Those who claimed that high retention of profit is good for Latitude, here's your chance to buy. Put your money where your mouth is. That's is like stating that the one legged fella is the best in the world of the 2 legged fella
alex chan and lukesharewalker: just wait 13days then u will know. You just empty talking here haha. My position still same. Topup once reach rm6 and no position changed now.
i dont know why go down. Probably due to panic sell as no ppl support on buy side. Just push down la. I dont care. I care about result. As a value investor, drop mean buy more. Result out in 13days. Nothing to panic about XD
how to go up if someone hv 10mil shares to sell? he and his gang are keep selling as his costs were around 4.80 to 5.00 They tried to sell as much as possible.
soohau78, u r right...I have been watching many other counters for years also had same move before result outs but there is exceptional case of course but since results can be calculated, it worth to bet on this counter...
Notice of Twenty-First Annual General Meeting. Date of Meeting: 10/12/2015, Time of Meeting: 3.00 pm. Venue: Putra Room, Kelab Golf Sultan Abdul Aziz Shah, No. 1, Rumah Kelab, JalanKelab Golf 13/6, 40100 Shah Alam, Selangor Darul Ehsan. Date of General Meeting Record of Depositors: 04/12/2015
slater, Hevea directors generous and so shareholders happy. Latitude..... much to be said about directors, Can easily give special div if don't want bonus issue but keeping funds (hoarding) wonder why. Am very very suspicious of them. Don't want to share the cake
Havn't posted for quite a while. Anyway I just bght some. I was embolden by the upward movement of Hevea, Liihen. That means the industry as a whole is doing pretty well. So I think Latitude results will be on par with the rest. The current price of 20% off its peak is a bargain. Of course, investors are generally disappointed with the low div and no bonus. So if you are an disgruntled investors, you shld attend the AGM Dec 10 and ask these questions.
In order to manage quality and stability of supply of raw materials, the Group plans to expand its upstream operations especially Kiln Dry and Saw Mill facilities to meet the raw materials requirements of its existing furniture plants in Binh Duong, Vietnam and Selangor, Malaysia. The newly acquired panel board lamination factory will provide new varieties of raw materials and will help to mitigate reliance on solid woods. It also allowed the Group to diversify into new industry and new type of products.
In order to reduce reliance of low-skilled labour and to improve production efficiency, the Group has allocated RM35.0 million to upgrade or automate existing production lines with advanced automation and state-of-thear technology machinery.
So they plan to use money for upgrade or automate existing production line. Also to acquire "raw material company" to provide latitude raw material in vietnam. So this is the reason why they dun wan to give more dividend.
Probably month end. Their accountant just finish doing annual report. They need time to do quarter report. Just like last year, previous year and the year before, the result most probably out on 27, 28, 30 Nov.
Anyway I added my position again just now after i saw the future of Latitude.
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....
Lukesharewalker
6,535 posts
Posted by Lukesharewalker > 2015-11-17 16:23 | Report Abuse
Those who claimed that high retention of profit is good for Latitude, here's your chance to buy. Put your money where your mouth is.
That's is like stating that the one legged fella is the best in the world of the 2 legged fella