Yup...abnormal increase in Macai activities.. anyway this few days before 2 September is the end of 6 Mths from BJCorp's official purchase date of BJLand shares from Penta on 3 March?

With provisions for all sorts of impairment loss behind BJLand, the balance sheet has been scrubbed clean by VT & team before the good things come back! Btw there seems to be a news blackout from our internet stars today, something's cooking?

Wah! So fast arrived at FS Kyoto already? Another urgent meeting with prospective Chinese buyer?

https://ibb.co/ryThL8p

TunM's Dialog & Dinner with Malaysia Diaspora held at Sheraton Hanoi Hotel owned by BJLand..wah VT...such big cables!

https://ibb.co/88RTHpm

TunM is currently on a 3 days official visit to Hanoi, Vietnam. Guess who is also currently in Hanoi to inspect BJLand's 50% owned Sheraton Hanoi Hotel & Hanoi Garden City project developed by Berjaya Handico12 a JV owned by BJLand in Hanoi.

if sales of previous BJLand projects in Vietnam already made more than RM200 million profits what about the above mentioned Vietnam properties still owned by BJLand in Vietnam also sales for profit? as BJLand intents to exit Vietnam's hotel business?

https://ibb.co/xLB21pt
https://ibb.co/mhfPLhY

https://www.thestar.com.my/business/business-news/2018/12/29/berjaya-land-plans-to-exit-vietnam-hotel-business

Just woke from my afternoon nap. Looks like most stale day (T2+1) traders has been flushed out? After a small storm always appears beautiful rainbow :)

Good! Here's some interlude to pass the time..while waiting for VT's initial offer?

https://youtu.be/6E2hYDIFDIU

Don't fall into Mgts's trap that's precisely what they want u to sit idly by while they do the lefthand to righthand dealings, we suspect BJLand is working out the 5 days VWAP for privatisation purpose, these few days are crucial to determine what will be VT's initial offer.. to minority in case of Privatisation!

Yup! This confirms the accounting trick to defer recognition of profit for the current Qtr.

Berjaya Land Bhd (BLand), which is controlled by tycoon Tan Sri Vincent Tan managed to post a net profit of RM148.03 million for the cumulative 14-month period.

Quarterly and cumulative revenue stood at RM1.08 billion and RM7.32 billion respectively, the group said in an exchange filing.

BLand said profit during the two months under review was impacted by unfavourable fair value changes (non monetary provision impairment) of investment properties, gaming rights, assets of disposal group, as well as that of goodwill.

Majority are provisions for impairment on goodwill which are non monetary in nature (a favourite accounting trick by VT's Accountant to hide the actual profits), such provisions can be reversed anytime to recognise the profits at a later date. If VT is buying aggressively on all his counters at the same time when such impairment loss are simultaneously announced out of nowhere, with increased Macai activities points to some corporate actions in the near future?

对，这是买便宜的最佳时机！

忽略噪音只是跟随你的心脏并逢低买入!

Right! if no corrections in light of new facts established...the analysis is faulty anyway & discredited! Btw seems pro-establishment & not on minority side?

According to Nomu website above:
There are still 11 units of FS Kyoto Residences left for sale out of the original 57 available.

https://ibb.co/5nxY02S

Once the 57 FS Residential Units are sold, according to VT, the FS Hotel which is also available for sale for RM1.68 Billion is free to BJLand/BJCorp!

The FS Kyoto Hotel & Residences has:
* 180 units of Residences (out of which 11 out original 57 hotel Residences are available for sale.
* 123 hotel guest rooms.

https://ibb.co/C0v0Sbw

Maybe the FS Hotel sales has not been finalized yet. That's why the listing has not been removed yet?

But pls.note that there are 2 packages in the FS Kyoto Hotel & Residences development.
* Four Seasons Kyoto Hotel main building (worth RM1.68 Billion) already paid for with the sale of 57 FS Residential Units and called free Hotel by VT
* FS Kyoto Residences - made up of another 57 FS Residential Units separate from FS Kyoto Hotel (37 units confirmed sold by VT in Dec. 2018), balance of 20 units would have been sold by August 2019
* Some units listed by international property house maybe resale FS Kyoto Residential units by individual owners & not necessary BJ Kyoto.

e.g. refer links

https://www.jamesedition.com/real_estate/higashiyama-ku-kyoto-shi-japan/four-seasons-hotel-residences-kyoto-higashiyama-10604837

https://www.nomu.com/pro/fourseasons-kyoto-en/

The FS Residences unit listed by Sotheby's already sold?
https://www.sothebysrealty.com/eng/sales/detail/180-l-4432-kps4ct/four-seasons-hotel-residences-kyoto-the-garden-suite-2-kyoto-ky?gclsrc=aw.ds&&gclid=CjwKCAjw44jrBRAHEiwAZ9igKPu9Fm3K5BCw_kRF8QVvF26hfSvb7SZamyOE-ECNfvJRouSNu9phNhoCu7cQAvD_BwE

Recall:
"On the divestment of the Four Seasons Hotel and Hotel Residences Kyoto, he said the group is still in talks with several parties as it is looking for a “high” price for the property.

