Posted by calvintaneng > 2023-06-20 09:57 | Report Abuse

SCIB is a money losing co with little NTA or little value whereas Bplant is rock solid

See Scib https://www.bursamalaysia.com/bm/market_information/announcements/company_announcement/announcement_details?ann_id=3354810


We will dumb dumb hold Bplant as long as it stays listed.

Posted by liewkitkong > 2023-06-20 10:18 | Report Abuse

Boustead hire cikai punya operator lorhhhh. senang saja ini bplant kena tiup dengan seller. hahahhahaha.

Posted by speakup > 2023-06-20 10:26 | Report Abuse

Drop 4¢ only lah, why u all act as if drop 40¢? Relek lah

Posted by Bursino > 2023-06-20 10:32 | Report Abuse

😁

Posted by Albukhary > 2023-06-20 10:34 | Report Abuse

If today can closed green, than it is very confirm that the privatization / offer to sale deal is really on.

Posted by Johnzhang > 2023-06-20 10:47 | Report Abuse

Neither LTAT, Boustead or Bplant has come out to deny the media reports. Likewise, those potential acquirers like KLK, IOI, YTL whose names are mentioned are keeping silent too.

Posted by rohank71 > 2023-06-20 10:52 | Report Abuse

looks like no deal.

Posted by calvintaneng > 2023-06-20 11:03 | Report Abuse

BPLANT (5254)AN INVESTIGATION INTO ITS UNDERVALUE ASSETS (Part 2) Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-06-20-story-h-267664966-BPLANT_5254_AN_INVESTIGATION_INTO_ITS_UNDERVALUE_ASSETS_Part_2_Calvin_T

Posted by Johnzhang > 2023-06-20 11:53 | Report Abuse

Calvin,
Enough said about Bplant’s valuable assets. The money is still not yours until it is in your pocket.
You should tell all your followers when can they see the money and at what price. $1.30, $1.50, $2.0 or $2.50 ? Your followers can not wait indefinitely and in the end get a short end of the stick like in the case of Boustead Holding.

Posted by calvintaneng > 2023-06-20 11:59 | Report Abuse

John
I do not make decisions for anyone

just sharing facts only

all must decide for their own in buying or selling

Posted by speakup > 2023-06-20 12:10 | Report Abuse

Johnzhang & Calvintaneng 2 highly respect sifus

I say why some ppl here so panicky over a small 3¢ drop? Releks 😎

Posted by liewkitkong > 2023-06-20 12:16 | Report Abuse

Hello friend. slow2 drop now already drop 4 cent & lowest point is 0.94 (7 cent). we see evening session.

Posted by garethball > 2023-06-20 12:18 | Report Abuse

agree with kitkong. Operator so weak la. with this rumors for taking private price should be jump or maintain at yesterday close.

Posted by brianklc > 2023-06-20 12:22 | Report Abuse

Lol, news already out Friday and yday, why still got ppl talk abt privatisation? It’s just ownership change at the top…

Posted by speakup > 2023-06-20 12:38 | Report Abuse

U scared, u sell lor 😁
Others may see this as a buying opportunity

Posted by liewkitkong > 2023-06-20 13:00 | Report Abuse

Ya2.. you guys correct. im just frust today movement price bcoz im expect price maintain above RM1.

Posted by putusamy > 2023-06-20 13:02 | Report Abuse

Yesterday Hero today become zero. Operator cap ayam sudah tarak duit ka?

Posted by Johnzhang > 2023-06-20 13:23 | Report Abuse

Speakup,
there is a camp who have off loaded Bplant at between 60+ sen to 90+ sen and you don’t expect them to say anything positive.
For me, I can accept that price falling back to 70-80 sen if the impending M&A doesn’t come thru .
CPO prospect (presently $3,700+) is improving. Although CPO price this year is visibly >RM1,000 lower than avg of last year , fertilizer cost which is the key component of cost of production is 50-60% lower than last year . Labour is abundant now to harvest the fruit. Hence , operating profit will be positive and reasonable dividends can be expected.
I rather not bet against the potential M&A and lose the opportunity of reaping handsome gain .
Everyone has own investment strategy and there is no absolute right or wrong.

Posted by Albukhary > 2023-06-20 13:37 | Report Abuse

We refer to the news article titled “Boustead said to be disposing of plantation arm” which appeared in The Edge Malaysia newspaper dated 19 June 2023.



The Company will release the necessary announcements in a timely manner to Bursa Malaysia Securities Berhad should there be any material information which falls under the Main Market Listing Requirements.



This announcement is dated 20 June 2023.

Look at the way the replied, it means something is going on, will release once it confirm.

Posted by Johnzhang > 2023-06-20 13:46 | Report Abuse

Albukhary,
Absolutely! The deal is alive.

The reply is a big contrast to how they replied to the news on BHPetrol potential disposal.

Posted by PlantBull > 2023-06-20 13:52 | Report Abuse

@Johnzhang price fall to 70-80 then so be it... after all holding many years already... makes no difference.. just continue taking dividends...

