So brothers, what becomes of the market cap of this company upon rights issue? It should increase, no? At a ratio of 8/5...yes?
To me the management is simply not forthcoming enough. They could be good/bad, but they just can't be damned enough to be clear with their shareholders.
Yes cheap sale, likely there should be 2 share dividends this year, 1 interim dividend of 2sen after the rights issue and probably a final dividend after the annual report/AGM period before end of this year !
Today ex-date for RI. That's why it drops. I think can hold above 24cent based on current euphoria on penny stocks. Could go higher if current penny stocks euphoria continue for another month( which is likely) since L&G still pay dividend. A lot of penny stocks, no dividend also play up.
L&G Mgmt are not that bad. They still pay dividend. A lot of stocks eg Mulpha, etc makes profits but never pay dividends for years. Don't understand where all their profits gone.
Ok just done bought some test test water at 0.245 lvl:) the trend btwn 0.25-0.35 for few times happen within last year so I do believe will recover soon with special dividend n companies purchase news etc^^
Can buy this stock ? I heard lot of negative comments on this counter, saying the boss is not so good.. the Stock can still drop below 0.20.. any comments ???
Klci oledi up 200 point from 1,530 as at Aug 2015. US is on its great bull run and keep on making history new high. Then this counter is very funny, still everyday looking for its new low!
Ryan,i think you are new in this counter,i was trapped for years,i bought from 54 cents till 40cents,luckily no more extra money,otherwise will buy till 24.5 cents,this is a very good counter,but the company slogan like Econsave," every day low price ",so very difficult to up,the directors scare to lose the customer,daily provide good price.
Alamak: this stock is in my watchlist for long time..I understand the feeling of stuck just that what I can said is timing problem not about the company background..eg last time I stuck at iris (0.3 above) n mpay (0.28 above) all cut lose..if how about I invest on last year or this year?shit load of money both fly from 0.1 to 0.2 above (Iris 0.11 to 0.18, mpay 0.18 -0.26) so wat can said is timing..get the right time to cut n right time to revenge on the same shares..
genius ryan. But how to know, when is the right time. Nobody knows how stocks will behave → up or down? If people can predict about share price, then that person oredi bcome super Kaya lah.
Haha of cos hv to judge by our own lo there is no way we can predict..is depend how much lose u willing to cut if don't dare then don't blame when see ppl who bought athis the right tine..cos I been listen a lot from those old time ppl buy n keep don't see it but doesn't work at certain shares (unless u buy blue chip or strong potential share)..
Several weeks ago, the company had declared a special interim dividend of 2 sen per ordinary share in respect of financial year ending 31 March 2017. The company has yet to announce the entitlement and payment dates.
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Posted by nikicheong > 2017-04-11 21:25 | Report Abuse
So brothers, what becomes of the market cap of this company upon rights issue? It should increase, no? At a ratio of 8/5...yes?
To me the management is simply not forthcoming enough. They could be good/bad, but they just can't be damned enough to be clear with their shareholders.