Posted by stockmanmy > Jan 1, 2017 04:44 PM | Report Abuse consumers no power Ahjib and his GST taken all away already avoid all non essential consumer related stocks
Guys, I realised the issue. LonBisc is including KheeSan Bhd results and balance sheet items into its own financial statements. Beginning the coming quarter the two companies results will no longer be consolidated together.
This is such a terrible company. Look at the profit margins and ROE. Pathetic. The directors are feeding themselves by giving their own companies contracts.
The players behind Lonbisc either have no balls or lack of funds to push the counter. The day you see a sudden surge in volume, it could be bye2 day. Obviously this counter isn't good for a punter. Without punter, LonBisc will remain just as biscuit -- no many are interested.
This is a shit company lah. They consolidated Khee San's Assets into their books. Now they are unconsolidating. Shitty margins, terrible ROE. This stock is overvalued I tell you. Lots of related party hanky panky going on as well.
nikicheong ..... just one simple question . If this company is so bad as you say why you still holding their share ? if you think they cheat in accounting you can report to SC .
This quarter report coming out next week 31 may. If kheesan accounts are not consolidated we expect lonbisc revenue to drop. But profit shd remain as kheesan had declared 1 sen div last Q.
not impressive QR but still profit making. if you look inside their borrowings is significantly lowered, if wasn't for the high finance cost (which is lowering steadily) their EPS would be a lot better. with such NTA 2.16 I think this stock is still very good to hold for it's future potential if anyhow they clear all their borrowing. hope there won't be panic selling tomorrow
last day & last minute announce 3Q result was expected poor & bad ....,tomorrow sure down!bad management team, no good to hold for long term.Good luck!
Yea, so glad that it is not dropping, this company has been very generous in giving dividend in the past, and their loan issue is getting managed very well, hold tight guys
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stockmanmy
6,977 posts
Posted by stockmanmy > 2017-01-01 16:44 | Report Abuse
consumers no power
Ahjib and his GST taken all away already
avoid all non essential consumer related stocks