Posted by brianklc > 2023-06-20 13:57 | Report Abuse

Key points of theedge article- LTAT is looking for bids to sell off its holdings in bplant (ownership change, if it happens, it’s either bplant still being listed or share exchange with acquirer co), it will be good to see bplant being managed by a better co, perhaps u could study the dividend payout of the interested co).
No matter what happen, the changes are at top level, so long as the acquirer co buy 50%+1 shares, they can conso the assets entirely. Hence no push to buy over the remaining shares.

Posted by brianklc > 2023-06-20 14:05 | Report Abuse

The value unlocking will be at LTAT side, they realise the real value of the assets by ensuring their ask price for their 70%+ holdings take into count the real value of the assets. The acquirer co then unlock the 100% value when they conso bplant assets into their books, yes gains will be recognised, but it will be diluted as it’s shared with the shareholders of the acquiring co.

Posted by brianklc > 2023-06-20 14:07 | Report Abuse

So it looks like LTAT is selling bplant, not privatising it. If the acquirer co is okay (which looks like the case), LTAT is the one that laugh all the way to Affin Bank.

Posted by Johnzhang > 2023-06-20 14:08 | Report Abuse

Aiyo! Brian, the acquirer must extend a GO to the rest of shareholders at the same price ! It is a rule . Seem you are in denial mode !

Posted by brianklc > 2023-06-20 14:10 | Report Abuse

John, pls quote which SC/CMSA rules state this is a must?

Posted by brianklc > 2023-06-20 14:13 | Report Abuse

This is takeover, not privatisation! Privatisation have reg rules cannot have more than 10% DISSENTING shareholders.

Posted by brianklc > 2023-06-20 14:18 | Report Abuse

Pls quote the regulation rules on takeover, that minority shareholders must be offered the same as LTAT.

Posted by rohank71 > 2023-06-20 14:20 | Report Abuse

as I understand anyone buying 51% and above must make the same offer to minorities. let's all laugh our way to Affin Bank

Posted by Johnzhang > 2023-06-20 14:22 | Report Abuse

Brian,
for the mandatory GO rule, just google for all the information you need .

Posted by putusamy > 2023-06-20 14:22 | Report Abuse

Aiyooo. Ada geng seller sudah start Q sell 500k unit at 0.97. Matilahhh...

Posted by brianklc > 2023-06-20 14:22 | Report Abuse

Acquirer co only need to make LTAT happy, thn the deal will jalan

Posted by brianklc > 2023-06-20 14:23 | Report Abuse

John, can’t quote?

Posted by liewkitkong > 2023-06-20 14:24 | Report Abuse

Seller sudah test2 volume mahu sell ini. this trend similar like morning session. huathahahahaha

Posted by Cikpurnama22 > 2023-06-20 14:25 | Report Abuse

Huge selling volume sudah ready. Operator masak mau layan.

Posted by Johnzhang > 2023-06-20 14:25 | Report Abuse

Brian, if you just want spoon feeding, just let it be!

Posted by Cikpurnama22 > 2023-06-20 14:26 | Report Abuse

Trust me buy volume confirm hilang after 2.29pm. sure gap down like morning opening.

Posted by brianklc > 2023-06-20 14:26 | Report Abuse

U said got such rule, the burden to prove it’s u, not me… anyway, u can continue to live in ur bubble if u think there is… if tht makes u happy… wished u best of luck!

Posted by brianklc > 2023-06-20 14:30 | Report Abuse

If anyone just refer to CMSA, it’s all clearly stated there… u can’t think ur share values the same as LTAT’s

Posted by Johnzhang > 2023-06-20 14:30 | Report Abuse

Putusamy, liewkitkong, cikpurnama22 , garethball are same person ?

Posted by Cikpurnama22 > 2023-06-20 14:31 | Report Abuse

SPOIL LA INI ANNOUNCEMENT. LOT OF PEOPLE THROW. MASAK MAU NAIK BALIK

Posted by brianklc > 2023-06-20 14:31 | Report Abuse

Looks more likely

Posted by putusamy > 2023-06-20 14:33 | Report Abuse

Same person different opinion. huathahahaha

Posted by Bursino > 2023-06-20 14:34 | Report Abuse

12.43 pm
Boustead said they will put matter in perspective and not through news outlets on the Edge report.

Posted by garethball > 2023-06-20 14:35 | Report Abuse

Tadi siapa sembang just drop 3 cent today? now u see la. too many seller throw.

Posted by liewkitkong > 2023-06-20 14:37 | Report Abuse

Operater eat 2lot many time today? what means??? Ready to throw ka???

Posted by brianklc > 2023-06-20 14:40 | Report Abuse

At least now bplant shareholders have some clarity on what’s happening in the background… thanks theedge

Posted by Cikpurnama22 > 2023-06-20 14:41 | Report Abuse

Eat 2lot same like nylex trend last time lorhh. maybe same operator. no wonder la cap ayam.

Posted by Johnzhang > 2023-06-20 14:44 | Report Abuse

There is action behind the scene to check the price from rising too quickly and too high . The bid price and subsequent mandatory GO must appear to look very good mah…..

Posted by putusamy > 2023-06-20 14:46 | Report Abuse

seller at 0.975 very powerful la. operator pun x boleh lawan wo. power2.