Type Announcement Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIOD Description The Company has received notices dated 29 July 2019 from the Directors on their intention to deal in the securities of the Company during the closed period pending the announcement of unaudited financial results for the quarter ended 30 June 2019.
Once unaudited results for June 19 is announced like past records with positive earnings this counter will shoot up above 0.20 cts and if debts is well managed by issuing rights to redeem to create more working capital the worst may be over...Directors is buying in bulk thus week and given enuff time this counter will shine again
London Biscuit should be able to make it's interesting debut again.
- Strong business fundamental which in involving in the FMCG industry. - LONBISC solid business display which see the company in the green for many consecutive years. - Global population growth, accelerates the demand of food. - LONBISC market presence in both local and international market. - LONBISC being able to cater to the HALAL market, which is 70% of Malaysia population. - Potential privatization as published recently in TheStar - Trading at a slash discount which consist of 85% freehold properties asset. - Strong growing revenue and a potential revenue break out - Festival Season to boost demand. - Sole distributor of Disney Trademark in Malaysia - Restructuring means more cost cutting
Just wait ...cant go any lower liao...restructuring plans will be announce soon ...company is profitable and very unlikely will close shop...directors still acquiring since the drop...does this tell you something
London Biscuits Berhad is engaged in the manufacture and trade of confectionery and other related foodstuffs in Malaysia and internationally. The company's products include corn based snacks; cake products, such as Swiss rolls, pie cakes, and layer cakes; and various assorted chocolate confectionery comprising chocolate-coated peanuts and biscuits, pancake cookies, jellies and puddings, wafer sticks, cup sticks, and snack noodles. It is also engaged in the trade of preserved foods and general food stuffs; and letting of property. The company offers its products under various brand names, including Lonbisco, London, Kinos, Gega, Caca, Mizu, and Hiro. London Biscuits Berhad also markets its products in the People's Republic of China, Hong Kong, Macau, Indonesia, Singapore, Taiwan, Thailand, Vietnam, and the Middle East. The company was founded in 1981 and is headquartered in Ulu Tiram, Malaysia.
for a contrarian, this is not a bad choice............
fraud? too much debtors? PN 17? Chairman resigns? cashflow problems? bad capital expenditure decisions or frauds?
but what if company don't go bankrupt? what if the company restructures, have a recovery plan and survives? now only 16 sen and market cap. < $ 50 million
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....
Robinson
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Posted by Robinson > 2019-07-24 23:07 | Report Abuse
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