Sorry, format run out, please refer to the AR itself

AR 2013 P.82
(i) The currencies exposure profile of loans and borrowings are as follows:-
Group Company
2013 2012 2013 2012
RM’000 RM’000 RM’000 RM’000
Ringgit Malaysia 15,638 38,249 5,523 26,062
United States Dollar 106,160 98,668 106,160 98,668
=========================================
121,798 136,917 111,683 124,730

LIONIND SHARE BUY BACK, Hmmm...what is the reason of doing this?....any good?

Just my own thought, I don't know got such thing call EBITA PAT, EBITA EPS and EBITA PE or not :)

I estimate the EBITA PAT is RM54,916,000 for FY14. if maximum exchg lost said minus 10MIL, beocome RM44,916,000. EBITA EPS will be 0.452, and EBITA PE as per RM1.6 will be 3.5423.

Take maximum case : total borrowing RM87,425,000, if exchg lost is say from 3.2 raise to 3.55, is about 11%. so maximum impact is about 9.6MIL. Not yet consider Revenue exchg gain which may contra off some amount of loss. Other consideration, if not only RM weak, High USD is also pressure to Japan and other countries, will they less buy due to this? Or will Japan and other countries can deal Yen/other currency directly with Hevea?

got 716,095,365 share, now is 0.485, meaning spend (716,095,365x0.485)=RM347,306,252 can own LIONIND (in theory)

bukit pasir? Batu Pahat?

anyway, all my available information are limited

Thanks so much ckwan11d, somehow we share the same thought, no fundamental change from all available information yet this stock keep dropping while the overall market is down.........isn't it a clear signal ????

Crude oil low, US high, RM weak, all these got any impact to this counter?

apa ni 水靜河飛?

Bot 2 Lots at 0.53

Simon, you need Lexapro? :)

Whatever is it, it is interesting to see the going to be...

HAHAHA

http://biz.sinchew.com.my/node/105940?tid=6

http://www.theedgemarkets.com/my/article/homeritz-rises-3-after-insider-asia-says-co-undervalued

lands, stock(may need to be discounted) , cash, lionfib, parkson, AR (may need to be discounted)

How about asset value per share ?

http://themalaysianreserve.com/main/news/corporate-malaysia/6980-megasteel-to-benefit-from-anti-dumping-move-by-govt

http://www.miti.gov.my/cms/content.jsp?id=com.tms.cms.article.Article_166f6d4c-c0a8156f-35b220a3-80c1cc4c

What I mean is the earnings before interest, taxes and amortization....

What is the EBITA of LIONIND 2014?

2012 AR P.38
Emphasis of Matter
Without qualifying our opinion, we draw attention to Notes 5(ii)(f) and 37 to the financial statements, which further
explain an uncertainty regarding the provision for damages arising from a litigation claim; and to Note 5(ii)(d) regarding
the credit risk with a related party.

2013 AR P.39
Emphasis of Matter
Without qualifying our opinion, we draw attention to Note 5(ii)(f) and Note 36 to the financial statements, which further
explain an uncertainty regarding the provision for damages arising from a litigation claim; and to Note 5(ii)(d) regarding
the credit risk with a related party.

2014 AR P.42
Emphasis of Matter
Without qualifying our opinion, we draw attention to Note 5(ii)(f) and Note 36 to the financial statements, which further
explain an uncertainty regarding the provision for damages arising from a litigation claim; and to Note 5(ii)(d) to the
financial statements regarding the credit risk with related parties, namely Megasteel Sdn Bhd, Lion DRI Sdn Bhd and
Graimpi Sdn Bhd.

earn while sleeping...while eating....not standing and waiting anxiously...

這怎生是好?他一直下猛藥狂踩, 而我又有自己的章程, 堅守至今,哎呀呀....苦惱....

Below is just my own sharing, read it at your own risk and judgement.


OK, beside the RM0.553, let's look at Parkson,
1.) Lionind hold 20.6% of parkson, parkson as at today is : 2.58.
Parkson issue share = 1,093,902,000
20.6% will be 225,343,812
thus 1 lot of lionind hold = 225,343,812/ 717,235,865= 0.3141 lot of parkson= RM0.8105

I didn't count in LIONFIB although lionind hold 77.2% of LIONFIB, and as at today, the price of
lionfib is 0.82.

So, just based on the above 2 land and parkson :
1 lot of lionind will have the value of =0.553 + 0.8105 = RM 1.363.
Am I right ?

Below is just my own sharing, read it at your own risk and judgement.

