QUOTE(lowya @ Feb 23 2017, 04:13 PM)
Haha I just read the report.. very interesting..Net cash on hand is 57 cents, stock price is selling for 40.5 cents. This is a classic net-net stock, long time never see one of these already.
If the shareholder will distribute the profits, then it is a good buy. If they are not sure what to do with the money, might be a classic value trap.
Update :
The company will lease back the sold property for RM 30K a month to LTKM.
The cash from the land sale will be used for the following..
- repay borrowing 11.76 mil
- working capital, construction & others ~26 mil
So.. no money will be back to shareholders...
This post has been edited by gark: Feb 23 2017, 04:33 PM
Feb 23 2017, 04:24 PM

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