Posted by TheContrarian > 2017-09-22 17:57 | Report Abuse

I always wonder how a mermaid make love since the bottom half is a tail. :-D

Posted by joetay > 2017-09-22 17:59 | Report Abuse

lol.......

best question of the day.

Posted by mywuneng > 2017-09-25 17:17 | Report Abuse

hmmm.still no announcement?

Posted by Gen2 > 2017-09-26 13:41 | Report Abuse

Penang land sale completed.

Posted by free2invest > 2017-09-26 17:42 | Report Abuse

Yeah....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5553337

Posted by TheContrarian > 2017-09-26 19:41 | Report Abuse

Gain will be reflected in next QR.

Posted by apolloang > 2017-09-26 20:15 | Report Abuse

sale completed and gonna take this money to buy butaland swamp land.....hahaha

Posted by apolloang > 2017-09-26 20:21 | Report Abuse

u go protest to object the deal lo.....hahaha

Posted by TheContrarian > 2017-09-26 20:31 | Report Abuse

Now still LOI. Not a deal yet.

Posted by Yippy68 > 2017-09-26 22:45 | Report Abuse

by friday, you will know the outcome. no new is good new

Posted by Myway > 2017-09-26 23:00 | Report Abuse

The deal is very likely to go thru'. Remember that BPlant made the offer to Dutaland to buy. BPlant would not have made the offer to buy without some degree of certainty to close the deal. The timing of completion for BPlant land sales and the timing for Duta's SPA seem perfect.

Posted by TheContrarian > 2017-09-26 23:12 | Report Abuse

If deal goes thru no bumper dividend next QR.

Posted by Yippy68 > 2017-09-27 03:40 | Report Abuse

many has said on negative side, this one has some logic.thank you@investorA

Posted by cpo_ > 2017-09-27 04:02 | Report Abuse

Dutaland done deal? So dividend cut next?

Posted by Myway > 2017-09-27 07:44 | Report Abuse

CPO, you can take it as good as done.
In the last 6 months, I hear from many sources that BPlant talked to few others plantations owners to buy their plantations. They seem "very hungry" to acquire to increase their plantation size and 'invest" the proceed arising from the land disposal recently. Finally, they zero in to Duta plantations and approach Duta to buy.

Posted by Subrie > 2017-09-27 09:43 | Report Abuse

The acquisition will complete next year. Next 2Q will use IPO proceed and some of the malakoff fund to pay borrowing. we can see less interest expense for next 2 quarter.

Posted by Albukhary > 2017-09-27 17:28 | Report Abuse

Seriously, I feel that the deal with Dutaland will be on.

I have done some calculation, sharing here, hope it can benefit you guys.

Assume you are holding 30,000 BPLANT @ RM1.60 now, so your portfolio is RM48,000.

1) You should sell 10,000 Bplant at RM1.60, then you have RM16,000.

2) Use the RM16,000 to buy Dutaland at 60sen, then you will have 26,000 Dutaland.


Assume the deal is abort, Dutand land drop to 50sen, and Bplant go up to RM1.75.

So you still have 20,000 x RM1.75, plus 26000 x RM0.50 = RM48,000 (no change)


Assume the deal is on, Dutaland increase to 75sen, and Bplant drop to RM1.40.
So you still have 20,000 x RM1.40, plus 26000 x RM0.80 = RM48,8000 (gain RM800).

For me, Bplant is a dividend stock, no matter the deal is on or abort, the share price wont be fluctuate too much.

But Dutaland is different, if the deal on, the share price will anytime shoot to RM1.00. Even if it failed, maximum it drop back to RM0.45 only, because nowadays Dutaland is much much better than last time, it has cleared all its debts, and it owned many good property and land in KL and Sabah.

Posted by straycats > 2017-09-28 16:17 | Report Abuse

dutaland dropped more than usual fluctuations with increased volume. Any chance of cancellation?

Posted by apolloang > 2017-09-28 16:19 | Report Abuse

butaland no drop to 50cts yet for me to buy

Posted by bennychen > 2017-09-28 17:02 | Report Abuse

Why delay in announcing the deal is on or off....???

Posted by apolloang > 2017-09-28 17:04 | Report Abuse

cepat lah down to 50cts butaland,why cannot down one....hahaha

Posted by Subrie > 2017-09-29 09:44 | Report Abuse

Not delay la, you do not read the document properly. Its 30 days + 15 days.

Posted by bennychen > 2017-09-29 10:36 | Report Abuse

I meant after 30 days inspection should be able to decide to buy or decline the deal. No need to wait until the last days to announce. Why keep the deposit of RM15m with Dutaland if the deal is decline....

Posted by Subrie > 2017-09-29 10:51 | Report Abuse

correct but due diligence is not something that you buy normally. Once DD is over, you need to do all the modelling to calculate whether it is viable before deciding. might as well take all the time so you are comfortable with whatever that you will decide

Posted by Gen2 > 2017-09-29 12:45 | Report Abuse

Hope the deal is on, so that we can collect it at lower.

