Good sharing, Tanhy. Actually L&G does bought into a piece of land in Shah Alam during the first quarter in 2017. However, that should not have affected the operation cash flow but investment cash flow.
Just take SP Setia for example, they have just completed their purchase into I&P company for a total of MYR 3.5 billion as of late last year. However, SP Setia still maintain a healthy operation cash flow in 2017 despite the large acquisition of land bank.
Thank you for clearing things up, Tan and Nafisah! I am targeting a price below RM 0.200. Hopefully the price will come down soon before the P&L announcement. Ka-ching!!
Just wishful thinking, James! Still, you can't stop one from dreaming right? Furthermore, the price has dropped for more than 45% since 3 years ago and it is at an all time low of RM 0.205. Can't see the reason why the price won't go down any further.
I think the management of this company will support the price at current level. Even if the company lose money in coming report, they will still use the accounting tricks to beautify it. On the other hand, if we know that is their baseline, probably a small investor should follow instead of go against them.
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 :)
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Nafisah Shamsuddin
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Posted by Nafisah Shamsuddin > 2018-02-04 22:57 | Report Abuse
Good sharing, Tanhy. Actually L&G does bought into a piece of land in Shah Alam during the first quarter in 2017. However, that should not have affected the operation cash flow but investment cash flow.
Just take SP Setia for example, they have just completed their purchase into I&P company for a total of MYR 3.5 billion as of late last year. However, SP Setia still maintain a healthy operation cash flow in 2017 despite the large acquisition of land bank.