connie, don't be scaredy cat k, lock in sales and profit will be damn good, unbilled sales drop from 800m to 600m, l&g gonna recognised 200m revenue this quarter and net profit of 20m-30m
Yes i have read the news they have unbilled sales alot! can sustain for few years and my brother is a bank mortgage salesman and he also says that L&G is good and fast developer with quality.. i have been holding this counter since 49 cents.. never sold even 1 unit.. coz i just hear it so just bring it up.. well means its not true..
Connie, no i just heard only.. didnt bliff it or what.. so just ask ask hehe
Land and General Bhd sits on unbilled sales of about RM600m that will last the company through the next 15 months, said its managing director Low Gay Teck. On the outlook of the property market, L&G does not see a "glut" in residential properties. "Whether there is a glut, we don't think so; properties are always cyclical. Sales may slow down for a period, but the demand is still there," he added. He opined that the slowdown in sales is mainly due to buyers not able to obtain loans, but he does not think this is going to be a perpetual issue. (Financial Daily)
Source: CIMB Daybreak - 12 February 2014
L&G's recent terrific financial results are surely going to sustain for the next 1-2 years, and may continue its impressive growth with 2 new launches next year.
L&G's profit for the next 1-2 years is almost guaranteed with its strong unbilled sales of Elements & Foresta phase 1. Its future growth will depend on the success or failure of new projects in Ampang, Foresta phase 2 and Seremban.
coming coming...... normally 2 timing for announcement. either morning or late evening. if morning, results will be out same day, if evening, the 2nd day. correct me if I am wrong.... :)
Buy buy buy! Gonna buy tomorrow morning. Already have quite some lots but now I have extra confidence! Net asset value per share is 70 cents! Trading at only 51 cent now.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 792 views | 5 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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....
xcu843
1,043 posts
Posted by xcu843 > 2014-02-25 21:54 | Report Abuse
Sell and buy back immediately