NOW SHOWING: THE TRILOGY OF FAST & FURIOUS SHOWS 

PART 15 

--- 1 - TOP PICK POSITIVE CORPORATE EXERCISE STOCK SIMILAR TO 

KL Kepong offers RM1.53bil to buy 56.6pct of IJM Plantations

By Ayisy Yusof - June 9, 2021 @ 7:27pm

 

 

 

 

 

 

 

 

 

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IJM Corp Bhd receives an offer from Kuala Lumpur Kepong Bhd to buy 494.86 million shares representing a 56.2 per cent stake in IJM Plantations Bhd for RM1.53 billion

 

 

 

 

 

KUALA LUMPUR: IJM Corp Bhd has received an offer from Kuala Lumpur Kepong Bhd (KLK) to buy 494.86 million shares representing a 56.2 per cent stake in IJM Plantations Bhd for RM1.53 billion

In an exchange filing today, IJM said its board of directors had received a letter from KLK to buy the shares at RM3.10 each.

"After having deliberated on the merits of the offer, the board is in principle agreeable to finalise the terms and conditions with KLK to meet the timing specified in the offer letter for the execution of the sale and purchase agreement on or before 5pm on June 11 2021," said IJM.

 

In a letter offered by KLK, the plantation company confirmed that it had the financial resources to complete the proposed acquisition.

Wed, 5 May 2021, 2:19 PM

And then KLK took over offer at Rm3.10 on 

One month later on June 9th KLK offered to take over Ijmplant from Ijm Corp for Rm3.20 (3.10 & 10 sen dividend) for a gain of Rm1.34 or 72% profit

See

RECEIPT OF AN OFFER FROM KUALA LUMPUR KEPONG BERHAD ("KLK") FOR A PROPOSED ACQUISITION BY KLK OF THE ENTIRE EQUITY STAKE HELD BY IJM IN IJM PLANTATION BERHAD (IJMP)

Why is KLK willing to take over IJMPLANT at Rm3.10?

The answer is KLK knows from past palm oil bull run when CPO crossed RM4,000.00  a ton 

IJMPLNT share price has great potential to be above Rm4.00 a share

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Summary of IJMPLANT previous price records 

YEAR...LOWEST PRICE...HIGHEST PRICE

2004..Rm1.00........RM1.40
2005...0.91...........RM1.20
2006..Rm1.02........RM1.66
2007..Rm1.36........RM3.25
2008..Rm1.19........RM4.01
2009..Rm1.81........RM2.89
2010..Rm2.36........RM3.14
2011..Rm2.38........RM3.24
2012..Rm2.63........RM3.77
2013..Rm2.75........RM3.62
2014,,Rm3.11........RM4.03

As you can see both in Years 2008 & 2014 IJMPLANT CROSSED THE RM4.00 THRESHOLD

NOW JUST AS IJMPLANT CROSSED RM4.00 IN THE PREVIOUS GOOD YEARS, 

TSH RESOURCES SHARE PRICE ALSO PERFORMED AND CROSSED RM4.00

 JUST LIKE IJMPLANT PERFORMED TOO.

PLEASE NOTE :

SUMMARY

TSH RESOURCES previous price records 

YEAR....LOWEST PRICE...HIGHEST PRICE

2004.....0.45................. RM1.01

2005....0.63.................. RM1.05

2006....0.60.................. RM1.05

2007....0.77.................. RM1.65

2008....0.55.................. RM1.94

2009....0.66...................RM1.00

2010....0.84...................RM1.46

2011....1.33...................RM2.04

2012....1.87...................RM2.87

2013....2.05...................RM3.13

2014....2.72...................RM4.00

In the same year 2014 when IJMPLANT was Rm4.03 ;

TSH RESOURCES SHARE PRICE ALSO REACHED RM4.00

BOTH ARE REAL HAPPENINGS , A REMARKABLE CONCURRENCE OF EVENTS !

THERE IS A HIGH POSSIBILITY TSH RESOURCES WILL  REACH RM2.00 IN COMING DAYS

PALM OIL PRICES ARE ON THE UPTREND BULL RUN & CREATING NEW HIGHER PRICES. 

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WHY RM2.00 TARGET PRICE FOR TSH RESOURCES?

FOR 2 MAIN CRITICAL REASONS

REASON : NUMBER ONE

TSH RESOURCES IS VERY SIMILAR TO IJMPLANT

(i) Both estates are with  Palm Oil Plantations in Sabah, Kalimantan & Sumatra

(ii) Both of these 2 companies 

example IJM Plant owns  6 Palm Oil Mills 

example TSH owns  6 Palm Oil Mills 

(iii) Both companies practise sound , sustainable cultivation methods; it is important that the conversion of land used for plantations does not impact adversely on the environment. 

Compliance with the principles is one of the pillars of sustainable cultivation.

Producers , suppliers and consumers throughout the supply chain must also play their part.

To enable Eurore to pioneer the use of certified palm oil , demand for sustainable palm oil must be increased.This creates incentives for producers to expand sustainable production.

Both share prices rise in tandem during good and bad times together

KLK also has interest to buy TSH Palm oil lands in Kutai near Balikpapan (the new proposed Capital of Indonesia). After the deal did not concluded through KLK, KLK  bought IJMPLANT (IJmPlant also has 

 oil palm lands north of Balikpapan which KLK has built a Jetty

REASON NUMBER TWO

Unlike IJMPLANT - TSH RESOURCES ISSUED OUT BONUS ISSUES DURING GOOD TIMES

See

25-Feb-2021	12-Mar-2021	DIVIDEND	Interim Dividend	RM 0.0150
02-Jul-2020	03-Aug-2020	DIVIDEND	First and Final Dividend	RM 0.0100
06-May-2019	28-May-2019	DIVIDEND	First and Final Dividend	RM 0.01
29-Apr-2019	28-May-2019	DIVIDEND	First and Final Dividend	RM 0.01
24-Apr-2018	23-May-2018	DIVIDEND	First and Final Dividend	RM 0.02
27-Apr-2017	24-May-2017	DIVIDEND	First and Final Dividend	RM 0.02
28-Apr-2016	25-May-2016	DIVIDEND	First and Final Dividend	RM 0.0200
08-May-2015	02-Jun-2015	DIVIDEND	First and Final Dividend	RM 0.0250
13-Oct-2014	27-Oct-2014	BONUS_ISSUE	Bonus Issue	1 : 2
09-May-2014	02-Jun-2014	DIVIDEND	First and Final Dividend	RM 0.035

So if KLK Valued IJMplant at Rm3.10 , then TSH if after bonus should be Rm3.10 less 33%

(adjusted for bonus) or Rm2.08

WILL TSH RESOURCES RISE UP TO REACH RM2.08?

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TSH /9059

SEE_RESEARCH 

WAIT for strong rally  VERY SOON

 First target  ------  RM 1.30

Mid term target --RM 2.00