Posted by Desmond Liew > 2013-04-10 18:59 | Report Abuse

then what is the fair value?

Posted by sharemania > 2013-04-10 20:49 | Report Abuse

Euscilyn Any idea how much it will start to trade on tomorrow ?

Posted by Alex Chan > 2013-04-10 21:58 | Report Abuse

aiyah factor in oredi.....cash so little

Posted by Euscilyn > 2013-04-10 22:23 | Report Abuse

It's hard to predict. If tomorrow closing stay at 1.11~1.20 than is a hope to 1.30 by this week. Long terms 1.50.

Posted by CH85 > 2013-04-10 22:39 | Report Abuse

If the EPS up to 63 sen, why it only target to go around 1.20 to 1.50?

Posted by humbled > 2013-04-10 23:45 | Report Abuse

Any idea how long for LBS to get the deferred payment of 338.8mil?

Posted by quyen850906 > 2013-04-11 06:30 | Report Abuse

will LBS limit when open?

Posted by Euscilyn > 2013-04-11 07:54 | Report Abuse

CH85 : My target at 1.20~1.50 because we can't foreseen unexpected factor. Technical analysis support by volume and Fundamental analysis support by rates. Anythings involve in Volume is depend on investor attitude and man confidences. (Hard to predict humans thinking) Fundamental support by company management and developmental. Some stock are giving dividend every Q or year but is also stay at 0.60 ~ 0.90. (ex rubberex).

Posted by kcfan > 2013-04-11 07:58 | Report Abuse

Congrats to LBS holders.I missed this cake since suggested by share investment consultant 3 weeks before.

Posted by Euscilyn > 2013-04-11 08:15 | Report Abuse

KUALA LUMPUR: Property developer, LBS Bina Group Bhd via indirect subsidiary Dragon Hill Corp Ltd, has signed a conditional sale and purchase agreement with Zhuhai Holdings Investment Group Ltd to dispose of the entire equity interest in two of its subsidiaries in a RM657.7mil cash and share deal.

LBS will raise cash proceeds of RM538.1mil and also emerge as a substantial shareholder of Zhuhai, formerly known as Jiuzhou Development Co Ltd, with a 16.78% stake.

The two companies, Lamdeal Consolidated Development Ltd and Lamdeal Golf & Country Club Ltd, are being sold for RM621.6mil and RM36.1mil respectively.

The two companies are involved in golf club operations and proposed property development projects in China. Both are wholly-owned companies of Dragon Hill Corp Ltd, which in turn is a indirect subsidiary of LBS.

The deal is expected to be concluded by the third quarter of this year.

“The strategic agreement benefits both LBS and Zhuhai Holdings and we look forward to sharing our expertise with the company on its future developments. It is important to have reliable and resourceful partners for LBS to venture further in China and we are happy that we have found one.

“This signing is also in line with our aim to become an internationally recognised developer by expanding and strengthening our presence in China.” LBS managing director Datuk Lim Hock San said in a statement yesterday.

“We are keeping our options open and will consider opportunities for LBS to expand its presence in China. We are optimistic about the Malaysian property market and intend to increase our land bank in Malaysia with the gains from our proposed disposal,” he added.

According to its filing with the exchange, the board believes that the proposed disposal is timely and provides an opportunity for LBS Group to unlock the value of its investment in Lamdeal Development and Lamdeal Golf.

“The proposed disposal is expected to record estimated total proforma gain on disposal of about RM240.4mil for LBS Group.

“As a substantial shareholder of Zhuhai Holdings upon completion of the proposed disposal, LBS Bina, via Dragon Hill, will contribute its expertise to the future development of the enlarged entity.

“The board recognises that a reliable and resourceful local partner is crucial for LBS Group to ride on the recovery trend in the China economy, to further expand its businesses and to establish a stronger foothold in the country.

“This proposed disposal provides an opportunity to achieve such objectives,” said LBS .

The proposed disposal may improve the group's net asset per share from RM1.17 to RM1.74 based on the its audited financial statement as at Dec 31, 2012.

The proceeds from the proposed disposal may also improve the LBS' gearing ratio from 0.81 to 0.575. The group hopes to increase the consolidated earnings and earnings per share for the financial year ending Dec 31, 2013.

The proposed disposal is pursuant to LBS' memorandum of understanding with Jiuzhou Development signed in April 2012 for both parties to negotiate exclusively with each other and finalise the scope and terms of a sale and purchase agreement. The news confirms a StarBiz news report on Tuesday speculating on the dea

Posted by iafx > 2013-04-11 08:48 | Report Abuse

looks like a buy on news, sell on fact!

Posted by Desmond Liew > 2013-04-11 08:52 | Report Abuse

Hi morning iafx, so can chase for the price or not? TQ for the advice.

Posted by iafx > 2013-04-11 08:56 | Report Abuse

chase high is always a risky business, u need to study the intra day chart

Posted by Desmond Liew > 2013-04-11 08:57 | Report Abuse

alright tq

Posted by anbz > 2013-04-11 09:12 | Report Abuse

Laa Baru Sembelih

Posted by BENNY313 > 2013-04-11 09:13 | Report Abuse

Y the price keep dropping?seems no one support!!!

Posted by anbz > 2013-04-11 09:14 | Report Abuse

=gbgaqrs

Posted by csk396 > 2013-04-11 09:19 | Report Abuse

The proposed disposal may improve the group's net asset per share from RM1.17 to RM1.74 based on the its audited financial statement as at Dec 31, 2012.- The Star

Posted by sephiroth > 2013-04-11 09:22 | Report Abuse

Profoma gain of 240m but no sp dividend???

