Wednesday, January 31, 2007

Show Me the Moola, LaFarge!

:s49: :s49: :s49:

It really amazes what these buggers are doing. It's no wonder the investing community do not rate this stock as highly as the other listed cement stocks in the country.

This is what they announced last night.


  • - PROPOSED CAPITAL REPAYMENT TO THE SHAREHOLDERS OF LMCB VIA A CASH DISTRIBUTION OF UP TO RM566.46 MILLION ON THE BASIS OF RM0.20 CASH FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.50 EACH ("SHARE") HELD IN LMCB VIA A REDUCTION IN THE PAR VALUE OF THE ORDINARY SHARES OF THE COMPANY OF RM0.50 EACH TO RM0.30 EACH AT A DATE TO BE DETERMINED LATER ("PROPOSED CAPITAL REPAYMENT"); AND

How much? Only 566.46 million.

Take a look at their cash balances.



Now have a look at the group total loans.



Incredible eh?

I thought so too!

Oh, mind me not, the stock should probably zoom after this.

1 comments:

Anonymous said...

Bro, this guy has already zoomed-up 100% in 6 mo. It was at abt 0.75 mid 06 and its now abt 1.50. Is it too late to go in now? Just curious, why was there a big dip in its earnings for FY2005?