Posted by michael_jackson > 2017-08-18 22:54 | Report Abuse

bplant we are waiting for a good news.....

Posted by Yippy68 > 2017-08-19 01:49 | Report Abuse

scare to put up a high expectation, it may turn sadness..just see next week.

Posted by rainbowyen > 2017-08-19 09:42 | Report Abuse

no matter what... plantation sector contribute into malaysia economy...bad news also okay as long give us a reasonable a very good dividend this year.....

Posted by dayang_suri > 2017-08-19 09:55 | Report Abuse

me too.... i also waiting a good news from bplant......

Posted by Yippy68 > 2017-08-20 10:59 | Report Abuse

i sold my oil palm land at kampong for an acre of RM 125,000.00..bplant have 200,000 acres, cost at RM 12,400.00..if management so naive to sell at 50,000.00 an acre, you will be able to work out how much your share worth today by amount of share you own , divided by total issue of share 1.6 billion and multipl by 200,000 x 50000 = your money parking at bplant.

Posted by Yippy68 > 2017-08-20 11:02 | Report Abuse

the land sold to sp setia at butterworth is RM370,000.00 per acre

Posted by michael_jackson > 2017-08-21 09:08 | Report Abuse

we get ready for the announcement and the ex-date....the durian is falling down....

Posted by Subrie > 2017-08-22 17:16 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5521405

Posted by charles_cty > 2017-08-22 17:22 | Report Abuse

bad result but still maintain the dividend.....for long term holder just looking for the dividend....should be ok..

Posted by Subrie > 2017-08-22 17:30 | Report Abuse

Last year included land disposal. If operation, then it is an improvement

Posted by TheContrarian > 2017-08-22 18:29 | Report Abuse

Bad news, BPlant is proposing to buy Dutaland's underplanted plantation land for RM750 million.

Posted by TheContrarian > 2017-08-22 18:59 | Report Abuse

All long term shareholders should object to this proposal. The yield from Dutaland's plantation is so low that they make losses every quarter.

Posted by Subrie > 2017-08-22 20:13 | Report Abuse

Really? I thought dutaland loss comes from its property development and its investment divisions? Its their plantation that helped mitigate the losses. No?

Posted by calvintaneng > 2017-08-22 20:31 |

Post removed.Why?

Posted by hollandking > 2017-08-22 20:34 | Report Abuse

what about BJCorp? I thought is the chunnest of all chun chun stock?

Posted by calvintaneng > 2017-08-22 20:36 | Report Abuse

Posted by hollandking > Aug 22, 2017 08:34 PM | Report Abuse

what about BJCorp? I thought is the chunnest of all chun chun stock?

shhhh

you better keep very quiet and buy more

i just added more these past weeks as price goes lower

Posted by hollandking > 2017-08-22 20:40 | Report Abuse

oops, sorry, forgotten again.

Posted by joetay > 2017-08-22 20:44 | Report Abuse

@thecontrarian,

i have to agree with u that this is not positive for bplant.

bplant is in net debt position of rm500m currently, so to finance this acquisition, the money from their previous disposal will most likely be used up for this deal, so most likely have to do financing.

on bplant's previous land purchase under boustead group, they signed a conditional s&p while this deal is done under a loi. so its not a done deal.

Posted by TheContrarian > 2017-08-22 21:11 | Report Abuse

Six years ago IOI signed an S&P agreement to buy the land for RM830 million from Dutaland but eventually was rescinded and the 10% deposit had to be returned to IOI. Apparently IOI discovered some awful things during the inspection/survey of the land.

Posted by joetay > 2017-08-22 21:13 | Report Abuse

@calvintaneng,

the disposal is at loi stage and not done deal, so bplant can cancel it anytime.

and by the way u talked, i can tell u dont even know where their estates r. allow me to rebut u point by point.

1. bplant's valuable estates r in kulai, balau and bukit mertajam (which they have sold).

2. bplant as of last financial rpt is in net debt position of rm400m. after netting their recent sales and purchase, they will still be holding borrowings of rm500m, so where is the surplus cash u r talking abt???

bplant cannot venture into other biz becos property development is carried out by the parent while o&g by bhic.

3. if iskander is booming, then how come the high end apartments in medina still empty, senai/kulai still quiet and kota masai not booming????

and how sure r that pan-borneo highway will create a boom??? where r they going to find ppl to stay there, just like how forest city going to find 700k ppl to stay there???

that aside, if u noticed, ur pt 1, 2 and 3 r contradictory.

in pt 1 and 3, u said that bplant's land in peninsular r precious and that the property development is booming. yet in 2, u said it is risky to go into property development.

Posted by joetay > 2017-08-22 21:17 | Report Abuse

@thecontrarian,

if the deposit is returned, that means it is dutaland at fault.

2 possible reasons: either it is not free from encumbrances or like u said, land surveying by ioi turns up something so serious that ioi has to cancel the deal.

Posted by hollandking > 2017-08-22 21:17 | Report Abuse

so what could be so serious?

Posted by joetay > 2017-08-22 21:28 | Report Abuse

@hollandking,

i m not land surveyor, but if a piece of land is excessively fertilized, it will damage the soil with the most common being extreme ph levels on both sides of the scale.

but if it is so serious as to void a agri-land s&p, most likely the soil and environment of the land concerned r significantly degraded.

Posted by hollandking > 2017-08-22 21:29 | Report Abuse

in your opinion, if such scenario were to happen, how long will it take for the land to recover?

