Need go ask Tan Tong Lang why when ARBB changed their name, this Larry guy only have 8%.
And now out of the blue, all it cost him is RM6M to increase to 15.6%.

If there is anything worth to be patented at all, that would be some fancy sensors or some fancy fertilizer concoction. You can't exactly patent, "using sensors for the purpose to grow vege" can you? Or using CO2 with LED to double vege's growth. Or try to patent a process of "A man injecting his manly juice in fertile female genitalia will create life". The process is called "f/u/c/k/ing" and I don't think anybody will try to patent that nor any natural process is patentable.

I'm getting little confuse with what do ARBB actually selling? 200 greenhouse? They are selling IOT Farming technology or selling vege? Why RM55m for 200 greenhouse. Arbb probably need only 20 greenhouses to show that the "IOT" is great for farming with high yield. If that's true at all.

ur PE15 on what EPS? this kinda dilution. If annualised EPS 1sen. PE15 only give u 15sen. Where u get ur 67.5sen from? Please do enlighten what kinda of EPS you are using as extrapolation and quantum for ur PEG forecast? 50m a quarter? RM200m per year. And as of now, I don't even blardy know what's ARB selling. Vege or IOT? =D

When you see this kinda quarter report and nobody seems to know what the hell they are selling? They will very soon get into trouble with auditors. But ofcos before they get into trouble, there was a greattttt run before everything crash. The question for a scam counter; the question isn't IF, the question is always WHEN. I call this counter scam, I bought 30+sen and sold 40+ sen with weird corporate exercise. I believe this counter has a 2nd leg. Because at this point, what ever the CEO is doing, he isn't making money yet. But he soon will. Once the RI is over, I believe there will be a selldown. All counters including legit one after RI also hv a selldown. This time, with more outstanding shares, I don't think whoever manipulating the price will hv a pocket deep enough to support the price. Maybe I can get cheaper ticket then. Perhaps, if u want to top up. You can top up then. No one really see a scam until they unfolds. But entering cheap enough will greatly reduce ur risk.

Appendix.

Scam counter (QR 2020)
=============
Quarter Revenue Profit
====== ======= ======
Q4,20 185.60m 30.40m
Q3,20 183.73m 12.43m
Q2,20 94.91m 5.07m
Q1,20 51.78m 4.28m

to be become (2021)
=============
Quarter Revenue Profit
====== ======= ======
QX, XX 26.49m -2.70m
Q2,21 61.53m -19.55m
Q1,21 175.28m 12.20m

===================
Peg PE & Share prices
11 x = 67.5 sen
15 x = 92 sen
21 x = 129 sen
===================
==================================
Larry’s Total Shares double to 102mil which increases his voting rights to 15.6%

He becomes largest shareholder and thus have stronger managerial control
==================================
Verdict: He wins and so does ARBB in that the Revenue and profit growth accelerates which translates to higher share price. Target at Post RI PE Ration at 3 x, it should be 15 x , thus the shares should be fairly valued at 67.5sen. , a 500% increase.

GOT. PE less than 2. Fintec. The quarter they report 720M profit.

ARBB only need 4(FOUR) guys to make up this 85.2million shares for 98.2%.

If there is something worth checking; that would be who is the one getting the project to setup 275K per greenhouse. If Larry is not dumb, it won't be Prinsiptek. Technically, it's not Prinsiptek since it's Ageson now. Good chance that's also where ARBB gets his RM23M cash from.

You are right on the take up rate.

But if you see the combo of corporate exercise since 2018. It appears to be that each corporate exercise is to use retailers money to own the company for free. Like you know, this Larry is paid to dilute the shares. To raise RM120M for him to spend and he decides on how to spend them. It makes no sense to RI at 13sen. Unless, he wants to take up all for himself. =D

ur Implication B is inaccurate. RI at 13.5sen means if I can buy RI 13.5sen, why should anybody buy anything above it? The question is, WHY RI at 13sen devaluing the company by more than half is more pressing. RI at 26sen with half the proposed shares can get him his RM120M. Why not 26sen? Especially, according to you, they hv good business running behind. So good, RI at 30sen also ppl sapu la. Now, where is the problem?

