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.

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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.

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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
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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.
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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
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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

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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.

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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.

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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.
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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....

MAA is footing the 50M…not bad..,

Market don’t think it’s bad news at all…

I wonder CGIF took what as collateral for the bond. Some lousy asset that KNM happily give is it?

Not many retailers here then...alot of pros...either they know how to offload shares to market or they genuinely believe in the value KNM. U look at how the queue are added and removed; crazy manipulation.

better stay away...

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linxpeedy If yesterday’s news is a surprise to anyone they are not doing there research. The key is that they have now appointed consultants to value and sell assets. They will refinance bond but for a short period. This takes off pressure of fire sale and then can sell all assets at a proper price. NAV is over 50 cents. With time and oil prices up chance can get more. Time to just sell the parts as that is worth more than the company. Sell range between 40-60 cents is good profit for everyone. Then close KNM.
19/11/2021 9:12 AM

I think they selling of Ethanol plant to CGIF.

I tot a blood shed...but turns out, more gambler than I thought....

I think market think it's a good news as they finally understood that thai bond is guaranteed by CGIF and thedebt will be restructured anyway.

Who cares what story la...as long can ride the wave and make money...


truthspeaker69 borsig tales episode 3 coming soon as accumulation is complete
18/11/2021 11:52 AM

RM600K to pancing wooo....
Ada kaya jugak ini olang...