Tuesday, November 28, 2006

Show Me the Money Dude!!!

Lion Diversified's quarterly earnings is interesting.

Did you see what I am seeing?


Let me show you the money!!

Quarterly rpt on consolidated results for the financial period ended 30/9/2006

Have a look at their balance sheet.

See the Moola?


Filthy rich, if you ask me!

So if you are an investor, and considering that this is the SHARE market, is Lion D sharing its wealth with you?

Is it?

All I remember that there is a news report posted on the Edge stating the following:

  • 6 Nov 2006: Corporate: Lion Div's DRI plant to cost RM1 bil By Siow Chen Ming
    Lion Diversified Holdings Bhd (Lion Div), the shining star of the Lion Group, is forking out as much as RM1 billion to put up a direct-reduced iron (DRI) plant in Banting. Sources say the plant, which is integrated with the existing flat steel or hot-rolled coil (HRC) plant of Megasteel Sdn Bhd, is expected to be ready by the second quarter of next year. The DRI plant will supply feedstock to Megasteel, which now uses scrap metal or hot briquetted iron (HBI) as feed stock.