But I'm still in it, since heavy purchase volume by directors in the open market, more often than not, it's a good sign. Well, at least that's what I hope.
Well, dividend pay out actually will affect the warrant. If the dividend pay out is massive, the mother share will adjust accordingly, and that means, warrant price will go down too.
DISPOSAL BY DRAGON HILL CORPORATION LIMITED, A WHOLLY-OWNED SUBSIDIARY OF INTELLPLACE HOLDINGS LIMITED, WHICH IS IN TURN A WHOLLY-OWNED SUBSIDIARY OF LBS, TO JIUZHOU TOURISM PROPERTY COMPANY LIMITED (FORMERLY KNOWN AS JIUZHOU TECHNOLOGY COMPANY LIMITED), A WHOLLY-OWNED SUBSIDIARY OF ZHUHAI HOLDINGS INVESTMENT GROUP LIMITED (FORMERLY KNOWN AS JIUZHOU DEVELOPMENT COMPANY LIMITED) OF THE FOLLOWING:-
I. THE ENTIRE ISSUED AND FULLY PAID-UP SHARE CAPITAL OF LAMDEAL CONSOLIDATED DEVELOPMENT LIMITED; AND
II. THE ENTIRE ISSUED AND FULLY PAID-UP SHARE CAPITAL OF LAMDEAL GOLF & COUNTRY CLUB LIMITED,
FOR AN AGGREGATE SALE CONSIDERATION OF HKD1,650.00 MILLION ("DISPOSAL")
It is interesting to note that while many research houses have valued LBS at a certain high price, they themselves haven't placed any Target Price/recommendation on the share. Maybe there are too many unknown factors to it, or maybe because it has been troubled for the past 10 years, that analysts are unsure of what is to be expected.
FYI, it hasn't appreciated much since its IPO 10 years ago.
additional 40,000 new ordinary shares of RM1.00 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Thursday, 15 August 2013.
Date of buy back 14/08/2013 Description of shares purchased Ordinary Shares of RM1.00 each Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 500,000 Minimum price paid for each share purchased ($$) 1.740 Maximum price paid for each share purchased ($$) 1.750 Total consideration paid ($$) 877,603.91
Lee Meng Fatt, it maybe deeply undervalued. Company can keep profit of land sold in China and keep money for reinvestment eithout giving to shareholders.
hi inwest88, if you feel uncomfortable when one of the director dispose why don't you trace back how many of them acquire the share and the amount as well
Euscilyn : Congratulation to u and all the rest as we have achieved our TP of 1.80. Let set a new TP of 2 since it is still in a moving momentum. All the best.
The news regarding the disposal of shares is by on of the non-executive directors children. Furthermore, that director is not a major shareholder and not related to the Lim family, so I'm not too worried on the news.
Should look at the big picture. When the company buy back n directors bought back, nobody says anything. Just one .... director sold his shares, it becomes a issue
Indicators are still positive.Even a special dividend will not go this far. Could be the emergence of a substantial shareholder for value investing. Has a lot of land bank. Moving to more high end development could be a much needed boost. D'Island Residence has done very well.
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Posted by DrPitchard > 2013-08-12 10:13 | Report Abuse
But I'm still in it, since heavy purchase volume by directors in the open market, more often than not, it's a good sign. Well, at least that's what I hope.