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LBS is not the only Company that has land reclamation project in Melaka. M-Wez Development is consider a mega project, with many players. There are about 30 Concession Companies, for the land reclamation project.
KSL is RM 3, and IOI is RM 4. It is so expensive. Unless if you are a millionaire, you can only buy peanuts (i.e. small amounts) from this counter, and with these peanuts how much can actually earn from capital gain or dividend?
Yes I comment a lot on LBS, but majority of my comments are about the Company's fundamentals, performance and prospects. I have never 'beg' or encourage anyone to buy, as you are alleging me to be. So don't simply throw accusations, and insult me...
Lately, can see LBS is gradually shifting more focus on Commercial, Industrial & Mid-Higher End Residential. On Residential side, they have launched Aulica in D'Island, Puchong and most recent of all; Sapphire Garden in Johor.
The Company struggles to perform, NTA is only 0.0609, and has poor cash flow. Makes no sense share value can be RM 1.140 with Market Capitalisation of 6.9 billion.
Looking at the Shareholding Changes, we can clearly see the Management, buy and sell amongst themselves to keep the counter interesting. Is funny to see, today the Director will sell millions of shares, then tomorrow buy millions of shares.
Bursa should put this type of Company on watchlist.