LH   

Not To Buy At All-Overhang of Shares

when is this stock going to move north?  really getting impatient with the management!  They are paid so much and they are destroying shareholders' value

 

Dun think so for short term. Still long way to go before it can reach you target price.

 

will this counter ever going to move past 10 cents?

 

TPG, i'm taking a chance for it to move a little tomorrow. 0.075 is good. haha. Vested

 

$650 plus broker fees...ard $700plus....means u need to sell at least at .075...my advice...wait for it to go below 6cents then buy....current situation it wont be up so soon....or never

 

Yes! think again if you are buying 10lots. How much do you wish to profit? you have to take the broker com into consideration.

 

hello pension, lets say i want to buy 10000 shares of lianghuat, so i  have to pay just around 650$ right. thanks

 

Jut curious. If NAV is negative, wouldn't the SGX query further for clarification?

 

This counter is a great disappointment.  Consolidated the share 10 to 1 but the share price doesn't reflect that.  Imagine you had 10,000 shares and it was S$0.05 per share.  Now you only have 1,000 shares and the price is S$0.07 per share.

 

The biggest shareholder is currently Ho Lee Group. HLG is in charge of upgrading projects and construction building. Liang Huat will for sure supply them the materials. i do believe this counter will move north soon.

 

those who buy this counter last week, I think are betting that the company is supplying aluminin material for our IRs.

 

Based on the B/S as at 1H/07, the NAV per share is -$0.1207 (Net asset value per ordinary share as at 30 June 2007 was calculated based on the weighted average number of shares in issue of 1,110,630,000. It sum up to -$134,053,041 in total NAV). Be careful...

 

This counter got no much business...got a friend left this coy some 3 mths back...say so...i dont know if it is true...but y take risk...so many place to put our $...forget this one..

 

the company asset is very much lower than their liability, if you read their history in the sgx announcement, you make want to jump ship before it is too late.

 

Think a lot of people went in this counter due to the 10 into 1 consolidation and i am one of them (heavily vested), lol.. Bt never did i realised that there are more shares being issued at such a cheap px.. All those investors who held on to the shares before consolidation suffered even bigger losses.. I was wondering whether the company got think of those loyal investors or nt in the 1st place..

And going by my simple calculations- outstanding float now shld be ard 3+bil, so "fair value" shld be ard $0.09 (not an inducement to do any buy/sell actions pls).. and those poor investors holding on to the shares before consolidation til now are sitting on huge paper losses.. I think the company shld do smthng before the shares px goes down to the pre-consolidation stage.. And the company shld comes out and clarify a lot of issues that is churning in those poor investors's brains of this company, e.g, can the Investor and the Sub Investor of the 2bil shares sell their holdings immediately since they got it at such cheap px, the placement shares px in july is before/after consolidation mode and so on..

I guess there will be volatility since the last announcement made by this company is not very favourable (in my own contexts) and maybe foced sellings & buying-in for this week..   

 

I hope you guy dont mind...i know alot of ppl already in this counter...i suggest you cut loss ..this one is risky...i hope i am not wrong...but i just cant st by seeing ppl wasting their hard earned money here...trade with care..but be careful...this counter is empty shell..is been play..BE CAREFUL.

 

Circular on Listings Matters
                                                Circular No.  LM/3101/2007
                                                                         
Subject   LIANG HUAT ALUMINIUM LIMITED ( the "Company")                  
:         Issue of new ordinary shares                                    
                                                                         
From :    Vice President, Market Control                                  
                                                                         
Date :    08/30/2007                                                      
                                                                         


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An  additional  7,460,798,538  pre-consolidated  new  ordinary  shares  and

2,300,000,000 post-consolidated new ordinary shares will be granted listing

and quotation with effect from 9.00 a.m., Friday, 31 August 2007.



These new ordinary shares comprise of :-

(i)  7,460,798,538  new  ordinary  shares  issued  in  connection  with the

modified  scheme  of  arrangement   between  the  Company  and   its scheme

creditors   and   Liang   Huat  Aluminium  Industries  Pte  Ltd  creditors(

pre-consolidated shares) ;

(ii)  2,000,000,000 moratorised new ordinary shares alloted to Ho Lee Group

Pte Ltd and the Co-Investor upon the completion of the investment agreement

( post-consolidated shares );

(iii)  300,000,000  new ordinary shares issued pursuant to the placement  (

post-consolidated shares ).



This  Member's  Circular supersedes Member's Circular No. LM/3100/2007. The

change is as underlined.



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SINGAPORE EXCHANGE SECURITIES TRADING LIMITED
Company Reg No.197300970D

Last modified by SERENE WEE SHI YA/ONT/SGX on 08/30/2007 08:22:49 PM


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