We refer to the announcements made on 28 September 2021 and 13 January 2022 in relation to the Disposal (“Announcements”). Unless otherwise defined, the definitions set out in the Announcement dated 28 September 2021 shall apply herein.

 

On behalf of the Board of Directors of BPB, Affin Hwang Investment Bank Berhad wishes to announce that the Disposal had been completed on 27 January 2022 for a total Disposal Consideration of RM428.77 million.

 

This announcement is dated 27 January 2022.

Take note:

 to announce that the Disposal had been completed on 27 January 2022 for a total Disposal Consideration of RM428.77 million.

This sale is completed by Jan 27

So the result will be on time for May 2022 announcement

 

Bplant sold land for Rm428.77 Millions

KULAI ESATES ONLY ONE OF MANY MANY BPLANT OWNED ESTATES SINCE BOUSTEAD TIME OF OVER 100 YEARS AGO HISTORY WHEN LONG JAFFAR DISCOVERED TIN IN LARUT (Circa year 1848)

Many of Bplant Estates are like goldmines

Ok let us look at Bplant Kulai lands

Refer Annual Report

Kulai Young Estate, Kulai, Johor 670.6 hectares Oil palm estate Freehold Rm65.1 Millions 

So Bplant original cost was Rm65.1 Millions

Sale is Rm428.77 Millions

So profit is Rm363.67 Millions

How many sen?

To get that figure let us look at latest result

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2021	31 Dec 2020	31 Dec 2021	31 Dec 2020
		$$'000	$$'000	$$'000	$$'000
1	Revenue	341,495	227,622	1,049,984	763,048
2	Profit/(loss) before tax	137,213	49,682	344,799	83,281
3	Profit/(loss) for the period	86,478	26,549	242,455	34,382
4	Profit/(loss) attributable to ordinary equity holders of the parent	85,135	27,455	241,293	42,952
5	Basic earnings/(loss) per share (Subunit)	3.80	1.23	10.77	1.92
6	Proposed/Declared dividend per share (Subunit)	4.00	0.50	8.35	1.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.2100		1.1500

 

Rm85.135 Million profit eqivalent to 3.80 sen

So Rm363.67 Millions divides by Rm85.135 Millions X 3.8

= 16.23 sen Profit

Of this Bplant's policy is to give out 60% as profit

So 16.23 X .6 

= 9.73 sen

All things being equal though FFB harvest for 1st Qtr is down but Cpo prices are up can we expect Bplant to main its 3.80 profit?

And 60% of 3.8 sen = 2.28 sen (dividend ratio)

So 0.73 + 2.28

= 12.1 sen (expected dividend)

Bplant price now 92.5 sen

If 12.1 sen dividend it means that Bplant dividend is 13.08%

Nothing could beat Bplant in dividend payout

 

Best Regards

 

Calvin Tan

Republic of Singapore

 

Please buy or sell after doing your own due diigence or consult your Remisier/Fund Manager