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.
there are 2 plots of lands at sri damansara total 57 acres, the value is RM120 per sf, total value at 300M close to L&G market cap now, not counting many other lands and businesses in the group. the share price is grossly under value
tanhy123 The marker value for the plot of land at Sri Damansara Club redevelopment is 175 mil 15/09/2021 11:57 AM
Most of the property companies have a lot of discounts for stock price vs assets, but it did not mean much provided that company able to sell the asses. The only way to monetize the assets are to sell them or work with different operators.
The catalyst of L&G is the service apartment project at Sri Damansara near MRT2 with super low land cost. It is planned for launching in Q3 2021, but delayed to Q2 2022 due to COVID-19. Good news is that management informed in AGM that the tower stations at the site have been moved further away from the development site.
The earning for the next several years is expected to double with the new projects launched in the market. Coupled with the earning recovery in the education sector, I expect the dividend to be 1.5 cents for the next fiscal year.
Hence, the dividend yield will be more than 10% at current price ranges. The real NTA should be around 75 cents based on the current market price.
I wouldn't be surprised if the controlling shareholder Mayland would be taken private and offering at least 40 cents ......
u calculate according to current price. I brought at RM0.16 leh... last year didnt announce dividend at all while other company still give some percentage of dividend...
in last 1 year the stock is around 0.110-0.115. so we need calculate based on current price and esp. consider very good dividend. this stock will back to 0.400 for mid - long term
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....
Hitman
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Posted by Hitman > 2021-06-17 21:50 | Report Abuse
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