Posted by G00Shen > 2019-09-23 14:48 | Report Abuse

B4b4 Lonbisc has lots of assets. The list of properties are valued at RM 77 M.
------------------------------------
lol

then do you buying now ? else dont talk cork

Posted by 3iii > 2019-09-23 19:48 | Report Abuse

https://klse.i3investor.com/insider/director/7126/23-Sep-2019/143138_575754868.jsp

Change In Director's Shareholding - DATO' LIEW YEW CHENG on 23-Sep-2019

Date of Change Type Number of Shares
18-Sep-2019 Disposed 340,000

Posted by 3iii > 2019-09-23 20:40 | Report Abuse

What lessons can we learn from Lonbisc predicaments?


30.6.2019
Balance Sheet

NCA 486.0m
CA 326.5m
Total Asset 812.5m

Eq 371m
NCL 125.4m
CL 316.1m
TL 441.5m
Total Eq & Liab 812.5m


Cash 10.1m

ST Borrowings 75.1m
LT Borrowings 284.2m
Total Borrowings 359.3m


30.6.2019
Income statement
Q3 19
9 months

Rev 285.1m
Gross profit 58.3m
EBIT 6.5m
Interest (14.3m)
Other Income 0.3m
PBT (7.8m)
Tax 1.3m
PAT (8.8m)

Posted by Jeffreyteck > 2019-09-24 12:08 | Report Abuse

Restructure? Goreng again. Who can afford to swallow its debts and meeting the tight interests schedule? Unless bankers and creditors are ready to take a haircut which is quite unlikely. Anyway, news is always good for trading purpose. Authorities remain sleeping despite various findings.

Posted by shpg22 > 2019-09-25 20:45 | Report Abuse

What can we learned??
Don't always look at the revenue and net profit only. It can be manipulated easily.

Posted by Robinson > 2019-09-28 22:02 | Report Abuse

buy more.. going to 0.005

Posted by Jeffreyteck > 2019-09-30 08:46 | Report Abuse

Despite various issues, relevant authorities are still sleeping. Gaji buta is always the best.

Posted by G00Shen > 2019-10-04 11:40 | Report Abuse

sweet november still alive?

Posted by G00Shen > 2019-10-04 11:43 | Report Abuse

sometimes i cannot brain out why retailer that buy lonbisc are so stupid, naive and no common sense ??

1. the company become pn17, why you all still want to touch ??? pn17 you think is for fun? it is for fund to sell

2. the company is making money but problem is they also borrow a lot till default. you earn 10k but go borrow 1 million

3. nta nab 1.2 2.0 3.0 bla bla bla - this has nothing to do with retailer

Posted by kk101 > 2019-10-05 07:51 | Report Abuse

Lonbisc is a profit company. Just need a good management to run the business.

Posted by Jeffreyteck > 2019-10-05 09:08 | Report Abuse

Still quite well supported. Est capital reduction together with cash call as it is the only way to survive temporarily amidst of its huge borrowings and limited capacity to borrow from bankers. Private placement is just too little to meet interest repayment and operation needs. With the outstanding audit and investigation findings, to get authority approval may be a challenge.

Posted by Robinson > 2019-10-05 11:21 | Report Abuse

wow 0.095. 0.005 soon? perisai in the making?

Posted by calvintaneng > 2019-10-08 14:18 | Report Abuse

Distance from London to Holland only less than 2 hours flight

Get out while you can in one piece

Posted by stockraider > 2019-10-08 14:20 | Report Abuse

I wonder why London Biscuit still have not sought for court creditors protection while going for restructuring plan loh...!!

Posted by bargadcapital > 2019-10-08 15:15 | Report Abuse

calvintaneng
Correct In Trengganu offshore fishermen can't go fishing from Nov to March due to rough sea

So they do other task onshore to wait for next fishing season

So NETX after winning Rm19. 7 millions job award from Telekom diversified into electronic payment while waiting for next job bonanza award

Now time is rope for another big one up to few hundred millions

This is our chun chun timing opportunity

AND price also at Rock bottom

Luck is preparation meeting opportunity!!
08/10/2019 1:56 PM



calvintaneng Time is ripe for another Big Job award
08/10/2019 1:59 PM



calvintaneng Telekom still got 2.8 million copper lines to be replaced with fiber optic cables

Copper lines can only serve old tech of 2g and 3g

Copper lines cannot serve 5g

And 4g uses fiber optic cables

5g builds on 4g infrar

So there will still be lots and lots of digital infrar installation for Malaysia

Malaysia already 10 to 20 years behind time compared to China, Korea, Japan and Singapore

Better play catch up faster








NETX (0020) - THE MOST MISUNDERSTOOD DIGITAL STOCK OF HIDDEN VALUE, Calvin Tan Research~~NFPC 5G MALAYSIA

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/228509.jsp

Posted by edmen > 2019-10-15 19:14 | Report Abuse

wonder who is buying and still interested....

