LONDON BISCUITS BHD

KLSE (MYR): LONBISC (7126)

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0.02

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6 people like this. Showing 50 of 3,249 comments

Narialse

The time for the aussie fund or anyone in charge to show that they have a credible ability to turn the company around was during the hearing for the winding up petition. Now that judgement has been passed, the company effectively out of business and any directors have no say in the day to day activity. All power resides in the liquidator who will now sell off for any assets the companies owns to the highest bidder. These assets include any recipes and trademarks the London Biscuits own.

The cheapest option for any 'white knight' who wants to save the company now is to form a new company and buy all these assets including IP such as recipes and product names from the liquidator at these discounted rates and sell them as their own. Where this leaves shareholders of London Biscuits is shit out of luck because why would you buy shares in a company that is being wound up? Or why would you 'invest' in a company without finding out what a winding up order actually means? Answer is you were gambling. Poorly.

2020-01-21 13:31

sasword

Post removed.Why?

2020-01-21 16:27

Trouble Huat

already being warned. some believe fairy tale that this stock will up. whoever buy, take it as your lesson. there is no free lunch in this word. do study before lose your hard earned money. unless u like to lose. haha

2020-01-21 18:28

William Ng

Those who buy this stock is gabling

2020-01-21 18:59

CharlesT

Narialse The time for the aussie fund or anyone in charge to show that they have a credible ability to turn the company around was during the hearing for the winding up petition. Now that judgement has been passed, the company effectively out of business and any directors have no say in the day to day activity. All power resides in the liquidator who will now sell off for any assets the companies owns to the highest bidder. These assets include any recipes and trademarks the London Biscuits own.

The cheapest option for any 'white knight' who wants to save the company now is to form a new company and buy all these assets including IP such as recipes and product names from the liquidator at these discounted rates and sell them as their own.

no need to pay bank loans of RM300M+ ah?

2020-01-22 05:10

Narialse

That's why no point to save the shareholders, if you have the money, just form a new company and buy the IP etc at firesale from the liquidator. For sure it's not worth RM 330million.

2020-01-22 07:42

EatCoconutCanWin

why stop trading?

2020-01-22 10:08

Narialse

Because the company's stopped work, having it's assets sold off and will be dissolved. Look up court ordered winding up process.

2020-01-22 10:47

Daily8

CharlesT, NO COMPANY EVER DARE TO TAKE OVER. Valuation of assets need time. All debts with be compounded with interest.

But I think they have swapped to kheesan

2020-01-22 11:25

CharlesT

Hole is too deep n too big oredi...

2020-01-22 17:30

tigerball

eat coconut till crazy? u simply buy at low??? hahahah

2020-01-23 10:26

Alan Lobster

Alvin Tsk now bones also gone....all gone .....I think u desperately need an ambulance

2020-01-23 21:12

i3lurker

its cheaper to liquidate.

branding is cheap in internet age.

does not cost much to build up a brand.

you should have sold when there was some value at 8 sen and above...

2020-01-23 21:17

icecool

ah soon can say bye bye

2020-01-23 21:23

AlvinTSK

As shareholder, still not too late to go collect scrap metal from london biscuit site right ?? lol
Need to break even ... hehe

2020-01-24 07:31

Alan Lobster

OMG all gone with no chance to rebound...its like throwing hard earned money into the Deep Red Sea...human greeds kills ...

2020-01-24 18:02

Zuliana

Which bank pinjam kepada Lonbisc? Bank oso need to Jump klcc?

2020-01-24 18:18

calvintaneng

Already gave ample warning to sell London Biscuit on 13 Jan 2020

See

Posted by calvintaneng > Jan 13, 2020 11:12 AM | Report Abuse X

SELL LONDON BISCUIT BEFORE IT CLOSED SHOP LIKE UTUSAN

THEN SEE

LOOK AT THESE FACTS

1) AUGUST 2019

NETX DIRECTORS USE ASIABIO TO BUY 103 MILLION NETX SHARES FROM OPEN MARKET

2) PP WHICH SHOULD BE POSTPONED TO JAN WERE URGENTLY BROUGHT FORWARD TO NOV 2019 & EAGERLY ALL TAKEN UP AT 1.89 SEN


3) IN DECEMBER 2019 EMPLOYEES OF NETX EAGERLY TOOK UP 50 MILLION NETX SHARES at 2 SEN

WHILE OUTSIDERS AND NAYSAYERS TALK AND TALK BAD ABOUT NETX INSIDERS/DIRECTORS OF NETX JUST BUY AND BUY


ANY ONE HERE TOOK CALVIN KIND ADVISE & SWITCHED TO NETX?

