LANDMARKS BHD

KLSE (MYR): LANDMRK (1643)

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Last Price

0.245

Today's Change

-0.005 (2.00%)

Day's Change

0.235 - 0.25

Trading Volume

698,900


6 people like this.

783 comment(s). Last comment by Woodswater 14 hours ago

see2sea

2,185 posts

Posted by see2sea > 2021-07-15 14:07 | Report Abuse

1 day show nia..pump and dump operator

Posted by SpicyMcDeluxe > 2021-09-03 10:39 | Report Abuse

kekw

Posted by SpicyMcDeluxe > 2021-09-07 09:51 | Report Abuse

kekw

mysc01ykc

16 posts

Posted by mysc01ykc > 2021-09-07 14:59 | Report Abuse

Wah!, 42.5 today...ESOS can affect a rally?

drken91

336 posts

Posted by drken91 > 2021-09-14 22:46 | Report Abuse

https://www.thedatai.com

anyone else booked their stay yet?

if not, book your tickets here heheh - surely not high-rise condo one.. hehe

Mc_Wei

172 posts

Posted by Mc_Wei > 2021-10-01 23:18 | Report Abuse

Landmark CEO, Mark Wee bought into Blumont for $0.0004. Now he wants to sell Blumont shares to Landmark for $0.005 (increase of 1150%) in exchange for Landmark's assets. No wonder Landmark share price won't go up, it's being run by a very "smart" CEO.

https://www.businesstimes.com.sg/companies-markets/businessman-mark-wee-owns-514-of-blumont-shares-after-close-of-offer

https://www.theedgemarkets.com/article/landmarks-seals-conditional-share-sale-agreements-blumont-worth-s634-mil

Mc_Wei

172 posts

Posted by Mc_Wei > 2021-10-01 23:47 | Report Abuse

Interestingly, Blumont net asset is only $2.7m but market cap is $137m.

Alwinb

74 posts

Posted by Alwinb > 2021-10-15 07:22 | Report Abuse

MSWG please do your job to scritinise this outright questionable RPT

BalaSan

2 posts

Posted by BalaSan > 2021-10-15 18:35 | Report Abuse

This deal to sell land in Bintan to Blumont looks like a shady deal. Mark Wee and Fong Chee Khuen are shareholders in Blumont. One is the CEO, one is the COO of Landmarks. Which hat are they wearing? On what basis did the board members approve this?

Landmarks is not selling land to Blumont. No cash is coming in. They are exchanging land in Bintan for shares in Blumont. What is the use of having shares in Blumont? It’s being run by the same group of people. It will be the same result. The land would be sold, they pay themselves salary, no dividends is announced. What does Landmarks benefit to exchange this land for shares in Blumont? When all asset is sold and money spent, what is the 29% stake in Blumont going to be? By then, Mark Wee and his cronies should be good enough to retire.

Why is Genting turning a blind eye to what they are doing to the company all these years? Their % in the company has been diluted by the current management. Soon, they will not be the majority shareholder.

This deal must be stopped. There should be a change in BOD and management before Landmarks is stripped of everything.

Alwinb

74 posts

Posted by Alwinb > 2021-10-15 22:18 | Report Abuse

Subject to EGM approval according to circular

see2sea

2,185 posts

Posted by see2sea > 2021-11-05 16:25 | Report Abuse

Landmark no power...Genting at rm5 range..still sleeping tourism sector

Mc_Wei

172 posts

Posted by Mc_Wei > 2021-11-20 01:03 | Report Abuse

Landmark CEO is slowly transferring all Landmarks assets to Blumont, a company with net assets worth $2.7m only. Who would want to buy Landmark anymore? Landmark major shareholder Genting still sleeping, maybe not aware.

Posted by Musang King > 2022-03-30 18:29 | Report Abuse

It's OK as long as our Landmark NTA is still intact after this exercise. The control of Bintan Project Developments and Financing are now passed over to the Blumont Group in S'pore.

Mc_Wei

172 posts

Posted by Mc_Wei > 2022-03-31 18:37 | Report Abuse

Blumont NTA is $0.0001. Market price is $0.004. P/NTA is 40x. Blumont will buy Landmark assets by issuing its own shares to Landmark at hyperinflated price at $0.005

Mc_Wei

172 posts

Posted by Mc_Wei > 2022-03-31 18:39 | Report Abuse

From Landmark's circular part 1, page 90
(dated 24.3.2022). They already mentioned "significantly large premium". All the best to Landmark shareholders.

As for the justification to the NA per Blumont Share of SGDO.0001 as compared to the Issue Price, which is
at a significantly large premium, which is not detrimental to the non-interested shareholders of Landmarks
premised on the followings:
(i) the Issue Price to be issued pursuant to the Proposed Disposals, represent a Significantly large
premium as compared to the NTA per share attributable to the owners of Blumont based on the
audited financial statements for the FYE 31 December 2020 of SGDO.0001 . However, assuming that
the Proposed Disposals had been completed on 31 December 2020, being the end of the most
recently completed financial year of Blumont Group, the pro forma NT A attributable to the owners of
Blumont is expected to be at SGD78.72 million with the pro forma NTA per Blumont Share is
expected to increase to SGDO.0018. The NTA of Blumont may improve further in the mid to long
term period when the Target Companies start generating profits, of which Blumont will be able to
operate the Natra Bintan Hotel within a shorter time frame.

