Posted by Asia88 > 2016-03-11 18:49 | Report Abuse

Let put our Managing Director out of office this coming AGM. Profit drop so much and he hold so many directorship in many public listed companies and 1MDB.

Posted by wisdomtot > 2016-03-24 21:52 | Report Abuse

Heading to 3.50

Posted by Zeti Ting > 2016-04-06 22:32 | Report Abuse

BSTEAD AGM 2016 Story - http://mytownpharmacy.blogspot.my/2016/04/bstead-agm.html

Posted by Tang Khangseng > 2016-05-10 19:03 | Report Abuse

Anyone here who can expain about the recent announcement regarding its right? Mind to share your view and what's your take?

Posted by 860000 > 2016-05-11 09:56 | Report Abuse

Boustead has procured LTAT's, and deputy chairman and group managing director Tan Sri Lodin Wok Kamaruddin's commitment to subscribe to their full entitlements. This would ensure that Boustead will meet its minimum target for the rights issue, which is to raise RM641.5 million.

After that, the group will conduct a bonus issue, where two Boustead shares will be given for every five shares held after the rights issue.

(this should means if u hold 5000 shares, u can subscribe 2000 rights issue with RM2.55 each then get additional bonus issue...... at the end, u will have 9800 shares)... Boustead should be doing good at MyTown as the Ikea2 always full of people. Seems also got hope from AES implementation.

Posted by ivan9511 > 2016-05-11 14:43 | Report Abuse

ri . only 2.55, this will make the price drop one wor , can be near 3 ?

Posted by 860000 > 2016-05-11 15:01 | Report Abuse

rights issue only 2.55 + bonus issue... value sure adjust lower

Posted by Tang Khangseng > 2016-05-11 15:35 | Report Abuse

Thanks 860000, do u think it's now a good idea to buy in more share?

Posted by windwong > 2016-05-11 16:10 | Report Abuse

it depends on how u look at the stock. the company is in a bad shape now. But looking forward, it has potential. especially in pharmaceutical arm. its BHP is not link with oil price but as retailer, so solid income. heavy machinery, plantation I have no idea. This is a GLC company and its chairman is also 1MDB chairman. If najib still in power, it should have no problem.

Posted by 860000 > 2016-05-11 16:30 | Report Abuse

I think should be okay to buy because
- BHIC last year had bad losses from cut loss on its business (this supposed to be only 1 time)
- Palm oil price better this year as compared with last year
- MyTown should be doing good if we look at the crowd at Ikea2
- AES implementation could be a big boost

Posted by Tang Khangseng > 2016-05-11 21:19 | Report Abuse

Thanks to both of you, windwong & 860000.

Posted by jonatlau79 > 2016-05-12 11:52 | Report Abuse

Now Start Planting...Then Wait For Harvesting...Plant 1 Year (2016)...Harvest 3 Years(2017-2019)

Posted by wisdomtot > 2016-05-13 09:28 | Report Abuse

Dropped more than I expected..hmmm

wisdomtot Heading to 3.50
24/03/2016 21:52

Posted by Tang Khangseng > 2016-05-15 10:34 | Report Abuse

It's really a value buy right now, for every 1000 shares bought, you are gonna get additional 400 shares end of the day when they issue the bonus of 2:5. The actual price of current stock is about 2.35, lower than the value of proposed rights, I wonder how this could happened if not every one are so bear on this counter. What do u think?

Posted by NavinShah > 2016-05-15 14:07 | Report Abuse

Really frannkly speaking, Malaysian Stock Market is no for soft
hearted people. Everday a new scandle is discoverd. The goverment
is weak. Because they themselves are not capable to handle such
a sitution.

Posted by 860000 > 2016-05-18 14:28 | Report Abuse

the rights is before bonus issue... i mean the rights issue will be entitle for bonus too... so "Tang Khangseng" point is not so correct

Posted by W2CD > 2016-05-18 16:16 | Report Abuse

By right, after the Rights Issue and the Bonus Issue, the theoretical ex-all should be RM2.20 per share. For every 1,000 share you have, you will have to subscribe 400 shares from the Rights Issue @ RM2.55 per share, then you will get 560 shares from the Bonus Issue. You will end up with 1,960 shares after all is completed.

