Posted by calvintaneng > 2023-08-28 10:10 | Report Abuse

Albukhary is correct


Research house Analysts cannot understand Locations and Value of lands of Bplant

They are mostly in their late 20s, 30s or 40s

As such they got average salary and do not own many assets

They won't understand and therefore cannot do a proper writeup

Newspaper analysts also the same

Posted by OneOracle > 2023-08-28 11:08 | Report Abuse

US is shorting China market.
China is defending with all the new market measures.
If She succeeds, Consumption and property market in China will revives.
Commodity will be very bullish.
USA if fail to short China. Will be harder to maintain interest rate and USD will fall further.
Commodity will further rally.

Posted by DividendGuy67 > 2023-08-28 17:27 | Report Abuse

Thank-you BPLANT for taking me out. This is my largest trading gain, more than doubling my YTL trading gain (also very nice). Time to move on. Thank-you all again.

Posted by Johnzhang > 2023-08-29 05:54 | Report Abuse

Joint offerors will likely be successful in privatising Bplant. But I hope the final outcome is
LTAT 35%, KLK 51%, Public 14% and Bplant remain listed like what happens in FGV.

Posted by Dehcomic01 > 2023-08-29 06:12 | Report Abuse

I think the whole idea of privatizing is that it is a private company ie no longer listed.

Posted by Johnzhang > 2023-08-29 06:21 | Report Abuse

Enterprice value (EV) of KLK is about $100,000/planted ha.
EV of Bplant based on $1.55 is about $54,000/planted ha.
There is huge EV gap to bridge notwithstanding that KLK also has significant oleochemical business.
KLK shall bring significant expertise and operational efficiency to Bplant to narrow the valuation gap.

Posted by rohank71 > 2023-08-29 08:53 | Report Abuse

By Sept 9th once BHB shareholders approve the sale and it becomes unconditional, price of BP will be 1.55

Posted by ChloeTai > 2023-08-29 09:47 | Report Abuse

@rohank71, what is BHB? Where to find 9 Sept 23?

Posted by Yippy68 > 2023-08-29 10:19 | Report Abuse

sold some at 1.52 , let some hardworking runner make a commission of 3 sen.

Posted by Sslee > 2023-08-29 11:17 | Report Abuse

For pure plantation stock like Bplant you just need data from the monthy FFB production and monthly average MPOB palm oil spot price to know what will be the quarterly profit.

Bplant gave good dividend from gain of land disposal and without it the dividend will be low if depend solely on operation profit.

So count you luck there was an MGO at RM1.55 and if without it the Bplant today price will be very much lower based on quarterly earning.

Posted by speakup > 2023-08-29 13:16 | Report Abuse

Exactly!
Some ppl say 1.55 unfair lah undervalued lah, are not thinking straight

Posted by Letsfly > 2023-08-29 15:44 | Report Abuse

im waiting for the offer to come to my house to be accepted :D

Posted by ossanluv > 2023-08-29 15:47 | Report Abuse

Boustead wants best price, LTAT wants highest possible price, KLK grind n grind with its team n statisticians for ideal price that can win the bid and close the MGO eventually.............

Shareholders can dream laughing harder to the bank so to speak, but KLK ain't going to pay more than it think it should......you can argue this n that, not fair value la, hidden gems la, hidden potentials la, coz not your money to take over (if you have the capability to do so)

Posted by Johnzhang > 2023-08-29 17:08 | Report Abuse

Many retailers disposed Bplant from as low as 65 sen to 120 sen for whatever reasonings they made. Many are happy to take up $1.55 now. Some wish to hang on for realising more gains. So, Just be yourselves and be happy with the decision made by yourselves.

Posted by Dakewlest > 2023-08-29 22:46 | Report Abuse

@ Chloetai, can you please key in 'what is BHB' in Google Search.

Posted by rohank71 > 2023-08-30 00:59 | Report Abuse

BHB is Boustead Holding Berhad

Posted by rohank71 > 2023-08-30 01:00 | Report Abuse

BHB need to get shareholder approval. It still has minority shareholders. Some odd lots holder hold back and received the notice of EGM for 9th Sept.

Posted by Johnzhang > 2023-08-30 10:21 | Report Abuse

KLK started acquiring share in Bplant from open market yesterday. It acquired 20 mil shares at $1.51.

Posted by shiby > 2023-08-30 16:41 | Report Abuse

Lock profit & sell all after holding for 3.5 months.Thank you & i wish all the best for those still holding.

