Posted by youarewelcome88 > 2023-10-07 11:41 | Report Abuse

Yes @stockraider... We now wait for the 3 other views...

Posted by Sslee > 2023-10-07 11:50 | Report Abuse

Previously I am not sure the KLK deal will go thro' due to political baggage. As for LTAT to take Bplant private it is a done deal.

Posted by youarewelcome88 > 2023-10-07 12:01 | Report Abuse

@Sslee... Thanks

Posted by youarewelcome88 > 2023-10-07 12:07 | Report Abuse

@Sslee... Do you see Pharmaniaga going private too?

Posted by Sslee > 2023-10-07 12:17 | Report Abuse

People only take private assets rich listed companies. Then monetise the asset and make lot of money.

Posted by youarewelcome88 > 2023-10-07 12:36 | Report Abuse

@Sslee... I fully agree to that. Thanks again

Posted by youarewelcome88 > 2023-10-07 12:38 | Report Abuse

@Sslee... I have got my answer. Thanks to you. Cheers

Posted by StartOfTheBull > 2023-10-07 14:11 | Report Abuse

LTAT direct and indirectly control 68% of Boustead Plantation.
QR ended 30 Jun 23 net loss 0.25c per share.
Net asset RM1.28 per share.
Why should LTAT pay premium of 27c to the minority shareholders above its net asset for a currently loss making company?
For anyone intending to buy at RM1.39, the opportunity/risk are:
1) The deal is confirmed done in near future, gain 16c per share.
2) The announcement by LTAT was actually intended to stabilise the share price, the privatisation will not happen after all.

Posted by titan3322 > 2023-10-07 14:36 | Report Abuse

@StartOfTheBull I buy your story !

Posted by Johnzhang > 2023-10-07 14:54 | Report Abuse

I hold the view that the MGO is real.
Although NA may be just $1.28 /share, the realisable market value of the assets is 2-3 times higher than NA which is always kept at historical price. So, paying minority $1.55 is real cheap. Just look at the % disposal gain Bplant earned in the past many land disposals to convince yourself. Remember that land is scare and price is high.
After GO, the assets can be disposal in smaller parcels , quicker and out of the radar of the public.
LTAT /Boustead is chasing after time to resolve their heavy financial woes and to ensure annual 5% return to members from this year. With bridging finance from the government, LTAT has no time to waste but to do the deal fast .
If monority drag the "aborted" GO to the court, the trial will derail the transformation plan of LTAT which is the last thing they want to see.

Posted by speakup > 2023-10-07 17:10 | Report Abuse

Pelangai by election today, hope PMX and PH kena bantai kalah teruk

Posted by titan3322 > 2023-10-07 17:24 | Report Abuse

@speakup this is the wrong forum for you ! Btw I 💕 PMX 🤣🤣

Posted by youarewelcome88 > 2023-10-07 17:24 | Report Abuse

@speakup... It's just a state election. It affects Musang King harvest only

Posted by i3lurker > 2023-10-07 17:33 | Report Abuse

speakup
Its all evil.
its all about choosing the lesser evil.

see also Bruce Willis movie Last Man Standing.
Its about choosing the less evil Mafia so that normal people can have lesser disturbance in their lives.
=> There will always be Mafia and Sharks. Choose the lesser evil.


Posted by speakup > 18 minutes ago | Report Abuse

Pelangai by election today, hope PMX and PH kena bantai kalah teruk

Posted by UncleFollower > 2023-10-07 17:39 | Report Abuse

@youarewelcome88

I don't think it's possible for the Boustead companies to go bust. Politically impossible whoever runs the Govt of the day. Only possible if Malaysia goes bust. 1MDB is so much larger and we survived. Plus, Boustead group is no 1MDB, not comparable at all. Boustead...it is perhaps unfortunate for poorly management. But to be clear, I think this has more to do with Govt run entities, than race. Put this in another country with a homogenous people, the same could happen. Govt officials have no direct interest and most of them are politicians not businessmen. Boustead's problem, in a nutshell, is a case of having a huge asset base, poorly managed, complacency and mismatch of cash generation vs loans. Think of it this way...say a rich man's grandson is given a huge estate plantation. The grandson knows he is rich, he will live a rich man's lifestyle and unlike his grandfather probably lack the hardiness and business acumen. When times are good, no problem. Times are bad, he starts borrowing money to fund expenses both business and personal. Surely the banks will lend to him based on his very rich assets. So he continues to spend freely and hardly do anything to enhance his business, and never thought of saving for a rainy day, expecting that things should go on as it has always been. But then over time cost increase, trees get old, he starts running out of cash again. Banks are not too happy to lend anymore - for risk management, or in the case of Ah Longs, to steal his assets for a song. Now if his grandfather is dead, I suppose this is it - he will probably survive richer than us but that would be the end of a great family fortune. In the case of Boustead, grandfather is the Govt and he lives forever - he will fund his cashflow problem instead of allowing his assets to be taken over cheap. Rich man's son and plantation...I suppose in your mind you see a Chinese, and that's the point I'm trying to make here in response to the racist comments lol - Bousted's predicament could easily fall onto anyone given something on a plate for free, Malay or Chinese no difference. So yeah no I can't see any possbility LTAT can go bust. Worst case scenario be like Tabung Haji transfer to MOF and done. It's tiny compare to our Govt's balance sheet.

