Steel theme play left, now no more momentum for this stock. Sell before it too late. No investment bank willing to give target price for this company, this is don't make sense, investors who chase high will regret.
OTB & Shareinfo4u platform did recommended this before, Target price around 1.1-1.20. BusyWeekly as well have covered LEONFB in detail recently. In term of TA, 0.65/0.60 is a strong support and you can see the rebound today after correction since last Thursday. Steel theme counters not yet over, 10/4/17 Miti was expected to make final decision on whether the safeguard duties would be extended. Don't forget, China's "One Belt One Road" just started.
Yes, Alex Chong u are right. In term of TA, now is the uptrend. The RSI drop to health position. And the support quite strong. Can u share about what busyweekly had said for LEONFB in short? That would be a big help for us if u willing to share it. thank you a lot
If the company accept the acquisition of land offer, the NTA will increase from 0.83 to 0.98. There are 3 divisions that the company will expand in near future: i. Warehouse expansion ii. Increase productivity in machining division iii. Expansion of steel pipe manufacturing business (company long term strategy). Currently waiting for new manufacturing factory approval from relevant department, expected 2018 will start manufacturing of steel pipe. Expected dividend is 0.027, which equal to DY3.88% (30%, same as per 2015).
EX-date 28 Jun 2017 Entitlement date 30 Jun 2017 Entitlement time 05:00 PM Entitlement subject Final Dividend Entitlement description Final single-tier dividend of 1.5 sen per share in respect of financial year ended 31 December 2016
Bro Agak, lucky able to grab some at 1.87 this morning. Earned some duit kopi. Haha.. thanks bro for sharing. Today biohldg start moving. If it retrace tmr can buy a bit. Earn 10% should be no problem. Gpacket also seems moving soon bro. Let's share share. Haha..
LeonFB will fly tomorrow. I believe special dividend soon.
The Board of Directors of the Company wishes to announce that the Company has accepted the award of compensation offered by the Land Administrator of Wilayah Persekutuan Kuala Lumpur totaling RM45,841,482.00 in respect of the Compulsory Acquisition.
The 45 million is not the extra income for the company, even if the compensation is being paid at extra and the company is willing to paid special dividend, it still need to take into account after deducting all the cost such as removing cost, expansion of factory etc. I think the compensation received wouldn't left much after all these cost incurred
haha .. thx bro Agak. i sold already this morning. Earned a bit then run. this stock share volume is small. scare will get caught later. wish u earn more bro.
Ya .. i agreed. If the acquired land by mrt2 is an empty land which not going to affected current on-going business then would be good news. Let's see how low can it go, will buy back later.
Leonfb will offer further grow potential as its Factory and Warehouse was completed last quarter. New machinery are on the way to add into new factory. At low multiple PER 7.5x, it's still undervalued as contribution from new factory to kick in soon.
haiz, bro agak kesian. Btw, LEONFB price now is stabilized, currently oversold (RSI < 30) and there are two resistances, one at 0.695 and another at 0.76 Did MITI announce the final decision yet?
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TomyamGong
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Posted by TomyamGong > 2017-03-30 11:49 | Report Abuse
be patient :)