Posted by iafx > 2013-04-11 09:24 | Report Abuse

weeeii... yesterday signed, today announce sp div, tomorrow payout ke? wait lah... ini bukan masak-masak :D

Posted by anbz > 2013-04-11 09:30 | Report Abuse

gearing to become 0.575 after the 'proposal' of land disposal...still too high gearing ..., mkland belum naik, gearing 0.0496 ...so lbs gearing for now = 0.81/0.0496
= 16.33 !!! times of mkland
buy mkland, mkland in kl, sg buloh, damansara, and pj are worth multiples of that small 'proposal deal' in china.

Posted by iafx > 2013-04-11 09:36 | Report Abuse

betul ke bro anbz? salah info nanti masuk lokang oh... :D :D :D

Posted by andyteng > 2013-04-11 09:37 | Report Abuse

y drop..shit

Posted by TuaHuat > 2013-04-11 09:39 | Report Abuse

Profit taking for those bought earlier at cheap price e.g. Lim familly and frens... Lol.

Posted by TuaHuat > 2013-04-11 09:40 | Report Abuse

Sabar...

Posted by Euscilyn > 2013-04-11 09:46 | Report Abuse

:)

Posted by Euscilyn > 2013-04-11 09:50 | Report Abuse

Brainstorming Guys, Fundamental for you to consider "should I keep this stock when it drop" Technical for you to think "What rate should buy or sell"

Posted by Euscilyn > 2013-04-11 09:51 | Report Abuse

I'm brought in on Jul 2012 at 0.80 Keep it until now haven't been sell.

Posted by TuaHuat > 2013-04-11 09:53 | Report Abuse

Good luck Euscilyn... I was at 0.78..

Posted by sharemania > 2013-04-11 10:00 | Report Abuse

this is not for contra player. chase high is always risky. hope nobody get burn on it. cheers.

Posted by anbz > 2013-04-11 10:00 | Report Abuse

ya fr info fr my rhbscreener

Posted by andyteng > 2013-04-11 10:21 | Report Abuse

y keep drop, will rebound afternoon?

Posted by lmf_hau > 2013-04-11 10:40 | Report Abuse

Andy Teng,

Buy in rumous , sell in fact.

Moreover , this disposal of Zhu Hai Golf Club , just share exchange , cash consideratino received = use to paid loan n operation cashflow.

Nothing special dividend to be annourced , so .... do u think it px will re-rise again ???

Pls think twice....

Posted by iafx > 2013-04-11 10:44 | Report Abuse

having said this, lbs financial ratio will look pretty after the settlement :)

Posted by sharemania > 2013-04-11 11:04 | Report Abuse

ya but fundamentally it is still a good value company and is clearly undervalue. dats y ppl are buying to keep and wait for the value to be reflected on the price.

Posted by Peter Lee > 2013-04-11 11:15 | Report Abuse

buy at 80 plus ,dont chase the dragon ,will kena burn

Posted by sephiroth > 2013-04-11 11:31 | Report Abuse

even after settlement, gearing of more than 0.5 times(0.575) is excessive

Posted by lmf_hau > 2013-04-11 11:53 | Report Abuse

7 Dragon Balls,

If u think the current stock mkt is good to buy stock n hold , pls fully loading now ...

Posted by iafx > 2013-04-11 12:16 | Report Abuse

no good so far...

Posted by anbz > 2013-04-11 13:25 | Report Abuse

mkland murah2...lelong-lelong , belum naik belum naik, akan naik , akan naik will shoot up when 34 cents is breaked...the biggest land owner in Damansara,Petaling Jaya, Sg Buluh, and Kinta (ipoh mali)...mali2...sulat kaba lama,the only well known potential property counter still not moving...in near term... don't miss the ship...sell your lbs , sell your lbs , sell your lbs (may be u will only lose at most 10 % for dumping lbs)...get 250% net profit from the current price of mkland at 32.5-34 cents .mahsing has bounght land at damansara and sg buloh...fr where? yeah that's the most wanted land in Greater Kl...promotion ended

Posted by JRD_500 > 2013-04-11 13:54 | Report Abuse

LBS today profit taking only...

Posted by anbz > 2013-04-11 14:00 | Report Abuse

profit taking for those who have bought earlier...profit giving for who bought later

Posted by Zhenghoe > 2013-04-11 14:29 | Report Abuse

This counter face heavy forceselling only until around 0.90 the support will come in

Posted by sephiroth > 2013-04-11 14:35 | Report Abuse

Anyone dare to enter 1.01?

Posted by Zhenghoe > 2013-04-11 15:04 | Report Abuse

Becareful big player unload their shares!!!

Posted by sharemania > 2013-04-11 15:06 | Report Abuse

hehe..panic sell panic sell..those grab in 80++ sit tight n relax.

Posted by iafx > 2013-04-11 15:09 | Report Abuse

so far lbs has very bad div history, not worth holding for long, big buyers won't keep. very likely to go back to 90c range...

Posted by bryan_su > 2013-04-11 15:55 | Report Abuse

cut loss la, wait what...

Posted by Yasin Bakar > 2013-04-11 16:06 | Report Abuse

tomorrow rebound.. oversold already. hopefully :( to bloody to cut loss...

Posted by Yasin Bakar > 2013-04-11 16:11 | Report Abuse

arghhh cannot tahan... going to ejaculate