LAND & GENERAL BHD-ICULS 13/18

KLSE (MYR): L&G-LA (3174LA)

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Last Price

0.115

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0

Financial

T4Q

31-Mar-2021

2020

31-Mar-2021

2019

31-Mar-2021

2018

31-Mar-2021

2017

31-Mar-2021

Total assets

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current assets

238

1000

110

900

600

Cash & equivalents

238

1000

110

900

600

Short term investments

238

1000

110

900

600

Total receivables, net

238

1000

110

900

600

Accounts receivable - trade, net

238

1000

110

900

600

Other receivables

238

1000

110

900

600

Total inventory

238

1000

110

900

600

Inventories - work in progress

238

1000

110

900

600

Inventories - progress payments & other

238

1000

110

900

600

Inventories - finished goods

238

1000

110

900

600

Inventories - raw materials

238

1000

110

900

600

Total non-current assets

238

1000

110

900

600

Long term investments

238

1000

110

900

600

Note receivable - long term

238

1000

110

900

600

Investments in unconsolidated subsidiaries

238

1000

110

900

600

Other investments

238

1000

110

900

600

Net property/plant/equipment

238

1000

110

900

600

Gross property/plant/equipment

238

1000

110

900

600

Accumulated depreciation, total

238

1000

110

900

600

Deferred tax assets

238

1000

110

900

600

Net intangible assets

238

1000

110

900

600

Other current assets, total

238

1000

110

900

600

Total liabilities

238

-1.64%

1000

+11.55%

110

+81.66%

900

-13.16%

600

+235.36%

Total current liabilities

-238

-1000

-110

-900

-600

Total non-current liabilities

-238

-1000

-110

-900

-600

Long term debt

238

1000

110

900

600

Long term debt excl. lease liabilities

238

1000

110

900

600

Capital and operating lease obligations

238

1000

110

900

600

Provision for risks & charge

-238

-1000

-110

-900

-600

Deferred tax liabilities

-238

-1000

-110

-900

-600

Other liabilities, total

-238

-1000

-110

-900

-600

Total equity

-238

-1.64%

-1000

+11.55%

-110

+81.66%

-900

-13.16%

-600

+235.36%

Total liabilities & shareholders' equities

238B

1000B

110B

900B

600B

Total debt

238

1000

110

900

600

Book value per share

-238

-1000

-110

-900

-600

Discussions
1 person likes this. Showing 50 of 422 comments

sephiroth

can't convert online, must fill up the form, page 3, (A) debit yr loan stock, (B) credit mother shares

2014-07-30 15:58

TanDavid88

Mr Ooi's pick is correct again. Buy and hold for 2 to 3 months to win big is his strategy.

2014-07-30 16:03

zelmel

So mean no matter what price we buy just add extra 13 sen for the amount we buy?

2014-07-30 16:18

wwwcomment

i think is like this: now the price is 0.48, so total cost incur is 0.48+0.26 to get one mother share?

2014-07-30 16:21

sephiroth

yup, even u buy now at 0.49 (+0.13) vs mother share price, sudah untung kaw kaw mah but only downside 8 working days to convert

2014-07-30 16:22

wwwcomment

what is the meaning of "by surrendering RM0.13 nominal value of ICULS"?

2014-07-30 16:23

wwwcomment

my understanding is price of ICULS cut by 0.13 and on top of that pay another 0.13, so total 0.26? sorry i am confused.

2014-07-30 16:29

sephiroth

very simple, just pay RM130 to convert 1,000 loan stock to 1,000 mother share

2014-07-30 16:36

JXRepcoBuffet

a lot of ppl confusing now... all just follow sephiroth, he is right. Just RM130 for each LA u bought.

2014-07-30 16:53

dukuking

y la only 50cents,n mother up to 0.675,[0.50 +0.13 =0.63],hope tomorrow is the show for la

2014-07-30 16:56

tjhldg

kikikikiii

2014-07-30 17:48

dukuking

买一张la0.50加0.13可以换一张价值0.68的母股,超划算

2014-07-30 20:01

jian9009

yup you are right ^^ .... but have some difficulties to convert it .... need to fill up a form and then send it .... cost your time

2014-07-31 07:59

Ravi Kumar

This is a real undervalued counter with potential to hit 1.20++++ easily by year end.

2014-07-31 08:20

investor88

Norwegian fund Noges allots RM800mil to invest in Malaysian small, mid-cap stocks

http://www.thestar.com.my/Business/Business-News/2014/07/31/Norges-allots-RM800mil-for-small-midcap-stocks/

2014-07-31 08:56

tanyuethan

i converted earlier. didnt receive the dividend oso

2014-07-31 09:02

JXRepcoBuffet

if i don't convert, and if there's any bonus issue, this LA will be adjusted accordingly or not?

2014-07-31 14:39

Ravi Kumar

To those who sold thank you very much I collect.

2014-08-01 10:56

stockguru

Bravo to L&G stock !

2014-08-01 13:00

Ravi Kumar

Undervalued and not speculative!!!!

