From the report of Shapadu holding 32%, the difference of 4.7% as stated in the announcement still won't match. How? Anyway, the latest 2015 AR, there is 66.5m of assets held for sale in 2016, equivalent to 36 sen per share. Are we buying the diamond of LFE at stone price?
If LFE really got so much assets can sell why need RI? Since RI undersubscribed perhaps another one likely next year. How to get out of PN17 since not enough money?
Mr wealthcome, I am not an expert in this counter, people like coldrisk, charlie, cikgu and papaerplane are better informed than me, from what I can gather, in the latest AR, there is assets for sale of 66.5m from Abu Dhabi, equivalent to 36 sen per share. there are other things in the pipeline, like 350m project in Putrajaya, 400m project in London. so LFE is worth more than that. We started off from less than 10 sen till now. So, you see how long we are holding this stock! Faithful or not?
Coldrisks, remember, there were 18,802K rights taken up and they were not bound by 6 months period, so, may be these are the people selling together with the original holders of 84,900K.
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charlie chia
2,151 posts
Posted by charlie chia > 2015-11-27 19:46 | Report Abuse
Shapadu appointed 2 directors to sit in Lfe