Posted by brianklc > 2023-06-10 09:03 | Report Abuse

Seeing Terrencelim past comments, apa lc also he is expecting privatization la, take over la, and most of the announcement next week

Posted by LubeTrader > 2023-06-10 10:00 | Report Abuse

Privatisation of Bplant?
Who's going to do that now? LTAT? They already have their hands full with Boustead Holdings. Maybe one day that may happen but I doubt it's now.
If the parent is taken private, is it mandatory to do so for all it's wholly own subsidiary?
There are other options to unlock value in the company such as sale of assets (particularly those non-strategic ones), etc.

Posted by NorazmiAR > 2023-06-10 11:27 | Report Abuse

I think insider news already spread out that Boustead going to sell Bplant land or take it private after increasing its stake in Bplant by fully owning Boustead. LTAT might go to fully fund management route like PNB and KWSP instead of managing company which they over many years shown have failed miserably.

The government already fully took over Boustead Naval Shipyard which builds all the Littoral Combat Ship (LCS). Bplant with its immense land tressure will be capitalised by LTAT to reduce its debt and invest in other companies in Malaysia and foreign market just like KWSP

https://www.nst.com.my/news/nation/2023/05/913626/lcs-project-govt-begin-process-taking-over-boustead-naval-shipyard

Posted by NorazmiAR > 2023-06-10 11:28 | Report Abuse

LTAT already took advantage of Boustead by taking it private at a suppressed price of only 85.5 cents. In comparison to the last 10 years price (2013), the share was trading at RM5.20. Any main shareholder will want to take advantage of its company when it is at the lowest price range when market don't value the company at the intrinsic value. If market price the share as penny stock while its NTA more than double the price, might as well main shareholder take it private to take full advantage of the company value

https://www.klsescreener.com/v2/stocks/chart/2771

Posted by NorazmiAR > 2023-06-10 11:29 | Report Abuse

Boustead value at only 2 companies Bplant and Affin already more than 85.5 cents. Not yet including other companies and its privately held land, business and other asset.

Posted by NorazmiAR > 2023-06-10 11:29 | Report Abuse

https://www.nst.com.my/business/2023/05/910546/ltat-firmly-track-privatise-boustead-now-owns-over-90pct-stake

"The completion of the privatisation exercise will allow LTAT to accelerate the turnaround of Boustead, as part of its larger goal to rebalance its investment portfolio and ensure the funds longterm sustainability.

"The turnaround will entail the restructuring of the group, rationalisation of its debt obligations and implementation of value creation activities," he added.

Posted by NorazmiAR > 2023-06-10 11:29 | Report Abuse

Please read the above carefully and make out your judgement on potential of what LTAT want to do with BPlant

Posted by calvintaneng > 2023-06-10 14:23 |

Post removed.Why?

Posted by speakup > 2023-06-10 15:28 | Report Abuse

Calvin is right. Kseng properties still all at ancient old market values

Posted by Berlin > 2023-06-10 16:33 | Report Abuse

@Calvintaneng; Go and analyse the contents of Kenanga Investment Bank's 150 page independent advice circular dated 17 April 2023 before you give "buy kaw kaw, die die hold" type of one liner views. Then explain why minorities accept a "not fair" offer of 85.5 sen when Boustead's fair value is calculated by Kenanga to be in a range that is double that low ball figure.

Posted by calvintaneng > 2023-06-10 18:17 |

Post removed.Why?

Posted by brianklc > 2023-06-10 22:52 | Report Abuse

Calvin, go join Bursa, they need u

Posted by calvintaneng > 2023-06-10 23:42 | Report Abuse

Blog: CALVIN TAN ON MALAYSIA 2ND HALF 2023: WHERE TO PUT YOUR MONEY IN LIGHT OF RECESSIONARY TIMES, Calvin Tan

https://klse.i3investor.com/web/forum/forum-thread/608590187

Posted by TerrenceLim > 2023-06-11 00:39 | Report Abuse

To brianklc

We wait and see..

