LCTH CORPORATION BHD

KLSE (MYR): LCTH (5092)

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Last Price

0.575

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0

Financial

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Last 10 FY Result
AQR T4Q 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 31/12/10 31/12/09 31/12/08 CAGR
Revenue 102,380 114,287 111,956 113,581 120,118 126,061 206,606 287,438 116,322 130,199 215,771 289,130 -9.99%
PBT 4,868 12,092 13,054 17,059 24,155 12,331 16,894 -27,921 -21,516 -24,088 7,435 27,158 -7.81%
Tax -1,824 -2,643 -2,828 -2,579 823 579 -1,086 4,449 2,335 4,133 -61 -7,028 -9.61%
NP 3,044 9,449 10,226 14,480 24,978 12,910 15,808 -23,472 -19,181 -19,955 7,374 20,130 -7.24%
-
NP to SH 3,044 9,449 10,226 14,480 24,978 12,910 15,808 -23,472 -19,181 -19,955 7,374 20,130 -7.24%
-
Tax Rate 37.47% 21.86% 21.66% 15.12% -3.41% -4.70% 6.43% - - - 0.82% 25.88% -
Total Cost 99,336 104,838 101,730 99,101 95,140 113,151 190,798 310,910 135,503 150,154 208,397 269,000 -10.23%
-
Net Worth 210,599 210,599 20,984,400 208,584 208,512 187,128 174,284 158,399 183,504 198,109 223,018 219,665 65.91%
Dividend
AQR T4Q 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 31/12/10 31/12/09 31/12/08 CAGR
Div - 3,600 3,600 9,000 14,400 - - - - - 4,784 6,301 -6.02%
Div Payout % - 38.10% 35.20% 62.15% 57.65% - - - - - 64.88% 31.31% -
Equity
AQR T4Q 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 31/12/10 31/12/09 31/12/08 CAGR
Net Worth 210,599 210,599 20,984,400 208,584 208,512 187,128 174,284 158,399 183,504 198,109 223,018 219,665 65.91%
NOSH 360,000 360,000 360,000 360,000 360,000 360,000 360,091 360,000 359,812 360,198 359,707 360,107 -0.00%
Ratio Analysis
AQR T4Q 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 31/12/10 31/12/09 31/12/08 CAGR
NP Margin 2.97% 8.27% 9.13% 12.75% 20.79% 10.24% 7.65% -8.17% -16.49% -15.33% 3.42% 6.96% -
ROE 1.45% 4.49% 0.05% 6.94% 11.98% 6.90% 9.07% -14.82% -10.45% -10.07% 3.31% 9.16% -
Per Share
AQR T4Q 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 31/12/10 31/12/09 31/12/08 CAGR
RPS 28.44 31.75 31.10 31.55 33.37 35.02 57.38 79.84 32.33 36.15 59.99 80.29 -9.99%
EPS 0.84 2.62 2.84 4.02 6.94 3.59 4.39 -6.52 -5.33 -5.54 2.05 5.59 -7.24%
DPS 0.00 1.00 1.00 2.50 4.00 0.00 0.00 0.00 0.00 0.00 1.33 1.75 -6.02%
NAPS 0.585 0.585 58.29 0.5794 0.5792 0.5198 0.484 0.44 0.51 0.55 0.62 0.61 65.91%
Adjusted Per Share Value based on latest NOSH - 360,000
AQR T4Q 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 31/12/10 31/12/09 31/12/08 CAGR
RPS 28.44 31.75 31.10 31.55 33.37 35.02 57.39 79.84 32.31 36.17 59.94 80.31 -9.99%
EPS 0.84 2.62 2.84 4.02 6.94 3.59 4.39 -6.52 -5.33 -5.54 2.05 5.59 -7.24%
DPS 0.00 1.00 1.00 2.50 4.00 0.00 0.00 0.00 0.00 0.00 1.33 1.75 -6.02%
NAPS 0.585 0.585 58.29 0.5794 0.5792 0.5198 0.4841 0.44 0.5097 0.5503 0.6195 0.6102 65.91%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 31/12/10 31/12/09 31/12/08 CAGR
Date 30/03/18 30/03/18 29/12/17 30/12/16 31/12/15 31/12/14 31/12/13 31/12/12 30/12/11 30/12/10 31/12/09 31/12/08 -
Price 0.57 0.57 0.54 0.49 0.76 0.255 0.20 0.14 0.17 0.26 0.29 0.16 -
P/RPS 2.00 1.80 1.74 1.55 2.28 0.73 0.35 0.18 0.53 0.72 0.48 0.20 27.15%
P/EPS 67.41 21.72 19.01 12.18 10.95 7.11 4.56 -2.15 -3.19 -4.69 14.15 2.86 23.40%
EY 1.48 4.60 5.26 8.21 9.13 14.06 21.95 -46.57 -31.36 -21.31 7.07 34.94 -18.96%
DY 0.00 1.75 1.85 5.10 5.26 0.00 0.00 0.00 0.00 0.00 4.59 10.94 -17.90%
P/NAPS 0.97 0.97 0.01 0.85 1.31 0.49 0.41 0.32 0.33 0.47 0.47 0.26 -30.35%
Price Multiplier on Announcement Date
AQR T4Q 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 31/12/12 31/12/11 31/12/10 31/12/09 31/12/08 CAGR
Date 14/05/18 14/05/18 28/02/18 22/02/17 26/02/16 27/02/15 25/02/14 28/02/13 28/02/12 25/02/11 23/02/10 27/02/09 -
Price 0.57 0.57 0.56 0.58 0.59 0.34 0.21 0.145 0.20 0.25 0.34 0.14 -
P/RPS 2.00 1.80 1.80 1.84 1.77 0.97 0.37 0.18 0.62 0.69 0.57 0.17 29.95%
P/EPS 67.41 21.72 19.71 14.42 8.50 9.48 4.78 -2.22 -3.75 -4.51 16.59 2.50 25.77%
EY 1.48 4.60 5.07 6.93 11.76 10.55 20.90 -44.97 -26.65 -22.16 6.03 39.93 -20.48%
DY 0.00 1.75 1.79 4.31 6.78 0.00 0.00 0.00 0.00 0.00 3.91 12.50 -19.41%
P/NAPS 0.97 0.97 0.01 1.00 1.02 0.65 0.43 0.33 0.39 0.45 0.55 0.23 -29.40%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
6 people like this. Showing 50 of 3,733 comments

