Lee Kim Tah Holdings

For unknown reasons - as (1) the Lee's can buy now, and certainly not before the 2Q results are released (expected by 15Aug12); and (2) there has been no announcement of any sorts since 1Jun12 - there were buyers willing to bid up LKT's share price in the last 2 market days (20Jul, 23Jul), raising the counter by 4.3% already, to close at $0.72 today. Something positive brewing?

Building on dydx's posting of yesterday evening on this thread, it is pleasing to see Lee Kim Tah's share price edge up further in trading today, closing at S$ 0.73 per share in a not-too-shabby-by-LKT-standards volume of 64 traded lots. So yesterday - and the day before - appear NOT to be one day wonders. I realise there was a similar two-day burst at end March followed by a share price drop to the ~ S$ 0.68'ish level - but this time round there is more volume. Time will tell.

The last time the Lee's disclosed a LKT share purchase was for a trade at end May, i.e. some eight weeks ago........ quite a time gap as compared to previous periods when they didn't pick up any shares........ and, as dydx points out, this will continue for another three weeks or so until the 1H 2012 results are publicly disclosed.

I still believe this counter is good value, i.e. at today's closing price - one that outperforms comparitor benchmarks and has a raft of potentially lucrative upsides.

Vested

(23-07-2012, 06:46 PM)dydx Wrote: For unknown reasons - as (1) the Lee's can buy now, and certainly not before the 2Q results are released (expected by 15Aug12); and (2) there has been no announcement of any sorts since 1Jun12 - there were buyers willing to bid up LKT's share price in the last 2 market days (20Jul, 23Jul), raising the counter by 4.3% already, to close at $0.72 today. Something positive brewing?

Without any fanfare, today (25Jul12) LKT edged up by another $0.02, or 2.7%, to close at a new record high of $0.75, with a mere 40 lots transacted.

Today (26Jul12), LKT closed up another $0.015, or 2.0%, at $0.765 - another new record high! - with only 63 lots transacted.

Thank you for sharing these updates dydx.

This means that over the last six (6) trading SGX trading sessions, LKT's share price has risen (continuously) by almost 11%, i.e. from S$ 0.69 at the close on 19 July to S$ 0.765 at today's close. I realise the volume is modest but it is striking that this rise a) is entirely driven by trading amongst minority holders (i.e. the Lee's are not involved), b) is against the background of absolutely zero LKT news, and c) has been achieved in a choppy, somewhat directionless overral market.

I wonder if something is brewing vis-a-vis LKT's Indian business? Or something corporate? I was in Jurong Point last week and there was no sign of e.g. a major new tenant moving in. Difficult to know what is propelling this pleasing upward move - may be we will learn a bit more on 10th August. I still believe LKT is good value - the key ratio's are not demanding, at today's closing price.

Vested ............ and for the avoidance of doubt ........... I aint complaining.

(26-07-2012, 10:26 PM)dydx Wrote: Today (26Jul12), LKT closed up another $0.015, or 2.0%, at $0.765 - another new record high! - with only 63 lots transacted.

Following on from yesterday's postings on this Lee Kim Tah thread ....

LKT's share price rose a further ~ 2% today, to close at S$ 0.78. Volume was a meagre 9,000 shares with only three trades done. Over the last seven (7) trading SGX sessions, LKT's share price has risen a tad over 13%. Still no indication of what is driving the share price increase.

Vested.

(27-07-2012, 12:16 AM)RBM Wrote: Thank you for sharing these updates dydx.

This means that over the last six (6) trading SGX trading sessions, LKT's share price has risen (continuously) by almost 11%, i.e. from S$ 0.69 at the close on 19 July to S$ 0.765 at today's close. I realise the volume is modest but it is striking that this rise a) is entirely driven by trading amongst minority holders (i.e. the Lee's are not involved), b) is against the background of absolutely zero LKT news, and c) has been achieved in a choppy, somewhat directionless overral market.

I wonder if something is brewing vis-a-vis LKT's Indian business? Or something corporate? I was in Jurong Point last week and there was no sign of e.g. a major new tenant moving in. Difficult to know what is propelling this pleasing upward move - may be we will learn a bit more on 10th August. I still believe LKT is good value - the key ratio's are not demanding, at today's closing price.

Vested ............ and for the avoidance of doubt ........... I aint complaining.

(26-07-2012, 10:26 PM)dydx Wrote: Today (26Jul12), LKT closed up another $0.015, or 2.0%, at $0.765 - another new record high! - with only 63 lots transacted.

Possibly .............Something is going down at Lee Kim Tah. At 16.45 hrs today there was a single trade of 24.5 Million shares (repeat: 24,500,000 shares or ~ 4.8% of LKT's issued sharebase). And LKT's share price closed up over 7.5% higher at S$ 0.78 - in an overral strong market.

Will be interesting to see what is disclosed, if anything, to the SGX this evening or early next week.

Vested

Hmm.. India International Insurance has 19million. Could this be it?

If today's (14Sep12) change-hand of 24.5m shares would lead to the Lee Family launching a GO for the remaining shares at +/-$0.78, I will be really sad even though I stand to make a small bundle from this investment as, IMHO, each LKT share has a much higher intrinsic value in excess of $1.00, or more like close to $1.10.

confirmed liao.. 24M brought by Lee family... :O