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…

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 | Report Abuse

PALM OIL COMPANIES VERSUS IB BANKS/MEDIA ON PALM OIL: POSITIVE OR NEUTRAL: WHO ARE CORRECT, Calvin Tan

https://sgx.i3investor.com/blogs/Jbhouseforsale/2023-06-13-story-h49595126-PALM_OIL_COMPANIES_VERSUS_IB_BANKS_MEDIA_ON_PALM_OIL_POSITIVE_OR_NEUTRAL_.jsp

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.