Posted by chan9301 > 2018-03-05 10:28 | Report Abuse

Surging ahead...bonus issue coming to Town? Cheers

Posted by brianklc > 2018-03-05 13:11 | Report Abuse

The might be technical issues regarding the bonus shares, it had been submitted to bursa on 28 Dec and till now approval from bursa still yet to get... look at the other companies that apply for bonus shares to be issued in the past 2 months, approval from bursa should be within a couple of weeks...

Posted by brianklc > 2018-03-05 13:19 | Report Abuse

imposing tariff is a measure to protect local market, WE also impose tariff to protect our market, one of it, cars.... being a bully is to invade others market, protecting own is not... Eg. By encouraging to sales of local raw material... how to classify them as bully? Dumping crude oil at the world market...

Posted by brianklc > 2018-03-05 15:45 | Report Abuse

Noticed there is a trending of institutional buyers going for "safe heaven" shares like BP during market down, evidenced for the past 3 days. But once market back normal, BP selldown will happen... you can refer to BStead, although BStead is majority holder of BP, but BStead price is falling, which is consistent with overall bursa... BP is showing the opposite and despite the -ve news on palm oil market... just my 2 cents... so, invest with caution...

Posted by brianklc > 2018-03-05 16:41 | Report Abuse

Player's bluff have been unmasked, sudden withdrawal of buyers at RM1.75

Posted by Jaya > 2018-03-06 03:27 | Report Abuse

I shall buy more at 1.74 tomorrow

Posted by brianklc > 2018-03-06 11:01 | Report Abuse

actually the fair price for BP is around RM1.72... RM1.72 being RM1.69 (Price before dividend announcement)+ Dividend RM0.04. The balance negative RM0.01 is due to drop in palm oil prices in the past 2 weeks due to increase in India tariff and lower China purchase as well as funding cost between now till actual dividend payout date... my 2 cents...

Posted by brianklc > 2018-03-06 11:03 | Report Abuse

anything higher thn that to me is a price variance risk

Posted by Jaya > 2018-03-06 19:25 | Report Abuse

1.81 here it comes

Posted by Jaya > 2018-03-06 19:50 | Report Abuse

Bonus ex date to be declared after dividend ex date

Posted by TheContrarian > 2018-03-06 20:19 | Report Abuse

Need to convene EGM first to approve bonus issue.

Posted by joetay > 2018-03-06 20:38 | Report Abuse

bro, u think the corp exercise can punt on????

Posted by TheContrarian > 2018-03-06 20:46 | Report Abuse

I already exited Bplant sometime ago. With Dow Jones erratic, not worth the risk to punt.

Posted by joetay > 2018-03-06 20:47 | Report Abuse

i see, bro.

not really into plantation stocks now since i dont see any spectacular gains.

might as well focus my bullets elsewhere.

Posted by chan9301 > 2018-03-07 01:56 | Report Abuse

Brianklc.TheContrarian... Bursa approved Bonus first and then EGM to endorse it? BOD has no power to new issue of securities.. ?

Posted by Jaya > 2018-03-07 08:14 | Report Abuse

Bplant
Buy buy buy

Posted by brianklc > 2018-03-07 14:53 | Report Abuse

chan9301, i have no idea... but normally bursa approval have to come first... else, wht is the point they submit on 28 Dec? 2 possibilities might happen, bursa require them to have EGM on this or bursa asked them to finalise the sabah land purchase. coz if the sabah land fail to materialize, they will have to pay dividend instead of issue bonus... my 2 cents...

Posted by bepubepi > 2018-03-07 15:18 | Report Abuse

Going forward bplant may suffer because malaysia lost the EU market for cpo bio diesel export. Eu banned importation of cpo and it's one single huge export market that is irreplaceable.

Secondly, India also increased cpo import tariff levy from 30% to latest 44% will basically killing cpo exporters and planters. The increased tariff was designed to ward off importation of cpo. Fyi, India is the largest cpo consumer in the world.

When demand for Malaysia's cpo export has been reduced from these 2 single largest export markets, most planters rather sold off their lands and diversify into other business. That is also why Bplant decided to dispose its own plantation lands in stages.

This year onward cpo price will be softer so does earnings of planters.

https://themalaysianreserve.com/2018/03/07/msia-to-appeal-to-india-on-palm-oil-import-tax-hike/

https://www.nst.com.my/business/2018/03/341297/no-free-trade-agreement-if-eu-bans-palm-oil-mah

http://www.theedgemarkets.com/article/ram-sees-softer-cpo-prices-2018-production-outstrips-demand

Posted by brianklc > 2018-03-07 16:02 | Report Abuse

The above is known facts, already published, market already absorbed this info..

Posted by chan9301 > 2018-03-07 16:11 | Report Abuse

But this is not the first time EU n US tried to sabotage palm oil to protect their Soya oil n economy. Softer but not overnight free fall ma!

Posted by brianklc > 2018-03-07 16:17 | Report Abuse

it wont happen overnight, china envoy already promised to get palm oil from Malaysia, but they a having some stock pile at the moment, wait till stockpile low, thn demand will ramp up... again, this takes time...

Posted by TheContrarian > 2018-03-07 20:10 | Report Abuse

All new issue of shares exceeding 10% of the total number of existing shares including bonus issue requires prior approval at an EGM as stipulated by the Companies Act. Approval from Bursa is required for the purpose of listing of the new shares.