Posted by TheContrarian > 2017-08-22 21:30 | Report Abuse

Dutaland didn't want to return the 10% deposit but IOI sued but before the court hearing Dutaland agreed to return the deposit. Dutaland didn't want the findings by IOI to be reveals in open court. But I know the reason because one of my clients wanted to buy the said plantation land but when word got round no one wanted to buy all these years.

Posted by joetay > 2017-08-22 21:37 | Report Abuse

@hollandking,

if it is a simple case of extreme ph levels on both sides of the scale, just have to stop fertilizing for a while (perhaps a few mths) to let the land naturally achieve balance.

anything more serious like land/environmental degradation, cleanup costs and rehabilitation time+costs will be entailed.

Posted by apolloang > 2017-08-22 21:39 | Report Abuse

ioi plant bought unico desa land in Sabah more expensive than bplant gonna buy dutaland plant and that was a few years ago

Posted by apolloang > 2017-08-22 21:44 | Report Abuse

good for dutaland and bplant,dutaland dunno a thing about planting and bpland not enough land,so is a win win for both

Posted by joetay > 2017-08-22 21:47 | Report Abuse

@thecontrarian,

must be a very serious issue that no one dares touch it after so many yrs.

it pays to be extra careful on agri-land purchases, u never know what u will get into.

Posted by TheContrarian > 2017-08-22 21:53 | Report Abuse

Dutaland didn't maintain the plantation well because they inherited the land from Mycom during a reverse takeover. The trees are old and dying. Much unplanted patches deep inside the land. There's hilly terrains not suitable for planting. Also a lake in the middle. Hahaha, maybe I am making this up.

Posted by apolloang > 2017-08-22 21:56 | Report Abuse

yeah u r making this up cos u frustrated u didn't buy butaland....hahaha

Posted by Richshare > 2017-08-22 21:57 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5521565

Posted by Richshare > 2017-08-22 21:57 | Report Abuse

ambitious to reduce bank borrowings

Posted by Richshare > 2017-08-22 22:00 | Report Abuse

Quarterly core result is better than 2Q16 which includes gain on disposal of land of nearly 90m

Posted by TheContrarian > 2017-08-22 22:00 | Report Abuse

Hahaha, apolloang. If the deal goes through I am selling off my Bplant shares.

Posted by apolloang > 2017-08-22 22:04 | Report Abuse

if the deal goes thru,maybe short term not good for bplant but long term wif such huge landbank and they replant the oil palm might be good for them.also can compete wif ioi plant

Posted by joetay > 2017-08-22 22:05 | Report Abuse

@thecontrarian,

maybe we shld organize a surveying trip to dutaland's plantation???

at same time can go tawau for seafood.

Posted by joetay > 2017-08-22 22:08 | Report Abuse

@appolloang,

very hard for bplant since no downstream like ioi/ppb/klk.

Posted by calvintaneng > 2017-08-22 22:09 | Report Abuse

Posted by joetay > Aug 22, 2017 10:05 PM | Report Abuse

@thecontrarian,

maybe we shld organize a surveying trip to dutaland's plantation???

at same time can go tawau for seafood.


GOOD & CLEVER MOVE!

GO GET A DRONE

JUST LIKE THEY DO WITH BJ CORP BKT TINGGI HIII RESORT LANDS

SEE

https://www.youtube.com/watch?v=ePUx4P61aOs

Posted by apolloang > 2017-08-22 22:11 | Report Abuse

at least better than now,palm oil price up yet profit down. bplant know more about planting palm oil than dutaland. dutaland should sell off the land and start rebuilding duta grand hotel

Posted by TheContrarian > 2017-08-22 22:13 | Report Abuse

You need to charter a helicopter to survey the land from above.

Posted by TheContrarian > 2017-08-22 22:15 | Report Abuse

Dutaland desperately wants to get rid of the land badly needs the money for Duta Grand Hotel and also for Kenny Heights development.

Posted by TheContrarian > 2017-08-22 22:17 | Report Abuse

Calvin, what you should do is monitor Dutaland next few days and take profit when it's high enough for you. Don't be greedy.

Posted by calvintaneng > 2017-08-22 22:21 | Report Abuse

Posted by TheContrarian > Aug 22, 2017 10:17 PM | Report Abuse

Calvin, what you should do is monitor Dutaland next few days and take profit when it's high enough for you. Don't be greedy.


Disposed?

Then later Dutaland shot up to Rm1.20 and another 'Super investor" buy and say, One fella called Calvintaneng too ashamed to buy back Jaks at Rm1.40?"

Then how?

Posted by apolloang > 2017-08-22 22:21 | Report Abuse

oil palm price uptrend now,win win situation for bplant too,more planting more income also.just that dutaland short of cash to plant and also dunno much about oil palm

Posted by apolloang > 2017-08-22 22:25 | Report Abuse

mana can sell? even dutaland limit up the market cap only 681 mil.also got duta grand hotel left. should be worth at least 1.20 like datuk calvin says

Posted by apolloang > 2017-08-22 22:30 | Report Abuse

datuk calvin,today ur bonia(in hokkien bo mia),bjcock,opcom all up except butaland down today

Posted by TheContrarian > 2017-08-23 09:49 | Report Abuse

No comments from other Bplant holders? All still in shock?

Posted by straycats > 2017-08-23 10:12 | Report Abuse

haha bplant so steady. want it to drop some with this so called bad news also cannot.

Posted by TheContrarian > 2017-08-23 10:20 | Report Abuse

Bplant will only drop if they go on to sign the S&P. Now it's only a non-binding LOI.