Bought some today bcos it is selling cheap. The last quarter's loss was actually not that much if the tax rate was not so high. The 1H of the year is always seasonally weak quarter for Latitude. The coming 2H will perform better. In addition, USD has strengthened in 3QCY19, forex gain will boost the earnings.
At current price level, Latitude is selling at merely 0.49x P/BV for a net cash and low L/E company.
In spite of Company aggresive share buy back, Latitude Tree is still plunging like mad. Chart wise, it is very BEARISH. Any reasons for this plunge? It appear the really bad news haven't surface yet.
Most furniture companies, Liihen, Homeritz, Poh Huat last few quarters revenue & profit all on up trend, benefit from trade war and strong USD. how come Latitude perform so badly ? Isn't it in same industry and shld benefit the same ... ?
use common sense think also know furniture won't have big benefit from WFH, electrical product like fan & aircon & lights may have big benefit since use more broken more buy more to change
Very clever of them to pay treasury share of 1 share for every 20 shares that au own. Effectively equal to 8 cts per share at closing price of $3.93. That way the company preserve its own cash holdings.
jeff10000:EITA (5208)KUALA LUMPUR (Nov 19): Shares of EITA Resources Bhd have soared as much as 21% or 29 sen, following an announcement that the elevator maker is planning for an issuance of bonus shares, together with free warrants, to reward its shareholders.
At 12.25pm, the counter pared some of its gains, but was still 24 sen or 17.65% higher at RM1.60 — a more than two-and-a-half year high — making it one of the top three gainers on Bursa Malaysia. It has a market capitalisation of RM208 million.
However, despite the surge in share price today, volume traded remained relatively thin at 1.40 million shares.
The bonus issuance will be on the basis of one bonus share for each existing share held (one-for-one) on an entitlement date to be announced, while the free warrants, which are to be issued after the bonus issue, will be on the basis of one free warrant for every three existing shares held (one-for-three), according to a filing to the local stock exchange yesterday.
The plans will involve the issuance of up to 130 million bonus shares and 86.67 million warrants, EITA said.
The exercise price of the warrants has been fixed at 70 sen each. Assuming all the warrants are exercised into EITA shares, the warrants could raise up to RM60.67 million for the company, which it plans to use for future working capital.
This share dif with other bonus issue share..after 1st announcements share price going down..just wait atleast until 1 day b4 exdate...when share dividen last day b4 exdate this share up 20 sen
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3008 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
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Posted by 10215673035009552 > 2019-09-04 13:12 | Report Abuse
sell on news