LBS Bina (Outperform, TP: RM2.08): Together with its construction unit ML Global, seek trading suspension. LBS Bina Group and its 51.2%-owned construction unit, ML Global, have requested a three-business-day trading suspension of their shares effective today until Wednesday to make way for a “material announcement”. Shares in ML Global were last traded at 71.5 sen, up three sen from its previous close. LBS had in April made a mandatory general offer (MGO) to buy out the remaining shares in ML Global for 56 sen each. (StarBiz)
I have been holding this at a relatively high price since August 2014, @ exactly the pre-suspension price of 1.72.
But it has paid plenty of dividends since then, I think 20.25 sen per share plus a bonus warrant issue so my cost is closer to 1.48c when all those are included. If it jumps over 25c tomorrow I think i will sell...
Tmr if mlglobal jump 20% that means the construction division was sold based on 17-18 PE. Is worth rejoicing. If mlglobal limit up then it was sold at 19 PE.
Additionally on the construction division, it's annual earnings growth is flattish. So being able to sell at 17-19 PE is already unlocking tremendous value. 17-19 PEs are only reserved for growing companies valuation. Thus they basically sold a flat earnings company at a growth rate PE. Is good.
based on the latest qtr, construction segment assets was 96m. so selling at a price tag of 225 mil is a good deal. because it was sold at a premium of 130m or 21sen per share for LBS shareholders. if mlglobal shares go higher from here because of the new acquisition, the value unlocked is above 21sen per share.
If you look at the pattern of its price chart, you will notice that this stock moves up (surge) and then consolidates (for a while) before moving up to the next level....since December 2015.
There will be a seminar entitle LBS Bina Group Berhad Corporate Presentation organised by CIMB Invesment Bank Berhad on 11 October 2016. Venue: CIMB Investment Ground floor, Tropicana City Tower, 3 Jalan SS20/27, PJ Time: 12.15pm
These shares from ESOS were listed on 12 Oct 2016. Some staff may be tempted to sell these shares for quick profit as their cost is so much lower than the price on 12 October...
LBS BINA GROUP 156,000 1.42 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 120,500 1.35 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 105,600 1.23 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 103,700 1.29 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 102,500 1.08 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 98,600 1.48 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 97,700 1.22 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 47,600 1.22 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 40,600 1.54 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 39,700 1.18 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 20,400 1.21 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 19,600 1.40 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 14,500 1.45 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 12,000 1.50 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 8,500 1.43 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 8,500 1.46 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 8,500 1.52 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 7,500 1.00 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 3,400 1.55 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 2,800 1.33 12-Oct-16 1.00 Exercise of ESOS LBS BINA GROUP 2,500 1.44 12-Oct-16 1.00 Exercise of ESOS
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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....
FaithTrader
9 posts
Posted by FaithTrader > 2016-05-05 11:36 | Report Abuse
Price hovering btwn 1.58 and 1.61 over these few days. Wud a special dividend forthcoming....