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Latest Forum Topics / Ley Choon    Last:0.1 --  Post Reply
Ley Choon
lifeisgood
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23-Aug-2014 10:32     
 
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 Alert Admin 		This company not so god with cost management. How come Hiap Hoe not helping?

edwinjup      ( Date: 23-Aug-2014 09:18) Posted:

Loss May increase as worker levy up more in july 2014...think they got large pool of foreign workers

sheerluck      ( Date: 22-Aug-2014 19:55) Posted:



Tthe resutls is whole lot worse than expected.   About $9mil of unclaimable revenue due to specs of work.   Why did Ley Choon deivates from the scope in the first place?   Additional cost of $12.2mil and is likely to stay as mostly due to worker levy and material.   Even accoutning for these two the gross profit is zero.

It is going to take a while for LC to recover from this blow.

Not a call to buy/sell.   pls dydd.  


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edwinjup
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23-Aug-2014 09:18     
 
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 Alert Admin 		Loss May increase as worker levy up more in july 2014...think they got large pool of foreign workers

sheerluck      ( Date: 22-Aug-2014 19:55) Posted:



Tthe resutls is whole lot worse than expected.   About $9mil of unclaimable revenue due to specs of work.   Why did Ley Choon deivates from the scope in the first place?   Additional cost of $12.2mil and is likely to stay as mostly due to worker levy and material.   Even accoutning for these two the gross profit is zero.

It is going to take a while for LC to recover from this blow.

Not a call to buy/sell.   pls dydd.  

Jimmykohkk      ( Date: 22-Aug-2014 19:13) Posted:



Results just out:

Net profit after tax

The Group reported a net loss after tax of $26.0 million for Q2FY14 compared to a net profit after tax of $2.1 million for Q2FY13 due to the various reasons as disclosed above.

Gone case


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sheerluck
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22-Aug-2014 19:55     
 
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Tthe resutls is whole lot worse than expected.   About $9mil of unclaimable revenue due to specs of work.   Why did Ley Choon deivates from the scope in the first place?   Additional cost of $12.2mil and is likely to stay as mostly due to worker levy and material.   Even accoutning for these two the gross profit is zero.

It is going to take a while for LC to recover from this blow.

Not a call to buy/sell.   pls dydd.  

Jimmykohkk      ( Date: 22-Aug-2014 19:13) Posted:



Results just out:

Net profit after tax

The Group reported a net loss after tax of $26.0 million for Q2FY14 compared to a net profit after tax of $2.1 million for Q2FY13 due to the various reasons as disclosed above.

Gone case

sheerluck      ( Date: 26-Apr-2014 20:51) Posted:



Ley Choon business is sound.   Mostly govt jobs with little risk of bad debt.   However, two points to note:

- huge debt (mostly short term suggesting a need to improve working captial).   gearing 1.5x. financial cost from this eats away 1/3 of its profit.

- margin eroison with any further increase in foreigh worker levy.

Unfortunately, its share place is so low that any fund raising by share placemnt will dilute its EPS too much.   What it needs to do is to negotiate a better payment schedule for its work.   Get the cash in quick to reduce the hugh short term loan.   This should help to improve its earning through a lowered financial cost.

They will also need to keep an eye on their porject management to prevent losses from unapproved work and variation order.

Excluding all the once-offs in the last two FY, core PE is 12-13, price-to-book is 0.9.   Let see what their Q1 reporting card reveals.

 


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Jimmykohkk
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22-Aug-2014 19:13     
 
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Results just out:

Net profit after tax

The Group reported a net loss after tax of $26.0 million for Q2FY14 compared to a net profit after tax of $2.1 million for Q2FY13 due to the various reasons as disclosed above.

Gone case

sheerluck      ( Date: 26-Apr-2014 20:51) Posted:



Ley Choon business is sound.   Mostly govt jobs with little risk of bad debt.   However, two points to note:

- huge debt (mostly short term suggesting a need to improve working captial).   gearing 1.5x. financial cost from this eats away 1/3 of its profit.

- margin eroison with any further increase in foreigh worker levy.

Unfortunately, its share place is so low that any fund raising by share placemnt will dilute its EPS too much.   What it needs to do is to negotiate a better payment schedule for its work.   Get the cash in quick to reduce the hugh short term loan.   This should help to improve its earning through a lowered financial cost.

They will also need to keep an eye on their porject management to prevent losses from unapproved work and variation order.

Excluding all the once-offs in the last two FY, core PE is 12-13, price-to-book is 0.9.   Let see what their Q1 reporting card reveals.

 

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sheerluck
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26-Apr-2014 20:51     
 
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Ley Choon business is sound.   Mostly govt jobs with little risk of bad debt.   However, two points to note:

- huge debt (mostly short term suggesting a need to improve working captial).   gearing 1.5x. financial cost from this eats away 1/3 of its profit.

- margin eroison with any further increase in foreigh worker levy.

Unfortunately, its share place is so low that any fund raising by share placemnt will dilute its EPS too much.   What it needs to do is to negotiate a better payment schedule for its work.   Get the cash in quick to reduce the hugh short term loan.   This should help to improve its earning through a lowered financial cost.

They will also need to keep an eye on their porject management to prevent losses from unapproved work and variation order.

Excluding all the once-offs in the last two FY, core PE is 12-13, price-to-book is 0.9.   Let see what their Q1 reporting card reveals.