From the 2013 Annual Report :
Lionind own some properties, I list down 2 among all :
1.) Taman Supreme Freehold 11.9HA Land For future, net book value 7.9 million.
11.9 HA= 1280905 SF. I am not so sure how much PSF at Taman supreme, cheras.
Let say it is RM100 PSF, thus the value will be RM128,090,500.

2.) Mukim 17, North East District, Baru Ferringhi,Pulau Pinang. 28.7HA, net book value 32.2 million
I suppose the land there should be quite valuable, again, let say it is RM100 PSF.
thus 28.7HA=3089242SF, thus the value will be RM 308,924,200

So the extra value will be : (128,090,500 - 7,900,000) + (308,924,200 - 32,200,000)= RM396,914,700.

Based on 2013 AR, total share issue = 717,235,865
thus for the above 2 lands, 1 lot of lionind will have RM0.553.
However I not sure the supreme PSF is it correct....or too high??? and Penang baru(shld be batu but the report put baru) Ferringhi is it also correct PSF assume ?

Holding one lot of CCM representing holding how many lot(share) of CCMDBIO?

TP?

how about from 2008 to 2014 Aug?

Just realized Q4 report come out.....

Quarterly rpt on consolidated results for the financial period ended 30/6/2014

LION INDUSTRIES CORPORATION BERHAD

Financial Year End 30/06/2014
Quarter 4
Quarterly report for the financial period ended 30/06/2014
The figures have not been audited

thanks so much, i will beware of this creative accounting and read all info.....

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RECURRENT RELATED PARTY TRANSACTIONS PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

LION INDUSTRIES CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

The Board of Directors of Lion Industries Corporation Berhad (“LICB”) wishes to announce that the Company proposes to seek shareholders’ approval for the procurement of a general mandate for the LICB group of companies to enter into recurrent related party transactions of a revenue or trading nature with related parties (“Proposed Shareholders’ Mandate”) at the forthcoming Eighty-Fourth Annual General Meeting to be convened.
A circular containing the information on the Proposed Shareholders’ Mandate will be despatched to the shareholders in due course.

And bro, which part of article above or article of 冷眼 suggested : see see is ok?

Correction on the above!!
Sorry please take note on the above: NAT SHOULD BE NTA
THE CORRECT STATEMENT SHOULD BE:
THUS, NTA WILL BE :
879722000 / 717,235,865(FROM 2013 AR) = RM1.2 ?

Bro, can I calculate like this :
Base on LIONIND 3Q14 :
Total Liabilities 2,106,202K
Total Assets 5,557,603K
Net Asset = 3451401K

IF I were to take out the following from the Asset :

Investment in associated companies 877,733K
Goodwill 130,443K
Trade receivables 922,742K
Other receivables, deposits and prepayments 634,747K
Amount owing by jointly controlled entity 1,514K
Amount owing by associated company 4,500K

877733K + 130443K + 922742K + 634747K + 1514K + 4500K = 2,571,679K

So 3451401K (Net Asset) - 2571679K = 879722K.

THUS, NAT WILL BE :
879722000 / 717,235,865(FROM 2013 AR) = RM1.2 ?

CAN I CALCULATE LIKE THIS?

Correction on the above!!
Sorry please take note on the above: Amount owing by jointly controlled entity is 1,514.
previously put 1,514 1,551 which is wrong

This is the Asset of LIONIND reported in 3Q14 financial result, in this case, which item shall you remove totally or amend to less?

Non-Current Assets ('000)
Property, plant and equipment 1,205,010
Investment properties 3,999
Prepaid land lease payments 48,336
Land held for property development 35,576
Investment in associated companies 877,733
Investment in jointly controlled entity 87,475
Long-term investments 18,959
Deferred tax assets 96,687
Goodwill 130,443

Total Non-Current Assets 2,504,218

Current Assets
Property development costs 61,747
Inventories 825,497
Short-term investments 21,613
Trade receivables 922,742
Other receivables, deposits and prepayments 634,747
Amount owing by jointly controlled entity 1,514 1,551
Amount owing by associated company 4,500
Deposits, cash and bank balances 581,025

Total Current Assets 3,053,385
Total Assets 5,557,603

Thanks for your comment, really appreciate

PLEASE NOTE ABOVE ARTICLE DATED : 2010/01/31
FROM 冷眼

Can the below article apply here ?