Its not something Larry doesn't know. What's not known is why he did it? Why do you think he did it is a better discussion. Everything has a cover story and the truth behind it. What you have shared and discussed so far are only cover story. What's more important is the truth.

==================================
MarcusBioTech For the Benefit of Transparency and clarification,

The Rights Issue (RI) was approved based on the TOTAL VOTES of 85.2million comprising of 31 individual shareholders. This is 8% of ENTIRE Shareholding votes or 1.075 BILLION Shares.

Of these 85.2 million vote shares:

98.2% / 83.69million voted FOR RI
1.8% / 1.52mil voted AGAINST the RI

What are the possible implications?

Implication A:
98.2% is very strong sample that majority of ARBB shareholders want the RI to go ahead and fund the innovative Hydroponics Project

Implication B:
there are SILENT MAJORITY or 92% of entire shareholders who didn’t participate but are against it as reflected by the Share sell down from 30sen to now 13.5sen.

We will know the outcome when we see how many Percent of RI are subscribed.

INVESTOR Choices
CHOICE 1. invest in stock with insane PE Ratio of LESS THAN 2. I have never seen this in my 30 years investment in Stock Exchange.

I attended the last 2020 AGM ARBB and understand that Larry Liew has new projects and new patents pending approval in Q2 2022. This is extremely exciting. Reflect another Patent - R&D centric firm UCHITEC on coffee maker semi conductor chips. their stocks + dividend are 5-baggers (+500%) over about 15 years. One can expect ARBB to go up much faster because of its valuation.

CHOICE 2. you can wait for 12 months and see how the Hydroponics project progress. Expect high initial set up costs and thus subdued profits.

Don’t forget that ARBB has other ongoing profitable projects and with Cash >23million for working capital while the RI are for Hydroponics Project. Note that ARBB cannot use the fund for purposes other than what it told Bursa Malaysia Commission. to change it, they need AGM to amend the resolution.

MY OPINON
As businessman myself, we should be shrewd. I would have preferred CEO Larry Liew to invest in phases. Try with 10 Greenhouses and plow back the profits to build the next 15 Greenhouses until you reach 50. But if he is making right business risk, this will take off in large way as it solves the labour shortages in agriculture sector.

Disclosure: I have interests in ARBB WA.

Well, it depends. I made money from Fintec.

Like all scam, identify the opportunity. Know when to enter and exit is the key.

My advise is learn to read the 3 financial statements.

Until u learn to understand that PnL statement is the most useless of all 3, then u will know ARBB is full of sh#t.

As for why the drop, then go study what's value paradox.

Few good question to ask.
1) Why RI 12sen when the stocks was trading at 28-30sen. If really want to raise fund; wouldn't it makes more sense to RI at 25sen. Can raise 2X funds of whatever hot air project.
2) Who suffer more from this massive dilution? Insider or general public?
3) Extra RM120m that nobody seems to know what is it for? Good chance is whoever that's pumping ARBB's cash flow statement is asking their money back.

================================
line For a counter to drop from 40 cents means large shareholders sold the Stock. Why these large shareholders sold it? Think.... past profit doesnt guarantee the future.
14/01/2022 1:46 PM

================================
line RJ87 are u trying to imply that arbb is not really looking good, as no one with good sense would invest in it?
14/01/2022 1:48 PM

This is minor concern la. Look at SD, PNB, EPF and a bunch international investor. All also kena con la.

https://malaysiastock.biz/Company-Announcement.aspx?id=1314403

Credit Suisse from Switzerland, credible enough? Still participated in the con la.
========================================================
line Jazmaster, must be reputable international investors. Like blackrock etc. None of reputable international investors even look at arbb. The one who look, are those who see past record without knowing the potential.
14/01/2022 1:35 PM

RI with billions of shares on hot air project. *shakehead
Final move will be ESOS until become 1.5sen like Fintec.

Keyboard warrior or not doesn't change the fact the corporate exercise resembles scam tactic by fintec, focus dynamics and the gang.

The difference is in past, many got scammed by fintec and the gang is because they don't know.
And now here in ARBB which is really strange; despite being exposed of the scam tactics; many still buy in.

