Posted by GuShen > 2019-07-05 23:15 | Report Abuse

Change in Boardroom / Key Management

1. 27th June 2019 : DATUK WIRA RANJEET SINGH SIDHU (Executive Director) - Voluntary resign

2. 27th June 2019 : MR LOO SENG KIT @ ROBIN (Chief Financial Officer) - Voluntary resign

3. 3th July 2019 : MR LESLIE LOOI MENG (Non Executive Director / Chairman of Remuneration & Audit Committee) resigned due to his professional work commitments

4. 5th July 2019 : DATO' SRI LIEW KUEK HIN (chairman) resigned due to personal health issue.

Posted by GuShen > 2019-07-05 23:24 | Report Abuse

DATUK WIRA RANJEET SINGH SIDHU and MR LOO SENG KIT @ ROBIN appointed as Executive Director and Chief Financial Officer respectively in 17th June 2019 but they resigned on 27th June 2019. Both of them resigned after 10 days, what happen??

Posted by bnmacai > 2019-07-06 00:57 | Report Abuse

London biscuit. Now really give you eat biscuit liao la. Better sell and run first. Leave your shoes behind, just run.

Posted by Jeffreyteck > 2019-07-06 08:32 | Report Abuse

All collected more than enough fees but delivered this kind of results then resigned or retired. If during young age cannot deliver, the chances to deliver good results at old age is slim just like athletics. Nonetheless there is exception. Good luck and happy weekend.

Posted by GuShen > 2019-07-06 09:53 | Report Abuse

LONBISC total properties worth RM77.5mil Vs RM355mil bank borrowings. Assumed all debtors unable to collect back and machinery zero value, the company is worth nothing.

Posted by 123456 > 2019-07-06 12:17 | Report Abuse

As per latest audited statements of financial position (30/9/2018), its total assets shall be RM815, 425,000 and total liabilities were RM446,518,000 and total equity was RM368, 907,000.

Posted by Daily8 > 2019-07-06 12:39 | Report Abuse

Wrong kind of assumption, GuShen.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=191283&name=EA_DS_ATTACHMENTS

Go to page 88.

Posted by 123456 > 2019-07-06 13:12 | Report Abuse

Cash flow problems maybe due to business volume growing too fast and lack of proper control on its credit term to customers and bank facilities 。。。。。just engage a good and professional team everything will be fine soon. Hopefully BOD will react accordingly.....

Posted by 123456 > 2019-07-06 13:13 | Report Abuse

Last 2qrs showed encouraging.....

Posted by 123456 > 2019-07-06 13:15 | Report Abuse

This type of issues shouldn't happened, please put the right person in right place 。。。。。。

Posted by Daily8 > 2019-07-06 14:03 | Report Abuse

123456, their 2 largest customers are having the credit terms and contribute to larger trade receivables. Based on report, these 2 large clients have good faith and trust by LBB, there fore they aren't worry they won't be able to collect back the money.

Of course, I despised company that have such huge debts borrowing which isn't good for the cash flow. Besides, they should have allocated some liquidity for cash flows instead of keep borrowing.

Nova Scotia loans, they MUST make way to settle it.

Posted by Nicholasming91 > 2019-07-06 14:58 | Report Abuse

123456 talk so much... u got try their roll ? Lol i didnt even buy it, in fact noone eats their roll

Posted by GuShen > 2019-07-06 15:52 | Report Abuse

As per latest quarter result as at 31 March 2019, trade and other receivable at RM322mil which is huge. The collection period could be easily more than 8 to 10 months. Based on their last audited account 2018, the allowance for doubtful debts had increased from RM1mil (FYE2017) to RM62mil (FYE2018) which give a question mark on their debtors quality.

Posted by GuShen > 2019-07-06 16:19 | Report Abuse

Even a small loan of RM9.80mil owing to Nova Scotia is unable to pay, do you think the Company is able to pay other short term borrowings (RM261mil as at 30 April 2019). Major portion of short term borrowings are consisted of Bankers acceptance (RM174mil), which is very huge and difficult to repay.

Posted by GuShen > 2019-07-06 16:24 | Report Abuse

Currently, the Company is paying around RM18mil interest expenses a year. Under worst case scenario, if the company defaulted all the bank loans, the Company will incur at least annual default interest of RM30mil.

Posted by TheContrarian > 2019-07-06 17:20 | Report Abuse

PN17 coming?

Posted by Nicholasming91 > 2019-07-06 17:30 | Report Abuse

Since last year gonna go into Pn 17 alrdy. But buy faking their accounting delays the whole thing... soon we will know the truth. Noone eats london choc... even my friends all never eat this brand.. hapseng munchies jullie. Even hwa tai honest with the QR still got quite some people buy

Posted by 其辉 > 2019-07-06 20:29 | Report Abuse

Hope that Monday news is good

Posted by Nicholasming91 > 2019-07-06 23:53 | Report Abuse

last time keep advertise in astro also dunno burn how much already

Posted by cutie > 2019-07-06 23:56 | Report Abuse

It was my favourite counter and also Kheesan but not anymore when they started to delay their financial results. something is fishy and I was right.