Chan Yew Kee

why the time extension by 2 weeks to finish the assessments n make a recommendation? Is there possibility of hidden assets? or something else which cannot be confirmed? Hopefully there is some hidden assets.

2018-01-05 18:27

miker

We refer to the announcements dated 7 December 2017, 4 January 2018 and 5 January 2018 in relation to the Proposed SCR.



In accordance with Paragraph 3.06 of the Rules on Take-Overs, Mergers and Compulsory Acquisitions 2016, the Board (save for the interested directors who are the persons acting in concert with Fu Yu Investment Pte Ltd, being Hew Lien Lee, Tam Wai, Ho Nee Kit and Ching Heng Yang (collectively, the “Interested Directors”)), had on 8 January 2018 appointed Mercury Securities Sdn Bhd as the Independent Adviser to provide comments, opinions, information and recommendations to the Board (save for the Interested Directors) and to the entitled shareholders in respect of the Proposed SCR.



This announcement is dated 8 January 2018.

2018-01-10 10:45

Peter2357

Annual Report 2016...
Mr.Fong Siling(cold eye) is the no.5 largest shareholder.

2018-01-10 20:22

Intelinvestor13

Barring any unforeseen circumstances and subject to LCTH obtaining the necessary approvals
and/or consents from the relevant authorities/parties as disclosed in Section 5 of this
announcement, the Proposed SCR is expected to be completed in the second quarter of 2018.

2018-01-11 09:53

miker

LCTH is no HOVID

2018-01-12 10:13

miker

PAC already on their side.

2018-01-12 10:16

miker

No resistance at all to SCR, else the price should hanging around 0.575...minorities are 'forced' to accept the SCR.

2018-01-12 10:23

miker

At 0.58, Cold eye pun rugi byk


Peter2357 Annual Report 2016...
Mr.Fong Siling(cold eye) is the no.5 largest shareholder.

2018-01-12 12:20

wan7075

Cold eye manage to fail the SCR with his holding qty?

2018-01-12 18:08

IANFUJI

Still not moving...

