Indeed Cyclone ............ for those vested, it is pleasing to see today's market dealings in LKT..... 133,000 shares all traded at S$ 0.59........ this after a few weeks of rather (very) low volumes. Will be interesting to see if the Lee's bought any shares today at this price - if so, I believe that would be the highest they have paid so far. Personally speaking, my hunch is that they were not in the market since the largest single trade today was for 20,000 shares and they have tended to seek trades in 50,000 chunks. We'll know soon enough.
dydx's analysis of LKT's Q3 2011 results above is really worth the read .......... the NAV per share is way understated and LKT shares are way undervalued (IMHO as well). Vested.
(14-11-2011, 05:16 PM)RBM Wrote: [ -> ]Indeed Cyclone ............ for those vested, it is pleasing to see today's market dealings in LKT..... 133,000 shares all traded at S$ 0.59........ this after a few weeks of rather (very) low volumes. Will be interesting to see if the Lee's bought any shares today at this price - if so, I believe that would be the highest they have paid so far. Personally speaking, my hunch is that they were not in the market since the largest single trade today was for 20,000 shares and they have tended to seek trades in 50,000 chunks. We'll know soon enough.
dydx's analysis of LKT's Q3 2011 results above is really worth the read .......... the NAV per share is way understated and LKT shares are way undervalued (IMHO as well). Vested.
The Lee bought another 103 lot at 0.59.
i went to JP recently & didnt realise how popular that place is now...the last time i was there there wasn't even the extension, the air-conditioned bus interminal was not there, neither is the integrated housing apartment situated just atop.
Thanks Cyclone - not untypically .............. my hunch was downright wrong.
More importantly, the fact that the Lee's bought 103,000 LKT shares at S$ 0.59 is important - I believe the Lee's have not paid so high a unit price in the past so this sets a new bar which will hopefully rise further. It will be interesting to see if the Lees bought the 30,000 LKT shares traded late-on today.
Today (8Dec11), LKT closed up $0.005 (or 0.8%) at the big-figure mark of $0.60 - close the recent historical high - when the STI is down some 2% and the big-cap property counters like CDL and KepLand mostly down by as much as 8%. This proves that the value of a single prime property asset company has a lot be resilience than those bigger mixed-bag property developers.