Posted by cheoky > 2019-07-07 01:46 | Report Abuse

Retrenchment follow by bankruptcy.
Private placee got conned

Posted by TheContrarian > 2019-07-07 05:32 | Report Abuse

Private placees didn't get conned. They are part of the scheme to deceive the retailers to keep buying. Anyone who has invested in the stockmarket long enough will know how the fictitious private placement schemes work.

Posted by ZhugeNemo > 2019-07-07 06:58 | Report Abuse

so many directors left in a short span of time
be cautious

Posted by Nicholasming91 > 2019-07-07 07:36 | Report Abuse

private placement is ok. But the amount PP ratio to debt is a joke .

Posted by GuShen > 2019-07-07 09:48 | Report Abuse

Profit & fixed assets (plant & equipment) could be overstated due to plant & equipment was depreciated over 15 to 20 years. This explained why NTA 1.32 but PP only at 0.40 to 0.43 cents.

Posted by stock_investor > 2019-07-07 09:53 | Report Abuse

haha, public bank downgrade from 53c to 24c. Can you trust them anymore?

Posted by bensonlam33222 > 2019-07-07 12:50 | Report Abuse

a taste of London will become a taste of lockup soon.

Posted by NewbieTradingChannel > 2019-07-07 13:22 | Report Abuse

Lonbisc 7/7/2019 0.280 here is a Support .... it have broken on last friday and closed on the support ... This might be a rebound point for lonbisc here..... May set 0.270 as your support for now.

Posted by 其辉 > 2019-07-07 14:22 | Report Abuse

Seacera case more worst,but still have ppl goreng it
I ththink LBB situation is better than seacera

Posted by Bull 2019 > 2019-07-07 16:00 | Report Abuse

20 cents coming. no good news so far.. small company, hard economy environment esp malaysia.

Posted by cutie > 2019-07-07 16:07 | Report Abuse

be careful with this counter and kheesan...something fishy

Posted by GuShen > 2019-07-08 07:39 | Report Abuse

LONBISC is paying higher audit and non audit fees of above RM500K (Group) in FYE2018. Apollo only paid EM109K (Group) and KSL paid RM231 (Group). What does it means?

Posted by GuShen > 2019-07-08 07:41 | Report Abuse

LONBISC was paying audit fees (external audit) of RM355K (Group) in FYE2017 and increased to RM500K in FYE2018. Why so much increase?

Posted by TheContrarian > 2019-07-08 09:07 | Report Abuse

Anyone buying LonBisc today?

Posted by Desmond Nah > 2019-07-08 09:12 | Report Abuse

If 20cts why not

Posted by PotentialGhost > 2019-07-08 09:18 | Report Abuse

Rip newbie

Posted by EatCoconutCanWin > 2019-07-08 09:20 | Report Abuse

omg

Posted by TheContrarian > 2019-07-08 09:32 | Report Abuse

20 sen also I won't buy.

Posted by FLINV > 2019-07-08 09:38 | Report Abuse

Have try it’s product, feel ok. If got good management replace ....

Posted by shpg22 > 2019-07-08 09:41 | Report Abuse

Pls run... 0.18 coming

Posted by shpg22 > 2019-07-08 09:42 | Report Abuse

Buy rubbish get punished

Posted by agrimineral > 2019-07-08 10:00 | Report Abuse

Cut loss and run

Posted by GuShen > 2019-07-08 10:14 | Report Abuse

Don’t buy, borrowing too high with not much quality assets. They company worth negative value.

Posted by unorthodox > 2019-07-08 10:18 | Report Abuse

LONBISC is a rubbish stock. Don't ever touch this stock.
Don't be so naive!

Posted by Bull 2019 > 2019-07-08 11:32 | Report Abuse

Cut lost, 10 cents is coming.. no chairman, no CEO, no CFO.. how the company run? in red soon.

Posted by Ang Eng Keong > 2019-07-08 11:35 | Report Abuse

在大马股市太多太多骗人公司挂牌！所以所有股票才停滞不前！

Posted by Hustle > 2019-07-08 11:53 | Report Abuse

SST 再加一个 GST 包起

Posted by Hustle > 2019-07-08 11:56 | Report Abuse

外国投资者就是因为当初废除了GST估计国家失去了收入才连续抛售几个月的

Posted by Jeffreyteck > 2019-07-08 11:58 | Report Abuse

Believe soon will unable to produce financial statements as that is the easiest way out. Bankers will know the real situation. Every $1 sale have to be supported by how much borrowings.

Posted by TM1166 > 2019-07-08 12:09 | Report Abuse

Those who yet to buy, hold first, those who bought, sell now before . Going to drop further.