Posted by Jeffreyteck > 2017-08-26 23:22 | Report Abuse

Loans outstanding:
Apollo: zero
Hup Seng: zero
London: more than 200 millions
Cash available is the lowest among 3.
The more I read, I just felt many things not right. Going to be the 3rd time private placement in recent few years if not mistaken, this round together with right issues to ask for more $ from minority. First to dispose before ex date as trust is no longer there. High EPS without distributing reasonable dividend is as good as figures show. Good luck for the high NTA, if one could remember Mysia AE case, its NTA is worst then old newspaper and delisted after issues arise, a few months after distributed dividend. Good luck.

Posted by brain > 2017-08-27 13:25 | Report Abuse

All of the private placements these few years are fully taken up by friendly parties of the directors. They were issued at rm1 per share when the share price was only 60+ sen.
Means the owners were pumping in money into the company these few years. I wonder why?
This year with the abolishing of par value private placements with b at a lower price below rm1.

Posted by brain > 2017-08-27 14:12 | Report Abuse

I think none of the minority shareholders pump in any funds.
They needed to start the potato chip lines fast so issue some 100m term notes. Initially i was a bit perplexed as they were trying to par down their debts. Suddently increase their debts again by issuing rhe term notes. Its looks reasonable now as the potato lines is turning in nice profits.
Bottom line is if u feel there no future, you shd sell out now. But if there's something in future its a cheap share to own. Afterall if its a nicely run company, you have to fork out 4-5 rm then

Posted by Jeffreyteck > 2017-08-27 20:39 | Report Abuse

Ya, will wait for its propose plan and dispose remaining balance before ex date. TQ and good luck for you.

Posted by smartly > 2017-08-30 19:01 | Report Abuse

another poor q again. only consolation is better than the previous q.

Posted by smartly > 2017-08-30 19:03 | Report Abuse

but compare to corresponding q almost down by 90%.
what a stupid company.

Posted by smartly > 2017-08-30 19:05 | Report Abuse

73% to be exact.

Posted by brain > 2017-08-30 19:47 | Report Abuse

Looks like they r not cooking anything for the coming rights issue.

Posted by brain > 2017-08-30 22:13 | Report Abuse

So nx week start to sell. No incentive to take it up. 0.75sen eps. Not even worth 40sen. Pick up again when rights r over.

Posted by Jeffreyteck > 2017-08-31 12:29 | Report Abuse

Revenue can drop so much? Falling bridge, you made it, unbelievable. Unusual in this type of industry unless food poisoning or other significant events. No disclosure on significant changes and regulators failed to call themselves protecting minority.

Posted by brain > 2017-08-31 15:13 | Report Abuse

Revenue drop is caused by kheesan. Kheesan is not an associate company anymore under bursa new rules. Implemented since last Q.
Revenue actually is up.

Posted by brain > 2017-08-31 17:28 | Report Abuse

Profit is going to b depressed going forward as kheesan Account cannot be consolidated. The large investment in kheesan is useless now unless kheesn can declare dividends which is unlikely considering its own horrible results.
Selling down kheesan also not possible as they purchased it at about rm1.40. That would mean heavy realised losses.
The only way forward is to improve on both kheesan n lonbisc operations. First to par down its debts. Nx to lower its cost of operations. Look for new markets and improve it's market share.
Thats why they need more $$$.

Posted by Jeffreyteck > 2017-09-01 09:14 | Report Abuse

Good morning Brain. TQ for clarification. If you can replace the BOD, I believe you can better turnaround this hopeless falling bridge.

Posted by masterus > 2017-09-02 11:34 | Report Abuse

http://quotes.wsj.com/MY/LONBISC/financials

Posted by masterus > 2017-09-02 11:35 | Report Abuse

EPS 0.10

Posted by Jeffreyteck > 2017-09-02 14:24 | Report Abuse

Div per share = 0, obviously cash flow is a challenge
Debt = very high and interest expenses very high, Hup Seng n Apollo = 0
Management quality = as reflected in the past few years results
Best for speculation only.

Posted by masterus > 2017-09-02 19:41 | Report Abuse

Heard people said there will be bullish in klse stocks before general election.

Posted by brain > 2017-09-06 12:59 | Report Abuse

Some selling pressure fr those exiting n not interested in the rights issue. Expect this trend to continue below 70c.

Posted by Jeffreyteck > 2017-09-07 12:44 | Report Abuse

Major SH does no worry about the dropping price as most probably people who owes the banks the most has more money. Magic show from left to right hands and vice versa, if true, may be authority is blind.