Posted by calvintaneng > 2023-08-31 01:35 | Report Abuse

BPLANT WILL GRADUALLY MOVE UP TO RM1.55 AS KLK MOPPED UP ALL SHARES SLOWLY

IF STAY LISTED THEN WILL GO HIGHER FROM RM1.55 TO RM2.00

IF KLK REALLY GOT 90% THEN COMPULSORY TAKE ALL OUR BPLANT SHARES

IN THAT CASE CAN MOVE TO THPLANT (GLC LIKE BPLANT)
OR TSH (THIS ONE IF YOU CAN STOMACH ATTACKS FROM NAYSAYERS)

OR ELSE GO BUY JTIASA

SEE

JAYA TIASA (4383) WHY FONG SILING AKA COLD EYE & DR. NEOH SOON KEAN OF DYNAQUEST ARE BOTH BUYING JAYA TIASA, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-08-30-story-h-241060767-JAYA_TIASA_4383_WHY_FONG_SILING_AKA_COLD_EYE_DR_NEOH_SOON_KEAN_OF_DYNAQ

Posted by calvintaneng > 2023-08-31 01:51 | Report Abuse

WE THANK THEE

https://www.youtube.com/watch?v=um91iJoZ8b0

Posted by ChloeTai > 2023-09-04 11:13 | Report Abuse

Dear Calvintangeng,
For Tmakmur
MGO was RM1.80
but at the end price was raised to RM1.90.
===============================
When will KLK announce the higher end price (Shall there be any raise)?

Posted by ChloeTai > 2023-09-04 14:50 | Report Abuse

Dear Mr Calvintaneng, is an EGM required for the Mandatory General Offer?

Posted by calvintaneng > 2023-09-04 17:57 | Report Abuse

Chloe

Klk will take all selling cheap at Rm1.50
Until impatient sellers dry up then it will offer higher

Yes for Mgo an Egm will be convened for voting

But if just buying a portion and stay listed i think no need

My wish is bplant stays listed

Posted by calvintaneng > 2023-09-04 18:28 | Report Abuse

At this juncture KLK has declared its intention to take Bplant shares at Rm1.55 (so it should move up to Rm1.55 but since people threw at Rm1.50 KLK is just too happy to scoop up)

As many have bought from 64 sen to Rm1.00 the price of Rm1.50 is just too good for them already

Those who think Bplant at Rm1.50 still cheap are still holding out for more.
No right and no wrong as it is up to each to decide.

Now last year when Subur Tiasa was 73.5 sen An Unfair MGO was given out at 65 sen

SO IT WAS REJECTED

See

https://themalaysianreserve.com/2021/09/01/mgo-tabled-for-subur-tiasa/

Same goes for FGV MGO at Rm1.30 (Now FGV stays listed at Rm1.37)
See

https://klse.i3investor.com/web/stock/overview/5222

THE ONLY WAY TO KNOW THE FULL VALUE OF BPLANT IS IF SC AND BURSA WILL MAKE BPLANT TO DO A 100% THOROUGH REVALUATION OF ALL ITS ASSETS AT CURRENT MARKET VALUE

ONLY THEN WE WILL KNOW THE EXACT FIGURE AND VALUE

Posted by stockraider > 2023-09-04 19:54 | Report Abuse

Min GO Price Rm 1.55 loh!

No chance of lower or downside mah!

The takeover need shareholders of bstead holding approval but already fully privatise mah!

Thus Ltat is the shareholder approving of the GO loh!

Investor holding on bplant hoping revision of GO price above rm 1.55 still has a small chance loh!

But the worse scenario still can expect a FD rate return of 8% pa base on completion of GO of Rm 1.55 within 4 mths mah!

Posted by Yippy68 > 2023-09-05 01:28 | Report Abuse

true, those who bought at 70 sen, selling at 1.50 is more than double. take the money ,safe and sound.

Posted by SCM2023 > 2023-09-05 07:55 | Report Abuse

I doubt any revision of price as no much price movement since announcement till now. I will wait for the offer letter but offer price is really to low compared to its real valuation. I have to wait as RM0.05 is couple of thousand RM

Posted by greenpeanuts > 2023-09-05 09:07 | Report Abuse

I have a query. If the MGO is successful and I am not able to sign the transfer of share form, does the proceed from the transfer of my holding to KLK go automatically to my registered bank account?

Posted by PlantBull > 2023-09-05 10:04 | Report Abuse

Exactly.. 5 Sen is thousands. I will gladly wait.

Posted by irumisan > 2023-09-05 17:12 | Report Abuse

If they do not get 90% of the offer shares, they cant invoke section 222, and if they still proceed with delisting, u will ended up with holding unlisted shares

Posted by irumisan > 2023-09-05 17:18 | Report Abuse

Just so u all kno, there are 3 possible outcome.

1. Joint offeror obtain at least 75% of enlarged. Bplant will not meet the public spread. Offeror can apply for delisting but this route require and exit offer (same offer price) and need shareholders approval I.e. Egm

2. If the offeror obtain at least 90% of enlarged. Offeror can't invoke section 222 (compulsory acquisition). But offeror can apply for delisting. Those who do not accept might ended up holding unlisted shares.