“Most probably we would sell the whole stake in the hotel but we still have over 20 units of residences that we might keep or sell later when the price is right,” he said.

Four Seasons Hotel and Hotel Residences Kyoto which officially launched in December 2016, built on land bought at low price in 2009 and fully paid for it, with the US$400 million development cost to be funded via bank borrowings.

“Once we sell the residences (out of 57 units, 37 units already sold in Dec. 2018, by Aug. 2019 most of 20 units left would have been sold with Japan Olympics in 2020! we would manage to pay the bank’s borrowing off and we will get free hotels (with FS Residences sold!, FS Kyoto Hotels is free!) plus cash,” he said.

The tycoon said the group also plans to list its hotel business, which it does not intend to sell and hold for the long term particularly its Malaysian hotels, and is still in talks with some minority stakeholders (minority foreign funds shareholders like Penta & Macquarie Bank?) on the move (Privatisation?) he group expects the divestment to be finalised soon.

http://www.frontdesk.com.my/index.php/2019/01/17/berjaya-to-build-four-seasons-resort-in-okinawa/

At Four Seasons Kyoto on 29 Nov. 2016,, about 50% of the 57 hotel residences has been sold at US$5,000 to US$6,000 per square foot. Tan said prices for the remaining units will be higher. ttps://www.thesundaily.my/archive/2077748-MTARCH411592

Remember a knife cuts both ways.. pressed to 15 sens already lost RM500 million, if pressed to 5 sens even VT will lose his pants, as he is not the only one who could afford to Buy, there many others waiting for this chance that comes once in every 10 years.

The difference is VT only has 56% BJCorp vs 85% BJLand so not that easy to press...anyway even a Fox wants it's day in the Sun..so the same with VT, very sure he also wants to be listed among the top 10 richest man in Malaysia comes 2020?

Note: VT was worth RM1.2 Billion in 2010, now left only RM770 million, come 2020 his Fortune might doubled/ to RM1.5 Billion or more.

https://www.forbes.com/profile/vincent-tan/#18cd8fe21d0b

This will be a fitting Final Curtain for those who camped here...

https://youtu.be/6E2hYDIFDIU

Don't have to be here If you already?

Unless sonebody got seller's regret?

Said earlier...
"Finish sell ,,bye bye"

All the Chairman's Macais & Chronies very quiet due to embargo pending any announcement?

Very sure VT has big plans for BJLand on privatisation with the Royal touch after successful sale of FS Kyoto to chinese buyers?

Recall:
https://www.iproperty.com.my/news/berjaya-corp-launches-four-seasons-kyoto/

TA recommended by OTB still intact?

Recall: TA by awansaham for sharing...

"Looking at this chart as mentioned earlier, we expect this share is reversing the trending down to up. By looking at the price movement, we could see price test previous high (resistance) at 25/26 Sen..."

https://ibb.co/cFt1WGs

Bonus is now most of the free floating shares are now is strong hands, in a position to negotiate better terms from VT.

Buy BJLand first, there is no hurry to buy BJCorp yet. There may be combination or option for cash & share swap, so buy BJLand can also get BJCorp shares later?

Welcome onboard guys... remember to lodge a complaint on breach of MMLR report with Bursa after your purchase with the template provided by Shortinvestor77 earlier to make things Hot for BJLand & Bursa to speed things up!

Lucky managed to grab some at lowest price yesterday...looks like already at barrier's door. When will it be broken?

Just work up from a quick nap & volume already up so much!

Anyway here's a recent TA by awansaham for sharing...

"Looking at this chart as mentioned earlier, we expect this share is reversing the trending down to up. By looking at the price movement, we could see price test previous high (resistance) at 25/26 Sen..."

https://ibb.co/cFt1WGs

Hope to get at 15 sens also...anyway no need for new a/c to kasi comments :)

Hi Kasi why still here? thought u mentioned to only come back EOY? When BJLand made big profits last Qtr.still down, so if VT want to make any non monetary impairments it only delays recognition of the profitability but not actual loss of money. Anyway pending decision by Bursa/SC the GO is still on..

Btw the big peg at 25.5 for BJCorp is still there...

Obviously someone's playground, biding time for the 5 days average pending GO?

