LMA interview: Any questions from u?

Another company that is committed to buying back its shares. Bought back 133,000 shares at ard 41 cents today. It's slow & steady...


info.sgx.com/webcorannc.nsf/Announcement...0347338?opendocument

Note that LMA has stopped buying back its shares since Feb 29 when the price was 42 cents.

LMA has not resumed its share buyback. Adding to the negative implication of that, it announced that a substantial shareholder -- which is a fund manager -- "Porter Orlin, on behalf of funds it advises, sold 6,400,000 shares in a private sale."

Of course, we all can read it differently -- that there is an investor out there who was prepared to gobble up 6.4 m shares all at one go. That's about S$2.7 million worth. It has to be another fund.

Revenue and net income (excluding non-cash charge) grew steadily at 6% and 17% to US$31.3 million and US$4.2 million respectively in Q1 2012.

EBITDA increased 20% to US$6.6 million during the quarter.

Pretty steady business, and growing nicely.
 Press release: Strong LMA Supreme sales drive net income to US$4.2 million in Q1 2012
 

Distribution is about 62 cents, stock price now 58 cents.
Not worth an arbitrage. This sort of finalisation will take at least 6 months.....need first to have EGM for LMA shareholders to approve of the deal.

Sad to see a good stock like this go away

Not a problem.  Its a 99% done deal.