Posted by UncleFollower > 2023-10-07 17:42 | Report Abuse

@John is here giving naysayers a chance to make 10% guaranteed profit. Money from the sky ma 🤣

Johnzhang

I hold the view that the MGO is real.
Although NA may be just $1.28 /share, the realisable market value of the assets is 2-3 times higher than NA which is always kept at historical price. So, paying minority $1.55 is real cheap. Just look at the % disposal gain Bplant earned in the past many land disposals to convince yourself. Remember that land is scare and price is high.
After GO, the assets can be disposal in smaller parcels , quicker and out of the radar of the public.
LTAT /Boustead is chasing after time to resolve their heavy financial woes and to ensure annual 5% return to members from this year. With bridging finance from the government, LTAT has no time to waste but to do the deal fast .
If monority drag the "aborted" GO to the court, the trial will derail the transformation plan of LTAT which is the last thing they want to see.

Posted by UncleFollower > 2023-10-07 17:43 | Report Abuse

@speakup but but but...if there was one PM I personally really couldn't stand, it has to be Mahiaddin

Posted by i3lurker > 2023-10-07 17:53 | Report Abuse

My personal opinion is that 1.55 will go through.
Its all about the breakup value.

Normally I do not go for this type of sure win thingy coz I like to micro manage.
Putting my money for months tied up inside BPlant is my version of a nightmare just to earn a little bit of money.

I learnt long time ago, this type of sure win money is not my thing.

=> You might like this type of sure win case.

Posted by youarewelcome88 > 2023-10-07 18:12 | Report Abuse

@UncleFollower... Great words... Thanks

Posted by youarewelcome88 > 2023-10-07 18:15 | Report Abuse

@i3lurker... Thanks for your view too though we can never agree at other i3 forum. Cheers

Posted by Johnzhang > 2023-10-07 18:33 | Report Abuse

@UncleFollower, you have 2 others options to pick : Hadi or Tun M . One promises to bring you to heaven and the other to bring you down to the drain. 🤣🤣🤣

-------------------------------------
UncleFollower wrote:
@speakup but but but...if there was one PM I personally really couldn't stand, it has to be Mahiaddin

Posted by speakup > 2023-10-07 22:01 | Report Abuse

3rd option : vote MUDA
If no MUDA contesting, better just stay at home watch TV eat popcorn

Posted by DividendGuy67 > 2023-10-08 00:15 | Report Abuse

No guaranteed profits from markets.
Happy I sold all at $1.51 1.5 month ago, and use the proceeds to buy other stocks when their price is compelling.

Posted by Yippy68 > 2023-10-08 08:46 | Report Abuse

Good for you David. I did the same but 1.50 x 2M share. thank you Bplant, my 10 years die hard support eventually a BIG GAIN.. i will enjoy my retire days with comfort. Yippy say bye bye bplant , Tyranny the nuisance here and all in this forum. last but not least, even i am a member of LTAT, I am disappointed with this Drama..

Posted by Yippy68 > 2023-10-08 08:49 | Report Abuse

Tyranny, go and find a job and stop talking Cock here. god bless you hahaha.....................

Posted by StartOfTheBull > 2023-10-08 09:17 | Report Abuse

On 4 Oct 2023, after the announcement of the KLK deal terminated, share price immediately plunged from RM1.46 to RM1.27 and thereafter trading suspended.
On the same day, after trading hour, the company announced its general offer at RM1.55.
If LTAT truely has the intention to acquire the remaining shares from the minority shareholders why not allow the share price to fall further to below RM1.27 or cheaper instead of held a press conference after office hours to announce the GO?
If afraid the share price falls, why not offer at higher price, say RM1.60 or above?

Posted by stockraider > 2023-10-08 11:08 | Report Abuse

Do not panic loh....!
Bplant takeover price of Rm 1.55 by Ltat is supported by govt....is credible in fact financially even stronger compare to KLK mah!

Just that the timing of the takeover will take a bit longer time to complete but still the completion time is still reasonable about 4 to 6 mths, still acceptable with a FD return of at least 20% pa mah!

Posted by rohank71 > 2023-10-08 18:33 | Report Abuse

Hope the takeover happens at 1.55. Make all happy.
I have left this ship at 1.50 and went into Affin. Thanks to advice from some here. However, I wish the best to all those in BP. Hope the 1.55 comes faster. All the best.

