even 5 cents dividend cannot salvage this counter...

even 5 cents dividend cannot salvage this counter...

@ hng33, agree that each plot of land may carry a different valuation - but this disposal is priced at RM51.68 per sft whilst the previous disposal is priced at RM209 per sqf.

It is hard to justify such a huge variation between these two price points...mmm...

i am just afraid that directors may have a hidden agenda (like receiving kick backs) when disposing this piece of land....and therefore not maximising the profits to benefit the shareholders.

Anyway - i am attending the upcoming AGM...will query them on this.

But you are right about one thing...that the value is accorded by an independent valuer and this does provide a certain degree of comfort.

@ hng33, any comments about the disposal of this 15.56 acres of land priced at RM51.68 per square foot?

just wanna ask some advice about this land disposal:
http://www.theedgemarkets.com/my/article/global-oriental-sell-seri-kembangan-land-rm433m

i think the price is abit on the cheap side? since the disposal price per square foot is about RM51.68? We are talking about Seri Kembangan here.

Furthermore, from the annual report, this land usage is designated as Mixed Commercial + Residential Developments??? By right, land zoned as commercial development should carry a premium.

if you compare this with the earlier disposal of 15.56 acres for RM209.5M, this works out to be RM209 per square feet.

Find it very funny....i thought land at seri kembangan is gold? Now, GOB is disposing a larger piece of land at a cheaper price ?

@ hng33, ....mind to share your research for GOB?

@ hng33, mind to share your research on GOB? Have been waiting patiently,.....hahahaha

@ hng33, mind to share your research on GOB?

@ hng33, nice to see you here....mind to share your research for GOB?

Hi Icon8888, are you going to GOB's AGM?

@ hng33, do you analyse GOB as well?

yalor,,,somemore, not all the directors hold shares in this company...

how about their fledgling F&B and their expansion into Dalian? GOB has got good assets by virtue of their low cost land bank. But somehow, they still wanna diversify into F&B to deworsify their business...last year could have been a better year without these "side" businesses...

Brother Apini,
Good morning,
Good to see you here...just wanna ask you something...
Just asking for knowledge and not to challenge you...

it is great that Gadang declares 5 cents dividend.
BUt come and think about it, Symlife also declares 5 cents dividend.

Gadang is trading at RM1.50 whilst SymLife is trading at RM0.85.

Which one is more worth it? What do you think?

phariah counter

@ hng33, thanks for your input. With land cost so low (at RM112.0M) for Star Residences and a reputable developer (Samsung) building Star Residences, we sure have a winner project here. Cannot debate about this.....

About elevia residences, please refer to the link here...other lowyat forumers also agreed that the quality of deliverables by SymLife needs to be further improved.

https://forum.lowyat.net/topic/3435228/all

Actually, symlife does not have an in-house property development unit. It conceptualises the projects and acts more like a marketer and outsourced its construction to contractors. I think the contractors screwed up but ultimately, Symlife reputation is on the line.

@ hng33, understand that Star Residences is build by Samsung....hence, quality is not an issue...

how about the rest of the projects? their elevia residences is riddled with quality issue. Honestly, i like this counter - but their quality of deliverables (besides Star Residences) need to improve significantly.

That is why i ask you - what do you think of the quality of Symlife's deliverables (besides Star Residences)? And importantly, how will this affect SymLife?

@ hng33,
just asking, do you know how much is the land cost for STar Residences? In THE EDGE, it was mentioned that SymLife acquired Star Residences many years back...just wondering what is the land price? Lower land price equates to higher margin...

By the way, what is your opinion of the quality of deliverables by SymLife? Read in Lowyat that SymLife quality is not good......scared this will affect the company's sales performance??

Yes...you are right....Datuk Azman Yahya said he is confident of achieving $700M + 20% better during FYE 2016. I think the reason he said this is due to Star Residences...

@ hng33, what you said make good sense....no wonder Datuk Azman Yahya in The Edge interview is so bold to assert he is confident SymLife can achieve RM75.0M + 20% better sales for FY16.

Hi - wanna ask - only real sifus like Icon8888 (not his envious wannabes who goes with various permutations), apini, bluefun, etc are invited to answer.
Gadang declares 5 cents dividend but share price is about RM1.45 (more or less).
Symlife also declares 5 cents dividend but share price is about RM0.84 (more or less).

