Posted by Atos > 2019-04-27 15:31 | Report Abuse

It's a northern trip tomorrow.Dont worry, everyone would feel great soon

Posted by Atlan > 2019-04-28 14:28 | Report Abuse

Agree. Long awaited

Posted by Atlan > 2019-04-28 14:29 | Report Abuse

Limit up is possible any time soon.

Posted by Atos > 2019-04-30 09:34 | Report Abuse

There are always scammers waiting your coming

Posted by Atlan > 2019-05-02 20:50 | Report Abuse

Market down but it up....so when market up, it will shoot up.

Posted by Siijon > 2019-05-03 15:48 | Report Abuse

Major outbreak anytime

Posted by Atlan > 2019-05-03 17:26 | Report Abuse

Next week.

Posted by MoneyShow3 > 2019-05-03 22:40 | Report Abuse

UP awaiting final state approval for the purchase. Hope the exco sitting was attended by the quorum and chairman to approve land transfers. The transaction is deemed to be completed very soon.

Posted by yong1985cm > 2019-05-06 09:51 | Report Abuse

how u know is pending state approval right now?

Posted by tyj1299 > 2019-05-06 10:29 | Report Abuse

It's mentioned in UP's quarter result. Just a formality of disposing land.

Posted by chanky50 > 2019-05-06 11:37 | Report Abuse

Notes To The Interim Financial Report

United Plantations Berhad  First Quarter Report 2019  12/15 B7)

CORPORATE PROPOSALS

The corporate proposal announced but not completed as at 23 April 2019 is as follows: On 21 September 2018, United Plantations Bhd entered into 3 conditional sale and purchase agreements (“SPAs”) with Pinehill Pacific Berhad’s group of companies to purchase agriculture lands measuring approximately 8,999 acres together with a palm oil mill in Daerah Hilir Perak for a total combined purchase consideration of RM413.57 million (“Proposed Acquisition”). Barring unforeseen circumstances, we are hopeful that this Proposed Acquisition might soon be completed. The Proposed Acquisition is pending state government’s approval.

Posted by Atlan > 2019-05-06 21:05 | Report Abuse

Everyone standby ya. Good news this month.

Posted by Atlan > 2019-05-07 12:31 | Report Abuse

Chance to buy more now. Will add more.

Posted by OngLiao99 > 2019-05-19 00:16 | Report Abuse

Spa extended awaiting the sitting of the Perak exco. Waiting the next 4 weeks.

Posted by Vijai Deb Palta > 2019-05-20 06:01 | Report Abuse

Perak Esco line-up to be announce soon then to be approved by Sultan and only then a meeting be held.

Posted by Siijon > 2019-05-20 12:16 | Report Abuse

Doesn’t make sense...

Posted by Vijai Deb Palta > 2019-05-20 14:53 | Report Abuse

https://www.malaysiakini.com/news/475638

Read the above and it will make sense.

Posted by MoneyShow3 > 2019-05-27 22:12 | Report Abuse

Yes, needs the final go from Exco. Perak is trying to be investor friendly and would support a larger corporation like UTDPLT to help the smaller plantation companies whom cant have scale. Its good for the people in the state and would bring in better innovation to the sector there. Plus once they have this big boy playing in their back yard, there could be more M&A's in Perak plantation scene.
Good price to accumulate.....hopefully fly to 60 sen soon....2x

Posted by Sebastian Sted Power > 2019-05-28 09:25 | Report Abuse

Actually UTDPLANT should direct take over this garbage company. Offer privatize at RM1 only wll cost them 150mil. Cheaper than purchase consideration of RM413.57 million (“Proposed Acquisition”)

Posted by Atlan > 2019-05-29 16:57 | Report Abuse

Many impatient people throwing. Warrent Buffet advice is patient people earns from impatient people.

Posted by Atlan > 2019-05-29 21:10 | Report Abuse

After disposal, net cash will b 270m. Thus, RM1.8 per share. Now 29.5sen share price is remarkably cheap.

