Highlights
KLSE: LONBISC (7126)       LONDON BISCUITS BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.095   -0.005 (5.00%)  0.095 - 0.10  428,000
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Overview

Market Cap: 28 Million
NOSH: 291 Million
Avg Volume (4 weeks):2,968,035
4 Weeks Range:0.09 - 0.11
4 Weeks Price Volatility (%):
25.00%
52 Weeks Range:0.09 - 0.69
52 Weeks Price Volatility (%):
0.83%
Average Price Target: 0.23
Price Target Upside/Downside: +0.135

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#3]  |  30-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  30-Nov-2019
T4Q P/E | EY: -12.72  |  -7.86%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.28  |  0.07
T4Q NP Margin | ROE: -0.31%  |  -0.58%

Headlines

Date Subject
01-Oct-2019 Mplus Market Pulse - 1 Oct 2019
01-Oct-2019 伦敦食品问题重重/前线把关
01-Oct-2019 PublicInvest Research Headlines - 1 Oct 2019
25-Sep-2019 PublicInvest Research Headlines - 25 Sept 2019
25-Sep-2019 Mplus Market Pulse - 25 Sep 2019
23-Sep-2019 LONDON BISCUITS BERHAD - Another Round of Defaults
18-Sep-2019 LONDON BISCUITS BERHAD - Slapped with Several Writ of Summons and Statement of Claim
05-Sep-2019 London Biscuits Berhad - Independent Assessment Findings
03-Sep-2019 London Biscuits Berhad - In The Red
26-Aug-2019 PublicInvest Research Headlines - 26 Aug 2019
14-Jul-2019 Any return flight from Holland to London? kcchongnz
12-Jul-2019 [转贴] 伦敦食品 LONBISC – The End!? - RH Research
11-Jul-2019 [转贴] KLSE 篇 - 5 ~ 伦敦食品被打入PN17,皆因现金流 - 十面埋伏
10-Jul-2019 [12Invest] 壹贰讲股- 伦敦饼干去了荷兰 ?
10-Jul-2019 [转贴] 斤经济较:如何避开LONBISC这类公司的财报陷阱?
10-Jul-2019 [转贴] KLSE 篇 - 4 ~ 伦敦食品(LONBISC,7126,消费产品组),表面看起来你好好的,你怎么了?- 十面埋伏
09-Jul-2019 [转贴] 伦敦食品(LONBISC,7126,消费产品组)被 Bursa 打入PN17 - 十面埋伏
09-Jul-2019 London Biscuits Berhad - Slips Into PN17
09-Jul-2019 Mplus Market Pulse - 9 Jul 2019
08-Jul-2019 The Last Bite from London to Holland? Kcchongnz

Business Background

London Biscuits Bhd is the manufacturer of assorted cake confectionery, candy confectionery, wafers and assortment of snack confectionery. The business operates in segments that include Manufacturing and Trading, Others, and Eliminations. The Manufacturing and Trading segment generates maximum revenue for the company. Its product line is categorized into various categories that are Cake Confectionery; which includes roll, layer and pie cakes, Candy Confectionery; which includes chewy, deposited, tablet and hard candies, Potato Chips; which include chips in various flavors, and Snack Confectionery; which includes extruded corn snacks, jellies, and puddings.
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  6 people like this.
 
shpg22 Most of the receivable are cooked up. Worthless
03/09/2019 10:24 AM
qqq3 shpg22 > Sep 3, 2019 10:24 AM | Report Abuse

