Posted by brianklc > 2023-06-21 09:29 | Report Abuse

Not bad, it found its support… regret just now didn’t scoop some…

Posted by Johnzhang > 2023-06-21 09:31 | Report Abuse

Again, panic retailers got preyed by the market operators .

Posted by rohank71 > 2023-06-21 09:33 | Report Abuse

Green....

Posted by speakup > 2023-06-21 09:35 | Report Abuse

Already said, scared what? Just hold for 1.50

Posted by Johnzhang > 2023-06-21 09:36 | Report Abuse

Yes ! Green now. After panic sell , panic retailers may go in to buy again soon.

Posted by TheChosenTwo > 2023-06-21 09:36 | Report Abuse

brian, really feel very sorry for you if you feel we do not know what triggers MGO? LOL, suggest you take a read on the code before you make yourself silly again. if you want to be spoonfed sure. (i) when you obtain control, 50% + 1 share (ii) when you and your PACs cross 33% and (iii) 2% creeping provision within 6 months. understand mou? feel terribly sorry for you, want to act smart but shooting your own foot.

John, thank you. I rest my case, talking to cow is better than talking to him. LOL. really give up.

Posted by blackrock88 > 2023-06-21 09:41 | Report Abuse

such agreement always just want to make ppl panic sell, dont fall into trap

Posted by brianklc > 2023-06-21 09:41 | Report Abuse

Cherry, so many ways not to trigger threshold, offer can come in diff trenches… anyway, since u wanna rest, May u rest in peace

Posted by TheChosenTwo > 2023-06-21 09:55 | Report Abuse

lol kesian you. mark my words, if there's a deal, then there's MGO and you will be paid the same price as the major shareholders received. if i'm not right, i run nekkid in klcc. you wanna bet? hehehe.....

Posted by rohank71 > 2023-06-21 09:57 | Report Abuse

don't need to run naked.... not worth the debate. enjoy BPlant uptrend.

Posted by speakup > 2023-06-21 10:03 | Report Abuse

Releks 😎 takut apa?

Posted by TheChosenTwo > 2023-06-21 10:04 | Report Abuse

Just that I'm posting facts and quoting the rules. so he said rules are rules dun twist, but he's twisting the rules/facts himself thinking he's on top of everything.

Posted by Albukhary > 2023-06-21 10:07 | Report Abuse

Continue to believe there is a deal on going behind.
Based on my own estimation, BPLANT RNAV is around RM1.90.
Assume a 30% discount on its RNAV, BPLANT takeover price should be around RM1.33.
Also, please do take note that BPLANT have a precious land in Semenyih, which is more strategic compare to the land that Mahsing just bought last week with RM392mil.

Posted by i3lurker > 2023-06-21 10:08 | Report Abuse

any Offer where the majority shareholders lose control, the minority shareholders must be paid the EXACT same price, except for places like Hell.

Posted by ValueInvestor888 > 2023-06-21 10:29 | Report Abuse

deal could only finalise after state election, i think. Needs to get approval from many levels including minister, LTAT etc

Posted by i3lurker > 2023-06-21 10:40 | Report Abuse

Now Fun Fun people selling

after election Fun Fun people buying .... unless Nuclear War and or Black Friday or End of W happens

Posted by speakup > 2023-06-21 10:47 | Report Abuse

Pity those who panic sell cheap. Already said Just Releks 😎

Posted by LiTech > 2023-06-21 10:50 | Report Abuse

Albukhary, takeover price usually is higher or lower than RNAV?

Posted by Johnzhang > 2023-06-21 11:01 | Report Abuse

@Valueinvestor888, Boustead is fully owned by LTAT. The disposal is driven by LTAT. I think LTAT has got the necessary ministries blessing before starting the process. Any approval is mere formality.

Posted by speakup > 2023-06-21 11:10 | Report Abuse

Going back to rm1 💪 after today no more <1

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

Deals done at RM1. gg

Posted by ImLearningFromSifu > 2023-06-21 11:14 | Report Abuse

How you know deal done at rm1?
Newbie here

Posted by Albukhary > 2023-06-21 11:15 | Report Abuse

@LiTech, normally is lower than RNAV.
RNAV is stand for "Revalued Net Asset Value", mean it is calculated based on latest market price, so unlikely Acquirer will willing to pay above latest market price, unless there is other agenda behind.

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

Those who don't believe 1.50, pls sell 1. Kasi chan to those believe, buy cheap

Posted by amtheng > 2023-06-21 12:34 | Report Abuse

no denial yet issued by the big boys buying up Bplant

Posted by Bursino > 2023-06-21 16:07 | Report Abuse

The romance is over. Contended. Irrational decision, maybe? Migrated to another GLC counter lock, stock and barrel. Good luck to you people. 🤗

Posted by ChloeTai > 2023-06-21 19:13 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/06/20/ytl-power-looks-to-grow-re-ambitions

PETALING JAYA: YTL Power International Bhd appears to be gearing up to further its renewable energy (RE) ambitions, says MIDF Research.

Following a report that the YTL group could be one of the parties that have put in a bid for Boustead Holdings Bhd’s 57% stake in Boustead Plantations Bhd (BPlant), the research firm said YTL’s interest could stem from its RE ambitions, which requires sizeable land bank to house potential RE assets, as well as data centres.

The other bidders are said to comprise mainly plantation players, namely IOI Corp Bhd, Kuala Lumpur Kepong Bhd and Singapore-listed Wilmar International Ltd.

