Posted by Bursino > 2023-06-13 10:35 | Report Abuse

I have my own simple investment view on BPlant. No reason for me to stay out as I have held shares since it's relisting. I have shares bought at 0.25 sen - 1.60. What transformation? Does it mean the company has plans to grow its plantation businesses organically? I don't see any. Monetise it's assets to project growth - yes maybe. Milking the cow - probably.

Posted by Bursino > 2023-06-13 10:43 | Report Abuse

BPlant was a decent GLC until someone decided to : BPlant signed a sale and purchase agreement with Dutaland Bhd back in October 2017 for the acquisition of 42 parcels of leasehold plantation land in the Labuk and Sugut districts in Sabah for RM750 million.

Posted by calvintaneng > 2023-06-13 10:46 | Report Abuse

LTAT proactive management is a new found initiative and should be positive

Leadership is important

I would prefer to see Top management managing their companies hands on rather than those that give little concern or attention but always go golfing and more interested in self indulgence and hobbies

Bplant should see better times ahead from now

Posted by Johnzhang > 2023-06-13 10:49 | Report Abuse

Brian, if you are looking for long term and sustainable plantation segment, Bplant is a lousy choice. There are many good candidates to pick eg Ta Ann, SOP, UP ,Klk etc.

Posted by Johnzhang > 2023-06-13 10:58 | Report Abuse

LTAT has no intention to keep and grow the plantation business for long term . LTAT will dispose it , either in one piece or in multiples deal.
About 50% of the estates are over 21 years old and yield is declining year by year . Hence the prospect of reasonable profitability purely from operations is not bright at all . The Management doesn’t seem to take serious action to address this problem over the last many years .

Posted by Johnzhang > 2023-06-13 11:05 | Report Abuse

Bursino, you may ask yourself why Bplant is still worthwhile for you to hold on until now . You have the answers

Posted by Bursino > 2023-06-13 11:19 | Report Abuse

Inherent risks investing in a GLC linked company. Edmund Terence Gomez can give you insights into the risks and rewards in his many write-up. You know what I mean. While there is no denial, there are many brilliant young professionals, selected from young, nurtured through the vines and placed to managed GLCs but the good ones don't normally stay long enough to build and grow the company. Quick results often result arising from corporate manoeuvre rather than organic growth!

LTAT and Boustead Holdings - can anyone remember how many CEOs they have changed since Najib's trusted side kick Wan Lodin left?

Posted by Bursino > 2023-06-13 11:42 | Report Abuse

The dividends and bonus shares I had received over the years are more than the value appreciation of the share itself. What captured my imaginations was it's a 100 years old company. The reported super prime land in its landbank must be valuable. ( I never expected it to cost so much now. I always remember a smallholder uncle I asked for advice on planting oil palm - only invest if you see value on the land). The arm forces is a vote bank. It cannot be ignored and big dividends are needed to keep its members happy. I may consider liquidation if the above 2 criteria are no longer valid. Simple thinking.

Posted by LubeTrader > 2023-06-13 12:14 | Report Abuse

Healthy debate. Keep it up guys. Honestly, Bplant is now is safer hands with all the political appointees out of the board. When one day the owners decides to quit planting oil palms, they can unlock the value of its land bank. Enough to feed generations.

Posted by Iamnotasifu > 2023-06-13 22:00 | Report Abuse

lets go bplant RM2

Posted by calvintaneng > 2023-06-13 22:51 |

Post removed.Why?

Posted by rohank71 > 2023-06-14 00:48 | Report Abuse

apparently they will sell the BM estate 5000 acres for 500M as per analyst report last week. 200M will be paid as DV. no privatising.

Posted by rohank71 > 2023-06-14 00:48 | Report Abuse

300M will used to repay loans.

Posted by rohank71 > 2023-06-14 00:50 | Report Abuse

part of UOBs loan covenants to pay the loan for Bousted GO. UOB doing the deal for a SG company.

Posted by rohank71 > 2023-06-14 00:50 | Report Abuse

300M to pay BPlant loan and 120M to pay LTAT GO loan

Posted by rohank71 > 2023-06-14 00:52 | Report Abuse

80M goes to us who are minority shareholders...we just made 80M

Posted by calvintaneng > 2023-06-14 01:25 | Report Abuse

We bought Bplant in year 2020/21 at 57 sen when people were pessimistic selling due to algae business (rumour they might fail or siphon out money. So there was a SELL DOWN THEN.)