2018-01-23 13:43

miker

Before EGM, this counter can be considered already dead lol.

2018-01-23 14:58

IANFUJI

Start moving and expected to move higher.

2018-01-24 15:07

Anything

when would be the announcement??

2018-01-25 15:04

1nv3st0r

No announcement?

2018-01-30 13:16

miker

We refer to the announcements dated 7 December 2017, 14 December 2017, 4 January 2018, 5 January 2018, 8 January 2018, 10 January 2018 and 12 January 2018 in relation to the Proposed SCR.



On behalf of the Board, RHB Investment Bank wishes to announce that the Securities Commission Malaysia had, vide its letter dated 13 February 2018, informed that they have no further comments on the circular in relation to the Proposed SCR.



This announcement is dated 13 February 2018.

2018-02-14 09:39

greatest94

EGM on 8 March

2018-02-15 07:11

miker

Type of Meeting Extraordinary General Meeting
Indicator Notice of Meeting
Description LCTH CORPORATION BERHAD ("LCTH")
-Notice of the Extraordinary General Meeting ("EGM")

Enclosed Notice of the EGM of LCTH dated 14 February 2018 to convene the EGM on 8 March 2018.
Date of Meeting 08 Mar 2018
Time 02:00 PM
Venue Kayangan Suite, Pulai Springs Resort, 20KM Jalan Pontian Lama, 81110 Pulai, Johor, Malaysia
Date of General Meeting Record of Depositors 02 Mar 2018

2018-02-15 09:38

miker

How many of you will accept or reject the 0.58 cent offer?

2018-02-15 09:42

miker

...
...
In arriving at our conclusion and recommendation, we have considered the fairness and
reasonableness of the Proposed SCR based on all relevant and pertinent factors as
summarised below which you should carefully consider before voting on the Special Resolution
pertaining to the Proposed SCR to be tabled at the forthcoming EGM:-

Fairness
We view the Proposed SCR as NOT FAIR in view that the SCR Cash Amount of
RM0.58 is lower than and represents a discount of 9.38% to the estimated value
per LCTH Share of RM0.64.

Reasonableness
We view the Proposed SCR as REASONABLE in view of the following:-
(i) The SCR Cash Amount is:-
(a) higher than the daily VWAPs of LCTH Shares for 99% of the Market
Days in the past 1 year before the date of the SCR Offer Letter up to the
LPD, representing a premium of 8.33% over the VWAP of LCTH Shares
for the said period of RM0.5354; and
(b) higher than the daily VWAPs of LCTH Shares for 85% of the Market
Days in the past 3 years before the date of the SCR Offer Letter up to
the LPD, representing a premium of 10.18% over the VWAP of LCTH
Shares for the said period of RM0.5264.
(ii) The SCR Cash Amount represents a premium of between 4.37% and
31.82% over the 1-year VWAP up to the last traded market price of the LCTH
Shares on the LTD;
(iii) The LCTH Shares are illiquid, with a simple average monthly trading volumeto-free
float for the past 6 months up to November 2017 (being the last full
trading month prior to the LTD) of 3.88%; and
(iv) As at the LPD, LCTH has not received any alternative offer for the LCTH
Shares or any other offer to acquire its assets and liabilities. In view that the
Non-Entitled Shareholder currently holds a controlling stake of more than
70% equity interest in LCTH, any such offer will not be successful unless with
the support of the Non-Entitled Shareholder.

Recommendation
Premised on the above, Mercury Securities is of the view that the Proposed SCR is NOT FAIR
but REASONABLE.
Accordingly, we recommend that the Entitled Shareholders VOTE IN FAVOUR of the Special
Resolution pertaining to the Proposed SCR to be tabled at the forthcoming EGM.
...
...

2018-02-15 09:50

miker

...."WE RECOMMEND THAT THE ENTITLED SHAREHOLDERS VOTE IN FAVOUR OF THE SPECIAL RESOLUTION"...

2018-02-15 11:02

aliyusof

Mercury Securities view: 'offer not fair but reasonable'.... What sort of recommendation is this?? Actually it is not fair but to say 'reasonable' is not offend major shareholders who pay their fee. Read it as not fair and unreasonable, in reality, as i personally opine it.

2018-02-22 10:57

PenguinDad

Not fair becos the value is about RM0.64 but reasonable becos the average of the share price during that period is around RM0.58. However, everybody know the share price can be controlled by the sharks.

