Hi Opportunate ,

My group own about 21 mil shares . With your couple of million shares , we may just need 10+ million shares from others to frustrate guy ! We will have enough support!

I think all of us have no objections to the privatization if the price is palatable. Afterall, there is so much on the plate to share ! No respect for that S guy at all. He is already one of the richest man in Malaysia and yet trying to take poor minority for a ride !
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Opportunate wrote:
We have a couple of millions of shares in hand and we decided not to sell at open market and will vote against the resolution during EGM unless the offer price revise to min RM2

CPO is over $4,000 again ! Without extraordinary losses, predominantly upstream plantation should do very well this year .
I am back to plantation sector in a big way …

CPO is over $4,000 again ! Without extraordinary losses, predominantly upstream plantation should do very well this year .
I am back to plantation in a big way …

CPO is over $4,000 again ! Without extraordinary losses, predominantly upstream plantation should do very well this year .

Yes, they take minorities for a ride ! But again ，this can only happen if majority of the minorities allow that.

👆The above news is to refresh your memory on Selangor properties Bhd SCR.

https://www.edgeprop.my/content/1475102/selangor-properties%E2%80%99-privatisation-gets-shareholders%E2%80%99-go-ahead

I was shareholders in Selangor properties Bhd , a deep value land owner, and for the same reason that I invest in MPHB.
Back in 2018/19, kayin offered $5.70 to take the company private. Due to minority shareholders objections, the offer price was increased 2 times during the same exercise. The final price was $6.30 ie 60 sen increase.
The privatization is thru SCR like MPHB.

Apollo MGO was at $5.80 . It’s share price now $6.95.

I held about 3 million share in MMC. There were 2 times the share price was deliberately depressed very near to EGM . The 2nd round of price depression which happened just few days to EGM enabled me to make 10+% in just few days trade ! I added to my portfolio more shares during the price depression is with preparation that I might have to hold them longer if the privatization then did not materialize.
If my memory hasn’t failed me , Syed Mokhtar spend just about $2-3 billion to take MMC private. Syed mokhtar is now looking to divest a portion of the port business and valued the port business at $15 bil. This news appeared in the main media recently.

In MPHB case the stake is very high for controlling shareholder!

@SSlee, some minority may be concerned, but myself and quite a number of bigger shareholders are not haunted by the development in MAA. It is not apple to apple comparison.

@TheContrarian,
Preceding to this 75% in value threshold, there is a condition requiring at least a simple majority in numbers of minorities present in voting either in person or proxy at the EGM.

TheContrarian wrote :
Do note that in a SCR if 75% accept the offer of RM1.70 then all of the minority shareholders' shares are automatically acquired. Means you vote No also you lose your shares at RM1.70 UNLESS 10% voted No.

The other way to frustrate Surin is to get overwhelming number of minorities, even you own just 100 shares to vote against in EGM.
This is because the rule states that the SCR must be approved by at least A MAJORITY in NUMBER Of The Disinterested shareholders present and voting either in person or by proxy at the EGM.
The key here is how many minorities care to participate and vote in EGM to protect their interests!

All we as minorities ask for is a palatable offer!
Not this kind of ripped off offer .

I will discuss with MSWG and request to use their platform for gathering more disinterested/minorities to take the just action.

@TheContrarian, if I understand correctly,
We only need 39,967,092 shares to vote against to frustrate Surin .
Total no of share in issue (excluding treasury share) is 702,053,800.
Shares held by interested parties (Surin) 302,382,893.
Hence shares held by disinterested/minorities is 399,670,907.
10% of the votes held by the disinterested shareholders is therefore 39,967,091.
The rule is : must not be voted against by more than 10% of the votes held by disinterested shareholders.

I have in hand a group of disinterested shareholders collectively holding about 21 millions share . We just need the support of other disinterested shareholders collectively hold 19 mil share to join in.

At least $2.00 to $2.20 is a bit more palatable to most minorities. Just my view

$1.70 is blood sucking kind of offer . Won’t go down well .

Kaya, log in to the remote AGM tomorrow and show your displeasure. I am going to do that .

The AGM is tomorrow 29th 2.30 pm online.
The privatization offer comes out today to test the water (reaction of minority shareholders during AGM)?

