Tigerbeer, I have been collecting since last year lol.. and each time researching about the future/current prospect for l&g, it boosted my confident to continue collecting. For those who got do their homework, they will know their potential. Planning to collect 2day as well..
L&G is a fundamentally strong stock, take a quick look at its cash and make a comparison with its current market cap. RM300 mil net cash vs market cap of RM470 mil (63% cash, you are buying the company for free laa), what are you waiting for! Once it breaches the market cap of RM500 mil, share price would be moving toward uncharted territory. Just my two cents! All the best to L&G holder!
tigerbeer, lol.. im not big shark.. jz a small small figure. well, i view myself more towards investor. research, reading, understanding, patience and confidence is the key, IMO. the moment u believe, u will have more courage to buy, collect and hold. of cos, information now does not mean it will last/stay the same forever. when there's noise, dont panic, in fact try to analyze the facts given by those noisemaker. depending on true is the facts, act accordingly.
Land & General (LGH MK) • Technical BUY with +16.3% potential return • Last price : RM0.675 • Target Price : RM0.750, RM0.785 • Support : RM0.625 • Stop-loss: RM0.620
BUY with a target price of RM0.785 with stoploss below RM0.620. Following our earlier BUY call on 17 Jun 14 at the price of RM0.580, LGH’s share price hit our initial target of RM0.680 on 30 Jul 14. However, the share price fell following profit-taking activity before stabilising above the immediate support of RM0.625 last Friday. Given the renewed buying interest as shown by a higher trading volume and steady momentum growth, we expect LGH to continue rising further. Hence, we peg our next target at the 1.61x Fibonacci extension level of RM0.785.
This counter still consider undervalued,so I never worry to hold it for long term :) when another good news out,the price will definitely go up again :) happy trading.
As long as there is a price gap between the mother share and LA, the rising or dropping of the price will not affect my confidence to hold this counter. L&G has a lot of CASH and very little amount of debt. I believe it could survive even when a financial crisis is started.
This week is consolidation ( I have already written abt it) and today was compounded by the Iraq situation. It will be war alright but then again this is not a new war. What you guys should however be worried about is the counter sanction of Russian against Europe. The transaction of business is sizable towards Europe. For those who are weary and read a lot would know what is happening in Europe already and I m referring to A few of their countries starting to trip again and falling short of GDP performance.
However this round I m not here to write about concerns as I never do. The reason I say that is because problems are always there just a matter of when right? Concerns like these are for traders and contra players.
Why do I say that? Simple explanation goes something like this.......as an investor I look a year ahead to decide how much risk I may want to take and this may mean adding more stake......there are 4 Quarters in a year which means 4 financial results during that period synchronized with organization development. Example while we anticipate results, we are also looking at development and project ahead and how much they are meeting that timeline. Some timelines are not met however when they do, it's normally a big and compounded reward especially those with good driver ( MD/CEO) at helm. Hence quarter results don't mean much to me if the management is a good one and delivering the intended objective yoy.
So should you sell and buy again or keep? Analyse it this way.....assuming you buy 50k Shrs at 40cents which comes up to total of .rm20k and the price TP 1, TP2 and TP3 at 0.44, 0.47 and 0.50 respectively. Now the price sits at 0.49 closing and is between TP 2 and TP3 which means you still have 2 levels to breach before it goes back to ur buying price right? Ask urself will it breach 2 levels should be the first question Second question should be whether the current news is serious enough vs the objective of the company Third question if you sell, will you be able to buy back vs your own risk portfolio. Example rm5k may mean different to different ppl.
So if you truly know the company you have bought, and your are an investor, this is an opportunity to collect rather than sell.
I will challenge the very fabric of believe that this share will drop until end of mth.....why...because I have no other counter to buy...lol But for moonlighter......moon bright bright til ghost festival close.....
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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....
Chin Aik
127 posts
Posted by Chin Aik > 2014-08-06 08:35 | Report Abuse
Tigerbeer, I have been collecting since last year lol.. and each time researching about the future/current prospect for l&g, it boosted my confident to continue collecting. For those who got do their homework, they will know their potential. Planning to collect 2day as well..
All the best for those in l&g.