We need God's holy presence to sweep sinners that spread fake news here, so they will cry and repent in their evil acts. Just count your blessings. You know who you are. No hard feelings ya. I am bitter to see human like you behave like this in this public forum and its abt time for me expose your shameful behaviour.
Can any sifu enlighten newbie here why L&G with its attractive dividend yield (5.12%) is trading at such low price?. From what The Edge wrote on 25th July, 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, With a very healthy balance sheet, its prospects for future acquisition and expansion should be good, right?
no. / name / holdings / % 1 Amsec Nominees (Tempatan) Sdn Bhd 343,791,000 31.37% Pledged Securities Account - Ambank (M) Berhad for Mayland Parkview Sdn Bhd 2 Lembaga Tabung Haji 48,497,900 4.43% 3 Citigroup Nominees (Tempatan) Sdn Bhd 17,712,400 1.62% Employees Provident Fund Board (PHEIM) 4 Public Nominees (Tempatan) Sdn Bhd 17,680,000 1.61% Pledged Securities Account for Nik Awang @ Wan Azmi Bin Wan Hamzah (E-KPG/JRL) 5 Citigroup Nominees (Asing) Sdn Bhd 15,067,600 1.37% CBNY for Dimensional Emerging Markets Value Fund
Tks Eric, i notice you are a LT shareholder of L&G. With that amount of cash, I am sure they are at the best position to capitalized on the funds. Will try and study more before buying.
If you read the annual reports, you can know that they have land in Tebrau Johor, Kedah, Seremban, Selangor...and they have joint venture project in Australia.
L&G is the only counter in KLSE where it net cash is more than its share price.
Simply put, if one were to privatise this company at 0.40, the investor will received 2cents in cash, plus all it assets, land etc. worth >20c per shares.
said hi to all L&G investors,you all don't have to worry about the share price,last year i & Eric Fong bought above RM0.50,now is very cheap lah,last year I bought until chinese new year no money to give ang pow leh.everyday i pray to ah nioa po pi the price hit RM0.50 to safe my investment.at least now i see some sunlight to hit RM0.50.buy ! Buy ! Buy ! Ah Nioa ada po pi punya..
1) THE MANAGEMENT (the most important factor) Good management will make their product / services best seller and profitable to company.
Good product but bad management - worst result (example: china stationery limited CSL) Bad Product but good management - Good result (example: l&g used to have bad place in Sri Damansara when take over the company as its location and environment is bad but now thay have make their place famous for residence and commercial place.)
2) THE PRODUCTS / SERVICES (2nd important factor) Whether the goods / services can be best seller or acceptable for all consumer or not. The products got any cycle period or not - example mobile phone/IT products.
3) Financial Balance Sheet (3rd important factor) Must be healthy but not necessary debt free. In terms of business world, debts lower the cost & risk. Understanding a company balance sheet is just a starting point for investment but not the end.
Just my opinion and sharing to everyone. Any error please rectify me. Thank you.
Highest bought at 55cents, lowest 38.5cents. At this level, it is so much under value. Problem with second liner is that if no recommendation from analyst hard to move. Following the article from The Edge and Epf accumulation I think things will change.
Managed to get some at .410 on Friday. Added more at.420 today. Factors that make L&G attractive are the constant dividend, low entry price, potential reassessment of it land banks and low PE. So assuming L&G continue to give dividend more attractive than FD, there is no loss in holding this stock for a few years. Say I hold for 2 years, what will be the likelihood of it doubling up during that duration?
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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
1,198 posts
Posted by Eric Fong > 2016-08-10 00:12 | Report Abuse
Those who buying this stock is important support...dun simply sell it!!