Looks like an elaborate scheme. Bye. Good bye. Psst Good buy. Buy. 😆

The following appeared right here in forum 4 days ago:

was told LTAT Boustead doing exercise to sell BPlant to highest bidder. all big players are bidding. closing date is next Friday.

How about this report?

https://www.businesstoday.com.my/2023/06/19/shareholder-should-hold-boustead-plantation-for-potential-general-offer-maybank-ib/

Where did MIDF obtained the informations?

https://www.dagangnews.com/article/bida-ekuiti-boustead-ytl-power-mahu-kembangkan-segmen-tenaga-boleh-diperbaharui-kata-midf-27563

Semantics and legally correct statements. How to interpret the following: The Company will make the necessary announcements as and when it becomes aware of any material development involving the Company.

It simply rubbished the The Edge's report. Did the reporter obtained credible informations for his article or he simply assembled "unverified information" gather from this forum and elsewhere? I stand corrected.

Bought 100 lots at 0.975. 😎

12.43 pm
Boustead said they will put matter in perspective and not through news outlets on the Edge report.

😁

People from the Edge read comments in this forum?

Are there announcements?
Today buy rate :
2pm 43%
3pm 49%
4pm 70%

1.01
2.6m buy 385k sell
1.00
2.8m buy 1.17m sell

Is this UMA? Bursa is silent. BPlant is equally silent. Left with are speculations. If BPlant is such a value buy, the Predators would have long bought up it's shares on the cheap. Not now. Haha

I am inclined toward Maybank Insight on General Offer to take BPlant private if the Market Buzz is for real.

Unlikely LTAT will let go of BPlant and it's priceless land bank. It will be lost forever! Politically sensitive too. The only option will be to take it private. By that it can conduct it's business as usual and not tied down by listing rules.

Are we going to see volume turnover in the 50 millions like in 2020/2021?

Anything is possible. I may speculate the possibility of it being taken private cheaply.
Stripped, monetise assets and relist again at in a few years time.

Maybank joined in the fray. Opined hold. Upside potential likely capped at NTA.

Boustead Holdings and LTAT are substantial shareholders in BPlant, together they hold 69%. The remaining shareholders are small investors, most of them hold less than 1%. The records so far, the 2 major shareholders are generous to minority shareholders. We hope they will continue with their generosity.

All else are speculations for now? Balance on probabilities - Bplant has better potential of big cash returns.

Haha
Boustead Holdings and Pharmaniaga need money to do house cleaning. Who is going to pay dividends to the Veterans? Affin or BPlant?

The dividends and bonus shares I had received over the years are more than the value appreciation of the share itself. What captured my imaginations was it's a 100 years old company. The reported super prime land in its landbank must be valuable. ( I never expected it to cost so much now. I always remember a smallholder uncle I asked for advice on planting oil palm - only invest if you see value on the land). The arm forces is a vote bank. It cannot be ignored and big dividends are needed to keep its members happy. I may consider liquidation if the above 2 criteria are no longer valid. Simple thinking.

Inherent risks investing in a GLC linked company. Edmund Terence Gomez can give you insights into the risks and rewards in his many write-up. You know what I mean. While there is no denial, there are many brilliant young professionals, selected from young, nurtured through the vines and placed to managed GLCs but the good ones don't normally stay long enough to build and grow the company. Quick results often result arising from corporate manoeuvre rather than organic growth!

LTAT and Boustead Holdings - can anyone remember how many CEOs they have changed since Najib's trusted side kick Wan Lodin left?

BPlant was a decent GLC until someone decided to : BPlant signed a sale and purchase agreement with Dutaland Bhd back in October 2017 for the acquisition of 42 parcels of leasehold plantation land in the Labuk and Sugut districts in Sabah for RM750 million.

I have my own simple investment view on BPlant. No reason for me to stay out as I have held shares since it's relisting. I have shares bought at 0.25 sen - 1.60. What transformation? Does it mean the company has plans to grow its plantation businesses organically? I don't see any. Monetise it's assets to project growth - yes maybe. Milking the cow - probably.

