BOUSTEAD PLANTATIONS BHD

KLSE (MYR): BPLANT (5254)

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16 people like this.

12,578 comment(s). Last comment by newlyblaze 2 weeks ago

Posted by InvestorAnalyst > 2018-03-09 17:39 | Report Abuse

brianklc, i you read the quarter result, it is stated there that it will be completed in the 2nd quarter. unless has lapsed then it is another matter. so for now there is no "delay".also, in submission documents to bursa, one of it require the company to tell bursa the estimated time frame for completion

TheContrarian

9,429 posts

Posted by TheContrarian > 2018-03-09 18:51 | Report Abuse

If you take OSK Holdings timeline of their recent bonus issue : Bonus issue proposed on 22-8-17, submitted for approval to Bursa on 29-9-17, Bursa approved on 11-10-17, EGM convened on 14-11-17, trading of shares went ex-bonus on 27-11-17, new bonus shares listed in 30-11-17.

TheContrarian

9,429 posts

Posted by TheContrarian > 2018-03-09 18:57 | Report Abuse

Bursa took a long time to approve.

brianklc

1,624 posts

Posted by brianklc > 2018-03-09 22:01 | Report Abuse

Q3 announcement says to be completed in Q118, Q4 announcement says to be completed in Q218. Goal Post shifted.

brianklc

1,624 posts

Posted by brianklc > 2018-03-09 22:02 | Report Abuse

Anyway, Step 2 completed

brianklc

1,624 posts

Posted by brianklc > 2018-03-09 22:15 | Report Abuse

BP is smart to time their announcement... Feb production is 68k MT compared to Jan 83k MT

TheContrarian

9,429 posts

Posted by TheContrarian > 2018-03-09 22:22 | Report Abuse

Actually it was Bursa delaying approval. Bplant has been waiting for Bursa's approval letter since December last year.

brianklc

1,624 posts

Posted by brianklc > 2018-03-09 22:27 | Report Abuse

Timing of the Feb production announcement

brianklc

1,624 posts

Posted by brianklc > 2018-03-09 22:37 | Report Abuse

Contrarian, I checked bursa approval on bonus issue for other Corp for the past 3 months, all averaging 2 weeks from submission date, just don’t know wht happen...Anyway, it’s academic now...

TheContrarian

9,429 posts

Posted by TheContrarian > 2018-03-09 22:45 | Report Abuse

Yes, Bursa's approval supposed to be a mere formality. Probably the submission was defective, containing typing errors or incomplete or they forgot to sneak in the dedak. Hahaha.

brianklc

1,624 posts

Posted by brianklc > 2018-03-09 22:58 | Report Abuse

AffinHwang is among the best in the industry, Hai-O is managed by them too, don’t think it’s error... perhaps like u say, dedak... hahaha...

brianklc

1,624 posts

Posted by brianklc > 2018-03-09 22:59 | Report Abuse

With the production for Jan and Feb. Q118 won’t be as good as Q417?

TheContrarian

9,429 posts

Posted by TheContrarian > 2018-03-09 22:59 | Report Abuse

Good luck to you. I already exited Bplant in November or December last year after release of the 3rd quarter QR.

brianklc

1,624 posts

Posted by brianklc > 2018-03-09 23:05 | Report Abuse

If u were to stay on, u would have earn more... unless u r those tht let go at 1.78-1.80

TheContrarian

9,429 posts

Posted by TheContrarian > 2018-03-09 23:08 | Report Abuse

Scroll up and check my posting when I sold, I mentioned the price I sold.

TheContrarian

9,429 posts

Posted by TheContrarian > 2018-03-09 23:11 | Report Abuse

I sold on 22/11 at RM1.79 for a huge gain plus lots of dividends every quarter for a couple of years.

brianklc

1,624 posts

Posted by brianklc > 2018-03-09 23:18 | Report Abuse

Yup, they do give good div yield as their price doesn’t change much from IPO those days.

brianklc

1,624 posts

Posted by brianklc > 2018-03-09 23:22 | Report Abuse

Now I m hoping more Malakoff land sales to sustain its div yield

TheContrarian

9,429 posts

Posted by TheContrarian > 2018-03-09 23:23 | Report Abuse

I wasn't happy with the Dutaland proposed acquisition.

