gray this stock not suitable for contra player. you should keep it for fundamental (at least for 1yrs). Short terms player shall keep it or cut loss min for 3mths to 6mths. Of cause the choice is yours but no encourage for contra concept.
Can anyone advice on the following:- If I want the dividend but I also want to sell off this counter, so can I do it on 28 August 2012 or after!! Pls advice.
I would prefer to sell now cos if the price adjustment is 2.5 sen and I get only 1.875 sen ( after 25% tax) which means I'll have a loss of .625 sen per share
KUALA LUMPUR: LBS Bina Group Bhd reported that its second quarter ended June 30 net profit for fiscal year 2012 rose 30.6% year-on-year to RM13.21mil on the back of revenues rising to RM127.85mil from RM100.59mil in the respective periods.
The company said in a statement that the improved revenue for the current quarter and period to date were due to progressive recognition of revenue and profit contribution from its on-going projects.
In the first half FY12 meanwhile, LBS’ net profit was almost flat at RM19.5mil while revenue rose 35.2% to RM239.42mil.
LBS said in the statement to Bursa Malaysia that as at Aug 28, it had achieved sales of approximately RM600mil.
“With the group’s 19 ongoing projects and unbilled sales of approximately RM748mil as at July 31, the group is confident of achieving further improvement in its performance for the financial year ending Dec 31, 2012,” it said.
The company said that it did not propose a dividend in the quarter but noted that shareholders had approved the first and final dividend of 2.5 sen per share, less income tax of 25% in respect of the financial year ended Dec 31, 2011.
LBS in talks with state agencies for JV in affordable housing projects Written by Ho Ching-Ling of www.thedgemalaysia.com Tue Oct 09 2012 3:32:30 PM KUALA LUMPUR (Oct 9): Property developer LBS Bina Group Bhd is currently in talks to enter into joint ventures (JVs) with state government agencies for the development of affordable housing projects.
"We are still talking to one or two agencies in the government about this. We can't disclose too many details at the moment but we're looking at joint ventures with the state agencies," said group managing director Datuk Lim Hock San at a press conference today (Tuesday).
While the developments won't be under the 1Malaysia Housing Programme (PR1MA), Lim said it will be quite a sizeable project for LBS.
"We have been meeting with Housing and Local Government Minister Datuk Seri Chor Chee Heung, and I have told him LBS is committed to affordable housing," Lim added.
The group currently has 17 on-going development projects this year with a gross development value of RM1.73 billion, out of which 9 are affordable housing projects with terrace and apartment units within the range of RM150,000 to RM400,000 a unit.
"We already have 9,000 affordable housing units in the pipeline for the next two years. These will be located in Batu Pahat, Ipoh, Bandar Saujana Putra and Cameron Highlands with a GDV [gross development value] of RM2.5 billion," Lim said.
In total, LBS has a landbank size of 2,296 acres with a GDV of RM12.5 billion attached.
The group has also recently signed a Memorandum of Understanding (MoU) in April with Jiuzhou Technology Co Ltd (JTCL) for the sale of LBS's wholly-owned unit Dragon Hill Crop Ltd.
Up until now, news on the transaction has been quiet since the MoU signing but when asked on the status of the agreement, Lim said that "the deal is still progressing".
The MoU provides for the parties to negotiate exclusively with each other and finalise the scope and terms of a sale and purchase agreement for Dragon Hill, under which LBS may reap up to RM652 million based on an indicative price of about HK$1.65 billion (RM612.15 million).
Should the deal materialise, LBS will end up as a substantial shareholder of Hong Kong-listed Jiuzhou Development Co Ltd (JDCL), the state-owned parent company of JTCL that runs ferry services and a hotel chain in China.
Exclusive Lim family to buy more LBS shares, sees value PDF Print By Ho Ching Ling of theedgeproperty.com Tuesday, 09 October 2012 13:20 Bookmark and Share
KUALA LUMPUR (Oct 9): LBS Bina Group Bhd managing director Datuk Lim Hock San said today (Tuesday) that his family wants to increase its stake in the company by buying more shares from the open market because the shares at current prices are undervalued.
The Lim family, headed by Hock San, has been actively accumulating LBS shares from the open market since August, according to filings with Bursa Malaysia.
The Lim family, who started the property company, holds a controlling stake in LBS.
In response to a question from theedgemalaysia.com after an official function of the company today, Lim said: "We intend to increase our stake in the company as we think the company is undervalued."
"We (the management) intend to pay out more dividends to shareholders — so as shareholders, we (the Lim family) can get more dividends," he added.
At noon close, LBS share price ended flat at 89.5 sen on trades of 186,600 shares after rising to 90 sen in earlier trades.
Its net tangible asset per share was RM1.14 as at end-June 2012, according to the company's latest results filing.
If is BAD news , why wld Directors bought many shares ??? If the house on fire , u run like headless chicken ............. got it Chicken George , ha ha
shareholder cum directors buyings.... good news announce.... however,price drops...... hmmm....... by the way , any idea on the disposal of the investment in china ?
i m waiting to grab this fellar at 0.78 cts, baru ada sikit daging , no joke if u want to make some $$$$ if not very susah, ding dong ding dong at 0.84 to 0.86 cts, cannot cari makan
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
ah_ngau
3 posts
Posted by ah_ngau > 2012-08-06 22:05 | Report Abuse
Short term tp 1.00?