LAND & GENERAL BHD

KLSE (MYR): L&G (3174)

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Last Price

0.125

Today's Change

-0.005 (3.85%)

Day's Change

0.125 - 0.13

Trading Volume

463,800


32 people like this.

11,240 comment(s). Last comment by Faiza 6 days ago

jimboyz

200 posts

Posted by jimboyz > 2014-08-01 14:45 | Report Abuse

great comeback indeed.. hoping this to reach it's heydays of RM9/share.. lol.. a lil far fetched..

Ravi Kumar

3,628 posts

Posted by Ravi Kumar > 2014-08-01 14:48 | Report Abuse

Those days are gone where we were ill informed and not much internet trading.

Tigerbeer

390 posts

Posted by Tigerbeer > 2014-08-01 15:48 | Report Abuse

Calvin.. ask your remiser/dealer help you..

Johnnys

759 posts

Posted by Johnnys > 2014-08-01 15:50 | Report Abuse

May I know what is the conversion price? is 0.26 or 0.13?

johnte

192 posts

Posted by johnte > 2014-08-01 15:54 | Report Abuse

0.13

Lester

244 posts

Posted by Lester > 2014-08-01 16:07 | Report Abuse

What are these all conversion means? Can someone explain to me ? Thanks.

cherry tomato

1,880 posts

Posted by cherry tomato > 2014-08-01 16:11 | Report Abuse

Lester conversion is for L&G-LA holder.
If u got L&G-LA, u can convert to mother share by pay 0.13 per share. Of course need to fill in form (have it from L&G website) and follow the procedure.

cherry tomato

1,880 posts

Posted by cherry tomato > 2014-08-01 16:15 | Report Abuse

Now if you have L&G-LA that means you are advantage.
ie L&G-LA now 0.515 + 0.13 (conversion price) = 0.645, so your L&G are at discounted price(5.42%) because L&G now worth 0.68

Barbarian

939 posts

Posted by Barbarian > 2014-08-01 16:21 | Report Abuse

Pushing agajn

chloe_ts

229 posts

Posted by chloe_ts > 2014-08-01 16:42 | Report Abuse

Barbarian, waive 5 now?

Lester

244 posts

Posted by Lester > 2014-08-01 16:48 | Report Abuse

Thanks Cherry... how long it will takes for the conversion?

cherry tomato

1,880 posts

Posted by cherry tomato > 2014-08-01 16:51 | Report Abuse

Lester, conversion period not so sure.
have to check with sifu Sephiroth.

chloe_ts

229 posts

Posted by chloe_ts > 2014-08-01 16:51 | Report Abuse

Barbarian, thplant u still hold? gg @@

blueye

18 posts

Posted by blueye > 2014-08-01 17:02 | Report Abuse

it takes about 8 days.

Posted by Sundranair > 2014-08-01 17:05 |

Post removed.Why?

Lester

244 posts

Posted by Lester > 2014-08-01 17:06 | Report Abuse

8 days? hard to predict...

Posted by Sundranair > 2014-08-01 17:08 |

Post removed.Why?

blueye

18 posts

Posted by blueye > 2014-08-01 17:16 | Report Abuse

Lester, 8 days is for the conversion period. I can't and don't have the ability to predict market.

Lester

244 posts

Posted by Lester > 2014-08-01 17:29 | Report Abuse

LOL... so better con convert... Take cash safer..

repusez

125 posts

Posted by repusez > 2014-08-01 17:30 | Report Abuse

for L&G LA conversion price is rm 0.26 and maturity date is 5 years 24/9/2018, it was issued in 30/09/2013. the original issue price was rm 0.13 .

so to convert L&G-LA , need to add rm 0.26 + rm 0.515 = rm 0.775 (more than current share price)
or need to add rm 0.13 ?

i got info from http://www.land-general.com/pdf/212fbe75-3aa1-4b03-94e4-8a9303baa5ebProfile%20for%20Loan%20Stocks.pdf

xcu843

1,043 posts

Posted by xcu843 > 2014-08-01 17:33 | Report Abuse

Finally i dispose 50% on 0.68.

Posted by valueinvestor > 2014-08-01 17:41 | Report Abuse

Based on the conversion price of RM0.26 (“Conversion Price”), the ICULS may be converted into new L&G Shares in the following manner:

(i) by surrendering RM0.26 nominal value of ICULS for one (1) new L&G Share; or

(ii) by surrendering RM0.13 nominal value of ICULS together with cash such that in aggregate it amounts to RM0.26 for one (1) new L&G Share.

Effectively, the option (ii) means that you can surrender 1 ICUL (which has a nominal value of RM0.13) plus RM0.13 cash in exchange for 1 new L&G share.

vaentec

142 posts

Posted by vaentec > 2014-08-01 17:41 | Report Abuse

Am I the only nutcase that is still holding on? Bought at 0.43. :) I valued it at least 0.98 but then again the effect of dilution kicked in. Calculation becomes too complex..so..best thing to do. Nothing.

