Posted by Eric Fong > 2016-10-28 12:24 | Report Abuse

Dividend received...buy more

Posted by Kang Yang Lai > 2016-10-31 10:10 | Report Abuse

sweet dividend. Good stock to hold during uncertain time

Posted by Eric Fong > 2016-11-01 23:28 | Report Abuse

hahaha yeah good point :)

Posted by Kang Yang Lai > 2016-11-03 16:29 | Report Abuse

but d price keep dropping...

Posted by alvinchiam > 2016-11-03 16:38 | Report Abuse

sell sell

Posted by Eric Fong > 2016-11-03 20:08 | Report Abuse

Buy buy..

Posted by peterwinwin > 2016-11-03 21:54 | Report Abuse

no support liao,34 cents coming soon.

Posted by Eric Fong > 2016-11-04 03:14 | Report Abuse

Drop more buy more

Posted by alvinchiam > 2016-11-04 05:40 | Report Abuse

sell

Posted by tiennhieu > 2016-11-04 16:50 | Report Abuse

buy

Posted by Eric Fong > 2016-11-05 13:23 | Report Abuse

buy

Posted by tah16600 > 2016-11-11 11:27 | Report Abuse

4 4 4 4

Posted by tah16600 > 2016-11-11 11:37 | Report Abuse

With Trump taking over, U S .high tech.comp shifting back to their homeland, ,habislah Malaysia,

Posted by tiennhieu > 2016-11-12 16:58 | Report Abuse

low & go...

Posted by tah16600 > 2016-11-12 17:11 | Report Abuse

Downtrend

Posted by Eric Fong > 2016-11-12 23:59 | Report Abuse

The more it goes down, the more we can buy

Posted by peterwinwin > 2016-11-13 12:25 | Report Abuse

ya,the more we buy,the more it drop.the board directors wish to sell all to us.

Posted by Eric Fong > 2016-11-13 16:27 | Report Abuse

If i got the money then I welcome board director sell all share to me then i can control this good cash rich company.

Posted by lkoky > 2016-11-13 16:51 | Report Abuse

with net cash of 40c per share, with current share price, u are being rewarded with 3c FOC by buying it.

Posted by Eric Fong > 2016-11-13 18:07 | Report Abuse

Plus all the asset in the company...

Posted by tanhy123 > 2016-11-13 19:16 | Report Abuse

Crazy, only happens in Msia.

Posted by tah16600 > 2016-11-13 21:08 | Report Abuse

Most retail players kena trap,no more money to buy .but waiting to sell. So how shares can go up leh?

Posted by tah16600 > 2016-11-14 11:18 | Report Abuse

36 sen still got ppl sell

Posted by Eric Fong > 2016-11-15 01:57 | Report Abuse

Use dividend to buy at 0.36

Posted by Kai Shien Ks > 2016-11-15 18:27 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5259709

Posted by MuttonCurry > 2016-11-15 18:36 | Report Abuse

Rights issue some more ... tomolo bungkus ?

Posted by K.H > 2016-11-15 18:41 | Report Abuse

Cash rich, RIGHTS ISSUE :(

Posted by Eric Fong > 2016-11-15 19:35 | Report Abuse

Acquisition of company suggest by biggest shareholders MAYLAND.
The acquisition use about 300million.

Posted by Eric Fong > 2016-11-15 19:48 | Report Abuse

In the history, big company such as Public Bank come out with Right Issue too to expand their business.
In terms of doing business, in short terms there are some reverse effect on share price, but in long terms, this is a good plan for L&G
to increase their land bank and Earning by tapping directly in to the market that already developed by the acquisition.

We always say L&G has not enough landbank like ECOWORLD, TAMBUN & others and thus the company earning not stable and EPS not as good as others.
I guess this is a very good plan for biggest shareholders to release value of L&G.

Mayland dare to take most of the ICULS & maybe right issue in in future, they are not stupid coz their share is same with ours too. They will have thought of reverse effect
of the company share price. But i think they will have great plan in future to increase value of their share on their hand.

Posted by Eric Fong > 2016-11-15 19:53 | Report Abuse

For avoidance of doubt, the Company has the intention to acquire all Target Companies irregardless of the actual proceeds to be raised from the
Proposed Rights Issue. In the event that the Company does not raise sufficient proceeds from the Proposed Rights Issue to acquire all Target Companies,
the L&G Group will utilise its internally generated funds and/or bank borrowings

This is confirm a must do plan for company.

Posted by Eric Fong > 2016-11-15 19:54 | Report Abuse

If they not come out with right issue and use company money to buy the landbank i think is too slow for them in terms of expansion.

Posted by Huatlar > 2016-11-15 21:07 | Report Abuse

sure drop tomorrow

Posted by tanhy123 > 2016-11-15 21:30 | Report Abuse

It depends on whether it is good deal to take over the companies. If they are short of cash and offered at discounted price, then it might be good thing.

