Posted by luiluilui > 2015-02-15 20:21 | Report Abuse

For me...this is undervalued property stock.
Good stock for long term.

Posted by luiluilui > 2015-02-15 20:45 | Report Abuse

Every QR result is gaining more & more profit.

Posted by lloydlim > 2015-02-15 21:08 | Report Abuse

Positive uptrend is targeted!

Posted by cyphua > 2015-02-16 07:44 | Report Abuse

Conversion of 1% Irredeemable Convertible Unsecured Loan Stocks 2013/2018 estimate still balance 130M or 20% not covert, how this interupt share price after this? share unit from 598M to 1066M already, will reach 1200M share after all convert, another time right issue?

Posted by cyphua > 2015-02-16 07:50 | Report Abuse

How this NTA=RM0.749 announce in 26th Aug 2014, making profit, and NTA=RM0.577 announce in 26th Nov 2014, is it converting issue? converting have some money coming in should possitive. don't like acountance.

Posted by bracoli > 2015-02-16 08:03 | Report Abuse

mayb coming soon?

Posted by luiluilui > 2015-02-16 10:31 | Report Abuse

http://www.theedgemarkets.com/my/article/feng-shui-experts-economy-stock-market-recover

Posted by balvin71 > 2015-02-17 08:32 | Report Abuse

Bila mau kasi itu bonus issue?

Posted by soccerking82 > 2015-02-17 18:37 | Report Abuse

As expected, poor qtr results

Posted by riff > 2015-02-17 18:43 | Report Abuse

mcb soccerking can go play ur own ball la, Q3 = 6.96 cent, still considered poor results meh?

knn, u think can earn more go list ur own company leh. tok kok so much.

3Q eps 12.15 cent, should be worth at least RM 1, keep and accumulate, hope ppl like soccerking sell all.

Posted by soccerking82 > 2015-02-17 18:50 | Report Abuse

Hi riff, their eps calculation got some problem, i think they will issue the amend copy soon.

Last year qtr was RM 37m, and eps was 4.04, this quarter only RM 6M, but eps is 6.96 sen ?

Do you think this is reasonable ? I had run thru their qtr report, they use the wrong basis of share balance in arriving the eps in this qtr.

Posted by soccerking82 > 2015-02-17 18:53 | Report Abuse

But everyone already foresee poor result in this qtr, as their Ampang project already completed last qty.

Posted by YOLOOOO > 2015-02-17 19:29 | Report Abuse

eps wrong calculated

Posted by YOLOOOO > 2015-02-17 19:39 | Report Abuse

0.96sen then possible

Posted by rajagoh > 2015-02-17 20:01 | Report Abuse

we need to see whether they hv another announcement. seems like something wrong with the eps valculation

Posted by Up_down > 2015-02-17 20:02 | Report Abuse

EPS slumped to 0.76 cents per share after taken into account the latest paid up capital of 1.058 billion shares.

Notes: " Share capital: During the financial period ended 31 December 2014, the issued and paid-up share capital of the Company increased from 635,523,930 ordinary shares of RM0.20 each to 1,058,953,616 ordinary shares of RM0.20 each by the issuance of 423,429,686 new ordinary shares of RM0.20 each pursuant to the conversion of 423,429,686 ICULS into 423,429,686 new ordinary shares of RM0.20 each following the receipt of cash proceeds of RM55,045,859."

Posted by bing > 2015-02-17 22:06 | Report Abuse

results good mah. where got no good?

Posted by whitesheep > 2015-02-17 23:12 | Report Abuse

still can hold this counter?

Posted by Icon8888 > 2015-02-18 01:48 | Report Abuse

What happened to the share cap ? How come shrink from 600 mil to 147 mil ?

Posted by Icon8888 > 2015-02-18 01:50 | Report Abuse

Walao EPS calculation also wrong ? The management sleeping ?

Posted by Icon8888 > 2015-02-18 01:50 | Report Abuse

Tomorrow what will happen to share price ?

Posted by xcu843 > 2015-02-18 08:26 | Report Abuse

Don't tell me listed company also can do this stupid mistake. Today at least drop 10%.

Posted by xcu843 > 2015-02-18 08:27 | Report Abuse

I think today only half day trading.

Posted by soccerking82 > 2015-02-18 09:05 | Report Abuse

wow, still open high...

seems like some ppl still not aware on the wrong eps...

Posted by YOLOOOO > 2015-02-18 09:15 | Report Abuse

management jia sai lah, eps also calculated wrongly, really speechless
then today no drop but rise also make me speechless ....

Posted by xcu843 > 2015-02-18 09:20 | Report Abuse

How come still can go up?

Posted by GGmalaysia > 2015-02-18 09:26 | Report Abuse

jeng jeng jeng jeng. the key word is:
The diluted earnings per share has been calculated by dividing the Group’s adjusted net profit for the period attributable to owners
of the Company by the weighted average number of shares would have been in issue upon the full exercise of the conversion under the ICULS issued

Posted by xcu843 > 2015-02-18 09:35 | Report Abuse

That mean earning per share is correct.

Posted by sephiroth > 2015-02-18 09:39 | Report Abuse

no more super profit of 20-25m per qtr back to normal 8m per qtr

Posted by xcu843 > 2015-02-18 09:49 | Report Abuse

Look like not a good year for property counter.

Posted by GGmalaysia > 2015-02-18 10:11 | Report Abuse

@xcu843: nope, the EPS is something wrong, they just somehow made it sounds 'right'

Posted by balvin71 > 2015-02-18 10:18 | Report Abuse

Deposit, cash & bank balances = RM444 million or about RM0.41 per share. Can expect good dividend or have war chest to get some good property for future development.