Posted by valueinvestor > 2014-08-01 17:45 | Report Abuse

This counter is worth much more if it can convert its existing Sri Damansara Club land into commercial land for mixed property development. If this happens, the share price may easily climb above RM1.0 :-)

Tigerbeer

390 posts

Posted by Tigerbeer > 2014-08-01 19:06 | Report Abuse

aiduh.. the conversion sometimes 3 weeks.. i also dont dare convert...

breadman

310 posts

Posted by breadman > 2014-08-01 19:11 | Report Abuse

Dun convert if you are day traders....for long term I dun see what u have to worry

Barbarian

939 posts

Posted by Barbarian > 2014-08-01 19:19 | Report Abuse

Convert only if you are planning to keep long like for dividen and beyond , for bonus and etc that may come along

Barbarian

939 posts

Posted by Barbarian > 2014-08-01 19:31 | Report Abuse

Saturn, Rehda agrees with you.... Kekekeke

http://www.nst.com.my/node/19012

Barbarian

939 posts

Posted by Barbarian > 2014-08-01 20:31 | Report Abuse

Chloe_ts, missed your earlier post, in my system it is Wave B ady. I m still holding Thplant and waiting for next cycle of uptrend. Futures show good and the diff is only few cents down and as long as less than 4% fluctuation! I don't think I am too concern. It's now my only plantation stock....kekekeke

Posted by spaghetti932 > 2014-08-01 21:20 | Report Abuse

what will be the impact for those who plan to buy in at this current price? will the convert things pull the price drop?

chloe_ts

229 posts

Posted by chloe_ts > 2014-08-02 11:53 | Report Abuse

Thx barbarian, let's go dim sum as planned after sold. will you top up again at wave c?
I think plantation play will come out sooner or year ended, but http://klse.i3investor.com/blogs/kianweiaritcles/56921.jsp give "sell " rating . -.-

sephiroth

14,131 posts

Posted by sephiroth > 2014-08-02 11:55 | Report Abuse

I have successfully converted loan stocks to ordinary shares, only takes 7-8 working days aka 1 1/2 week, at 0.515, u immediately realised a 3 sen profit on top of 2 sen dividend, most ppl will rush to convert in sept after agm announce div exdate

chloe_ts

229 posts

Posted by chloe_ts > 2014-08-02 12:02 | Report Abuse

spaghetti, yes it will. Short term LA holder will convert to mother share and sell to the market, to earn arbitrage. But long term investor will hold for dividend/ company prospect is good. Too much shares will dilute the EPS too, and PE higher, so far got 18% LA being converted, there's more to come this month. :) 2 cents only ha.

majid

1 posts

Posted by majid > 2014-08-02 12:08 | Report Abuse

Can Saturny and Barbarian stop talking? They don't know what the heck they are talking about. Only few really know what they are talking about like chloe-ts, sephiroth, valueinvestor.

YOLOOOO

1,676 posts

Posted by YOLOOOO > 2014-08-02 13:11 | Report Abuse

Haters gonna hate

steady

649 posts

Posted by steady > 2014-08-02 14:24 | Report Abuse

profit taking next week.

Posted by spaghetti932 > 2014-08-02 14:32 | Report Abuse

thanks alot , chole_ts

beso

2,137 posts

Posted by beso > 2014-08-02 15:50 | Report Abuse

many already taken profit, me too

Barbarian

939 posts

Posted by Barbarian > 2014-08-02 15:51 | Report Abuse

Kekekekeke.....

Barbarian

939 posts

Posted by Barbarian > 2014-08-02 15:55 | Report Abuse

Chloe_ts, they give sell rating means down wave, so investors will collect on down.

johnte

192 posts

Posted by johnte > 2014-08-02 16:06 | Report Abuse

who short term want take profit pls fast, when u sell others can get cheap share since pe still low. advise sell 50% of your current, the rest keep for mid term. hopefully push down the price can buy again.

Joel

4,580 posts

Posted by Joel > 2014-08-02 20:57 | Report Abuse

(摘至十面埋伏)

1. 计划在未来1年,推出发展总值(GDV)达20亿令吉的产业计划。
预估可以在明年首季推出3项产业计划,包括:

~ 第二期的白沙罗Foresta
~ 安邦路接近 The Elements@安邦的服务式公寓
~ 森州的Tuanku Jaafar度假村式住宅

安邦路的地段,是今年以1850万令吉收购的,将发展4栋共1000单位的服务式公寓,发展总值为8亿令吉。

第二期的白沙罗Foresta连同森州的Tuanku Jaafar度假村式住宅,发展总值为12亿令吉。

2. 计划脱售澳洲墨尔本的Hidden Valley发展项目

基于澳洲高昂的营运成本,这项计划并没有为置地通用带来贡献,在完成剩余的900独立式单位后,将会找买家接手。

3. 希望不可赎回可转换无担保债券持有人如数转换为母股
4. 在2015年年底,将市值从2014年7月11日的3亿7916万令吉现提高至5亿令吉
5. 计划在越南买地
6. 派发红股

roberthan

22 posts

Posted by roberthan > 2014-08-03 21:15 | Report Abuse

tomolo wil reach 70 cents

tallman

921 posts

Posted by tallman > 2014-08-04 00:06 | Report Abuse

0.675 is good closed. It will break 0.70 soon.

dell6400

26 posts

Posted by dell6400 > 2014-08-04 08:00 | Report Abuse

Positive news....

Nallayak

928 posts

Posted by Nallayak > 2014-08-04 08:41 | Report Abuse

young man must be more aggressive so that will be reflected in shr price

breadman

310 posts

Posted by breadman > 2014-08-04 09:21 | Report Abuse

too many blockage at 0.695...Grr~~

Posted by 沧海桑田 > 2014-08-04 10:13 | Report Abuse

but stil nt bad wah...all trades r testing 2 break-out 0.70

sephiroth

14,131 posts

Posted by sephiroth > 2014-08-04 10:37 | Report Abuse

touch new high 0.70 today unseated the prev high 0.69, no more 0.6X by tomorrow

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