BalaSan

2 posts

Posted by BalaSan > 2022-04-05 12:53 | Report Abuse

Good luck to Landmarks on this deal if it goes through. Blumont gets the revenue generating assets like Natra along with some plots of land that they now own and can sell. In return they give shares to Landmarks. To me, it’s like exchange revenue generating business and plots of land for toilet paper.

Landmark’s NTA is most probably inflated and not updated. If you believe that their asset is worth that much, you would be in for a surprise when it’s time to sell.

Landmarks is left with only Anmon to generate cash. It will not cover the cost of KL and Singapore office. It will not even cover the cost of maintaining the operations of Bintan. I wonder how are they also going to repay their loan regularly.

Posted by sense maker > 2022-04-05 13:06 | Report Abuse

A daylight robbery.

ocbc

765 posts

Posted by ocbc > 2023-04-12 15:31 | Report Abuse

NTA 2.71 ?? Very interesting company

ocbc

765 posts

Posted by ocbc > 2023-05-17 09:33 | Report Abuse

CEO needs to resign or just got $100 monthly salary type.

RISK8888

2,145 posts

Posted by RISK8888 > 2023-05-22 08:13 | Report Abuse

Sell the land and pay back shareholder $$$$$$!

stockraider

31,167 posts

Posted by stockraider > 2023-05-22 08:19 | Report Abuse

Potential Genting will takeover loh!

Potential Speculative play loh!

stockraider

31,167 posts

Posted by stockraider > 2023-05-22 08:21 | Report Abuse

Management must sell assets loh!

In order to turnaround bcos too heavy fixed assets mah!

RISK8888

2,145 posts

Posted by RISK8888 > 2023-06-06 22:20 | Report Abuse

Who attend AGM?

ocbc

765 posts

Posted by ocbc > 2023-06-08 15:49 | Report Abuse

agm how?

RISK8888

2,145 posts

Posted by RISK8888 > 2023-07-03 21:12 | Report Abuse

may end up force to PN17 by Bursa? delisted from Bursa? or come up with a plan to revive the business? big Investor join the boat? how low can it go? market cap already below 100mil? asset worth billion? so what will happen next?

RISK8888

2,145 posts

Posted by RISK8888 > 2023-07-11 07:39 | Report Abuse

SELL!RUN!

newbie9893

1,651 posts

Posted by newbie9893 > 1 week ago | Report Abuse

i am seeing that the buying momentum is pretty strong today, might limit up in afternoon section

newbie9893

1,651 posts

Posted by newbie9893 > 1 week ago | Report Abuse

landmark go...go..go..

newbie9893

1,651 posts

Posted by newbie9893 > 1 week ago | Report Abuse

last chance to buy landmark@0.23, you won't be able to get this price in afternoon section

theavenger

195 posts

Posted by theavenger > 1 week ago | Report Abuse

privatise 1.00

newbie9893

1,651 posts

Posted by newbie9893 > 4 days ago | Report Abuse

landmark confirmed limit up today

newbie9893

1,651 posts

Posted by newbie9893 > 4 days ago | Report Abuse

go..go..go...limit up..

newbie9893

1,651 posts

Posted by newbie9893 > 4 days ago | Report Abuse

landmark sui sui

newbie9893

1,651 posts

Posted by newbie9893 > 4 days ago | Report Abuse

last chance to buy landmark@0.245, you won't be able to get this price tomolo

newbie9893

1,651 posts

Posted by newbie9893 > 4 days ago | Report Abuse

0.25 cleared....

newbie9893

1,651 posts

Posted by newbie9893 > 4 days ago | Report Abuse

limit up

theavenger

195 posts

Posted by theavenger > 4 days ago | Report Abuse

TOMORROW ABOVE 0.30

newbie9893

1,651 posts

Posted by newbie9893 > 3 days ago | Report Abuse

limit up today...go..go..go

newbie9893

1,651 posts

Posted by newbie9893 > 3 days ago | Report Abuse

landmark limit up...

theavenger

195 posts

Posted by theavenger > 3 days ago | Report Abuse

gogogo

theavenger

195 posts

Posted by theavenger > 3 days ago | Report Abuse

suspend later

newbie9893

1,651 posts

Posted by newbie9893 > 3 days ago | Report Abuse

landmark sure limit up today...go..go..go

theavenger

195 posts

Posted by theavenger > 3 days ago | Report Abuse

privatise?

RISK8888

2,145 posts

Posted by RISK8888 > 3 days ago | Report Abuse

dreaming

theavenger

195 posts

Posted by theavenger > 3 days ago | Report Abuse

haha

Woodswater

3,779 posts

Posted by Woodswater > 17 hours ago | Report Abuse

game over ⚠️

Woodswater

3,779 posts

Posted by Woodswater > 14 hours ago | Report Abuse

run b4 crashed ⚠️

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