3. If offeror get 90% of offer shares. Offeror can invoke section 222, so now bplant will be wholly owned by the offeror

Posted by rohank71 > 2023-09-05 19:02 | Report Abuse

Wait till end of the week, once BHB shareholders approve at their EGM the deal is done. BHB not fully privatised, still lots of minorities at BHB. See condition to BPlant sale is BHB shareholderS approval via a EGM.

Posted by calvintaneng > 2023-09-05 22:24 | Report Abuse

Three 2nd Liner Stocks mispriced & misplaced as penny stocks: BPLANT VERSUS JTIASA VERSUS THPLANT, Compare and contrast, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-09-05-story-h-240908964-Three_2nd_Liner_Stocks_mispriced_misplaced_as_penny_stocks_BPLANT_VERSU

Posted by calvintaneng > 2023-09-07 11:56 | Report Abuse

Happy morning all

following the blue print as planned

bplant will gradually move up to Rm1.55

those who can hold will get full reward

those who cannot now is opportunity to switch to Laggard like Thplant

In Eagle Group we got Ex- Banker Steve Wong who loaded up on Bplant Chun Chun

now he has switched Bplant to Thplant

According to his banking experience he said Thplant's land banks also very valuable and more ( Thplant got over 240,000 acres versus Bplant 220,000 acres )

And selling one Bplant now Rm1.51to Rm1.52 can buy almost 3 Thplant shares at 54 sen

Again please do your own due diligence

For now Thplant is more assets play like Bplant

Jtiasa with 206,000 acres also excellent as it is accompanied by strong earnings

Posted by FlyingEagle > 2023-09-07 13:24 | Report Abuse

Nope, i go for TSH bcoz got entertainment there.
Day day can see your ''friend'" at there cucuk u...... ha ha ha......

Posted by calvintaneng > 2023-09-07 13:58 | Report Abuse

hahaha

shhh

let him bang down Tsh for us to get cheap 🤗

Posted by calvintaneng > 2023-09-07 14:59 | Report Abuse

Hahaha

No naysayers can bang down rock solid bplant anymore as Taiko Klk is strongly accumulating

One fine day all undervalue palmoil shares will also turn into defensive fortresses of value with good dividend streams

Happy investing

Posted by rohank71 > 2023-09-07 22:45 | Report Abuse

KLK happily collecting at 1.51 today. Deal will become unconditional over the weekend and they will buy at 1.55 next week.

Posted by SCM2023 > 2023-09-08 08:48 | Report Abuse

I remembered someone wrote the valuation of Bplant is much more than RM1.55 by analyzing their assets. Seem that no other invited companies willing to up their offered price for Bplant. Guess it will stay within this price range.

Posted by calvintaneng > 2023-09-08 10:06 |

Post removed.Why?

Posted by rohank71 > 2023-09-08 15:09 | Report Abuse

Tomorrow is BHBs EGM to vote for this deal with KLK

Posted by rohank71 > 2023-09-08 15:11 | Report Abuse

Will minorities of BHB reject the offer? LTAT is just 1 vote vs the many minorities who are unhappy with LTAT. Any one knows if LTAT has organised the support for the deal with BHB minorities?

Posted by calvintaneng > 2023-09-11 07:56 |

Post removed.Why?

Posted by Dehcomic01 > 2023-09-11 08:01 | Report Abuse

How to ensure you are realistic when analysing plantation companies?
I do a lot of fundamental analysis and to ensure that I am not carried away by optimistic or even pessimistic thinking, I follow Daniel Kahneman’s inside and outside view, from his book “Thinking Fast and Slow” The inside view generally refers to a conclusion reached using an individual own experience and reasoning. It is the perspective of someone looking at the problem from “the inside”. The focus is on the specific situation rather than looking at a broader class of similar situations.
In contrast, the outside view refers to the perspective of someone looking at the problem "from the outside". It is the view taking into consideration the actual experience of other people.
When you analyze a company, the inside view may lead to unrealistic expectations. To counter this, you need an outside view.
This is where base rates come in. The performance of the industry would give you a basis to check on your analysis and projections.
I have updated my base rates for the Bursa plantation sector as per my blog article “How the Malaysian plantation sector performed over the past 10 years”

Posted by calvintaneng > 2023-09-11 08:31 | Report Abuse

Last 10 years

Unico Desa
Ioi corp took it private at Rm1.17 after securing 39% shares

Posted by calvintaneng > 2023-09-11 08:32 | Report Abuse

Tmakmur
Pahang Royalty took it private at Rm1.90
it's has prime lands in KotaSas

Posted by calvintaneng > 2023-09-11 08:33 | Report Abuse

Kulim
Jcorp took it private at Rm4.10
To build two new Townships in Pengerang

Posted by calvintaneng > 2023-09-11 08:34 | Report Abuse

Kwantas
Major owner offered Rm1.65 to delist it

Posted by calvintaneng > 2023-09-11 08:34 | Report Abuse

Ijmplant
Klk offered Rm3.10 to take all