分享集： 周期性股票投资法
2010/01/31 12:29:24 PM
●冯时能 股票研究人

有一些行业的业务，具有相当明显的周期性或循环性。

这些行业的公司景气与不景气，每隔数年就循环一次，周而复始，至于环绕一周的时间有多长，则视不同的行业而定。通常是上升期和下降期，分别是3至5年。

这类股票的股价是跟着公司业绩而起落的，通常也是跟着行业和公司的兴衰，3至5年大起大落一次。这类股票，最好是以企业的荣辱，作为买进卖出的标准。

要使你的资金发挥最大的作用，赚取最高的回酬，最有效的方法是将有关行业的景气与反向投资法结合——在有关行业的公司最低潮时买进，守至最高峰时抛出。

如果大众传媒对有关行业的报道，都是悲观的，而几乎所有有关行业的公司，都蒙受严重的亏蚀，这类公司的股票必然暴跌，这就是买进的良机。

当大众传媒所报道的都是好消息，大家对有关行业的前景感到乐观，这类公司盈利激增，股价狂升就是脱售的良机。

这类股票的买进和脱售的时机要拿捏得准确，从而充分应用机会，赚取最高回酬，必须注意以下各点：

采取长线投资法，切忌短线进出，最好是跟着有关行业的景气走

当有关行业及公司处于景气最坏时，大胆低价买进，紧握不放，以等待景气回升；在回升期间不要理会股价之小波动，着眼在大势趋向，忽视短期之起落。

一直收藏至有关行业到达顶峰时，一肌脑儿抛出，一股也不留，一走了之。

这样你就可以保住你的盈利，资金也不会被困。

此类股票由最低至最高点，相差往往数百巴仙，上升期限由3年至5年不等。

不要贪小利

在这上升的途中，股价波动剧烈，往往在上升一段时间后出现套利，回调二、三十巴仙，是常见的事，也属正常。

假如你自作聪明，企图捕捉短期起落的时机以赚取小利的话，你会发现知易行难，事与愿违。

更糟糕的是在卖出后，股价不落反起，你不甘愿又买回来了，失去了以后的更厚利润，实得不偿失。大家立志赚大钱，不要贪小利。

在低价买进后就紧握不放，到有关行业登峰造极时才脱手，这样可获厚利，又不因股价之短期波动而烦恼及担心。

不要买得太早和卖得太迟

如果当有关行业的不景气刚出现，股价开始下跌时就买进，还有巨大的下跌空间，你可能会蒙受亏蚀。如果当有关行业景气改善，股价回升了一截时就脱售，可能脱售得太早，错过了赚取巨利的机会，殊为可惜。所以买得太早和卖得太迟都是错的。这也表示，你的“反向”功力还不够火喉。

当然，在未跌到底时买进未到顶时卖出，还总比在底价时卖出顶价时买进高明。

一般人之所以会犯买得太早和卖得太迟的错误，是因为没有志气、贪图快钱小利；另一个原因是担心失去买进机会和担心失去既得的盈利，其实这是过虑。

通常一只股票跌至最低和涨至最高时，都会在谷底和峰顶徘徊三、五个月，有足够的时间让你以低价买进和在高价卖出。

你在谷底时不买进，不是时间不够，而是根本不要买进，不要买进是因为你恐惧，没有买进的胆识；在高价区时不肯卖出，也不是因为行动不够快捷，而是因为贪得无厌，贪婪使你失去理智。

贪婪会失理智

为了证明这一点，我翻查去年第一季的股价纪录，发现主要钢铁股的股价都在谷底徘徊了最少三个月。

在这三个月中，股价波动幅度不大，钢铁股是典型的周期性股票，如果你有信心的话，要在谷底时买进数百万股，易如反掌。大部分人错过了低价买进钢铁股，并非行动不快，而是根本不敢买进。

现在钢铁股在上升的途中，距离顶峰尚远，到达顶峰时一定会徘徊三、五个月，有足够的时间让你脱手。所以目前股价虽然已上升了一大截，脱售的时机尚未成熟，实际上，一些钢铁股仍有上升潜能。

OSK的研究员预测金狮工业今年每股净利为42.5仙，以目前1.60令吉上下的股价计算，本益比还不到四倍(首季每股净利9.78仙)，每股净有形资产价值为3.87令吉。丹斯里钟廷森以每股1令吉29仙买进1亿多股，不是没有理由的。

注意到底和到顶的特征。这个特征就是“想法一致”

在周期性股价跌到谷底时，投资大众对这类股票“一致”看坏，所有人——报纸、电台、电视台、杂志、股票分析师、图表师、经济学家，都“一致”看坏，认为最坏的情况尚未出现。“一致”就是大家想法相同，没有一个人有异议。这时要卖的已卖光，要买的不敢买进，股价在谷底徘徊长达二、三个月，这就是到底了。