What does it mean? Nothing! Absolutely nothing.

it will be more cost effective to flatten and rebuild
than to do massive restoration jobs!

i suspect the mess in LTAT and the Boustead cauldron is very messy, massive industrial scale mess. (while it may not be relevant in this thread, remeber there's also a pharmaniaga!)

Ultimately EPF & PNB will own MBSB 70% , the two of them will crave for high dividends? Should be for better times ahead. 😁

I don't know. For sure some fellas will have to work vigorously for the cash.

MBSB issued new shares priced at 0.9652 per share to PNB for the entire purchase of MIDF.

I have never seen such trades on BPlant shares since it was relisted! It started in May. Pushed price up to 0.79. Dumped down to 0.68 and announced a sen dividend. Further dumping down to 0.64 before it make a complete turnaround in less than 24 hours! Unusual times. I am holding onto my shareholding very tightly.

Trading at PE 10.13. Assume sector PE 11.3, the share price will be 6.42 * 11.2 = 0.72. Known issues like MIDF are factored.

29.12.22 KWSP owns 14.4%
18.05.23 KWSP owns 15.8%

BPlant has always announce giving dividend on the 3rd week of May. The share price is creeping up. Is it an indication of another good interim dividend?

The whole business appears dodgy. More questions than answers. Red flags keep popping up.

It will be interesting to revisit if the price is right.

I didn't end up holding the shares. I smelled a rat. I bailed out. All that gold is no glitter. I am old enough to remember Bre- X, go Google.

The current assets the company held was substantial in 2019. Where have these assets gone?

Sell. Any reason to sell?

Majority shareholder may virtually be rewarded with the whole company lock stock and barrel. Haha

700 million to take it private is sup sup sui. Repackage (nicely put it as unlock value) and relist in a short few years will create more money. take a look at some of the listings. SImeprop. Malakoff. BPlant. What else?

Looking at the trend, forsaking 3.3 sen may yield "10 Sen dividend".

Selling on the Ex-Dividend Date

In order to receive a dividend, shareholders must hold the stock when the market opens on the ex-dividend date. They can still sell their shares on the ex-dividend date and receive the dividend. However, any investor who buys shares on the ex-dividend date will not.

I have held BPlant since it's relisting. Tomorrow ex date dividend 3.3 Sen. The share price always drop substantially after ex and will go up on the next dividend, lower than the last. Contemplating a gamble to clear my position forsaking the dividend and hopeful to buy them back low. Hard decision especially with the corporate restructuring of Boustead.

The people buying up the shares must have funds, access to funds or leverage on funds to the tune of hundreds of millions or billions!

This is a big game. Huge volume of shares transacted. Who are the owners of these shares? It's more than just termination on some business contracts!

I am watching. Every crisis there's an opportunity.

Losers strike back. MACC to investigate. People in the know say project has yet to take off, sick. Bye bye bye buy.

@ Yippy
Circumstances has changed. Global uncertainties. Volatile markets. Cash out. Convert equities to cash. Sell low and hopeful there's an opportunity to buy it back lower.

Bought BPlant 1000 shares at 1.60 when relisted. Initial investment 1600.00.

Bonus share issue 2:5 in April 2018. 1000 shares entitled to 714 new shares. So total shares held 1,714.

Cumulative dividends received 2014 - 2017 was 53sen. 1000 shares held equals to 530.00

Cumulative dividends received 2018 - 2022 was 24 Sen. 1714 share held equals 411.00

Assume 1714 Shares disposed at 0.88 Sen equals 1508.00

1508 + 520 + 411 = 2449

849 gain for a 1600 invest over 8 years.

Things may change if there is a change in the management structure.

Gamuda is no ah Beng company. They made the proposal. They know what they are doing. Don't have to worry. Buy if you have confidence. Only obstacle is politics! Otherwise there are another 1000 companies you can put your money.