LYSAGHT GALVANIZED STEEL BHD

KLSE (MYR): LYSAGHT (9199)

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Last Price

3.38

Today's Change

-0.09 (2.59%)

Day's Change

3.36 - 3.47

Trading Volume

43,200


2 people like this.

368 comment(s). Last comment by kk7198 2 days ago

maxlim

322 posts

Posted by maxlim > 2014-07-21 19:33 | Report Abuse

News came out but still dropping.... Any body know why?

Posted by abdrashid > 2014-08-13 09:56 | Report Abuse

tunggu.........

Diamond7

2,374 posts

Posted by Diamond7 > 2014-08-20 20:52 | Report Abuse

New directors???....

Diamond7

2,374 posts

Posted by Diamond7 > 2014-08-24 13:19 | Report Abuse

Wen bonus n split ?

Diamond7

2,374 posts

Posted by Diamond7 > 2014-09-16 21:45 | Report Abuse

???.....???....???New secretary ???.....!!!

lpy28

26 posts

Posted by lpy28 > 2014-10-02 23:04 | Report Abuse

Pls advice on this counter

Posted by 660220adsiil > 2014-10-04 19:37 | Report Abuse

Still holding tight have high confidence with this counter with the anticipation board of directors will speed up to materialise corporate exercise of bonus, share split and free warrant as announced back in May this year. My advice to board of directors please solve your internal problem as fast as possible for the sake of the co and shareholders

Diamond7

2,374 posts

Posted by Diamond7 > 2014-10-05 14:49 | Report Abuse

Will the deal go through ?

ktrader

1,898 posts

Posted by ktrader > 2014-10-05 14:57 | Report Abuse

Down the cliff already....found the bottom yet?

shamopi

79 posts

Posted by shamopi > 2014-10-11 00:38 | Report Abuse

Just wondering, how does the dividend payout in % works? If they were paying 12%, what is the base where the percentage is multiplied on?

lpy28

26 posts

Posted by lpy28 > 2014-10-15 00:07 | Report Abuse

We refer to the announcements dated 15 May 2014, 2 July 2014 and 17 July 2014 in relation to the Proposals ("Announcements"). Unless otherwise defined, the abbreviations used throughout this announcement are the same as those previously defined in the Announcements.

The Board of Directors of Lysaght (“Board”) wishes to announce that the Company is not able to meet the given timeframe for the submission of the Company’s draft circular and documents to Bursa Securities pertaining to the Proposals as a Director's declaration from a newly appointed director, appointed on 30 September 2014, is still pending as at 14 October 2014.

An application has been submitted to Bursa Securities on 13 October 2014 for a further extension of time of up to 31 October 2014 for the submission to Bursa Securities of the Company's draft circular and documents pertaining to the Proposals. The application is currently pending Bursa Securities’ approval.

The Board also wishes to announce that it had on the evening of 13 October 2014, received a letter from Lysaght (Malaysia) Sdn. Bhd. (“LMSB”), informing Lysaght that a corporate representative of LMSB, has been authorised and directed by LMSB to vote against any resolutions, whether with or without amendments, in relation to the Proposals.

The Board will meet to deliberate on the above and the next course of action to be taken and a further announcement will be made in due course.

This announcement is dated 14 October 2014.

lpy28

26 posts

Posted by lpy28 > 2014-10-15 00:07 | Report Abuse

Any advice on this?

hanting999

463 posts

Posted by hanting999 > 2014-10-15 09:03 | Report Abuse

Sad, sad, very sad. Family quarrel? From 3.50 to 6.50 -- now down back to 3.70. BOH CHOW, WHAT????

skyu

2,497 posts

Posted by skyu > 2014-10-15 12:26 | Report Abuse

par value rm 1.00. 12% as for 12 cnts, assuming 5000 shares equivalent with rm 600.00. based on rm 3.39, divd yield per quarter stand at 3.5%.

mbge7clt

755 posts

Posted by mbge7clt > 2014-10-15 16:09 | Report Abuse

semua tipu

hanting999

463 posts

Posted by hanting999 > 2014-10-15 16:28 | Report Abuse

mbge7clt, saya setuju 100%. Cakap ada bonus, sekarang apa nak jadi?

Diamond7

2,374 posts

Posted by Diamond7 > 2014-10-15 17:18 | Report Abuse

oops...gotta keep until " NEXT CHANGE" !!!!

