With the latest acquisition KLK acreage in Malaysia and Indonesia now is about : KLK - 300,000 hectares IJM - 60, 979 hectares BPPlant - 97,400 hectares
Price offered by KLK seems a bit low at RM 1.55/share, for 33%, since some prime land have not been revalued. Bplant will still remain listed since BHldg will still hold 35 %. Can it be like Ewein , went up to double the Offer Price, since amount of shares in free float will be quite small ?
Posted by investor77 > 34 minutes ago | Report Abuse
Price offered by KLK seems a bit low at RM 1.55/share, for 33%, since some prime land have not been revalued. Bplant will still remain listed since BHldg will still hold 35 %. Can it be like Ewein , went up to double the Offer Price, since amount of shares in free float will be quite small ?
correct
Klk should have offered a better price for Bplant. However, KLK is overstretched after buying Chemical Co (CCM) & Ijm plant
If Bplant should stay listed KLK can do wonders to make it a great co
Under KLK Bplant has the potential to be a blue chip
This week has been a fantastic week. 1st we have the marriage between Mabel Batu Kawan and CCM, 2nd we have Mabel KLK and IJM Plantation, 3rd we have Mabel KLK and BP Plantation and yesterday, 4th we have Mabel Sime Darby and UMW. Perhaps next PNB will consolidate MHB and Lady Sapura. All these couples have generated interest in KLSE.
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calvintaneng
56,561 posts
Posted by calvintaneng > 2023-08-24 06:49 | Report Abuse
Ok better stay listed like Harrison & Hold Leong Capital
Who knows?
Bplant might one day cross Rm10.00