Posted by MoneyShow3 > 2019-06-11 00:22 | Report Abuse

Hope the exco mtg end of June tables this sale for approval

Posted by Sebastian Sted Power > 2019-06-11 15:08 | Report Abuse

today buying queue not bad. Accumulate when its low

Posted by MoneyShow3 > 2019-06-11 20:33 | Report Abuse

Approval obtained, the sale is now UNCONDITIONAL, would be completed by 1st Q June 2020 which is actually by September 2019.
Downside is that due to the extension in lease and the surrender of 10% of some land, the vendor could compensate 12.5m to the Utdplantation.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6188621

We refer to the Company’s announcements dated 21 September 2018, 27 September 2018, 26
December 2018, 18 January 2019 and 17 May 2019 in relation to the Proposed Disposal.
On behalf of the Board, Kenanga Investment Bank Berhad wishes to announce that each of the
Vendor had on 10 June 2019 entered into 3 supplemental agreements (“SAs”) to the SPAs with
the Purchaser.
The SAs were entered into to vary certain terms and conditions in respect of the payment and
timing of release of Disposal Consideration of the SPAs as a result of the conditions imposed by
the Pejabat Pegarah Tanah Dan Galian’s (“PTG”) in their approval dated 7 May 2019 to the
Purchaser pursuant to the Purchaser’s application for approval under Section 433B of the
National Land Code, 1965 for the acquisition and transfer of the Plantation Assets (“S433B
Approval”). The Purchaser had accepted the terms and conditions of the S433B Approval on 10
June 2019


EFFECTS TO PINEPAC
Based on the circumstances imposed by the authority on the Purchaser, PinePac may be subject
to compensate the Purchaser RM12.5 million. This represents approximately 3.0% of total
proceeds of RM413.57 million from the Proposed Disposal.
The potential RM12.5 million compensation however, is subject to the following events:
(i) The Vendor or Purchaser is required by the appropriate authority to commence and/or
implement the Required Exercises in respect of the Plantation Assets before the
presentation and the registration of the transfer in favour of the Purchaser.
(ii) the appropriate authority does not require either the Vendor or the Purchaser to
commence and/or implement the Required Exercises before the presentation and the
registration of the transfer in favour of the Purchaser, then for a period of 12 months
thereafter, the RM12.5 million may be payable to the Purchaser if the Joint Stakeholders
receives a Retention Sum Notice from the Purchaser.
In the event, none of the above event materialises, the compensation therefore will not take effect.


On behalf of the Board of PinePac, Kenanga Investment Bank Berhad wishes to announce that
all conditions precedent of the SPAs have been fulfilled by the Parties and accordingly, the SPAs
have become unconditional on 10 June 2019.





Accumulation mode all the way. Fly fly fly.....

Posted by Sebastian Sted Power > 2019-06-12 09:04 | Report Abuse

RM413.57-RM12.5 = still got 400mil++

water water only

Posted by Sebastian Sted Power > 2019-06-12 09:06 | Report Abuse

no need greedy actually. Just take 10% of that 400mil as specialDIV

also can get 26cents liao.. Simple mathematic

Posted by Richard Lee > 2019-06-12 14:57 | Report Abuse

don't blow. If the deal so good cannot be only you alone know? All people wil come buy before you

Posted by MoneyShow3 > 2019-06-13 23:38 | Report Abuse

Indonesia and Malaysia kicking off their bio-diesel programs

https://www.reuters.com/article/us-indonesia-biodiesel/indonesia-starts-testing-30-biodiesel-in-cars-amid-push-to-boost-palm-oil-consumption-idUSKCN1TE0KW

Posted by Siijon > 2019-06-21 14:04 | Report Abuse

Spa has became unconditional but mkt is not reacting to that. Is there still a case for a rally?

Posted by chanky50 > 2019-06-24 12:24 | Report Abuse

Pinepac not even a single lot traded until now. At 0.315/0.325 only 10 buyers and 7 sellers, very funny. The Rm413 millions deal is to be concluded before end of September 2019. After deducting Rm34 million of loan from Directors, Rm127 million bank loan and Rm48 million 'Trade and other payables', it still have cash of Rm204 million. Divided by its issued shares of 150 million, that is cash of Rm1.36 per share. Is there a catch somewhere or there is something in the account that I don't understand or overlooked.

