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IPO Info Key Data:
Prospectus: RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,914,061,696 NEW ORDINARY SHARES OF L&G ("L&G SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.21 PER RIGHTS SHARE ON THE BASIS OF EIGHT (8) RIGHTS SHARES FOR EVERY FIVE (5) EXISTING L&G SHARES HELD AT 5.00 P.M. ON 14 APRIL 2017 BASED ON A MINIMUM SUBSCRIPTION LEVEL OF 820,000,000 RIGHTS SHARES 32 people like this. PennyStock123 22 Nov 2023.......1H net profit 20.515 million (increased 125.02%) 23/11/2023 10:42 AM prudentinvestor Such a cheap counter. Still a profitable company and paid 0.6 sen a share in dividend. Buy and keep and wait for syndicates to push its price up. 05/01/2024 12:29 PM prudentinvestor Has been trading at below 20 sen for about 6 years already. Should be worth above 25 sen a share when the economy picks up. Nothing to worry, dividend yield is still better than 1 year fixed deposit rate. 08/01/2024 9:21 PM prudentinvestor L&G made 0.68 sen a share in the second quarter. Actually it only needs to turn in quarterly earnings of 0.50 sen a share or full year earnings of 2 sen a share. With such earnings, it should be able to pay a dividend of 1.25 to 1.5 sen a share. Assuming a PE of 12 to 13, it should then trade at around 25 sen a share. 19/01/2024 10:48 AM prudentinvestor Keyed in my bid @12.5 sen yesterday. Queue whole day still cannot get. Only another 6 minutes left. 26/01/2024 4:40 PM prudentinvestor Queued to buy again @12.5 sen. Hope this laggard's price would start to move up soon. 26/01/2024 9:09 PM prudentinvestor At 12.5 sen a share, it is still trading at about the same level as the 2007/08 global financial crisis. No reason for it to remain at this level. 27/01/2024 5:08 PM theyoungman 0.13 already. Mid long term super laggard undervalued stock. Have to wait patiently if invested. No fast $ 29/01/2024 9:36 AM theyoungman With 6% dividend for 5yrs, if share price 0.100@ 6% return. 30% in 5yrs. But stuck at 0.20 with 50% downside to 0.10 errr. But ok, if it will run up in next 2yrs.... Hihihi 29/01/2024 8:44 PM prudentinvestor Don't worry about L&G, it won't collapse. In January last year, it was only 10 sen. Those who had bought at 10 sen this time last year already have a return of 36% including the 0.6 sen final dividend. 30/01/2024 12:10 PM theyoungman Ya pru. Current price, safe bet. Upside potential is > downside. Downside risk is limited. Even of the price fall from 0.13 to 0.12, it is still quite close to the 5% 6% dividend payout in next Oct. No harm no damage. Invest with care, do not contra. 30/01/2024 1:26 PM prudentinvestor Often when you are over prudent, you miss the opportunity to make quick money. Kamikazi type of investment can sometimes bring you more returns. 30/01/2024 5:59 PM prudentinvestor With constant purchases and sales over the past two years, I have managed to bring down my average cost to around 18 sen, discounting the dividends I have received so far of course. 15/02/2024 10:25 AM prudentinvestor Have been stuck in this counter for over 7 years now. Would very much like to get rid of my nightmare. 15/02/2024 10:49 AM jack2 the bottomline is on the rise and the next few years is going to be interesting 1. the former club house land conversion at the cheap price is finally going to bring good revenue and profit. first project livista is selling very well 2. Wym residence at puchong is also doing well due to strategic location 3. education biz is clocking double digit growth 15/02/2024 2:35 PM theyoungman Oh @pru, stuck for so long already? Oh. I spotted it when it was 0.1 in Aug Sep last year. Knowing it has been around 0.1 for many yrs. Quite teruk if no goreng. It also got project do together with Country Garden? 碧桂园。。。。 Any side effects? 15/02/2024 6:19 PM jack2 https://www.edgeprop.my/content/1907208/land-general-says-jv-project-country-garden-semenyih-self-sustaining self sustaining project and at last phase 15/02/2024 10:15 PM prudentinvestor It would go above 20 sen a share again one day. That is my conviction. 19/02/2024 5:16 PM theyoungman Ya pru. Slowly but surely. Same as 8877 1651 also cannot rush. What to do. Investment is lidat. 21/02/2024 8:10 AM prudentinvestor Suddenly becomes so active. Could be a sign that it is going up. I have already stocked up over the past few weeks. 21/03/2024 2:51 PM prudentinvestor Above 18 sen can start selling already. Can achieve 22 sen average selling price good enough already. 21/03/2024 2:58 PM | |