BSTEAD (2771): Financials Summary, Key Results, Growth

3 pm foreign funds come in to sell, this is common sense due to different time zone.

3 weeks ago

@speakup, those who bought above 85.5 sen are merely throwing away their money.

3 weeks ago

777777

few big buy at 500,000 each time @855 in the last 5 minutes

3 weeks ago

LTAT and/or friendly parties would have mopped up over 200 million shares so far representing 10% of the total shares.

3 weeks ago

ZitradeTrendTrader

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3 weeks ago

https://www.theedgemarkets.com/node/657769

3 weeks ago

Sell Boustead and buy into Affin.

3 weeks ago

Affin the sacrificial lamb was used to bailout the others in their stable.

3 weeks ago

chinaman

gomen has no business in business. then tax payee bail out again. then debts break myr1.4trllion. then gst.

3 weeks ago

Ambank should buy Affin

3 weeks ago

Ambank buys Affin, windfall for Affin minorities. Go, go, go buy Affin.

3 weeks ago

Affin is too small. They need to merge or he bought over. Same goes for mbsb, alliance bank, bimb.

3 weeks ago

Windfall for Affin minorities coming.

3 weeks ago

Happy morning all

Boustead has reached the ceiling

Go for bplant with better upside potential

3 weeks ago

Bplant has over 220,000 acres of lands still at old book value

Both Boustead and bplant lands and assets got over 100 years history since Long Jaffar founded tin in Larut (circa 1848)

Lands bought at rock bottom prices now full of IMMENSE VALUE

Just sell one piece Seberang Prai North lands can bring in Rm1 Billions

Dividend payout from Bplant will help Boustead

3 weeks ago

Boustead only need Rm700 mil plus to take it private

Rm700 million plus sap sap sui since Bplant land assets worth multi Billions

3 weeks ago

Bplant has landbank ..... Affin has bank ....... sell Boustead and buy both.

3 weeks ago

LTAT announced that they have purchased over 211 million Boustead shares from the open market on Friday raising their shareholding to 70%.

3 weeks ago

LTAT bought max 85.5
so who sor chai buy 86?

3 weeks ago

Hamdan80

i think now is a good time to invest

2 weeks ago

IzwanJohari

Boustead needs a change, a takeover could be a good thing. just my opinion

2 weeks ago

LTAT is not taking over Boustead, it is already in control of Boustead. LTAT is taking it PRIVATE and delisting it like OSK did on PJ Development Bhd.

2 weeks ago

nicholas99

yeah. got land. can privatize.. stock macam pharma. no asset 1. hard a bit

2 weeks ago

Post removed.Why?

2 weeks ago

Post removed.Why?

2 weeks ago

@BobAxelrod, offer at 85.5 sen.

2 weeks ago

My bad...855c..

Thanks for the correction.

2 weeks ago

LTAT shareholding in Boustead has exceeded 72%.

2 weeks ago

Those who buy 86 now losing 0.5¢

2 weeks ago

I think it is too early to rule out that LTAT will not revise up the offer price within the 46 days from Offer Posting Date . At least LTAT has not ruled it out. It all depends on the offer acceptance level .
I rather accept LTAT ‘s offer vide the offer document than to sell in open market now . In the event that LTAT decides to up the offer to secure at least 90% control, those who have accepted the offer earlier will get the higher price , but not those who have sold in open market.

2 weeks ago

LTAT does not require the Motion to be voted since they are Majority shareholder with over 59.42%.

The Offer Price should stay and for those minorities to accept within 21 days.

2 weeks ago

Post removed.Why?

2 weeks ago

Pls read the takeover offer letter to Bstead dated 2nd March . Some of the conditions and periods of offer are all stated there . The offer is valid for 60 days from the posting date of offer document. For revised offer , it has to be made within 46 days from the offer document which will be posted to minorities within 21 days from 2nd March , the day Bstead is notified of takeover offer .

