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Just realized, tomorrow 9th July 2025 is not only the deadline on US-Tariff Exemption, but it is also LBS Court Hearing date on the legal case with regards to alleged unsettled sum for the purchase of the M3 Mall. Hope for the best outcome in this legal matter.
I think there will be a u-turn or delay in PN17 exit because Sapura performance and management is still not very good. On top of that with so many scandals and ongoing corruption investigation.
LBS don't anyhow build properties. They build based on market demand. If you look at their properties it is mostly all sold out and very little unit left unsold, which means they manage their development well. Also this year they are focusing more on commercial and industrial properties and lesser on residential.
LBS also utilize a lot on their IBS system which require less reliance on manual workforce especially on foreign worker.
There is no email notification to inform or confirm of eligibility.
As long as you hold the share until ex-date, then it is already registered as eligible. All you have to do is wait until payment date to receive the dividend. Sometimes dividend payment may not necessary be paid on the dot on payment date and might be one or two days later depending on the broker bank or trading platform you register with, as they are the ones that will process your dividend payment and not the Company.
If say you can't take it anymore, at the very least wait until after 28th August 2025 (ex-date), for the final dividend. At the very least collect the dividend payout to help cut some of your losses should you decide to jump ship.
Bro, I understand your frustration. You are not the only one stuck on 7th floor. I too am stuck on same level and so are a number of other retail investors. In any investment there are ups and downs. The Company cannot control its market price as this is all based on sentiment. It is important to stay calm and not panic. Do your own reading on the Company, its Directors, past & future projects, track records, and perhaps also visit some of their properties. Do all this and if you still cannot see any potential or hope in this Company, then perhaps you may consider to take a loss from this counter. Some retail investors can see its true potential, so they keep holding, while those that cannot see it, eventually jump ship. Is hard to say, maybe it will take another year, or maybe another 3-5 years before its true value surface. We will never know, as it may be a long wait....all I know is that I have done my due diligence on this Company and I choose to hold until that day comes.