melewar, mycron, ssteel all negative report and the price fall only 1~2 cents, see how this cat perform tomorrow. it always has to share the lost from parkson.
Negative is expected anyway, but the negative must not be a big nos. If the minus is smaller than last qtrs. then this sick cat is recovering from convic-19. cheers.....
Quarterly rpt on consolidated results for the financial period ended 31 Mar 2020 LION INDUSTRIES CORPORATION BERHAD
INDIVIDUAL PERIOD CURRENT YEAR QUARTER 31 Mar 2020 (RM) Revenue : 555,193,000 Profit/(loss) before tax : -55,788,000 Profit/(loss) for the period : -56,709,000 Profit/(loss) attributable to ordinary equity holders of the parent : -57,871,000 Basic earnings/(loss) per share (Subunit) : -8.50
Strong accumulation at 0.24 - 0.25, bad qr result but the price still up, may go up ltr or soon. money flowing out from glove counters, where will they go to? steel counter is one of the sector that yet to be goreng. Hopefully i am correct.
This Lion is a very funny company. Keep losing money every quarters, but keep buying assets and expanding. They bought another steel flat bars company last year and recently extended their business in China. What the heck they're trying to do ?? Gearing up their power and give a powerful strike at the end ?? Nothing is fancy about their financially highlight.
Steel counters will be next theme to play. I had collected tonnes of lionind, masteel & mycron last two weeks. I predict steel counters will start to goreng up by tomolo...better watch out
Wow, Amazing ! Dow Jones closed at=> 26,269.89 (+527.24) (+2.05%) ! World economy reopen and now is the start of the world bullish market including Malaysia !
Coz steel price is spike up right now, further with our economy & world economy now is back in operation, the iron & steel demand will also be more than double or triple than before ! So, previously when steel price spike up, Lionind’s share price also spike up to close to RM2.00 Now, it’s just 0.26 nia, very damn undervalue right now !
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LION INDUSTRIES CORPORATION BERHAD ("LICB" OR THE "COMPANY") Proposed disposal by Amsteel Mills Sdn Bhd, a 99% owned subsidiary of the Company, of the hot-briquetted iron ("HBI") plant and business in Labuan by disposing of the entire 100% equity interest in Antara Steel Mills Sdn Bhd ("Antara") for a cash consideration of USD128.00 million (equivalent to RM546.56 million)
Walaoeh, what happend? Why share price suddenly spike up? Economy start booming & now is the steel theme after the glove theme? Like that today or tommorrow break above 0.50 or 0.80 is no problem already lah ! T.p by end of Sept 2020=> break above RM1.00 T.p by end of Dec 2020=> break above RM2.00
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....
khatulistiwa1234
46,261 posts
Posted by khatulistiwa1234 > 2020-05-29 17:30 | Report Abuse
DROP is my next high prediction , GOD MAKE SUCH CRAZY CLIMATE just to track all of you , still crazy gambling .