That reminds me of JJPTR expo last time in Penang when plenty of people taking banner exposing JJPTR's scam and demanding their money back; a bunch of I/D/I/O/T still buy in. What a life mystery.

See the resemblance? When ppl say JJPTR is a scam. JJPTR promoter says they are different. Where is JJPTR now? When ppl say Fintec is a scam then, Fintec/Focus Dynamic promotor says they are different. Where is Fintec/Focus Dynamic now? Now, when ppl say ARBB is a scam, ARBB promoter says they are different. Look left look right, pattern definitely the same, dunno where different.

p.s. There is nothing to be scared of different opinion. No need report here report there.

That's what they always say...Sold warrant very little only...

but they do take the trouble to press the price to make sure they pay back less...

good job to Bplant holder. No point selling when good news coming next few quarters.

1) 2-4 profitable quarters
2) Sustain dividend return
3) Special Dividend from Land Disposal
4) Excess cash used to either reduce debts or bonus issue.

I will recommend reduce debt that bonus issue. Considering price will be adjusted after bonus issue anyway.

I think the actual answer is "I don't know what you are talking about".

But the one you gonna get will be "We are looking at multiple proposal from planting durian to dragon fruit. We ensure you that our team is working around the clock to make sure we make the best use of the unutilized land in the best interest of the shareholders".

but if management is same gang of the 3 stooges. "Left pocket put right pocket, best asset growth strategy". Or "We did nothing wrong. SC is biased". Then you will get answer like "The land title is with the ketua kampung. I will get my valuer to go visit the ketua kampung to find out what we can do with the land."

Kenanga, C19 strike value RM1.68 2022-02-14
RHB, C20 strike value RM 1.50 2022-01-26
Macquire, C21 strike value RM 1.58 2022-02-11
CIMB, C22 strike value RM 1.50 2022-02-28

It might appear Kenanga to be the culprit. But the truth is it most likely combination of them considering their warrant was sold at different premium. It's just a matter of how much they are willing to pay back.

Yep. If bplant can pare down it’s debt by half and increase it’s cash position. It will make bplant look good fundamentally.

I think another thing management can do is to revalue 10k ha that’s ready for sale. NTA will go up abit making PTBV to be more attractive.

Don’t cost them how much shares to keep selling like these.

If there is a strong buy momentum, u will see a 1mil share sell queue at RM1.69. SCW issuer are really afraid of breaking RM1.7 resistance.

I retracted my comment after reading your last reply. We are valuing the business from different angle. I pun RM1.20 so that I can ciaoz by RM1. =D

For punting sake, RM800M to RM1B. Realistic estimate should be around 500M +/- 10% for FY22.
Around 10-12sen dividend. By next year this time, 90sen with 12sen dividend not too shabby also ma with Bplant reduce it's debt by 1/4. Not too bad ma.

664ha vs 76K ha. RM4300 per tonne in Q3. You are right about seasonal earnings. But that's dependant on the phase of the plantation and yield. Hopefully, it's back to 2016 efficiency before the price peak in 2018. In this case, hopefully, it peaks in 2023 and we all hv a fruitful year.

So, in coming months. Drop mar buy more lo. If sudden jump, mar sell first lo. Since 2023 is still a long way.

I think u mean PE is too simplistic. I give even more simpler one.

0.664ha = RM430m
90K ha = ?

Even u put 90% discount there, land bank valuation still look crazy.
It does explain why 70% ownership of bplant belong to Boustead Holdings and LTAT. Only 25% left for people like you and me.

If there is anything you wanna be unhappy about Bplant. It's probably you and me don't get to own more of it.

Kaki goreng confirm not interested, not enough meat and no liquidity. Have to wait long long before they cut a piece and sell before you get anything.

Then can you please enlighten us on how much of the land sold vs how much of total planted land?

are u gonna address this question?

1)"not to mention, post land sales production needs to improve to cover the gap…"
Then can you please enlighten us on how much of the land sold vs how much of total planted land?

