bing bong...if business very good need so many private placement?how much private placement conduct this year?cash flow remained concern...short term borrowing 90mil+ long term 200mil+ still got bank overdraft of 24mil...if company got the ability they should receive cash from receivables efficiency to settle off debts and fund their capex not private placement...
Read Adam & co was the Auditor that resigned. After browsing thru the firm, I have to say this is one in competent accounting firm. U google and u know what I mean. They are not resourceful
RM ('000) Current :35,155 More than 30 days past due: 32,128 More than 60 days past due: 90,918 More than 120 days past due: 116,857 Total: 275,058
The past due booming receivables is very alarming!! 87% of receivables is PAST DUE!! How could possibly someone with a sound mind run a company like this?
The group is having negative cash balances due to overdraft. No wonder they need a private placement so badly.
0.37 now, only long term investor will looks at all these FA, for short term player, TA is more important, price breaks below support, just throw, if you really want good FA companies, go to those blue chip counters.
I had this share for more than 20 years. It has a grand name but shame cannot shine. I tried to buy this biscuit in big super markets but no luck. Company must adopt oompletley different strategy like sell it to some other small or big biscuit companies and run. Need better company directors with new strategies. Wake up directors. I wonder what was the recent cause for the share to be lifted in share price? Please respond to my suggestions here. Email: Jesdav36@gmail.com
Highest borrowings and the most frequent pp among the listed biscuits companies. Obviously cash flow is the problem, that reflect the management credibility and capabilities. PP is just enough to cover for a few months borrowings interest with the total borrowings above 350. Anyway, good for speculating play if not for LT.
Reminder : eforce WA expired on 1st july at 5pm so trade with carefull... hear any goreng goreng???hmmm for last 2 days like ekovest wa just wait n see but dobt forget the expired date ya....
Next week will be the critical week, if the smart money over washed it, they will also not going to get any advantages from it. btw. both hup seng and appolo r not doing so good esplly hup seng as the smart money r slowly running out from it.....
The Board of Directors of LBB wishes to announce that LBB had on 27 June 2019 received a Writ of Summons together with the Statement of Claim dated 24 June 2019 (“Suit”) filed by Messrs. Skrine, the solicitors for BNSB, on LBB.
Based on the Statement of Claim, the Suit arises from the default of LBB’s payment obligations.
BNSB’s claim against LBB are as follows :-
1. The total sum of RM9,830,000.00;
2. interests on the amount owing under the Bankers Acceptance of RM1,830,000.00 at the rate of 1.50% per annum Base Lending Rate which as at 5 June 2019 is at 6.70% per annum (and such Base Lending Rate which may be determined by BNSB from time to time) default rate of 2.00% per annum on daily rest from 5 June 2019 till the date of full settlement;
3. Interests on the amount owing under the Operating Credit Facility of RM8,000,000.00 at the rate of 2.50% per annum Cost of Fund which as at 5 June 2019 is at 4.09% per annum (and such Cost of Fund which may be determined by BNSB from time to time) default rate of 1.00% per annum on daily rest from 5 June 2019 till the date of full settlement;
4. cost against the Defendant on solicitor and client basis; and
5. such further or other relief as the High Court deems fit and proper to grant.
Playing LonBisc is akin to playing Russian roulette. There's a bullet in one of the six chambers. There are safer counters to play, counters that will not end up as PN17.
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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....
Shinnzaii
3,114 posts
Posted by Shinnzaii > 2019-06-03 16:14 | Report Abuse
bing bong...if business very good need so many private placement?how much private placement conduct this year?cash flow remained concern...short term borrowing 90mil+ long term 200mil+ still got bank overdraft of 24mil...if company got the ability they should receive cash from receivables efficiency to settle off debts and fund their capex not private placement...