BPLANT (5254) Overview - BOUSTEAD PLANTATIONS BHD

Better sell to Klk cheap

1 week ago

Sslee

On June 3, Syed Mokhtar, via his private vehicle Seaport Terminal (Johore) Sdn Bhd (STJSB) which owns a controlling 51.76% stake in MMC, announced that he plans to take the company private via an SCR exercise at RM2 per share.

The last time when Syed Mokhtar SCR MMC at RM2.00 and I do not know why on certain days someone sold down to below RM 1.80. I just collect more below RM 1.80 because I know the EGM will surely approve the deal.

As of Kuala Lumpur Kepong Bhd (KLK) has entered into a letter of agreement with Boustead Holdings Bhd (BHB) and the Armed Forces Fund Board (LTAT) to agree for the cut-off date for a strategic collaboration agreement (SCA) to be Sept 22 or such other date as may be agreed in writing between KLK, BHB and LTAT.

Will the SCA become effective/unconditional/legally binding is still uncertain as market talk is KLK overpaid for Bplant and you know Malaysia politicianss are having a field day turning the deal into racial issue.

By the way for pure plantation stocks you just need to know the FFB havest for the quarter, total borrowing the company have and MPOB spot price monthly average to know what the quarter result will be.

KLK is not paying for the Bplant plantation business but paying a high premium for the freehold plantation land Bplant have.

LTAT need the money and yearly dividend thus previously Bplant just sold some valuable land to report few hundred millions disposal gain to pay good dividend.
Note: Company Act 2016 only allow dividend payment from profit unlike previously Bplant can even borrow money to pay good dividend

Bplant palm trees are old and need Capex for replanting.

So whether to sell Bplant now or hold on is a decision you need to make yourself.

1 week ago

https://www.nst.com.my/business/feature/2023/09/956536/klk-has-most-financially-appealing-bplant-bid

2 strategy:
1. buy 1.46, sell 1.55
2. sell 1.46 cheap

1 week ago

alexgan9918

Wondering if I should hold to reach 1.55 or sell if off now? Hard to decide

1 week ago

Yippy68

haha, if your cost is 50 sen. you should sell at 1.46, you made nearly 200% ,why not. but if you are a day trader and you bought at 1.50, your are trapped.

1 week ago

calvintaneng

Tsh resources versus Bplant

1. Tsh recent lowest was 90 sen and now only Rm1.01 while Bplant recent lowest was 60 sen and now Rm1.46

that means that Tsh still a laggard while Bplant is up alot

buy low sell high now applies more to Tsh

2. Bplant owners Ltat and Boustead are under huge financial burden due to very high debt while Tsh's pared down debts from Rm1.4 billions to only a mere Rm77 mil next debt
plus directors of Tsh has been loading up to the hilt and holding firmly

3. Bplant is now a popular hot 🔥 stock as seen by many enthusiastic traders, punters, investors and what not ?

While Tsh has been under constant attacks by naysayers relentlessly

so more 90% likes Bplant while less than 10% cares to take another look at Tsh

history and real life experience tell us eventually more than 90% will lose money and only less than 10% will make money

So use your brain and think very carefully

1 week ago

TheContrarian

Why is Bplant dropping?

6 days ago

curiousq

You follow Calvin tips and loss a lot ?

6 days ago

stanleylua

6 days ago

so memang fixed RM1.55? or 1.3? 1.2?

6 days ago

OnTime

nothing is fixed until all parties sign on the dot dot line

6 days ago

kelvin61

The last update in Bursa, after KLK's last purchased made in the open market on 7 Sept 23 plus the stake bought earlier from LTAT amounted to 35.71%.

This have not included the offer from KLK which is pending to minorities soon at RM1.55, cheers.

6 days ago

Is 22 Sept 2023 (Friday) the ex-date?

6 days ago

Is it that those who hold the Bplant until 22 Sept 2023 (before 5 pm) will be sent offer letter of RM1.55?

6 days ago

But why is the Bplant share price going down and not heading to 1.54/1.55?

6 days ago

If follow the privatization of Oldtown, the letter of offer will be issued within 21 days from 25 Sept 2023 (notice of offer in KLK announcement).

6 days ago

KLK must have at least 90% of acceptance by 14 Nov 2023 (another 21 days).

6 days ago

Last thing is to receive the money shareholders sold Bplant to KLK (within 10 days from 14 Nov 2023).

6 days ago

The share price of Bplant will stay Queue at RM1.55. It won't go above RM1.55.

