HARN LEN CORPORATION BHD

KLSE (MYR): HARNLEN (7501)

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Last Price

0.41

Today's Change

+0.005 (1.23%)

Day's Change

0.40 - 0.415

Trading Volume

1,026,700


2 people like this.

461 comment(s). Last comment by Lee Ying Yee 2024-07-30 22:03

Patrick13

1,971 posts

Posted by Patrick13 > 2020-09-14 13:24 | Report Abuse

10 sen special dividend! Huat ah!!!

tualp

452 posts

Posted by tualp > 2020-09-14 14:51 | Report Abuse

target price 0.85

Posted by alexanderzack > 2020-09-15 00:14 | Report Abuse

Waiting good result on November ,just a sharing !
The Disposal of 2.12k Hec oil palm estates (183m) had been completed on 25 August 2020 which is expected to generate 90-100 m with 10 c of special dividend (+ 40 ~ 50 c of EPS for 3rd Q result November).
The crop production of FFB,CPO & PK have been increasing significantly since the month of August 2020.
The price of CPO also has been getting up from +/- 2400(July) to 2892 (today),plus with 7.9 m + of treasury shares.

XiuyyXiong

134 posts

Posted by XiuyyXiong > 2020-09-15 19:12 | Report Abuse

not dare to enter although high special dividend. directors bought long time ago

Posted by Triumph in Bursa > 2020-09-15 22:50 | Report Abuse

TIB COMMENT :

With the CPO Price Boost & also Disposal-Gain Special Dividend. We believe HARNLEN is full with potential to reach their yearly high.


https://klse.i3investor.com/blogs/triumphinbursa/2020-09-15-story-h1513521048-THIS_COMPANY_DIVIDEND_208x_of_Fixed_Deposit_Rate_2_p_a_By_TriumphinBurs.jsp

jguy

97 posts

Posted by jguy > 2020-09-17 09:20 | Report Abuse

does not make sense, company loss making for 3 years straight. they issue dividend (based on disposals). seems like bailing out of the business as soon as possible. and just entice the price for people to push up the pricing

Vanbasten

1,266 posts

Posted by Vanbasten > 2020-09-19 22:51 | Report Abuse

Grabbed WB what's the news?

Stonecold

289 posts

Posted by Stonecold > 2020-09-22 09:23 | Report Abuse

harnlen will give good dividen next week.grab while u can

ronnie2u

667 posts

Posted by ronnie2u > 2020-09-27 15:09 | Report Abuse

Tomorrow HARNLERN drop 10 sen

kakalut

4 posts

Posted by kakalut > 2020-09-28 10:08 | Report Abuse

if I bought this counter at 4:30pm today, do I entitle for the dividend?

Posted by hohlaiyet88 > 2020-09-28 10:44 | Report Abuse

Dividend already end. No more dividend....Today drop a lot.

Ronaldh

263 posts

Posted by Ronaldh > 2020-09-28 20:27 | Report Abuse

Dividend give 10 sen. But share price drop kao. Lol

Jeff5142

8,008 posts

Posted by Jeff5142 > 2020-09-29 09:24 | Report Abuse

Sold at 0.70 cd 0.10.
Ex div now selling at 0.49.
What a junk stock controlled by family. LOL

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-09-29 19:49 | Report Abuse

@Jeff5142.......if you sold at 0.70...then no dividend for you lo.

Ex-date is 0.610.....after minus 10cents dividend.

Now it is time buy back lo..
Even Warrant Conversion also need 0.50..

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-09-29 22:05 | Report Abuse

hahaha...
just check...warrant conversion is 0.60 cent.

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-10-14 12:51 | Report Abuse

Stupid Special Dividend 10cent.....after Payout....Share tumble like Shiiit until lowest 0.445.....Trading around 0.47 ishnnn for about 2 week liao...
Even Share BuyBack like Cibai.....so little...

Warrant another useless piece of shit.....need 0.60cent.

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-10-14 13:08 | Report Abuse

Share won't get pass 0.50 cent anytime soon.
No News is bad for HarnLen

So what special dividend 10cent...
Closing the day before dividend is 0.710

after deduct 10cent.....
New opening the next day is 0.610..

