
TradeChancellor, I hope your "only reason" is right, else, I have no eyes to see at LMA.... just a recap of what I wrote last two months... here you go..
1Q 2005 released May 12, 05 , gross profit 14.7% gain
2Q 2005 released Aug 4, 05 , gross profit 11.7% gain
3Q 2005 released Nov 7, 05 , gross profit 9% gain
4Q 2005 released Feb 9, 06 , gross profit (1.7%)
Year ended Dec 31, 2005 7.2% gain
1Q 2006 released May 4, 06 , gross profit (6.7%)
2Q 2006 released Aug 3, 06 , gross profit 7.7% gain
3Q 2006 released Nov 2, 06 , gross profit 2.5% gain
4Q 2006 released Feb 9, 07 , gross profit (2.25%)gain
Year ended Dec 31, 2006 0.34% gain
Who want to have a smart guess at 1Q 2007 results?
Hi Novocaine,
I don't think the share purchase mandate has been revoked. The proposal has been written in the annual report, page 69 and 70, point number 7. That is resolution 9. But i don't know how was the result of the voting.
Hi Novocaine
U have so much faith in LMA - keep it up!
Just "shocking" for the placement and retail investors to realise that LMA can't even perform better than penny stocks of "unknown" China-listed companies. Any FA or TA expert out there who could, pse, throw some light on why an "international" brand (which shd be profitable as from 2007 onwards) has defied fundamentals and gone below its IPO price after being listed, remaining so for such a long time. It shd break out of its low low price soon? Any targeted time frame?
hey guys..
I am just clarifying..In the recent AGM they withdrew resolutions 9 and 11 if i am not wrong.
Resolution 9 is pertaining to the share buy back right? Does that mean the share buy back is not in effect? Anybody who attended or knows for sure if they really withdrew it and if so why?
Thanks!
Yup, may have good news for LMA. Especially, the LMA Supreme Single Use.
Based on recent reports from Vicplas (which manufactures LMA Supreme), feedback/forecast is good for LMA Supreme.
And Vicplas stocks recently has a beakout from $0.135 to $0.18 i think ... could be due to their main upvc projects or maybe this LMA supreme (?).
By the way, some forummers have mentioned Vicplas and LMA (I think) are housed in the same location in Jurong.
Good Luck!
Just had news from SGX announcements section. LMA 1Q results will be out on 9May:)
Price being moving sideways
i am expecting a upward movement.....
dont know whats going on
Looking at the low volume past month they may have only started buy back last week: Volume of 4 million shares. Average volume is at 3 million per day. Today only 1.3 mil
Once the program really starts share price should go up really fast..............
Number of shares 580,946,581
10% = 58,094,658 shares : Maximum number to be purchased under buy back program
At current price of 0.58 this would be S$ 33 million. Roughly 1 year profit.
LMA REPORTS US$22.5 MILLION NET INCOME FOR FY2006
From this announcement I understand that share buy back program is still in progress. LMA can purchase up to 10% of outstanding shares.
SHARE BUY BACK
7. That:-
(a) the exercise by the Board of Directors or, as the case may be, Directors of the Company of all the powers of the Company to purchase or otherwise acquire issued common shares of par value US$0.0001 (?Common Shares?) not exceeding in aggregate the Maximum Limit (as hereafter defi ned), at such price
or prices as may be determined by the Directors from time to time up to the Maximum Price (as hereafter defi ned), by way of market purchase(s) on the SGX-ST and/or any other stock exchange on which the Common Shares may for the time being be listed and quoted (?Other Exchange?), and otherwise in
accordance with Book 2 of the Civil Code of the Netherlands Antilles, the Company?s Articles of Association and all other laws and regulations and rules of the SGX-ST or, as the case may be, Other Exchange as may for the time being be applicable, be and is hereby authorised and approved generally and
unconditionally (the ?Share Purchase Mandate?);
(b) unless varied or revoked by the general meeting of shareholders of the Company, the authority conferred on the Directors of the Company pursuant to the Share Purchase Mandate may be exercised by the Directors at any time and from time to time during the period commencing from the date of the passing of
this Resolution and expiring on the earlier of:
(i) the date on which the next Annual General Meeting of the Company is held; and
(ii) the date by which the next Annual General Meeting of the Company is required by law to be held;
(c) in this Resolution:
?Average Closing Price? means the average of the last dealt prices of a Common Share for the fi ve consecutive market days on which the Common Shares are transacted on the SGX-ST or, as the case may be, Other Exchange immediately preceding the date of market purchase by the Company and deemed to
be adjusted, in accordance with the listing rules of the SGX-ST, for any corporate action which occurs after the relevant fi ve-day period;
?Equity? means the sum of the following components in the capital of the Company:
(a) the Nominal Capital;
(b) the additional paid-in share capital;
(c) the paid-up share premium; and
(d) retained earnings and other reserves,
less the losses, if any, of the Company, in so far as such losses have not yet been deducted from the reserves;
?Nominal Capital? means the sum of the nominal values of the Common Shares in issue from time to time;
?Maximum Limit? means that number of issued Common Shares representing 10% of the total number of issued Common Shares as at the date of the passing of this Resolution, provided that the Equity of the Company at the time of the acquisition at least equals the Nominal Capital and as a result of the
acquisition the Equity will not fall below the Nominal Capital; and
?Maximum Price? in relation to a Common Share to be purchased or acquired by way of a market purchase, means the purchase price (excluding brokerage, commission, applicable goods and services tax and other related expenses) which shall not exceed 105% of the Average Closing Price of the Common
Shares.
(d) the Directors of the Company and/or any of them be and are hereby authorised to complete and do all such acts and things (including executing such documents as may be required) as they and/or he may consider expedient or necessary to give effect to the transactions contemplated and/or authorised by this
Resolution.
NOTICE OF ANNUAL MEETING
NOTICE IS HEREBY GIVEN THAT the 3rd Annual Meeting of LMA International N.V. (the ?Company?) after the listing of the common shares in the Company on the Singapore Exchange Securities Trading Limited will be held at 52 Neptunusweg, Willemstad, Curaçao, Netherlands Antilles on Thursday, April 26, 2007 at
10.00 a.m. to transact the following business:-
Hi
No wonder abt LMA. It is not like Biosensors which has been much risky. Sometimes it takes time (how long we would know) that it is consolidating.
If biosensor camp is shouting for it to get CE Mark, then it is very ironic that LMA which has CE Mark to its products gain so little recognization is that aspect.
It is pity to say that punter for biosensor find it more sexy and thrilling since it is a stent that can be of significant to human life.
Whatever it is, I see the prices of the 2 counters will eventually move in opposite direction. Bio towards 60 and LMA towards 80c. I am buying more to keep for long time. Dun forget the M&A will spike LMA price soon and very hard upwards