 
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Secret_Squirrel
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03-Mar-2014 11:23     
 
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 Alert Admin 		Dividend at $0.0025 means one lot only gives $2.50, only enough to buy one bowl of noodles. Boh choon (nothing left in hokkien)
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edwinjup
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28-Feb-2014 22:07     
 
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 Alert Admin 		Only.$0.0025 div......too little....lucky cut...
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edwinjup
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25-Feb-2014 09:32     
 
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 Alert Admin 		Cut with 200 loss..thanks dmg report..

jlim70      ( Date: 25-Feb-2014 08:48) Posted:

High levy is no good for Ley Choon with their current workforce but it will be worst if they do not have enough workers to take up more projects and to make the company profitable every year!!!

SuperMonkey      ( Date: 24-Feb-2014 18:54) Posted:

 

In anticipation of the announcement of the unaudited financial results for the financial year ended 31 December 2013 (" FY2013" ), the Board of Directors of Ley Choon Group Holdings Limited (the " Company" ) deems it appropriate to issue a profit guidance with respect to the unaudited financial results of the Company and its subsidiaries (" the Group" ) for the financial period ended 31 December 2013 (" 4Q 2013" ).

Following the preliminary review of its unaudited financial results for FY2013, the Group expects to report a consolidated net loss for 4Q 2013. However, it is expected that the Group will remain profitable for the full FY2013.

Further details of the Group?s performance will be disclosed when the Company announces its unaudited financial results for FY2013 on or before 1 March 2014. Shareholders and investors are advised to exercise caution when dealing in the shares of the Company.

 

  Jialat...    with the latest increase in levy.. worse to come?
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jlim70
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25-Feb-2014 08:48     
 
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 Alert Admin 		High levy is no good for Ley Choon with their current workforce but it will be worst if they do not have enough workers to take up more projects and to make the company profitable every year!!!

SuperMonkey      ( Date: 24-Feb-2014 18:54) Posted:

 

In anticipation of the announcement of the unaudited financial results for the financial year ended 31 December 2013 (" FY2013" ), the Board of Directors of Ley Choon Group Holdings Limited (the " Company" ) deems it appropriate to issue a profit guidance with respect to the unaudited financial results of the Company and its subsidiaries (" the Group" ) for the financial period ended 31 December 2013 (" 4Q 2013" ).

Following the preliminary review of its unaudited financial results for FY2013, the Group expects to report a consolidated net loss for 4Q 2013. However, it is expected that the Group will remain profitable for the full FY2013.

Further details of the Group?s performance will be disclosed when the Company announces its unaudited financial results for FY2013 on or before 1 March 2014. Shareholders and investors are advised to exercise caution when dealing in the shares of the Company.

 

  Jialat...    with the latest increase in levy.. worse to come?
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SuperMonkey
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24-Feb-2014 18:54     
 
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In anticipation of the announcement of the unaudited financial results for the financial year ended 31 December 2013 (" FY2013" ), the Board of Directors of Ley Choon Group Holdings Limited (the " Company" ) deems it appropriate to issue a profit guidance with respect to the unaudited financial results of the Company and its subsidiaries (" the Group" ) for the financial period ended 31 December 2013 (" 4Q 2013" ).

Following the preliminary review of its unaudited financial results for FY2013, the Group expects to report a consolidated net loss for 4Q 2013. However, it is expected that the Group will remain profitable for the full FY2013.

Further details of the Group?s performance will be disclosed when the Company announces its unaudited financial results for FY2013 on or before 1 March 2014. Shareholders and investors are advised to exercise caution when dealing in the shares of the Company.

 

  Jialat...    with the latest increase in levy.. worse to come?

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edwinjup
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29-Jan-2014 14:34     
 
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 Alert Admin 		Tikam.some.today at 18cents...for div and mgt buy back play..strong result expected
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edwinjup
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20-Jan-2014 00:05     
 
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 Alert Admin 		Is it good to bet leychoon..as.co.going.to.give.around.1 cent dividend in fy2013..and.profit look ok..? But my concern is they employ 1400 workers..if most.of them are.foreign worker..the.levy will be huge ..levy.range from.$300-700per worker/per month..and construction.profit.margin.is quit.low..look at okp..still thinking wan to bet.or not...look nice in short term...sigh
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Acl2013
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19-Aug-2013 14:30     
 
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 Alert Admin 		Ley Choon will chiong again soon?, .... Chiong argh...

Acl2013      ( Date: 14-Aug-2013 20:00) Posted:

LEY CHOON GROWS 1HFY13 REVENUE BY 18% TO S$74.5 MILLION NET PROFIT RISES 17% TO S$6.2 MILLION
? Strong project pipeline, order book stood at S$219.7 million
? Group secured S$137 million worth of projects to date, including recent LTA contracts of S$63.9 million and Brunei contracts of S$29.6 million
? Ley Choon is well positioned to capture growing demand for infrastructure construction in Singapore and region
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Acl2013
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14-Aug-2013 20:00     
 
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 Alert Admin 		LEY CHOON GROWS 1HFY13 REVENUE BY 18% TO S$74.5 MILLION NET PROFIT RISES 17% TO S$6.2 MILLION
? Strong project pipeline, order book stood at S$219.7 million
? Group secured S$137 million worth of projects to date, including recent LTA contracts of S$63.9 million and Brunei contracts of S$29.6 million
? Ley Choon is well positioned to capture growing demand for infrastructure construction in Singapore and region
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Acl2013
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14-Aug-2013 17:50     
 
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 Alert Admin 		PROPOSED PLACEMENT OF UP TO 98,734,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY

Acl2013      ( Date: 14-Aug-2013 17:22) Posted:

Tomorrow can see .210 liao
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Acl2013
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14-Aug-2013 17:22     
 
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 Alert Admin 		Tomorrow can see .210 liao
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freedom8
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01-Aug-2013 14:24     
 
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Lay Potato Chips

Market price $3.80 per packet

Hiap Hoe bought $1.40

That's cheap

Now $2.20 lelong

See can hit $2.75 or not
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