http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=88061&name=EA_GA_ATTACHMENTS

pls look at page 29, if spend RM537.73 million to buy an asset which value RM1,946.86 million is not a good deal for shareholders, then may i know what is a good deal? spend 50 billion to build a new fatory is a good deal?

If Tan Sri William H.J. Cheng dare to bear 180m for his shareholders, why we are not dare to become his shareholders?

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=88061&name=EA_GA_ATTACHMENTS

pls look into the proposal at page 4, (iii) Tan Sri William H.J. Cheng (“TSWC”) will be providing
a personal guarantee of up to RM180.00 million and the guarantee shall be discharged upon full settlement of RM417.10 million (“TSWC Guarantee”).
Tan Sri William H.J. Cheng use his personal name to guarantee RM180 million for this acquisition, can u imagine how confidence of his decision. I can see his sincerity.

Quarter report may come out today

Icon8888 friend, Parkson impairment loss is not as serious as u say.
Base on Annual Report 2016 page98, Lionind's Parkson 23% share is RM672,676,000, but currently the market price is RM251,620,000. So lose 520,445,900, divide by 718million share = 72sen per share. Still have 1.79.
For those profit companies, below NTA is the most valuable to invest.

Additionally, low PE
(8.07+7.16)x2 = 30.46
PE= 114/30.46 = 3.8PE

This is the lowest PE in the malaysia steel market or even world steel market, pls pm me if there are any steel company PE is lower than 3.8 and below NTA.
I will all in my money :)

Icon8888 friend, Parkson impairment loss is not as serious as u say. 
Base on Annual Report 2016 page98, Lionind's Parkson 23% share is RM672,676,000, but currently the market price is RM251,620,000. So lose 520,445,900, divide by 718million share = 72sen per share. Still have 1.79.
For those profit companies, below NTA is the most valuable to invest.

Additionally, low PE
(8.07+7.16)x2 = 30.46
PE= 114/30.46 = 3.8PE

This is the lowest PE in the malaysia steel market or even world steel market, pls pm me if there are any steel company PE is lower than 3.8 and below NTA.
I will all in my money :)

In the share market, as the investor, we should find out those undervalue share, especially in the ineffecient market. Now that is hard to find out low share price but high NTA in steel sector in the world, even China
In the share market, expensive is not equal to valuable, most of the time there are opposite。

Lionind investors will be happy to see Lionind to sell its property, if that is fair deal and most important is cant effect its steel production which is money making machine now.
Lionind will make profit for every fair deal because valuer will revalue its property, which is much more higher than its book value in the annual report.

@kelvin61, we cant blame those fund analysts, as the market capital of some stock is not big enough for their portfolio, it may be at least 1000m market cap. Because if least than 1000m market cap they cant buy as much as they want to buy. so Lionind not in their watchlist, but will be in their watchlist when it hits $2.
This is the reason, funds cant enter when its $0.8, but they can enter when its $2.
we are the small investors, we are not going to buy as much as the fund, so we no need to wait the price goes to $2 just enter.

@gwansoon friend, if u read annual report u will know the land Lionind sells to Yinson is value at January 2013, in annual report value is 22.5m, but its actual value is 45m which is 200% of its book value even there is only 4years time.
The deal with Yinson is good for Lionind, because the rental is fixed at 5% and Lionind can buy back the land anytime with every year 1% increase for the first 5 year, 2% increase for the next 5years, so the cost of refinance of this land is only 6.5%, which is lower than refinance with the bank which is at least 7% above. This is good deal for the Lionind, the management done the good job.

I couldn't find any company which is not any debt in Bursa Malaysia, even the world market. Unless the listed company's business stop running.
Pls tell me if there is any company which doesn't have any debt.

Accounting time

NTA = Net tangible assets is an accounting term calculated as the total assets of a company, minus any intangible assets such as goodwill, patents and trademarks, less all liabilities and the par value of preferred stock. Net tangible assets is also known as "net asset value" or "book value."

NTA= Total Asset - intangible assets - Liabilities

I'm curious that some people say Lionind is most risky compare with Annjoo and Ssteel.
Risky because Lionind has highest NTA?
Risky because Lionind has a lot of undervalue assets?

I think the answer is risky because investors is lack of understand the company.

Last Quarter Earning
Annjoo: 9.18sen (NTA $2.13, Share price $2.89 )
Ssteel: 8.67sen (NTA $1.78, Share price $1.41,)
Lionind: 8.07sen (NTA $2.42, Share price$0.815)

Lionind earning is almost same as Annjoo and Ssteel, but share price only is 28% of Annjoo, 57% of Ssteel, this is most funny pricing in the world, that is why Malaysia is the one of the best country good to invest, always got undervalue share.
Based on earning, Lionind PE is only 2.5x, cheapest in the world. If look at Lionind's annual report year 2016 (page 153,154,155), there are many assets are valued on year 1991, 1994, 2003, 2004. The current market value of these assets are at least 300% or even more, somemore Lionind's NTA is already $2.42 just based on those most outdated and under-estimated value.