2018-02-22 14:58

pangolin

need at least 3 months time from now .... duit only masuk pocket

2018-02-22 18:29

k3nthiew

anyone attending EGM tmrw??

2018-03-07 11:04

k3nthiew

how? how? how? Anyone?

2018-03-08 15:43

Intelinvestor13

how's the EGM going?

2018-03-08 16:40

Intelinvestor13

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF LCTH PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 (“PROPOSED SCR”)

The terms used herein shall have the same meaning as those defined in the announcement made on 10 January 2018 unless otherwise stated.

We refer to the announcements dated 7 December 2017, 14 December 2017, 4 January 2018, 5 January 2018, 8 January 2018, 10 January 2018, 12 January 2018 and 13 February 2018 and the circular to shareholders dated 14 February 2018 in relation to the Proposed SCR.

On behalf of the Board, RHB Investment Bank wishes to announce that the Entitled Shareholders of the Company have approved the Special Resolution set out in the Notice of EGM dated 14 February 2018 in respect of the Proposed SCR (“Special Resolution”), at the EGM of the Company held today, 8 March 2018.

The Special Resolution is to be approved by a majority in number of shareholders and at least 75% in value to the votes attached to disinterested shares that are cast either in person or by proxy at the EGM of LCTH, provided that the value of votes cast against the resolution for the Proposed SCR at the EGM is not more than 10% of the votes attaching to all disinterested shares of the total voting shares of LCTH.

Based on the poll results, 74.07% in number and 98.57% in value to the votes attached to disinterested shares that were cast either in person or by proxy at the EGM voted in favour of the Special Resolution. Further, 0.18% of the votes attached to all disinterested shares of the total voting shares of LCTH voted against the Special Resolution. Therefore, the Special Resolution was carried.

The application to the High Court to seek the confirmation for the reduction of share capital under Section 116 of the Act will be lodged in due course.

This announcement is dated 8 March 2018.

2018-03-08 19:14

miker

Accept it or not, it is 58 cents

2018-03-08 20:53

wan7075

Hope the refund process can be faster

2018-03-09 16:56

wan7075

Hope can get my money back quickly!

2018-03-09 22:56

newbiehk2014

sold de

2018-03-11 22:02

clementlee

so the offer is passed ? with lcth cash in hand , it might equivalent to 30cts in share...it mean without the offer, the price only value at rm0.28 ?...cheap or not ?

2018-03-13 11:00

clementlee

heard got some group try to block this offer ..but is it too late liao ?

2018-03-13 11:01

hoplanner

Too late. HCourt cld only approve 2 mths fr now.

2018-03-14 23:06

clementlee

any possibility that court reject this offer ? or , if someone file objection on this ?

2018-03-16 09:53

pangolin

2 more months to go ..... hope can settle it ... fast

2018-03-31 21:57

Lim Tek Wai

No announcement?

2018-04-03 16:04

pangolin

possible announce special div 5c b4 game over ??

2018-04-16 15:36

pangolin

NO NEWS AT ALL ???

2018-05-13 15:45

PenguinDad

If special div RM0.05 and cash back RM0.58 then it will be total of RM0.63.
Not bad!

2018-05-15 14:54

firehawk

Court order obtained yesterday.

2018-05-15 17:23

pangolin

penguin dad ...... sorry ... is 0.005 .... half cents ..... 5 cents is mission impossible ....

2018-05-16 22:04

pangolin

finally ..... 8th can get durian jatuh

2018-05-18 18:55

pangolin

finally .... 8th june durian jatuh

2018-05-18 19:16

kanon

Anyone knows any procedure need to be done by me for the repayment? thanks

2018-05-18 23:56

PenguinDad

pangolin, I think the management decide to keep the special div for themselves.

2018-05-21 11:48

pangolin

Peguindad ... u r right ! durian kampong u take ..... there take musang king ....

2018-05-22 23:15

aliyusof

The refund for the shares under the SCR has already been sent to my account. However, the shares are still shown in my on line CDS account as of today. Wonder why? Same thing happen to any one here?

2018-06-13 17:41

Chinchan

same to me @aliyusof

2018-06-16 17:58

Timie

same here

2018-06-19 11:57

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