Blood sucker only offer $1.70 and hope to buy out ! I am not giving in .
Minorities who are unhappy of the price should swamp the AGM to blast Surin gao gao.

Q1 results: oil palm segment performed very well .Timber segment is a drag due to poor margins caused by weakened JPY .

Oil palm’s PBT +33% yoy
Timber’s PBT -70% yoy
Overall NPAT is +10% yoy.
Better qtrs ahead when FFB production peaking .

1st interim dividend 15sen (last year 10sen)
Final/2nd dividend 20 Sen (last year 15 sen)
I believe total dividend FY24 shall be 35sen.
This give rise to 9% DY! It’s hard to find this elsewhere.

Surin is not going to share with minorities like us the multi $billion wealth in all the highly valuable properties in the company. It’s going to be very soon that he will offer to buy all of us out .

Look at the mid term big picture. 3 Sen or 5 Sen 1st interim dividend doesn’t really matter .
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YouWin wrote :
3 cent while the share price is trending high,wtf is wrong with this management, they just proved me right, the boss prefer low share price

The about 1,700 acres of industrial land in pengarang worth a few $billions!

Kaya Toast,
The increase in investment property value over 1st Q is in fact RM66.6 mil ( 772 mil to 839 mil).
A total of $54 mil was charged to the allocation for ‘Expansion of property business’ which was part of the huge $161 mil allocated from the insurance sales proceed . There is still balance allocation of $107 mil to be spend .
I agree with you that it is most likely capitalization of the land title conversion.

Mphb now at $1.49 . Considering the $0,50 total repayment/dividend received in year 22/23 that means it has reached $1.99 per share .
For investors who have bought at below $1 in year 20/21, the total return of 100% or more is not bad an investment.
More upside is coming …..

The predominantly upstream producers have reported substantial increase in Q1 2024 profit against same period of last year .
SOP: +80%
Swkpltn +60%

Will THPlant come out with substantial improvements? I think it will .

Q1 2024 results:
Net profit increased by about 60% yoy

Results for Q1 2024 :
Net profit +80% yoy on the back of higher production and lower cost of production.
Operating cashflow for Q1 is a massive +299.4M!
Excellent results

Being JB - spore special economic zone , the land price in Pegerang is sky rocketing…

Takaful’s capitalization is $3.2 b .
Whereas , MNRB’s capitalization is only $2b
MNRB capitalization should match Takaful’s based on its annual insurance premium underwritten and its profitability.
Therefore, MNRB has 50% upside potential from today’s price of $2.60 per share .

https://newswav.com/A2405_OHlxEz?s=A_A1QZlQ6&language=en

The 5 acres of freehold commercial land at Jalan imbi shall worth $653 mil at conservative valuation of $3,000 psf ie$0.93 per share of mphb .

JB-Spore free trade zone likely to be in pengerang where mphbcap owns 1,700 acres freehold land .

https://newswav.com/A2405_3ibvyl?s=A_ztxSpIk&language=en

Q1 FFB production increased 15% yoy. Coupled with substantially lower fertilizer cost (hence production cost), the increase in profit for FY2024 should be very encouraging.

Mphb has a lot more strategically located lands in KL, selangor and Penang .

Data centres are paying huge some for land in south Johor . Paragon Globe recently sold 19.36 ha (47.84 acres) of land in Plentong to Bridge Data Centre for RM238.32 mil, that is RM5 mil per acre.
Mphb has 1,700 acres in Pengarang , next to Rapid and just across Singapore. At the lofty price of $5 mil per acres , these lands worth $8.5 billion or $12/share of mphb . Mphb is trading at $1.25 per share.

Takaful share price should serve as good reference to whether MNRB’s potential is fully priced in .

It’s Takaful in the making . Takaful is $3.66 today.

THplant is potentially the highest profit growth plantation stock for 2024 (against 2023’s earnings). Hopefully this will drive stock price to $1.20/-.

Waiting for it to break $4/-

Waiting for it to break $5/-

Controlling shareholders of FGV and MPHBcap may not privatize the companies at all. Also true that nobody is going to give us advance notice of the privatization plan , if they exist .

Fair or unfair privatization depends on what price is being offered .

If there is plan to unlock the value of its assets, the controlling shareholder will likely privatize it.

CPO spot month closed at RM4,462 today !