Posted by kk101 > 2019-10-18 11:36 | Report Abuse

Yes who is buying. White knight?

Posted by loled17 > 2019-10-23 17:53 | Report Abuse

will any " big boss " take over this company?

Posted by kk101 > 2019-10-23 20:18 | Report Abuse

Anyone read today, 23rd oct 2019 bursa annoucement on LBB. What it say?

Posted by shortinvestor77 > 2019-10-23 20:47 | Report Abuse

Selling assets of your company lah.

Posted by shortinvestor77 > 2019-10-23 20:47 | Report Abuse

The Board shall fully cooperate with the Interim Liquidator to ensure the smooth running of the liquidation process. In addition, the Board of LBB shall be updated by the Interim Liquidator from time to time until completion of the interim liquidation process.

Posted by shortinvestor77 > 2019-10-23 20:48 | Report Abuse

See any balance left after paying debts might be returned to you.

Posted by shortinvestor77 > 2019-10-23 21:02 | Report Abuse

pls read kcchongnz previous article to guess how much left:

Posted by shortinvestor77 > 2019-10-23 21:02 | Report Abuse

Just taking the two major assets of LB, PPE and Receivables, which total is worth RM3.13 per share, if they are worth just 50% of their book value, the net asset net asset of LB will fall to zero, and that is the value shareholder will get on liquidation. In my opinion, both are worth much less, and especially PPE, which I doubt is even worth a tenth of its value on liquidation. I am sure a rational investor of LB shouldn’t hope for the liquidation of LB as, if LB is still an ongoing concern, there is still an option value.

Posted by kk101 > 2019-10-24 07:23 | Report Abuse

Does this mean, LBB going to close down?

Posted by Limbeh > 2019-10-24 07:49 | Report Abuse

end game, liquidation liao

Posted by kk101 > 2019-10-24 07:55 | Report Abuse

LBB NTA now at 1.28. Enuf to paid bank and investor.

Posted by cat lim > 2019-10-24 09:36 | Report Abuse

lol. still delude yourself with nta ... lol

Posted by sasword > 2019-10-24 09:45 |

Post removed.Why?

Posted by Special4U > 2019-10-24 10:09 | Report Abuse

better to sell now?

Posted by cat lim > 2019-10-24 10:16 | Report Abuse

since the day go into pn17, it already a sell. you think pn17 is for fun ?
please dont use HA - Hope Analysis in stock market, i know a lot people see the price, so cheap, immediately jump in, then wait for white knight ... is this worth ???

Posted by Alaska Lang > 2019-10-24 10:16 | Report Abuse

it a time to buy in, let say the NTA after all liquidation worth 20%, RM 1.27 x 20% = 0.254, it worth to buy in

Posted by 陳 彥霆 > 2019-10-24 10:51 | Report Abuse

LONDON BISCUITS BERHAD (LBB OR THE COMPANY)
NOTIFICATION OF APPOINTMENT OF INTERIM LIQUIDATOR AND SITUATION OF OFFICE OF INTERIM LIQUIDATOR
Further to the announcement made on the Winding-up Petition served on 18 September 2019, the Company wishes to announce as follows :-



(a) Date of Appointment of Interim Liquidator

The High Court has allowed the applications by Bangkok Bank and OCBC Al Amin to appoint an interim liquidator on 23 October 2019.



(b) Particulars of Interim Liquidator

Mr. Lim San Peen (NRIC 580910-03-5477) of Messrs PricewaterhouseCoopers Advisory Services Sdn Bhd, has been appointed as the Interim Liquidator of LBB pursuant to an Order of the High Court of Malaya in Kuala Lumpur under Companies (Winding-Up) Petition No. WA-28NCC-950-09/2019 dated 23 October 2019.



(c) Details of events leading to the appointment of the Interim Liquidator

A Petition pursuant to Section 465(1)(e) and 466(1)(a) & (c) of the Companies Act 2016 was served on LBB on 18 September 2019 by Messrs. Mathews Hun Lachimanan, Advocates & Solicitors, acting on behalf of Desa Potensi Sdn Bhd (“Petitioner”) demanding therein the outstanding payment of RM16,413,913.48 due and owing by LBB.

