One question pleassss, let's say "IF" the deal really call off, is this share still worth to keep for long term?As because it is one of the cheapest plantation shares, any thoughts please?
The main problem is when will this mau sang wang ripen. The holding and waiting part can be very frustrating. And for those hit and run investors, this buy and wait is not an efficient way of managing their limited capital.
The lucky one was the one that read Calvin's article for the fist time recently and moved in at 40+ sens just before Duta moved. The unlucky one was the one that read Calvin's articles many many months ago also for the first time and also moved in at 40+ sens but sold them also at 40+ sens just before it moved.
Type Announcement Subject OTHERS Description BOUSTEAD PLANTATIONS BERHAD ("BPB" OR "COMPANY")
INTENTION TO ACQUIRE LAND MEASURING A TOTAL OF 11,579.31 HECTARES IN THE DISTRICT OF LABUK AND SUGUT, SABAH FOR A TOTAL CASH CONSIDERATION OF RM750 MILLION
The terms used herein shall have the same meaning as those defined in the announcement dated 22 August 2017, unless otherwise stated.
We refer to the announcement dated 22 August 2017 in relation to the Intention to Acquire.
The Board of Directors of BPB wishes to announce that BRNSB had, via its letter dated 6 October 2017 to the Vendor, agreed to purchase the Plantation Asset subject to terms and conditions to be mutually agreed by the parties and the signing of a sale and purchase agreement ("SPA") to be executed within 30 days from 6 October 2017.
The said letter is not intended to be legally binding until and unless the SPA is entered into by all parties relevant to the Plantation Asset.
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....
Sky Liew
940 posts
Posted by Sky Liew > 2017-10-05 09:29 | Report Abuse
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