Posted by crossroad > 2016-05-20 09:09 | Report Abuse

bursa made a mistake on the ex-rights price? RM3.05 did not take into account the 2 for 5 bonus?

Posted by wafu > 2016-05-20 09:21 | Report Abuse

Anybody know what is happening with Boustead?

Posted by 860000 > 2016-05-20 09:30 | Report Abuse

boss... bonus issue is after rights issue la... so the ex-rights sure not take into account for bonus

Posted by W2CD > 2016-05-20 09:36 | Report Abuse

Yah, RM3.05 should be only "ex-rights" (without the Bonus Issue). I think once the Bonus is implemented, they'll do another calculation for the "ex-bonus".

Posted by wafu > 2016-05-20 09:36 | Report Abuse

W2CD, how to subscribe for the 400 shares from right issue?

Posted by W2CD > 2016-05-20 09:42 | Report Abuse

haha! if you have shares in Boustead now, you are entitled to get 2 rights shares for every 5 you are holding now. That form will sampai your house.

Posted by crossroad > 2016-05-20 09:45 | Report Abuse

must be now buy bstead still get the bonus shares....

Posted by Mat Cendana > 2016-05-20 12:28 | Report Abuse

I would have liked to hold on to Bstead shares and subscribe to the rights issue. Despite the steady fall over the past few weeks. And regardless of the past few quarter results. This is one if the counters I'd want to have in the "Investment" portfolio (as opposed to "Trading/Speculating").

But I'm rather concerned with my type of account with Maybank IB. It's considered a Pledged Account, not direct. That means dividends, bonus, rights don't come directly to me - they would be from Maybank IB. Dividends are at least 3 working days later from the payment date. As with bonus issues, share splits. I never receive any annual reports or anything. Unlike my wife who has a Affin-Hwang IB account (higher minimum fees). My concern is that I might not receive the rights form on time, unlike those with direct accounts.

I guess I should just wait this out. Let the price be adjust for ex. rights and bonus first before buying again.

Posted by 860000 > 2016-05-20 12:36 | Report Abuse

Hi Mat Cendana,
I feel that you get the wrong idea of your mbb acc.. You will never receive any letter for rights issue at all.

Mbb staff will contact you to ask you whether to subscribe rights issue or not. Else you have to contact them to subscribe. You do not need to fill in form at all.

Furthermore, you are too late. Today already ex-rights.

Posted by Tang Khangseng > 2016-05-20 13:00 | Report Abuse

RENOUNCEABLE RIGHTS ISSUE OF UP TO 413,671,221 NEW ORDINARY SHARES OF RM0.50 EACH IN BOUSTEAD HOLDINGS BERHAD (BHB) (BHB SHARES) (RIGHTS SHARES) ON THE BASIS OF 2 RIGHTS SHARES FOR EVERY 5 EXISTING BHB SHARES HELD AS AT 5.00 P.M. ON 24 MAY 2016 AT AN ISSUE PRICE OF RM2.55 PER RIGHTS SHARE (RIGHTS ISSUE).

860000, I thought last day on 24.5?

Posted by 860000 > 2016-05-20 13:21 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5089449

EX-date 20 May 2016

Posted by beso > 2016-05-20 14:47 | Report Abuse

tp 2.00

Posted by W2CD > 2016-05-20 15:03 | Report Abuse

The date where it is traded ex-right is 20 May 2016 (i.e. today, that's why the share price is down).
If you want to subscribe for the Rights Shares, you must be a shareholder by 24 May 2016.
The prospectus and forms will be sent out on the 26 May 2016.
Last day to accept the Rights Shares allocated to you is 8 June 2016.

Btw, if you decide not to subscribe the Rights Shares, you can always sell off the OR.

Posted by W2CD > 2016-05-20 15:11 | Report Abuse

Mat Cendana, you still have up to Tuesday, 24 May 2016 at 5.00 pm to buy the shares for you to be entitled to the Rights Shares.

