Posted by calvintaneng > 2022-04-15 15:08 | Report Abuse

Fcpo for may 2022 is above Rm6,600

Cost of Cpo production
Rm1600

if Cpo Rm3200
profit is 100%

cpo Rm4800
profit 200%

Cpo Rm6400
profit is 300%

we happily, merrily and safely holding palm oil shares

Posted by i3lurker > 2022-04-15 15:21 | Report Abuse

hopefully Kampung Vulgar Seller shorts it back to 92 sen for us to benefit

Posted by ImLearningFromSifu > 2022-04-15 15:24 | Report Abuse

haha... jangan lah.... later my pants dropped.... hehehe popi popi go higher ya... haha

Posted by i3lurker > 2022-04-15 15:25 | Report Abuse

hopefully
13 sen dividend/92 sen => 14.1% yield

Posted by titan3322 > 2022-04-15 15:30 | Report Abuse

I see red wine only

Posted by KingKoil > 2022-04-15 16:02 | Report Abuse

CPO up 3% today

Posted by i3lurker > 2022-04-15 16:41 | Report Abuse

the Theory of Conservation of energy says BPlant must drop 3% if CPO up 3%

Posted by Sslee > 2022-04-15 20:04 | Report Abuse

I3lurker,
The law of conservation of energy, states that energy cannot be created or destroyed but can be changed from one form to another.

So BPlant must drop 3% if CPO up 3% is called the law of conservation of momentum.

Example: As the gun is fired, a bullet shoots out of the gun and acquires momentum. To conserve the momentum of the system, the gun recoils. According to the law of conservation of momentum, the total momentum of the gun and the bullet will be zero after the gun is fired.

Posted by Jonathan Keung > 2022-04-15 21:08 | Report Abuse

Bplant 1Qtr result will be very very profitable. Average CPO price Jan 5,300, Feb5,900 , Mar 6,800 , Jan -Mar @ 6,000 Qtr . Less higher production cost at 2,000. Nett profit 4,000 per tonne. Kulai estate sales special dividend 10 cent + 5 sen ordinary dividend = 15 sen coming in May

Posted by brianklc > 2022-04-15 23:57 | Report Abuse

What’s ur assumption of div payout ratio to derive 15 sen net dividend payout?

Posted by Yippy68 > 2022-04-16 07:27 | Report Abuse

15 sen dividend, is like striking 4D first prize 70B 70S , really a big surprise

Posted by Yippy68 > 2022-04-16 08:21 | Report Abuse

thanks Bplant for his generosity, history repeat. surely game just started

Posted by brianklc > 2022-04-16 09:38 | Report Abuse

With 15 sen dividend and 60% dividend payout ratio, u need 25 sen EPS or 585mil PATMI, minus one-off gains 320mil, the normalised Q1 PATMI have to be 265mil… hence only sohchai will believe there is a 265mil normalised plantation profit/15 sen dividend for Q1

Posted by brianklc > 2022-04-16 09:42 | Report Abuse

Just simple maths and understanding of bplant current dividend payout policy will know if 15sen dividend holds water… surprised that got ppl straight jump in and believe…

Posted by Yippy68 > 2022-04-16 11:18 | Report Abuse

Get 15 sen , i may be happy for a while, dont get, i wont be hunger anywhere, . so, be happy lor,.
People want to give , no reason i simply refused mah.

Posted by brianklc > 2022-04-16 11:32 | Report Abuse

U ask Jonathan Keung pay u the shortfall vs the actual dividend u receive.

Posted by Yippy68 > 2022-04-16 12:57 | Report Abuse

Jonathan is just guessing . I do not take it so serious. no worry.

Posted by Yippy68 > 2022-04-16 12:59 | Report Abuse

haha. who know he has the ass luck to guess it right.

Posted by RJ87 > 2022-04-16 13:34 | Report Abuse

U follow enter at Rm1, u make 10%

u follow sorzai exit at RM1, u cut win 10%.

I can’t tell if it’s going to go up RM1.50 or drop back to RM1. But I know there is a 10-15sen dividend coming by June.
=======================
ImLearningFromSifu
plantationgameover haha aiyoyo.... tapi i really hope price can fly higher ma... or at least hold and dont drop ... hehehe i think today's plantation indices are affected by SIMEPLT... hope not affecting us here..
19 hours ago

Posted by brianklc > 2022-04-16 13:47 | Report Abuse

RJ, law of attraction, say it, bplant will hit RM1.50 by June, and it will happen…

Posted by RJ87 > 2022-04-16 14:02 | Report Abuse

PAT from land sale after tax and expenses around RM300m (very give face liao lo this estimate)

PAT from Palm oil RM100M * (RM6000/4500) = RM135M

Total PAT around RM435M. Divdend RM435M * 0.6 = RM 261M

RM261M dividend / RM2464 * RM1.10 = 11.65sen

BrianKLC. 12sen is a reasonable estimate. Or u want to argue also like last time again?

By june, I probably collected 15sen from my 70sen investment. My aim is to 30sen dividend for FY,22 by next year Mac. If price maintains above RM4500 for FY23. I will continue to collect 4-6 dividend for FY23.

With capital of 70sen, collect 25-30sen dividend. If price can close RM1.5(I’m not even asking RM25-RM26 like glove did). I would hv gain 80sen capital gain and 30sen on dividen on my 70sen capital.

So, i will strongly suggest any newbie to make similar calculation before calling yourself investor. Else, u are just a gambler.

Posted by brianklc > 2022-04-16 14:22 | Report Abuse

Per announcement at 28 Sep, land sales profit is 322m, I think subsequently they adjusted the land size n the profit is lower by 50k. Hence ur land sales estimation is lower by 30mil, my estimation on normalised plantation profit is 99-100mil taking into count additional cukai makmur 9% (24%-33%). Hence dividend payout for Q1 is circa 11-12 sen. What I am telling u is for u to come out with higher bplant price estimation as luck is with u. Remember ur estimation on Dec? Hopefully more positive things will happen in bplant, so call it, RM1.50 by Jun

Posted by RJ87 > 2022-04-16 14:37 | Report Abuse

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 14:39 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3196109

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.