Posted by jfanalytic > 2015-02-18 10:18 | Report Abuse

I don't think the eps is correct. But the price is still going up. Did majority investor not realize this?

Posted by soccerking82 > 2015-02-18 10:28 | Report Abuse

Or something good news going to announce? insider news? like bonus issue or dividend ?

Posted by Jason Seng > 2015-02-18 10:31 | Report Abuse

not understand the calculation

Posted by jeffrey6 > 2015-02-18 10:54 | Report Abuse

Invest123 please provide us with your calculation for the EPS. How did you arrive at the same figure as the quarterly report?

Posted by Jason Seng > 2015-02-18 10:54 | Report Abuse

i know the ampang elementshas completed, a Jv with mayland. SO the revenue is decrease. however, in previous quarter, the main contribution is from damansara foresta, so i never expect the revenue is down so much. Yet the EPS is almost teh same. Really confuse

Posted by Tey Tian Foo > 2015-02-18 10:57 | Report Abuse

Confuse with the EPS?

Posted by jfanalytic > 2015-02-18 11:00 | Report Abuse

Weighted average number of shares is incorrect IMO. nevertheless, there is no show for this counter. Ampang project done, pile of cash but no dividend & upcoming project. Sold mine this morning while the price still looks good.

Posted by xcu843 > 2015-02-18 11:05 | Report Abuse

How come The Edge Research's also noticed the wrong calculation for EPS?

KUALA LUMPUR (Feb 17): The lack of Elements@Ampang condominium’s sales contribution after its completion has contributed to Land & General Bhd’s (L&G) net profit for its third financial quarter to plunge 66.3% from a year-ago period.

In a filing with Bursa Malaysia today, L&G (fundamental: 3; valuation: 3) said net profit for the three months ended Dec 31, 2014 (3QFY15) fell to RM8.43 million from RM24.99 million a year ago, due to lower contribution from its property division.

Revenue for 3QFY14 was RM45.52 million from RM141.21 million in 3QFY13. Nevertheless, its earnings per share (EPS) was higher at 6.96 sen a share compared with 4.04 sen a share a year ago.

“Following the completion of Elements@Ampang project in the previous quarter, Damansara Foresta project is the main contributor to the (property) division’s results in the current quarter,” said L&G.

For the nine months period (9MFY15), L&G’s net profit was 68% higher at RM98.33 million or 12.15 sen per share compared with RM58.52 million or 9.47 sen a share in 9MFY14. Revenue was up 10.2% to RM409 million from RM371.18 million a year ago.

On prospects, L&G expects a satisfactory result for the current financial year ending March 31, 2015 (FY15).

"Despite a slower economic growth and the softening of commodity prices, the residential property market is expected to sustain due to the growing working population and the increased in first-time home buyers," it said.

L&G shares closed unchanged at 52.5 sen today, bringing a market capitalisation of RM559.75 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

Posted by pingdan > 2015-02-18 11:06 | Report Abuse

haha you all nvr know that L&G management is famous for no action talk only? Still believe with Winnie Chiu? You tink they will pay you fat dividend. Dream on. From the last time they issue the ICULS for L&G, already know their management pattern. Now proven again with the manipulated quarter report that misleading investors once again. I really want to ask them where is the damansara foresta 2, elementa ampang 2 and another golf club project which promised since early 2013 that they will launch the project by 2014. But until early 2015, still no news on these three project. After that keep on say they wan to launch but again no action have been taken.

Posted by pingdan > 2015-02-18 11:09 | Report Abuse

Mayland, who is L&G mainshareholder, famous for delaying their project. See the element ampang. They promise to deliver the project by Mar 2014. But in the end the project only delivered on Sep 2014. I foresee another delay project on damansara foresta which expected to be completed by end of 2015.

Posted by pingdan > 2015-02-18 11:11 | Report Abuse

Number of shares increase and total profit drop. EPS also can increase. Totally misleading the investor.

Posted by xcu843 > 2015-02-18 11:12 | Report Abuse

NVM, the important must share will go up.

Posted by pingdan > 2015-02-18 11:15 | Report Abuse

Good luck xcu843 for holding this conman management share. Dun tell me i didnt warn you. I dont see this management will do anything good to the minority shareholders. They just a bunch of lazy and NATO management which using public fund for their own benefits.

Posted by Jason Seng > 2015-02-18 11:56 | Report Abuse

do not seems like a mistake of financial reporting....so need to understand is the amount of common stocks is reduced, which is unlikely since more conversion of ICULS should increase the amount of common stocks

Posted by xcu843 > 2015-02-18 12:11 | Report Abuse

Finally up 1 cent. Good.

Posted by Jason Seng > 2015-02-18 12:13 | Report Abuse

till 12 noon or 12.30?

Posted by cyphua > 2015-02-19 06:12 | Report Abuse

This share every year have profit, and have RM0.15 per year, why we worry? buying share main things is don't close down, second is their price is low, RM0.55, ETA=0.582.
I worry is right issue I have not enough money to buy bonus issue only, that why no “All In" yet, if have profit, project going on, drop will continue collect, unless Bursa Malaysia warning them.

Posted by cyphua > 2015-02-19 06:15 | Report Abuse

The account no problem, is we don't know how account work only, RM8.4M, may be Profit & Loss after tax, usually big company have to play another like comprehensive income and Non-Controlling interest which Bursa Malaysia did not require them to show, then last per share is different.
No matter how, to share OK, the 4th quarter is plus, whole year can get R0.20, then we safe.
If account have problem, Bursa will do some things.