The Court scheduled the hearing of the Winding-Up petition on 30 September 2019 and subsequently granted an order that there shall be no ex-parte application by the Company pending the determination of the Ex-Parte Application by the Petitioner, OCBC and Bangkok Bank Berhad to appoint interim Liquidator.

On 7 October 2019, the High Court had then fixed the matter for Decision on 21 October 2019 and the Decision to appoint an interim liquidator was then adjourned to 23 October 2019.



(d) Terms of reference of the Interim Liquidator

The Interim Liquidator shall have and may exercise all the functions and powers of a liquidator as prescribed under the Companies Act 2016 (including Parts I and II of the 12th Schedule of the Companies Act 2016) and/or the Companies (Winding-Up) Rules 1972.



(e) Financial and operational impact of the appointment of the Interim Liquidator on LBB and its subsidiaries (“Group”)

At this moment, the Board is unable to ascertain the extent of the effect of the winding-up of the LBB on the Group. LBB will provide updates on this matter in due course.



(f) Effect of the appointment of Interim Liquidator on the business operations of LBB

The Interim Liquidator is essentially appointed to preserve the asset of the Company and empowered to take into custody or under his control all the property to which LBB is or appears to be entitled. Property includes any cash at bank or any registered trademarks, intellectual property or patents held by LBB.

However, the Board have yet to hand-over control of the books and records and assets of LBB to the Interim Liquidator.



(g) Steps taken or proposed to be taken in respect of the appointment of the Interim Liquidator

LBB will co-operate with the Interim Liquidator to facilitate the Interim Liquidation process.



(h) Role of the Board in light of the appointment of the Interim Liquidator

The Board shall fully cooperate with the Interim Liquidator to ensure the smooth running of the liquidation process. In addition, the Board of LBB shall be updated by the Interim Liquidator from time to time until completion of the interim liquidation process.



This announcement is dated 23 October 2019.

Posted by cat lim > 2019-10-24 10:55 | Report Abuse

buy lor, drop until 0.005 soon.

Posted by hamos_wks > 2019-10-24 11:10 | Report Abuse

LBB will close down soon. All the shares will go down to the drain...

Posted by EatCoconutCanWin > 2019-10-24 12:10 | Report Abuse

omg

Posted by flexibt > 2019-10-24 12:26 | Report Abuse

Sayonara..

Posted by B4b4 > 2019-10-24 13:44 | Report Abuse

My favourite stock. Now, it is a very sad story.

Posted by more_n_more > 2019-10-24 14:38 | Report Abuse

who jump in today ???

anyone ???

Posted by B4b4 > 2019-10-24 15:18 | Report Abuse

Haha, at 7.5s, might as well buy some other stocks

Posted by shpg22 > 2019-10-24 15:24 | Report Abuse

Ayo...those Dato and Datin has been disposing like crazy. Still wanna buy mei.

Posted by apolloang > 2019-10-24 15:37 | Report Abuse

London biscuit is falling down
falling down,falling down
London biscuit is falling down
unfair bursa
hahaha.....bursa no tangkap the directors who cheat the retailers?

Posted by apolloang > 2019-10-24 15:40 | Report Abuse

in jan 2019 can give bonus suddenly in oct wanna tutup kedai? apa ini bursa buat tak tahukah?

Posted by CITADEL > 2019-10-24 15:40 |

Post removed.Why?

Posted by CityHuntEr > 2019-10-24 15:57 | Report Abuse

i have no idea wat the hack of this company did...
NTA 1.28 with current assets 300M...
but unable to pay back loan - around 150M

of course, the only reason i may reach is - KHEESAN is the main contributor in the NTA...

Posted by freddiehero > 2019-10-24 16:17 | Report Abuse

wah.. apa news sini?

Posted by cat lim > 2019-10-24 16:43 | Report Abuse

6 cent. still want to NTA play ? LOL. sorhigh

Posted by TheContrarian > 2019-10-24 16:47 | Report Abuse

Made 25% from LonBis in January this year after the bonus issue. Thank you to the Directors.

Posted by Alaska Lang > 2019-10-24 18:20 | Report Abuse

today i buy 1 million share between 0.065 to 0.08

Posted by unorthodox > 2019-10-24 18:27 | Report Abuse

Who are the fools that bought LONBISC shares today?
"Amazing investors"