Is the Company really great? Since when Shareholders were rewarded. Cash position greater than Share Capital - in Mfg biz or more to cash accumulation to earn shitty interest income.
Icon8888 aka iphone 6 user, yr msg was truncated not readable earlier. Now back to normal. BTW stick to the forum objective, sharing infor. to make money.
Investors , big or small help to determine the TP. Rewarding Shareholders thr. Divd helps in the perception of the Company. Cld not understand those mgmt. jokers why the cannot see this side of the view - declared 10% divd or 2 sen will only cost the Company only RM7.2millions. To the investor buying in @RM0.34 gets a return of 5.88%. Tell me if the TP will not move.
Frm my experience most Singaporean Chinese (major) owned companies listed in Bursa think the same - keep cash. Look at Keck Seng, what is the difference.
May be some one should start promoting the company to push up the price. Or we shareholders pressure the management to pay dividend to reward the shareholders.
So stingy really STINGY...LCTH has been some profits for almost 2 yrs BUT they still don reward shareholders with dividend...I won't hold tis kind of lousy company with whole bunch of stingy management...It is a crying SELLLLLL for me!!!! It is worthless to hold tis stock...
patient. they do have dividend track record in the past when there are profitable. If the profit is consistent in the next few quarter, dividend will be back.
Post restructuring, yes dividend. Company restructured in 2008, shitty deal- bonus, capital reduction and then re-consolidation. FY 2009 last dividend paid 1.78 sen. Since then bad biz for a couple of years and we accepted the no dividend deal. But now sufficient cash (asset sales/Biz profit) and back on track and for the past two years, still saying the Company need to preserve cash for new biz. My number still stand @10% dividend or 2 sen the impact on the cash position is only RM7.2 million. My guess they hold back to support the S'pore division.
It is coming. The major shareholder should have take the company private so as to be able to use all the cash of 100 Million (privatisation of 30% not owned by them may be only 50 Million if based on 50 sen per share.
latest 4QFY14 is a very healthy q result, i think such earning is sustainable in FY2015 due to the following reason
1. MYR weaken against most asia currency including china RMB and HK $ 2. mostly export, minimal impact from GST 3. higher margin product 4. cost cutting result in higher profit 5. new plant/property should start contribute to higher revenue going forward
i need 1 more Q result to further confirm that
assuming Q4 FY14 result will maintain or higher in fY15, projected FY15 EPS will be 1.65c * 4 = 6.6c ! Current price 0.365, Projected PE for FY15 = 0.365 / 1.65c = 5.5 !
Given that most penny stock wif healthy balance sheet n strong earning , avg PE 10 or higher, so my target price for LCTH in 2015 will be 6.6c * 10 PE = RM0.66 grin emoticon
giv it some discount, should hav difficulty to achieve 0.45-0.50
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....
Vic Lee
137 posts
Posted by Vic Lee > 2015-02-27 17:36 | Report Abuse
supperb good quarter results :)