Makan until hands shaking.... Your faith in value investing also being tested as waves of sellers overwhelm a handful of poor value investors

Have been reading abt all the great fundamentals on L&G. But the price kept dropping like nobody's business. Any chance that the >400m cash in their books is suspect like the China Stationery case? How else to explain such a sharp plunge despite good fundamentals?

As for the idea to push for early conversion of Warrant to repay debt mentioned by Jho, since this is a long-life warrant expiring 2020, warrant holder are unlikely to convert early. If mother rise, warrant will also rise (at a bigger percentage) so no need to convert. That's the beauty of derivative. Of course, the major shareholder (if he is also warrant holder) can take the lead, but will he take his own money to repay co debt? He will be better off making from the increase in price of warrant. Anyway the Q4 result (cashflow statement) showed that the co can repay 20 over million debt every quarter so the co shd be debt free by end of 2014 - if sales go smoothly

Somehow the cos in the furniture sector are accorded a low PE. Wonder it is because the stiff competition in the industry. But the players showed good profit last year. Thks Jho Low for the well written article on Hevea as I have been wondering why the market is not giving the co due recognition. What Hevea need is coverage by Research Houses to do a nice report and high TP. Their Investor Relation need to work on this....

In or out of the money measures the difference btwn the mother price and warrant exercise price. Premium or discount measures the difference btwn mother price and (warrant price + warrant exercise price).

Once the mother price exceeds the warrant exercise price, the warrant is in the money, but it can be at discount or premium depending on its warrant price.

Eg, inari-W is in the money but at a discount, hevea-W is in the money but at a premium.

Could it be manupilation? more than 1,000 March futures contracts changed hands with 10 pts range during the one-minute window of the error. Someone made a killing!