Did it maintain at 0.600..
Hell no....plunging all the way until 0.47 issshhh

Warrant need 0.60 cent for conversion...
Unless it have vaccines....or anthing related to Glove.....
it will stay below 0.50 for months until annoucement of new dividend...

hahaha

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-10-15 22:42 | Report Abuse

Adiooo....Mana Share BuyBack?
Lame Counter....Director and Staff playing among themselves...

Warrant are useless fuckked as the conversion price is 60 cent....

Yea...Keep Selling away lands..estate....to keep getting Special Bonus...

But Wait.....Latest 10 cent special Bonus cause the Share to plunge ....Last Closing price...0.710

New price after dedict 10 cent mean...
price should be hovering 0.610 ....that if after getting 10 cent special dividend...

But Hell no....it plunge below 50 cent and hovering 47 cents now..
Should in theory...
47 cents and 10 cents dividend mean....57 cent max but but but closing before dividend is 0.710 cent..

why 57 cents.....losing money lo...

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-10-16 11:25 | Report Abuse

Faster go Up lah...

Bugger Warrant Conversion price 60 cent..

Today Mak Hijau still under 50 cent for almost 2 week liao.

48 cent now....Pleaselah ...feeble Share BuyBack attempt....Might as well don't do it.

This is the most useless fuck Share where after Special Dividend payout 10cent causes the Share to crash from 0.61 ( after previous last closing 0.71) to 0.45 within 2 days...

Good thing is...many investor got burnt despite getting 10 cent dividend by this Oct month end.

Now left Management...Employee buying and selling among themself..

Goreng Goreng.....Please lah...goreng up to 70 cent back so that the Warrant Conversion at 60 cents....i can still make profit.

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-10-16 20:16 | Report Abuse

Fuyoooo...
46.5 cent..

This is indeed a shiiiiiiiiit share.
hahhaa

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-10-17 10:12 | Report Abuse

Mana Share Buy Back?
Weakling....!!

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-10-20 08:33 | Report Abuse

Another shitty 46.5 cent closing.
That Special Dividend 10 cent downfall.

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-10-20 20:57 | Report Abuse

stuck in limbo.....0.46 cent.
..Adiooo...Useless Share

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-10-21 09:08 | Report Abuse

WtFuck......
Que 888 share at 0.485 and 0.490

OMG.....Another 0.46 to 0.475 closing today

Another Lame Day...

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-10-21 14:54 | Report Abuse

look like closing at 0.455
buy buy buy

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-10-21 17:04 | Report Abuse

On the Dot....0.455
Tomorrow again 0.455

hahahha

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-11-05 18:30 | Report Abuse

Nice.....Sold everything i have...Thank you HarnLen

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-11-06 11:24 | Report Abuse

will buy if dip to 0.45 again....
Thanks HarnLen for the bountiful harvest
profit all the way....

HamsterHuat

2,852 posts

Posted by HamsterHuat > 2020-11-06 19:28 | Report Abuse

still waiting for 45cent

Posted by Long George > 2020-11-12 16:31 | Report Abuse

Wow what's cooking?

akc008

54 posts

Posted by akc008 > 2020-11-17 21:22 | Report Abuse

Waiting good result on November ,just a sharing !

investorbat

1,448 posts

Posted by investorbat > 2020-11-18 11:29 | Report Abuse

6,000ha of land in sarawak did not revalue for more than 10 years

investorbat

1,448 posts

Posted by investorbat > 2020-11-18 11:41 | Report Abuse

2,000ha land disposed for $183 mil done on 25Aug,disposal gain will stated in coming Q to be released next week,by the way another 6,000 ha land in sarawak valued more than 200mil

investorbat

1,448 posts

Posted by investorbat > 2020-11-18 11:45 | Report Abuse

director bought 1,500,000 shares wb at 0.275/share

tualp

452 posts

Posted by tualp > 2020-11-20 12:41 | Report Abuse

Privatisation coming at RM0.90 or RM0.95

Director bought warrant at 0.275 per share, conversion price is RM0.60

0.275 + 0.60= 0.875 which is much higher than the ordinary share price.

