wolf, ta(4898) is still good to enter

horriefic, just hold sona for 2-3 mths to see fireworks, my profit of 20% to 200% is due to patience, will add more sona at 48 n below but very unlikely to reach that level, the market is flush with liquidity, reach or no reach won't overshadow any counters

Thanks duit n chrissy, good morning everyone, more purple notes today yeah

Danke, out 1 billion shares , 980m shares allocated to giant big fund blah blah, same story, only 20 m shares or 2% offer to the public, cud try yr luck! the share price of reach will definitely rock coz these big funds can't sell their shares til 6 mths later

hush_puppies gor, pjdwc, can sell half 1.05-1.08 to lock in profit, feel better mah, the rest let the price run to 1.20

l&g still very hot wor, wait for 73-75 loh

6 yr warrant few percent premium???, mkt really gila one

premium increase to 8 sen, by end of the week, hopefully 15 sen

nch, sikit sikit only loh, i cleaner only mah

sandho9, not lucky, just take advantage of soochai market mah, have to do fa homework one loh on every counter i buy

i think i take 1 yr unpaid leave as speedmart cleaner

dino, i lost count on the mkt value of my shares especially pjd-wc kikikiki, don't wanna count, pening liau but if compare to tj or jjtrader, mine looks like peanut

very simple, just pay RM130 to convert 1,000 loan stock to 1,000 mother share

bot osk 1.39 now 2.16 also boleh tahan la, bot salcon 69.5/71(- 3 sen div), now 0.895 ok also loh, bot mahsing 2.05 now 2.39 untung sikit sikit lah

amprop 1.24, bimb-wa 0.63, pjd-wc 0.955, l&g 0.675, truck load of purple notes liau

kikikikiki

yup, even u buy now at 0.49 (+0.13) vs mother share price, sudah untung kaw kaw mah but only downside 8 working days to convert

ryan, choose 2 la (option (a) to convert is gila decision, say u buy 0.42X2 =0.84 vs mother share 0.65, u'll lose out substantially, that's why option (b), the company wanna grab yr 0.13 n give u 2 sen div, net 0.11 sen cash to l&g

dividend ex-date to be announce in sept, l&g boss already said mah, he expect most loan stocks to be converted

ryan, conversion form

http://www.land-general.com/pdf/Notice_of_Conversion_from_ICULS_to_New_Shares_.pdf

ryan, 0.48+0.13 vs mother 0.65, DISCOUNT 5 SEN OR 8.19%

premium start to catch up but still only 8 sen premium, normally 20 sen, haiz

can't convert online, must fill up the form, page 3, (A) debit yr loan stock, (B) credit mother shares

guys, choose option (b), pay 0.13 per share, submit bank draft by hand payable to Land & General Berhad to symphony pju

http://www.land-general.com/pdf/Notice_of_Conversion_from_ICULS_to_New_Shares_.pdf

after conversion, they get yr 13 sen cash, pay out 2 sen dividend, net gain to them 11 sen hard cash

connie, someone is me rite? png purple notes galore kikikiki

the company wanna force all la holders to convert loh

nch, close 1 eye, sapu at 48, discount 5.5 sen but buta untung loh, but gotta wait 8 working days after submit bank draft

go haywire liau kikikiki

l&g 65 new 52 wk high liau kikikiki

woahhhhhhhhhh new 52 week high liau huuuuuuuuuuuaaaaaaaaaatttttttttt aaaaarrrrrrr 0.65

huaaaaaaaaaaaaattttttttt aaaaaaaaaaarrrrrr bimb-wa 62.5 liau kikiki

break 64 baru uptrend wor

difference of 15 sen btw mother n son, TIME TO CONVERT

luckily convert to mother share kikikiki 0.405+0.13 untung 6 sen liau kikiki on top of 2 sen div

connie, when u come home, seph privately tutor u on 'fa' kikikiki

asakura, tired liau to explain, go study fa class kikiki

huaaaatttttt aaaaaaaaaaarrrrrrr l&g n la

yummy yummy 45.5

need to adjust par value to 1.00 to compare with nav

phui yo 0.60 again kikikiki

bimb-wa heating up again to 0.615 kikikiki

asakura,

at par value 0.30, share price = 0.215

at par value 1.00, share price = 0.215 X3.33

no doubt there will be a one off gain of 9.9m in aug result

For illustrative purposes only, based on the latest available audited financial statements of the ASP, HVLP and LDM as at 31 December 2013, and assuming that the Proposed Disposal had been completed as at that date, the Proposed Disposal will result in an estimated net gain on disposal of approximately RM9.9 million

