Thank you to sifu Saturn....I guess the only difference this time around is they throw in the 2cents dividend....among all the sifu in i3, we have one for short term, one for long term and one a visionaire.....
I'm confidence in property market, and our expectation is the property market will continue to be peak before the GST implementation.
Even though the GST does not impose on property purchaser, but we should not forget that the material costs, the labor costs,... are subject to GST, and these will raise the developers' cost. The developers, they either reduce the unit to small size, or increase the houses amounts, or raise the price.
Therefore, the best solution is to buy before GST. What do you think?
Great performance although the profit per share is quite flat but the NTA increased quite a lot + dividend >3% base on present price. Let see how the market response to it.
Posted by scjm > May 28, 2014 03:03 PM | Report Abuse
good afternoon connie sayang. for those who are holding l & g and wondering about its prevailing situation i would just like to say a few words on it. i guess it would be comforting to know. come back later, may i venture to say 10 to 14 trading days thereafter, to see it resumes the journey to its final destination at 65. in the meanwhile, envisage to be trading within the price range of 52.5 to 57; a very strong support level at 54/54.5
Linabee they are different play. EnO is played reverse because the PE is high and awaiting the approval to re- rate, while L&G is close to Tropicana. Very similar to Tropicana except that Chiu family can be better trusted and don't run the company like Danny with all his children. I believe Low Gay Teck has a more free hand and getting a lot into place hence the 3 3 3 is achieved. I will be very worried if dividend is not given and the MD also not proven. Here Low has shown since 2008 how he brought the company up
Today's volume is so high. 18 million. Surge in volume coupled with surge in price. Very bullish sign. Note that I have featured this company in my website a while ago. Just didn't expect they would issue dividend.http://www.savwee.com/case-studies/land-general-bhd-3174
there was some higher volume transaction near closing at 0.57 tho, (i bought my very little unit that time, haha) i wasnt paying attention during that time..
however... vaentec and timl, when they pulled back the q (cancelled the order).. what does it mean ?
"Yet to be unveiled, this upcoming project will be located on 5.7 acres (2.3 hectares) of land, situated right next to The Elements in Jalan Ampang. “This project is our new serviced apartment consisting of about 1,000 units with four 45-storey towers. We will be incorporating four acres of greenery and in-house facilities to promote a healthy lifestyle for our residents,” shared Low.
In the pipelines are plans for another 2 projects, Foresta Phase 2 and Tunku Jaafar Resort Home that are targeted to launch within the next 12 months.
L&G also has future plans to develop more projects in the Klang Valley."
The intention for the board to declare 2sen dividend mainly asking those who hold their LA to convert to mother share. So that the money can be use for future development and can improve their cashflow position. That y we can see today mother share was so hot.
Those who plan to sell better do it when it is hot. But for those wanted to hold must see whether how far he can go. For me my target price for L&g is rm0.60. I already sold 70% & remaining will l see how the trend move.
solid than rock fundamental , dji proof, worldcup proof, moat, undervalue, everything lah .. easily $1.00 by 2015 with current growth rates .... i have faith small yet beautiful growth stock ...
year 2014-2015 exciting year and reward reaping year for L&G after all these year .. uptrending and inbound to $1.00 .. according to previous research: NTA: 0.700, 2 dividend @ 0.570? with unbilled $600m sales and , cash $177m ... a screaming buy buy buy! can sleep at night so soundly without fear of mosquitos!
Edwin, you have to think seriously if you want to convert LA to mother share. The par for LA is 13c and you need 2,000 LA to convert into 1,000 L&G. Hv checked this from bursa. my 2cts. A bit confusing if you look at Star business, they put it as 26c as conversion.
yes, you get RM 25 free per 1000LA converted,if price remain unchange when you receive your mother shares within 2 to 3 weeks, you can sell them to take profit and buy La again and convert into mother shares for 2nd round,3rd round etc, this process is called "arbitraging" in financial term.
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Posted by Barbarian > 2014-05-28 18:53 | Report Abuse
Thank you to sifu Saturn....I guess the only difference this time around is they throw in the 2cents dividend....among all the sifu in i3, we have one for short term, one for long term and one a visionaire.....