Just ask yourself, why director bought warrant at such high price with huge volume.

So, the story is privatization is coming.

Hooray......

The privatization price is definitely higher than RM0.875 so calculate yourself.

Harnlen is current a net cash company with more than RM160Million cash in hand.

NTA is RM1.23.

Buy now at 0.65 is consider buy at 50% discount....hahaha,...

Hope for the best to come. RM0.90 coming d.....privatization coming,,,,,?

investorbat

1,448 posts

Posted by investorbat > 2020-11-20 12:47 | Report Abuse

NTA is more than $1.23 now after the rompin 2,000 ha disposal gain,will be known next week q report.NTA should be above $2 if 6,000ha palm oil plantation being re-valued

investorbat

1,448 posts

Posted by investorbat > 2020-11-20 12:50 | Report Abuse

Major share is holding more than 70%,remaing 30% around 60mil shares only to privatize,60mil shares x $1.20=$72mil only to take it private

investorbat

1,448 posts

Posted by investorbat > 2020-11-20 12:51 | Report Abuse

major shareholder

tualp

452 posts

Posted by tualp > 2020-11-20 12:55 | Report Abuse

If harnlen dispose remaining 6,000ha palm oil, the sales value would be easily RM500-RM600Million. which is equivalent to NTA of RM3.50.

I am not so greedy, privatization at RM0.90 and RM0.95 is ok for me.

I am holding 700,000 shares at cost of RM0.47

So my profit from this deal (privatize at RM0.90=RM301,000

Now the price is super cheap.

I heard Harnlen 3rd generation not interested in oil palm. They are more interested in Hotel business. I would suggest Harnlen to sell all its assets and privatize...

tualp

452 posts

Posted by tualp > 2020-11-20 12:58 | Report Abuse

Buy now at 0.65 and sell at 0.90 (privatize) the profit is equivalent to 40%....better than put in FD.

Coming QR result should be super good. other players reported super good profit and Harnlen will follow as well.

After QR announcement no more cheap ticket.

I hope harnlen declare another special dividend at RM0.05 in coming QR since they are so cash rich.

Keep money in bank accounts serve no purpose.

investorbat

1,448 posts

Posted by investorbat > 2020-11-20 13:01 | Report Abuse

The boss will not dispose the 6,000ha palm oil land before privatize,who wants to approve if the NTA is too much higher than the offer price.Boss will privatize dulu n then dispose land ma

investorbat

1,448 posts

Posted by investorbat > 2020-11-20 13:05 | Report Abuse

No more dividen la,the proceed will pay back most of the liabilities and left only $25mil debt,some keep for the working capital for 24 month,so no need to worry pp again

tualp

452 posts

Posted by tualp > 2020-11-20 13:24 | Report Abuse

Like that privatization is almost confirm lor. They privatize it now, then sell the remaining lands to other player like far east, IOI and etc with current super good CPO price.

haha....then I can use all my profit to sapu Topglove and supermax lor.

tualp

452 posts

Posted by tualp > 2020-11-20 13:28 | Report Abuse

Serve no purpose to settle all the borrowings la..... Might as well distribute dividend as Tan Sri Low family owned more than 70% shares. They can get so much from dividend then privatize it.

Happy Happy go go go. Harnlen

I so miss tan sri low nam hui.

investorbat

1,448 posts

Posted by investorbat > 2020-11-20 14:53 | Report Abuse

they gave special dividend 0.10 ex date 29sep

investorbat

1,448 posts

Posted by investorbat > 2020-11-20 14:53 | Report Abuse

28sep

tualp

452 posts

Posted by tualp > 2020-11-20 17:48 | Report Abuse

privatization news confirmed....RM0.95???

Congrats to all the shareholders.

investorbat

1,448 posts

Posted by investorbat > 2020-11-21 11:41 | Report Abuse

I just noticed from the Annual report, Harn len still has another piece of oil palm land(2,116ha Senang Estate) at rompin near the one that just disposed for $183mil.Value for the land should be around $180mil also,divided by 194mil shares =$0.92/share,add up more than 6,000ha land in sarawak and hotel building in johor NTA should more than $2.50 if re-value

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