2 weeks ago

@Johnzhang, right now it's a matter of opportunity cost. Sell now at 85.5 sen and redeploy proceeds to another counter which will eventually rise or hold out and hope LTAT will revise the offer price higher.

2 weeks ago

@TheContrarian, I can wait for another few weeks . The opportunity to pick another potential counter is always there .

2 weeks ago

Minorities who are willing to accept 85.5 sen would have or will very soon be selling in open market at same price .
Just monitor the volume LTAT able to soak up in the next 1-2 weeks to assess if LTAT shall get at least 90% acceptance to force the remaining minorities to give in .

2 weeks ago

The selling at 85.5 sen seem disappear today.

2 weeks ago

investingiscommonsen

https://klse.i3investor.com/web/blog/detail/investmentknowledge/2023-03-11-story-h-276217990-privatization_of_Boustead

hi, this is my little thought on Boustead Privatization . Feel free to give comments

2 weeks ago

Some thoughts on Boustead

Since Ltat needed more than Rm600 millions cash to take over Boustead it will get cash

From its own saved up capital

Or from more bank borrowings

Or from selling some assets to
get back cash

Where will cash come from?

Already highly geared Boustead will find it harder to borrow unless pay a higher interest

Or sell assets of subsidiaries?

And look at these

Pharmania
Not enough money
Will need to raise capital by pp or Rights issue

Bhic
No earnings and full of problems still not resolved

Affin Bank
This ok but Banks are under control by Bank Negara
Only just done was the 30 sen dividend payout

Bplant
This one has lands bought more than 100 years ago since year 1848 when Long Jaffar founded tin in Larut

Bplant started with rubber and now into palm oil

Latest Ar shows its own over 240,000 acres of plantation lands

In Peninsular many are freehold and located near growing towns and cities

So how big is 240,000 acres?

About 500,000 old sq besi airport or Bandar Malaysia

Or more than the entire landmass of Spore at 180,000 acres

Bplant already unlocked over 22 sen dividend last two years

So we can expect more

1 week ago

Correction

Bplant 240000 acres land equal to about 500 Bandar Malaysia lands

1 week ago

And I always thought you were a Professional.....now, laugh die me...

It is LTAT taking Bstead Private and paying from their own coffer.....

You mean Bstead is paying the 600+ million to go Private and wholly owned by LTAT???

Mana sekolah lu??........hahahahahahaha

Posted by calvintaneng > 18 seconds ago | Report Abuse

Some thoughts on Boustead

Since Ltat needed more than Rm600 millions cash to take over Boustead it will get cash

From its own saved up capital

Or from more bank borrowings

Or from selling some assets to
get back cash

Where will cash come from?

Already highly geared Boustead will find it harder to borrow unless pay a higher interest

Or sell assets of subsidiaries?

1 week ago

Bstead need to borrow 600+ Million to pay minorities?????.....LOL

1 week ago

Do you know what is 600+ millions to LTAT.....just a parking ticket fee......laugh die me.

1 week ago

Go see boustead balance sheet

It has Rm6.7 BILLIONS BORROWINGS

Only Rm700 mil cash

So Debt less cash Boustead has a high debt of RM6 BILLIONS ON ITS BALANCE SHEET

NOW PHARMA IS IN NEED OF CAPITAL AS WELL

1 week ago

Nah....no point to debate with a 2 year old kid....he knows nothing.

He still thinks Bstead is raising the 600+ Millions to pay minorities..........my toes are laughing so hard....even my pet fish is rolling on the floor laughing.

1 week ago

What a stu....peed investor calling himself a sifut???

Robert Kiyosaki said Debts are good if you can manage them to your favour.

And what's the NA of Bstead?? 1.62????.... and LTAT is paying 855c a piece????

1 week ago

yongyong88

LTAT is buying out the other shareholders of boustead. LTAT is like the EPF for soldiers. Yes, 600 million is nothing to LTAT, that's why the shareholders are demanding a higher price.

1 week ago

anthonytkh

600M is not nothing. Not for any of our GLICs.

1 week ago