LONDON BISCUITS BHD

KLSE (MYR): LONBISC (7126)

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Last Price

0.02

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


6 people like this.

3,249 comment(s). Last comment by felet404 2023-12-10 09:18

kk101

53 posts

Posted by kk101 > 2019-08-30 21:55 | Report Abuse

Why quater result drop so much?

firehawk

4,772 posts

Posted by firehawk > 2019-08-30 21:58 | Report Abuse

is this a .....

gone case?

shpg22

2,984 posts

Posted by shpg22 > 2019-08-30 22:53 | Report Abuse

Doesn't matter. All figures are manipulated anyway

Tripaka

2,840 posts

Posted by Tripaka > 2019-08-30 23:39 | Report Abuse

Terrible qr..

miker

708 posts

Posted by miker > 2019-08-31 00:10 | Report Abuse

next week semua makan biskut.....huhuhuhuhu...con pinya BoD...itu khee san pun sama..

Fuzzycats

7,611 posts

Posted by Fuzzycats > 2019-08-31 06:35 | Report Abuse

Munchy take over this company, when aaaarrr???

Fuzzycats

7,611 posts

Posted by Fuzzycats > 2019-08-31 06:37 | Report Abuse

Why no one sue the BOD for fraud aaarrr???

unorthodox

180 posts

Posted by unorthodox > 2019-08-31 06:45 | Report Abuse

Telltale signs of fraud in audited financial statements!
Stay far far away from this conman shares.
Down the road, this company will be delisted!
Save yourself!

shpg22

2,984 posts

Posted by shpg22 > 2019-08-31 09:04 | Report Abuse

Put the management on trial and expedite the execution

Angielim9955

2,049 posts

Posted by Angielim9955 > 2019-08-31 17:39 | Report Abuse

一下是我观察最近ld 的个人意见而已:

虽然本人还未买进,但是下个星期如果跌下10sen 会开始进ld
今天看到ld net loss, 我在想是不是下个星期可以开始买进,
我一直观察到qr report 看到loss 反而是好事
因为我觉得ld private 在高价,一直好的成绩被怀疑是假的,
所以我在想他们会不会这次一次性的把假的处理好,所以会有历史性的第一个loss qr 出来
以后qr 就是没有问题了。
如果是这样,我想ld 会比黄金还值钱了。
毕竟nta 很高 和做了pp 有cash 了

Posted by EngineeringProfit > 2019-08-31 17:42 | Report Abuse

Best buy 11 cents

TheContrarian

8,859 posts

Posted by TheContrarian > 2019-08-31 19:52 | Report Abuse

11 sen also don't buy.

AlvinTSK

1,750 posts

Posted by AlvinTSK > 2019-08-31 21:01 | Report Abuse

Dont worry !! Trust next week it will drop back to 11 sen if not worse!! Sense that something fishy about this management and their reporting... but again, who am anyone to judge them except for the law maker!!

AlvinTSK

1,750 posts

Posted by AlvinTSK > 2019-08-31 21:05 | Report Abuse

The past few weeks with most of their directors are disposing the share already signal a big red flag!! Now a sudden drop of profitability is pretty obvious that something is really not right!!
Who remember CSL? not mistaken, CSL owner took company $$ and gone missing ...
Hope that this is not the case for this JB company!!

kk101

53 posts

Posted by kk101 > 2019-09-02 19:04 | Report Abuse

Any news on company take over

shpg22

2,984 posts

Posted by shpg22 > 2019-09-03 10:14 | Report Abuse

No idiots is going to takeover a debt laden company with fake account

qqq3

13,202 posts

Posted by qqq3 > 2019-09-03 10:16 | Report Abuse

d by shpg22 > Sep 3, 2019 10:14 AM | Report Abuse

No idiots is going to takeover a debt laden company with fake account
===========

they have $ 300 million debtors in the book.....it all depends on the recover ability of those $ 300 million.......

shpg22

2,984 posts

Posted by shpg22 > 2019-09-03 10:24 | Report Abuse

Most of the receivable are cooked up. Worthless

qqq3

13,202 posts

Posted by qqq3 > 2019-09-03 10:25 | Report Abuse

shpg22 > Sep 3, 2019 10:24 AM | Report Abuse

Most of the receivable are cooked up. Worthless
=======

before any body takes it over, they will do an audit first........

Jeffreyteck

4,246 posts

Posted by Jeffreyteck > 2019-09-05 16:13 | Report Abuse

It is unlikely that various authorities will take effective actions. Beautiful laws, inefficient and ineffective outcomes. That encourage many major SH, bod and management to take minimum risks for their own interests. Believe bankers and suppliers are crying now. Warned when the price is above 60. Good luck if speculate play pushes up the price.

miker

708 posts

Posted by miker > 2019-09-06 14:53 | Report Abuse

It seems that BoD already knew the company health for the last several years. Only now, the event exploded when the situation already uncontrolled. There are many companies like this in Bursa. So, be careful.

kk101

53 posts

Posted by kk101 > 2019-09-06 19:31 | Report Abuse

Is the auditor report out?

freddiehero

16,715 posts

Posted by freddiehero > 2019-09-06 19:44 | Report Abuse

is tis counter safe?

Daily8

3,858 posts

Posted by Daily8 > 2019-09-11 09:50 | Report Abuse

Go and check Kinstel counter, as LBB appointed him to be MD for LONB

Jeffreyteck

4,246 posts

Posted by Jeffreyteck > 2019-09-11 09:58 | Report Abuse

43 from kinsteel, good luck everyone.

Michael Kwok

6,100 posts

Posted by Michael Kwok > 2019-09-11 11:39 | Report Abuse

rubbish.Its already know when it's fall from 60 over cent to 10 cent.If not its will fall that sharply.Public Invest published already know.

