My take is that this stock lacks visibility in earnings on a longer period. The company is trying to increase its land bank and create some stability in investment income.When all is done, who know what will happen? maybe like another Dijacor
mathematically, there is no arbitrate gain. Any gain should come from share price movements after ex. of course, the bet is here that the share price will inch up after ex or the ICULS will trade at a premium to the share price after considering the conversion value.
WK Chong, if you bought at 46 cents before ex.,the mother share will ex at 39 cents, mathematically , LR will trade at 13 cents,there will be an arbitrate gain of 6 cents immediately after ex, but how ever this arbitrate gain will soon be erased by market downward force on both LR and Mother share, most probably both of them will reach an equilibrium at where LR is trading at 10 cents ,while mother share is trading at 36 cents, we just wait and see.
That's good point and the reason comment is here. I like their project and cash flow but i don't like that there are many unit trust funds inside L&G top 30 shareholders. This is my opinion and feeling.
Hjey UT fund need to give Dividend to the unit holders yearly, so depending on the dividend they invest in counter like L & G. I don't think they can perform... thus i believe they have confident on LG share capital appreciation rather than dividend only..what do u think??
With many UT funds in L&G, the funds manager will made or loss money from small price movement, i.e 0.005 or 0.01.
For retail investor, we're like a deer trapped in a fight between two tigers. I won't make money from small price movement. And I will bored to death if the price move between 0.47 and 0.48, for 1 year or even more. In this case, it's better to put money in FD for 1 year.
I don't know ICULS but if cytew is right, then I will really confirm bored to maximum death
You're right, Kahfiehlai. I also believe L&G can grow. If not, I won't bother to ask question. Why I believe in L&G?
I take three annual reports 2012 (L&G, LBS & Huayang). This is my preference in determining a stock value. I can be extremely wrong and bias on this subject. I'm not expert at all.
(RM'000)
L&G Revenue 130,799 Profit before tax 43,499 (33%) Profit after tax 33,120 (25%) Cash in hand 122,802
LBS Revenue 531,820 Profit before tax 65,056 (12%) Profit after tax 37,160 (7%) Cash in hand 19,957
HuaYang Revenue 306,412 Profit before tax 72,503 (24%) Profit after tax 53,435 (17%) Cash in hand 25,161
I like profit margin of L&G and its fat piggy bank balance. Let me declare, I bought HuaYang last year and made money this year. I never buy LBS.
I'm considering L&G because I feel it's undervalued but I may buy it next year after ICULS and UT done their things.
I wish I can read mind and future, then I sure go "maximum pow kao kao" toto, magnum, kuda. Unfortunately, I can't.
Anything can happen, including privatisation. I know there is a trigger for privatisation. 30% something in shareholding, I'm not sure. There is a form to be completed by major shareholders, whenever they increase or reduce their stake.
I am holding a stock that bored me to death. It's almost 2 years and the price still same as the day I bought it. One is enough, two can turned me into zombie.
Renounceable rights issue of RM77,779,589 nominal value of five (5)-year, 1%, irredeemable convertible unsecured loan stocks (ICULS) at 100% of the nominal value of RM0.13 each on the basis of RM0.13 nominal value of the ICULS for every one (1) existing ordinary share of RM0.20 each in Land & General Berhad (L&G) (L&G Share(s) or Share(s)) held at 5.00 p.m. on 29 August 2013
Dispatch Date: 02/09/2013 Trading of Rights Start On: 30/08/2013 Trading of Rights End On: 06/09/2013 Stock Par Value:
Last Day and Time for: - Sale of Provisional Allotment of Right: 05/09/2013 05:00 PM - Transfer of Provisional Allotment of Right: 10/09/2013 04:00 PM - Acceptance and Payment: 13/09/2013 05:00 PM - Excess Share Application and Payment: 13/09/2013 05:00 PM
Posted by smartguy > Aug 6, 2013 02:16 PM | Report Abuse
0.48 is just an example. No matter you buy at what price level, as long as you buy and hold until Ex date, 6 sen is confirmed earn!
Dear Smartguy, I bit doubt on the LG-LR. Is the following options correct..Please advise. 1. I can sell the Right entitlement at market between 30/08/13 to 06/09/13.(Theoritical price is 0.13) 2. If i do not sell, do i need to pay for the ICULs.?
sorry, I'm newbie to this, currently holding L&G, is that means starting from 30/08 i able to buy the ICULS? how the trading is done? need to fill in form or done in the eBroking website?
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Posted by prudentinvestor > 2013-08-01 16:01 | Report Abuse
Accumulation of L&G shares certainly taking place.