since LBS have share buyback between 1.35 to 1.37, the lowest the counter can go is 1.35 but also the highest is 1.37.. but buy in volume then can have some kopi money...
MaxL, 1.44 sudden drop to 1.38 due to special dividend of 6 cents and this will reflected the share price drop by 6 cents.. don't worry.. this counter can go back to 1.50...
that's why i was wondering why the management have had such move which was not benefiting the company at all not only the reputation but also investors' confident!
tkg8 it is a good time to sell your treasury shares when they are investors willing to buy at a stated price and at the same time release the funds for working capital purposes rather than tied up in treasury shares.
OTHERS EARLY RECEIPT OF HKD200 MILLION FROM THE THIRD TRANCHE OF PROMISSORY NOTES AND THE INTENDED UTILISATIO
The Company is pleased to announce that the Company has on today received the Third Tranche of deferred cash payment of HKD200.0 million. The Board applauded the early payment as it enables the Group to reduce its cost of borrowings thus contributing positively to the cash flow and earnings of the Group for the financial year ending 31 December 2016.
The HKD200.0 million cash is expected to be utilised in the manner as follows:-
Details of utilisation #
Estimated timeframe for utilisation from date of receipt
Reduction of Bank Borrowings RM53,051,000 Within 1 year
Special Dividend RM42,441,000 Within 1 year
Payment for Trade Payables and Other Payables RM10,610,000 Within 1 year
Total RM106,102,000
Note :
* The exchange rate of HKD1.00 : RM0.53051 is based on the rate as at 15.3.2016 published by Bank Negara Malaysia.
# Any unutilised proceeds will be allocated and utilised under Payment for Trade Payables and Other Payables.
Spending more money to upgrade the circuit?? Will the circuit make money or not?? Why didn't the company shed more light on the circuit's past financial performance and profitability?
This chinaman now fast tracked to be a top notch developer. Falling into the radar of quite a number of fund managers. Good for at least the next 2 years.
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....
alex88812
294 posts
Posted by alex88812 > 2015-12-14 22:27 | Report Abuse
since LBS have share buyback between 1.35 to 1.37, the lowest the counter can go is 1.35 but also the highest is 1.37.. but buy in volume then can have some kopi money...