Time will prove who is talking cock

Take over offer is real

Is whather got any last min changes on the offer price only

But what i can confirm is sure higher than 1

Posted by brianklc > 2023-06-11 09:56 | Report Abuse

Terrence, it’s obviously u! Lots of ur privatization and take over calls already expired. What happen to Parkson,Yong Tai, Transnational?Suggest u change the expiration to 1 month.

Posted by brianklc > 2023-06-11 09:59 | Report Abuse

As u give so many calls, inevitably there will be some come true, thn u will say “I told u so”… but for now, how many of them actually happen?

Posted by Berlin > 2023-06-11 10:04 | Report Abuse

Privatization is a possibility and doable as after Boustead Holding's acquisition, LTAT's effective stake in Bplant is 68% leaving some 716 million shares in minority hands, none of whom hold more than 1%. Question is when and at what price. Last Friday's market action is definitely linked to such speculation. Let's see what next week's action brings.

Posted by brianklc > 2023-06-11 11:38 | Report Abuse

Have bstead privatization completed? Kindly note the remaining shares in circulation for bplant is worth way more than LTAT’s FCF even at the current price. Meaning LTAT will have to borrow to acquire bplant shares, and to borrow again to pay to dividend, given CPO price no good, LTAT can only depend on Affin dividend… how much cash is left after bstead privatization? Hence what’s the urgency to privatise bplant?

Posted by brianklc > 2023-06-11 11:41 | Report Abuse

Same logic as to, will u buy a new house and car within the same year when u can’t even certain of your job security?

Posted by Albukhary > 2023-06-11 12:55 | Report Abuse

Only 3 possibilities to justify the share surge on last Friday :-

1) Substantial Land Sales and Special Dividend / Capital Repayment
2) Bstead to privatise Bplant
3) Bonus issue

Posted by brianklc > 2023-06-11 16:00 | Report Abuse

4) Manipulation by sharks, to dispose at higher price

Posted by Johnzhang > 2023-06-11 17:57 | Report Abuse

From Boustead holding privatization experience, LTAT knows there is no better timing to privatize Bplant cheaply than now .

To fund the privatization, I think LTAT has enough resources. I suspect negotiation for some major land/estate disposal may be concluded soon and the proceeds will come in very handy to pare down loan .

I think privatization will happen before any major asset disposal concluded as LTAT hope to pocket all the disposal proceeds.

Posted by brianklc > 2023-06-11 19:02 | Report Abuse

You think, you suspect… it’s nothing more than pure speculation… let’s wait and see than…

Posted by Johnzhang > 2023-06-11 19:53 | Report Abuse

Haha… Nothing wrong to think ,suspect and speculate . It is very normal for anyone to form a view based on public information available.

Please share with us your concrete information leading to your belief that it was shark’s manipulation. Or it is your pure speculation too ?

Posted by brianklc > 2023-06-11 21:44 | Report Abuse

1. Price being slam down since Qtr announcement just to have 1 day UMA.
2. Any logical takeover will normally start off with quiet accumulation, then of sudden comes the announcement.
3. UMA pushes up the share price which will make the offer (if any) unattractive, and cost of LTAT to acquire from market to be higher too.

Perhaps is the way how I view my investments, I look at underlying performance, any positive surprisewill be a bonus.

Posted by rohank71 > 2023-06-11 22:13 | Report Abuse

brianklc... normally if a deal to be announced soon or if there is an offer, the market doesn't wait for U.

Posted by rohank71 > 2023-06-11 22:14 | Report Abuse

the price movement was so rapid and steady and I can only speculate that something is happening.

Posted by LubeTrader > 2023-06-12 09:11 | Report Abuse

This morning's an opportunity to get on board while others are spooked, jumped off

Posted by brianklc > 2023-06-12 09:12 | Report Abuse

Rohan, I think u still didn’t get the picture, I am talking from acquirer perspective, what is the point the acquirer push up its cost?

