Yes . Buy on price weakness especially when EPF dispose . Once EPF is done with the selling the stock will reflect it's true value .

Plantantions already paying windfall tax since more than 10 years ago . Nothing new .

Palm oil sector is already the most heavily taxed sector . I don't think there is any new punitive tax add on .
No doubt Simeplant like iIOI and GENP are deeply undervalued ! The disappointment is whenever their share price go up, EPF and other foreign funds who still have substantial holding take the opportunity to sell down due to their blind pursuit of ESG compliance!
I prefer smaller plantation like Bplant, Thplant, MHC, taaan , swkplt, SOP and hsplant where EPF and foreign funds have zero or minimal holding.

I top up 300k unit at $0.61.
The trading pattern of this share I observed for past few months seem to tell me that somebody always deliberately 'managed' the price down .

Appointment of the new CEO and CFO, both are professional and chartered accountant, is positive.

Any good news coming? I have been holding it for almost a year .

Let's evaluate risk and return :
6 months share price B4 ex date ;
H - $0. 87, L- $0.48, Avg- $0.675.
After factoring the RI & warrant , the adjusted prices are
H-$0.635, L-$0.44. Avg -$0.54

Cost of acquiring via OR = $0.095 +$0.395 =$0.49 ( you get 1 mother share plus one free warrant)

Assuming the likely outcome that share price recover after RI to the average level (ie $0.54), your return will be :
$0.54 +$0.20 (est price for Wr) = $0.74 vs your cost of $0.49. ie 51% return.

If steel price remain high and company's profit improve, it's share price may to return to the 6 mth H ($0.635). Your possible return : $$0.635 +$0.28(est price wr) =$0.915 vs your cost of $0.49 ie 87% return .

Sound realistic?

Bplant at today's price can't go wrong . 4th qtr EPS should be $0.18-$0.20 after taking in the gain on disposal of Kulai estate. Full year 2021 EPS shall be $0.24- $0.26 . Thus, perspective PE is only 2.5x ($0.62/$0.25)! Unbelievable!

The plantantion counters with privatisation potential are Bplant, Thplant and Hapseng plantation.

Congratulations all (including myself , hehehehe)who had the patient and conviction.
We all can learn many lessons in this MMC episode.

Pass!

Why buyers become so confident before the poll results is out ?

People are buying at $1.91 . Seem a done deal

Many asked whether there is door gifts or voucher for this EGM! OMG!

Our market is seriously lack of liquidity and lack of buying interest . As such , manipulator has its way .

@Endgame, Have you sapu enough at $1.38 ? I can supply more to you . hehehe...

@karlos, I think the listing rule is a general offer is triggered if any shareholders already holding more than 33% in the company increase it's shareholding by 2% or more within any 6 months period. SM definitely has no time to waste on this . He will do what it takes to make it successful in one go.

The kulai estate monetisation will not be the last one .A couple more to come . Just watch out .
The companies borrowing will be substantially reduced.
As at 30/6/21 , borrowing was about $1,171 mil ($1,362 as at 30/6/20). There was already $191 mil reduction in borrowing due to strong positive cashflow generated from operations over a year. I expect cashflow from operations will still be as strong in next 2-3 years .
Asset monetisation plus substantial positive cashflow from operation will turn Bplant into very low gearing or even net cash company soon.
With reduced borrowing, the company is in strong financial position to go for privatization via SCR.
Privatization via general offer by Bstead /ltat is out of the question as they don't have the money to do so.
Privatisation of Bstead will then follow once Bplant become wholely owned.
This is because Bstead can tap it's 100% owned Bplant's resources to strengthen it's financial position for a serious privatisation offer later.
Just my thoughts for sharing.
29/09/2021 10:20 AM

The kulai estate monetisation will not be the last one .A couple more to come . Just watch out .
The companies borrowing will be substantially reduced.
As at 30/6/21 , borrowing was about $1,171 mil ($1,362 as at 30/6/20). There was already $191 mil reduction in borrowing due to strong positive cashflow generated from operations over a year. I expect cashflow from operations will still be as strong in next 2-3 years .
Asset monetisation plus substantial positive cashflow from operation will turn Bplant into very low gearing or even net cash company soon.
With reduced borrowing, the company is in strong financial position to go for privatization via SCR.
Privatization via general offer by Bstead /ltat is out of the question as they don't have the money to do so.
Privatisation of Bstead will then follow once Bplant become wholely owned.
This is because Bstead can tap it's 100% owned Bplant's resources to strengthen it's financial position for a serious privatisation offer later.
Just my thoughts for sharing.

