anyway, we have to wait until the end of the year to know for sure what is the size of the land acquisition by the Selangor state government. BUt then, i have every faith that the management team will keep a very close eye on their crown jewel - Sg. Long Land.

For now, everything remains a speculation but the 4 cents dividend is real...hahaha....let us enjoy the dividend first. Hopefully, the share price will not drop significantly after dividend ex-date.

200 acres for the Langat 2 project? That is really big for a water treatment plant lar....

just curious...what is the size of the Sungai Long land that the Selangor state government is looking to acquire? hopefully, the state government will pay market rate and not resort to land grab.

Apart from this, Sungai Long land will be the backbone/ core project for this company and will keep the monies rolling in for a few good years. It is encouraging to see that the company is not overly reliant on Sungai Long and has many other projects in the pipeline for the time being.

overall, the whole market is quite bad....

just asking, do you guys still think i should bid for RM1.17?

sigh - should have loaded extra yesterday when it was sitting at RM1.16......

despite the weak market sentiment, the volume is still relatively strong

if that is the case, better buy one day after ex-date.

i think everyone is waiting for the asset injection and private placement scheduled at the end of this year. They wanna see some initiative first, then will jump onto the bandwagon.

thanks for the infor. I am planning to acquire more of SymLife. When do you think is the best time to move in? Now, or waiting after ex-date (23/09)? But the price now at RM1.16 seems to be quite attractive.

i think comes the ex-date, the price will go up even more. The article by The Edge features a very good write up about GOB and how the proceeds from the rights issue will be utilised. initially, i am abit pessimistic about the PNT acquisition - but reading from the article , it seems to fit into management's objective of diversifying their income by 2017.

newbie here...just to confirm - ex-date means the date whereby those who hold the shares by that date will receive the dividend. And is they sell after the ex-date, they stand to receive the dividend. Is it correct?

after dividend ex-date, this stock may drop somemore....

more important is to ask them when wanna promote to the investment community... hahaha

i am just happy that the articles managed to answer all my questions... :-)

@ davors, thanks alot for the article.

@ Cheng Yeow Ng, thanks alot for the article.

i ask some questions - hopefully, to get constructive feedback to address some concerns.... if don't wanna help - just keep quiet....no need to belasah people....

aiskkk.,....this is because i loaded extra at 1.18 to 1.20 mah...if i know it will drop to 1.16, should have wait until 1.16. If only...these two words .....

what happen to the market today? red everywhere........

why with such good quarterly results....but price come crashing down??

RM2.50 is quite a realistic number.

Valuation is, to a certain extent, quite subjective. Hence, a more concrete way is think of how much the shareholders stand to gain if SymLife is liquidated tomorrow.
Per the annual report, the net assets per share is RM1.99. After adjusting for the funny, funny accounting items such as purchased goodwill, deferred tax assets, etc...let us take a ball park figure of RM1.50.

Thereafter, assuming we just revalue the Sungai Loong land and sell off all the other land at book price (something which will never happen in real life), each shares should gain an additional RM1.00 (the very very least).

Hence, RM1.50 + RM1.00 = RM2.50 which is quite a achievable price for this share.

actually, the article by Master Icon8888 about its landbank in Penang is abit inaccurate. The bulk of its land outside of Selangor is located in Kedah. Its landbank in Penang has already been exhausted to build Surin. Surin is Symlife's maiden forey into Penang.
http://www.apartment-penang.com/2007/12/surin-condominium-penang.html

I believe the Kedah's landbank will be used to build an affordable township - the bread-and-butter type of terrace houses which should tide Symlife over during bad times. Symlife maybe one of the few developers offering a suite of products that cater to the middle class and the upper class of society - all of which is good news because Symlife is poised to make money during good and bad times.

hahaha....dropping liaw...

@ Firebird2, i am a newbie - please help....from that page, where can i find information that Tong Kooi Ong is actually buying up the shares at Symlife?
******Teach me how to fish once, then, i can eat sushi everyday...**** hahaha

@ james70, not really, ....where do get this information from? also, where do i get information about changes in shareholdings? thanks alot...

wow... James70, your grasp of information is really impressive. Please teach me where do you get hold of all these resources?

i guess RM1.20 will be the new low going forward....

hannibal rising...

@ Sapphire....today is considered as T+2 and the spread is already at 6 cents. The best time to enter is within these few days (until Friday). Reason is the bull run on this counter occurs on Monday and T+4 is Friday. This week is highly likely to flush out all the contra players. Anyway, if you get it lower than RM1.20/- you should rejoice. Because i load up extra at RM1.20.

I know, silly me...but then, i buy to hold for long term (about 1.5 years - hopefully, they will issue treasury shares during my holding period). So, a few cents delta for me, is still ok.

@ james70, what is your opinion of this counter versus GOB?

if the share price momentarily comes down these few days (which is more than probable given the over bought position), then it is a good opportunity for long term investors to load up.

But i agree that the following factors will cause a second wave..
(1): quarterly result to be released by the end of this month - expected to be a very good quarter and
(2): shares buy back - targeted 10% reduction from 310M to 279M.

This share buy back alone will have a very beneficial impact for us retail investors.

potong stim...

yes - sudah potong stim...

yah - please break RM1.20...

wow - very rewarding stock - with warrants granted on Nov'13 and dividend this Sep/Oct'14.

Symlife is well positioned to profit both in a good and bad property market - besides sungai loong, the bulk of their land is located at Kedah. For that, i believe they will be building terrace houses which cater for the middle class Kedahans. This will carry them through bad times.....

actually, thinking about adding up...but price increase so much liaw....still thinking...

But SymLife is really on fire.....

SymLife + GOB = both counters are scaling new heights....

@ kk123, what you say is very true....GOB is in the midst of getting shareholder's funds via rights issue and their landbank is not that much compared to SymLife...

today is a good day....Symlife + GOB - both counters are moving....
But can anyone advice ....why GOB share price can move while volume transacted is not much??? Like GOB share price can +0.03 whilst volume is only 482K whilst SymLife share price +0.04 whilst volume is a whopping 6M.

today is a good day = high volume + marginally higher price...

slowly inching its way up...

the warrant is essentially an american call option - the right to buy the mother share at a predetermined exercise price anytime before warrant expiry. You can trade the warrant to recoup the cost of the rights issue or just keep it with intention to convert the mother share at the predetermined exercise price.

but then, you will be missing the free warrants - 1 free warrant for 2 rights issue....

@ cckkpr - just asking, Kenanga is initiating coverage on Symlife?

can we ask during the AGM?

ok - just surprised that mgmt disposed 1/3 of Sungai Long land to YTL at RM100.0M only. If based on the computation above, the disposed portion of the land value should easily worth more than RM250.0M. The reason given in the annual report is that the disposed land is too remote and needs about 10 years to develop...I think the transaction price is abit on the low side....anyone mind to comment?

@ james70, just asking, how much do you think the 400++ acres for Sungai Long land is worth now?