Posted by troy88 > 2023-08-25 10:17 | Report Abuse

Terrrible QR but stock benefit from KLK acquisition

Posted by speakup > 2023-08-25 10:23 | Report Abuse

Those who complain 1.55 not fair, just look at latest Q results

Posted by calvintaneng > 2023-08-25 10:26 | Report Abuse

Klk if keep Bplant listed will be excellent indeed!

Klk par excellence management will increase the profits and dividend payout of Bplant by leaps and bounds

however, judging from Ijmplant being taken over and delisted Bplant might also be absorbed into Klk

since nothing is clear yet hold on if you can and if not then switch to these 3 laggards at penny stocks level with huge landbanks over 200,000 acres each like bplant - Thplant 240,0000 acres
jtiasa 206,000 acres
Tsh resources

Posted by calvintaneng > 2023-08-25 10:31 | Report Abuse

And we begin with the end in mind

Step one
At first Ltat took over all the shares of Boustead at 85.5 sen

Step two
Most moved from Boustead to Bplant

Step three
After Bplant also taken over at Rm1.55
Cash will move on to Thplant, Jtiasa, Tsh and others

Cash is liquid and not static and so share prices keep moving up or down all the time

Posted by KeepLearning > 2023-08-25 11:52 | Report Abuse

THPLANT is the next

Posted by KeepLearning > 2023-08-25 12:01 | Report Abuse

BUY BEFORE TOO LATE

Posted by Johnzhang > 2023-08-25 12:13 | Report Abuse

Some key point extracted from KLK's annoucement to clear the confusion post by some i3 menbers in this forum:

(1) On the unconditional date of the Proposed Acquisition, a mandatory GO (the proposed offer) to acquire all the remaining BPlant Shares not already owned by KLK/BHB/LTAT (known as Joint Offeror).

(2) The Proposed Offer will not be conditional upon any minimum level of valid acceptances of the Offer Shares as the Joint Offerors will hold more than 50% of the voting shares of BPlant upon completion of the Proposed Acquisition.

(3) All the Offer Shares tendered by the shareholders of BPlant will be taken up by the Company.

(4) Assuming the Company receives full acceptances under the Proposed Offer resulting
in BPlant becoming a 65.0%-owned subsidiary of KLK

(5) The Proposed Acquisition and Proposed Offer are subject to the following approval being obtained:
(i) the shareholders of BHB for the Proposed Acquisition and Proposed Offer at an
extraordinary general meeting to be convened; and
(ii) any other relevant authorities and/or parties, if required.
(6) For the avoidance of doubt, the Proposed Strategic Collaboration is not subject to the approval of the shareholders of the Company
(7) The completion of the sale and purchase of the Sale Shares is conditional upon the approval of the shareholders of BHB in a general meeting for the Proposed Acquisition and Proposed Offer, being fulfilled, waived or completed no earlier than 15 calendar days after the date of the SCA, or such other later date as may be agreed between the parties to the SCA in writing

Posted by Johnzhang > 2023-08-25 12:23 | Report Abuse

Comparable Companies : P/B Multiple (times), EV/PlantedArea (RM per Ha)
Sarawak Oil Palms Berhad 0.7x , $22,630
Far East Holdings Berhad 1.6x , $108,517
Kim Loong Resources Berhad 2.1x , $107,766
Ta Ann Holdings Berhad 0.9x , $30,467
Hap Seng Plantations Holdings Berhad 0.8x , $39,966
TSH Resources Berhad 0.7x , $46,630
Kretam Holdings Berhad 1.7x, $ 65,192
United Malacca Berhad 0.8x, $62,755
BLD Plantation Bhd 1.4x , $24,104

Posted by Johnzhang > 2023-08-25 12:25 | Report Abuse

SOP and Taann are both very well managed plantation with the lowest EV/ha seem to be good buy.

Posted by Pinky > 2023-08-25 13:14 | Report Abuse

@Johnzhang why u exclude United Plantations Bhd?

Posted by ChloeTai > 2023-08-25 13:24 | Report Abuse

Dear Mr Calvintaneng,
Can you please list down the steps investors should do for the general offer of Bplant?