2) "CPO have to sustain at at least 5k average the whole year and the land sales go through"
if u read last Q3,21, the average selling price was RM4300. So, probably need around RM4500 with 80K FFB month FFB for RM100M. Give +/- 10%

3) "land sales are distributed, which is not the case based on the announcement on how the disposal proceed to be used"
This one you are right. What happened in 2017; the excess was used for Bonus Issue later. However, if u wannt knit pick. The price did tank a quarters after replanting and the PAT goes to red. They sold land in Penang and bought plantation in Sabah to realize the trees are old and need replanting. As of now in 2022, the trees are heading towards maturity.

==========================================================
brianklc Based on 20 sen div and with 60% payout ratio, u need roughly 866mil PATMI… like wht I said, CPO have to sustain at at least 5k average the whole year and the land sales go through (assuming all profit from land sales are distributed, which is not the case based on the announcement on how the disposal proceed to be used)… not to mention, post land sales production needs to improve to cover the gap…

I'm more than happy to join ur this "bo zao si arrr" bandwagon to collect. As I have already mentioned earlier too. *wink

I don't know why need to run considering things are finally looking good for bplant. Care to share what's the down side other than it's "not as much" profit as you as expect? 400M in FY22 from land is 1/4 of the market cap. RM400M in FY22 is another 1/4 of the market cap. Both add up is 1/2 of the market cap. Even if it fell short to 1/3 of market cap, u tell me on earth sell a counter with profit 1/3 of it's market cap in coming year. (Just incase you don't know how to count, PE10 translates into profit of 1/10 of market cap)

Asia88 and brianklc, please open eye BIG BIG. thanks.

Which part of my statement, I say 20sen on Q4,21.
Keyword: 2022 AS A WHOLE. 20sen dividend by Q4,22.

I know it's not easy to swallow being called and proven sorzai. But it's ok. *wink
Like I also said way earlier, most don't see past their nose. This is a good example.

========================
RJ87 I see 2022 as a whole…RM800m-RM1B cash coming in… 60% dividend payout…RM480M dividend (20sen per share) with debts reduced by half…That should at least set Bplant at 90sen and 20sen divdend by Q4,22. How soon it reaches that TP is up to anyone’s guess.

hoot9eonly, maybe u should research

1) how the heck ARBB came into picture? It’s not normal IPO. To go through normal IPO, the book is scrutinized by auditors, SC and underwriter. To by pass that, you can do “backdoor IPO”. You go research what’s “backdoor IPO”.
2) Upon changing name, what’s their first move?
3) They issued how many PA and what price? (Whoever owns the PA easily made 50-100M)
4) While selling those overprice PA, they get into how many billion dollar MOU and which later cancelled one by one? U go download each QR until all the way to 2018 and read them.
5) Go find out who are those behind trade receivables and trade payables?

After you find out all 1-5 and you still believe in ARBB. Go ahead.
If you don’t know what’s ARBB called before it changed name to ARBB. Don’t talk to me la.

If anyone of you are serious about finding out what you are investing; seriously, spend sometime research on the 5 questions. Then we come back discuss.

So, u want it to happen or not? It's either Q4,21 or Q1,22.
Don't hv this also got sustained RM5000 per tonne until Q2,22 if commodity report is right.

U want it to be right or not? That speaks volume of ur intention.

Even if neither didn't happen, 70sen at RM1.6B market cap with 76K hectares land where 12K hectares are matured for commercial and residential use are ready for sale liao. 2K hectares is RM400m. Busuk2 also RM2.4B. RM2.4B next 5-10 years. I can wait. Who knows 5-10 years later, another 10K hectares ready again. =D

later Q4 we see if it's there lo. Else, it will be Q1,22. No need rush.

After CNY, got angpau. Can buy more.

Tactic sama. MOU dan MOA sana sini. Profit ratus2 million. Setiap kali mau kasi dividend, kompirm buat RI. Konon mau finance project. Tp tak pernah jumpa barang atau duit.

Bila auditor tanya mana barang atau mana client. Jumpa hostel bangla entah mana2.

Don't be surprise that the trade receivable and payables are all come from same company. Konon2 asset growth strategy.

U tidak salah. Memang SD and ARBB lain. Silap Karim ialah die patut buat magic dengan business satelite dia. Macam ARBB dgn IOT dan 5G. MEMANG TAKDE BARANG PON. Nak audit macam mana? Konpirm tak kantoi mcm SD. U betul.

