Posted by huat888 > 2016-07-03 22:15 | Report Abuse

L&G par value rm0.20. Coming is 2 sen,not 2%.

Posted by ooi8888 > 2016-07-03 22:48 | Report Abuse

sorry is 2 cents, my apology.

Posted by soros228 > 2016-07-03 23:01 | Report Abuse

Not bad.

Posted by ooi8888 > 2016-07-03 23:18 | Report Abuse

Interest to buy?

Posted by soros228 > 2016-07-04 07:51 | Report Abuse

:)

Posted by Eric Fong > 2016-07-04 18:04 | Report Abuse

Soros please buy faster..I cant wait to see the share price increase a lot :-)

Posted by soros228 > 2016-07-04 21:27 | Report Abuse

Quietly in already. :)

Posted by Eric Fong > 2016-07-04 21:41 | Report Abuse

Wow..soros buy in..market high price

Posted by prudentinvestor > 2016-07-05 20:05 | Report Abuse

Dividend yield more than 5%. Much better than keeping your money in the bank.

Posted by Eric Fong > 2016-07-05 20:42 | Report Abuse

Yes it has reach about 6% last time when the price reach RM0.335

Posted by peterwinwin > 2016-07-09 13:11 | Report Abuse

yes,i gain in dividend 2 cents,but loss in share price 7.5 cents.need another 4 years to break even,this is a good counter for long term investment,hope soros to do something help me to shorten the period,hahaha!i Soros pls !! fry ! fry ! fry ! fly away.

Posted by Eric Fong > 2016-07-11 16:37 | Report Abuse

Want to buy again but scare the price will drop again

Posted by xcu843 > 2016-07-11 17:40 | Report Abuse

No need to scare. You won't know how low it will go

Posted by Eric Fong > 2016-07-11 18:48 | Report Abuse

Hope it lower so that I can buy it

Posted by drakoryn > 2016-07-13 15:32 | Report Abuse

going up

Posted by soros228 > 2016-07-13 16:07 | Report Abuse

:)

Posted by alexsee > 2016-07-13 16:07 | Report Abuse

big buyer coming in

Posted by tintan > 2016-07-13 16:13 | Report Abuse

Uptrend ,buy quick

Posted by speakup > 2016-07-13 16:14 | Report Abuse

soon we will see long overnight queues to rush to buy houses again :-)

Posted by soros228 > 2016-07-13 16:15 | Report Abuse

They collected before the rate cut.
Now show time.

Posted by davidkkw79 > 2016-07-13 16:19 | Report Abuse

What happened ? Property stocks all going up !

Posted by Eric Fong > 2016-07-13 16:20 | Report Abuse

Good news coming but we shall buy based on company potential.. otherwise share price will come down again...

Posted by tintan > 2016-07-13 16:23 | Report Abuse

Don't miss the boat

Posted by Eric Fong > 2016-07-13 16:24 | Report Abuse

Cannot chase high...danger...

Posted by tintan > 2016-07-13 16:26 | Report Abuse

Engine just warmed up

Posted by dummyblackie > 2016-07-13 16:33 | Report Abuse

OPR cut effect

Posted by valueinvestor > 2016-07-14 17:59 | Report Abuse

http://www.thestar.com.my/business/business-news/2015/06/10/land-and-general-expands-landbank-in-selangor/
Still not concluded??

Posted by tjhldg > 2016-07-14 23:23 | Report Abuse

bolat sama dia also

Posted by tintan > 2016-07-15 10:31 | Report Abuse

Slow motion stock

Posted by xiaoji > 2016-07-15 15:21 | Report Abuse

dividend for the past 3 years only 0.02 cent ? annoucement was 2 cents.

Posted by Eric Fong > 2016-07-15 17:27 | Report Abuse

Actual payout RM0.02 per share

Posted by Eric Fong > 2016-07-15 22:48 | Report Abuse

if u buy now u will get 5% dividend

Posted by valueinvestor > 2016-07-16 14:03 | Report Abuse

NTA of the company is 64 sen. The company held RM 526mil cash as of 31.3.16, but the market valued the company at 433 mil based on its closing price of 39.5 sen. Hopefully there would be some corporate raiders to take over this company...

Posted by song123 > 2016-07-17 14:25 | Report Abuse

may i know when dividend will be given?

Posted by Eric Fong > 2016-07-17 14:41 | Report Abuse

Need wait for AGM

Posted by peterwinwin > 2016-07-17 15:23 | Report Abuse

valueinvestor like what you said,the cash of this company more than the market value is indirectly tell me this is a lousy stock,even discount so much also can't attract investor to buy,we all are die standing liao.Soros ,where are you?lai lah,to wake up the management.

