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
IJM CORPORATION BERHAD |
Type | Announcement |
Subject | OTHERS |
Description |
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) |
The Board of Directors of IJM ("Board") has on 9 June 2021 received a letter dated the same day ("Offer Letter") from KLK proposing to acquire 494,865,786 ordinary shares in IJMP (“Sale Shares”) representing approximately 56.20% equity stake held by IJM in IJMP ("Offer"). In the Offer, KLK wishes to acquire the Sale Shares for a total consideration of approximately RM1,534,083,936 (based on RM3.10 per Sale Share) to be payable in cash (“Purchase Price”), subject to the terms and conditions of a sale and purchase agreement to be executed (“Proposed Acquisition”). Save for the RM0.10 per share interim dividend declared by IJMP on 27 May 2021 which will be due and payable to IJM on 30 July 2021, any subsequent declaration by IJMP of dividends and/or other distributions (“Distributions”) on or after the date of the Offer Letter, but prior to the completion of the Proposed Acquisition and of which IJM is entitled to retain such Distributions, the Purchase Price will be reduced by the quantum of the Distributions which IJM is entitled to retain. |
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
==============================
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.................. RM
2007....0.77.................. RM
2008....0.55.................. RM
2009....0.66..................
2010....0.84..................
2011....1.33..................
2012....1.87..................
2013....2.05..................
2014....2.72..................
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.
Month | Price | Change |
---|---|---|
Jan 2021 | 3,997.72 | - |
Feb 2021 | 4,126.35 | 3.22 % |
Mar 2021 | 4,234.71 | 2.63 % |
Apr 2021 | 4,446.03 | 4.99 % |
May 2021 | 4,765.75 | 7.19 % |
========================================================================
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
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?
==============================
TSH /9059
SEE_RESEARCH
WAIT for strong rally VERY SOON
First target ------ RM 1.30
Mid term target --RM 2.00
.Thanks for reading and see you in the next post.
THE ABOVE IS NOT A BUY OR SELL CALL AND IS ONLY A PERSONAL OPINION, WRITTEN AS ARTICLE FOR SHARING PURPOSES TO KLSE COMMUNITY MEMBERS.
DISCLAIMER: Investment involves risks, including possible loss of investment and other losses.
This article and charts are provided for information only and should not be construed as a solicitation to buy or sell any of the instruments mentioned herein. The author may have positions in some of these instruments. The author shall not be responsible for any losses or profits resulting from investment decisions based on the use of the information contained herein. If investments and other professional advice is required, the services of a licensed professional person should be sought.
ISSUED BY SEE RESEARCH
(SENSING EAGLE EYES RESEARCH)
Created by SEE_Research | Jun 08, 2024
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June 2024 /
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Created by SEE_Research | Feb 26, 2023
insas ?
I saw insas boss opened m&a security in nusajaya
so I dropped by to tell them about Pm Corp when it was only 9 sen to 13 sen
The guy in charge just took a brief look and gave Pm corp a pass.
Pm corp later went up to 30 sen thrice and gave a cash payout
rest is history
then insas boss closed nusajaya outlet
After that insas boss opened another m&a security firm in Tmn molek jb
just opposite rhb IB
but they went punting in D bhd or dumb bhd
again insas boss closed Tmn molek branch
so insas still fumbling along
better keep to palm oil as bull run soon
2021-08-16 16:17
Rubbish loh!
Insas in JB is not an investment banking, it is just a broking house in JB mah!
Insas is doing fine with their investment banking with successful forays into Inari & syngenic mah!
Insas is steadily growing through leaps & bounds...do not missed this wonderful opportunity mah!
Posted by calvintaneng > Aug 16, 2021 4:17 PM | Report Abuse
insas ?
I saw insas boss opened m&a security in nusajaya
so I dropped by to tell them about Pm Corp when it was only 9 sen to 13 sen
The guy in charge just took a brief look and gave Pm corp a pass.
Pm corp later went up to 30 sen thrice and gave a cash payout
rest is history
then insas boss closed nusajaya outlet
After that insas boss opened another m&a security firm in Tmn molek jb
just opposite rhb IB
but they went punting in D bhd or dumb bhd
again insas boss closed Tmn molek branch
so insas still fumbling along
better keep to palm oil as bull run soon
2021-08-16 16:24
calvintaneng
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-11-15-story-h1536433928-ALL_BY_INVESTING_IN_PALM_OIL_Peter_Lim_From_Taxi_Driver_To_Billionaire_.jsp
2021-08-16 09:28