Posted by brianklc > 2022-04-16 14:40 | Report Abuse

428m is CASH CONSIDERATION, 332m is GAIN

Posted by brianklc > 2022-04-16 14:41 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3225917

Posted by brianklc > 2022-04-16 14:42 | Report Abuse

Cash consideration lower by 50k due to adjustment of land size

Posted by brianklc > 2022-04-16 14:43 | Report Abuse

No corporate tax for land sales

Posted by Silemak > 2022-04-16 16:55 | Report Abuse

At 1.10 dividend of 10 Sen is 9% per annum. If keep for 3 months is 36% per annum Excluding Capital Gain!!!
1st qtr result will be the best ever plus land sale, expect bumper dividend!!!!

Posted by brianklc > 2022-04-16 16:55 | Report Abuse

Conclusion, there’s HUGE diff between CASH CONSIDERATION vs GAIN, there are cost of assets disposed…

Posted by brianklc > 2022-04-16 16:58 | Report Abuse

It’s clearly stated in Pg10 of 28 Sep announcement

Posted by RJ87 > 2022-04-16 17:19 | Report Abuse

Did I put PAT 430M or 300M from land sale? If I’m putting 300M from land sale, then who is disagreeing with you?
————————————
Conclusion, there’s HUGE diff between CASH CONSIDERATION vs GAIN, there are cost of assets disposed…

Posted by RJ87 > 2022-04-16 17:23 | Report Abuse

the size of the land area has been agreed by both parties and the final Disposal Consideration shall be RM428.77 million (compared to RM428.82 million as stated in the Announcement)

So the the cash consideration adjustment u making a hu ha about is 0.1M only or there is something else?

Posted by brianklc > 2022-04-16 17:57 | Report Abuse

RJ87
I don’t think i can come out with unfair estimates. 10-15sen is my estimate. Most probably 11-12sen as I calculated.

PBT of 430M from Landsale, 135M from CPO (if you don’t mind BrianKLC, do share with me the news on landsale adjustment)

0.24* 100M = 24M, 0.33 * 430M = 108.9M, Total tax = 133M

PBT = RM 530M, after 133M tax, PAT 396M. Dividend is 0.6* 396M = RM240M

RM240M dividend / RM2464 * RM1.10 = 10.7sen

Let me check if land sale will also fall under 33% chargeable income for cukai makmur.

Posted by brianklc > 2022-04-16 17:59 | Report Abuse

2nd para “ PBT of 430M from Landsale, 135M from CPO”

Posted by brianklc > 2022-04-16 18:02 | Report Abuse

RJ, I did not make hoo ha, I just said the final consideration being adjusted down 50k, to me I just mentioned, n u asked for the announcement, which I gave u the link, though I don’t understand why u need supporting for such a small adjustment.

Posted by brianklc > 2022-04-16 18:05 | Report Abuse

So after gave u the announcement for the RM50k adjustment, u bite me back. Fair?

Posted by brianklc > 2022-04-16 18:15 | Report Abuse

So u got mention “ PBT of 430M from Landsale”, no?

Posted by brianklc > 2022-04-16 18:19 | Report Abuse

Y ur Q1 profit estimation is close to mine is because u assumed sales considerations as gain, but it gets offset whn u thought gain from sales are subject to corporate tax

Posted by Yippy68 > 2022-04-16 23:26 | Report Abuse

within 5 sen to 8 sen should be okay to me. but can get more even better.

Posted by Yippy68 > 2022-04-17 08:30 | Report Abuse

Practically the amount is determined by the management, may not be exactly same as what we work out,

Posted by brianklc > 2022-04-17 12:25 | Report Abuse

Yippy, yeah, let’s hoped for the best. Elections coming… more cash is needed to make LTAT contributors happy…

Posted by RJ87 > 2022-04-17 12:29 | Report Abuse

if it 50k per hectare. Then, it’s worth mentioning. 50k out out of 430M.

No wonder I don’t bother remember.

brianklc
RJ, I did not make hoo ha, I just said the final consideration being adjusted down 50k, to me I just mentioned, n u asked for the announcement, which I gave u the link, though I don’t understand why u need supporting for such a small adjustment.

Posted by RJ87 > 2022-04-17 12:35 | Report Abuse

U can scroll all the way back to Dec when u even doubt the sale will follow through and you asked me not to place my hope too high not to be disappointed.

My stand always Rm430M landsale and 300M profit. My calculation always consistent.

Anyway, I made the calculation considering different kinds of hu ha. It still works out to be between 10-15sen. Likely 11-12sen dividend. This has been consistent since last Dec too.


brianklc
Y ur Q1 profit estimation is close to mine is because u assumed sales considerations as gain, but it gets offset whn u thought gain from sales are subject to corporate tax

Posted by RJ87 > 2022-04-17 12:38 | Report Abuse

That’s why I think my hope that bplant will reduce its debt after land sale is axed.

I personally rather bplant reduce its debts and save 10-15m finance cost.

That will improve bplant valuation way better than paying dividend.

Either way, as long got many to make is good for everyone.

================
brianklc
Yippy, yeah, let’s hoped for the best. Elections coming… more cash is needed to make LTAT contributors happy…

Posted by stockraider > 2022-04-17 13:10 | Report Abuse

Put it this way loh!
Bplant will make 14 sen from disposal of kulai land in this mar22 qtr loh!
Plus the expected plantation earnings of about 5 sen from normal earnings....the expected eps is about 19 sen for qtr mar22 loh!