Posted by soros228 > 2016-07-17 15:29 | Report Abuse

:)

Posted by song123 > 2016-07-17 23:32 | Report Abuse

When AGM?

Posted by Eric Fong > 2016-07-18 21:40 | Report Abuse

I think need wait for company announcement...

Posted by Eric Fong > 2016-07-20 11:36 | Report Abuse

AGM about in Sept and dividend about to pay on Oct

Posted by Eric Fong > 2016-07-23 16:31 | Report Abuse

The only problems for this company is lack of projects on hand compare with others company

Posted by Eric Fong > 2016-07-23 20:03 | Report Abuse

Hope they have more project on hand and made the company name more reputable...

Posted by Eric Fong > 2016-07-25 16:09 | Report Abuse

http://www.theedgemarkets.com/my/article/cash-hand-ultimate-buffer

Very very Good thing about L&G

Posted by dummyblackie > 2016-07-25 16:43 | Report Abuse

saw this also... wanted to share but lazy...lol

Posted by Eric Fong > 2016-07-25 17:11 | Report Abuse

Nvm i will post the whole paragraph here.

Posted by Eric Fong > 2016-07-25 17:12 | Report Abuse

This article first appeared in The Edge Financial Daily, on July 25, 2016.

KUALA LUMPUR: The slowdown in the property sector has prolonged for over a year. Most analysts opine that the weak consumer sentiment and banks’ stringent lending policy will continue to pose earnings risk to property developer.


Even after Bank Negara Malaysia’s recent cut in the overnight policy rate by 25 basis points, analysts are not convinced that the move will be enough to revive much of the property market.

The question of how resilient property companies are still lingering among the investing fraternity.

“We think it is important for property companies to have a strong balance sheet, cash and flexibility to weather the downturn of the market,” said TA Securities’ analyst Thiam Chiann Wen.

Indeed, cash is king in times of uncertainties. A sizable cash pile would be a good buffer against the fall in sale revenues.

A random check on 32 property companies with a market capitalisation between RM300 million to RM2 billion, only six companies’ cash ratio is higher than one.

The six are SHL Consolidated Bhd, Plentitude Bhd, TAHPS Group Bhd, Land & General Bhd (L&G), Amcorp Properties Bhd and Daiman Development Bhd. Tambun Indah Land Bhd’s cash ratio is at 0.99 based on the latest balance sheet. (see chart)

Cash ratio is a gauge of companies’ ability to cover their short-term liabilities.

L&G is among the few companies that has a cash ratio of higher than one, at 2.22 times, indicating more than sufficient cash on hand to pay off short-term debt.

L&G is on a net cash position of RM288.5 million, which is 67.4% of its current market capitalisation of RM427.9 million.

The company’s cash pile had grown significantly to RM525.9 million as of March 31, 2016 from RM398.3 million a year ago. In fact, the cash pile has more than doubled from RM183.8 million two years ago.

On the other side of its balance sheet, L&G’s borrowing was at RM83.1 million as at March 31.

As for companies’ prospects, L&G had, at the beginning of this year, planned to launch three developments with an estimated total gross development value (GDV) of RM1.67 billion. The launches are the Astoria serviced apartments in Ampang, phase 2 of the Damansara Foresta service apartments in Bandar Seri Damansara and the first phase of landed development, Taman Sena in Seremban.

The group’s net profit for fourth quarter financial year ended March 31, 2016 (4QFY16) was close to eight times higher at RM55 million from RM7.1 million in 4QFY15. The company has been profitable in the last ten years.

Like other property stocks, L&G’s share price has tumbled from its five-year high of 62.9 sen in August 2014 to a low of 33.5 sen in March this year.

L&G has declared dividend regularly since 2014. On May 30, the board declared a single-tier final dividend of two sen, reflecting a dividend yield of about 5.12% — even higher than some of the Real Estate Investment Trusts (REITs) on Bursa Malaysia.

Posted by Invest33 > 2016-07-25 18:22 | Report Abuse

With RM288.50M net cash, does it means RM0.263/share while its share price is only RM0.385?? If so, really under-valued.

Posted by Flintstones > 2016-07-25 18:24 | Report Abuse

L&G is a value trap. The cash is already in the books since many years ago and now we have many carrots discovering this stock.

Posted by Eric Fong > 2016-07-25 19:00 | Report Abuse

Please read their whole century annual report for their history for more accuracy of their value.
Please study more about this company before any judgement.

Posted by valueinvestor > 2016-07-25 20:16 | Report Abuse

http://dbv47yu57n5vf.cloudfront.net/s3fs-public/editorial/my/2016/July/25/L%26GAstoriaartistimpression.jpg