If we have not sold at 1.7, 1.6, 1.5, 1.4, we should not sell now... Total scripts transacted between 1.89 till today is only a very small percentage of the NOSH. The serious collectors are absorbing every additional script. Eventually, you will see the day to day volume reduce in the weeks to come.... and there wont be sellers anymore... It always happen to good shares...TSH is slowly moving towards the same direction as it starts to attract long term investors. Perhaps a bonus issue is on the way. Last bonus issue was 2014. For a company with PE 11 as of now, shld be lower when results come out( I hope),
Ya.. the same old story lah... open slightly higher for 30 mins, the slide down.. after lunch further slide... then close lower again... same old exercise down to a targetted level everyday lah...
Bosses not buying, hence it s the operator game. can see how they press down level by level by throwing 100 and 200 shares each time to move the price down a bid. Next, they cont to do so.
After taking almost 4 months, TSH has finally concluded the proposed land disposal measuring 13,214.9ha located in North Kalimantan, Indonesia for a total disposal consideration of RP2,428.8bn (RM711.6m). The deal values the plantation land at an indicative EV of RM53,848/ha, which is deemed to be fair, in our view. Nearly 77% of the proceeds would be used to pare down its total borrowings of RM1.1bn. The Group is expected to record a one-off gain of RM400.3m, which is expected to be recognized by 1QFY23. Maintain Outperform call with an unchanged TP of RM1.81 based on 15x FY23 EPS.
To recap. On 10 Dec 2021 (refer to our report dated on 13th Dec 2021), TSH announced that its 90%-owned subsidiary had entered into a heads of agreement with PT Kawasan Industri Kalimantan Indonesia and PT Kalimantan Industrial Park Indonesia in relations to the proposed disposal of 7 plots of oil palm plantation land located North Kalimantan, totalling 13,214.9ha together with the uncertified land adjoining the plantation measuring 683.36ha for a total disposal consideration of RM711.6m. The proposed land sale, which are held under Hak Guna Usaha (Right to Cultivate) and Hak Guna Bangunan (right to build) have a total planted area of 3,818.8ha. It contributed FFB production of 74,244 mt in 2020, making up 9% of its total FFB production. Handsome gain in the bag. Back in Aug 2011, the original cost of investment was only RM181k. Stripping out the net book value of RM271m, as well as plasma settlement (RM20.5m) and estimated expenses for the proposed disposal (RM19.6m), the Group is expected to record a one-off gain of RM400.3m or 29sen per share and it is expected to be completed by the first quarter of 2023. Interestingly, the disposal consideration of RM711.6m represents a premium of 140.7% to the market value ascribed by the Valuer and it represents a premium of approximately RM440.5m or 162.4% to the audited NBV of the sale land of RM271.1m. However, the proposed disposal is regarded as a related party transaction and it is subject to the shareholders’ approval. To improve gearing levels. It our view, the proposed land disposal was timely in anticipation of the multiple global rate hikes amid high CPO price cycle. The expected proceeds of RM711.6m will bring down the Group’s net gearing from 0.45x to about 0.15x. About RM550m or 77% of the proceeds will be used to pare down its RM1.1bn borrowings. RM45m or 6.3% of the total proceeds will be used for undertaking new planting and replanting of 3,500ha of oil palm estates in Sumatera and Kalimantan over 2023-2024.
@ calvin tan... you are just begging to be made an example of!! Telling people to buy even at Rm1.89. When Jtiasa was Rm1.20 u made a bet with me that it will be Rm3.00 by year end. So let all here be witnessed to that. Go around all forums bragging about your hypothetical trades. Truly a narcissistic character!
Calvin never tell people to punt and do day trade but to invest longer term
Last year same naysayers were in Fgv forum when it was Rm1.30 and they kept harping that Fgv will drop below Rm1.00
Some fearful hands have thrown Fgv below Rm1.20 but we held on
Today Fgv is Rm1.77 and we received 8 sen dividend making it Rm1.77 + 8 sen = Rm1.85
in one year Price of Fgv rose from Rm1.30 to Rm1.85 for a nice 42% gain
We will reap a bountiful harvest from Tsh as well if you can buy and hold tight till Bulugan Regency lands are sold with Cash payment of Rm712 Millions and profit is 31 sen per share
This does not make us proud or to boast
We are here to give confidence and support to fellow investors of Tsh resources
Posted by Sunnyspon 20 mins ago but deleted by himself later: Average down is not the right way. ----------------------------------- Will be prepare to average all the way down to 5c if continue to drop so. Cut loss is not my option.
already warn you guys many times before, when you see promoter non stop promoting means run, especially that conman. plantation is glove 2.0, those that still in denial prepare to get burnt badly wakaka
Posted by sunnyspoon > 28 minutes ago | Report Abuse
Anyone know reason going down soooo fast????
.......................,............................................ Indonesia bans palm oil export and 80% of tsh palm oil land is in indonesia. Hence the rapid falling.
But the ban will not last forever. Indonesia is expected to lift the ban by end of this month. Personally i strongly believe indonesia will replace the ban with record high export tax and levy in order to subsidize the domestic cooking oil price.
Given msia's intention to cut export tax, i would say pure msia planter will outperform those indonesia counter part.
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....
Benhobenho
205 posts
Posted by Benhobenho > 2022-05-13 15:40 | Report Abuse
SOP already green