Posted by simon2020 > Aug 28, 2020 9:46 PM | Report Abuse

Reduction in RM180.5M bank borrowings means less provision for loan expenses to increase future profit. Also balance of RM180 million cash goes a long way as working capital to earn more profit?

Since BJCorp already announced dividend in specie of 40 shares for every 1k shares held, will BJLand do the same with its Treasury Shares or better, declare its 40% shareholding in BJToto as dividend for BJLand shareholders?

Posted by Eric Lim > Aug 31, 2020 10:17 PM | Report Abuse

Crazy idea

Posted by firehawk > Sep 1, 2020 7:29 AM | Report Abuse

all are eager for dividend ... vt knows what to do!
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GIVES AN ON HEAD HAMMER!

Posted by firehawk > Sep 1, 2020 7:30 AM | Report Abuse

to wake them up!

Posted by Leong1982 > Sep 1, 2020 10:08 AM | Report Abuse

Share dividend won't be given to BJLand miniorities.
Susah susah accumulate then easily give to us? Don't dream!

Posted by sailang_now > Sep 1, 2020 10:52 AM | Report Abuse

Why not? BJCorp already owns 76% and balance held by TSVT associates & minority.. cheaper way to immediately monetize BJLand assets as machais already accumulated so much shares mah!

Posted by miniminer > Sep 1, 2020 2:12 PM | Report Abuse

Aiyoo....cepat kiss la, semua duk tunggu wayang tamat, nak balik rumah ni..... hehehe.......

Posted by kahhoeng > Sep 2, 2020 8:40 AM | Report Abuse

Deadline is fast approaching on the liquidity issue, wonder what's BCorp plan?

Posted by wantanmi > Sep 2, 2020 9:34 AM | Report Abuse

Yup! Looking good..since BJCorp is giving out its 7-8% treasury shares as dividend shares to shareholders...BJCorp has room to issue additional shares like Penta deal for share swap exercise with BJLand minority by next Qtr to address liquidity issue meeting Bursa 20% PSS?

Posted by Eddysurge > Sep 2, 2020 10:16 AM | Report Abuse

Even you reached 20%, but no-one dare to buy due to poor performance and bad management. Get it!

Posted by gangnam > Sep 2, 2020 10:28 AM | Report Abuse

Lol...Bro! pagi pagi sudah issue threats...somebody must have hit jackpot?

Posted by Eddysurge > Sep 2, 2020 10:31 AM | Report Abuse

No really threat. But worry a lot.

Posted by Eddysurge > Sep 2, 2020 10:49 AM | Report Abuse

My worriness is coming with fact and cynical perspective from vary groups.

Posted by gangnam > Sep 2, 2020 10:50 AM | Report Abuse

Lol... Why worry when u not shareholder? Anyway with RM380 million in cash compensation from Jeju Korea and another RM650 million on the way from GMOC arbitration...BJLand is a cash cow for BJCorp which is in worse shape after loses of RM346m in current Qtr and still 20.5 sens?

Posted by Eddysurge > Sep 2, 2020 11:20 AM | Report Abuse

Only one time and so so for shareholders to benefited .Next qtr will scarce for good ideas to continuing support.

Posted by Eddysurge > Sep 2, 2020 4:31 PM | Report Abuse

https://www.klsescreener.com/v2/news/view/722863

Posted by Eddysurge > Sep 2, 2020 4:35 PM | Report Abuse

This also don't know can effectively work with bolehland or influence VIP.

Posted by Eddysurge > Sep 2, 2020 8:50 PM | Report Abuse

Bought SEM shares, so cheap! A merely 28 cents shares eagerly bought 1.30 above share for antique use. Look , previously bjmedia also keen bought bjcorp shares, but delisted,

Posted by Eddysurge > Sep 2, 2020 8:51 PM | Report Abuse

No, no only 18 cents..

Posted by Eddysurge > Sep 3, 2020 9:32 AM | Report Abuse

A professional auditor for multimillion assets PLC will question why want this acquisition for SEM shares when self company still in in loss at huge in quarterly report and bjland market price still unfavorable low 0.18 cents? What's the reason for acquisition and forecast for profits at any terms written in records by purchaser.