Michael Kwok

6,100 posts

Posted by Michael Kwok > 2019-09-11 11:44 | Report Abuse

Resistance 16-17 cent need to be broke.

Posted by EngineeringProfit > 2019-09-11 14:01 | Report Abuse

HUAT AR

Wing23

415 posts

Posted by Wing23 > 2019-09-12 10:49 | Report Abuse

Lol all insider dato run like no tomorrow

Michael Kwok

6,100 posts

Posted by Michael Kwok > 2019-09-13 12:25 | Report Abuse

Change of shareholder.Old wanted out.Resistance 16-17 cent will tell.

kk101

53 posts

Posted by kk101 > 2019-09-13 21:12 | Report Abuse

Any good news?

Wil789

174 posts

Posted by Wil789 > 2019-09-18 09:09 | Report Abuse

Go to hell , haha , 0.10

TheContrarian

8,859 posts

Posted by TheContrarian > 2019-09-18 09:11 | Report Abuse

Every bank suing LonBisc.

Jeffreyteck

4,246 posts

Posted by Jeffreyteck > 2019-09-18 09:15 | Report Abuse

Believe those enter now are meant for trading only as this company got close to zero hope. NTA will down further and no one is able to resolve the excessive loans, just to serve the interest is killing. The only better solution is for banks to convert loans to equity and then all die slowly instead of immediately in this sinking boat.

Posted by EngineeringProfit > 2019-09-18 09:45 | Report Abuse

Sad

limkopi

102 posts

Posted by limkopi > 2019-09-18 11:53 | Report Abuse

company bankrupt soon?

Posted by 1431599283521664 > 2019-09-18 13:17 | Report Abuse

another HIGH 5

vvvv

23 posts

Posted by vvvv > 2019-09-18 13:38 | Report Abuse

RIP.....

G00Shen

1,492 posts

Posted by G00Shen > 2019-09-18 15:10 | Report Abuse

company wont bankcrupt, retailer will like sweetnovember

Posted by EatCoconutCanWin > 2019-09-18 15:25 | Report Abuse

what going on....

buah_kurma

314 posts

Posted by buah_kurma > 2019-09-18 17:19 | Report Abuse

London Biscuits (LBB) announced that it received Writ of Summons and Statement of Claim from Malaysian Trustees Berhad (MTB), Alliance Bank Malaysia Berhad (ABMB) and Bangkok Bank Berhad (BBB). We are concerned as the financial facilities granted cannot be utilized further for working capital purposes, putting additional strain on LBB’s tight liquidity position of 0.9x net gearing. Furthermore, it is particularly alarming as LBB had previously defaulted on a loan of RM9.8m from Bank of Nova Scotia on 3rd July which caused the company to slip into PN17. The company is currently seeking solicitor’s advice on the necessary course of action. We opine that the company could monetize some of its assets to raise fresh capital. As at 30 June 2019, LBB’s net assets stood at RM1.28 per share. Overall, any revitalization plan to uplift LBB from its PN17 status will be made tougher in light of this latest development. We retain our TP of RM0.12 and Trading Sell call.

Bangkok Bank Berhad. BBB claimed a total judgement sum of RM64.2m under several different banking facilities (Overdraft Facility, Term Loan 1, Term Loan 2, Revolving Loan Facility and Combines Trade Facilites) along with continuing interest calculated on monthly rest until the date of full settlement.
Alliance Bank Malaysia Berhad. ABMB claimed a total judgement sum of RM7.9m under several different banking facilities (Overdraft Facility, Term Loan Facility, Omnibus Trade Line Facility and Visa Infinite Business Card Facility) along with continuing interest calculated on daily rest until the date of full settlement.
Malaysian Trustees Berhad. MTB claimed a total of RM96.7m together with interest which shall accrued daily and calculated monthly.
Source: PublicInvest Research - 18 Sept 2019

hamos_wks

11 posts

Posted by hamos_wks > 2019-09-19 15:18 | Report Abuse

director is dumping on hand stock. what happened here? seems like wanna sell off the company?

shpg22

2,984 posts

Posted by shpg22 > 2019-09-19 18:01 | Report Abuse

Selling tin kosong biscuit to shelf kompeni and write off as full tin biscuit la. Has been getting away for years d. Now run out of cash, no choice have to walk naked and reveal all.

Qbb99

238 posts

Posted by Qbb99 > 2019-09-20 16:11 | Report Abuse

Lonbisc is a well known brand. This company sure has takers since its production line is still ongoing. Sometimes, investors buy the whole business in a RTO simply because of its brand name is very famous.

B4b4

7,582 posts

Posted by B4b4 > 2019-09-20 16:33 | Report Abuse

Yes, Qbb99 you are right! This lonbisc is indeed very famous! Surely a white Knight will come along and take control of the management. The debts are peanuts and small when you compare the consistent profit for every Qtr except the last one.

kk101

53 posts

Posted by kk101 > 2019-09-20 20:14 | Report Abuse

Yeah

B4b4

7,582 posts

Posted by B4b4 > 2019-09-23 09:57 | Report Abuse

Lonbisc has lots of assets. The list of properties are valued at RM 77 M.

shpg22

2,984 posts

Posted by shpg22 > 2019-09-23 12:23 | Report Abuse

The consistency of revenue and profit has been cooked up all this year la...ayoyo

sasword

1,139 posts

Posted by sasword > 2019-09-23 12:40 |

Post removed.Why?

CITADEL

1,867 posts

Posted by CITADEL > 2019-09-23 14:18 |

Post removed.Why?

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