Why is that so? i mean if i am just going for pure dividend play - symlife is a better buy? don't understand,...can someone educate me?

just to exercise my freedom of speech - Gadang's share price is likely to stay depressed at least until the end of this year - mainly due to bearish market sentiment. Counter is good - no doubt about that....but if you are still looking to load more (like i do), then, please pray that the bear stampede will keep Gadang on the ground....

Hi Icon8888, ....what do you think about GOB? Icon8888, you still holding or not? if you jump boat...please be courteous enough to tell di-di....

please give me good news before i watch Mission Impossible - Rogue Nation....

today release quarterly results?

@ apini,
well...you are a good grandpa...think 2 generations ahead...
me...have to fend for myself...sigh,,,,all monies to invest in the share market comes from own blood and tears and sweat
if things go well for my investment...i may consider changing job - from accountant to something share market related

@ apini, you should use the $ money to buy a house for your grandchildren....
just my two cents...

abang...the cost of buying new warrants will be spread over / divided across the free warrants, thus lowering the AVERAGE cost. Hence, you will be making more since you are spreading the buying costs over to the free warrants....

share price go up or down....it is ok -most importantly, is this quarterly results due on this Fri.

adui....
correct me if i am wrong...
buy 1 warrant = RM0.20
but don't forget you got 1 free warrant during rights issue
hence, you spread out the RM0.20 to 2 warrants,
become 1 warrant = RM0.10
hence, the actual cost of holding 1 warrant is just RM0.10
this is 1 for 1 warrant matching

assuming if warrant price increase to RM0.40

hence, holding 2x warrants using the scenario above:
2 warrants x RM0.40 = RM0.80 - RM0.20 = RM0.60

assuming if you do not buy any additional warrants but just holding on to the 1 free warrant,
1 warrant = RM0.40

Assuming if you are not entitled to the free warrant but just buy 1 warrant from the market:
RM0.40 - RM0.10 = RM0.30

just a suggestion, if you have subscribe to the rights issue, then you should buy more of the warrants. The mother share is trading at its rights price of $0.50 (cannot go any lower than this floor price). Hence, buying the warrant at this price now at RM0.20, then your actual cost is just RM0.10. Hence, you stand to gain alot....

all of it is listed in the bursa announcement - don't be lazy - go and look up...but all i can say is - following the disposal of land at Seri Kembangan (and DaMein to follow suit), they should be in a comfortable position to declare dividend...even 1 cent also good enough.

hahaha - will drop more until RM1.30 before this Friday...
sial sial....that is why i dare to bet my xiao di-di....

maybe they will declare dividend following the disposal of their land at Seri Kembangan.

tunggu....i not yet accumulate habis.....

how to cut my xiao di-di? the price is still below RM1.60.... i still get to keep my little brother a little longer...hahaha

if Gadang pancut past RM1.70 this year, i will cut my xiao di-di and post at i3 for all forumers to see...
hahaha

nyum nyum....tambah makan Gadang at RM1.44

Gadang: enak, lazat, sedap, kenyang....

how about highway job?

phariah punya company - just like old man...when wanna buy - got erection - when don't wanna buy - got erection dysfunction...

if pancut beyond RM0.60, i cut off my "xiao di-di"....

tadak duit

Phariah punya counter,
bila nak beli - dia naik until RM1.45
Bila tak nak beli - dia turn sampai RM1.39

hahaha.....should i say - this is a phariah company....high revenue but matched with high OPEX and tax...- resulting in lower net profit for shareholders compared to last year...

let us look whether they will declare dividends for FY2015 following the disposal of 10+ acres of land at Seri Kembangan....

very strong rebound....i think as long as we collect at RM1.40 range...should not be too far off

i think he factors in the disposal of the seri kembangan land?

no point to shit here, shit there...market is expected to remain bearish due to Greek problem, Najib problem, 1MDB problem, US hiking up interest rate problem, constipation problem....so many problems...

Just KEEP CALM and BUY GADANG

on a positive note, the company is buzy entering into various JVs, those preserving much of their highly valued land banks...

beli Gadang (9261): hati senang...

beli Symlife (1538): hati bukan tak senang...tapi pun tak gembira...ok ok lar...ada dividen 5 sen.... sales $700M (unbilled sales; $677M) ....tak boleh complain....

beli GOB (1147): hati banyak runsing...director's action to diversify the company ends up worsening the company....hutang banyak....

but i would prefer if they can offer a range of properties from affordable housing to luxurious housing...

yah...hopefully, the TWY Mount Kiara will not have quality issues....if not, they will really kena "tiu"....