The only difference is ARBB aren't easily caught. But doesn't change the fact minority shareholder will be taken for a ride. By the time u see Warrant-C like Fintec after PA, LA, WA, WB. You cry also no tears. =P
---------------------------------------
bosskufanboy comparing SD with ARBB? 2 different thing la bro
11/01/2022 9:46 AM

Dont waste too much time here line.

All the corporate exercise is to take shareholder for a ride. I spent a decent amount of time exposing their trick. From billions of dollars in MOU that never materialise to profit that never translate into cash. Its gonna be something like SD. All i got was attacked.

Like how ponzi scam operator attacks any skeptics.
——————————-
line RJ87 u have got a lot of experience. This is common. Raise money dump the shares.
11/01/2022 6:55 AM

RI 1 billion shares. At 12sen summore.

Ini satu geng dgn fintec. When they finish with their magic show, u will be left with 2 sen.

Q4 should hv RM430M + RM100M from CPO. EPS should be around 20sen. The moment Feb QR announce dividend, will hv get a 10-15sen price bounce. Want sell at 85sen for immediate gain also can. Want wait dividend also can. Up to you.

The worse u can do is jump onboard after dividend announcement.

I see 2022 as a whole…RM800m-RM1B cash coming in… 60% dividend payout…RM480M dividend (20sen per share) with debts reduced by half…That should at least set Bplant at 90sen and 20sen divdend by Q4,22. How soon it reaches that TP is up to anyone’s guess.

Slowly but surely.

But don’t forget Y.o.y increased by 6% from 73000 to 78000…

Generally, 10% increased in production with more than 100% increase in CPO price y.o.y.

Price has only move 10sen.

Yep… drop abit… 5000 from 83000 to 78000… hardly 6% drop. But CPO price up 25% from RM4300 to RM5300, almost 25% up…

Earliest can take off also march onwards for 3 months. need to clear C19, 20, 21 and 22. Dunno with market maker finger so quick. Can make 10-20 lots queue to press the price.

hahahhaa

I know u r not. From experience, doing what's right is wrong.

I wasted enough time doing what's right. Like I say, most don't see past their nose. Why bother sharing different types of corporate exercise to maximize share holders returns after each events?

No need la. They only wanna know if they are right today, tomorrow or next week. Those that sold will be delighted to see it closed red after they sell. That's all they care about.

Who gives a sh*t about, types of asset? Current gearing and finance cost? Pare down RM1B debt will reduce finance charges by RM10-20M per quarter translating into savings in finance charges? The harder you try to explain, the bigger conmen you become especially when next monday closed red.

It's better u rest your case. Or better, jump onto "bo chao si arrr" bandwagon. You are more likely to be hailed as hero next monday than trying to persuade people to stay strong. hahahahahha
-------------------------------------------
novice2020 I am not a con. I rest my case.
07/01/2022 11:00 AM

u see, as long as there are weak retailers; they will put alot speed bump along the way. Shark also malas mau push. So?

No no no...u r a con men. Bplant is plagued with useless management not able to handle ESG.
Fast run. Bo zhao si arrrrr.

Lai, faster sell. =D

-------------------------------------------------
novice2020 RJ87, my personal opinion is that when the dividend is very good and coupled with strong FCPO price in 1st and 2nd quarters of 2022, the upside flipping point will come soon. If it happens, the price-climb will be rapid.

There are not many safe counters in KLSE with such upside potential. Stay strong.

it's a 2years 100-150% return project. How many here to hold 2 years la? Longest mar kenanga T+20 only. Phuikkkkk

Maybe we should tell them price will only move 6 months later. They sell faster now. hahahahaha.

U want to really help the price to move. We should talk bad about bplant so that more ppl sell.
We tumpang collect. Q1,22 and Q2,22 will hv quite alot goodies coming bplants way. By Q3,22 announce bonus issue for stellar performance. Price will hv the last 20% bounce.

That's the time, u see all these silly manipulation stop. Show is over and time to leave.

it's another 2016-2018 in the making. Same move. Just make sure u recognize the signs and exit before they do.

