Boustead Projects

(04-12-2023, 08:50 PM)header Wrote: My original thoughts is also to tender at the price of $1.18. But after thinking through, if FF Wong and son are not able to sell (ie. BSL independent shareholders refuse to approve) I am comfortable to continue to hold on. So I am thinking of  waiting a while for the results of BSL EGM....
Thoughts?

Hi header,

Whether FF Wong and his son can sell BP or not, it doesn't change the fact that BP is majority owned by BSL. Unless you are looking more into this fact, personally to me it doesn't make much difference as BSL is a listed entity.

(04-12-2023, 11:24 PM)¯|_(ツ)_/¯ Wrote: Thanks all valuebuddies for the recommended counter.
From my trading records, I started buying on 29/3/2018. 
My average cost should be about 80 cents.

I intended to hold as I am comfortable if there are no trading activities on this counter. 

Gratitude.
Enjoy:

Hi  ¯|_(ツ)_/¯,

I would like to undertsand your decision to hold BPL as an unlisted entity if you could hold BPL through BSL as a listed entity. Is there a difference?

setan

(05-12-2023, 09:51 AM)ghchua Wrote:

(04-12-2023, 08:50 PM)header Wrote: My original thoughts is also to tender at the price of $1.18. But after thinking through, if FF Wong and son are not able to sell (ie. BSL independent shareholders refuse to approve) I am comfortable to continue to hold on. So I am thinking of  waiting a while for the results of BSL EGM....
Thoughts?

Hi header,

Whether FF Wong and his son can sell BP or not, it doesn't change the fact that BP is majority owned by BSL. Unless you are looking more into this fact, personally to me it doesn't make much difference as BSL is a listed entity.

As a result of the spin-off, a lot of BP OPMIs are probably also BSL OPMIs. Many of these BP+BSL OPMIs who accepted the earlier offer may not be happy that FF Wong/son going to get a better personal offer than them (Well that's human nature and we have to accept it sometimes).

From a rational BSL-only perspective for an ex BP+BSL OPMI, it is better to have the controlling shareholder having full alignment via fully owned interests, than non-fully owned.

(05-12-2023, 10:32 AM)setan Wrote: Hi  ¯|_(ツ)_/¯,

I would like to undertsand your decision to hold BPL as an unlisted entity if you could hold BPL through BSL as a listed entity. Is there a difference?

setan

I had a small number of unlisted company and some of them turns up to be ok and some turns up to be fantastic.  For BP, my instinct tells me that this should be a ok case and so won't be doing anything. 



Gratitude and once again, thank you our valuebuddies for the tips.

(05-12-2023, 12:04 PM)weijian Wrote:

(05-12-2023, 09:51 AM)ghchua Wrote:

(04-12-2023, 08:50 PM)header Wrote: My original thoughts is also to tender at the price of $1.18. But after thinking through, if FF Wong and son are not able to sell (ie. BSL independent shareholders refuse to approve) I am comfortable to continue to hold on. So I am thinking of  waiting a while for the results of BSL EGM....
Thoughts?

Hi header,

Whether FF Wong and his son can sell BP or not, it doesn't change the fact that BP is majority owned by BSL. Unless you are looking more into this fact, personally to me it doesn't make much difference as BSL is a listed entity.

As a result of the spin-off, a lot of BP OPMIs are probably also BSL OPMIs. Many of these BP+BSL OPMIs who accepted the earlier offer may not be happy that FF Wong/son going to get a better personal offer than them (Well that's human nature and we have to accept it sometimes).

From a rational BSL-only perspective for an ex BP+BSL OPMI, it is better to have the controlling shareholder having full alignment via fully owned interests, than non-fully owned.

Hi Ghchua/ WeiJian
Agree with both of you.  If Wong and son are unable to sell, they may be much motivated to make sure BP do even better and they exit at even high price?  This is to show BSL OPMI for not allowing them to sell.

What can Wong and son do?  Perhaps relist BP when market sentiment is better at higher valuation when interest rate is lower?

(05-12-2023, 08:30 PM)¯|_(ツ)_/¯ Wrote:

(05-12-2023, 10:32 AM)setan Wrote: Hi  ¯|_(ツ)_/¯,
I would like to undertsand your decision to hold BPL as an unlisted entity if you could hold BPL through BSL as a listed entity. Is there a difference?
setan

I had a small number of unlisted company and some of them turns up to be ok and some turns up to be fantastic.  For BP, my instinct tells me that this should be a ok case and so won't be doing anything. 

Hi  ¯|_(ツ)_/¯
Can u share ur experience in holding unlisted company?  What companies are these and how they did turn out?  How long is the holding period to finally exit?  Tks.

H,
I'm not ready to share my unlisted counters.

Just wanted to add that I noticed that a lot of people buy stocks is to sell them to make profits.

However, if you're rich ... erh, I mean don't really need $$$, then holding on to a listed or unlisted company becomes not so important.

What is important is whether the unlisted company will continue to have a good future.  Oh, one of my unlisted stock actually re-listed again

Enjoy:


Gratitude.

If buying stocks is not to sell and make profits, what could be the motives?
Keep them as antiques and pass on to the next generation? Isn't an exit plan necessary to investment?

Valuation wise, isn't it quite easy to decide selling off BP and buy BSL now? Why the struggle of keeping an unlisted BP while BSL is there to grab with darn low valuation? Is it a sentiment in play?

Am surprised to read that Thomas Chu just accepted the revised offer of $1.18. I thought he and other independent directors all accepted the original offer. Seems he also not stupid...