For the whole year22 BPlant can make about 18 sen....plus 14 sen from disposal of land that will be EPS 32 sen loh!

Say Bplant retained 50%...........that will mean it can afford div rate of 11 sen to 15 sen loh!

This is a big jump from div 8.4 sen in 2011 loh!

Bplant tp can be above Rm 2.00 loh!

Lu tau boh ???

Posted by stockraider > 2022-04-17 13:13 | Report Abuse

Btw Lu Tau Boh....even bplant pays debt n reduce it .....still can afford to pays div 15 sen loh!
Bcos debts....can be reduced from 50% retained earnings loh!

Posted by RJ87 > 31 minutes ago | Report Abuse

That’s why I think my hope that bplant will reduce its debt after land sale is axed.

I personally rather bplant reduce its debts and save 10-15m finance cost.

That will improve bplant valuation way better than paying dividend.

Either way, as long got many to make is good for everyone.

================
brianklc
Yippy, yeah, let’s hoped for the best. Elections coming… more cash is needed to make LTAT contributors happy…

Posted by brianklc > 2022-04-17 13:26 | Report Abuse

See if SP Setia will buy over the remaining prai land from bplant this yr…

Posted by stockraider > 2022-04-17 13:40 | Report Abuse

Not necessary SP Setia loh!

Any co can offer the best price to their Prai land....Bplant are willing to sell to the party mah!

Posted by brianklc > 12 minutes ago | Report Abuse

See if SP Setia will buy over the remaining prai land from bplant this yr…

Posted by RJ87 > 2022-04-17 15:54 | Report Abuse

Nvm…either way…

Dumb dumb hold. Come back see 2023.

Posted by Yippy68 > 2022-04-17 18:48 | Report Abuse

wau tau lah.. bplant mau buat semua kaya.

Posted by calvintaneng > 2022-04-18 00:25 |

Post removed.Why?

Posted by i3lurker > 2022-04-18 10:10 | Report Abuse

I am surprised got good buying support for BPlant today despite rest day tomorrow

Posted by wallstreetrookie > 2022-04-18 15:48 | Report Abuse

Heavy buying volume

Posted by wallstreetrookie > 2022-04-18 15:50 | Report Abuse

Lagging behind other small caps

Posted by Plantermen > 2022-04-18 17:45 | Report Abuse

Jan - Mar { 1st Qtr production } in line with trade forecast
March. 66,856 Mt FFB
T/Date. 195,882 Mt FFB
CPO. 39,176 Mt {Est}

Posted by Johnzhang > 2022-04-19 10:10 | Report Abuse

I think Q1 2022 EPS from operations will be about 3.5 sen ( Q1 2021 was 0.55 sen only).
Kulai land sales will bring in 14.2 sen/share.
Overall EPS Q1 2022 will be 3.5+14.2 =17.7 sen.
I will be very happy to receive 5 sen 1st interim dividend. Anything more is big bonus.
Explosive earning will come in Q2 when both production volume and CPO price are higher.

Posted by brianklc > 2022-04-19 11:00 | Report Abuse

Very realistic assessments.

Posted by stockraider > 2022-04-19 13:35 | Report Abuse

Div coming should be really good loh!

Posted by james70 > 2022-04-19 16:56 | Report Abuse

From Zerohedge: Corn Exceeds $8 A Bushel For First Time In Decade On Shortage Fears

High food prices are here to stay for the near to mid term. CPO prices should be buoyant. After 6 months of high prices, more analysts will start to revise their low CPO price forecast. Kind of short sighted of them.

Posted by calviniswrong > 2022-04-20 07:25 | Report Abuse

Sell

Posted by Yippy68 > 2022-04-20 07:40 | Report Abuse

hahaha, Calvin, you are wrong asking to sell, then, it should be right to BUY, am i wrong ?

Posted by brianklc > 2022-04-20 08:22 | Report Abuse

Niamah, gameover using new id n wake up so early

Posted by krish52 > 2022-04-20 08:29 | Report Abuse

if good dividend is good for everyone especially retiree like me.

Posted by Jonathan Keung > 2022-04-20 09:36 | Report Abuse

Ringgit at a new low
USD @ 4.28/4.29

Posted by i3lurker > 2022-04-20 09:42 | Report Abuse

locals are desperately dumping off to let foreigners get the dividends

Posted by i3lurker > 2022-04-20 09:50 | Report Abuse

due to extra huge dividends, this round shud exceed 1.20

Posted by wallstreetrookie > 2022-04-20 11:37 | Report Abuse

Sure

Posted by Ayambrand > 2022-04-20 11:39 | Report Abuse

where gameover? sembanggggggg

Posted by RJ87 > 2022-04-20 11:44 | Report Abuse

if he shorted since RM1, he is pissing in his pants.

if u want short. Short at RM2 la. Better chance to make money like how you short TG at RM25. Confirm win.
========================================
Ayambrand

where gameover? sembanggggggg

1 minute ago
========================================
brianklc

Niamah, gameover using new id n wake up so early

3 hours ago

Posted by wallstreetrookie > 2022-04-20 11:46 | Report Abuse

Let's go

Posted by wallstreetrookie > 2022-04-20 11:48 | Report Abuse

BPlant

Posted by wallstreetrookie > 2022-04-20 11:50 | Report Abuse

RM1.50 by end of April

Posted by RJ87 > 2022-04-20 11:51 | Report Abuse

Dunno who jiak 500K shares and 300K shares one go.
Sick.