With this price, you cannot get. Keep for dividend and the price can go up easily. Cash rich counter....no other stock can vompare with the dividend....go...go...go...
EX-date 04 Oct 2018 Entitlement date 08 Oct 2018 Entitlement time 05:00 PM Entitlement subject Final Dividend Entitlement description Single Tier Final Dividend of 1.5 sen per ordinary share Period of interest payment to Financial Year End 31 Mar 2018 Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement Registrar or Service Provider name, address, telephone no SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301Petaling Jaya Tel:0378490777 Fax:0378418151 Payment date 26 Oct 2018
Over supply condo units every corner of the country,our taiko said rich foreigners cannot buy ,those bought wouldn't be given entry permit to stay in .Most of us aldy own house.To whom to sell?For time being prop company heading hard time,share price hard to move............
Pity those con kaukau. Share price cheap doesn't mean cannot or drop more in % bec L&G issued too many shares ie 2.973 billion shares. Might be 10 sen lowest?
Mr Toriq,sure or not ,dont bring us to Holland....this is a son of bitch counter,I have been hold itr for two years already,always though it could fly to at least 0.30
The Chiu family started to acquire this stock since 2012. Since 2014, this company gives out 2 cents dividend. After the rights issue in 2017, the dividend is 1.5 cents. The company has relatively very high profit margin i.e. between 23% to 120% since 2009. There's no reason for it to fall any further except market speculation.
No stock will rise or fall forever. Stable stock like this needs years to change trend. It's in downtrend for 4 years after 3 years of uptrend. It should go back up anytime now.
You held this stock since 2016. Let's say you bought it at RM 0.395 in August 2016. You enjoyed total dividend of 4 cents before the rights issue in 2017 which brought your cost down to 0.355. If you exercised the 8:5 rights issue, your cost is reduced to RM 0.229. In 2018, you received 1.5 cents dividend, which reduce your cost to RM 0.214. You can hold your stock until RM 0.215 to break even. It will definitely be more than RM 0.215 before July 2019.
There are other more volatile stocks that you can possibly gain higher profit or suffer greater loss in a shorter period. But they give lower dividend, have lower profit margin and are more risky. In the end, it's up to you and your risk appetite.
Agree with you on its bad performance. L&G 1Q and 2Q performances were highly affected by the management decision to put on hold on some of it Klang Valley property launches given the challenging property market outlook at the moment. Previously investors were hoping that these launches would help improve earnings visibility for FY19 to FY21. Investors need to be prepared for low earnings in the short and mid terms at least until there is a more clearer picture on the timeline of new project launches.
The company has a very strong balance sheet. Net cash is at RM170 mil representing 40% of the company’s market cap. But the biggest values lie in the company land bank of which most is still being valued at cost of acquisition. An example is the 14 hectares freehold land in Sri Damansara which is currently being valued at only RM3.6mi. The land could easily be value at more than RM400mil. The NTA of the company can easily be double from the current 35sens per share to around 70 sens. At the current share price, the company is only being valued at 0.2x PB.
That being said, it might be a while before the value can be unlock as the management would probably prefer to developed the land rather than selling it to another party. Given the current dimmed property market outlook, any new launches might only take place in 2020 the earliest.
The company has been steadily paying dividend of 1.5 sen to 2 sens every year since FY14. Not sure if the company will pay any dividend for FY19 given the tepid performance expected for the full year. They do however have the cash if management decides to pay.
If you are looking to diversify your portfolio outside of the property industry (due to earnings uncertainty), I would recommend you to look at MBMR.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.5x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.
For FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.
27 Nov Land & General appoints new director 19 Nov Do not let high yield confuse you 13 Sep 无惧销售缓慢 置地通用明年推3项目 13 Sep 置地通用明年拟推3项目.发展总值42亿 12 Sep FGV, Sapura Energy, Unisem, Sunway, MyEG, Pasukhas, Vertice, Land & General... 12 Sep L&G plans to launch three projects in the Klang Valley worth RM4.2b next... 10 Sep 时局变革.准备就绪.置地通用攫新商机 29 Aug 延迟推新项目.置地通用财测大砍
Major shareholder entered at 13.5 cents, which could form a technical support. As suggested above, the landbank at Sri Damansara already worth more than market capitalization, really under valued.
Without unlocking the value of landbank, the company has to bear the holding cost. When is the next property boom? When can the direction of development be changed to the north, Lembah Beringin??? Talking of value of landbank is talking cock at the moment. :)))
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....
Frankie Tay
78 posts
Posted by Frankie Tay > 2018-09-19 21:46 | Report Abuse
best selected stock of KLSE