Privatisation is looking unlikely for now. L&G intends to become mid-sized property developer & "good" relations with our government is a must. Thus, listing in KLSE will continue.
Sephiroth L&G---Broke out from $0.395 on 02/12 with volumes and it is starting stage 2 of the cycle. Very Bullish and has an estimated target of $0.50.It is closing its Gap resistance at $0.44 now and strong resistance at $0.46.The upward momentum has slow down meaning some consolidation may take shape.Immediate support adjusts to $0.41/$0.395 (Resistance turns support). Any consolidation offer opportunity to purchase for future play.
according to public invest report (starbiz today), even on fully diluted basis, current share price only reflect PE of 5 times FY15 earnings which is undemanding
you can ask Winnie Chu of Mayland , why she collected 100 million units of LR( her average is 18 cents per unit of LA)during the trading period, and why she is able to get excess units of 37 millions of LA at 13 cents each ? and what is the main purpose of holding 40% of LA instead of mother share ?
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teor cheosoon
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Posted by teor cheosoon > 2013-12-10 14:27 | Report Abuse
yes, the quaterly result show that they has so much cash RM293m, buy buy buy