Now mood here has turned very positive hence price no longer cheap like 57 sen (Calvin thinks TSH & Jtiasa now got lots of negative posts and prices also sold down. There fore TSH & JTIASA Offer better Value.

And Bplant has given us FANTASTIC DIVIDENDS

See

23-May-2023 08-Jun-2023 DIVIDEND First Interim Dividend RM 0.0100
21-Feb-2023 07-Mar-2023 DIVIDEND Fourth Interim Dividend RM 0.0330
22-Nov-2022 07-Dec-2022 DIVIDEND Third Interim Dividend RM 0.0110
23-Aug-2022 12-Sep-2022 DIVIDEND Second Interim Dividend RM 0.0275
23-May-2022 08-Jun-2022 DIVIDEND First Interim Dividend RM 0.0730
21-Feb-2022 10-Mar-2022 DIVIDEND Fourth Interim Dividend RM 0.0400
23-Nov-2021 08-Dec-2021 DIVIDEND Third Interim Dividend RM 0.0175
25-Aug-2021 09-Sep-2021 DIVIDEND Second Interim Dividend RM 0.0230
25-May-2021 10-Jun-2021 DIVIDEND First Interim Dividend RM 0.0030
24-Mar-2021 07-Apr-2021 DIVIDEND Second Interim Dividend RM 0.0050
23-Nov-2020 08-Dec-2020 DIVIDEND Interim Dividend RM 0.0050


By such good dividends our Cost of holding Bplant now just above 30 sen

Any more dividends will further pare down our cost to ZERO

Then ALL AND FOREVER WE WILL BE GETTING FREE DIVIDENDS FOR LIFE

BPLANT NO NEED GET PRIVATISED BUT CONTINUE TO GIVE DIVIDEND YEAR AFTER HAPPY YEAR WILL JUST BE GREAT

See Calvin's post on Bplant

Posted by calvintaneng > 2023-06-14 01:46 |

Post removed.Why?

Posted by calvintaneng > 2023-06-14 01:47 |

Post removed.Why?

Posted by brianklc > 2023-06-14 09:26 | Report Abuse

Hmm.. no announcement on bstead or LTAT acquiring bplant shares… privatisation? Insider?

Posted by Iamnotasifu > 2023-06-14 12:07 | Report Abuse

later all in

Posted by miracle_trader > 2023-06-14 16:15 | Report Abuse

i all in now!

Posted by Albukhary > 2023-06-14 17:02 | Report Abuse

Ini kali lah

Posted by Johnzhang > 2023-06-14 17:09 | Report Abuse

Wild swing from 76sen to close at 82 sen.
Those who panic sell cheaply in the morning are wondering what to do now .

Posted by miracle_trader > 2023-06-14 17:13 | Report Abuse

anyone who sell below rm1 will cry later

Posted by LubeTrader > 2023-06-14 19:46 | Report Abuse

What to do? Buy back in the 80s and hope that it appreciates to RM1 or more.

Posted by calvintaneng > 2023-06-14 19:53 |

Post removed.Why?

Posted by Bursino > 2023-06-14 21:40 | Report Abuse

Haha
Boustead Holdings and Pharmaniaga need money to do house cleaning. Who is going to pay dividends to the Veterans? Affin or BPlant?

Posted by Bursino > 2023-06-14 21:42 | Report Abuse

All else are speculations for now? Balance on probabilities - Bplant has better potential of big cash returns.

Posted by brianklc > 2023-06-14 23:30 | Report Abuse

Bplant had become a mare speculation counter now.. so invest with caution..

Posted by miracle_trader > 2023-06-15 09:33 | Report Abuse

if its PN17 company making huge losses, then its speculation counter. Bplant asset worth how much? now still trading below rm1. its undervalued. but will be going above rm1 very soon

Posted by miracle_trader > 2023-06-15 09:35 | Report Abuse

something big is really coming ...

Posted by FlyingEagle > 2023-06-15 09:54 | Report Abuse

wow! touch 90 sen liao !!

