With this results, in a way, very much 'improved' from 4QFY19.. Also, with this results, LTAT can easily take it private @ 80.0 without much objection.
Boustead Chairman Datuk Seri Mohamad Khaled Nordin said"As a result of the COVID-19 pandemic and subsequent MCO ,business activity and essentially came to a halt in many industries.The Boustead group was not spared the brunt of this,as most of our divisions were affected,impacting earnings for the first quarter. While this challengingsituation is set to persist for 2020. We are positive that the group-wide transformation exercise.We are currently undergoing will enable us to weather through "With this plan underway,we aim to strengthen the groups operation and drive performance to see brighter over the next three years" he added
The chairman of Boustead Groups is bullish on the transformation programme I expect one of the transformation programme is to privatisation of the company
The easy way for them to restructurer the company is to take it private and after privatise,they will start to strengthen the operation and drive performance for the next years
The share price is so cheap and this is the economical of scale to privatisation without incur the additional costs if compared previous year the share price moved around 1.20 to 1.40 per share
Need to wait for privatization schedule announcement before price moving up. Logically, LTAT want to own it for easy control of company assets without going for messy procedure.
Expecting the new management Groups of Boustead will successfully implemented the restructuring plans and turnaround exercise soon The first restructuring plans they are going to deal is to privatise the Boustead Holdings
Privatise Glic { Bstead} easier for LTAT to revamp & dispose of landbanks, assets or subsidiaries without the hassle and need to seek regulatory approvals
As long as still under PN, Very high possibility they will proceed for privatisation and annoucement should not latest by Jul. Only concern is how much for privatise
ISMAIL {Senior Minister} is from umno. He knows LTAT { armed forces saving funds} is important. Similat to Felda, Felcra, Risda { This group of CORE supporters} need to take care. IF Bstead not privatise LTAT { mark to market} book valuations will take a big hit for their P&L. Imagine from 1.00 drop to 70 sen. LTAT need to fathom in 300 -350 million losses. LTAT cannot declare any dividends for their members. PH was forced to declared 2.5,sen last year { the lowest on record for LTAT} Umno is not making the same mistake
Hidden Value: while the low share prices usually provide good opportunities for privatisation,what LTAT is aiming is to unlock the hidden value in Boustead Holdings
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
LKSGSH
524 posts
Posted by LKSGSH > 2020-06-19 21:18 | Report Abuse
QR results still not bad , as well as better .
Next week continue upward also