The earning per share of the quarter is 3.86 cents or 5.6 cents for the half year to date.
Simply annualising the quarterly and half-yearly will yield us an annual EPS of 15.44 and 11.2 respectively.
However - earning from property development can be rather "lumpy" due to the nature of its progressive billing, the EPS calculation can't be reliably extrapolated from the historical EPS.
The company have RM293M in cash and approximately RM14M in borrowings - giving them a net cash of RM279M. The market capitalisation is currently RM 248M. The company is trading below its net cash per share.
L&G ICULS is trading at 0.28 cents - up more than 100% from the initial price of 0.13 cents. However I think it still offer value at this price hence I won't be selling. But the easy money would've been made, this is one I will be holding onto for awhile longer.
I am hoping that L&G mother share will hit 70 cents giving a market cap of approximately RM416M.
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