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.
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 ... ?
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 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....
Posted by 10215673035009552 > 2019-09-04 13:12 | Report Abuse
sell on news