u can sell now if no patien,but for sure,later cant get back tis price...this stock is many ppl aiming...when the volume come ...it cant stop..adi buy pls sell at the good price...
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1747725 Something could be brewing??? Major shareholder trying to strengthen its stake in the company to fend off possible corporate hostile takeover, or planning a privatization??? After all, >RM300mil is sitting inside the company. It is handy for undertaking a MGO through a selective capital repayment.exercise.
During L&G's annual general meeting yesterday (Sept 22), some minority shareholders raised concerns over the possibility of it being taken private, should Mayland Parkview's interest in the property company reach 33%, triggering an MGO.
"As long as Mayland Parkview's shareholding is below 33%, there is no concern about that. I can't answer that on behalf of the major shareholder, but there is no indication from them [to take L&G private], and there was no such discussion," said L&G's Managing Director Low Gay Teck.
MGO will be triggered at 33% or if they are taken to task because 32.7 and 33% is really no difference if proven they are concerted or the least monopoly in their decision making voice. All that is needed is for someone to raise the alarm with prove to SC or take a legal. They cannot abuse the technicality of the <33%
price don't reflect potential, 50% discount, if I was the management, I would take it private and keep it all to myself. the lembah beringin land is not revalued yet
Again, if L&G really go for privatize, in their announcement they had made in latest annual report, any corporate exercise (privatise, bonus award,) must be done after 6 months later from the date they converted the LA if had. So contra player expert must know this info..good luck everybody
No no guys I am still here with you. If I have thrown, there will be tsunami here. Anyway, I am confident of this counter as long as they DONT SABOTAGE THEMSELVES. I will understand David Chiu wanted to convert the LA for a reason and the dividend was a good one however I am dissapointed with him doing it last minute. To answer some of your questions, my answer indirectly is this....the market has been on correction mode for 3 weeks now and the chances of further declination is much much lower given the fact that market is also gearing to move forward. There will be budget for October and there will be window dressing in December. All that is left is November. For those following this gear up, this is a chance to buy if it drops.u As for the L&G management, my message is simple - value of a company is the sustainence of the share price fluctuating minimum. This is because they trust your ability and your announcement and believing that the share price will maintain and incline due to your commitment. I m of the opinion after the AGM that Low Gay Teck is not the man to take L&G further. Reason is he is too much on the technicality of things while Mayland trumps the cards.
For those who have been long in this trading business, do me a favor. Track you transactions vs if you invest. For those who trade a lot, pick one of the stocks you have that have a good management, a good FA, and a good pipeline. Avg the number over 3 years and 5 years asuming you trade many times vs if you have kept it. See which one you would have made more.
An analogy might apply here. In football you can score a goal by a volley halfway across the field, or you can make a series of passes and try to get near to the goal and score. Which would you choose?
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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....
breadman
310 posts
Posted by breadman > 2014-09-24 14:56 | Report Abuse
although I hope...but I dun think privatization will come true