Reached $1.79 . Just over 2 days the prospect of privatization succeeding suddenly turn brighter???
I still hold the belief that it will go thru in tomorrow’s EGM. It’s worth the risk I took last Friday loading up at $1.64.

I guess privatizations is not far away .

The privatization will go thru and PNB will vote yes. This is in line with the bumiputra agenda announced by PM yesterday.

And it doesn’t cost them too much to privatize THplant as they already own 74%.

If lembaga TH wants to make the privatisatoon successful, they have to pay a reasonable price . No 2 ways about it .

The disposal of Kulai young estate is is almost $650,000 per ha!
Bplant has a lot more such freehold land in peninsula Malaysia with development value .

In fact , when China decide to curb industrial production due to energy shortage and environmental concern steel companies outside of China stand to benefit tremendously. President Xi promises his people blue sky and committed to do it’s fair share in global climate change, All polluting industries and high energy consumption industries will be controlled . China has moved higher in the technology economy . All these means that China will no longer be the exporter of cheap and subsidized products to the world which include steel . . China may even turn importer in the near future. As a result , the whole market dynamics has changed. steel companies outside of China will enjoy stable and improved profit from now on.
I have started accumulating steel stocks , a sector I never touched before.

Many Steel and palm oil companies making record profit and their stock price is trading at single digit PE which is abnormal! Nothing wrong with the fundamental of steel and palm oil sectors , except that the Malaysian market is very sick. Absolutely no liquidity and no buying interest. Consequently, stock price continue to stay in doldrums.

@Endgame, you will not get a single share at $1 as I am willing to buy at much higher price than you . Hehehe…
——————————————————
Endgame. 1.38…..heheI
will buy again when it back to 1... same as last time buy
27/09/2021 3:25 PM

There were about 380 orders matched today for a total of 382,000 share traded. Therefore, average volume per trade is 1,000 share. In fact, out of the 380 trades , 90% were for 100 to 300 shares . Unbelievable to see people spent valuable time to trade this way .

The price never tell you the full story especially in our highly inefficient and ‘manipulative market. Just my 2 sen view.

It’s has moved up from $1.64 to $1.70. Does it means there is better chance for the privatization to succeed just after a weekend? Those who panic sold last Friday may be wondering what to do now .

Someone is ‘playing’ with small buy and sell volume in recent days to influence the price . I am puzzling.

You have to look beyond the 4th Q results ending 30/7/2021. It’s not going to be good due to total lockdown for at least half of the quarter.

TheContrarian, you are a smart yet cautious investor . Very rare you go wrong lah.

I think there will be 2 to 3 sen interim accompanying 3Q result and another similar amount for final . The holding company , Bstead, need the money fast to repay their very expensive borrowing.

GE is sometime next year. Leave you to think of all possibilities. Hahaha

The last similar ‘selldown’ also reached the low $1.64 on 27 July before rebounding to recent high of around $1.85.

Simepltn is good . Except that you must stomach the greater price volatility . Due to ESG pressure, local and foreign funds may continue to pare down stakes whenever share price improved .

TheContrarian, welcome to this stock.

I believe the SCR will get thru. Accordingly, I bought at $1.64 today.
The risk and reward is quite balanced at this price .

The reinsurance market is huge . The domestic and international insurance companies assign a portion of the premium and risk to reinsurers like MNRB. It’s up to MNRB whether to underwrite based on risk assessment. MNRB’s own Takaful general and life insurance are growing..

Nothing wrong with the stock . Something very wrong with the government!

It can’t go wrong to buy at 57 sen for a plantation stock amid robust CPO and with undervalued landbank.

ESG is a double edged sword

ESG compliance will eventually lead prices for agriculture commodities, CPO especially, metals (steel, aluminum etc) and O&G to go higher and eventually stay elevated. Because of ESG , coupled with covid hiccups, there has been no capital investment and worse still there are rampant cut back to meet decarbonisation goals.

Don’t you think what is going on is a psychological warfare on minorities? Especially when the Advisor rated it unfair with over $3 EV

Another big jump In CPO price today

It’s unbelievably cheap at $0.57 . I pick up some between $0.565 to $0.57 today.

@infoSeek, the irony is investors are hesitant to buy the share at today’s price of $0.52-0.55 In this respect, no point to talk about what it really worth . Just my view .

Value for money at this price .