http://www.bursamalaysia.com/market/listed-companies/company-pronouncements/5720653

They propose to buy more land in Tebrau.
Why do so when they can't pay any dividend, while the property market is slow?

Marketing for Dsara Seresta http://www.enanyang.my/news/20180303/damansara-seresta-br-与大自然共享空间/

Quite a good result in spite of the slow market. Looks like the sales in Johor and Klang are ok.

It is an expected result. There are only 3 running projects, and two of them just launched.
Seems like most revenue from Astoria, to me it is a surprise because that area is over supplied, but looks like not as bad I thought.

Nobulshit, I think major shareholder worry more than anyone if the price keep going down. They should have enough bullets due to the right issue.

I think the management of this company will support the price at current level. Even if the company lose money in coming report, they will still use the accounting tricks to beautify it. On the other hand, if we know that is their baseline, probably a small investor should follow instead of go against them.

Nobulshit, the answers should be in the QR report. As far as I can remember, the company did not launch new projects (except the recent one in December 2017) for almost 2 years, which means that it only depended on Dsara Foresta alone, which is not enough to cover the operational expenses. For the past 2 QR, some of the property companies including L&G incur operational loss, but to make the QR report looks better, they revalue the land Bank.For L&G, it included one time compensation from gov who acquire its land for Mrt development.
All these activities including the newly or about to launch projects will only produce cash after a while, but in the short term L&G still have to pay for all the operational expenses. Revalue land Bank definitely cannot generate cash.
I did not revisit the QR reports, but hope it explains something at least from business and accounting perspective.

We should have different opinion in the forum for discussion.
I am not surprise of this company's net cash flow from operation is negative in 2017, because the company did not launch projects for long.
On the other hand, it is a good thing because they can launch projects which suits the market needs soon.

Looks like Ksl is quite confident that property market will pick up. Hope they are right.

The coming QR may not look good, but they might revalue the land bank, which they did in the past quarter. They only have few projects in pipeline, operation wise I think gonna lose money.
But since the major shareholders bought lots of shares at current price, and it is already under value, they will support the share price.
It is up to the small investors to dump, I don't see any impacts. Property shares can only pick up after election.

Wait for new launchers. http://www.starproperty.my/index.php/articles/property-news/land-general-bhd-targets-to-launch-two-developments/
With their cheap land bank, I think the profit margin will be higher than normal.

Disappointed that the stock down today while the wider market is up. More buyers queue at 0.215 though, big player still accumulating?

Contrarian, they entitle to.

Author, what makes you think that it can maintain 2 cents dividend?

Land bank is the most important thing for developer.
http://www.theedgemarkets.com/article/cover-story-higher-inventories-and-lower-margins-seen-among-developers
Whether the property market bottom out or not, as long as their land is cheap, l&g will survive

Ksl able to keep its profit margin between 30-40%
http://www.theedgemarkets.com/article/cover-story-higher-inventories-and-lower-margins-seen-among-developers

Bought some at 0.21. This company's value is with the cheap land bank, but develop them will take some time, so share price will not go up in short term.

Queue at 0.21, faster sell to me

Near end of day the price will down 1 bid, I think major shareholder purposely do that so that he can accumulate at lower price

The compensation is 180million stated in the other operating income. Exclusive of compensation, this company barely make money.

Queue at 215, pls sell to me

http://www.enanyang.my/news/20170913/本财年2项目总值7-1亿br-置地通用营收可再破亿/

Bought even more at 0.215
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5539337

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5537481

Mayland bought at 0.225, which is good sign.

I think it will not drop below $1. After all the major shareholders are Epf, Kwap, Kwsp, they won't let it become penny stock.

Of course they are using proxy

It will only move after major shareholders collected enough at 21.5 cents

The actual loss is more if we consider the price drop after the announcement of right issue, which is from 37.5 to 31.5 cents.
Anyway, I still think that they may announce 2 cents of dividend end of July or Aug, based on the history.

Klse up 7% for first half of year. L&G down 6.5% after ex dividend and right issue. Biggest concern about this company is the integrity of management and major shareholders

Good to fire those who cannot perform

At current price even the major shareholders gonna lose money

Major shareholders stake increase from 30 - 33 is not much, although I believe they will use proxies. I think the coming results won't be good, but domestic consumption and bank borrowing starting to pick up and property may hit the bottom.

It might gives 2 cents of final dividend in Sept/Oct, this bring the total dividend to 4 cents. Depends on how many percentages of major shareholders holding after the RI, the higher the likely they generous to pay.

Which means that big shark swallowed enough OR, show time

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5383109

34cents now and expect to have 4cents dividend this year, why not? Major share holders hold even more after RI, you think they will let the share price down?
Everything is orchestrated by them, if you cannot see through, better don't touch any second liners.

When will they issue the rights? It needs to be asap, can't drag on

I will object the deal

It needs approval from EGM, so if we all vote against it that will kill the proposal

Thomas, if under subscribe Mayland will undertake all the minimum required RI.
I think that the scale of the RI is too huge, and there is no reason to ask shareholders
to fork out so much, given that L&G has so much cash and the outlook of property market is bad.

I suspect the volatility is due to Kway sold off the shares before US presidential results and follow by ringgit plunge, but now they are buying back

Seem like good deal, since the land price is by valuer, at least I don't think it is a scam by Mayland to rip L&G.

It depends on whether it is good deal to take over the companies. If they are short of cash and offered at discounted price, then it might be good thing.

Crazy, only happens in Msia.

Cash alone is more than market value. Coming quarter should be bad too, but keep for medium or long term is ok.

Roger, do you know how much MARA bought them? See this http://www.focusmalaysia.my/Mainstream/Pelaburan%20Mara%20sees%20huge%20paper%20losses

Pity MARA sold all their shares at loss

Only if BNM lower rate in Nov, which is possible

After dividend ex mother will adjust to 0.415