FYI I have been scrutinizing the activities of LBS, the directors are buying and are still buying todate. So Let me clarify its not a trap, just that traders jump in at the wrong time. Let's see what will happen on Friday when all the weak holders are shake out. Buying and selling of shares of this nature is based on the timing.
Landed property shift to HK company first and pay LBS in 5 years. Too long, 5 years is a long time. Any thing can happened. Why dun HK company get a loan for the acquisition of the land from HK or China bank? Or the company is not bankable?
what did i told everybody? gbgaqrs pattern...now u believe...so target price to buy is (just main teka-teka kasih hantam) = 86.5 cents as the lowest for gbgaqrs , or around it...jaga my predictions for LBS have been true since the fall from RM 1.13
Tham Kian Teck, a lot of possibilities thrown in your opinion. Actually, the real issue is what is the current and future prospect of the property market in china, especially in Zhuhai and its surrounding where the land disposed is located. What can LBS gained further by assisting the buyer of its land, besides the unlocking of F1 land, which I think is speculative as LBS is already a developer and should be able to develop all the land it has in S china on its own and why sell it to another party, which is not its subsidiary.
Also the fact is that most property companies lacked working capital due to the increase in the price of vacant land, hence we have SP setia, Mahsing and many more will either call for rights or private placement in future. Possibly, we may have situations where LBS pays a little dividend and subsequently call rights or private placement, diluting earnings and increasing the number of shares due to shortage of working capital.
My opinion: Development is not a simple issue especially involving a big piece of land. It involve a huge sum of money which is a critical life line for any developer to move forward. I believe LBS disposal to Zhuhai Holding is a wise move after a long delay consideration from the payment term imposed by Zhuhai Holding. LBS gain from the land appreciation from the disposal as well as becoming a Zhuhai stakeholder 18.6% as well as a future development partner.
What Tham Kian Teck point out is correct of all the fundamental & future value of this company. Bear in mind there is no rules stated the company must pay the shareholder dividend from the gain of the land disposal minus all debt. For example INCKEN which should be value at 1.70 (assuming no dividend) after the gain of 300M from the land disposal to UEM but yet the shares price still remain at 0.92.
All this stock counter is only interested to make use of the land disposal gain to play up their shares price (disposing high to retailers) and depress down to collect back cheap profitting big time from the shares market. LBS from 0.90 - 1.14 - 0.92 back to square one. Virtually everything is already plan up, set up & controlled (reality of the shares market).
That's the reason why fundamental & price action is a separate issue and not necessary match.
I already remind u all the price will come back to rm0.90 ... Coz they use stokist to create false market activities... Not all the ppl can realised! Lim family bought back the shares but may be someone in the family is the other sellers... Understand or not!! Must be careful investing in malaysia market...
Nothing you can do about it Zhenghoe with all the fake buy & sell, not only in Malaysia creating false activities, it is everywhere global unless you get out of the shares market.
Even if you out of the shares market you still have to face all these unseen "price fixer" in every area. The only difference is it is slow motion rather than split second gone with the wind in shares market. Learning not to get caught & reading the situation is an important survival skill.
I know i cannot save the world ... But at least i try my part to pinpoint the difference between the real and the fake in order to make less investor losing...
Yeah Zhenghoe I know you mean well. Pinpointing the difference requires skill.
LBS is still worthy, don't just simply listen. Exercise you mind & do some research homework when you intent to invest or trade. After all it is your hard earned money that you are investing.
I believe the price action will be well supported at 0.88 - 0.92 range. Another trend will come but you need to be patient & waiting. LBS is fundamentally intact. As always price action is always game.
You are right, from my indicator it looks that way. Syndicate tactical play.
Posted by Zhenghoe > Apr 20, 2013 12:33 AM | Report Abuse
I already remind u all the price will come back to rm0.90 ... Coz they use stokist to create false market activities... Not all the ppl can realised! Lim family bought back the shares but may be someone in the family is the other sellers... Understand or not!! Must be careful investing in malaysia market...
Let the selling subside before going in. See how low they want to hit. Once the low stabilize can go in. From indicator it is a sharp drop, slight rebound momentum.
The market not healthy at the moment, lots of uncertainty issue. So the best way is to wait it over
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....
csk396
224 posts
Posted by csk396 > 2013-04-16 09:53 | Report Abuse
GE is nearing 3 weeks only, isnt it good to sideline now and collect after GE ?