Posted by brianklc > 2023-06-12 09:19 | Report Abuse

Let’s see the announcements in the coming days if bstead/LTAT is net buyer or net seller

Posted by cherry88 > 2023-06-12 09:44 | Report Abuse

Unconfirmed source : it is some other big planter is buying up the BPlant stake at RM1.20 from LTAT & Boustead. It is not privatisation deal. So, Still can speculate at current price

Posted by Albukhary > 2023-06-12 10:18 | Report Abuse

No news is good news.. Mean something really brewing.

Posted by TerrenceLim > 2023-06-12 10:30 | Report Abuse

Be patience... All i can say is a take over offer... Those who don't believe, then sorry ya, u are destined to miss this golden money making opportunities

Posted by Bursino > 2023-06-12 10:36 | Report Abuse

i suspect the mess in LTAT and the Boustead cauldron is very messy, massive industrial scale mess. (while it may not be relevant in this thread, remeber there's also a pharmaniaga!)

Posted by Bursino > 2023-06-12 11:04 | Report Abuse

it will be more cost effective to flatten and rebuild
than to do massive restoration jobs!

Posted by LubeTrader > 2023-06-12 12:31 | Report Abuse

Near midday, price quickly turned upward, from red to green. I've never seen such a quick turnaround before. All negative sell and buy queues like 'evaporated'.

Posted by calvintaneng > 2023-06-12 12:55 | Report Abuse

The intrinsic value of Bplant is at least Rm2.00 like MMC Corp which Syed Moktar took private

how many can wait ?

1%???

Posted by miracle_trader > 2023-06-12 13:02 | Report Abuse

after such a strong up day last friday, today never drop also. Must be something big coming soon

Posted by Albukhary > 2023-06-12 13:16 | Report Abuse

Syed Mokhtar come into the picture again?

Posted by brianklc > 2023-06-12 13:53 | Report Abuse

Oh no wonder, today is AGM

Posted by LubeTrader > 2023-06-12 16:23 | Report Abuse

Nothing special as far as resolutions put up for voting.

Posted by LubeTrader > 2023-06-12 16:24 | Report Abuse

Ex-military men running a public listed plantation Co.

Posted by DJThong > 2023-06-12 22:57 | Report Abuse

RM 2 next RM 20 RM 200
Talk nonsense
So many new groups you join but nobody respect
Scold and laugh
Embarrass

Posted by Johnzhang > 2023-06-13 09:11 | Report Abuse

Below is what LTAT ‘s CEO said yesterday after announcing the successful privatization of Boustead:

“Next on our to-do list is to ramp up the value creation exercise by having greater alignment of strategies between LTAT and all levels across the group. The wholly-owned model allows LTAT to exercise full discretion and dive deep into the conglomerate’s pain points expeditiously.“

Posted by Johnzhang > 2023-06-13 09:15 | Report Abuse

Key words
- ramp up the value creation exercise,
- expeditiously.

Posted by Bursino > 2023-06-13 09:15 | Report Abuse

What does it mean? Nothing! Absolutely nothing.

Posted by Johnzhang > 2023-06-13 09:18 | Report Abuse

That means LTAT’s transformation is going to be rapidly implemented.

Posted by Johnzhang > 2023-06-13 09:21 | Report Abuse

Bursino, better stay out of Bplant if you don’t see anything good coming.

Posted by brianklc > 2023-06-13 09:55 | Report Abuse

John, was “sustainable” word mentioned together with value creation?

Posted by brianklc > 2023-06-13 10:13 | Report Abuse

In the past, what happen was when the sold off the land, they pay good dividend, and most of the time they borrow to buy cheaper land… which the strategy should be the other way round, only use remaining funds after minus off purchase proceeds and planned replanting to pay dividend…