that is a ridiculous analysis linges....a share's value is not based on 1 year's profit.

Its not weird at all, happens all the time. If the company that borrowed money made bad business decisions and lose alot of money, they won't have money to repay their loans. Bank can only seize the assets of the company, but if the value of assets is not enough to cover the loan, then no choice but to write off as bad debt.

if company wind up and doesn't have enough assets to pay off it's bank loans, then the bank will need to make an impairment.

Latest annual report... EPF has increased it's shareholding of L&G. From 9.7milion to 17.7million shares (1.62%)

they announce dividend....but everyone already know they would give 2 sen since the last quarterly report so dunno why today so active

All Orientals are Eastern but not all Easterns are Oriental. Think about it....

haha, read their whole century annual report??? I don't think this company existed a 100 years ago...

share price drop by RM0.01 you guys sound like the world is ending

its holding of RHB is 10%....but RHB's contribution of OSK's profit is quite significant, more like 50% look at the last quarterly segmental results.

But I think OPR cut will only affect banks slightly in short term, so overall OSK should go up

Osk is half property, half banking (through RHB) so opr cut effect is mitigated

going up

slowly climbing back up

RHB up so OSK also up la

Haha you guys so desperate for rumors....relax la. This is a good stable company for long term.

tmr market is not open la..

I also entered at 0.50, but bought alot at 0.34 so average around 0.37. Will hold long term until it reaches 0.7-0.8 then will consider selling. Still think next year only will see the price shoot up. Last week was just a small correction

not bad, managed to close at 0.40

peterwinwin what is your average price?

short term....the share already went up 17% so quickly, so probably in overbought position at the moment

long term I think this share is good.

balance sheet is very strong, take a look at their cash and the market value of their land bank should be worth at least RM0.80 per share.

Medium term horizon, they have enough projects to ensure they get EPS of RM0.1 for the next 5 years. Assume p/e of 8 for most property companies, that means their shares should be valued at RM0.80 as well.

agm in september normally. dividend in october

relax la eric, share jump 17% already yesterday. have to be patient

wow

Can't look at NTA of land. Their purchase price of the Sri Damansara land is really cheap. Only RM9 per square feet. Fair value of land in Sri Damansara is more like RM100/sq feet

Landbank should be able to last for quite a while I think. They still have 25ha in Sri Damansara and 1000ha plantation land in Kerling, Selangor.

They are launching RM1.6bn worth of projects this year. That should be able to last them for the next 5 years.

But I do agree, if you looking at 10-15 year horizon, they need to purchase more land. The good news is they have 420m cash to buy the land :)

Property market is currently weak, so you will need to be patient before it hits the TP of RM0.80

depends on your time horizon. If you can hold for a few years I think this is a good share at this price. They have net cash of about RM420m, which is about RM0.42 per share. I think buying at any price below that should be very safe. Dividend yield is 5%.

you missed the short term gain la. but long term TP is RM0.80 so still have quite alot of profit to be made over the next few years

long term should be around RM0.8 if they manage to launch their projects in time

don't think you will see much movement until later this/next year when they can start booking in revenue from their recent launches.

Projects launching in 2016 - Rm1,600m
Estimate will take 5 years to complete projects, so average annual revenue - RM320m
Average margin is 25%, so net profit per year is RM80m which is about RM0.08 per share.
At current share price, P/E is about 4.3. Other property company P/E is more like 10 so share price should go up.

Your biggest risk is they don't launch their projects this year. Then you just wait la, Net asset per share is RM0.59 and alot of cash so just need to be patient.

yeah, unlikely to go much lower than 34.5 if buy now at that price, should be quite safe

3 projects launching this year worth RM1.5bn. Next year results should be good

well hopefully they buy at a fair price... the market value of L&G's landbank should put the share price to 60-70 sen easily

It means some of their loan has been converted into shares. Changes gearing ratio a bit, and reduces effective shareholding of existing shareholders. But its not much, only 850k extra shares.

Yeah alot of sellers too... but no announcement who they are. L&G doesnt really have any large institutional shareholder.

wonder who is doing all the buying... so much volume today and yesterday

moving up

30 sen proposed in the quarterly report, note B12 (ii)

wow thats good price. been accumulating for about a year, average price 0.4

what price did you guys enter?

The cicada sheds it shell after nine years underground. Only to live gloriously for one month

-lxc-

so much trolling in this forum

i listen :P, watching from the sidelines

maybe they cant sell their inventory

expecting a large forex loss for Q4 because of USD loans

usd still strengthening against the myr...3.62 now. Every 5% deterioration of MYR/USD reduce P&L by RM6.1m...see their annual report.

dont think Q4 results would be good, alot of their loans are USD denominated