it is too bad my stimulate package almost finish.

i think the most serious stock crash is saag so far. my 2nd stimulate package will utilize if it drop below rm0.2

mati loh, -20 pts coming soon. 1000 sure break one.

market is going to rebound lioa leh.

dj red, ci green.

ci soon bcome green.

wait the child is crying, only then i will rescue.

ci is going to green now.

dj red, ci green.........

my share all green green now.

i lov the tm share, it is always act differently.

FATTAT lol.
----------------------

7177
CALL ON ADVANCE PAYMENT BOND

DESIGN, SUPPLY & INSTALLATION OF INTERIOR FIT-OUT WORKS FOR TIARA UNITED TOWERS
IN DUBAI (THE PROJECT) CALL ON ADVANCE PAYMENT BOND (APB)
Reference is made to the earlier announcement dated 11th June 2009, whereby LCL
Corporation Berhad (LCL or the Company) had announced that the issuing bank of
the APB provided by LCL Interiors Contracting LLC (LCLIC) to Arabtec
Construction LLC (Arabtec), the Main Contractor of the Project, had made the
payment amounted to AED25,400,389 to Arabtec pursuant to their claim. LCLIC had
earlier received an advance payment of AED39 million from Arabtec being 25% of
the contract sum.
SETTLEMENT
The Company is pleased to inform that, on 22nd June 2009, LCLIC and Arabtec has
resolved the final account in relation to the Project and reached a full and
final settlement with regards to the disputes in relation to the Project
amicably.
Pursuant to the said settlement, Arabtec shall refund to LCLIC the balance of
AED5,443,024 being the difference between the final payment to which LCLIC is
entitled and the claim amount on the APB. Accordingly, it was further agreed
that the APB and the Performance Bond provided by LCLIC to Arabtec in relation
to the Project shall be cancelled and the civil suit instituted by LCLIC
against Arabtec shall cease accordingly.
FINANCIAL EFFECTS
The financial effects on the above settlement are as follows :
a) An estimated revised net cash flow impact of approximately AED19,957,365
(equivalent to RM19,264,046) to the Group as compared to AED25,400,389
(equivalent to RM24,192,093) previously reported;
b) A decrease of net gearing ratio to 2.89 times as compared to 2.92 times
previously reported (currently at 2.75 times based on audited financial
statement for the financial year ended 31 December 2008);
c) A profit recognition of AED3,304,376 (equivalent to RM3,189,581) instead of
loss recognition of AED3,096,012 (equivalent to RM2,948,735) previously
reported;
d) An improvement on Earnings Per Share to RM0.1278 as compared to RM0.0755
previously reported;
e) An improvement on Net Asset Per Share to RM0.99 as compared to RM0.95
previously reported.

lcl like to announce thing after closing, like tis on 23/06/2009 05:49 PM

ci still in uptrend track....

ci is hardly to having big crash as many ppl already know the trap is just let the shark to buy at lower. ppl seel down the stock because fear of the companies will go bankrupt due to economy crisis and since majority think the worse is already over under obama leadership, so there is no harm to buy and keep from the lower.

market will act like "U", open green, then red and close with green.

dj red, ci green.

i promise myself not do any trading till ci hit 1100.

This post has been edited by sampool: Jun 25 2009, 09:19 AM

should buy more.

This post has been edited by sampool: Jun 25 2009, 10:27 AM

shut down my monitor.