They are in the AGM as observers, you think that group don't know what they are doing meh? The group is the one that invited all the regulatory bodies to come, you never read the blog ah?
As follow up to the announcements made on 4 April 2014, 7 April 2014 and 26 May 2014 pertaining to the fire incident on 3 April 2014 night at the premises of Lii Hen Furniture Sdn Bhd ("LHF") situated at Plo 43, Bukit Pasir Industrial Area, 84300 Muar, Johor Darul Takzim, the Board of Directors of Lii Hen Industries Bhd ("the Company") wishes to announce that LHF has received a letter from the Ibu Pejabat, Jabatan Bomba Dan Penyelamat Malaysia of Negeri Johor ("the Jabatan") confirming that the said incident is an accidental fire, as stated in the Report on Cause of Fire (LPK 1) issued by the Jabatan. The estimated loss arising from the said fire is about RM6.30 million that comprises of loss on inventories and restoration costs on factory buildings, plant, machinery and other equipment.
The outcome of LHF's fire damage claim is in the final stage of finalisation and the first interim payment for fire damage claim of RM1.80 million as announced on 26 May 2014 has been duly received by LHF.
The Board of Directors of the Company will continue to update on material developments for the above incident.
After the AGM these jokers will come up with a another different story to frighten us . Wonder what's the next episode . From shenanigans to bangsar whale then fire and coming AGM . Harvey you're a great story teller .
First quater earning per share 13.7 sen, 13.7x4=54.8 sen, let say only 40 sen for a year, pe 8 is 3.20, pe 10 is 4.00, candygirl, do you want to sell at 2.20?
Candygirl, as long as you stick to fundamentals, nothing to worry. Look from positive side, if you plan to buy more, try to buy next week if it drop because of noises in agm.
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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....
candygirl
538 posts
Posted by candygirl > 2014-06-12 17:11 | Report Abuse
next touch 1.35 , pecah bye bye