同样的，当所有的人都“一致”看好，毫无异议，股价在狭幅徘徊二、三个月，就是到顶。

这“一致”是买进卖出的最可靠讯号。钢铁股尚未出现“一致”看法，故钢铁股仍处于“守”的时期。

在买进卖出时一定要与公司的基本面挂钩，以基本面为买进卖出的标准

买进周期性股票，最好是根据公司在有关行业中的地位，5年盈利纪录及公司的财务状况。必须确保有关公司能生存下去，而且在景气回升时能复原。

更重要的是认识清楚有关行业在国家经济中的重要性。例如钢铁的需求永远存在，故跌得最惨时就是买进良机。

最好是在有关行业景气扭转之前买进，这样可以买得更低

不要忘记股价通常是走在经济前头六个月，如果你在经济和行业景气回升迹象毕露，尽人皆知最坏时期已过时才买进，可能已太迟了。

正如我在《当知更鸟出现时》(2008年12月1日)一文中引述巴菲特之名言所指出的，当知更鸟出现时，春天已过去了。

在景气未有回升迹象时买进，也许要等待较长的时间才会等到股价回升，但买价可能是最低，风险也较低。既然是周期性企业，则景气必然会回来，只要有耐心，一定会有收获。故周期性股票，只适合长期投资——最好是持有3至5年。

木材股处谷底

钢铁股和木材股是典型的周期性股票。钢铁股已回升至中途，目前属“持有期”。木材股尚处于谷底，原因是木材价格根本没有回升，没有人知道何时会回升，大家不妨趁目前木材价格低沉时买进，长期持有，等待木材价格回升。

买木材股一定要记得一点，就是一定要买拥有大片森林的木材公司，大家不妨考虑常成控股（JAYA TIASA）和常丰控股(SUBUR TIASA)。此两公司分别拥有170万亩和100万亩可伐木森林。

I found the explanation in 2007 annual report(P.73) :
Where progress billings exceed the aggregate amount due from contract customers plus attributable profits less foreseeable losses, the net credit balance on all such contracts is shown as amount due to contract customers as part of the total current liabilities in the balance sheet.

But still not understand...can someone help to elaborate further? thanks so much

Hi, I would like to ask that in 2013 annual report, one item of Current Liabilities is : Amount due to contract customers 234,956,000. Is this consider a debt? Is this a burden to the company? When calculate debt ratio, should I include it?

Why need to acquire a company in the Territory Of The British Virgin Islands? Why not acquire or set up a local company for future expansion? If set up an future international base then is it KL or SG better than the Territory Of The British Virgin Islands? Sorry, just don't understand, may be it is common or necessary.

1. INTRODUCTION

The Board of Directors of Willowglen MSC Berhad ("WMSC" or " Company") wishes to announce that the Company has acquired one (1) ordinary share of USD1.00 each representing the entire issued and paid-up share capital of Willowglen Limited (BVI Company No. 1800933) (“WL”) for a cash consideration of RM2,280.00 (“Acquisition”). As a result of the Acquisition, WL is a wholly-owned subsidiary of the Company.


2. INFORMATION ON WL

WL was incorporated in the Territory Of The British Virgin Islands under the BVI Business Companies Act, 2004 on 27 November 2013. The authorised and paid-up share capital of WL is USD1.00 comprising 1 share of USD1.00 each. WL is presently dormant.

Post-acquisition, the directors of WL are Mr. Wong Ah Chiew and Mr. Simon Wong Chu Keong.


3. RATIONALE FOR THE ACQUISITION

The Acquisition is to provide WMSC with a dormant company intended for the undertaking of future expansion in relation to its business.

4. EFFECTS OF THE ACQUISITION

The Acquisition is not expected to have any material effect on the earnings, net assets and gearing of the Company for the current financial year.


5. APPROVALS REQUIRED

The Acquisition is not subject to the approval of the shareholders nor any government authorities.


6. INTERESTS OF DIRECTORS AND MAJOR SHAREHOLDERS

None of the Directors or major shareholders of the Company or persons connected to them has any interest, direct or indirect in the Acquisition.


This announcement is dated 24 July 2014.

I want to ask in Annual report of Lionind, for example, 2007, it got "net change in inventory" inside the income statement, like this : Net change in inventories 106,445,
does it mean revaluation of inventory? that mean not actual money involve at this moment?

though it got lands valued at 1995, but most of it got factory built on it.....and got rent to related companies also.... unless he really want to cabut....