Posted by Parksonguy > 2023-08-25 13:58 | Report Abuse

run ba. 1.55 if not klk share wont drop lo. due to bought boustead caused its klk share drop 10%

Posted by ChloeTai > 2023-08-25 15:05 | Report Abuse

Dear Calvintaneng,
Are the steps to take up the general offer are like this:
1. KLK send proposal to Bursa Malaysia.
2. After Bursa Malaysia gives approval, an EGM is held to get shareholders approval.
3. A letter will be mailed to shareholders.
4. Shareholders fill in the form and send back to KLK registrar.
5. The Bplant shares will be debited from our CDS a/c.
6. The RM1.55 per share will be deposited into our bank account.

Posted by Pinky > 2023-08-25 15:07 | Report Abuse

@Chloe your broker will send the circular to you. Just wait

Posted by calvintaneng > 2023-08-25 17:42 | Report Abuse

ChloeTai

Dear Mr Calvintaneng,
Can you please list down the steps investors should do for the general offer of Bplant?

4 hours ago

Don't need to do anything at all

Just hold till they take over your shares and bank in CASH to your Bank Acc

Easy like A, B & C

😊😊😊

Posted by calvintaneng > 2023-08-25 18:03 | Report Abuse

For Bplant now is at its easiest as KLK & LTAT unlocking value & Almost Everybody sits up & chase like mad in hot pursuit

The hardest part was buying Bplant at 57 sen when few people were interested & when doubters and naysayers abound

BY AFTER WE HAD DONE OUR HOME WORK CAREFULLY AND BOUGHT "IN FEAR" AT SUCH LOW PRICES (57 SEN)

THE WORK IS DONE. AND THEN WE CAN SIT BACK AND HOLD FOR EVER.

TILL ONE DAY LIKE NOW WE ARE FINALLY REWARDED FOR HOLDING PATIENTLY

See our Home Work
Things were still murky and misty then

Now VALUE IS UNLOCKING

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2021-04-12-story-h1563301593-PALM_OIL_JEWEL_BPLANT_OR_BOUSTEAD_PLANTATION_5254_BPLANT_HAS_DEEP_VALUE

NOW THINGS ARE CRYSTAL CLEAR

SO BPLANT HOLDERS ARE REJOICING HAPPILY

CONGRATULATIONS!

WELL DONE TO ALL HOLDERS!

ESPECIALLY TO

ALL AT

EAGLE VISION FIRST MOVER (WHATASPP GROUP)

Posted by Inv3st0r69 > 2023-08-25 18:33 | Report Abuse

Yup @Johnzhang, you are right. i misread the announcement. No shareholders approval for KLK, only Boustead Holdings..

So no bursa clearance for this proposal as Boustead Holdings not listed anymore.

Posted by Inv3st0r69 > 2023-08-25 18:37 | Report Abuse

KLK dont need to submit to BUrsa, only SC upon all the conditions have been met. Upon the unconditional of the SCA, the notis of offer will then be served to the board, marks the start of the offer.. timing u can refer to this

https://resourcehub.bakermckenzie.com/en/resources/global-public-ma-guide/asia-pacific/malaysia/topics/timeline

Posted by Jayden325 > 2023-08-25 18:51 | Report Abuse

Need to wait how long normally?

Posted by calvintaneng > 2023-08-26 07:05 | Report Abuse

WHY BPLANT WILL PERFORM EXCEPTIONALLY WELL WITH THE EXPERTISE OF KLK IF IT STAYS LISTED, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-08-26-story-h-241833228-WHY_BPLANT_WILL_PERFORM_EXCEPTIONALLY_WELL_WITH_THE_EXPERTISE_OF_KLK_IF

Posted by ken > 2023-08-26 11:01 | Report Abuse

Jay, read Bursa announcement... The exercise expected to complete in 4th Q this year.. mean min 2 months and max 4 months from today

Posted by ken > 2023-08-26 11:05 | Report Abuse

My suggestion is if you hold not subtential volumn, just sell it when price go beyond 1.50.. next week should be able to exceed 1.50... if your volumn is high, can wait for longer. The stock price will slowly going toward 1.55. Maybe few weeks..

Posted by ChloeTai > 2023-08-26 13:12 | Report Abuse

@Calvintaneng, Thanks a lot for your reply.

Posted by ChloeTai > 2023-08-26 14:19 | Report Abuse

@Dear Calvintaneng so is it like bonus issues where the registrar of KLK (Symphony Share Registrars Sdn Bhd) will fix an ex-date (day of supension of trading) for the general offer of Bplant?