Posted by 860000 > 2016-05-20 15:34 | Report Abuse

Please refer to this blog for ex-date vs entitlement date
(Note: this is not my blog)
http://koonhoo.blogspot.my/2011/03/ex-date-entitlement-date.html

Posted by W2CD > 2016-05-20 15:45 | Report Abuse

I wish we all can read chinese. What does it say?

Posted by Mat Cendana > 2016-05-20 15:46 | Report Abuse

@860000 @W2CD The uncertainty about my subscribing the rights issue was precisely the reason why I decided to sell first some weeks ago. It was at almost RM4 at that time so I have nothing to regret, I suppose. As W2CD mentioned, I think that's the correct ex. date for the rights. Last week I had checked at Bursa's website. Because I was still itching to buy Bstead as well as to subscibe. Not to mention the bonus issue.

It's times like this that you'd appreciate a direct investing account, not pledged. But never mind - I think I'll just stick to the original plan and wait for the adjustments first. Have to pass the rights and bonus.

Thanks for your responses.

Posted by Mat Cendana > 2016-05-20 16:00 | Report Abuse

By the way, have to admit that the attraction is also emotional. Especially some of Bstead's assets. I like The Curve and the Mutiara Damansara area, plus BHP. It feels good to have a slice, even if it's very small, via Bstead.

On the more objective side, Bstead had consistently rewarded investors with regular dividends. And I expect this to continue although the quantum may not be as a few years ago due to the current economic conditions. But the share price now is definitely attractive. This is the kind of counter that institutions tend to buy. And when things get better, I certainly will want to have a significant amount of Bstead shares in my portfolio.

Posted by murali > 2016-05-20 16:02 | Report Abuse

When or listed next week shall hv some selling pressure on mother shares...but i think below rm3 worths a buy

Posted by murali > 2016-05-20 16:07 | Report Abuse

After Bonus issues (5:2B) yr average cost is only ard RM2.15....where to find...

Posted by Mat Cendana > 2016-05-20 17:55 | Report Abuse

That seems to be the tendency nowadays. Counters would go up after news of a bonus issue (or a bit earlier due to insiders buying). But after the exercise, the price goes down. With Bstead's rights and bonus, things are rather muddled when the price started to slip from around RM4. Like rolling dices. Which is why I'm waiting for the adjustments first. This counter will be a genuine investment in that I hope to be holding for longer than I would. I don't expect to get at the very bottom. "Reasonable" should be fine enough.

Posted by murali > 2016-05-20 18:00 | Report Abuse

As long as they continue to pay div...even at 0.10 after bonus issues

Posted by ivan9511 > 2016-05-20 18:18 | Report Abuse

murali you seem very good at here, can I know now is good to enter please ?

Posted by Tang Khangseng > 2016-05-22 10:38 | Report Abuse

LTAT had acquired 40,000 of its own stock, I wonder why?

Posted by W2CD > 2016-05-23 11:11 | Report Abuse

Bro, LTAT bought 40,000 of Boustead shares.

Posted by Mat Cendana > 2016-05-25 09:37 | Report Abuse

Today is the ex date for the rights issue, isn't it? And the price now is the final adjustment...?

Posted by W2CD > 2016-05-25 09:45 | Report Abuse

20 May 2016 is the ex-date. Today, 25 May 2016, trading of the OR commence. Means if your name appears as a shareholder yesterday, you will have an OR allocation today.

Posted by 860000 > 2016-05-25 09:49 | Report Abuse

today dropped probably due to 1mdb..zzz

Posted by 860000 > 2016-05-25 09:53 | Report Abuse

although 1mdb has no business relationship with boustead

Posted by J2529 > 2016-05-25 09:54 | Report Abuse

ohnnooo

Posted by Angielim9955 > 2016-05-25 10:10 | Report Abuse

Anyone know what happened today. My heart near jump out . Why my favorite counters dropping like hell ?

Posted by okdoke > 2016-05-25 10:28 | Report Abuse

Has fundamental turn bad for this company? Icap has invested in this company ..corect me if I am wrong?

Posted by kinfatt999 > 2016-05-25 10:30 | Report Abuse

petronm also same drop like shit because oil price low