Posted by chanky50 > 2019-06-24 12:25 | Report Abuse

All the market Sifu, please advise.

Posted by iyin666 > 2019-07-01 19:53 | Report Abuse

PROPOSED UTILISATION OF PROCEEDS
The Proposed Disposal is expected to raise gross cash proceeds of RM413,574,302.49 million,
which are expected to be utilised as follows:

(1)Repayment of bank borrowings of PPM (1) Rm126,700
(2)Payment to all creditors of PPM, SKMP
and TRT Rm109,500
(3)Funding the existing oil palm plantation
business in Indonesia Rm70,000
(4)Dividend to minority shareholders in
PPM Rm2,400
(5)Working capital Rm74,974
(6)Estimated expenses Rm30,000
Total 413,574
Notes:
After paying to bank, creditors, suppliers commissions to agents, etc., nothing left for dividend.

Posted by MoneyShow3 > 2019-07-03 19:25 | Report Abuse

Independent advisors report is our and the board will proceed with the disposal.

Once the cash is in the bank and word gets around, there could be other biz proposals and a change in the utilisation.

Posted by Atlan > 2019-07-04 21:15 | Report Abuse

Cash rich soon. That is why no volume as no contra player.

Posted by Atlan > 2019-07-04 21:18 | Report Abuse

Got one seller at 33 sen trying to block a sudden surge in the price. A good strategy as it will give time for other investor to catch up n share the cake.

Posted by MoneyShow3 > 2019-07-08 23:38 | Report Abuse

Another 8 weeks. Doubt there would be any contra play, most buy and await the spike

Posted by chanky50 > 2019-07-10 16:30 | Report Abuse

If no spike how?

Posted by Atlan > 2019-07-13 09:07 | Report Abuse

Sure spike one as it will b a cash rich co.

Posted by apolloang > 2019-07-15 00:00 | Report Abuse

butaland more cash rich but only 0.44cts.....hahaha

Posted by Mone1 > 2019-07-22 10:45 | Report Abuse

So wait until September or what?

Posted by MoneyShow3 > 2019-07-24 19:55 | Report Abuse

no need to wait till Sept, next 2 to 3 weeks you will see something..

Posted by Richard Lee > 2019-07-24 20:26 | Report Abuse

this indian ah nie company susah la.

http://www.pinepac.com.my/aboutus/team.php

Posted by Atlan > 2019-07-25 17:29 | Report Abuse

Chanky50- u know now why every one is waiting..Is for the RM204m cash balance .

Posted by Atlan > 2019-07-25 17:31 | Report Abuse

Most people forget the high time when the disposal was announced.

Posted by MoneyShow3 > 2019-07-30 07:04 | Report Abuse

On 21 September 2018, United Plantations Bhd entered into 3 conditional sale and purchase
agreements (“SPAs”) with Pinehill Pacific Berhad’s group of companies to purchase agriculture
lands measuring approximately 8,999 acres together with a palm oil mill in Daerah Hilir Perak
for a total combined purchase consideration of RM413.57 million (“Proposed Acquisition”).
Barring unforeseen circumstances, we expect that this Proposed Acquisition will be completed
in August 2019.

3 wks to 60sen

Posted by Atlan > 2019-07-30 11:04 | Report Abuse

Good.

Posted by MoneyShow3 > 2019-08-12 13:16 | Report Abuse

Next week PINEPAC shld be moving to new highs...

Posted by osseng74 > 2019-08-14 11:06 | Report Abuse

Oh someone is pushing the price down to collect at cheaper price. Very dirty

Posted by MoneyShow3 > 2019-08-18 23:09 | Report Abuse

Yes no sellers, just someone throwing down and the closing at 30sen again. It would trigger a day or 2 before the money is paid. Watch for the announcements from United plnt, they will announce first and usually their announcements are clear and timely

Posted by MoneyShow3 > 2019-08-20 12:53 | Report Abuse

Starting to move...