THE INVESTMENT APPROACH OF CALVIN TAN
WHY BPLANT WILL PERFORM EXCEPTIONALLY WELL WITH THE EXPERTISE OF KLK IF IT STAYS LISTED, Calvin Tan
calvintaneng
Publish date: Sat, 26 Aug 2023, 07:01 AM
calvintaneng
0 1,873
Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Dear friends of i3 Forum,
KLK Has Offered to Take Bplant private at Rm1.55
But Calvin thinks it will be far better for Shareholders if Bplant remain listed
Why?
Our answers are twofold
1) BPLANT GOLD MINE ASSETS CAN ONLY BE FULLY KNOWN IF IT IS IN THE PUBLIC DOMAIN
Yes, Bplant has IMMENSE VALUE LANDBANKS which are not FULLY UNLOCKED IN VALUE
Only by long process of VALUE UNLOCKING Will we get to SEE all its TRUE VALUE EVENTUALLY
If taken private no one will know UNLESS SC OR BURSA MAKE IT COMPULSORY FOR LISTED COMPANIES TO DO A FULL ASSETS/LANDS REVALUATION BEFORE PRIVATISATION IS ALLOWED
2) KLK WITH ITS PAR EXCELLENCE WILL DEFINITELY ADD VALUE & INCREASE THE NET WORTH OF BPLANT 220,000 ACRES OF PALM OIL LANDS
Let us SEE the SUPERIOR GROWTH YEARS OF KLK
Refer to
STOCK PERFORMANCE GUIDE (By Dynaquest) Sept 2015 Final Edition
Page371
KUALA LUMPUR KEPONG
Year..........P. Range (Rm) Dividend Per Share .....Earning Per Share
2005.........4.10....5.67........15.5 sen..........................36.1 sen
2006.........5.50....9.33........21.1 sen..........................33.7 sen
2007.........9.00.....17.50.....26.8 sen..........................57.7 sen
2008.........6.75 ....19.20.....40.7 sen..........................Rm1.03
2009.........8.95....17.00......53.8 sen..........................60.60
2010........15.48....22.96.....45.0 sen...........................85.80
2011........15.30....23.78.....60.0 sen...........................Rm1.27
2012.......17.00....26.76......85.0 sen...........................93.50
2013.......19.88....25.28......65.0sen............................83.90
2014.......19.60....25.14......50.0 sen............................92.60
2015.......19.60....23.54......55 sen E............................79.0 E
2016...................................50 F....................................91.0 F
E = Expected
F = Forecast
As you can see from above
KLK started in year 2005 at the low of only Rm4.10
And ended 2015 with the price of Rm23.54 (Blue Chip)
Up a Whopping 574%Or up 57.4% each year for the decade!
At the same time it has increased its dividend payout from 15.5 sen in 2005 to 55 sen in year 2015
SO KLK HAS BEEN GROWING IN EPS (Earnings per Share) AS WELL AS IN DPS (Dividends Per Share)
So if LTAT allows KLK to manage Bplant it will be Game Changer for both KLK, Bplant & Its Shareholders
Kindest Regards,
Calvin Tan
Please buy or sell after doing your own due diligent study
More articles on THE INVESTMENT APPROACH OF CALVIN TAN
JAYA TIASA (4383) WAS 71.5 SEN REPOSTING THIS PALM OIL JEWEL & LATEST UPDATES, Calvin Tan
Created by calvintaneng | Nov 27, 2024
Discussions
1 person likes this. Showing 21 of 21 comments
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
Many in Ipoh who believed in Tan Sri Lee Loy Seng and invested in KLK from its early years are millionaires today.
After KLK buying over BPlantation, the higher likelihood will be this plantation will be delisted and parked within KLK.
2023-08-26 07:49
Luckily there was a offer by KLK. Imagine without the offer and with poor quarter result due to: no land disposal gain, poor yield/old tree which need capital for replanting, what will be the price of Bplant today?
So do not be greedy just take the offer at the table. KLK is not superman and it need lot of capital/management and long time to turn around a badly managed plantation.
2023-08-26 08:17
for years Bplant has no engage in meaningful replanting. thats why they can give good profits for so many years last time.
2023-08-26 09:05
Unlike IJM Plantation privatisation which EPF own shares, EPF don't have BPlant. Expect lower EPF dividend with KLK share price drop possible?
2023-08-26 12:42
Don't forget FGV too. FGV is much bigger than BPlant. It's is also in the pipeline to take it private by Felda. Now trading at RM 1.40
Meow..
2023-08-26 23:31
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥
For plantation stocks, look at Kim Loong and United Plantation.
2023-08-27 16:25
calvintaneng
ChloeTai
Dear Mr Calvintaneng,
Can you please list down the steps investors should do for the general offer of Bplant?
4 hours ago
Don't need to do anything at all
Just hold till they take over your shares and bank in CASH to your Bank Acc
Easy like A, B & C
😊😊😊
2 days ago
2023-08-27 20:43
For Bplant now is at its easiest as KLK & LTAT unlocking value & Almost Everybody sits up & chase like mad in hot pursuit
The hardest part was buying Bplant at 57 sen when few people were interested & when doubters and naysayers abound
BY AFTER WE HAD DONE OUR HOME WORK CAREFULLY AND BOUGHT "IN FEAR" AT SUCH LOW PRICES (57 SEN)
THE WORK IS DONE. AND THEN WE CAN SIT BACK AND HOLD FOR EVER.