Posted by luckyman > 2016-11-15 23:10 | Report Abuse

http://www.theedgemarkets.com/my/article/land-general-buys-4-firms-rm298m-proposes-8-5-rights-issue

The share price may go down in the short term because this is a related party transaction and some people think that the major shareholder is trying to take advantage of the company. However, the share price should go up in the longer term since the main shareholder is actually prepared to use this opportunity to increase its shareholding significantly to 60% in the event that all the minority shareholders choose not to subscribe their entitlements. Similarly, the major shareholder actually used the previous ICULs issuance exercise to increase its shareholding in the company and the share price rallied not long after the completion of the previous ICULs issuance.

The major shareholder knows the hidden value of the company in the longer term, like its undervalued land bank at Sri Damansara Club.

Posted by Eric Fong > 2016-11-16 00:06 | Report Abuse

Not really will drop coz some investors think it is a good deal maybe.

Posted by Eric Fong > 2016-11-16 00:15 | Report Abuse

In short and long term sure a good point for L&G to expand their landbank and development project as everyone know their project is so less compare other property players.

Posted by Flintstones > 2016-11-16 00:20 | Report Abuse

Many investors was enticed into L&G due to the net cash on the balance sheet. Now the cash is going to be walloped by the major shareholder and I guess net cash no more? So whats next for L&G value investors, explosive earnings growth for the company after acquiring developments in semenyih? Gawd bless L&G. No wonder the stock is undervalued. The market is so efficient.

Posted by Eric Fong > 2016-11-16 01:27 | Report Abuse

Acquisition fund by using rights issue for L&G and only if the right issue not being fully subscribe by public, the company only seek fund from internal / bank borrowing.
So they still have net cash of 500mil.
For this plan they will save a lots of bank interest.

Posted by Eric Fong > 2016-11-16 01:37 | Report Abuse

Mayland may take up most of the right issue and reach the 33% and touch the mandatory general offer.
But since they have propose exemption from the obligation to undertake a mandatory take-over offer, there is no issue such as PRIVATIZATION.

Posted by Eric Fong > 2016-11-16 01:56 | Report Abuse

All investors please carefully read the Multiple Proposals Announcement notes that can be download from BURSA MALAYSIA.
There are a lots of useful information regarding the company they acquisite, what landbank L&G will hold after the acquisition, how much the price,
how the right issue work, about the relationship in L&G and Mayland, their future prospect for the acquisition, etc....

Posted by red_85 > 2016-11-16 02:00 | Report Abuse

ggmu

Posted by lkoky > 2016-11-16 08:13 | Report Abuse

Just had look at the annoucement.

Total cost of purchase RM33

Total land size acquired 446 acres
Land total market value is 964m (by valuer),
Estimated GDV is 4,200m
estimated gross development profit of approximately RM1,931.78m.

Posted by lkoky > 2016-11-16 09:21 | Report Abuse

http://klse.i3investor.com/blogs/Land%20%20General/108912.jsp

Posted by Jay > 2016-11-16 09:26 | Report Abuse

just to point out some of the important points (in fine print) most people ignore.

1. most of the companies acquired are currently loss making (including those with on-going development projects), reasons unknown
2. RM4.2b GDV is misleading. 2 of the companies or about RM1.8b GDV is 45% associate stake and one of the plot is almost fully developed anyway. the rest is still not starting anytime soon.
3. same for land value, if excluding Plot A and take Plot B and Rawang at 45%, total market value is closer to RM550m
4. acquisition cost already exclude a compensation amount of RM40m which L&G has to bear in the future, so effective acquisition cost is more like RM380m instead of RM340m

not to say that the deal is not good, but just not as good as it seems on the surface once you dig into the details

Posted by Jay > 2016-11-16 09:30 | Report Abuse

and not to forget the massive rights issue. markets generally don't like huge amount of rights issue especially now property market is still soft.

Posted by cytew > 2016-11-16 09:44 | Report Abuse

The main purpose of right issue is to discourage the retailers to take up, so Mayland can increases its stake to above 50% at low cost, and they had done it before through LA right issue a few years ago

Posted by xcu843 > 2016-11-16 09:48 | Report Abuse

Susah liao, need to wait at least 1 yr to climb back.

Posted by tanhy123 > 2016-11-16 09:51 | Report Abuse

Seem like good deal, since the land price is by valuer, at least I don't think it is a scam by Mayland to rip L&G.

Posted by younginvestor92 > 2016-11-16 09:52 | Report Abuse

so weird....rich man asking for money..... i understand why the rich man is rich now...bcos he's kiam siap and selfish....

Posted by Jay > 2016-11-16 10:15 | Report Abuse

like kyy said, listed companies can print cash by issuing new shares. why tap your own pocket when you can print cash