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

It's all mere 'paper' gain if you don't lock in profit. All I read thus far is speculative. Privatization la, sell land la, LTAT takeover la and whatnot. Until corporate come out with an announcement, I don't want to miss this opportunity. Oil palm and plantation in general is seasonal and therefore its stock price. There's always another chance to re-enter at a more attractive price in the future.

Posted by notinside751 > 2023-06-15 10:07 | Report Abuse

king of goreng.

Posted by Bursino > 2023-06-15 10:18 | Report Abuse

Boustead Holdings and LTAT are substantial shareholders in BPlant, together they hold 69%. The remaining shareholders are small investors, most of them hold less than 1%. The records so far, the 2 major shareholders are generous to minority shareholders. We hope they will continue with their generosity.

Posted by tantengbear > 2023-06-15 11:26 | Report Abuse

If really privatizing, the offer price is easily RM1.20, another 40% more upside!

Posted by calvintaneng > 2023-06-15 11:29 | Report Abuse

BPLANT LANDS DATED FROM THE 1840s ARE STILL AT VERY OLD BOOK VALUE & LISTED AT ROCK BOTTOM PRICES

PRAI LANDS ALONE IF SOLD WILL FETCH A COOL RM1 BILLIONS OR MORE

Like lost hidden TREASURES SURFACING

SEE IF LTAT WILL DISPOSE MORE BPLANT ASSETS TO UNLOCK ITS VALUE

https://www.malaysia-traveller.com/shipwrecks-near-malaysia.html

Posted by calvintaneng > 2023-06-15 11:40 |

Post removed.Why?

Posted by calvintaneng > 2023-06-15 11:43 |

Post removed.Why?

Posted by HuatAh8809 > 2023-06-15 12:06 | Report Abuse

No need to guess, the offer price sure has to be higher than the NTA of 1.27 ma

With premium, at least 1.40 and above then people only willing to accept ma..

So still got upside now

Posted by DividendGuy67 > 2023-06-15 12:55 | Report Abuse

BPLANT is historically well known for its land banks. According to this old analysis, since listing, BPLANT earnings came entirely and more from its sale of landbanks, than from plantation - https://focusmalaysia.my/boustead-plantation-is-the-company-really-in-the-plantation-biz/. Anytime there's news that someone is going to unlock its landbanks, price starts to shoot up. This is a clear goreng stock.

Posted by DividendGuy67 > 2023-06-15 13:00 | Report Abuse

If you own this counter, make sure you sell on its way up at higher prices. You won't regret because inevitably, its price will come crashing down.

Posted by speakup > 2023-06-15 14:46 | Report Abuse

Wait for rm1?

Posted by Iamnotasifu > 2023-06-15 16:06 | Report Abuse

RM1.25 soon

Posted by speakup > 2023-06-15 16:44 | Report Abuse

Dun sell cheap to LTAT?

Posted by Johnzhang > 2023-06-15 16:54 | Report Abuse

Below news, though not related to Bplant, is indicating LTAT/Boustead is on divestment spree. Bplant is on the card .

June 15): Boustead Holdings Bhd. is considering divesting its gas stations in Malaysia and is seeking as much as RM2 billion, according to people with knowledge of the matter.
The Kuala Lumpur-based conglomerate is working with an adviser to sell Boustead Petroleum Marketing Sdn., also known as BHPetrol, the people said. Oil and gas companies as well as investment firms have shown interest in the deal, the people said, asking not to be identified as the process is private.
The move comes after Boustead, whose backers include the country’s armed forces pension fund Lembaga Tabung Angkatan Tentera, bought out the other shareholders of BHPetrol, one of the people said.

Posted by Johnzhang > 2023-06-15 17:05 | Report Abuse

In the case BHPetrol, LTAT bought up the other partner (don’t know how much was paid) , then only look to divest it for a huge $2 bil price tag .
For Bplant, I assume that they will also buy up the minorities first , then only divest the valuable assets .
Minorities got to be smarter this round for not giving in easily and cheaply.

Posted by LubeTrader > 2023-06-15 17:12 | Report Abuse

Play hard to get? Then they simply defer the plan.

Posted by calvintaneng > 2023-06-15 18:44 | Report Abuse

Sustain your patience. Great movements take time to develop