Most of the receivable are cooked up. Worthless
=======

before any body takes it over, they will do an audit first........
03/09/2019 10:25 AM
Gtrade SIGNS that company are going pn17 1. they change auditors to confuse or hide the directors corruptions from new auditors. 2 The company will adjust audited reportt to 3 or 6 months further to hide some dubious deal. So you see the financial end change from June 2019 to December 2019, than after few years, suddenly change again to Mar 2020.
05/09/2019 12:20 PM
Jeffreyteck It is unlikely that various authorities will take effective actions. Beautiful laws, inefficient and ineffective outcomes. That encourage many major SH, bod and management to take minimum risks for their own interests. Believe bankers and suppliers are crying now. Warned when the price is above 60. Good luck if speculate play pushes up the price.
05/09/2019 4:13 PM
miker It seems that BoD already knew the company health for the last several years. Only now, the event exploded when the situation already uncontrolled. There are many companies like this in Bursa. So, be careful.
06/09/2019 2:53 PM
kk101 Is the auditor report out?
06/09/2019 7:31 PM
freddiehero is tis counter safe?
06/09/2019 7:44 PM
Daily8 Go and check Kinstel counter, as LBB appointed him to be MD for LONB
11/09/2019 9:50 AM
Jeffreyteck 43 from kinsteel, good luck everyone.
11/09/2019 9:58 AM
Michael Kwok rubbish.Its already know when it's fall from 60 over cent to 10 cent.If not its will fall that sharply.Public Invest published already know.
11/09/2019 11:39 AM
Michael Kwok Resistance 16-17 cent need to be broke.
11/09/2019 11:44 AM
11/09/2019 2:01 PM
Wing23 Lol all insider dato run like no tomorrow
12/09/2019 10:49 AM
Michael Kwok Change of shareholder.Old wanted out.Resistance 16-17 cent will tell.
13/09/2019 12:25 PM
kk101 Any good news?
13/09/2019 9:12 PM
Wil789 Go to hell , haha , 0.10
18/09/2019 9:09 AM
TheContrarian Every bank suing LonBisc.
18/09/2019 9:11 AM
Jeffreyteck Believe those enter now are meant for trading only as this company got close to zero hope. NTA will down further and no one is able to resolve the excessive loans, just to serve the interest is killing. The only better solution is for banks to convert loans to equity and then all die slowly instead of immediately in this sinking boat.
18/09/2019 9:15 AM
18/09/2019 9:45 AM
limkopi company bankrupt soon?
18/09/2019 11:53 AM
Lam LH another HIGH 5
18/09/2019 1:17 PM
vvvv RIP.....
18/09/2019 1:38 PM
Robinson company wont bankcrupt, retailer will like sweetnovember
18/09/2019 3:10 PM
EatCoconutCanWin what going on....
18/09/2019 3:25 PM
buah_kurma London Biscuits (LBB) announced that it received Writ of Summons and Statement of Claim from Malaysian Trustees Berhad (MTB), Alliance Bank Malaysia Berhad (ABMB) and Bangkok Bank Berhad (BBB). We are concerned as the financial facilities granted cannot be utilized further for working capital purposes, putting additional strain on LBB’s tight liquidity position of 0.9x net gearing. Furthermore, it is particularly alarming as LBB had previously defaulted on a loan of RM9.8m from Bank of Nova Scotia on 3rd July which caused the company to slip into PN17. The company is currently seeking solicitor’s advice on the necessary course of action. We opine that the company could monetize some of its assets to raise fresh capital. As at 30 June 2019, LBB’s net assets stood at RM1.28 per share. Overall, any revitalization plan to uplift LBB from its PN17 status will be made tougher in light of this latest development. We retain our TP of RM0.12 and Trading Sell call.

Bangkok Bank Berhad. BBB claimed a total judgement sum of RM64.2m under several different banking facilities (Overdraft Facility, Term Loan 1, Term Loan 2, Revolving Loan Facility and Combines Trade Facilites) along with continuing interest calculated on monthly rest until the date of full settlement.
Alliance Bank Malaysia Berhad. ABMB claimed a total judgement sum of RM7.9m under several different banking facilities (Overdraft Facility, Term Loan Facility, Omnibus Trade Line Facility and Visa Infinite Business Card Facility) along with continuing interest calculated on daily rest until the date of full settlement.
Malaysian Trustees Berhad. MTB claimed a total of RM96.7m together with interest which shall accrued daily and calculated monthly.
Source: PublicInvest Research - 18 Sept 2019
18/09/2019 5:19 PM
hamos_wks director is dumping on hand stock. what happened here? seems like wanna sell off the company?
19/09/2019 3:18 PM
shpg22 Selling tin kosong biscuit to shelf kompeni and write off as full tin biscuit la. Has been getting away for years d. Now run out of cash, no choice have to walk naked and reveal all.
19/09/2019 6:01 PM
Qbb99 Lonbisc is a well known brand. This company sure has takers since its production line is still ongoing. Sometimes, investors buy the whole business in a RTO simply because of its brand name is very famous.
20/09/2019 4:11 PM
B4b4 Yes, Qbb99 you are right! This lonbisc is indeed very famous! Surely a white Knight will come along and take control of the management. The debts are peanuts and small when you compare the consistent profit for every Qtr except the last one.
20/09/2019 4:33 PM
kk101 Yeah
20/09/2019 8:14 PM
B4b4 Lonbisc has lots of assets. The list of properties are valued at RM 77 M.
23/09/2019 9:57 AM
shpg22 The consistency of revenue and profit has been cooked up all this year la...ayoyo
23/09/2019 12:23 PM
sasword Regulations in Malaysia is like shit so many shit counters arises, con counters come with corrupted gov.
23/09/2019 12:40 PM
CITADEL Holland biscuit,haha when delist
23/09/2019 2:18 PM
Robinson B4b4 Lonbisc has lots of assets. The list of properties are valued at RM 77 M.
------------------------------------
lol

then do you buying now ? else dont talk cork
23/09/2019 2:48 PM
3iii https://klse.i3investor.com/insider/director/7126/23-Sep-2019/143138_575754868.jsp

