Last chance to exit!! June Qtr result will be out end of August and may be a huge lose!!!! Most of the suppliers stop supplier due to no payment. Heard some suppliers only supply 10% of their usual monthly purchase wth condition receive outstanding payment from LBB. LBB turnover may drop substantially on coming Sept qtr.
Really don't understand, No single loss in QR since listed but classified as PN17. From its every QR, the company should have hundred millions of money in bank. Wonder why but still not buy the shares.
The company can survive if 1. Their revenues go up this quarter (pending the results of quarterly) 2. Obtain long term/short term secured loan 3. Not seeing their products much at stores, so you would have to think is the company doing ok?
and why 1. The amount of disposals and timing of the directors disposing (already red flag) 2. Similar/related counter 6203 is also experiencing the same movements (second red flag)
You got more to learn on accounting hanky panky that LONBISC practice.
persie Really don't understand, No single loss in QR since listed but classified as PN17. From its every QR, the company should have hundred millions of money in bank. Wonder why but still not buy the shares. 16/08/2019 12:22 PM
At best speculative play as it is almost impossible to solve its cash flow problems, borrowings is simply out of proportion. Audit opinions on receivables etc. Est nta will be down soon.
well....I not selling until I make money......I got at 16 to see it down to 11 and now 16 again..................maybe 18- 20 I start thinking of it.............
cutwin 95% for kfc-like profit.....remaining let it be bit in case goreng to 25 sen another kfc-like...hantam sajalah.....very tricky this kibun....profiting but PN17...still mind boggling maciam2 ala....
Whatever private placement amount is just insufficient to cover for its loan interest. No idea who subscribed into it. Even auditor is unable to determine assets purchased and receivables, but regulators did anything other than pn17?
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....
freddiehero
16,722 posts
Posted by freddiehero > 2019-08-15 19:58 | Report Abuse
now just 12 days to life..