Judging frm the weakening price support @ RM 0.205 tier, I don't think the company is going to do anything since L&G has just started launching their new projects and significant return can only be seen in about a year or more. Payment can only be collected from property buyers via progressive claims. Hence, during the initial construction stage (land clearance + hoarding work + foundation) that will takes at least 4 months, claim during this stage is insignificant.
Furthermore, L&G's cash flow is not doing well. It is not very convincing and any price pushing may not sustain.
i admire the down trend , every corner side stock is reverse gear , is normal for me , i accept what ever result , CRASH < CRISIS OR ARTIFICIAL FACIAL SHOW , I know in the end , it stand strength .
dark nite over bright day is coming , any bad should have a better for the changed , i confident in short period time , recovery to normal , this all over reaction , the worse is past , the good days is arrived .
I confident , this years , PROPERTY SECTOR BOOST UP , Worldwide all healthy , rapidly growth , wealthy is crowded , not reason property not moving , time BOOM is highly trace , L&G will TRIPLE UP , is fitted .
AS i mention , i will bulk in shopping again , while it is still LOW , today target 200000 million share tackle , i challenge the weak dispose to me , SORRY , is my group , ROSSA GROUP INTERNATIONAL LTD .
If the next quarterly p&l report is not helping in pushing the price up, I am afraid there will be a massive sell down by frustrated share holders who have been patiently awaiting for the counter to pick up over the past few mths.
Buying opportunity lies on L&G bedrock if the price were to go south before the end of the month. I am targeting between RM 0.175 and RM 0.180 should investors goes into selling frenzy.
Hehehe, if khatulistiwa don't keep posting messages in here, this chat room will be nothing to read. We should allow the right to express one's opinions without restraint :)
Use to trust this counter a few years ago, luckily quit last year. Today's results... EPS dropped, NTA dropped. Perhaps the only item increase most likely is the management expenses. Anyway, good luck to all as GE is coming and speculation play may able to push up prices.
It is an expected result. There are only 3 running projects, and two of them just launched. Seems like most revenue from Astoria, to me it is a surprise because that area is over supplied, but looks like not as bad I thought.
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....
Nobulshit
76 posts
Posted by Nobulshit > 2018-02-05 17:11 | Report Abuse
Judging frm the weakening price support @ RM 0.205 tier, I don't think the company is going to do anything since L&G has just started launching their new projects and significant return can only be seen in about a year or more. Payment can only be collected from property buyers via progressive claims. Hence, during the initial construction stage (land clearance + hoarding work + foundation) that will takes at least 4 months, claim during this stage is insignificant.
Furthermore, L&G's cash flow is not doing well. It is not very convincing and any price pushing may not sustain.