Posted by gangnam > Sep 3, 2020 10:20 AM | Report Abuse

Lol...analogy is simple Bro... did anybody asked why BJLand, a property company's holding 40% shares in BJToto a gambling company? Since BJLand already owns 53 million shares representing 4.6% in SEM a profit making concern during bad times, it can declare as share dividend later for shareholders similar to BJCorp? killing 2 birds with one stone...

Posted by Eddysurge > Sep 3, 2020 11:05 AM | Report Abuse

Oh bro, I also asked same question. But if your company strength or financial situation is lower than acquisition PLC market price, is no same any more. Unless the purchaser/manager can provide profitable for others to understand.

Posted by Eddysurge > Sep 3, 2020 11:10 AM | Report Abuse

Properties company borrowing money for fund with high yield, but spend the fund for no equivalent PLC shares that bring little. Like a a palace but for cow.

Posted by Jeffreyteck > Sep 4, 2020 7:01 PM | Report Abuse

Selling here and there within own group, that is what BJ knows best to do since unable to deliver reasonable results.

Posted by kahhoeng > Sep 7, 2020 6:55 PM | Report Abuse

VT intends to keep BLand listed?

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3086164

Further to our announcement dated 23 June 2020, the Board of Directors of Berjaya Land Berhad (“BLand” or “Company”) wishes to announce that Bursa Malaysia Securities Berhad has, vide its letter dated 4 September 2020, granted BLand a further extension of time of 6 months from 23 September 2020 until 22 March 2021 to comply with the approved public shareholding spread of 20% (“20% PSS”).

Currently, the public shareholding spread of BLand stood at 13.255%, a shortfall of about 6.745%. The Company has yet to formulate any rectification plan to address the shortfall in the 20% PSS but will explore all possible options to meet the 20% PSS.
This Announcement is dated 7 September 2020.

Posted by kelvin61 > Sep 8, 2020 7:25 AM | Report Abuse

No, he's taking advantage of the slowdown to buy more time from the regulators. Eventually, he will take it private. I'm sure he's not wasting his time to collect for so long to give up finally.

Posted by kahhoeng > Sep 8, 2020 9:27 AM | Report Abuse

err... are you sure, sounded like Bursa is abating VT's effort to buy cheap???

Posted by Eddysurge > Sep 8, 2020 10:09 AM | Report Abuse

Bursa roles is to lending hand to his clients for mutual benefits. Already being bait, must be patient. For those want this kukuciou share, you can easily choose from comparative bursa PLC stocks as well.

Posted by Eddysurge > Sep 8, 2020 10:11 AM | Report Abuse

Since they are more easily gain due to small size.

Posted by gangnam > Sep 8, 2020 10:14 AM | Report Abuse

Lol...Let's be happy if Uncle Tan wants to sell cheap...can collect more since the possibility of delisting by Bursa due to PSS non compliance has been deferred by Bursa until March next year...by then it's to late to buy cheap for privatisation as cash from Jeju Compensation & GMOC Arbitration value more than RM1 billion already with BJLand...in meantime let's enjoy better than FD share dividend from BJCorp...

Posted by Eddysurge > Sep 8, 2020 10:26 AM | Report Abuse

If uncle Tan was to sell cheap, he should selling now without delaying. What's he waiting for since long time already .

Posted by gangnam > Sep 8, 2020 10:38 AM | Report Abuse

Lol...Bro didn't you know Uncle Tan's a water dragon? He's waiting for the RM1,000 million cash be collected by BJLand first before a buy one free one privatisation since current capitalisation only RM900 million mah!

Posted by Eddysurge > Sep 8, 2020 10:44 AM | Report Abuse

So, he doesn't want to sell cheap. And he wants to privatise after 6 months.

Posted by Eddysurge > Sep 8, 2020 10:58 AM | Report Abuse

So, according Bursa announcement, the excuses for increasing to 20% is bluffing. How to sell cheap if uncle Tan or bjcorp don't let's out.

Posted by Eddysurge > Sep 8, 2020 11:00 AM | Report Abuse

7% who's share that wants to sell cheap??