Change In Director's Shareholding - DATO' LIEW YEW CHENG on 23-Sep-2019

Date of Change Type Number of Shares
18-Sep-2019 Disposed 340,000
23/09/2019 7:48 PM
3iii What lessons can we learn from Lonbisc predicaments?


30.6.2019
Balance Sheet

NCA 486.0m
CA 326.5m
Total Asset 812.5m

Eq 371m
NCL 125.4m
CL 316.1m
TL 441.5m
Total Eq & Liab 812.5m


Cash 10.1m

ST Borrowings 75.1m
LT Borrowings 284.2m
Total Borrowings 359.3m


30.6.2019
Income statement
Q3 19
9 months

Rev 285.1m
Gross profit 58.3m
EBIT 6.5m
Interest (14.3m)
Other Income 0.3m
PBT (7.8m)
Tax 1.3m
PAT (8.8m)
23/09/2019 8:40 PM
Jeffreyteck Restructure? Goreng again. Who can afford to swallow its debts and meeting the tight interests schedule? Unless bankers and creditors are ready to take a haircut which is quite unlikely. Anyway, news is always good for trading purpose. Authorities remain sleeping despite various findings.
24/09/2019 12:08 PM
shpg22 What can we learned??
Don't always look at the revenue and net profit only. It can be manipulated easily.
25/09/2019 8:45 PM
Robinson buy more.. going to 0.005
28/09/2019 10:02 PM
Jeffreyteck Despite various issues, relevant authorities are still sleeping. Gaji buta is always the best.
30/09/2019 8:46 AM
Robinson sweet november still alive?
04/10/2019 11:40 AM
Robinson sometimes i cannot brain out why retailer that buy lonbisc are so stupid, naive and no common sense ??

1. the company become pn17, why you all still want to touch ??? pn17 you think is for fun? it is for fund to sell

2. the company is making money but problem is they also borrow a lot till default. you earn 10k but go borrow 1 million

3. nta nab 1.2 2.0 3.0 bla bla bla - this has nothing to do with retailer
04/10/2019 11:43 AM
kk101 Lonbisc is a profit company. Just need a good management to run the business.
05/10/2019 7:51 AM
Jeffreyteck Still quite well supported. Est capital reduction together with cash call as it is the only way to survive temporarily amidst of its huge borrowings and limited capacity to borrow from bankers. Private placement is just too little to meet interest repayment and operation needs. With the outstanding audit and investigation findings, to get authority approval may be a challenge.
05/10/2019 9:08 AM
Robinson wow 0.095. 0.005 soon? perisai in the making?
05/10/2019 11:21 AM
calvintaneng Distance from London to Holland only less than 2 hours flight

Get out while you can in one piece
08/10/2019 2:18 PM
stockraider I wonder why London Biscuit still have not sought for court creditors protection while going for restructuring plan loh...!!
08/10/2019 2:20 PM
bargadcapital calvintaneng
Correct In Trengganu offshore fishermen can't go fishing from Nov to March due to rough sea

So they do other task onshore to wait for next fishing season

So NETX after winning Rm19. 7 millions job award from Telekom diversified into electronic payment while waiting for next job bonanza award

Now time is rope for another big one up to few hundred millions

This is our chun chun timing opportunity

AND price also at Rock bottom

Luck is preparation meeting opportunity!!
08/10/2019 1:56 PM



calvintaneng Time is ripe for another Big Job award
08/10/2019 1:59 PM



calvintaneng Telekom still got 2.8 million copper lines to be replaced with fiber optic cables

Copper lines can only serve old tech of 2g and 3g

Copper lines cannot serve 5g

And 4g uses fiber optic cables

5g builds on 4g infrar

So there will still be lots and lots of digital infrar installation for Malaysia

Malaysia already 10 to 20 years behind time compared to China, Korea, Japan and Singapore

Better play catch up faster








NETX (0020) - THE MOST MISUNDERSTOOD DIGITAL STOCK OF HIDDEN VALUE, Calvin Tan Research~~NFPC 5G MALAYSIA

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/228509.jsp
08/10/2019 3:15 PM
edmen wonder who is buying and still interested....
15/10/2019 7:14 PM


 

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