They also want make money mar. Can you blame them?

I always ask myself, wouldn't I do the same if I have the resources? In casino de bursa, one man's lost is another man's gain. U think they don't know about 40sen's dividend? Here's the play, 40sen dividend 2022-23 is quite certain already. The question is how to maximize their entry at 50-60sen.

To get a hockey stick price movement, they need all the weak holders to sell now and buy back later when EPS and DY materialize. They put block and buy as much as they can while they can while the goodies unfolds.

---------------------------------------------------
Once more buyers emerge along with syndicate pushing up, the share price will jump with less resistance.

today's pattern is to block at 71 sen, 300K shares to collect anything below...

later if buy queue is weak, they will sell low and set another block at lower price and continue collecting. Same trick everytime.

ok...TP RM1.5 by end of 2022 if these 2 materializes.

cashflow from (1)+(2) about $1.09 bil
Gain on disposal (1)+(2) is about $923 mil or 41 sen/share.

BPLANT’s land bank spans 98,200ha of which 73,500 ha is cultivated with oil palm. To recap, BPLANT has ~10k ha of strategic estates located in Selangor, Johor, Penang, Kedah and Perak that are ripe for property development.

Since relisted in 2014, BPLANT has sold more than 2,164 ha of land, raised >RM1.0bn gross proceeds, and distributed about RM1.0bn in total dividends.

2K ha = RM1B
10K ha = RM5B

Now, market cap is RM1.6B. Can hold long long. Market cap don't go up RM5B. Also got RM5B worth of dividend to collect.

CPO RM1500 or RM5500 per tonnes are just bonus. The real rewards comes from every 2K ha disposed translating into RM1B dividend (43sen per share).

Sharks are trying to collect cheap by putting resistance there. Set a sell queue damm big or sell when buy queue is weak to collect low. Don't fall into their trap. We join them, queue buy low together.

Sigh. But if they don't collect enough. They won't push also. Sigh. At the end? Becomes a waiting game. At least, waiting at Bplant has dividend return.

https://klse.i3investor.com/blogs/hleresearch/2022-01-05-story-h1596577273-Technical_Tracker_BPLANT_Will_the_History_Repeat.jsp

Should appear in May QR. Likely, another fat dividend from 4 quarters of high profits. Q3,21, Q4,21, Q1,22, Q2, 22.

If average RM100M profit per quarter, that will be RM400M + another RM430M from land sale.
That's a total of RM800M in 6 months. Current market cap is RM1.6B. Should easily worth RM2.4B.

Don't pay dividend also pare down RM1B debt. that will save around RM15M-20M finance per quarter.

So, lets see what the CEO going to do.

------------------------------------------------------------
MuttsInvestor Any news if the Land Sale would be reported in l4Q 2021 or 1Q of 2022 ? Huge impact on NTA.
05/01/2022 11:56 AM

Andy Hall isn't interested in those questions.
He is interested to drive the cost in Asia up so that the west can be competitive once again.

But why not the west bring their cost down to compete? Oh, they can't. They have a generation of useless millennials that rather live on social benefits than to do anything useful.
----------------------------------------------------------------------
Johnzhang @PlantBull, I have asked Andy Hall for his solution to soaring food prices and millions of poor people globally can't afford to have enough food on the table . He has no answer to my question.
05/01/2022 5:27 AM

tmr push past 70sen

blockade remove...up up up...

Back to RM500-600m profit per annum. PE15 on that profit only gives you valuation of RM8-10B market cap top. So, rush to buy in.

Only reason IBs are valuing TG above RM1.50 is because Covid still lingering around. By the time it's over, should be around RM1.2-RM1.5 until Covid 2.0.

Ular...1.5sen dividend. Current entry at RM2. 6sen per annum from RM2 investment.

Tell me how much is the dividend return?

Ular only get to happy for few days...and then sad back...

those that sick of listening to borsig story can leave...movie is over...

Let new batch of ikan bilis listen to borsig story...

MAA hv 63M cash...don't tell me they gonna take up the whole 50M PP will all their cash...

Makes me wonder if these peoples know what they are buying...

Don't see a selldown...but I do see millions of shares at 17 got chewed up....