The Administration is already being tested heavily before MCO lifted. The number of infected cases and death is being reported everyday so this is a much more major test la!

Everyone is watching the Covid development closely on daily basis. This is the biggest test so far since two month ago.

So I think The Administration is being tested before, during and after MCO... What are the differences?

Buying some at 0.105... this seems to be a good bargain buy at 0.5 p/b with almost-certain double digit revenue growth for the next ten quarter (my guess)! but i am not sure how will the margin be...

got some at 0.51... will i make it?

I just checked the QR. The Equity to Shareholder is RM1059m (as at 30/06/2017) so i divide this by 2929m shares and the implied NBV per share is RM0.36.

The current share price of RM0.22 is implying 39% discount to NBV. This is a smaller discount compared to last year. The reason cited from friends above is due to recent Rights Issue at very low price.

Correct?

bought some at 0.61-0.62 today... will this work?

The point about 220m cash is invalid as the Company has 190m borrowings. The net cash is only 30m which is just 1-2 cent net cash per share.

But if the Segambut project phase 1 can be sold out this year then this stock will double or triple in the next 6-9 month - Right?

The analysis seems to be logical and compelling?

how to collect money as the Maryland people need to also pay money to subscribe to the Rights?

Are you sure the new NTA post-RI is so low at 0.24? Seem incorrect...

Based on 8:5 RI ratio, the adjusted price next week will be RM0.25 which is derived from {(0.32x5)+(0.21x8)}/13}. As the Rights share is RM0.21 so the L&G share price will likely be traded at around RM0.21 to 0.25 next week post- adjustment?

The the OR will also likely be trading at around RM0.01 to RM0.05 from 17-21 April (depending on the mother share performance post- adjustment)?

Appreciate comments / advice from all the sifus here. Thanks.

why keep saying about good fundamental when the company revenue and profit are so weak? sorry i am very confused...

the misleading price signal is a minor reason and i think the main reason for the continued oversupply is that the property developer are overly profit seeking and not willing to give up the fat profit made in the past five year so they continue to try their luck to push the projects with heavy discount as incentive.

why the wa is moving much slower than the mother? what is the reasonable or usual premium for this type of stock?

wa seems still very cheap at 10% premium only?

Based on the article, the company has 22 cent per share so it does not have enough cash to pay 40 cent capital reduction plus 18 cent dividend unless it borrows more. But how easily can the company raise more debt if the operation is loss-making for the recent quarters? I am confused.

Its phase 2 expansion plan that will increase its capacity by 70% is expected to be operational in 1H 2017. Right?

The main problem is the reputational damage that may affect the sale performance (customer confidence) and business development efforts.

The housing price declined in 2016 with high-rise condo price dropping roughly 10-20% and landed dropping roughly 5-10%. Please check out the fact before commenting that the house price did not drop in Malaysia.

Key questions:
(1) Whether the valuation is fair & reasonable? No one know this until the Company provides more details (i guess there will be a circular coming out to discuss this). But if the RM4.2bil GDV is valid assumption, then the value should be at least
(2) Whether the Rights Issues method is fair to minority? The alternative methods include (i) using the company cash balance to buy, or (ii) for company to issue new shares as consideration to the vendor (this is similar to private placement).

For (2), the Company needs to explain why are they not using the cash balance or new bank loans to buy the lands. If this explanation is reasonable, then Rights Issue is actually a fairer way for minority as compared to new share issuance as purchase consideration (because everyone can participate except the Rights Issue being too dilutive or giving too much discount).

Anyway, this is RPT so the minority can vote to decide after all the above info are provided.

Just my two cents.

i think the 85m profit is related to the one-off revaluation gain (also a non-cash item)?

I think its poor performance is the main issue la (e.g. he made a very very wrong call on Parkson). I vaguely remembered last time they said the exhibition is not sponsored by the fund money (shareholder money) but it is paid by the fund mgmt house.

Can we try benchmark his fees (ard 1.5%) to be excessively high compared to peers? Can we try benchmark his poor performance against some high-performing local fund so we know the gap?