TheContrarian

9,429 posts

Posted by TheContrarian > 2018-03-09 23:26 | Report Abuse

Bplant's style is to sell portions of land to maintain quarterly dividend payout.

brianklc

1,624 posts

Posted by brianklc > 2018-03-09 23:28 | Report Abuse

The acquisition is need to increase their landbank, RM75mil already paid, no turning back...

TheContrarian

9,429 posts

Posted by TheContrarian > 2018-03-09 23:31 | Report Abuse

I have moved into Cepatwawasan for oil palm exposure of my portfolio.

brianklc

1,624 posts

Posted by brianklc > 2018-03-09 23:35 | Report Abuse

Cepat kaya?

TheContrarian

9,429 posts

Posted by TheContrarian > 2018-03-09 23:48 | Report Abuse

Limited downside because it is trading at around half its NTA. A bigger plantation company might one day decide to make a takeover offer.

brianklc

1,624 posts

Posted by brianklc > 2018-03-10 13:49 | Report Abuse

Hah, u check Amfirst REIT, it’s also trading at half of its NTA, but already tired of average purchase down already...

TheContrarian

9,429 posts

Posted by TheContrarian > 2018-03-10 14:27 | Report Abuse

I don't like REIT, there's downside risk if tenants move out. Anyway, so many counters trading much below NTA. Some companies' NTA are fictitious. So need to be careful. Affin is a bank currently trading about half its Net Assets. Affin is part of the Boustead group.

Posted by tayarpancut > 2018-03-12 09:58 | Report Abuse

Downhill from here game over

Jaya

1,585 posts

Posted by Jaya > 2018-03-12 22:15 | Report Abuse

Bplant buy buy buy

Jaya

1,585 posts

Posted by Jaya > 2018-03-13 02:56 | Report Abuse

TP tomorrow 1.75

Jaya

1,585 posts

Posted by Jaya > 2018-03-13 10:15 | Report Abuse

Bought another 20k shared

Jaya

1,585 posts

Posted by Jaya > 2018-03-13 10:25 | Report Abuse

Goodnight everybody
Time to sleep

Jaya

1,585 posts

Posted by Jaya > 2018-03-13 10:31 | Report Abuse

Avg buy 1.67

Jaya

1,585 posts

Posted by Jaya > 2018-03-13 10:38 | Report Abuse

Buy QES

brianklc

1,624 posts

Posted by brianklc > 2018-03-13 13:06 | Report Abuse

Oil palm biz is under pressure, expect to see some short period of downtrend once sabah land complete... interest cost (from revolving loan) will go up and it takes some time for the production (from sabah land) to pick up...

Jaya

1,585 posts

Posted by Jaya > 2018-03-14 04:21 | Report Abuse

Bplant is a buy even @ 1.72

brianklc

1,624 posts

Posted by brianklc > 2018-03-14 09:13 | Report Abuse

Jaya, who are you to recommend? Rumour monger!

brianklc

1,624 posts

Posted by brianklc > 2018-03-14 09:14 | Report Abuse

So what happen to ur TP of 1.75?

brianklc

1,624 posts

Posted by brianklc > 2018-03-14 09:15 | Report Abuse

Pitty of u sleeping later and later everyday

brianklc

1,624 posts

Posted by brianklc > 2018-03-14 10:11 | Report Abuse

AGM to be held on 13 Apr @ 9am, expect them to announce the date of EGM on the same date too... The AGM for Bstead is in the afternoon...

Jaya

1,585 posts

Posted by Jaya > 2018-03-14 10:36 | Report Abuse

Brianklc
Got money can buy and not talk about it & try to confuse people like you

brianklc

1,624 posts

Posted by brianklc > 2018-03-14 11:09 | Report Abuse

oh, yeah, sapu a lot today... so tonight cant sleep?

Jaya

1,585 posts

Posted by Jaya > 2018-03-14 13:31 | Report Abuse

Never had problem sleeping in Essex
But tired of the shit you write here all the time

brianklc

1,624 posts

Posted by brianklc > 2018-03-14 13:52 | Report Abuse

you writing shit, with all your fictitious TP and buy calls...i writing facts, with references...

brianklc

1,624 posts

Posted by brianklc > 2018-03-14 13:52 | Report Abuse

so how many shares u let go today?

brianklc

1,624 posts

Posted by brianklc > 2018-03-14 13:54 | Report Abuse

very surprised of your buying calls whn BP is under selling pressure today...

brianklc

1,624 posts

Posted by brianklc > 2018-03-14 15:29 | Report Abuse

Annual Report for the coming AGM

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