I'm not a good investor, I'm brought in 0.80 on Jul 12' although it down till 0.89 but still no loss. Even the rate achieved at 1.13 I'm still hold it because my target sell at 1.60 within 3~5 year as long term fundamental.
The truth is lbs spent about 30%+ of its earning to service its loan for the last few years, the main aim of this sale is to pare down its debt. Looking forward its earning will be improved.
SJ raises LBS fair value, says privatisation is possible
by Zatil Husna of theedgemalaysia on Thursday, 25 April 2013 08:19KUALA LUMPUR (April 25): SJ Securities Sdn Bhd (SJ Securities) has reiterated ‘overweight’ on LBS Bina Group Bhd (LBS) with a higher fair value of RM2.16 after the group’s proposed divestment of its China investment to Zhuhai Holdings Investment Group Ltd (Zhuhai Holdings).The deal will result in the group attaining 226 million new ordinary shares in Zhuhai Holdings at an issue price of HK$1.33 (RM0.52).After the exercise, LBS will emerge as the second largest shareholder with 16.78% in the enlarged Zhuhai Holdings.“It is worth to note that a recent research report by a stockbroker based in Hong Kong has a target price of HK$1.63 (RM0.64) on Zhuhai Holdings’ share,” said the research house.The research house said that the agreement is considered good, contrary to the market perception.“Zhuhai Holdings has proposed HK$500 million convertible bond for its acquisition, which is equivalent to RM200 million, intended to fund the first tranche cash payable to LBS upon completion of the agreement in the 3Q13,” it said.
According to the research house, the divestment will enhance LBS’ value in unlocking its China’s investment.The research house also said that LBS may pay special dividend to shareholders as part of the investment merits, which the cash portion constitutes at nearly 82% of the disposal’s consideration.It also noted that the group may declare bonus shares as its retained profit will be substantial after the divestment.“Other than the group’s steady cash flow, the cash will be used partly to expand LBS’ landbank in Malaysia for future growth,” it said.The research house also stated that with imminent substantial cash inflows, it is not ruling the possibility of corporate exercises.“There could be potential for privatisation if the share continues to stay undervalued for long,” said the research house.
Anyone who knows LBS will know that they are famous for setting traps to maximize their gains. With the flush of cash they have no problem in taking the company private. On that day you will regret buying LBS. Stay away from the unscrupulous management.
haha went fr 905 to 930 !!! then go back to 910...very tricky...just like before..as if it is going for rebounce then down down...the pattern still not changing at ALLLLLL !!!
5789 - LBS BINA GROUP BERHAD LBS BINA 4QE DEC 2012 NET PROFIT RISES TO RM8.0M AS REVENUE FALLS - 26 April 2013
LBS BINA GROUP's Net Profit for 4QE Dec 2012 rose to RM7.95m, compared with RM6.6m same quarter a year ago, while Revenue slipped to RM139.31m from RM147.51m same quarter a year earlier.
The Company reported Feb 26, 2013 that revenue was lower due to to change in product mix, slower construction activities due to erratic weather condition during the period and increase in project costs and Operating Expenses.
FULL FYE DEC 2012 NET PROFIT RISES TO RM37M
For FYE Dec 2012, Net Profit increased to RM37.77m from RM34.3m previously, while Revenue was up to RM531.64m from RM449.57m a year ago.
The Company said that the improved full-year earnings were attributable to progressive recognition of revenue and profit contribution from several of its ongoing projects which had good take up rates.
The ongoing projects are D’ Island Residence and The Lake Residence in Puchong, Cameron Golden Hills and Brinchang Square in Cameron Highlands, Min Garden in Batu Pahat, Lavender 2, Iris Garden II, Topaz III & IV, Ivory Residences, Ivory Residences II, Indigo Homes, Magenta Homes, Camelia Cottage, Pearl Villa, Royal Ivory, Royal Ivory 2, Royal Garden and I Hub Puchong in Bandar Saujana Putra, as well as other commercial and industrial projects such as Taman Perindustrian Tasik Perdana in Puchong and Saujana Business Park in Bandar Saujana Putra. ' .... The Group has achieved sales of RM871m in the year 2012, which represents 32% increase, compared with RM662m sales in 2011 ....' LBS said. ' .... The Group plans to launch its new projects in Cameron Highlands, Klang Valley, Batu Pahat and will continue to source for strategic development lands to further enhance its performance ....'.
19 ONGOING PROJECTS & UNBILLED SALES OF RM745M
With the 19 ongoing projects and Unbilled Sales of about RM745m as at Dec 31, 2012, LBS said it was confident of achieving further improvement in its performance for the financial year ending Dec 31, 2013.
Based on what he comment,I think Jeff Lim is very skillful.
If based on news can make money,all the retailer will make money and all the big shark will lose money,do you think is possible ? I also mentioned before,due to complacency,many people can`t agree. News timing is arrange by big shark.
A person should understand himself well,if after a long period still can`t make money,still belief he himself is skillful,i think that fella should be something wrong !
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....
derrickinvestor
9,078 posts
Posted by derrickinvestor > 2013-04-23 18:41 | Report Abuse
If euscilyn sold at 1.1 and reenter, will get double