Is ok cannot compare too much from previous quarter as difference scenario now..the group will start its progress start now with launching of projects..
Faced with the softening of the property market amid tightening credit measures and weakening of ringgit, the Group is cautiously optimistic of its development project of Astoria in Ampang which is targeted for launch in the second half of the financial year ending 2016 with a gross development value of RM800million. For the remaining quarters of the financial year, the Group performance will be supported by its ongoing projects.
Eric... astoria has been soft launched since late last year... wait till now also no sign snp... now say wana launch next year? Means sales no good... cant get enough buyers ...
From the report u can see that the new project is delay due to new requirement from authority, not company fault. Anyway is a good company for me, keep buy while it low and wait for them to grow in future.
Already said Astoria havent even sign SNP due to the new gov regulation how to recognise revenue? Im more interested to know how much is the unbilled progressive billing for Foresta.
I not so worry as new project are coming in accordingly and surely will get recognise in next quarters and forwards quarters as well. Still confidence in the management team. Just need some time to let this compsny grow.
Haha sorry im just give advise only based on my investment strategic. Pls dun buy sell coz of others saying ok. I dun wish to get others losing profit too.
I am a supporter for this counter but also should see the ups and downs. I bought at 0.365 and sold at 0.415. May buy again if it goes lower. This share could be worth more than 0.51, with good dividends. Yet, if you look at most properties counters, they are all worth more than the share price but often never match what's their worth because these companies hold on to many land banks which make their worth very high. However, it is only through development and building and selling new properties that will propel the share price higher.
I've been holding this for 2 years. Bought at 0.43, it went up to 0.69..didn't sell..Of course, with hindsight, I should've sold, but it was still undervalued at that time. This company is no doubt undervalued but here's my concern after being 2 years shareholder. The management is not very accurate on their promise..maybe due to inexperienced in investing or what, but I didn't anticipate them to delay the project launch for more than 1 year. The eps for the next year will be screwed up..don't think the share price will rise any time soon, and I've reduced my stake (due to low confidence on management) but nonetheless, I see no reason why I can't profit from this company in the future. They've got nice projects, strong balance sheet & experienced management and are selling at a nice price (dividend yield wise). Even though they are poised to have a strong position, the property market's prospect seem very bleak in the foreseeable future, household debt are too high, banks are not lending. It's a tough time for L&G shareholders.
That said, if you're not in a need to use money, you may park some money here. Downside is limited as they have lots of cash. Price already factored in most anticipated disaster. When people already anticipate bad thing to happen to this company, any good news should send the price soaring and hence gives you profit. I'll say this is now a low risk, potentially high return investment, if you can hold it indefinitely.
Yes plan to hold ten years here. Management : excellent and experience Profit lose : excellent Asset liability : strong Cash flow : strong if project is on going Dividends : good
But the worst thing for investing on a good company is that you park all your money there for a few years with no price movement. It is really wasting our limited resources.. arrrgh!!!
If our kongfu is very good in getting our capital grow then we will focus on stock price, but how many will be as good as warran buffet? If we not as good as others in valuation stock, dividend is the good way to gain our profit.
Take an example. If u doing partnership business with ur fren, normal thing the company will do is profit sharing by distribute dividend every years once it earn money. From dividend ur cost will lower down evety yesr. Are u going to sell ur share to others after one year? Giving ur business some period of time to earn money is important too. If u share business with ur fren that doings construction, do u think u can get all the cost and start earning in one year aftrr million ringgit throw in the business? Undeniable disadvantage of stock market is to let u see the fluctuation of share price and that makes us cannot see clearly. For private business that are not listed, we see clearer view in doing busness and we concentrate on the business itself and wont infuence by stock price. This is why warran buffet say once he buy a share, he prefer the stock market closed down a few years to let him concentrate on the business n company he bought. Sorry if i wrote something wrong and please advise me if i say something wrong.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Eric Fong
1,193 posts
Posted by Eric Fong > 2015-11-20 17:37 | Report Abuse
I think end of this month...roughly 28th