Diamond7

2,374 posts

Posted by Diamond7 > 2014-10-15 17:19 | Report Abuse

Why like this ???

Diamond7

2,374 posts

Posted by Diamond7 > 2014-10-15 17:26 | Report Abuse

No hope liao !!!

hanting999

463 posts

Posted by hanting999 > 2014-10-15 17:27 | Report Abuse

Diamond7, this is life.

Diamond7

2,374 posts

Posted by Diamond7 > 2014-10-15 20:23 | Report Abuse

Waited so long....g...g.....for my eggs to hatch !!! About to hatch...someone destroy them !!! So no chicks to play with...

obc5333

64 posts

Posted by obc5333 > 2014-10-15 21:58 | Report Abuse

这股可以买吗?

bjgdila123

3,470 posts

Posted by bjgdila123 > 2014-10-16 08:57 | Report Abuse

buy below 2.90

Diamond7

2,374 posts

Posted by Diamond7 > 2014-10-17 19:46 | Report Abuse

Deal aborted !!!price down...down...down...

Diamond7

2,374 posts

Posted by Diamond7 > 2014-10-19 23:06 | Report Abuse

Dear MANAGEMENT....sad to hear that the deal is aborted. Please consider a special dividend for us....the poor minority share holders !!!.......or shall I deliver this message to Dear GOD ????.....or Dear GOD....please tell the management NOT to abort the deal !!!

Well, maybe need to be faithful to the company, keep the shares I have for another year and wait for it to flower n bear fruits !!!!

Posted by optimusx8888 > 2014-10-19 23:07 | Report Abuse

what a scam!

Posted by 660220adsiil > 2014-10-19 23:28 | Report Abuse

Such a terrible board of directors and major shareholders. Perhaps security commission will do something to reprimant such co with bad corporate governance. No longer interested to keep this share will dump all. Lost 150k!!!!. Go to hell directors and major shareholders.!!!!!!

tjhldg

27,218 posts

Posted by tjhldg > 2014-10-19 23:31 | Report Abuse

:)

Posted by 660220adsiil > 2014-10-19 23:44 | Report Abuse

Life must go on. Will never trust anybody in this boleh land.Better park our money in co with high integrity and transparency. Pray Lysaght to be loss making company in years to come.God will listen prayer from those being cheated.

Posted by 660220adsiil > 2014-10-20 00:01 | Report Abuse

Actively participated in share trading since 1996. This is my second time been penalised with heavy losses apart from financial crisis 1998.Lysaght better change your name to Lanch..!!!!!

winston1

534 posts

Posted by winston1 > 2014-10-20 01:10 | Report Abuse

The directors have taken investors for a ride. Bursa should reprimand this irresponsible behaviour of the directors. After final decision, then only they should submit to authorities for approval.

firehawk

4,783 posts

Posted by firehawk > 2014-10-20 01:26 | Report Abuse

Right! if the board doesn't agree they shouldn't submit for approval ...if proposed and submitted, the board is deemed agreed .... cannot play play like this!

Diamond7

2,374 posts

Posted by Diamond7 > 2014-10-20 07:42 | Report Abuse

Tough life..now u see, now u don't !!! Directors must all resign !!! No transparency, No integrity !!! Never trust this company again !

Diamond7

2,374 posts

Posted by Diamond7 > 2014-10-20 11:22 | Report Abuse

Correction !!! Its a good company. Capable of giving bonus...cash rich !!!about 41 million shares oni....
Well Rule No. 1. : The boss is always correct
Rule No 2. : If the boss is wrong, refer to Rule No 1
?????

133331

1 posts

Posted by 133331 > 2014-10-20 11:31 | Report Abuse

Poor corporate governance and integrity.All should be reprimanded

RORORO

2 posts

Posted by RORORO > 2014-10-20 19:28 | Report Abuse

MAKE COMPLIAN TO SC.

joerakmo

725 posts

Posted by joerakmo > 2014-10-20 20:41 | Report Abuse

Did anyone attend the AGM???I think the reason lies there.

joerakmo

725 posts

Posted by joerakmo > 2014-10-21 01:02 | Report Abuse

maybe MBO at 2.88-3.00 like layhong....except no premium
be careful.

tjhldg

27,218 posts

Posted by tjhldg > 2014-10-21 01:07 | Report Abuse

corporate exercise of bonus, share split and free warrant .. abort .. but the fundamental of the company no change ma .. around this price just buy la .... kikikikikiiiiiiiiiiiiiiiiiiiii .... m in again today :)

RORORO

2 posts

Posted by RORORO > 2014-10-21 19:26 | Report Abuse

we smallholder shall sent a petition to sc .

