Posted by ChloeTai > 2023-09-20 21:34 | Report Abuse

Bplant has moved up. UMW has not moved at all. Still got time to do bargain hunting.

Posted by rohank71 > 2023-09-21 01:27 | Report Abuse

Sold my BPlant and told thanks to LTAT. My friends advised that I don't need the last 7 sens. Good Bye BPlant. Hope all U guys enjoy the ride.

May be want to consider Pharma or Affin as next target if the price is right. As LTAT said, they don't want to run businesses and let the experts do it, if true than BPlant deal will happen and so will Pharma and Affin sale.

Posted by ACE9696 > 2023-09-21 09:59 | Report Abuse

ChloeTai, you rock! this time hoseh liao

Posted by calvintaneng > 2023-09-21 12:15 | Report Abuse

rohank71

good for you

but Bplant is unique because of its deep value land assets which if sold will unlock Billions $$$

For pharma there is razor thin margin profit and Affin already rich in value

a very similar asset play to bplant is Thplant

Posted by ChloeTai > 2023-09-22 18:43 | Report Abuse

On behalf of the Board, RHB Investment Bank wishes to announce that the Company has entered into a second letter of agreement with BHB and LTAT to agree for the Cut-Off Date to be 6 October 2023 or such other date as may be agreed in writing between KLK, BHB and LTAT.

Posted by ChloeTai > 2023-09-22 20:06 | Report Abuse

Every two weeks, they keep on delaying, until players get fed up, and sell cheap to KLK. Is it for a maximum of 8 weeks delay?

Posted by ACE9696 > 2023-09-23 13:27 | Report Abuse

if you buy cheap especially @0.560; just hold tunggu durian masak jatuh

Posted by Yippy68 > 2023-09-26 04:10 | Report Abuse

price keep dropping, apa sudah jadi ?

Posted by speakup > 2023-09-26 07:45 | Report Abuse

sabar!
why the rush to sell?

Posted by ACE9696 > 2023-09-26 12:57 | Report Abuse

drop more buy more lol

Posted by ACE9696 > 2023-09-26 13:02 | Report Abuse

how come this klk and bplant no suspend if really take over act? usually other counter got suspended a day/half day

Posted by ACE9696 > 2023-09-26 13:10 | Report Abuse

or they got no enough chips in hand to bet, sound sound and made rumours to scared people

Posted by calvintaneng > 2023-09-26 21:51 |

Post removed.Why?

Posted by mf > 2023-09-26 21:51 | Report Abuse

Dow Jones

Dow Jones Industrial Average

33,855.31

-151.57

0.44%

Nasdaq

NASDAQ Composite

13,176.08

-95.23

0.71%

Posted by stockraider > 2023-09-27 10:56 | Report Abuse

Can switch to affin loh!

Posted by EVEBITDA > 2023-09-30 13:07 | Report Abuse

The longer it takes, the more pain it gives to shareholders who are waiting, especially in this weak market. KLK has all time to wait or else they may sue LTAT for breach and remedy. Let's see how this game plays out. LTAT under pressure from the political side, but KLK will just keep extending the dateline. Unless KLK throw in the towel(give up), the deal will be aborted. If LTAT abort must pay penalty. Its a waiting game now.

Posted by ChloeTai > 2023-09-30 20:13 | Report Abuse

Boustead needs RM800 million and another RM1.7 billion to redeem their Islamic Middle Term Notes at year end. October, November and December (another 3 more months) of waiting.

Posted by ChloeTai > 2023-09-30 20:18 | Report Abuse

Another 6 more rounds (2 weeks each round) of waiting till 29 December 2023.

Posted by ChloeTai > 2023-09-30 20:23 | Report Abuse

One worrying thing is that Bousted use the same tactic by Najib's IMDB by using taxpayers' money.

Posted by speakup > 2023-09-30 21:39 | Report Abuse

Takut apa bossku

Posted by investor77 > 2023-09-30 22:40 | Report Abuse

If KLK making General Offer, have they appointed independent adviser ? When is deadline they have to disclose how many shares they have acquired. ? Will the price of BPlant move up if KLK ups the take over price ?

Posted by rohank71 > 2023-09-30 23:44 | Report Abuse

Investor77..its not abt the take takeover price. Its abt politics. The willingness to sell 100K ha of land owned by an entity which once sold they can't claim it or have 100K ha again in the same/similar location. If only they knew they had to work to keep their asset.

