungai Long land stays at 400++ acres.

One thing that i like about SymLife is that the company is able to withstand a recession, if there is one ~ as compared to its peers. It has undervalued assets, a strong management team headed by Tan Sri and strong free cash flows. In addition, this company really rewards its shareholders via dividends, warrants and treasury shares. i mean, this company really ticks all the boxes as a favourite long term investment. Let us hope that the state does not screw up Sungai Long.

Anyway, cannot wait for 2nd Quarter result.

sudah lembik...

To me, nothing beats a developer who has large tracts of undervalued land, unlocked its value and sell at market price. This is the place whereby fat margin can be made with LOWER risk as compared to developers who buy land at market price and try to add value and subsequently sell at higher prices. Both can still be profitable but the former is doing it with LOWER risk as compared to the LATTER.

@ nightkid123,

Hopefully, SymLife can retain at least 350 acres of the Sungai Long land. The reason why i like SymLife (and the same reason goes for GOB) is the under valued Sungai Long land which, as at it currently stands at 400+ acres, can be monetised to build a RM8.0B township. This will generate a high margin and keep the group busy for at least a few years whilst rolling in monies to fund the group's current and future projects. I mean the Sungai Long land will be the group's anchor investment whilst the group is still actively pursuing other miscellaneous projects as well.

Now, the proposed land acquisition by the Selangor state government may change this fact (and may also influence investor's decision whether to hold on to this share for the long term).

anyway, we have to wait until the end of the year to know for sure what is the size of the land acquisition by the Selangor state government. BUt then, i have every faith that the management team will keep a very close eye on their crown jewel - Sg. Long Land.

For now, everything remains a speculation but the 4 cents dividend is real...hahaha....let us enjoy the dividend first. Hopefully, the share price will not drop significantly after dividend ex-date.

200 acres for the Langat 2 project? That is really big for a water treatment plant lar....

just curious...what is the size of the Sungai Long land that the Selangor state government is looking to acquire? hopefully, the state government will pay market rate and not resort to land grab.

Apart from this, Sungai Long land will be the backbone/ core project for this company and will keep the monies rolling in for a few good years. It is encouraging to see that the company is not overly reliant on Sungai Long and has many other projects in the pipeline for the time being.

overall, the whole market is quite bad....

just asking, do you guys still think i should bid for RM1.17?

sigh - should have loaded extra yesterday when it was sitting at RM1.16......

despite the weak market sentiment, the volume is still relatively strong

if that is the case, better buy one day after ex-date.

i think everyone is waiting for the asset injection and private placement scheduled at the end of this year. They wanna see some initiative first, then will jump onto the bandwagon.

thanks for the infor. I am planning to acquire more of SymLife. When do you think is the best time to move in? Now, or waiting after ex-date (23/09)? But the price now at RM1.16 seems to be quite attractive.

i think comes the ex-date, the price will go up even more. The article by The Edge features a very good write up about GOB and how the proceeds from the rights issue will be utilised. initially, i am abit pessimistic about the PNT acquisition - but reading from the article , it seems to fit into management's objective of diversifying their income by 2017.

newbie here...just to confirm - ex-date means the date whereby those who hold the shares by that date will receive the dividend. And is they sell after the ex-date, they stand to receive the dividend. Is it correct?

after dividend ex-date, this stock may drop somemore....