As u can see fm d light volumes done today it really means tat LCTH is already a cornered stock...It means tat there is limited supply of LCTH stocks available among investors...FU YU investment owns more than 70% of LCTH so if the directors want more of LCTH stocks they must ramp up the price...It might skyrockets anytime soon if directors are buying fm d limited of supply fm US!!! TP 0.35-0.40 can easily be reached...
It is clearly seen tat LCTH's Directors are acquiring LCTH shares quietly today...Next week will test new high with more aggressive buying...LCTH is finally turning around...
come on do you think tat they are making losses...They are profitable but dun wanna released to public also possible right...their 2013 annual report stated optimistically tat demands for plastic moulded products are picking up...I am very confident the worst is over for LCTH and its share price will strike 0.50 by next year and resume paying dividends...Dun forget we are now in BULL MARKET phase...Anything can happen!!!
Agreed. Most existing LCTH shareholders' confidence is built upon the following facts:
1. LCTH FY2013 profit = 4.39 cents per share and NTA = RM 0.48 per share. 2. LCTH has > RM100 mil net cash or about 30 cents per share 3. Fu Yu Investment Pte Ltd holds 254,295,643 shares of LCTH or 70.64%. 4. Fu Yu Corporation Limited (FYC), which is listed on the Singapore Exchange Securities Trading Limited, that Mr Ng Hock Ching (the Offeror) has on 3 March 2014 made an offer announcement on a voluntary conditional cash partial offer (the “Offer Announcement”) to acquire approximately 10.3% of the total number of issued ordinary shares in the capital of FYC 5. All existing LCTH shareholders have just received the 2003 hard-copy Annual Report.
And my posting dated back Nov 2013 as follows:
Posted by bugle > Nov 20, 2013 10:58 AM | Report Abuse X
With the improved earning and huge cash pile, I see this counter has the potential to shoot up to 30 in near term. About 135 shareholders control > 90%... I believe most of these 135 cost of investment are rather higher than the current price. In the good old time, the price went to as high as 1. In bad time, last 2-3 years, the price dropped to as low as 0.11. How many of you bought it at prices < 0.15? I guess very few, as the traded volume during that time was very small. Even at 22 cents, not much of the shares are in the hand of minorities. In other words, those who have been holding LCTH for long time, especially the one with higher cost, definitely would not be happy to see the price in the region of 20, 30, and perhaps 40 and so on. The company now managed to turn its business back to profit making entity. And with positive outlook, I believe shareholders and nonshareholders will now pay more attention on it. In short, the price has gone up, and it will go up some more. How high it will go? It depends on us! Good luck!
well said bugle...2 yrs ago i was very pessimistic with LCTH as it posted continuous annual losses until they found a way to stop the bleeding tat's by asset disposal to right-size the company...After tat i thought it might get worse as revenues might fall sharply with tis disposal exercise...BUT when i read its 2013 annual report my heart is filled with hope and optimism as every words of the directors statement indicates optimism and TURNAROUND as "developed countries such as US, Europes and Australia are turning back to Malaysia as a low cost base for plastic business...Doing business in China is getting more expensive tat's why they are turning back to us as low cost producer...It augurs well for LCTH as demand and orders are expected to pick up aggresively and rapidly...Bro, it is like a business cycle...We ve seen the downside of tis industry and now we are beginning to see upside soon...Just look at VS Industry for indicaton...VS financial results are posting new high due to robust earnings in plastic precision business...LCTH is totally debt free and they are building new factory in JB...One thing for sure IT IS VERY VERY EASY FOR DIRECTORS TO RAMP UP LCTH'S SHARE PRICE AS THEY ARE HOLDING UP TO 70.6%...ANOTHER 5.35% HELD BY LEMBAGA TABUNG HAJI which i dun think they will dispose for fun...SO PUBLIC SPREAD IS ONLY 24% and not many are willing to sell cheap as their entry price was quite high...And now NG Hock Ching announced wanna acquire 10.3% of fuyu Investment which has 70.6 stake in LCTH...Isn't tat pointed tat they begin to see value in LCTH and FUYU as well??? I 100% believe LCTH's earnings will be robust again just like last time and start to pay hefty dividend againnnnn....I ve a target price of 0.50 for LCTH in 2 yrs time as they are returning to the black....
SHHHHHHHHHHHHHHHHH ..... SHHHHHHHHHHHHHHHHHH ..... time to go to sleep .... 12:20 am alredi .... SHHHHHHHHHHHHHHHHHHHHH .... ppl make money must quiet quiet wan ... must be humble humble like ... me. SHHHHHHHHH dun tell anyone hor ... dun forget to donate donate to school hor especially all those school goverment dun wan help one. Nighty night ... go ong ong liaw ... zzzzzzzzzzzzzzzzzzzzzz ZZZZZZZZZZZZZZZZZZZZZZZZZZZ
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....
Yk John
2,699 posts
Posted by Yk John > 2014-04-15 22:33 | Report Abuse
Dun miss the boat