Hey guys - read this article. The appointment of someone from SGX Listing & Advisory Comm as their new independent director may have something to do with the group's restructuring or privatisation exercise in Msia. What do you all think?
Ioi Corp get ready cash worth USD 600m, ready for Merger and acquisition for growth. Bstead may divest BPlant to Ioi corp
Sizeable plantation Estate is hard to find now for ioi Corp to growth. Furthermore, no many wiling to sell their prime estate at current windfall CPO price, but, bstead holding force to do that in order to pare down debt through unlock deep value in bstead plantation. B
KLK acquired IJM plant for 1.53 billion. Bplant planted acreage is bigger and their Peninsular located at prime land. Good for IOI Corp and IOI properties
Boustead is in urgent need to unlock embedded value on its listing subsidiary in order to raise cash pare down debt and resume dividend payout to LTAT.
It is best time to monetize palm assets in view of multi year high CPO price. Among the cash rich big cap palm stock, wilmar, klk, IOI have such financial strength to take over at attractive offer price.
Possibility of selling their Sabah estate to IOI. IOI refinery needs more crops in their Sabah operations. Good fit for IOI to acquire Bplant Sabah estate
BOUSTEAD HOLDINGS BERHAD (“BHB” OR “COMPANY” OR “VENDOR”) PROPOSED DISPOSAL OF 66.41% STAKE HELD BY BHB IN THE UNIVERSITY OF NOTTINGHAM IN MALAYSIA SDN BHD (“UNIM”) TO UON HOLDING (MALAYSIA) SDN. BHD. (“PURCHASER”), A WHOLLY-OWNED SUBSIDIARY OF THE UNIVERSITY OF NOTTINGHAM (“UON”), FOR A CASH CONSIDERATION IN RINGGIT MALAYSIA (“RM”) EQUIVALENT TO BRITISH POUND STERLING (“£”) 23,500,000 (APPROXIMATELY RM137,423,300 AS AT THE LPD (DEFINED BELOW)) (“PROPOSED DISPOSAL”)
Their assets way exceeds their borrowings.. look at their NTA. Anyway, it is best to pare down borrowings with the selling of non-core assets and generate some spare cash to pump into areas that will have positive impact on their future earnings such as military drone tech & etc.
Being the defense minister for the past 1 or 2 years, the new PM definitely have a special relationship with Bstead and understand the struggle of LTAT. Definitely an opportunity.
Even few days ago his private meeting seeking for support is held at Chulan Hotel.
Hopefully they could distribute some dividend (LTAT needs that) when the University Nottingham sales proceeds are received. Perhaps they should continue to consider disposing Bstead Plantation when the price is right (good CPO price at the moment). Maybe can divest Pharmaniaga as well although I think they wont as this is one of their strategic assets with good potentials.
I think latest QR should be released today or tomorrow and believe should be good. Boustead Plantation announced good QR yesterday and declared dividend. May be Boustead Holding is going to declare dividend too looking at the uptrend in share price today.
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....
Bgt 9963
7,445 posts
Posted by Bgt 9963 > 2021-07-29 08:50 |
Post removed.Why?