Posted by kelvin61 > Sep 9, 2020 12:02 AM | Report Abuse

So, looks like VT don't have the bullets to offer a fair price to buy over the remaining meager 13.255% currently. Not as rich as he tends to behave. Still using the Berjaya group of companies' funds to buy back shares via cross holdings regularly in the market. That is one of the stunts investors don't like. It's an abuse of the companies funds not for business expansion or for growth purposes. No wonder the BERJAYA GROUP of COMPANIES have very little following. Only few anal-list follow their stocks. Zero following for BJLAND and BJCORP and the message is crystal clear. When would these major shareholders live up to their status and act with conscious.

Posted by kelvin61 > Sep 9, 2020 11:51 AM | Report Abuse

Wonder why the regulators have given BJLAND so much time to regularise their PSS. Is there something amiss at the regulators or is there more than meets the eye on VT's influence?

Posted by simon2020 > Sep 9, 2020 1:18 PM | Report Abuse

No worries let's enjoy the 8 sens equivalent dividend shares from BJCorp first, better than FD... looks like many buyers waiting at 17.5 sens?

Appreciate OceanSky efforts to unravel BJLand's balance sheet... Keep up the good work!

RM613 milion nett cash inflow from GMOC & Jeju Compensation to BJLand is alot of money. Don't forget the RM649 net gain from sale of FSKyoto..since 50:50 partnership, BJLand's portion should be 324.5 million!

Total nett cash inflow is RM937.5 million more than current market value of RM900 million. Just like buy one free one!

OceanSky Refer to BLand latest closures again.

1. For GMOC, total proceeds shall be of RM600 million (inclusive of interests);
Less it's liability of RM108 million; gross inflow to BLand (with partners) is RM492 million;
Less 49% minority interest; nett inflow to BLand is RM251 million.

2. For Jeju case, total proceeds is not disclosed, let assume is at RM600 million (around there);
Less it's liability of RM112 million; gross inflow to BLand (with partners) is RM488 million;
Less minority interest; nett inflow to BLand is RM362 million.

3. Therefore, in BLand book receivable, it shall be RM1,200 million;
Par down of liability is RM220 million;
Less minority interest, of RM367 million;
Nett inflow to BLand is RM613 million.

With above re-phasing, it shall be better clarity for all

Posted by Eddysurge > Sep 9, 2020 5:37 PM | Report Abuse

What Oceansky briefly unravel the mysteries of balance sheet to us is highly appreciated and contributing to I3 forum than compared unused mysterious booklet yearly report.

Posted by Eddysurge > Sep 9, 2020 5:47 PM | Report Abuse

The advantages of receivable payment from previously failure projects that dragging for long terms is far far heart broken from downgraded market share value, dividend paid out, wasted mega projects proposal bring little to future trust and contribution from BoD that lost the entity to bjcorp or BoD lead by TSVT.

Posted by Eddysurge > Sep 9, 2020 6:01 PM | Report Abuse

Meanwhile bjcorp is also inescapable from investment to bjland that's saw shrinking share market value if compared few years ago. The BoD is so poor performance for the investment as kevin61 mentioned above.

Posted by Eddysurge > Sep 9, 2020 6:11 PM | Report Abuse

Already big loss in quarter results, still proposed wanted to big investment to others PLC or Singer that cause casualty.

Posted by kahhoeng > Sep 10, 2020 3:32 PM | Report Abuse

kelvin61 Wonder why the regulators have given BJLAND so much time to regularise their PSS. Is there something amiss at the regulators or is there more than meets the eye on VT's influence?
09/09/2020 11:51 AM

kelvin61, what you can do is to write to SC seeking an investigation into officer allowing BCorp to delay addressing the liquidity issue. Think the decision is made by BURSA and not SC...

Posted by Timercheng > Sep 11, 2020 4:38 PM | Report Abuse

Sudah kao tim loh! , don"t waste your precious time. Better buy Comfort loh! Uncle is there mah!

Posted by Timercheng > Sep 11, 2020 4:41 PM | Report Abuse

But don"t sell die2 hold . Don"t let VT get 90% loh Diversify to Comfort

Posted by Timercheng > Sep 11, 2020 4:43 PM | Report Abuse

Gloves r still the main actor for BOOSA

Posted by Eddysurge > Sep 11, 2020 5:11 PM | Report Abuse

Comfort baru baru sekarang, masa kini agak bagus, tapi mesti tahu tepis buaya.