6 days ago

Seeking

What if less than 90% acceptance? Higher offer price from klk

6 days ago

One troubling matter is why KLK does not need an EGM to approve the purchase of Bplant in order that the STRATEGIC COLLABORATION AGREEMENT (SCA) becomes unconditional. MBSB needs an EGM to acquire MIDF and SIME needs an EGM to acquire UMW.

6 days ago

https://theedgemalaysia.com/node/682988

Besok.....LIMIT UP!!!!

6 days ago

ChloeTai: apa lu harap? malaysia boleh ma!

6 days ago

taitaumau

https://theedgemalaysia.com/node/682988
( dated 18 Sep 2023, 08:58 pm)
An extract:
** However, the minister noted that Boustead’s deal with KLK has yet to reach the stage where it requires his approval, adding that he is also in dialogue with the Ministry of Finance (MOF) to address Boustead’s other debt obligations. **
Does it mean ???
(A) pending his approval or
(B) his approval not required

5 days ago

back to 1.50+ today

5 days ago

@ACE9696, saya cuma berharap segala urusan pengambilalihan berjalan dengan sempuna dari mula sehingga akhir. Ini pengalaman baharu bagi saya.

5 days ago

@taitamau, Pak Mat is convinced that this takeover can be carry out by Boustead Holdings Berhad themselves without troubing him.

5 days ago

@seeking, If less than 100% acceptance, another week will be given. Referring back to OldTown Berhad, it reaches almost 100%. Every week, KLK will announce the percentage of acceptance until the 3 or 4 weeks. If still do not achive 90%, I also don't know. I am also learning new things.

5 days ago

k3nthiew

FYI, once the SCA turned unconditional, a notice of Unconditional General Offer will be issue, letter of acceptance will be available after 21 days from notice. Normally offer will be open for acceptance for 21 days and offeror can extend up to maximum 60 days, payment will be received within 10 days from the date of acceptance.

4 days ago

calvintaneng

With Tok Mat coming out with a statement that Bplant sale will help to prevent Boustead from financial distress the Mgo will now go through

If Bplant stays listed will be good however bplant will most probably be taken private

At Rm1.55 with all its "gold mine lands" not revalued we will never know the full eventual enterprize value of bplant.

We hope bplant can remain listed but if not there is still thplant, jtiasa and tsh with potential

However, invest only if you can buy and hold longer term

4 days ago

michael_jackson

wow... very good offer...RM1.55 my drean come true...impian become nyata lor. aku ingat dulu paling tinggi sekitar 1.20, lepas itu jatuh menjunam bawah 0.60 ada rezeki lah kali ini.

4 days ago

malaysiakuku

memang bagus juga ada orang beli syer aku. Rm1.55 wow. aku terima seadanya...haha

4 days ago

aku_cinta_padamu

Boustead Plantations to be taken private by KLK, major shareholders, at RM1.55 per share according to The Malaysian Reserve news. so boleh confirmed lah, if everything went smoothly ya.

4 days ago

@atk3nthiew, that means the ex-date is 21 days after KLK issues an unconditional general offer. Just hold on to the shares. KLK registrar is Symphony Share Registrar Sdn Bhd.

4 days ago

Anything don't understand, just call the registrar 03-78490777. I am also holding UMW to be acquired by Sime Darby at RM5.00. Now still standing (not moving) at RM4.77 with high trading volume (buy and sell themselves by Sime Darby).

4 days ago

Sime Darby EGM is on 16 Nov 2023. Shareholders will sure to pass the takeover proposal. Sime registrar is Tricor Sdn Bhd.

4 days ago

Bplant has moved up. UMW has not moved at all. Still got time to do bargain hunting.

4 days ago

rohank71

Sold my BPlant and told thanks to LTAT. My friends advised that I don't need the last 7 sens. Good Bye BPlant. Hope all U guys enjoy the ride.

May be want to consider Pharma or Affin as next target if the price is right. As LTAT said, they don't want to run businesses and let the experts do it, if true than BPlant deal will happen and so will Pharma and Affin sale.

4 days ago

ChloeTai, you rock! this time hoseh liao

3 days ago

calvintaneng

rohank71

good for you

but Bplant is unique because of its deep value land assets which if sold will unlock Billions $$$

For pharma there is razor thin margin profit and Affin already rich in value

a very similar asset play to bplant is Thplant

3 days ago

On behalf of the Board, RHB Investment Bank wishes to announce that the Company has entered into a second letter of agreement with BHB and LTAT to agree for the Cut-Off Date to be 6 October 2023 or such other date as may be agreed in writing between KLK, BHB and LTAT.

2 days ago

Every two weeks, they keep on delaying, until players get fed up, and sell cheap to KLK. Is it for a maximum of 8 weeks delay?

2 days ago