Posted by calvintaneng > 2023-08-26 16:56 | Report Abuse

Chloe Tai

I think Bplant at Rm1.55 just too cheap

I hope it stay listed and let Bplant go above Rm2.00 to Rm3.00 at least

Others i think will play catchup with Bplant are Thplant, Jtiasa and Tsh resources

Fgv is another interesting stock to watch as Major holders like Pahang and Sabah Govts still holding their Fgv tightly

Posted by speakup > 2023-08-26 20:06 | Report Abuse

If Klk won the bid at 1.55, only means others like Ytl and Wilmar think it's not worth 1.55

Posted by Yippy68 > 2023-08-27 07:49 | Report Abuse

a friend of mine owned 2 million Bplant share, he told me to get advice from all the SIFUS from this forum , should he sell all now for safety in case thing does not work well, , sell half or wait till the offer come in. his profit is near to 2 million even selling at 1.51. tqvm , SIFUS.

Posted by speakup > 2023-08-27 08:15 | Report Abuse

there is a saying: a bird in hand is better than none
that's my advice for bplant

Posted by Yippy68 > 2023-08-27 08:57 | Report Abuse

my personal advice to him is sell 50% and see what is the next happening. be good or be bad , the profit is already in his pocket . and the rest are costless, can afford to gamble at casino bursa. hahaha.

Posted by Yippy68 > 2023-08-27 11:36 | Report Abuse

hahaha

Posted by ken > 2023-08-27 12:07 | Report Abuse

6 sen over rm1.49 is 4.02%. If you sell bplant, can you make 4.02% within 2 to 4 months? Bank FD only max 4% per 12 months...

Posted by speakup > 2023-08-27 12:38 | Report Abuse

Only risk to that is IF privatisation fail, u will be holding Bplant at peak price

Posted by calvintaneng > 2023-08-27 13:41 | Report Abuse

Yes, there will be risk but risk now different as two things have changed

1. Tok Mat already said "Bplant planting on "gold mine" and as such value is announced

Since Boustead needs lots of cash to meet debt obligation the 33% sale of bplant shares to Klk is only a stop gap measure. Boustead still need to find lots more cash and expect more

2. With the entrance of Klk Bplant will see more Superior management

What can happen?

1. Klk after taking over Bplant shares might offer MGO for the rest of shares to all at Rm1.55

Unless some entity buy above 10% from open market chances are Klk might succeed

2. Should Klk fail to garner enough then Bplant will remain listed

From past experience
Tasek was given MGO at Rm3.80 but remain listed

After Hong Leong got some but not enough 90% Tasek shares at Rm3.80 (still listed then ) Tasek shares price jumped to the height of Rm16.00

later Tasek again retraced to Rm5.50 and Hong Leong gave a second attempt to take all Tasek shares private at Rm5.50 which it finally succeeded
So should Klk fail to get all Bplant shares at Rm1.55 chances of Bplant going back below Rm1.55 will be slim (as Klk has done the homework and will stand firm taking all at Rm1.55)
so chances of Bplant trading above Rm1.55 very possible

3. And if Klk succeeds taking all free-float and others at Rm1.55 then Boustead could remain a jv partner with Klk as an unlisted entity

or else Boustead can ask for a higher price from Klk to sell it's balance share

All above are suppositions and we will see how things unfold in coming days

Remember
for compulsory MGO Klk needs more than 90% of Bplant

Felda gave Rm1.30 for Fgv privatisation but failed as Fgv is now over Rm1.40

Iike Fgv Bplant is still very undervalue at Rm1.55

Posted by ChloeTai > 2023-08-27 14:48 | Report Abuse

@calvintaneng, I am a newbie in Mandatory General Offer (MGO). Assuming nothing goes wrong, will the price of BPLANT be 1.54/1.55?

Posted by ChloeTai > 2023-08-27 14:50 | Report Abuse

*on the day before the ex-date 1.54/1.55.

Posted by calvintaneng > 2023-08-27 15:56 | Report Abuse

normal final last trading day eventually will be near to offer price

but those who did not sell will get payment as stated unless revised higher

For Tmakmur
MGO was Rm1.80
but at the end price was raised to Rm1.90

For TheStore
MGO was Rm3.52
later MGO was revised up to Rm3.70

final price for THESTORE was Rm4.00

Posted by JackTan1217 > 2023-08-27 16:56 | Report Abuse

Nice, just sold with 70% gain at the end..despite i m hoping more

Once again proven that Naysayers only good in casting dount, criticise but never be able to make money

Bye

Posted by calvintaneng > 2023-08-27 17:10 | Report Abuse

Posted by ChloeTai > 2 hours ago | Report Abuse

@calvintaneng, I am a newbie in Mandatory General Offer (MGO). Assuming nothing goes wrong, will the price of BPLANT be 1.54/1.55?


