Yes, if you follow Concerto and Home Tree progress, you will know the next few quarters will be very interesting. According to past trends and Bursa records, the results will be out latest by Friday, 28 November. Incidentally , both projects won some awards from iProperty.com readers. See the FB.
Actually, liquidity is the main issue for this company. Price spread sometimes can be more than 5 or more cents different. Hard to get n dispose when needed. Anyway, bet some since forseen better financial result in this coming qr.
Agree. Management should look into improving liquidity and consider the various options available ( some of which may not be popular ) such as stock split, bonus issue, free warrants , engaging market makers ( is this legal ? ) , placing out new shares, declare dividend policy, distribute the 6 million treasury shares, share buy back etc.
BCB should improve their IR and engage openly with potential investors, fund managers, research houses etc.
Imagine the company has been in existent for 25 years and listed for almost 18 years and yet the investing community hardly know of it.
Today announced 3 sen dividend. Not bad. 2.4 % over 1.24, with possible capital gain. Been chasing Sona up and down, panting and punting without any certainty.
http://announcements.bursamalaysia.com/EDMS/subweb.nsf/all/918002A636289DBA48257D9B001144F9/$File/BCB-Annualreport2014.pdf The Group’s recent decision to buy into Medini is expected to buttress its income stream in the coming years. As mentioned earlier, conducting business in Medini will entail a lot of incentives. The Group was recently granted “Approved Developer Status” by Iskandar Regional Development Authority (IRDA), the regulator in Iskandar Malaysia - which exempts it from having to pay corporate tax on profits derived from its Medini project. (source: page 7 of the Annual Report)
Based on today' s announcement, AGM on 18 Dec. Good news that Medini project is exempted from corporate tax. GDV is 1.2 billion , launching Phase 1 early 2015, small units at average price of rm 350k per unit. AR also mentioned Bandar Putera Indah, Batu Pahat with GDV of 1.1 billion, acreage 390 acres and it stated that the HSR will have a station nearby.
Well done, BCB. I am not comparing Latitude's performance to BCB. But Mr Koon's letter is similarly appropriate for BCB Management to take note. As I am not as articulate as Mr Koon who I highly respect, I am borrowing his letter for this purpose.
Letter to the Latitude's BOD - Why and How to improve your share price?
This is a guess post from Koon Yew Yin.
This article was published at 25-Sep-14, 18:08
Share Your Write Up? Listing Page The Chief Executive Officer and the Board Of Directors,
Latitude Tree Holdings Bhd.
25th Sept 2014
Dear Gentlemen,
Why and How to improve your share price?
I have been buying your shares recently but I am a bit disappointed that the price cannot rise above Rm 3.72 which is still very cheap in terms of P/E ratio as your EPS was 56.6 sen. However, you deserve my congratulation for managing the company so well to produce such good profit.
As I was one of the founders of IJM Corporation Bhd., I have gained some experience which can help you improve your share price. If you wish to know about me, you can google my name.
When investors buy any share, they expect to benefit from the dividend and the increase of the share price. All the shareholders are the owners of the company and all the directors of the board are the employees who are being paid for their services. The main duty of the directors is to make profit so that they can give out dividend which is the catalyst to move share price.
It is prudent not to give out all the profit as dividend because you need to retain some of the profit for company future expansion, bearing in mind that without expansion, you cannot make more profit.
Like most Malaysian companies, your company is young and poorly capitalized, you cannot afford to give out dividend higher than the holding cost of their shares. As a result, investors will soon get tired of holding the shares if the share price does not continue to increase. If there are more sellers than buyers, the share price will come down.
Since it is not advisable for the company to continue give out good dividend, there are a few ways to increase share price which you may like to consider.
Give out bonus shares Give out free convertible warrants with a right issue. The company must frequently talk to fund managers and analysts to entice them to buy your shares. Selling your shares is as important as selling your products. According to KLSE rules, you can place out not more than 10% of the total issued shares every year. Annually you must also try to place out shares to fund managers so that they can help to support the share price and in the process the company will receive huge amount of cash for expansion. For example, you can place out 9.7 million shares equivalent to 10% of the total issued shares at say Rm 3.30 which is about 10% discount to the current price of Rm 3.70. The company will receive about Rm 32 cash injection on every placement exercise.
