Low Keng Huat (Singapore)

Its stock price is moving again It has also breached the 50 cents mark, will there be a stock split soon?

Havent collect enough yet![/align]

(30-11-2012, 02:41 PM)guru Wrote: Havent collect enough yet![/align]

haha just buy at the current price... the CEO bought back recently at 47-48, you are only just paying a small premium now... as of now, you can buy at 50 cents (286 lots available), when the share rises to 60 or 70 plus cents, you wont really care if you bought it at 49,50 or 51 cents. Just buy now!!!

(30-11-2012, 03:17 PM)money Wrote:

(30-11-2012, 02:41 PM)guru Wrote: Havent collect enough yet![/align]

haha just buy at the current price... the CEO bought back recently at 47-48, you are only just paying a small premium now... as of now, you can buy at 50 cents (286 lots available), when the share rises to 60 or 70 plus cents, you wont really care if you bought it at 49,50 or 51 cents. Just buy now!!!

money, money, money,

are you very confident the share price will rise to 60 or 70+ c?
Is it based on calculating how much the Company stand to profit from their sales in the various projects?

(30-11-2012, 06:44 PM)guru Wrote:

(30-11-2012, 03:17 PM)money Wrote:

(30-11-2012, 02:41 PM)guru Wrote: Havent collect enough yet![/align]

haha just buy at the current price... the CEO bought back recently at 47-48, you are only just paying a small premium now... as of now, you can buy at 50 cents (286 lots available), when the share rises to 60 or 70 plus cents, you wont really care if you bought it at 49,50 or 51 cents. Just buy now!!!

money, money, money,

are you very confident the share price will rise to 60 or 70+ c?
Is it based on calculating how much the Company stand to profit from their sales in the various projects?

I am comfortable betting with my own money but not very comfortable telling others what to do with their money.

All i will say is considering everything about the company,
the balance sheet (its debt is truly large but need not really have to worry if you know what is going on in the company), the current property developments (quite substantially sold), the dividend payout, management's attitude to minority shareholders, any other better companies in the sgx currently, and the fact that i am quite conservative, etc, i would think that at the current price, there's still a slight margin of safety (i bought between 37 to 40 cents so i had a larger MOS so i am less worried)

However, i also want to share that if there are new developments in the company, i would have new opinions and i may not necessarily share it immediately. Do make your own decision.

Yup, I got in at 48c....but that was 6months ago. Was stuck with it after it went ex date.

Buying shares is a funny game - when the shares went up, one always lament that they never buy enough. When shares tanked, one will complain that they weren't decisive to cut losses and ended up holding more than desired.

LKH is a relatively simple company - construction, hospitality and development. Moreover they are very focus on each division - never pursue business for the sake of pursuing or for the glory and hype. Hence, the share price lacks the excitement that punters are looking for.

Going forward, it will be interesting to see what strategies it will be adopting since construction is slowing and labour costs is rising due to tighter labour quota. Hospitality - unlikely to see much bargain hunting opportunities since global hotel asset prices are sky high in fundamentally sound economies and hence LKH is unlikely to expand beyond the hotels in Perth, Australia and in Vietnam.

As for property development, with tendered land banks largely sold, profits will be booked progressively over the next few years. Apart from the massive land bank in Malaysia that LKH is taking time to co-developed with privatised parent General Corp, LKH is likely to remain opportunistic in Singapore given the sky high land prices and the ongoing hawkish stance by the Singapore government.

As a result of which, this simple company may end up with few new avenues of growth post the completion of the ongoing development in Singapore. However, it will also become a cash cow and by then it will be interesting to see how the conservative Low family will decide on the fate of this simple company. Simplicity in this case may become a real blessing since management has good track record of sharing with minorities.

Something brewing? Up 3.5 cents with 6.9m shares traded!

Vested.

Sometime ago i was reading the announcement page of sgx and saw this counter wih multiple purchase made by insiders (or was it the ceo?). Unfortunately, that's the most i did and placed the counter in my watch list. It keeps trending up on th chart.

(04-12-2012, 04:21 PM)shn Wrote: Something brewing? Up 3.5 cents with 6.9m shares traded!

Vested.

I doubt anything is brewing. If you throw a dart at any of the 2nd liner property developer/construction company you would have made money. In fact LKH is a laggard as compared to the others. so it is catch up time and triggered by the ceo buying and in anticipation of a good qtrly earnings report coming soon.