2020-01-24 18:30

Alan Lobster

5 mil loan default , 7 mil mafket capl only ...looks.like a bye bye american pie ...

2020-01-25 20:35

AlvinTSK

Kinos Industries still operational!! So still got chance that we get something from there ... So why worry?? lol

2020-01-26 15:38

Kho Hon Hua

any update on this stock ?

2020-01-29 15:43

Narialse

Yes, the outcome of the EGM on 23 January is null and void because the company is being wound up. If you have money in this company, it is as good as gone.

2020-01-29 18:36

Jeffreyteck

Just sue past auditors, bod and management since no action by relevant authorities.

2020-01-30 07:10

Narialse

To a degree yes, but if you bought after the winding up order was given, you only have yourself to blame.

2020-01-30 11:52

popup123

The AGM not on 31/01/2020?

2020-01-30 23:26

iwantberich

We refer the Company’s previous announcements dated 18 September 2019, 30 September 2019, 7 October 2019, 21 October 2019, 23 October 2019, 24 October 2019, 21 November 2019, 3 December 2019, 6 December 2019, 31 December 2019, 7 January 2020 and 13 January 2020 (“Announcements”). Unless otherwise defined in this announcement, the terms used herein shall have the same meaning as defined in the Announcements.



The Company wishes to announce that the liquidator has set 02 March 2020 for parties interested in the Company’s assets and businesses to submit bids or proposals.

The Company will make necessary announcements as and when there are further developments.



This announcement is dated 06 February 2020.

2020-02-06 19:24

iwantberich

Good news coming on 02 Mar 2020, lets see

2020-02-06 19:24

Narialse

What happens on 2nd march is the liquidator will lelong the company's assets to the highest bidder. The proceeds of which will be used to pay the company's debts. The total assets of the company cannot cover the total debts so the shareholders will be left with nothing.

2020-02-06 20:35

Depeche

Debts too heavy....bail out by white knight unlikely.

2020-02-06 23:38

Alan Lobster

bye bye london choco roll....

2020-02-07 07:46

EngineeringProfit

Sad. Used to be my favourite in my earlier days. Bye!

2020-02-07 07:49

Jeffreyteck

"London" brand is belonged to which company? In Thai, packaging stated manufactured by Kheesan. Liquidator owes to list down all receivables written off.

2020-02-20 09:24

EatCoconutCanWin

go bangkrap la.. for what you sent stupid letter to me. told to damn vote la, you think your company cake taste good meh? walao eh..

2020-02-20 10:23

Kho Hon Hua

this got any news ?

2020-02-25 14:23

ivan9511

Just wonder now all biscuits is selling hot as we can see at anywhere shop market 99 all keep buying biscuits.
I wonder Hupseng and London biscuits can made a super big money in the future?

2020-03-30 13:09

Kent33888

Waiting for 2021,even hopeless...for this company only sell products in few store

2020-05-04 23:23

Miz Raya Bloom

Post removed.Why?

2020-05-07 10:30

apolloang

uncle pang u no come here say positive words? hahaha

2020-05-16 01:44

apolloang

ask uncle pang to pray for u this counter,he's very positive....hahaha

2020-05-16 01:55

ezx7

So what's going to happen now.. sigh..

2020-05-27 12:44

kok_wai1985

Is that London Biscuit go bankrupt?

2020-07-11 12:31

icha6285

london biscuit was a good profit company but company owner misdoing wrong investment at singapore and make alot of losses there...

2020-07-11 20:55

frankietan

Any news about this counter ?

2020-10-14 15:09

wlcl59

any news about this counter ?

2020-12-03 18:31

trum

I am one lot shareholder of London biscuit and in the end and get nothing in return.

2021-06-26 09:47

thokp

All ikan bilis still alive?

2021-06-27 21:05

Citadel9999

jadi ikan masin lor hahaha

2021-06-27 21:14

felet404

Looks like another conman counter? Go listed then milk the company dry?

2023-12-10 09:18

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