PROPOSED ACQUISITION OF A PARCEL OF LEASEHOLD COMMERCIAL LAND HELD UNDER PAJAKAN NEGERI 117584, LOT 5240, PEKAN DESA PUCHONG, DAERAH PETALING, NEGERI SELANGOR MEASURING APPROXIMATELY 14,366.353 SQUARE METRES IN AREA FROM HARTANAH IDAMAN (M) SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM68,040,720.00 (THE ACQUISITION)
L&G planned to redevelop the site for more than five years to unlock its potential value as the clubhouse sits on a prime piece of commercial land.
Analysts have said previously that the redevelopment of the clubhouse land is set to fetch lucrative returns given its low land cost at RM2.40 per square ft.
former club house converted to land for developement, that is why cheap cheap the land price easily fetch 200 to 300 persf, in matured township and walkin distance to mrt
Should still make at least 0.7 to 0.8 sen a share this financial year, so still able to pay 0.5 sen a share in dividend. Investors at least have some returns from their investments.
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prudentinvestor
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Posted by prudentinvestor > 2022-07-24 11:17 | Report Abuse
NTA is 37 sen a share. No much room to go lower. A one sen rise is good enough if you invest 10k.