Dear friends of i3 Forum,
Lately, rumour swirls about the privatization of Bplant. Latest was YTL offers to buy Bplant assets for Data Centre
First. This is nothing new as Ytl-Power already bought Kulai Young Lands from Bplant
See
MIDF Research noted that YTL Power had acquired BPlant's Kulai Young Estate in early-2022 involving 664 ha of land bank for RM429mil. It said bite-sized acquisitions inevitably cost a premium with the Kulai Young Estate land acquisition translating into a hefty RM646,084 per ha.20 Jun 2023
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And how many Acres are 664 Hectares
Just Multiply by 2.471
S0 664 X 2.471 = 1,640.744 Acres
That is 3.3 Times Bandar Malaysia land of 486 Acres
See photo above
how much land needed for a data centre
see
that is very small actually
NOW YOU MUST NOT FORGET BPLANT TOTAL LAND SIZE IS 220,000 ACRES
Since SINGAPORE TOTAL LAND MASS IS ONLY 180,000 ACRES BPLANT land is 22% BIGGER THAN SINGAPORE
So how??
Ok we leave that for other speculators to speculate
Now See How Both FGV & Bplant gave us EXCELLENT DIVIDENDS!
FGV DIVIDENDS
27-Feb-2023 | 29-Mar-2023 | DIVIDEND | Final Dividend | RM 0.1100 | |
30-Aug-2022 | 14-Sep-2022 | DIVIDEND | Interim Dividend | RM 0.0400 | |
28-Feb-2022 | 15-Mar-2022 | DIVIDEND | Final Dividend | RM 0.0800 | |
26-Feb-2021 | 17-Mar-2021 | DIVIDEND | Final Dividend | RM 0.0300 | |
28-May-2020 | 29-Jun-2020 | DIVIDEND | Final Dividend | RM 0.0200 | |
23-Nov-2017 | 07-Dec-2017 | DIVIDEND | Interim Dividend | RM 0.05 | |
25-Apr-2017 | 29-May-2017 | DIVIDEND | Final Dividend | RM 0.01 | |
27-Apr-2016 | 16-Jun-2016 | DIVIDEND | Final Dividend | RM 0.0200 |
2020: 2 sen
2021: 3 sen
2022: 12 sen
2023: 11 sen so far
SO FAR SO GOOD as our first buy call was only Rm1.06 for FGV
BPLANT
23-May-2023 | 08-Jun-2023 | DIVIDEND | First Interim Dividend | RM 0.0100 | |
21-Feb-2023 | 07-Mar-2023 | DIVIDEND | Fourth Interim Dividend | RM 0.0330 | |
22-Nov-2022 | 07-Dec-2022 | DIVIDEND | Third Interim Dividend | RM 0.0110 | |
23-Aug-2022 | 12-Sep-2022 | DIVIDEND | Second Interim Dividend | RM 0.0275 | |
23-May-2022 | 08-Jun-2022 | DIVIDEND | First Interim Dividend | RM 0.0730 | |
21-Feb-2022 | 10-Mar-2022 | DIVIDEND | Fourth Interim Dividend | RM 0.0400 | |
23-Nov-2021 | 08-Dec-2021 | DIVIDEND | Third Interim Dividend | RM 0.0175 | |
25-Aug-2021 | 09-Sep-2021 | DIVIDEND | Second Interim Dividend | RM 0.0230 | |
25-May-2021 | 10-Jun-2021 | DIVIDEND | First Interim Dividend | RM 0.0030 | |
24-Mar-2021 | 07-Apr-2021 | DIVIDEND | Second Interim Dividend | RM 0.0050 | |
23-Nov-2020 | 08-Dec-2020 | DIVIDEND | Interim Dividend | RM 0.0050 | |
23-May-2019 | 10-Jun-2019 | DIVIDEND | First Interim Dividend | RM 0.01 |
FANTASTIC DIVIDENDS
SO ALTHOUGH BOTH GLC LINKED THEY HAVE BEEN GENEROUS WITH DIVIDENDS
SINCE MUCH ALREADY WRITTEN ON BPLANT WE WILL HIGHLIGHT THE GROSSLY UNDERVALUE ASSETS OF FGV ONCE AGAIN
Felda has given a Takeover offer for FGV at Rm1.30
Quite impossible & also very unreasonable price at Rm1.30
See FGV IPO
INITIAL PUBLIC OFFERING ("IPO") OF UP TO 2,188,890,900 ORDINARY SHARES OF RM1.00 EACH IN FELDA GLOBAL VENTURES HOLDINGS BERHAD ("FGVH") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE 3,648,151,500 ORDINARY SHARES OF RM1.00 EACH IN FGVH ("SHARES") ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING AN OFFER FOR SALE OF UP TO 1,208,890,900 EXISTING SHARES ("OFFER SHARES") AND A PUBLIC ISSUE OF 980,000,000 NEW SHARES ("ISSUE SHARES") COMPRISING:
AT THE RETAIL PRICE OF RM4.55 PER SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE, IN THE EVENT THAT THE FINAL RETAIL PRICE (AS DEFINED HEREIN) IS LESS THAN THE RETAIL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS AND OVER-ALLOTMENT OPTION (AS DEFINED HEREIN). THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF:
(I) THE RETAIL PRICE; AND
OK RM4.55!