Posted by speakup > 2023-10-08 21:05 | Report Abuse

besok high chan market down cos PH menang Pelangai election.
tapi dont worry Bplant wont down cos supported by LTAT 1.55

Posted by StartOfTheBull > 2023-10-08 21:27 | Report Abuse

Israel - Palestine at war, tomorrow oil and gold shot up, CPO future would also follow.

Posted by mf > 2023-10-09 05:13 | Report Abuse

Israel pounds Gaza after deadly Hamas raid as conflict threatens to spiral
PUBLISHED SUN, OCT 8 20232:50 AM EDTUPDATED SUN, OCT 8 202310:40 AM EDT

Posted by speakup > 2023-10-09 06:05 | Report Abuse

Our market sure drop today cos bn menang pelangai

Posted by 5354_ > 2023-10-09 10:21 | Report Abuse

Boustead privatisation LTAT got buy from open market. B Plant LTAT got buy? If RM 1.55 can offer why not buy 1.3-1.4 first?

Posted by rusliasas > 2023-10-09 10:28 | Report Abuse

Ltat is now accumulating its resources. Buy now for a return of 14% in the next 3months

Posted by StartOfTheBull > 2023-10-09 10:28 | Report Abuse

Good question 👍


5354_

4,130 posts

Posted by 5354_ > 4 minutes ago | Report Abuse

Boustead privatisation LTAT got buy from open market. B Plant LTAT got buy? If RM 1.55 can offer why not buy 1.3-1.4 first?

Posted by 5354_ > 2023-10-09 10:31 | Report Abuse

LTAT resource is it from selling Affin?

rusliasas

Ltat is now accumulating its resources. Buy now for a return of 14% in the next 3months

25 seconds ago

Posted by 5354_ > 2023-10-09 10:41 | Report Abuse

Govn money as resource? RM 300 million got heard. More will pembangkang easily approve?

Posted by speakup > 2023-10-09 12:55 | Report Abuse

Selldown! Habis?

Posted by soon9913 > 2023-10-09 13:12 | Report Abuse

how likely the offer will call off again?

Posted by Johnchew5 > 2023-10-09 14:00 | Report Abuse

3.) Actor with Burung Gagak Mulut :

soon9913

2011 member play double head 🐍 Wayang in Jaks forum with


>> It's Compounding
everydaysfri | Joined since 2011-05-07


One head is Positive, One head is Negative.


👉 Id : everydaysfri can changed his Name It’s Compounding to others Name .. Beware ..

Posted by Johnchew5 > 2023-10-09 14:03 |

Post removed.Why?

Posted by speakup > 2023-10-09 14:48 | Report Abuse

1.43!
Ini kalilahhhhhhhhh!!!! All in!!!!!

Posted by speakup > 2023-10-09 14:49 | Report Abuse

Pity those sold <1.40

Posted by speakup > 2023-10-09 14:51 | Report Abuse

Ingat ya.......make money, donate some to MUDA ya

Posted by Apple2353 > 2023-10-09 14:54 | Report Abuse

why donate to MUDA? when i lose money is MUDA going to subsidise my losses?

Posted by speakup > 2023-10-09 15:11 | Report Abuse

We must get rid of this Subsidy Mentality. It is killing our beloved country Malaysia

Posted by icecool > 2023-10-09 21:34 | Report Abuse

today buy the dip make money tomorrow again

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

nothing in this world is 100%, as long as you are not greedy, willing to let others make some extra, you are god safe .

Posted by Yippy68 > 2023-10-10 06:26 | Report Abuse

If ATLT fail to carry out GO, then I should be able to buy back at 1.17, the first limit down. all left to be seen.

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

PETALING JAYA: Defence minister Mohamad Hasan has clarified the government is only providing a “financial guarantee” to the Armed Forces Fund Board (LTAT) and not giving a RM2 billion grant for the fund to buy out Boustead Plantations Bhd (BPlant).

“The finance ministry (MoF) has agreed to provide LTAT with financial guarantees for it to obtain a RM2 billion loan from financial institutions to implement the (mandatory) general offer (MGO).

Now, LTAT will have to fork out approximately RM1.11 billion, at an offer price of RM1.55 per share, for the remaining 716.8 million shares, equivalent to a 32% interest, that it does not own.

Mohamad had previously said BHB, which was privatised by LTAT earlier this year, needed RM800 million by year end to meet its debt obligations.

Adding this RM800 million to the RM1.1 billion that it needs for the MGO, LTAT would have been in an extremely tight spot to raise almost RM2 billion.

The government’s move to provide LTAT the financial guarantee to raise up to RM2 billion will give some respite to the beleaguered pension fund.