Posted by PureInvest > 2023-06-21 19:50 | Report Abuse

Excellent report indicates the discussion with Bplant/Boustead/Ltat regarding Bplant's equity and/or lands is intact.

Posted by wakarimas > 2023-06-21 20:24 | Report Abuse

the share price up after kena dumped in the morning indicates that the deal is on going. Fishy

Posted by rohank71 > 2023-06-21 23:48 | Report Abuse

Good sign closed green today. ltat to shortlist bidders and get them to up the bid with more infomation for higher price, before signing SPA

Posted by Michael Kwok > 2023-06-22 00:03 | Report Abuse

Price:94.5 cents
I doubt it will break previous high rm 1.01
Tp 70 cents range.
22/6/23 12.02am

Posted by ChloeTai > 2023-06-22 00:16 | Report Abuse

Rohank71: OLDTOWN Ptivatisation: in 2018, Jacob, a Ducth company voluntarary bought OLDTOWN shares from the substatial shareholders at a price of RM3.18 (10.42% above the last trading price). Thus, the mandatory general offer to retailers is also 3.18. After the official annoucement, the share price is adjusted to 3.18/3.19. I am hoping something like this. If it is just special dividend for just the SPA, it is no use.

Posted by ChloeTai > 2023-06-22 00:31 | Report Abuse

Like SPEAKUP said, privatise at RM1.50. That means the successful bidder with buy up BPLANT and BPLANT will be delisted. Retailers mandatory general offer (MGO) for retailers is also RM1.50.

Posted by speakup > 2023-06-22 06:08 | Report Abuse

Don't quote me on 1.50. I just like you quote what other ppl say 😎

Posted by Johnzhang > 2023-06-22 08:45 | Report Abuse

Bplant’s total land is 97.4 k ha.

Posted by Johnzhang > 2023-06-22 08:57 | Report Abuse

Amongst the bidders , I think YTL will emerge as winner with substantially higher bid .
YTL bought 664 ha for $428 mil or whopping $646k per ha for RE business ( I guess RE business is very profitable to afford such high land cost) .
YTL is in position to benefit from cheap Bplant’s land for industrial use such as RE.
Assuming YTL pays $2.50 per Bplant share , the total consideration will be about $5.5 bil.
This $5.5bil is just equal to 8,514 ha of land at the same price paid last year (ie 646k/ha). And the balance 89 k ha of land is as good as free.
YTL has deep pocket with $13.5 bil in FD and cash in balance sheet. YTL may also join hand with a plantation company to win the deal and subsequently split the land for oil palm and RE respective in a win win deal .
I am more optimistic for the price to be above $1.50 some suggested.
Above just for discussion.

Posted by miracle_trader > 2023-06-22 09:05 | Report Abuse

even IF there is no deal, ltat decides to slowly sell bplant land piece by piece. Shareholders will get huge dividends too. coz fact is Bplant is sitting on vast amount of highly valueable land.

Posted by Johnzhang > 2023-06-22 09:16 | Report Abuse

@miracle_trader, Agreed . Either way it works for me . Present share price is way to low to take profit.
The situation remains that LTAT needs to sell assets to raise a large sum as over $2 bil of loan due for repayment next year . LTAT’s intention to sell Bplant is real . The remaining factors are price and timing.

Posted by steveccwong > 2023-06-22 09:41 | Report Abuse

The present situation warrants Boustead/Bplant to arrive at a critical decision which is in their corporate plan & planning. We wait for the good outcome as the corporate deal is massive and it takes time.

History has proven massive corporate deals don't come easy & fast, and patient & LT investors win well.

Posted by rohank71 > 2023-06-22 16:16 | Report Abuse

as speakup said let's relax. let contra players exit. 88 come buy more. exit at 1.50.

Posted by steveccwong > 2023-06-22 16:20 | Report Abuse

If it comes, it will come.

We only know when it has already come.

I wait for its coming.

Posted by blackrock88 > 2023-06-22 16:37 | Report Abuse

2 operators are fighting each other, one dump one pump

Posted by Johnzhang > 2023-06-22 17:17 | Report Abuse

Clearly so . As a result, no idss volume and very low rss volume done today.
I am ready to add some when the price is being pushed down .

Posted by Dakewlest > 2023-06-22 22:25 | Report Abuse

If u believe that this stock is worth above certain amount, then don’t sell this stock below that amount. Don’t sell your stock cheaply. Trade at your own risk.

Posted by rohank71 > 2023-06-22 22:37 | Report Abuse

tomorrow the bidders are expected to be shortlisted. hope there will be some action. final round of selection may be next Friday.

Posted by Johnzhang > 2023-06-23 09:15 | Report Abuse

The market operators continue to play and prey on retailers until the deal is firmed up .

Posted by adikkici > 2023-06-23 11:04 | Report Abuse

Orang sudah ke garisan bah. Dia tak mau tembak. Macam mana mau lari laju.

Posted by mangkal1 > 2023-06-23 11:18 | Report Abuse

Deal or no deal?

Posted by Albukhary > 2023-06-23 11:39 | Report Abuse

Deal, but you need to have a strong heart before it can reach to RM1.50.
Price will be very fluctuate this period, It can go down to RM0.60 before it fly high to RM1.50.

Posted by ACE9696 > 2023-06-23 12:53 | Report Abuse

RM0.600? if so i will all in then