2014-08-01 13:03

Ravi Kumar

This is worth at least 55 sen based on the mother share of 68 sen

2014-08-01 14:34

Gji Gan

Come on 0.55, jalan jalan ,kikikii

2014-08-11 11:19

Lollipot Anison

just submit my conversion form

2014-08-11 15:55

Lollipot Anison

hot cakes now

2014-08-12 15:04

Gji Gan

Gogogo

2014-08-12 16:17

Lollipot Anison

standing at all time high. tml will retest 55

2014-08-13 00:21

Gji Gan

Gogogo 0.55

2014-08-13 09:14

fishbone

I've been holding it since the first day it's launched

2014-08-18 00:23

Lollipot Anison

what is this loan stock interest?

2014-08-24 22:41

beso

1%

2014-08-25 17:57

andyhard

L&G-LA going to burst

2015-01-22 09:44

tssl74

dear all,
any update for L&G-LA?
hold for quite long.
Worth holding?

2015-04-21 09:57

wcw1985

a dead stock. keep on dropping. no volume. although cash rich but couldnot perform. useless.

2015-06-25 11:56

leslieroycarter

iculs exercise price is 26c + current market price 29.5c =55.5c
mother share 43c
over-value by 12.5c, right?
so , iculs shall trade 12.5-13c to break -even, right ?
if wrong, please correct...

2015-10-20 12:28

chinesetehping

Hai, can anyone explain to me why the exercise price is RM0.26, Last time it was RM0.13. assuming i convert the warrants RM0.2859(current market price) +RM0.26 (exercise price) = RM0.545 (currently the ordinary share is RM0.435).
is it overvalued by RM0.11 ?

Hope to get a solid explanation from this. Thanks

2016-09-20 22:35

huat888

Hi! Wrong interpretation, friend!
CorrectICULS exercise prise is rm0.26. However ICULS issued price is rm0.13 itself, So just add rm 0.13 to convert. As. ICULS at rm0.13 + rm0.13 = exercise price.rm0.26.

2016-09-21 10:42

valueinvestor

There are 2 choices or methods to convert the ICULs which were issued at 13 sen per ICUL in 2013:-


1. Surrender One ICUL plus 13 sen cash in exchange for One share, or
2. Surrender Two ICULs in exchange for One share. (no need to pay anymore cash)


So, just convert the ICULs under Method 1 when the ICULs are traded above 13 sen in the market.

If the market price for the ICUL drops below 13 sen, then use Method 2 to convert.

Unfortunately, a lot of people may have thought that the ICUL holder has to surrender One ICUL plus 26 sen cash to convert into one ordinary share. This partly explain why the ICULs always trade at a discount in the market. The conversion price of 26 sen published in the newspapers without detailed explanation has confused or misled a lot of people to simply sell or throw the ICULs at below the intrinsic value.

Quite pitiful though.

The ICUL holders should convert the ICULs first and then sell the converted ordinary shares which should fetch a better price based on the last 2 years scenario since the ICULs have been mostly under-priced.

2016-09-22 22:30

chinesetehping

Thank you huat888.
Thank you valueinvestor for the detail explanation. :)

2016-09-23 00:46

chinesetehping

Another question for valueinvestor. So, using method 1, if i convert my ICUL now by adding the extra RM0.13, (0.28+0.13= 0.41) current mother share is RM0.44. (i earn RM0.03?)

using method 2, surrender two ICULS in exchange for mother share (0.28+0.28 = 0.52), (lose RM0.08??)

2016-09-23 01:30

Eric Fong

To convert to mother share, there are 2 option:

1) 2 ICULS change for 1 mother share
or
2) 1 ICULS + RM0.13 for 1 mother share

2016-09-23 01:45

Eric Fong

ICULS now is RM0.28 + RM0.13 = RM0.41
Worth to buy and convert now.

2016-09-23 01:45

tssl74

L&G-LA kept dropping.
What is the next best step of action????

2016-11-03 10:13

luckyman

The issue price of the ICUL was 13 sen. Previously one needs to surrender one ICUL plus 13 sen cash to exchange for one ordinary share when the conversion price was 26 sen.

Now the conversion price will be reduced to 20 sen but the issued price of ICUL remains at 13 sen due to the impending rights issue of the mother share. Hence, going forward, one will have to surrender 1 ICUL (issued price @ 13 sen) plus 7 sen only to exchange for one ordinary share after the ex-date for the impending rights issue for the mother share.

Therefore, the upside will be good when the mother share starts to rally in the second half of 2017.

2017-04-02 13:43

The_Reds

Luckyman..can i buy it on9 and convert ?

2017-05-05 22:43

tssl74

Luckyman, have you convert?
if not, when is the best time to do so?

2017-06-08 16:35

Steven Yit

If buy now 0.15. How to calculate chg to mother share

2017-12-04 16:38

kilrathi

Any updates on l&g-la? Price keeps down..??

2018-04-06 00:38

Hitto

Anyone know how to fill the conversion form?

2018-06-28 11:57

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