sayonara guys, c u after 2.30

asb cash 76.9m borrowings 74.4m, not so undervalue
par value 30 sen, meaning share price = 21.5 sen X 3.33= 71.66 sen

most property counters trading below book value coz it take few hundred million to develop the land and unlock the value

after completion of china deal, nta shd increase by 10% , due to high cash of 57 sen per share, not appropriate to look at nta

CIMB rpt valuation
In our view, the RNAV valuation method is the best way to reflect Salcon's asset
base apart from the recovery in net profit for the construction segment. Key
components of our RNAV would be 1) the estimated FY15 construction net
profit of RM21m (mainly from the Langat 2 WTP, new sewerage plant jobs)
pegged to a 15.9x target P/E, in line with our construction coverage, 2) the
estimated DCF value of 50%-owned VBT, based on RM10m-15m net profit p.a.
for up to 15 years at 8% WACC, 3) BV of the remaining water concessions in
Vietnam, 4) the 12.5-acre land bank for Eco Mid Town at RM300 psf, and 5)
the 0.9-acre Selayang land at RM250 psf. After accounting for other main
balance sheet items and the impact of the dilution of the 45.5m warrants
exercised @ RM0.75, we believe its fully-diluted RNAV/share could be RM1.40.
The stock is hence trading at a steep 44% discount to RNAV.
8.2 Worth RM1.12 or 43% upside; 3-4x EV/net profit
We peg a 20% discount to our RNAV/share valuation for Salcon of RM1.40 and
arrive at an indicative value of RM1.12/share. The discount is at the lower end
of the 10-50% we apply to the construction stocks under our coverage and
lower than the 40% SOP discount we apply to Puncak Niaga. In spite of its
relatively small market cap, we believe Salcon deserves to be valued at a
narrower RNAV discount as the enlarged estimated net cash of over RM400m
makes up 76% of its market cap (NCPS: 57 sen). Using the EV/net profit
method and an estimated RM33m-38m net profit for FY15-16, Salcon is cheap,
trading at an attractive EV/net profit multiple of 3-4x.
8.3 Still offers value
The share price has risen 17% YTD, largely due to the positives from the China
asset divestment, expectations on securing the Langat 2 WTP (which is the
largest in Southeast Asia) and the bottoming out of operating losses. We believe
the share price has yet to factor in the positives from the potentially strong
recurring income of the 50%-owned VBT and the likelihood of winning other
contracts beyond Langat 2 WTP phase 1, new M&A possibilities including new
land banks and the earnings turnaround in FY14. Potential rerating catalysts
include 1) Rapid raw water supply - 260 MLD - worth RM170m, 2) Rapid WTP
package 16B - 250 MLD - worth RM240m, and 3) the Langat STP worth
RM200m.

asakura, exactly, must be liquid cash or land, very difficult to value plant & equipment due to depreciation and cannot easily sell the p&e

the concerns are high borrwings, low margin, all stated in the above article, read carefully loh

asakura, ex-cash means salcon current share price less cash per share, 90-57= 23

ya lor share price must always catch up or near nta mah

dino, take kcchongnz class loh

asakura, kialim have negative cash balance, low quality asset like property,plant & equipment, receivables, borrowings 20m

1.8 sen eps per qtr, annualised 7.2 sen, pe 8.5X still ok, i won't bet loh, maybe u wanna enter based on ta

for yfg i won't buy, if wanna follow this experienced fa guy also can loh
http://klse.i3investor.com/blogs/kianweiaritcles/54030.jsp

asakura, from cimb rpt, cash of 57 sen per share after completion of china deal, so the mkt only value salcon biz at 22.5sen ex-cash, damn ridiculous loh

Despite its relatively small market cap,we believe Salcon deserves to be
valued at a narrower 20% RNAV discount vs. its peers as its enlarged
estimated net cash of over RM400m makes up 76% of its market cap
(NCPS: 57 sen)

asakura, connie not only good at ta but many As in multiple areas of expertise

always top up 3-4 sen difference from yr earlier purchase price