strong fundamental does not really means cost a lot, stocks like Aeon Credit, Hong Leong Finance Group, MBSB, Hartalega, Pintaras are some of the strong fundamental stocks. Although the share prices for Aeon Credit & HLFG are high, but the intrinsic values are very very high. Therefore, it is still considered as very cheap. When we say it is cheap, it has to be compared with the intrinsic value. You may find the definition of intrinsic value in google. Warrent Buffet is using intrinsic value as part of the important factor to make decision. any listed company can split the shares and make it cheaper to trade. therefore, the share value itself is not relevant.
to add, total of 2 pieces of lands and 1 tower floor properties in Abu Dhabi are to be contra with the RM100 million owing to the consortium. look at the process: evaluate the properties, negotiate, if agree, prepare legal documents, transfer titles, find buyers, get payment, transfer money back to Malaysia. ( Note : Not easy to transfer BIG money back without proper & tedious procedures ). i see it will take ages lah... the RM25 million profit declared by this counter will suffer much on cash flow...all investors to decide.
Hepitrade, the info I get and my opinion is no more hope to maintain the listing. The most I give is 5% chance. However, if you hold any stock of this counter now, you may hope to throw at better price towards this coming 30 Dec as i think some insider may fry this stock up.
Time 2 go in.. new lowest since it surge 0.38 & above.........cause by middle of the month Company will summit the reg plan..by that time price will surge up....
Cannot fly high anymore...becuz much of share are now floating in market and those who hold the share are mostly above0.2 ..the shark wont let u free from this jail ..
please look at the annual report at http://www.bursamalaysia.com/market/listed-companies/company-announcements/1487441 , page 57 item 13... the evidence show that the cash supposed to be brought back to Malaysia from middle east will be contra by properties. after valuation of the properties, nego, agree, sign, transfer title, find investors, will take ages. can this counter waits so long to slavage its PN17 & cash flow situation?
market price is RM0.135 now. proposed right issue at RM0.30 per share. looks like better buy from the market. after minimum subscription by the main shareholders, some issue to bankers, still have 10 over million RM to be purchased by investors, and at RM0.30 per share.. can this regularization plan works??
On behalf of the Board of Directors of LFE, MIDF Investment wishes to announce that Bursa Securities has vide its letter dated 30 December 2013 that they take note of LFE has sought for a further extension of time from Bursa Securities to submit it's regularisation plan. As such, the suspension on the trading of the Company's securities and the de-listing of the Company in accordance with Paragraph 8.04 (5) of the MMLR of Bursa Securities shall be deferred pending the decision on the application.
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....
FreeThink
4,039 posts
Posted by FreeThink > 2013-11-25 20:27 | Report Abuse
hope mqtech will help u gain the double