math_of_money
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Lai Sun Garment (International) ( 00191.HK)
11-09-2016, 10:15 PM,
Post: #11
RE: Lai Sun Garment (International) ( 00191.HK)
Lai sun owns many industrial buildings on Kowloon side. This fit into Billion real Estate biz strategy.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

Find Reply
12-09-2016, 12:40 AM,
Post: #12
RE: Lai Sun Garment (International) ( 00191.HK)
IIRC, the incentives for revitalisation of HK industrial building expired already..?
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

Find Reply
12-09-2016, 01:58 AM,
Post: #13
RE: Lai Sun Garment (International) ( 00191.HK)
I think the old factory buildings which housed the long gone garment factories, are slowly being converted for sales office and showroom for many mainland companies wanting to open branch office in Hong Kong .

Find Reply
12-09-2016, 08:12 AM,
Post: #14
RE: Lai Sun Garment (International) ( 00191.HK)
(12-09-2016, 12:40 AM)opmi Wrote: IIRC, the incentives for revitalisation of HK industrial building expired already..?

http://www.devb.gov.hk/industrialbuildings/chi/home/
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

Find Reply
02-05-2017, 12:53 PM,
Post: #15
RE: Lai Sun Garment (International) ( 00191.HK)
LAI SUN INT'L (00191.HK) -0.010 (-0.448%) announced for proposed share consolidation on a basis of one consolidated share for five shares. Upon completion, the board lot size will be changed to 1,000 shares from 5,000 shares. Such share consolidation is expected to be effective from 8 June.

This means the shares now standing at $2.20 will , after 8 June 2017, become priced around $11.00 per share ( and hopefully continues to rise higher) and NAV shoots up to $43 approx.

Find Reply
04-05-2017, 10:10 PM, (This post was last modified: 04-05-2017, 10:14 PM by soros.)
Post: #16
RE: Lai Sun Garment (International) ( 00191.HK)
Lai Sun Development ( a subsidiary of Lai Sun Intl 00191.HK ) is proposing share consolidation ( posted on aastocks website ) :

LAI SUN DEV (00488.HK) +0.001 (+0.498%) proposed to implement the share consolidation on the basis that every fifty (50) issued existing shares be consolidated into one (1) consolidated share. The company also proposed to change the board lot size from 15,000 shares to 300 consolidated shares conditional upon the share consolidation becoming effective. The share consolidation is expected to be effective 8 June.

The share price closed at $0.202 today . So after 1 for 50 consolidation, we should see $10 per share. The NAV should shoot up to $40 per share.

The unknown factor is what happens to the annual dividend ?

Find Reply
03-10-2017, 01:30 PM,
Post: #17
RE: Lai Sun Garment (International) ( 00191.HK)
Lai Sun Garment ( 0191.HK) issue a positive profit alert dated 15 Sept 2017 and the Board expects to record a substantial increase in consolidated profit in the Accounts for year ending 31 Jul 2017. See announcement below

This announcement is made by the Company pursuant to Rule 13.09 of the Listing Rules and
the Inside Information Provisions under Part XIVA of the SFO.

The Board wishes to inform shareholders of the Company and potential investors that the
Group is expected to record a substantial increase in consolidated profit attributable to owners
of the Company for the year ended 31 July 2017 as compared to the consolidated profit
attributable to the owners of the Company for the corresponding year ended 31 July 2016. The
consolidated profit attributable to owners of the Company for the full year, based on unaudited
consolidated management accounts, is expected to be a mix of a decrease in profit from
operating activities before revaluation of the Group’s investment properties and primarily a
substantial increase in revaluation of the Group’s investment properties during the year under
review. Shareholders should note that the Group’s financial results for the year ended 31 July
2017 have not yet been finalised and is subject to audit by the Company’s auditors.
Shareholders and potential investors are advised to exercise caution when dealing in the
shares of the Company.

Find Reply
11-10-2017, 12:57 PM,
Post: #18
RE: Lai Sun Garment (International) ( 00191.HK)
Here it comes - The final results for last year will released in 9 days time .

The company issued a positive profit alert on 15th Sept and lets hope the Directors will follow up the substantial increase in consolidated profit by "substantial increase in dividend"

The tiny dividend last year of 6 cents ( = 1.2 cents x 5 after 1 for 5 consolidation ) is a derisory dividend level for the share having NAV = $43



DATE OF BOARD MEETING

Lai Sun Garment (International) Limited (“Company”) announces that a meeting of the board
of the directors of the Company (“Board”) will be held on Thursday, 19 October 2017 for the
purposes of considering and approving, among other matters, the announcement of the final
results of the Company and its subsidiaries for the year ended 31 July 2017 for publication and
the recommendation of the payment of a final dividend, if applicable.
For and on behalf of
Lai Sun Garment (International) Limited
Tse Pik Ha
Company Secretary
Hong Kong, 9 October 2017

Find Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)
Valuebuddies.com | Return to Top | | Lite (Archive) Mode | RSS Syndication | CONTACT US: nas......@valuebuddies.com |