天意?还是大意?小蚂蚁输了,share price drop again ,who can buy another 21 % to change the outcome ?hopefully can drop to below RM0.20 make the RI no value.i loss in this counter since the first day i bought it until now,the only thing can make me happy is can get 10% dividend.after 23 years i can earn back the capital and still hold the same amount of share.thank a lot to the major share holder.
damned , GOOD STOCK become BAD STOCK , just in moment , LET IT GO , I feel better life , not need suffer come out capital to feed them , in the end , empty return , BAD experience before appear in my mind , too cruel done .
Yesterday shareholders who attended egm oredy know wat to do. Knew one of shareholders got almost million shares of lg, he needs to come out dunno how much to buy.. pity him
Indicative RI is 21cents at EGM. For OR to worth 5cents, mother share should be trading 35cents prior to ex-date. Approved RI ratio is 8: 5. Calculation : (rm 0.35 x 5) + (rm 0.21x8) /13 = rm 0.263 (also predicted ex-date price). If u r holding mother share at 35cents, i think it is still safe.
The management may want to be seen to have reputation & integrity (anyone can dispute this) & not allow the OR to fall below 5 cents; then mother share could trade above 35 cents prior to ex-date.
I foresee Mayland will buy OR from open market as what they have done it in 2013 when Mayland bought about 100 million units of LR..the proposed right this time has the same purpose for Mayland.
Mayland no integrity only self serving by issuing LR (last time) & OR (2017). I need to manoeuvre myself so as to get profits from Mayland induced Mayhem. Wish all luck.
it is quite unfortunate that this happened - in the end, only around 20% of the total voted.
for those who are holding on, there may still be value - investwin's calc is correct, and there's also the special dividend to account for.
nevertheless, i have dispensed with my shares as i have less confidence in then management as i had before. until the whole issue as to what mayland is trying to do is clear, its too risky for my portfolio.
i m waiting at RM0.20,because i expect for 10 % dividend. i confidence this counter better than Fonic 0071.now was deleted from listing,i still hold 80,000 units.i think i will be very long life to collect 23 years dividend from LG.
34cents now and expect to have 4cents dividend this year, why not? Major share holders hold even more after RI, you think they will let the share price down? Everything is orchestrated by them, if you cannot see through, better don't touch any second liners.
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cytew
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Posted by cytew > 2017-03-15 22:04 | Report Abuse
yes, you can get lower price later