Land & General: To launch two projects with RM677m GDV in 2021. Land & General aims to launch two new development projects in Shah Alam and Bandar Sri Damansara with a combined GDV of RM677m. He said unbilled sales now stand at RM160m, with its property overhang at RM30m. As for landbank, it has 1,423ha of land in Peninsular Malaysia including 1011.7ha of estate land earmarked for future township developments. (Bernama) 24/02/2021 8:55 AM
You see the sell queue parking volume then you know operator is in control. Today volume surge highest 70 mill volume and same break at last high resistance point 0.140
L&G NTA per share would significantly be higher than RM0.37, if L&G management were to carry out a revaluation exercise on L&G land banks. In L&G last AGM it seems that the management have quoted an excuse that it would be costly to conduct revaluation exercises on L&G land banks. I wonder what is their actual motive for not carrying out revaluation exercise on L&G land banks? Perhaps some people intends to suppress L&G share price this way.
Based on the information on the 30 largest shareholders contained in L&G 2020 AR, it would appear that there is no majority shareholder owning more than 50% of L&G shares. As such, is there any possibility of a hostile takeover of L&G to be carried out by another company in the near future?
The % been around the same all these while. I don't think there will be any possibility of hostile, too much work and will push it up too expensive to do so. Major shareholders, no reason to take all up as well. Just keep it there will do.
The Board of Directors (“Board”) of L&G wishes to announce that L&G intends to seek the approval of its shareholders on the Proposed Share Buy-Back - Renewal of Authority at the forthcoming 58th Annual General Meeting of the Company to be convened.
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....
EricTellsYou
17 posts
Posted by EricTellsYou > 2021-03-03 15:00 | Report Abuse
Fr today onwards,no more below 12 sen to be collected