After having achieved a higher share price, you should issue shares to make suitable acquisition to further expand the company. If you study the history of IJM Corporation Bhd. carefully, you will notice that the company has done exactly what I have described above.
I trust you and the board of directors will consider my letter seriously to benefit all the shareholders.
Many types of directors exist, some good, some not so good, some just bad. I like the cowboy movies, one of them is "The Good, The Bad and The Ugly". Maybe the directors are just like the title of the movie. Here, I am not talking about directors of any particular company. Dear Directors, be the good ones!
Best to ignore him , not sure of his motive, last 3 months obsessed with BCB, main stock comments is BCB ,all negatives. We should comment and buy based on stock fundamental, do some research on your own. Don't talk rubbish. Just comment sensibly. He talked like he knows the reason for the stock movement.
property counter rating negative,oil related counters retreated to 5 yrs low, bank counters with oil loans prospect in doubt, influencing property market.moreover,consumers'pocket becomes lighter due to GST.
stockker, don't blindly support as if you are expert,face the reality, this is the market trend,not just comment sensibly as you said.this is technical analysis.
a) Bandar Putera Indah This 390 acres township is an up-coming satellite suburb of Batu Pahat. The proposed high speed rail linking Kuala Lumpur to Singapore is expected to have a station nearby thereby increasing the township’s appeal. Double storey terrace houses are reasonably priced below RM500,000 per unit. Total GDV is about RM1.1 billion. To-date about RM100 million worth of properties have been sold.
b) Park Residence @ Medini Is located on a 7.81 acre land in Medini, Iskandar Malaysia and is wrapped around a park – hence its name. It is located right in front of the Gleneagles Hospital. It is also within walking distance to Legoland and commands a view of Singapore. The Group’s recent decision to buy into Medini is expected to buttress its income stream in the coming years. As mentioned earlier, conducting business in Medini will entail a lot of incentives. The Group was recently granted “Approved Developer Status” by Iskandar Regional Development Authority (IRDA), the regulator in Iskandar Malaysia - which exempts it from having to pay corporate tax on profits derived from its Medini project.
The Group foresees minimal risk in investing in Medini as the growth potential in Iskandar Malaysia is still generally strong. Any slowdown is anticipated to be short term in nature. Medini, being designated a special economic zone by the government has a lot of incentives to offer to both developers as well as end-purchasers. In Medini, there are no restrictions on foreigners buying or re-selling properties. First tier end-purchasers are also exempted from the Real Property Gains Tax (RPGT) when they re-sell their properties. This high-end project will have 6 tower blocks and a GDV of about RM1.2 billion. It will be developed over 5 years. Phase 1 comprising 2 tower blocks is ear-marked for launching sometime in the early part of year 2015. Most of the 600 plus units in Phase 1 will be in the built-up region of 400 plus s.f. (studio units). It will be priced at about RM800 per s.f. and is expected to generate considerable interest from locals as well as foreigners as an average unit will be priced in the RM350,000 region.
2. Financial Performance The Group’s five years performance (as can be seen in the five years financial highlight) has been on an upward trajectory. In last financial year, the Group posted a turnover of RM281.95 million compared with RM164.58 million achieved in the previous year. Group profit before tax also increased to RM43.81 million compared with RM20.92 million achieved in the previous year while Group profit after tax increased to RM32.51 million compared with RM16.10 million achieved in the previous year.
Since last year, the Group has also retired off more than RM100 million in various bank loans from its improved cash flows. A first and single tier dividend of RM0.03 per share was also proposed to its shareholders in respect of the financial year ended 30 June 2014. This proposed dividend will be subject to approval from its shareholders in the coming Annual General Meeting on 18 December 2014.
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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....
uchitech008
580 posts
Posted by uchitech008 > 2014-11-21 22:02 | Report Abuse
This quarter will be another amazing quarterly financial result.