As usual, directors start buying back the shares. Money goes back to their own pockets, they don't distribute their profits to small share holders like us !!!
LETTER OF AWARD TOTALLING RM35.9 MILLION TO VINTAGE TILES INDUSTRIES SDN. BHD. A SUBSIDIARY OF ML GLOBAL BERHAD (FORMERLY KNOWN AS VTI VINTAGE BERHAD) IN RELATION TO BUILDING AND INFRASTRUCTURE WORKS.
The repurchase of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies will buy back shares either to increase the value of shares still available (reducing supply), or to eliminate any threats by shareholders who may be looking for a controlling stake.
I think its because of the political issued of GST and high pressure of living cost. A lot of negative issued cause the price drop. Market demand not strong. The properties stock keep downward if you review back last few week.
When a company makes money and never issue dividend. no one is going to buy their shares, and what is the point of buying the shares when there is no dividend ? I told you 9 months ago, LBS share will not reach 1.80 by year end, and that is what exactly they wish, buying at low and selling again at high, so they pocket all the money, they care nothing about the small share holders like you all. The lower their share prices go, the more they buy back. Wake up, young men ! This is not, definitely NOT, the counter to put your money in. Oldman has played shares for almost 30 years, don't tell me all those crabs ! At least until now, my view is correct as far as this stupid counter is concerned ! Wait for another 6 months, if you are lucky !? I don't even want to buy in when it drops to 1.40 !
I cant agree more that what was stated by oldman1010. It seems that greed is part and parcel of the controlling/major shareholders of LBS. Perhaps they wud think of carrying bags of cash & stocks (oops....now is scriptless) to the next 'world'......wish them happy happy trading....
If you buy at 40+ sen, there is nothing to complain. LBS has done well and is paying dividends every year. We are also getting special dividends from the sale in Zhuhai. They are also developing fairly impressive properties. Gone are the days where they have to dispose of their landbank to pay for bank interest.
do you mean it worth only 40+ ????? or you bought at 40+ then congratulation on your winning. I bought at 1.60, how can I not complain? if they pay SD before CNY then I will smile and sing and tell you all sort of inspiring stories.
lets first enjoy the new year with our closed buddies and beloved family; then return thereafter to enjoy the expected dividend to be given out and end with a nice capital appreciation which hopefully would be something we could truly enjoy for the cyn. i look forward to seeing the correction phase be done with and confirmation of a trend reversal with a break through level at 1.75 and proceeds to hit my ultimate 2.25 target.
is it a realistic target or wishful thinking? many would reckon it is the latter in view of the general unfavourable/pessimistic outlook for the property sector. but there would be others who reason it is the former as it is doable via the creation of an environment that is conducive to attaining that desired situation; afterall, its fair value now is around the 1.95 region and 2.25 is indeed not a far fetched one. a happy 2015 for all of us.
fabregas, i say my good old chap it is great to hear from you. how is everything? your job, your health, your family... you sure woke up very early in the morning. you take care and wishing you the very best
The Edge Markets reported: Property developer LBS Bina Group Bhd ( Financial Dashboard) has tightened its grip in ML Global Bhd, after acquiring a total of 561,800 shares in the latter, via four open market transactions last week.
Filings with Bursa Malaysia today showed LBS Bina (fundamental score: 1; valuation score: 1.2) had acquired 210,100 shares in ML Global (fundamental: 0; valuation: 0.3) at 41.3 sen last Tuesday, and 145,300 shares at 41.6 sen last Wednesday.
Last Thursday, LBS Bina bought an additional 90,000 shares at 41.5 sen, and another 116,400 shares in the company at 41.9 sen last Friday.
After the transactions, LBS Bina holds 20.46 million shares or a 22.82% direct interest in ML Global, which manufactures roof tiles steel trusses and provides roof designs and re-roofing works.
I studied nearly 300 companies on Bursa, LBS really is one of the highest dividend stock at least until 2017... this year pay 9 sen, about 5.67% yield, very high for Bursa stock. Still holding very good priced land in China Zhu Hai, many projects on the way and upcoming, after few years, more good news coming. Even JF Apex gave RM2.03 target price. Hold this, you won't regret!
(RHB report for Matrix TP RM3). RHB projected the debt for Matrix will be increased in FY16 (11%), whereas LBS gearing dropping to 5.4% in FY15. More importantly, LBS holding a highly valued gem - zhuhai International Circuit. This gem generating rental cash and capital appreciation. And with the take over of ML Global, I think LBS is a better bet than Matrix (though I must admit Matrix is also a good company to invest in).
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....
BBB79
2,689 posts
Posted by BBB79 > 2014-10-09 13:59 | Report Abuse
LBS 股市現價1.65,將會宣布特別股息0.06. (應該1-2個月之內)0.06/1.65=3.6%,穩賺不賠。 TP 1.75 http://www.bursamalaysia.com/market/listed-companies/company-announcements/1380233