Yet have to see the dividend. Thanks for all the sharings. Saw the news about the additional listing annoucement. Not quite understand .
Additional Listing Announcement 1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Conversion of Loan Stocks Details of corporate proposal : Conversion of 1% Irredeemable Convertible Unsecured Loan Stocks 2013/2018 of RM0.13 Nominal Value Each No. of shares issued under this corporate proposal : 849,900 Issue price per share ($$) : 0.2600 Par Value ($$) : 0.20 Latest issued and paid up share capital after the above corporate proposal In the following Units : 1,093,091,516 Currency : Malaysian Ringgit (MYR) 218,618,303.200 Listing Date : 17/03/2016
It means some of their loan has been converted into shares. Changes gearing ratio a bit, and reduces effective shareholding of existing shareholders. But its not much, only 850k extra shares.
Yeah alot of sellers too... but no announcement who they are. L&G doesnt really have any large institutional shareholder.
Trading volume low and low price then ppl come out say and say no power la, game over la... Then volume high then also got ppl come out suddently say y he never see this good stock la, can buy la, dividend good la.... Can tell me base on what you all invest in share? share price only?
Last time on March 18th and 21st, it try to break pass 35.5 but failed. If the 2nd time it fail, might be dangerous. Volume wise still lower than last time. Hope this can move well above 35.5. Fly fly away... :D
According to my analysis, trade and receivable 398million refer to unbill sales that buyer still owe to l&g waiting for loan application. Last few week high volumn and the price is up at that time meaning that some parties is buying their share in direct market although the portion not reach 5% yet to alarm bursa announcement. But who is that party we dunno.
The management is very careful in development of projects. Hope will roll out more project simultaneously in future to get more order in their billing....
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Posted by Terence Chin Yun Peng > 2016-03-18 09:52 | Report Abuse
accumulation stage start