Btw some big fish still waiting to collect BJCorp at 25.5 sens since last 2 months. There's a 12.68 million buyer's queue Vs 3 89 million seller's queue, which is rather odd and points to some corporate movements coming in place?

https://ibb.co/3Bh7KTc

In case u missed it, there's a fourth interim dividend payable to BJLand of 4.5 sens by BJToto on 16 August 2019 on top of 3.5 sens payable by BJToto to BJLand on 10 May 2019 making it a total of 8 sens per share for the coming consolidated a/cs?

https://ibb.co/8KkmQ77

shortinvestor77 BJland received 3.5 cents Q dividend on 10 May from BJToto. Impairment is just 3.07 cents. Not a big deal.

Just look at the big picture. The consolidated 14mths a/c for BJToto indicated a profit of RM239.5 million Vs a RM44.9million impairment provision on non monetary Goodwill for a BJToto Philippines subsidiary? Basic earnings for the period is 17.45 sens per share, out of which 16 sens per share was declared as dividends to shareholders.

Since BJLand owns 41% shares in BJToto, the dividends receivable will be 41% x 16 sens = 6.56 sens per share or 6.56 sens X 1,351,000,000 = RM886.33 million for the year which is rather profitable?

https://ibb.co/k5W8F6k

Good sign! Meaning below :)

When profit is there to made, Boss's original instructions can also be bent?

Tiger and snake
If someone is described as “tiger head and snake tail” 虎頭蛇尾 (pinyin pronunciation: hǔ tóu shé wěi) in Chinese, it means that they are not consistent in doing their work. A “tiger head and snake tail” worker promises to do something, then starts the work, but leaves it incomplete, without finishing what they started.

Welcome the converted! Last call @0.23 sens?

BJToto just went up 4 sens to RM.2.77, so BJLand's share in BJToto is now worth 26 + 4 = 30 sens per share!

Why sell now? When 26 sens was used as the basis to determine the earlier Penta 38 sens deal with BJCorp!

When it was 15 sens, people was dreaming of 22sens..since already 22sens, the aim should be much higher now?

Do look at the mirror to see who's the day traders? Must be jealous to have missed the boat that even VT couldn't resist to buy cheap!

"Biar Putih Tulang, Jangan Putih Mata!"
https://peribahasa-melayu-inggeris.blogspot.com/2015/06/biar-putih-tulang-jangan-putih-mata.html?m=1

Anyway the worse is over as the unlimited selling is over due to CEO resignation & fire sales by Goldman Sachs over 1MDB suits?

https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2019/08/09/malaysia-files-charges-against-goldman-sachs-executives-in-1mdb-corruption-probe.html?amp_js_v=a2&amp_gsa=1&usqp=mq331AQEKAFwAQ%3D%3D#aoh=15661927105979&amp_ct=1566192728614&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.cnbc.com%2F2019%2F08%2F09%2Fmalaysia-files-charges-against-goldman-sachs-executives-in-1mdb-corruption-probe.html

https://www.klsescreener.com/v2/announcements/view/28997288

All the cronies coming out from the wood works to defend the indefensible?

Japan’s property market appears to be a beneficiary from the worsening of US-China trade war, as a rising number of affluent mainlanders shift their attention to assets in Japan ahead of next year’s Olympic Games.

https://amp-scmp-com.cdn.ampproject.org/v/s/amp.scmp.com/property/international/article/3013584/japanese-real-estate-looking-good-bet-chinese-grow-weary?amp_js_v=a2&amp_gsa=1&usqp=mq331AQEKAFwAQ%3D%3D#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.scmp.com%2Fproperty%2Finternational%2Farticle%2F3013584%2Fjapanese-real-estate-looking-good-bet-chinese-grow-weary

Tp 26 followed by 30, 38 & next 43?

There is also a sense of urgency from the other side as:

8. Bursa has escalated Minority shareholders complaints on beach of MMLR by BJLand, there's a delay on announcement by authorities as they may adopt SGX's latest delisting rule to protect Minority interests?
9. The 14 months results to be announced EOM will be positive after adding profits from sale of two big Vietnam assets.
10. Sale of FS Kyoto to chinese buyers will be finalised soon?
11. The outcome on GMOC Arbitration, Selangor Turf Club & Jeju Korea Compensation will be known by October etc. and so on?

For late comers...after your purchase, just remember to lodge a complaint against BJLand with Bursa to speedup the privatisation process...it only takes 5 minutes of your time with everything to gain!

So your's is no 19 & mine is no 213. We need more emailed complaints from minority shareholders against BJLand to be lodged with Bursa to strengthen our case!

My Bursa complain reference no for BJLand is CC/213/19. What is your reference no?

So fast! Already got a reply from Bursa. Bursa is escalating the complaint to the line dept. Guys let's sent in more emailed complaints pls.

https://ibb.co/GPNLkm9

Already sent the email. Let's hope all minority shareholders do it to show Bursa/SC and VT we mean business!

Yes count me in. As it's now or never! One For All! All for one!

Guess our self appointed minority & financial controller waiting for instructions from the Boss?