TILL ONE DAY LIKE NOW WE ARE FINALLY REWARDED FOR HOLDING PATIENTLY
See our Home Work
Things were still murky and misty then
Now VALUE IS UNLOCKING
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2021-04-12-story-h1563301593-PALM_OIL_JEWEL_BPLANT_OR_BOUSTEAD_PLANTATION_5254_BPLANT_HAS_DEEP_VALUE
NOW THINGS ARE CRYSTAL CLEAR
SO BPLANT HOLDERS ARE REJOICING HAPPILY
CONGRATULATIONS!
WELL DONE TO ALL HOLDERS!
ESPECIALLY TO
ALL AT
EAGLE VISION FIRST MOVER (WHATASPP GROUP)
2 days ago
2023-08-27 20:43
Yes, there will be risk but risk now different as two things have changed
1. Tok Mat already said "Bplant planting on "gold mine" and as such value is announced
Since Boustead needs lots of cash to meet debt obligation the 33% sale of bplant shares to Klk is only a stop gap measure. Boustead still need to find lots more cash and expect more
2. With the entrance of Klk Bplant will see more Superior management
What can happen?
1. Klk after taking over Bplant shares might offer MGO for the rest of shares to all at Rm1.55
Unless some entity buy above 10% from open market chances are Klk might succeed
2. Should Klk fail to garner enough then Bplant will remain listed
From past experience
Tasek was given MGO at Rm3.80 but remain listed
After Hong Leong got some but not enough 90% Tasek shares at Rm3.80 (still listed then ) Tasek shares price jumped to the height of Rm16.00
later Tasek again retraced to Rm5.50 and Hong Leong gave a second attempt to take all Tasek shares private at Rm5.50 which it finally succeeded
So should Klk fail to get all Bplant shares at Rm1.55 chances of Bplant going back below Rm1.55 will be slim (as Klk has done the homework and will stand firm taking all at Rm1.55)
so chances of Bplant trading above Rm1.55 very possible
3. And if Klk succeeds taking all free-float and others at Rm1.55 then Boustead could remain a jv partner with Klk as an unlisted entity
or else Boustead can ask for a higher price from Klk to sell it's balance share
All above are suppositions and we will see how things unfold in coming days
Remember
for compulsory MGO Klk needs more than 90% of Bplant
Felda gave Rm1.30 for Fgv privatisation but failed as Fgv is now over Rm1.40
Iike Fgv Bplant is still very undervalue at Rm1.55
7 hours ago
2023-08-27 20:44
ChloeTai
@calvintaneng, I am a newbie in Mandatory General Offer (MGO). Assuming nothing goes wrong, will the price of BPLANT be 1.54/1.55?
5 hours ago
2023-08-27 20:45
calvintaneng
normal final last trading day eventually will be near to offer price
but those who did not sell will get payment as stated unless revised higher
For Tmakmur
MGO was Rm1.80
but at the end price was raised to Rm1.90
For TheStore
MGO was Rm3.52
later MGO was revised up to Rm3.70
final price for THESTORE was Rm4.00
4 hours ago
2023-08-27 20:45
Posted by ChloeTai > 2 hours ago | Report Abuse
@calvintaneng, I am a newbie in Mandatory General Offer (MGO). Assuming nothing goes wrong, will the price of BPLANT be 1.54/1.55?
Ok this is Tkmarmur forum in i3
Offer was Rm1.80
Final Offer raised by 10 sen to Rm1.90
Final traded price was Rm1.89
Those who sold at Rm1.89 will get money faster but will incur trading fees
Those who waited for Final Cash credited into Bank Acc will get full Rm1.90
(Remisier gets nothing)
So Remisier normally want us to sell
See all the interesting comments
TANAH MAKMUR BERHAD
KLSE (MYR): TMAKMUR (5251)
https://klse.i3investor.com/web/stock/overview/5251
3 hours ago
calvintaneng
And this is THE STORE
MGO was Rm3.52
MGO revised up to Rm3.70
See all the interesting comments in THESTORE Forum
THE STORE CORPORATION BHD
KLSE (MYR): TSTORE (5711)
https://klse.i3investor.com/web/stock/overview/5711
3 hours ago
2023-08-27 20:46
calvintaneng
After THE STORE was taken private
Our Chun Chun buy call was KWANTAS
See
calvintaneng
TheStore's gone into another TROPHY CALL of Calvin Tan Research!!
Coming up next will be KWANTAS!!
Let's start celebrating NOW!!
With song of Kwantas
https://www.youtube.com/watch?v=Jm1anurhbeg
2017-05-21 15:22 (posted in May 2017)
3 hours ago
2023-08-27 20:46
calvintaneng
3 years later when Kwantas was 50 sen
Top Holder Suddenly Offered
MGO at Rm1.65
Amazing high offer
See
KWANTAS CORPORATION BHD
KLSE (MYR): KWANTAS (6572)
https://klse.i3investor.com/web/stock/overview/6572
Note: Three Stocks now VERY CHEAP & FULL OF VALUE ARE
1) THPLANT (240,000 ACRES)
2) JAYA TIASA (206,000 Acres)
3) TSH RESOURCES (The Most Value of All)
3 hours ago
2023-08-27 20:46
calvintaneng
Read again
Bplant as it has 1,000 acres land near Prai, Penang book value less than Rm5k per acre
Who knows ?
They might be taken private at Rm1.65 just like Kwantas as their lands all in far better location in Peninsular
2021-03-26 08:50 (posted March 2021)
THE BIG QUESTION NOW IS:
:WHICH WILL BE THE NEXT TO BE TAKEN PRIVATE???
3 hours ago
2023-08-27 20:47
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calvintaneng
Post removed.Why?
2023-08-26 07:17