They only trim 1.5% after million and million shares they sold.
Actually, I don't want them to hold any if possible. Better let syndicate take over.
But it will cost syndicate 270M just to buy in. Not to say goreng yet. That's why u never see people like KYY punt for any counter with market cap above RM1B. Cost too much capital to push or support and not much meat if successful. ------------------------------------------------------------------- From April 28 to May 5, among the notable shareholding changes that took place at Bursa Malaysia-listed companies were those at Boustead Plantation Bhd, where Lembaga Tabung Angkatan Tentera (LTAT) hived off 12.47 million shares to trim its stake to 10.59%, or 237.21 million shares. The state-controlled armed forces fund held a 12.07% stake, or 270.31 million shares, in the plantation company in late February.
Cash generated from Q1,22 alone is RM98M. And compare to Bplant best quarter in Q3,2017 where cash generated by Q3 was RM160M averaging 50M a quarter. Price moved from 85sen to 1.1sen for 30% return after bonus issue.
Next quarter also another RM100M cash from operation and another bonus issue in Sept. Then, 60%-80% return from 85sen is not impossible.
I sold Bplant in 2018 because they bought plantation in Sabah. They misprice the value of the plantation. All trees where old and need replanting. I sold without looking back knowing very well next few quarter going to be red.
Now, from last year RM5.8M bounce to RM71M. This is not because CPO. This is because the plantation is starting to mature. Don't be surprise if you see crazier number next quarter.
on top of that, bplant don't sell at forward pricing like simeplant stucked at RM4K to RM5K for don't know how long. Folks from Simeplant, time to sell ur simeplant and hop over here.
When this kinda good QR coming out but "analyst" seems to be unusally quiet and no coverage. U tau2 la. Normally those that they buy in, cepat je they say good things on bad QR. When no buy in, they either keep quiet or just meehhhh. U wait them collect next 2 QR and see, they pok pek pok pek non-stop on Q3'22 result in Nov
Excerpt from QR =========== Average CPO price for the first quarter of RM6,030 per MT was higher than last year’s corresponding quarter of RM3,751 per MT by RM2,279 per MT (61%). Highest monthly average CPO price of RM6,780 per MT was recorded in March 2022 which surpassed last year’s highest monthly average CPO price of RM5,159 per MT recorded in November 2021. PK's average price of RM4,655 per MT was higher by RM2,135 per MT (85%). FFB production for the quarter of 195,882 MT was 9% higher than the production in the first quarter of 2021 of 180,165 MT, contributing a yield of 2.9 MT per Ha as compared with 2.7 MT per Ha in the same quarter last year. This improvement was the effect from the Plantations Performance Improvement Program laid out in the Group’s 2022 Business Plan which focuses on yield enhancement. OER and KER increased from 20.3% to 20.6% and from 4.0% to 4.1% respectively.
Performance Review (Cont’d.) Sabah region ========== Sabah region achieved a segment profit of RM71.3 million for the first quarter, surpassed last year’s corresponding quarter of RM5.8 million. Higher FFB production of 98,822 MT as compared to 87,289 MT in the same quarter last year, supported by higher palm product prices contributed to the better result. OER of 20.5% was higher than last year of 20.4% and KER also increased to 4.2% from 3.9% last year. Sarawak region Sarawak region's segment profit of RM4.3 million improved as compared to last year of RM1.8 million. Higher palm products prices contributed to the profit despite the drop in production from 21,938 MT last year to 16,158 MT this year.
rj..... sold all and replenish at 1.17. hahahaha then avg down slowly until 1.09.... i "jangka" cpo price going down and so will bplant price... at 1.01... didnt buy "yet".... the next morning (yesterday) become 1.07. hahahahahaa means = no need buy to avg down liao... hahahahahaha laugh die me..
I also laugh at you. I locked in profit for 99.5 entries, 1.00, 1.01, and 1.02 entries 25K per batch at 1.07 and 1.08.
I learn to up that time take profit, down that time buy back. As long as company fundamental good, will continue to do that. Price uptrend to next year feb is not going to be straight line anyway.
rj... haha yaya i just learned this "method" last month after sold all... hahahaha ZHA DOU! now will be doing the same.. releasing in batches and queue buy in batches too... hehe
split fund into long, mid and short. Each entry different TP.
Short one are 1-2weeks, buy at panic selldown. 3-5% rebound take profit. Mid one are support broken, 1-2weeks after support broken and price stabilizes. Hold 3-6 months.(Basically give company a couple of quarters to fix their shit) Long one a buying into good fundamentals. Hold 1-2 years. Usually counters with dividend.
To the same person tht posted the “dijangka” news, I think this FGV guy did not mention WHEN it will go down to 5k. No time horizon at all, else u will see FGV enter into lots of Palm Oil Futures under “Derivative Financial Instruments” in their coming announcement… stay tuned… btw, y u don’t post this in FGV page?
Good morning brothers… The word “dijangka” MEANS GUESSING. Everybody can guess ma…haha Its either up or down. He got 50% chances to be right or wrong…. At the end of the day… it’s same like LP PL only… hahaha
Tom DICK n Harry can “jangka” what they wanna jangka, but I am surprised CEO of FGV to said as such. Unless his pay doesn’t measured by profitability like the rest of the GLCs incl. Sapura…
Again, he will be just another DICK if coming FGV announcement we don’t see FGV entered into lots of forward contracts… if they does, I wished them lose all their bets…
UPDATES, Dicks’s dick have been clipped… now he is flying without a dick…
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Cheeky lurker… hahaha good for u la… Now u must get punishment for selling at 1.08. LoL Tomorrow u need to sapu all 1.06 & 1.07 to make it 1.08 again! Hahaha Is this better for everyone? Muahahahahhaha
It’s time for LTAT to pump it back up. They have sold a lot for over the past 1 yr, have more than enough bullet to pump it back up… huge dividend they are getting next month…
Yes.if only LTAT funds manager is more shrewd. Bplant price already skyrocket to $1.35. Look at TSH smaller acreage , no interim dividend declared vs BPlant interim 7.3 sen dividend plus more or additional forth coming
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....
brianklc
1,624 posts
Posted by brianklc > 2022-05-24 21:29 | Report Abuse
https://www.theedgemarkets.com/article/india-considers-tax-cut-soybean-and-sunflower-oil-cool-prices