BOUSTEAD HOLDINGS BHD
KLSE (MYR): BSTEAD (2771)
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Last Price
0.86
Today's Change
+0.005 (0.58%)
Day's Change
0.855 - 0.86
Trading Volume
1,046,100
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
7 people like this. Showing 50 of 4,921 comments
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????
2 months ago
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.
2 months ago
Every co or entity depends on real income to prosper or survive
Where did Ltat gets its income from?
From investments of course
Even the kings of old are served from the field
So where will Ltat real income now derive from
No more easy Contract as Pm Anwar in charge. Bhic won't be good
Pharma is in deficit due to expired vaccine and now need help
As for Affin bank it has given out 30 sen dividend
The logical deduction is the cash to be released from bplant valuable assets
2 months ago
Hi, already losing big time average cost rm2.69. Should I buy more now to average down unit price and then accept buy out price 85.5 cent? Pls advice this move before coffin buried. Tq
2 months ago
No more adventurous..
now how to narrow down loss. What do you think of my options?
2 months ago
hey dumb8888, can consider selling Boustead and buying into Affin and/or Boustead Plantation.
1 month ago
Hi Contrarian, if I sell now would incur higher fee compared to exercise buy out which mbb investment charge RM15 only. Every cent counts. Do you think there is any possibility of higher offer from ltat later?
1 month ago
Not likely of an higher offer because LTAT has accumulated beyond 74%. If you wait for the buyout, Affin and Boustead Plantation share prices would rally and go up by then.
1 month ago
TheContrarian, with such high NTA why are the minority so willing to settle with 85.5 cent? Ltat con job with minorities shareholders.
1 month ago
did you guys receive a phone call from Boardroom Share? They called me asking if I want to take up the offer.
1 month ago
Maybank investment whatapp me giving dateline to reply by 20th May 4pm. Still praying for higher offer price
1 month ago
Agreed to dumb888, almost 50% discount on NTA, better wind up and liquidate the company, then distribute the NTA to shareholders.
1 month ago
As at 3rd April , LTAT owns 74.3% only . The chance to secure at least 90% control looks very challenging.
There is still about 540 mil shares in minority hands . Assuming LTAT has to revise the offer to $1.00 that will cost LTAT another $78 mil only . You think LTAT will give up the privatization because of additional $78 mil ?
Minorities who have sold in open market will not be entitled to any price revision.
1 month ago
Most minority shareholders who were willing to accept the offer would have sold in open market at the same price instead of holding out . I guess the remaining are not easily giving in without a ‘fight’. Just my view
1 month ago
After settling Boustead (hopefully at higher price), direct my fund to Bplant. I think quicker asset monetisation activities will happen in Bplant satisfying LTAT’s objective of realizing higher shareholder’s value and generating cash which are needed for paring high debts in LTAT and Boustead holdings.
LTAT will effectively control 68% Bplant after Bstead privatization ( 10.6% LTAT + 57.4% thru boustead holdings). Generous dividend payout from Bplant is expect to ease LTAT and boustead debts burden. Just my view
1 month ago
Hi Johnzhang, I intend to wait till the last moment before making any accepting offer at 85.5. Do you mind sharing with me where is the link that would show me the latest shareholding % by ltat so I can know my position better? Tqvm
1 month ago
Dumb8888, you may go to below link to Bursa Malaysia website . There is daily update .
https://www.bursamalaysia.com/market_information/equities_prices?keyword=BOUSTEAD+HOLDINGS+BHD&top_stock=top_active&board=&alphabetical=§or=&sub_sector=
1 month ago
Posting date is 23 March
1st closing date is 22 May ie 60 days from posting date.
Revise offer ， if any , to be declared by 8 May ie 46 days from posting date .
1 month ago
If you don’t need the cash No hurry to sell or accept the offer before 8 May. Just hold out until then to see what happens. Just my view
1 month ago
I think it reacted to this news:
LTAT sells 112.56 million shares in Affin Bank to Sarawak state entity
https://www.thestar.com.my/business/business-news/2023/04/13/ltat-sells-11256-million-shares-in-affin-bank-to-sarawak-state-entity
1 month ago
As at 11 April, LTAT only secures about 75% from open market purchases and from the acceptance .
Judging from today’s price movement and the very low sell orders above 85.5 sen, LTAT shall face uphill task to get 90% by the closing date . LTAT better listen to all the remaining minority, especially the corporate shareholders to close the price expectation gap.
Book value of boustead is about $1.60. Realizable value of all the assets is much higher than $1.60. It is palatable for LTAT to even consider $1.20 as their gain will eventually be very huge and it doesn’t cost LTAT a bomb to up the offer for the remaining 25%.
1 month ago
Sure they will raise the offer, but not now. They will take the chance to buy as much as they can.
1 month ago
INDEPENDENT ADVICE CIRCULAR
Fairness of the Offer
We are of the view that the Offer is NOT FAIR as the Offer Price of RM0.855 represents a
discount of RM0.708 and RM0.896 or approximately 45.30% to 51.17% over the estimated
value per BHB Share ranging between RM1.563 and RM1.751 derived using the SOPV
methodology.
1 month ago
Dateline to accept coming closer but still no sign of any counteroffer. Haiz....
3 weeks ago
Look out for the announcement that the takeover offer being declared unconditional. After the offer being declared unconditional, we still have at least 14 days to accept the takeover offer .
Do you own analysis and make your own decision.
2 weeks ago
look like LTAT can't get 90%. better pile up as it can be another FGV. don't meet public spread and price fly high.
2 weeks ago
That means that they can compulsorily aquire the balance 10 % dissenting shareholders. Those who still hold Bstead shares now no need to do anything. https://www.nst.com.my/business/2023/05/910546/ltat-firmly-track-privatise-boustead-now-owns-over-90pct-stake
2 weeks ago
But then have to wait longer to get money and might miss buying opportunity of another counter.
2 weeks ago
Note that the offer has not yet become unconditional ( still conditional on the approval by regulatory authorities ). But very slim possibility that the whole offer could be withdrawn.
2 weeks ago
There are 2 very important dates we have to keep in mind, i.e. (i) 12 June 2023 the date on which the Offeror must fulfil the BNM Conditions, otherwise the Offer will lapse and (ii) 26 June 2023 on which the Offer will remain open if the BNM Conditions are fulfilled after the First Closing Date 22 May 2023.
Of course there is a real risk that if the Offer will lapse then the market price of 85.5 sen per share cannot be sustained.
2 weeks ago
I am not going to sell, LTAT need Boustead to pay dividend then LTAT can pay their members every year. So i will maintain as Boustead shareholder as LTAT to receive dividend every year. Other company may have risk, but Boustead is bonded to pay dividend to LTAT
1 week ago
IF you need your money then sell, because this money will be locked until they offer u to sell again
1 week ago
Not sure if the 90 % compulsory acquisition rule applies to total number of shares in the company OR 90% of shares not held by LTAT at the time of offer ( which is 40 % or 27.2% ?)
1 week ago
Now definitely will be delisted, you can't sell after that, think twice if you wanna hold
1 week ago
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BobAxelrod33
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.
2 months ago