Posted by Yippy68 > 2023-10-01 04:59 | Report Abuse

at this very time, with expert and sifus all silence or hiding, those who sold earlier making a few cents losses, look like they are the wiser and winner. haha

Posted by ACE9696 > 2023-10-01 07:43 | Report Abuse

https://harakahdaily.net/index.php/2023/09/18/jangan-lepaskan-pegangan-boustead-plantations/

Posted by speakup > 2023-10-01 10:35 | Report Abuse

In Malaysia only Bumi can buy good non-Bumi assets. But non-Bumi cant even buy Bumi bad assets

Posted by speakup > 2023-10-01 10:36 | Report Abuse

Macam ni lebih baik let Bstead go pn17 and bankrupt lah

Posted by Yippy68 > 2023-10-01 18:49 | Report Abuse

try to be rational, those claim expert can not be right all the time, once he recommended CBIP, now what happen to CBIP?

Posted by calvintaneng > 2023-10-01 23:40 | Report Abuse

Speakup

The Crux of the matter is not Boustead selling its Bumi assets but its holdings of Bplant shares perceived to be owned by Bumi entity

Precedent already set when Bplant already sold Kulai Young lands to non bumi Ytl power last year

None of the lands owned by Bplant are under Malay Reserve as such Bplant can also chose to sell all until it remain an empty shell co

Posted by calvintaneng > 2023-10-02 00:08 | Report Abuse

Now Klk looks like quite weak in it's offer to take over Bplant unlike when it took over Ijmplant

at that time Klk was too aggressive and gave a High premium price for Ijmplant at Rm3.10 and now it more careful

also Ijmplant was a non bumi while Bplant bumi Glc

also A look at Klk balance sheet shows total debt to be Rm9.3 billion while it's cash only about Rm2.8 Billions
So Klk might try to conserve cash by trying to get Bplant at a lower price even though it has hastened to offer Rm1.55 to ward of other competing bidders

Posted by calvintaneng > 2023-10-02 00:11 | Report Abuse

Another well positioned bidder is Ioi corp

although it has conservative term debt of Rm3.4 billions backed by high value assets

and it has a cash hoard of Rm2.4 billions

Ioi corp is not too keen on bplant being assets play with little earnings as Ioi Corp itself has assets of immensely undervalue by book value

Posted by calvintaneng > 2023-10-02 00:21 | Report Abuse

Now latest Corp news just out

Pm Anwar announced that Govt returning to Tabung Haji assets worth Rm19.9 Billions

In coming months might see Action in Thplant just like we see action in bplant now

There is a big difference between Bplant and Thplant

Thplant top holder is Tabung Haji with 73.8%

and Bplant owned by Both boustead and Ltat totalled 67%

While Boustead has high debt of Rm7 Billions Tabung Haji will get an injection of almost Rm20 billion

So while Boustead needed help from Outside entities Thplant ultimate holding co will be very solvent and cash rich soon

Bplant at IPO was Rm1.60
and now Rm1.46

Thplant at IPO was Rm1.25 and now only 54 sen look very cheap

Posted by Yippy68 > 2023-10-02 02:19 | Report Abuse

@tyranny, how much you made from Bplant? kikiki, tin kosong make kosong lor hahahahaha

Posted by ChloeTai > 2023-10-02 06:48 | Report Abuse

ACE9696 Harakah Daily is dated 18 Sept 2023. That means it is old news and factored in the BPLANT share now at RM1.46.

Posted by k3nthiew > 2023-10-02 09:21 | Report Abuse

OMG!! Whats going on??

Posted by k3nthiew > 2023-10-02 09:21 | Report Abuse

Call off??

Posted by miracle_trader > 2023-10-02 09:22 | Report Abuse

if deal cancel, bplant back to 70 cent

Posted by StayHumble > 2023-10-02 09:26 | Report Abuse

manipulate to buy cheap

Posted by RunSnake > 2023-10-02 09:59 | Report Abuse

Run

Posted by ACE9696 > 2023-10-02 10:30 | Report Abuse

alamak! KLK deal falied?

Posted by Bursino > 2023-10-02 10:32 | Report Abuse

Buyer no longer hard-up.

Posted by ACE9696 > 2023-10-02 10:43 | Report Abuse

limit down to 1050 soon

Posted by Tomrider > 2023-10-02 10:45 | Report Abuse

run

Posted by miracle_trader > 2023-10-02 10:45 | Report Abuse

if deal cancel, wont have new buyer, gov will probably bail out the debts

Posted by Mar2083 > 2023-10-02 10:47 | Report Abuse

Potentially may limit down today
Watch out

Posted by firehawk > 2023-10-02 10:47 | Report Abuse

Gov provides chance to operators to manipulate

Posted by ch > 2023-10-02 10:48 | Report Abuse

PMX said Bumi company please don't keep sell asset. hahaha...

Posted by speakup > 2023-10-02 10:55 | Report Abuse

Don't sell cheap!
If klk deal off, another Bumi company must offer the same price

Posted by speakup > 2023-10-02 10:56 | Report Abuse

Takut apa?

Posted by Yippy68 > 2023-10-02 10:59 | Report Abuse

Enjoy myholiday

Posted by Yippy68 > 2023-10-02 10:59 | Report Abuse

Enjoy myholiday