L&G is not Mahsing where they have so many projects in the pipeline... and therefore consistently have progress billing. Only 1 project VP'ed in 2014 and now in Dec 2015. So expect good revenue for dec quarter
Since the VP letters for Damansara Foresta were sent out on 31 Dec 2015 as per its Facebook, L&G can be expected to report strong and bumper earnings for its current FY ending 31 Mach 2016. Hopefully higher dividend of say 4 sen per share will be declared too for its shareholders. Otherwise, the BOD should be sacked given its weak share price which has been dropping for the last 15 months
Look at the preceding 4 quarters' revenue and profits before the Sept 2014 quarterly results (210mil revenue) were released. The Elements @ Ampang VP'ed in July 2014.
Share price : about 60sen (plus minus)
Now look at the preceding 4 quarters' revenue and profits before the Dec 2015 quarterly results (xxx Mil revenue) that will be released in Feb 2016. Damansara Foresta phase 1 VP'ed in Dec 2015.
What do you think the revenue and profits will be in the Dec 15 Quarterly results that will be announced next month? If you take a simple extrapolation, my take is around RM80-RM100 Mil in revenue, if not, more... let alone its profits?
All these ICULS conversion selling down the price until 'oversold'. Charts have indicated that this is the right timing to buy. Double confirmation from RSI and Stochastic.
In point of view from dividend, it should be bought at this price. In point of view from P/E, it should be bought too as this company have bright future... Every investment needs to looks intot the return of our investment....this is most important...
L&G’s core business activities can be categorised into two divisions, namely Property and Education. The Property Division remains the primary growth driver and profit contributor of the Group while the Education Division (i.e Sekolah Sri Bestari and Tadika Manjaria Sekolah Sri Bestari and Tadika Manjaria) provides a stable and recurrent revenue stream. The Group also invests in other businesses including oil palm cultivation and clubhouse management.RM2bn sustained income stream. In its 2014 Annual Report, Management guided that L&G’s existing and future projects are expected to contribute positively to its financial performance on a sustained basis over the next few years.
The Elements@Ampang has been handed over to home owners in June 2014 while Damansara Foresta (Phase 1) is CURRENTLY being handed over vacant possession (since December 2015). The completion of Damansara Foresta (Phase 1) will likely be reflected in the annual report for FYE Mar 2016 (Dec 2015 and Mar 2016 quarterly results). In addition, future projects including Tuanku Jaafar Resort Homes, Damansara Foresta (Phase 2) and the new residential serviced apartments, Astoria@Ampang, adjacent to The Elements@Ampang have been launched in 2015 & 2016 respectively. These projects, with the collective GDV of RM2bn, will be captured in L&G financial results annually from 2016 until 2020. Looking much further out, it has about 2,500 acres in Lembah Beringin, north of Bukit Beruntung and Rawang.
Net cash per share of RM0.33 is about 93% of current share price. Net tangible assets of L&G per share as of now is 57.9 sen. L&G has a solid cash-rich balance sheet. As of 9MFY2016, cash & cash equivalents stood at RM328m, equivalent to 33 sen per share or approximately 93% of its current share price of 35 sen.
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....
spectre007
1,408 posts
Posted by spectre007 > 2016-01-05 01:18 | Report Abuse
If continue to have herd mentality and down because of China and dow jones...the rebound (when it comes) will be huge..