Posted by Why_ > 2017-09-29 12:46 | Report Abuse

drop today means Dutaland deal done? So B Plnt future dividend must cut?

Posted by Gen2 > 2017-09-29 16:00 | Report Abuse

I believe bplant is a cash cow for ltat, they have to maintain their superbly annual dividend rate of more than 10%!

Posted by InvestorAnalyst > 2017-09-29 20:22 | Report Abuse

Couldnt agree more. All boustead group give decent and good yield to shareholders except for bhic

Posted by TheContrarian > 2017-10-04 15:25 | Report Abuse

Dutaland is renewing its climb on high volume. Deal likely to go ahead, perhaps at lower price.

Posted by apolloang > 2017-10-04 15:27 | Report Abuse

NOOOOO I buy too little

Posted by joetay > 2017-10-04 15:40 | Report Abuse

@TheContrarian,,

if the deal goes thru, i think we will be expecting bplant to have increased planting expenses over the next few yrs while revenue will not likely see a marked increase.

do u think will have any cut in dividends????

Posted by Angel of KLSE 大马股仙 > 2017-10-04 15:51 | Report Abuse

don't buy swamp land! stupid!

Posted by free2invest > 2017-10-05 09:10 | Report Abuse

I think dividend will cut.

Posted by TheContrarian > 2017-10-05 09:45 | Report Abuse

Yes joetay, dividends not likely to be as generous as it used to be.

Posted by joetay > 2017-10-05 09:55 | Report Abuse

thx @TheContrarian.

seems like time to evaluate bplant as a dividend play.

i think if affin drops abit more, maybe can consider buying.

Posted by OSU1964 > 2017-10-05 10:43 | Report Abuse

Hi All , is 30 days +15 days is based on calendar day or working day?

Posted by adamsmith > 2017-10-05 10:45 | Report Abuse

based on holiday

Posted by TheContrarian > 2017-10-05 13:53 | Report Abuse

In the past Bplant was at times paying a higher dividend than its EPS. This was obviously too generous and they are now trying to cap the dividends within their earnings. Also, a big portion of their earnings have been gains on disposal of lands.

Posted by TheContrarian > 2017-10-06 17:31 | Report Abuse

Deal with Dutaland will proceed at RM750 million.

Posted by Gen2 > 2017-10-06 19:20 | Report Abuse

Yes, can collect it at low price.

Posted by Yippy68 > 2017-10-07 02:52 | Report Abuse

still have 30 days to sign up SPA..will there be an EGM?

Posted by Myway > 2017-10-07 04:26 | Report Abuse

BPlant has sent in an OFFICIAL OFFER to buy (no more a proposal). Once Dutaland confirm acceptance of the offer, the deal is considered fixed and no way out! Now it is only about preparing the SPA for both party to sign.

Posted by Myway > 2017-10-07 04:33 | Report Abuse

Better sell Bplant before too late. Very low earning from Bplant existing operations despite broad based recovery of yield for the industry and higher CPO price. Hopeless Management.

Worst still, the windfall proceed from recent land disposal will be used to buy a poor yielding plantation with low return. BPlant will have to spent huge capital to rehabilitate the Duta's plantations and to replant mostly very old palms.

Posted by Yippy68 > 2017-10-07 10:29 | Report Abuse

they confirmed an EGM, please attend.

Posted by Yippy68 > 2017-10-07 12:22 | Report Abuse

the deal result is as expected and bplant has stay steady at ipo price, many could has sold but some think it is a good deal.. the land after survey actually found better condition than what they offered to IOI. many years ago. IOI may be wanted it back. A piece of land sold RM820 millions , after so many years, it is not appreciated but been press cheaper, Now I think bplant management did a good deal after talking to their staff..i will buy if fall lower, this quarter dividend will not be affected ..next year may be...

Posted by Yippy68 > 2017-10-07 12:26 | Report Abuse

just sold a piece of land at discounted price, Dutaland price jump, if bplant sell their land in Semenyih, Kulai, malakof and Pegerang, the price will reach the moon.

Posted by TheContrarian > 2017-10-07 12:29 | Report Abuse

Dutaland shares prior to the sale was trading at deep discount, so it's natural for price to jump.

Posted by Yippy68 > 2017-10-07 12:37 | Report Abuse

the four piece of prime lands i mentioned is only 7 % of bplant land bank, it can be sold at about 3 to 4 billions. issued capital 0nly 2.56 billions.. how about the other 93% add 30000acres just bought.. dutaland is now landless.

Posted by ILoveReit > 2017-10-07 13:16 | Report Abuse

Hi, may I know how many acres of land that bplant having now?

Posted by Yippy68 > 2017-10-07 14:03 | Report Abuse

200000 acres added 30000 if deal not cancel like IOI. cancelled before SPA sign.

I will sell all my duta share if gap up and buy back BPLANT if drop more than 5 Sen.