Diamond7

2,374 posts

Posted by Diamond7 > 2014-10-21 20:39 | Report Abuse

We are all at fault. Did not attend AGM !!! And allow things to just happen. We should vote for the bonus and warrant. ...should not have voted for directors who are against the proposal !!!!

Hope the directors can explain why proposal is aborted....

Diamond7

2,374 posts

Posted by Diamond7 > 2014-10-21 20:41 | Report Abuse

Thought i could buy a new car..but looks as if i need to continue driving my old junk ,,,

Posted by 660220adsiil > 2014-10-21 21:57 | Report Abuse

There are a lot of opportunity out there. Perhaps can recover losses from other counters.Let it be a lesson to us. Will never touch this counter again.Enough is enough.

Posted by Vegerambut > 2014-10-21 23:35 | Report Abuse

United engineers limited, chew bros(m) sdn bhd,tan Sri Abdul rashid bin Abdul manaf,bina securities & management sdn bhd,wtwt sdn.bhd,faroy sdn bhd,Abu Zakaria bin Abu bakar,george Anthony dass David, and the administrator of Pusan Sri zaiton bet Abu bakar are lysaght malaysia shareholders.are all d shareholders voting against d proposal??????who are voting against d proposal??????? Why they vote for d bonuses issue in 2002???but now they against,yay?????

Posted by Vegerambut > 2014-10-21 23:39 | Report Abuse

Who r d director vote against d proposal????diamond 7

Posted by paochingtien > 2014-10-22 01:08 | Report Abuse

Lim Fong Boon, Lum Tak@Lim Meng Teck, Cheam Low Soo & Kho Tee Keow may provide the clue to the principal protagonist to the abortment of the corporate exercise! Within two weeks of the new director voted in on Sept 30 2014 the corporate bomb was detonated! Coincidence or intentional? Who profited from this share price collapse? SC must investigate and severely punish illegal profiteers!

LGS share holders' option now is to seek a "special dividend" as compensatory relief from new company secretary sharonwong@shareworks.com.my!

Posted by paochingtien > 2014-10-22 11:56 | Report Abuse

Spot on Vegerambut! You have nailed the target! The Chairman of Lysaght Malaysia Sdn Bhd Board must explain why bonus issue is bad for LGS share holders contradicting their previous strong support for it in 2002! Any hidden agenda and abominable motives? Many share holders losted much money including me! Where and how to seek grievance? Maybe the new LGS director who came in on Sept 30 2014 can tell us how?

Diamond7

2,374 posts

Posted by Diamond7 > 2014-10-22 22:08 | Report Abuse

1/7/14 : Lysaght names Cheam Low Soo as new director !!!
Bonus and warrants.....why no good?
When the company makes money, they should reward all the loyal minority share holders!!!
We become rich by helping others to be rich !!!

Posted by Vegerambut > 2014-10-23 00:58 | Report Abuse

Diamond7, refer lysaght announcement on 16 jun cheam low soo was nominate by mr koh tee Kiow for election to the office of director of lgs at d agm.how come a nomination from minority shareholder can be voted in ?????encik Yusuf who had been served as the director since 4 April 2002 was voted out!!! Yyyy???what are d connection between Cheam low soo and koh tee Kiow???d 30september egm was called by lim fong boon and lim Meng teck ,according to sources cheam low soo was the only director from lgs board attend d meeting.are cheam low soo, koh tee Kiow,lim fong boon and lim Meng teck connected???who are them?? Surprisingly refer to the 14 October announcement lysaght was unable to submit its draft circular & documents on a proposed corporate exercise to the regulator because a declaration from a director appointed on sept 30 was still pending as at October 14!!! Almost 2 weeks times also can not sign d director declaration form!!!!yyyyy????

Diamond7

2,374 posts

Posted by Diamond7 > 2014-10-23 09:42 | Report Abuse

Integrity, peace and happiness leads to prosperity.
Quarrels, internal sores and greed will bring about ill health and collapse of company.

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