if you are IOI boss, MYR830 Million buy only Dutaland plantation at myr49,000 per hectare or use same money buy whole Dutaland which market capital only myr400million++ so far. why one will you opt?
IOI called off the proposed acquisition because during the due diligence audit conducted by them they found that there was hardly any planted trees on the plantation land.
Dutaland desperately wants to dispose the plantation land in Sabah which was inherited when it took over Mycom in order to finance the development of Kenny Heights. Problem is no one wants to want buy plantation land with hardly any trees.
TheContrarian Dutaland desperately wants to dispose the plantation land in Sabah which was inherited when it took over Mycom in order to finance the development of Kenny Heights. Problem is no one wants to want buy plantation land with hardly any trees. 11/05/2017 17:06 .............................. pussycats→ Hardly any trees on Duta plantation, means WE need Duta to plant more palm oil trees b4 l am gong to buy. Buy now money stucks here saja . Some more no dividend. I DON'T BUY NOW. ;-D
A Huge RM261 Millions worth of biological assets. Biological assets do not refer to the 29,000 acres land but the oil palm trees now planted these. The oil palm trees are worth Rm261 Millions. So there are now lots and lots of Trees.
Another check on last quarter result showed that revenue has jumped from Rm10 millions to Rm14 millions - an increase of Extra 4 millions from increasing fruit harvest!!
So this quarter we expect even better results.
At first Calvin thought Dutaland might use income from CPO to support building of 6 STAR GRAND DUTA HOTEL IN KL GOLDEN TRIANGLE.
BUT ASSETS DISPOSAL OF KENNY HEIGHT LANDS FOR RM150 MILLIONS GENERATE A SURPLUS RM28 MILLIONS FOR DUTALAND.
SO RM28 MILLIONS WILL GO TO TAKE CARE OF GRAND DUTA HOTEL BUILDING WORK.
NOW WE LOOK FORWARD TO SPECTACULAR RESULTS FROM CPO AND FFB (FRESH FRUIT BUNCH) SALE?
Calvintan →A Huge RM261 Millions worth of biological assets. Biological assets do not refer to the 29,000 acres land but the oil palm trees now planted these. The oil palm trees are worth Rm261 Millions. So there are now lots and lots of Trees.
Another check on last quarter result showed that revenue has jumped from Rm10 millions to Rm14 millions - an increase of Extra 4 millions from increasing fruit harvest!! ................................... pussycats →RM261 Millions worth of biological assets ??? or maybe RM261 millions worth of mark up value of palm trees. Why l say this? Bcos if Rm261 millions worth of biological palm oil trees, why they only produce Rm14 millions worth of palm oil revenue??? Should produce more revenue. So Rm261 Millions bio asset = a medium quantities only not a large quantities of palm oil trees. SAD SAD SAD
Calvin can u tell us here what is the roughly quantity of palm oil tree Duta has? So that we are convince here.
it is VERY VERY SAFE counter ! Its has turn from highly gear to almost no gearing ! Its NTA stands at RM1.10, more than 50% cushion. Shareholders are continuing buying and accumulating. Cannot drop further anymore. What is down must up eventually
These are the top share holders of Dutaland shares
1) .Kenny Heights Developments Sdn Bhd 2) Duta Equities Sdn Bhd 3) Pacific Element Sdn Bhd 4) Duta Equities Sdn Bhd 5) Multi purpose Credit Sdn Bhd 6) Long Set Investment (Hong Kong) 7) Seni Kasuari Sdn Bhd 8) Symphony Palace Sdn Bhd 9) Sabah Development Bank 10) TA FIRST CREDIT SDN BHD 11) Teoh Guan Kok & Co Sdn Bhd 12) Tan Aing Joo 13) British Image Sdn Bhd 14) Seni Kasuari Sdn Bhd 15) Lim Kok Thay (Of Genting Group) 16) Teoh Liang Huat 17) Katong Assets Limited (Hong Kong) 18) Lim Pei Tiam @ Lim Ahat Kiat 19) Goh Kim Kooi 20) OSK EQUITIES HOLDINGS SDN BHD 21) NG LEE LING 22) Ng Teng Song 23) Phua Jin Hock 24) Lim Pay Kaon 25) Goh Kim Kooi 26) Fong Lai Ying (Sister of Fong Shiling or ColdEye? - one buddy asked?) 27) Lai Ming Chun @ Lai Poh Lin 28) Kong Yee Ling 29) Safari Bird Park & Wonderland Sdn Bhd 30) DBS VICKERS SEC (Singapore) Pte Ltd for Low Whee Khoon
Interesting names are
1) TA FIRST CREDIT 2) OSK EQUITIES 3) SABAH DEVELOPMENT BANK 4) Lim KOk Thay (Genting Group) 5) Fong Lai Ying (Sis of Fong Shiling?) 6) Lim Pei Tiam @ Lim Ahat Kiat
Lim Pei Tiam is a savvy investor which also invested in Super Enterprize (he chased this from Rm1.25 to Rm3.75 until taken private) Pohuat (He bought until he is the Top Shareholder of Pohuat)
Look at his profile (taken from Pohuat Annual Report)
MR LIM PEI TIAM @ LIAM AHAT KIAT
Director (Non-Independent Non-Executive Director) Mr Lim Pei Tiam @ Liam Ahat Kiat, Malaysian, male, aged 70, was appointed as a Non-Independent Non-Executive Director of the Company on 24 April 2014.
Mr Lim has 20 years of experience in a large commercial bank in Malaysia and held various positions throughout his career with the bank. Mr Lim is a member of the Chartered Institute of Bankers, London and a member of the Asian Institute of Chartered Bankers, Malaysia.
He is not a director of any other public company but is a director of several private limited companies. He has no family relationship with any Director and/ or major shareholder of the Company.
Lim Pei Tiam has over 20 years as a Banker. So he sees Value in Dutaland. He has been holding tightly his 4.9 million Dutaland shares.
Both Super Enterprize & Pohuat (power huat) made Lim Pei Tiam (and Calvin 200% profit)
SEE IF BY JOINING LIM PEI TIAM WE CAN ALSO MAKE 200% FROM DUTALAND?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Apollo Ang
3,181 posts
Posted by Apollo Ang > 2017-05-01 19:41 | Report Abuse
u talk to me I talk to u lah, woi u haven't say why IOI deal fell through?