prudentinvestor, don't worry... just keep it for the Dividend Payment Date: 18 Oct 2024 which is less than 2 months time from today date ! it's dividend rate is 0.7 sen per ordinary share ! If you bought L&G at @0.135 you will get a return(dividend) of around 5.2 % in less than 2 months time !
KUALA LUMPUR: Property developer, Land & General Bhd (L&G) plans to launch U10 Aria Rimba, a new township project in Shah Alam, with a total gross development value (GDV) of RM2.4bil next year.
Managing director Low Gay Teck said the project will be developed in six phases.
Speaking after the company’s AGM, he said phase one entailed the construction of 150 units of terrace houses with a GDV of RM113mil.
Low said the group also planned to launch 1,008 units of high-rise service apartments in Sri Damansara Club in 2025, with a GDV of RM621mil.
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Additionally, it aimed to open for booking 602 units of affordable service apartments, Kamelia @ Bandar Sri Damansara with an estimated GDV of RM156mil, by year-end.
The group posted a lower revenue of RM216.63mil for the financial year ended March 31, 2024 (FY24), a 13% drop from a RM249.18mil in FY23. — Bernama
Guys, just for your info: 1)if you bought at @0.13 return rate is 5.4 % (Bank FD one year rate is 2.5 %, so it’s more +2.9 % which can get it in within one month time for full payment but keep in FD need to wait for one year only got full payment!)
2)if you bought at @0.135 return rate is 5.2 % (Bank FD one year rate is 2.5 %, so it’s more +2.7 % which can get it in within one month time for full payment but keep in FD need to wait for one year only got full payment!)
3)if you bought at @0.14 return rate is 5 % (Bank FD one year rate is 2.5 %, so it’s more +2.5 % which can get it in within one month time for full payment but keep in FD need to wait for one year only got full payment!)
4)if you bought at @0.145 return rate is 4.8 % (Bank FD one year rate is 2.5 %, so it’s more +2.3 % which can get it in within one month time for full payment but keep in FD need to wait for one year only got full payment!)
5)if you bought at @0.15 return rate is 4.7 % (Bank FD one year rate is 2.5 %, so it’s more +2.2 % which can get it in within one month time for full payment but keep in FD need to wait for one year only got full payment!)
6)if you bought at @0.155 return rate is 4.5 % (Bank FD one year rate is 2.5 %, so it’s more +2.0 % which can get it in within one month time for full payment but keep in FD need to wait for one year only got full payment!)
7)if you bought at @0.155 return rate is 4.4 % (Bank FD one year rate is 2.5 %, so it’s more +1.9 % which can get it in within one month time for full payment but keep in FD need to wait for one year only got full payment!)
So, buy L&G at the low low price of 0.13, 0.135, 0.14, 0.145, 0.15, 0.155 & 0.16 is definitely a superb good value buy for L&G shares !
And L&G every year also will giving dividend and is on the increasing rate, last year is 6 sen per one share, this year is 7 sen per one share, next year maybe is 8 to 10 sen per one share! So, return rate may higher year by year !
So, do u agree put all your monies to buy L&G shares and keep is better than put all your monies in FD to get such a low low return? (And if count on you bought L&G share price at low price and it’s price increase to record high price, such a increase price value if count as a plus value then buy L&G shares is definitely more better choice than keep it in FD !)
0.7 cents dividend rate(Currently return rate is 5.2% if you bought it now at @0.135) can consider quite high already if you compared with bank's FD 2.5% per year !
Let say is you invested now by buying at the price of @0.135 for 300,000 units for RM40,500 then you already can get the return for the dividend of => 300,000 / 1,000 * 7 which is=> RM2,100 on 18-10-2028 in your bank account (Which is less than one month time only) !
if let say next year dividend rate is 0.8 cents,you will get=>300,000/1,000 * 8 which is=>RM2,400 (ret rate=5.9 %) if let say next year dividend rate is 0.9 cents,you will get=>300,000/1,000 * 9 which is=>RM2,700 (ret rate=6.7 %) if let say next year dividend rate is 1 cents,you will get=>300,000/1,000 * 10 which is=>RM3,000 (ret rate=7.4 %)
And don't forget the share value appreciation also, if it's share price when you bought it at today low price of @0.135 then if it's price increase to @0.15 , @0.25 or @0.35 and above then your return might be even more damn higher than your current return rate which is already at least double than you keep it in FD's return already !
Usually budget... Buy on rumours Sell on facts Before budget, mkt stable despite DOW n Nasdaq break record high. Post budget, how to rally? There is no reason for upside yet except Johor development catalysts?
L&G's first quarter earnings was much better than the corresponding period last year. At 12sen a share and assuming the final dividend is maintained at 0.7sen a share, its dividend yield works out to almost 6% or more than twice Maybank's 12 month fixed deposit rate.
do u know this counter is belong to one of the Daim crony . the one sold EO share to Sime Darby property at 2.3 rm also is the L & G boss ,how to up ???
do u know this counter is belong to one of the Dai m crony . the one sold EO share to Sime Darby property at 2.3 rm also is the L & G boss ,how to up ???
Things change Leo Leo...in Malaysia, which listed company which tycoon is not related to TMxxx and TDxxxx?? where got any bug copany not related to two of them, which company are out of the hand of these two Ts?
and then do u know why Brahims lose the MAS contract and go delisted ? after said goodbye to brahim, MAS is still struggling to get the inflight food supply.. why ? if not politics in play ?
FYI there is no company have that food supply capacity. then the payment term is 2 or 3 months . once need few hundred millions to roll the business. and yet they die die cancel the brahim contract at that time
l&g is too small, peanuts to for political revenge. they do peopel business, build condos let people buy, its not monopolizing any biz, its open biz that l&g are in..so why is it connected to political revenge?
Brahim is different, totally different...l7g is different...totall different to brahim bro..go learnt the biz nature...l&g just build thier condos /house only...and not related to government...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
prudentinvestor
4,515 posts
Posted by prudentinvestor > 2024-08-06 16:31 | Report Abuse
Talam is one of the worst counters listed on Bursa Malaysia and yet this fellow has the cheek to recommend it to others.