Maybe the following articles shed some light on the relationship between Country Garden Holdings Company Ltd and Malaysia Land Properties SB (Mayland) which is the major shareholder of L&G.
Hopefully L&G will become a hostile take-over target with the latest revision in the SC's takeovers & mergers framework since its share price has remained hopelessly low & undervalued for so long despite its PAT had been growing over the last few years.
Nobody knows. When the result is good everyone say it is good. When the result is bad everyone say this company is bad, stock not moving, not give good dividend, etc...
I think the conversion is due to dividend. ICULS only have 1% dividend. Once convert now the dividend increase to about 4%. Not sure if the conversion done by largest shareholders. I think should keep it dun sell as largest shareholder still confidence in this company. Otherwise they already sell it and wont take all the remaining ICULS balance.
Cannot compare with previous price because L&G owns Oil & Gas Company (Armada) before financial crisis and it change to new management since then. And the company had sold Armada after financial crisis.
The company is like new grown tree, still small tree now but keep growing up bigger and bigger..
haha why you guys panic so much... if you look at the report, cash is still super high, even higher than before. I always said, have to wait until next year for profit.
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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....
Kai Shien Ks
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Posted by Kai Shien Ks > 2016-08-15 17:51 | Report Abuse
I had bought since 2 years ago :( , but managed to avg down during 0.39 lvl.