Posted by Eir Hsan > 2017-09-07 13:28 | Report Abuse

planning to add more this stock in my portfolio due to drop in price. good buy. can hold this for at least 7 more years

Posted by Jeffreyteck > 2017-09-08 11:00 | Report Abuse

You have better tolerance. Five years is suffice for me. Good luck for you.

Posted by brain > 2017-09-10 16:01 | Report Abuse

Wow. Pringles also selling at rm3.50 Looks like lonbisc potato chips is giving them some competition.

Posted by brain > 2017-09-16 21:25 | Report Abuse

Jeffrey, hv you exited?

Posted by Jeffreyteck > 2017-09-19 09:46 | Report Abuse

Hi Brain, only few lots in hand, will exit before right issues plan ex date. Looks like they are having difficulty to get buy in for private placement. Will see who is willing to be sucked, may be this round Kheesan's turn to invest in falling bridge, then merges the accounts to show a beautiful NTA.
If you are in the BOD, will consider to buy then. If need financial controller, let me know too, I believe I can deliver at least the same results.
Good luck.

Posted by brain > 2017-09-20 06:51 | Report Abuse

Thanks Jeffrey.

Posted by janggut > 2017-10-02 14:54 | Report Abuse

What happen to this counter..

Posted by masterus > 2017-10-10 13:30 | Report Abuse

Until now no movement in share price. That why , avoid the right issue and this share and its warrant. Not profitable at all. LonDon bridge is falling down to hell.

Posted by masterus > 2017-10-10 13:33 | Report Abuse

Until 0.60 than follow this counter. Company of the shit.

Posted by masterus > 2017-10-11 11:35 | Report Abuse

Run run. Enter level 0.60. Sell off now at 0.70 and above and buy back at 0.60.

Posted by masterus > 2017-11-21 12:52 | Report Abuse

When market recovered and good again, it may skyrocketing. It is matter of time.

Posted by LuckyG > 2017-11-30 23:19 | Report Abuse

profit big drop ....

Posted by Jeffreyteck > 2017-12-01 08:41 | Report Abuse

Good if the stock price plummeted too as market should penalize poor management. It is challenging for Hup Seng and Apollo to maintain their growth with beautiful balance sheet, so it is even more challenging for falling bridge which is struggling to get more financing from private placement. Unless it is a speculative play, it should down further. Some may argue high NTA it has, good luck.

Posted by janggut > 2017-12-11 11:13 | Report Abuse

When this counter will move..

Posted by masterus > 2017-12-14 11:03 | Report Abuse

Accumulate it while.

Posted by masterus > 2017-12-14 11:03 | Report Abuse

Low

Posted by janggut > 2017-12-14 20:14 | Report Abuse

Market up but london didnt move..very low volume..

Posted by Jeffreyteck > 2017-12-28 12:06 | Report Abuse

Surprisingly still at this high support level even though it doesn't deserve it as past records is weak except good in asking more money through private placement.

With high debts compared to Appollo and Hup Seng, no way it could sustain under this competitive environment, potato chips business is just good for talks as numerous good brands are in the market.

Posted by Jeffreyteck > 2017-12-29 08:43 | Report Abuse

Apollo profit down significantly, personally don't think falling bridge can reverse the market trend.

Posted by sasword > 2018-01-05 10:12 | Report Abuse

From london to Holland. Holland biscuit

Posted by zenmaster > 2018-01-05 10:26 | Report Abuse

Taste so so only

Posted by LuckyG > 2018-01-09 08:28 | Report Abuse

volume go up .... so i follow abit abit lolx

Posted by janggut > 2018-01-09 09:27 | Report Abuse

Still accumulate before shoot up

Posted by tan5995 > 2018-01-11 09:19 | Report Abuse

创一年新底。

Posted by tan5995 > 2018-01-15 15:09 | Report Abuse

再创新低@0.62，原本以为在新年这个counter的业绩会比较好，看样子一葉知秋了！

Posted by tan5995 > 2018-01-15 15:43 | Report Abuse

NOW @ 0.60

Posted by LuckyG > 2018-01-15 15:49 | Report Abuse

haha . i wait it drop more only buy in second batch .

Posted by LuckyG > 2018-01-16 09:57 | Report Abuse

look like 1 day drop only .... and i miss it ! dammit

Posted by brain > 2018-01-16 12:41 | Report Abuse

Don't need to lament. Even at 66 then, it was dirt cheap. What more now. Share buybacks on the cards. Just sapu as much at this price. Otherwise really regret later no use.

Posted by janggut > 2018-01-16 15:24 | Report Abuse

This stock is very healthty.. i keep collecting the stock and do believe it will fly soon

Posted by LuckyG > 2018-01-16 16:52 | Report Abuse

collected 2nd batch