PAHANG & SABAH STATES STILL HOLDING ABOVE RM4.00
HOW WILL THEY GOING TO AGREE? AT RM1.30???
Now is FGV really in Financial Distress or Felda?
No. Definitely No!
FGV/FELDA HOLDING FANTASTIC HIGH VALUE LANDS ALL OVER PENINSULAR, SBAH AND SARAWAK
Let us Look Deeper Into Its lands
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To convert hectares to Acres multiply by 2.471
= 1,085,337 ACRES
FGV HAS OVER 1 MILLION ACRES OR 4X (Times) BPLANT LAND SIZE
IS FGV LAND MORE VALUABLE?
Let us Go See (Refer BURSA Annual Report of FGV: Under Properties Owned)
Johor Darul Takzim
Inas Selatan, Kledang 02, Maokil 06, Maokil 07,
Nitar Timur, Paloh, Tenggaroh 09, Tenggaroh 11,
Tenggaroh 12, Tenggaroh 13, Tenggaroh Timur 02,
Palong Timur 04, Palong Timur 05, Semencu, Bukit Besar,
Air Tawar, Penggeli, Kahang, Lok Heng, Selanchar 2A,
Tenggaroh 4, Adela, Moakil, Nitar, Selanchar 2B, Belitong,
Wa Ha, Tenggaroh Timur, Kulai, Plentong, Pasir Gudang,
Tanjung Langsat Industrial Complex
NOTICE
KULAI
PLENTONG
PASIR GUDANG
TANJUNG LANGSAT INDUSTRIAL PARK
TOTAL
33,933 HECTARES
Book Value :
Rm243,458,000 (Only Rm243.4 Millions)
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Above are Super HOT PROPERTY BOOM AREAS IN JOHOR NOW
Let us Calculate their Land Values
First Convert to acres by X 2.471
so 33,933 X 2.471
= 83,848 ACRES
How much Cost per Acre
Divides Rm243,458,000 by 83,848
= Rm2,903 per acre
To get sq ft divides again by 43,560
= 6.6 sen psf
HOW MUCH IS THE CURRENT LAND VALUE IN KULAI?
See
RM22 PSF
or Rm958,350 Per Acre for Kulai
Up north in Sedenak is cheaper sold by Bplant
See
MIDF Research noted that YTL Power had acquired BPlant's Kulai Young Estate in early-2022 involving 664 ha of land bank for RM429mil. It said bite-sized acquisitions inevitably cost a premium with the Kulai Young Estate land acquisition translating into a hefty RM646,084 per ha
(that Rm646,084 per hectare sold by Bplant considered "fair value" to YTL Power
If Kulai up in Northern Johor can fetch so Much
How much higher can Fetch in PLENTONG, PASIR GUDANG & TANJUNG LANGSAT INDUSTRIAL PARK
OF COURSE NOT ALL LANDS ARE IN JOHOR WORTH HUNDREDS OF THOUSANDS
NEVER MIND
IF WE JUST TAKE AN AVERAGE RM50,000 PER ACRE FOR ALL FGV/FELDA LAND WILL DO
AT RM50,000 PER ACRE AND 1.085337 MILION ACRES
IT WILL BE
Rm54,266,850,000
YES IF FGV WILL JUST REVALUE AND SELL ITS ASSETS PER ACRE FOR RM50,000 (OF COURSE THIS IS DIRT CHEAP: TOO CHEAP TO SELL)
RM54 BILLIONS EASILY!!
FGV/FELDA ACTUALLY VERY VERY VERY RICH
Kindest Regards
Calvin Tan
Please buy or sell after doing your due diligence or consult your Remisier/Fund Manager
Created by calvintaneng | Jul 24, 2024
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