LYSAGHT GALVANIZED STEEL BHD
KLSE (MYR): LYSAGHT (9199)
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2 people like this. Showing 50 of 357 comments
"Last 5 years EPS unstable and fluctuated significantly, from lowest point of 23sen to highest point of 48sen, PE ratio at 11, ROE 6.7%, and dividend yield is at 2.59%"
what is the impact of this?..meaning its good to cut loss now?
2019-02-19 15:12
LRT3 project back on track, completion in Feb 2024
LRT3
Friday, February 22nd, 2019 at , Economy | News
By ALIFAH ZAINUDDIN / Pic by MUHD AMIN NAHARUL
THE light rail transit line 3 (LRT3) project is back on track with the signing of a novation agreement between Prasarana Malaysia Bhd, MRCB George Kent Sdn Bhd (MRCBGK) and nine work package contractors (WPC) today.
The novation agreement, which is pursuant to the fixed price contract that was signed between Prasarana and MRCBGK on Jan 25, will allow the WPCs to migrate from the previous project delivery partner (PDP) scheme to the fixed price contract scheme.
Under the new arrangement, MRCBGK is now the turnkey contractor while Prasarana takes the role as the project’s employer. The fixed price contract for LRT3 was drawn up in line with instruction by the Ministry of Finance on July 12, 2018, to reduce the project cost to RM16.63 billion.
The signing of the novation agreement was witnessed by Finance Minister Lim Guan Eng, Transport Minister Anthony Loke Siew Fook and Federal Territories Minister Khalid Abd Samad.
Prasarana was represented by its president and group CEO Datuk Mohamed Hazlan Mohamed Hussain, while MRCBGK was represented by its LRT3 project director Patrick Hwang.
The nine other companies signing the agreement are infrastructure WPCs comprise of Mudajaya Corporation Sdn Bhd, WCT Construction Sdn Bhd, Gabungan Strategik Sdn Bhd, APEX Communications Sdn Bhd, Rahimkon Sdn Bhd, Sunway Construction Sdn Bhd, Pembinaan Jaya Zira Sdn Bhd, SN Akmida and Trans Resources Corporation Sdn Bhd.
Connecting Bandar Utama to Johan Setia in Klang, the competition date for the project under the new agreement is set for February 28, 2024.
The length of the new line is maintained at 37.6km, but the number of stations has been reduced from 26 stations to 20 stations. The five stations are listed as future stations. Park and ride facilities were reduced from 6,000 to 2,300 bays and the number of trains were revised from 42 sets of 6-car trains to 22 sets of 3-car trains.
This has allowed the final project cost to be reduced from RM31.65 billion to RM16.63 billion.
Datuk Mohamed Hazlan expressed confidence that Prasarana, MRCBGK and its partners will be able to meet the project’s new deadline.
“With the commitment and the drive of the new government for a better Malaysia, we are very confident that we can meet this deadline. To do this, however, we hope all our partners with the LRT3 project especially MRCBGK and the WPCs would work closely and amicably with us at Prasarana to meet our deliverables,” he said.
2019-02-23 11:14
Doubt anything to do with this company! China has technology to provide everything n cheaply too!
2019-08-03 23:16
My ex company..haha..what happen now lysaght..not so much projects by gov now..only road maintenance routine by konsesi
2021-07-12 16:07
if div are paid quarterly ??? this will become a good company in bursa
2023-02-24 14:02
The Company shows sign of meaningful recovery with its latest FY's profit (RM0.1705/share) more than doubled those of previous FY's (RM0.0823/share). However, the first and final dividend is only RM0.03/share. Until its dividend returns to at least RM0.07/share as in 2017-2019, the share price will not recover.
2023-04-28 09:33
Over the past 14 years, the company achieved an average ROE of 9 %. The mean ROE of the Bursa steel sector over the same period averaged negative 1 %. Kudos to the company as it is tough sector to make money as per https://www.malaysiastock.biz/Blog/BlogArticle.aspx?tid=26718
2023-07-22 14:15
120k shares queueing to buy at RM2.10. Wise choice, wonder who's buying....
2023-09-20 11:34
LYSAGHT is finally on the road to recovery? Hopefully it will resume its previously generous dividend payout soon... ;)
2023-11-23 05:33
At 2.25, LYSAGHT is being valued at barely above its net cash per share of 2.09 per share. It is good opportunity to accumulate at the current price as its business should resume upward trend post covid-19
2023-11-23 10:10
With its retained earnings being 3 x its share capital, LYSAGHT would be doing its shareholders good if a 1 for 1 bonus share issue is announced.... ;)
2023-11-23 10:21
Alternatively, LYSAGHT should declare a special dividend of RM0.50/share. It has currently a cash per share backing of RM2.09. LYSAGHT has declared a dividend of RM0.50/share back in 25 November 2014 when its cash per share was only RM1.06... ;P
2023-11-23 10:27
LYSAGHT's current price is still very reasonable considering the fact that it is on the road to recovery this year. Accumulate before it is too late...
2024-01-30 09:58
Is Lysaght a value trap?
Lysaght Galvaized Steel has been able to maintain its revenue and profits over the past 12 years. While not fantastic considering that global demand is projected to grow at around 4% CAGR, the company is profitable.
The company is also financially ok with about half of its total assets in cash form. There is also currently > 30 % margin of safety from its Asset Value and Earnings Value. It is not in a sunset sector and there is no sign of digital disruption. As such I do not think Lysaght is value trap.
https://www.youtube.com/watch?v=04XUJsz_nIM
2 months ago
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LouiseS
Last 5 years EPS unstable and fluctuated significantly, from lowest point of 23sen to highest point of 48sen, PE ratio at 11, ROE 6.7%, and dividend yield is at 2.59%.
https://louisesinvesting.blogspot.com/2019/02/preliminary-screening-of-counters-with.html
2019-02-16 16:51