Posted by chan9301 > 2018-03-07 21:22 | Report Abuse

TQ for the info. So it appears it will take sone time before we get our bonus shares

Posted by brianklc > 2018-03-08 10:38 | Report Abuse

I think is the other way round, bursa must approve 1st thn only EGM can be called. Else, not logical to submit to bursa on 28 Dec. Intention was to call for EGM upon receiving bursa approval... you can refer to Hai-O bonus issue timeline in 2017...

Posted by InvestorAnalyst > 2018-03-08 10:42 | Report Abuse

Correct. Need to submit to bursa for approval then call for EGM. However, even if sabah acquisition fail to materialise, need to give bonus issue as it is 2 separate matters. Bonus share comes from share premium.

Posted by brianklc > 2018-03-08 10:45 | Report Abuse

25 Jan 2017 Proposals has been submitted to Bursa Securities
17 Feb 2017 Obtained approval from Bursa Securities
23 Feb 2017 EGM notice circulated
15 Mar 2017 EGM conducted and bonus issue approved by shareholders
31 Mar 2017 Bonus issue listed

Posted by brianklc > 2018-03-08 10:47 | Report Abuse

hence, BP have even yet to complete step 2, cant proceed to step 3 to call EGM

Posted by brianklc > 2018-03-08 10:53 | Report Abuse

if Sabah land fail, straight lost deposit of RM75mil...

Posted by brianklc > 2018-03-08 10:58 | Report Abuse

Sorry have to repost this again...

Timeline from Hai-O as follows:-

Step 1- 25 Jan 2017 Proposals has been submitted to Bursa Securities
Step 2- 17 Feb 2017 Obtained approval from Bursa Securities
Step 3- 23 Feb 2017 EGM notice circulated
Step 4- 15 Mar 2017 EGM conducted and bonus issue approved by shareholders
Step 5- 31 Mar 2017 Bonus issue listed

Hence, it takes around 2 months from the date of submission to bursa (Step 1) to Listing of bonus (Step 5).

BP submitted the proposal on 28 Dec (Step 1), now 2 months passed, not even proceed to Step 2.

Posted by InvestorAnalyst > 2018-03-08 12:29 | Report Abuse

Since the acquisition will also require approval at the EGM, they might put the proposal of acquisition and bonus together and the circular into 1 which will take more time.

Posted by brianklc > 2018-03-08 12:55 | Report Abuse

Issue is the timing... why submit bonus proposal to bursa on 28 Dec knowing its not going to be so soon? I don't know if there is a time frame given by bursa to conduct EGM for bonus issue upon approval, but if there are no time frame, approval from bursa should have been obtained earlier...

Posted by InvestorAnalyst > 2018-03-08 17:11 | Report Abuse

no time frame for EGM but must be completed within 6 months once approved by bursa but can be extended as stated in mmlr

Posted by brianklc > 2018-03-08 17:24 | Report Abuse

strange, approval should have come long time ago thn... coz timing of EGM is flexible...

Posted by TheContrarian > 2018-03-08 17:59 | Report Abuse

Bursa approval merely required for listing and quotation of the bonus shares. It's supposed to be just a formality. Once obtained the EGM can be convened.

Posted by brianklc > 2018-03-08 19:02 | Report Abuse

My concern is, after 2 months approval still yet to get. No approval, no EGM...

Posted by TheContrarian > 2018-03-08 20:08 | Report Abuse

Yes, very strange that Bursa hasn't given approval. Should have been a mere formality.

Posted by Jaya > 2018-03-08 20:39 | Report Abuse

Brianklc & TheContrarian don’t put doubts in people’s mind to sell cheap
EGM shall be announced ex dividend date for bonus
You 2 are scare mongering to get shares cheap for yourselves
BP shareholders here hold tight it shall happen and make your profits and not bow down to this 2 rumour mongers

Posted by chan9301 > 2018-03-08 20:48 | Report Abuse

Even chicken brain can read and understand lo. DONT get excited...cheers

Posted by chan9301 > 2018-03-08 20:53 | Report Abuse

See investors reactions on X Div Monday.

Posted by brianklc > 2018-03-08 23:27 | Report Abuse

J, am just telling facts, do u think retail investors will move the market? Try survey other counters and u will understand..

Posted by brianklc > 2018-03-08 23:38 | Report Abuse

Reality is bonus issue delayed for unknown reason... Have u checked their Q3 and Q4 announcement? Did u noticed they change the expected bonus issue completion date??? Rumour mongers, my foot!!!

Posted by Jaya > 2018-03-09 04:53 | Report Abuse

Brianklc your foot is not investing lol
After ex date I shall buy more

Posted by Jaya > 2018-03-09 04:53 | Report Abuse

Worth

Posted by chan9301 > 2018-03-09 07:36 | Report Abuse

Pls dont get emotional la. Bad for health. Brian only shares his opinions to this forum. It is your money..so do what you want. Cheers

Posted by chan9301 > 2018-03-09 09:44 | Report Abuse

Last day for Cum Div??

Posted by brianklc > 2018-03-09 12:33 | Report Abuse

today is last day for cum div

Posted by brianklc > 2018-03-09 13:02 | Report Abuse

ppl like J who nvr read FS and study fundamental before invest will sure burn money

Posted by brianklc > 2018-03-09 13:03 | Report Abuse

chan, i share facts, based on facts, i come out with possible scenarios... its for all to consider, somehow, someone cant take it (coz invest blindly)... for the rest, its just part of their calculated risk...

Posted by chan9301 > 2018-03-09 17:12 | Report Abuse

Cheers, Bless all for your sincere sharings. Lets share wisely and shy the devils.

Posted by chan9301 > 2018-03-09 17:15 | Report Abuse

Monday ..X Div...crucial point to make decision.