Ok this is Tkmarmur forum in i3

Offer was Rm1.80

Final Offer raised by 10 sen to Rm1.90

Final traded price was Rm1.89

Those who sold at Rm1.89 will get money faster but will incur trading fees

Those who waited for Final Cash credited into Bank Acc will get full Rm1.90
(Remisier gets nothing)

So Remisier normally want us to sell

See all the interesting comments

TANAH MAKMUR BERHAD
KLSE (MYR): TMAKMUR (5251)

https://klse.i3investor.com/web/stock/overview/5251

Posted by calvintaneng > 2023-08-27 17:13 | Report Abuse

And this is THE STORE

MGO was Rm3.52

MGO revised up to Rm3.70

See all the interesting comments in THESTORE Forum

THE STORE CORPORATION BHD
KLSE (MYR): TSTORE (5711)

https://klse.i3investor.com/web/stock/overview/5711

Posted by calvintaneng > 2023-08-27 17:16 | Report Abuse

After THE STORE was taken private

Our Chun Chun buy call was KWANTAS

See

calvintaneng

TheStore's gone into another TROPHY CALL of Calvin Tan Research!!

Coming up next will be KWANTAS!!

Let's start celebrating NOW!!

With song of Kwantas

https://www.youtube.com/watch?v=Jm1anurhbeg

2017-05-21 15:22 (posted in May 2017)

Posted by calvintaneng > 2023-08-27 17:20 | Report Abuse

3 years later when Kwantas was 50 sen

Top Holder Suddenly Offered

MGO at Rm1.65

Amazing high offer

See


KWANTAS CORPORATION BHD
KLSE (MYR): KWANTAS (6572)

https://klse.i3investor.com/web/stock/overview/6572


Note: Three Stocks now VERY CHEAP & FULL OF VALUE ARE

1) THPLANT (240,000 ACRES)

2) JAYA TIASA (206,000 Acres)

3) TSH RESOURCES (The Most Value of All)

Posted by calvintaneng > 2023-08-27 17:22 |

Post removed.Why?

Posted by xiaoeh > 2023-08-27 17:23 | Report Abuse

where is the guy that always came here to claim CT as a con artist one?

Posted by calvintaneng > 2023-08-27 17:24 | Report Abuse

Read again

Bplant as it has 1,000 acres land near Prai, Penang book value less than Rm5k per acre

Who knows ?

They might be taken private at Rm1.65 just like Kwantas as their lands all in far better location in Peninsular

2021-03-26 08:50 (posted March 2021)

THE BIG QUESTION NOW IS:

:WHICH WILL BE THE NEXT TO BE TAKEN PRIVATE???

Posted by lionel messi > 2023-08-28 08:15 | Report Abuse

There are a lot of sour grapes and sore losers in the stock market. Like to blame others but themselves. Differentiate between them and people who talk facts. Plus do your own homework and have the patience to wait for things to happen. Remember, stock market is not only a stock picking game but also a waiting game. But make sure you buy those with decent dividends while waiting. Cheers.

Posted by Albukhary > 2023-08-28 08:35 | Report Abuse

Many analyst comment that KLK is paying a high price for BPLANT, but they are comment based on the land price, low yield of BPlant's plantation, old ages of tree. None of them mentioned about the Bplant's land location, nor they have mentioned about KLK ability to convert plantation land become new township like how they did previously for Bandar Coalfield.

Posted by speakup > 2023-08-28 09:21 | Report Abuse

Ytl and Wilmar which lost bid to Klk 1.55 can't be wrong too
Yes I agree Bplant has valuable lands but it's plantations are a sorry state, mostly old tree past prime with low yields

Posted by OneOracle > 2023-08-28 09:28 | Report Abuse

The most promising Plantation counter next will be the most naysayers keep bashing non stop at all price level even at cheap price. As all retailers will avoid this stock it will have the least selling pressure when it rally.

If stock market is forward looking.
FCPO is now on mthly up trend.

Posted by speakup > 2023-08-28 09:33 | Report Abuse

Subur right?

Posted by calvintaneng > 2023-08-28 10:01 |

Post removed.Why?