https://amp-theatlantic-com.cdn.ampproject.org/v/s/amp.theatlantic.com/amp/article/7446/?amp_js_v=a2&amp_gsa=1&usqp=mq331AQEKAFwAQ%3D%3D#aoh=15647183982585&csi=1&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.theatlantic.com%2Ftechnology%2Farchive%2F2006%2F09%2Fthe-boiled-frog-myth-stop-the-lying-now%2F7446%2F

That's the best from VT? Actually that is a lefthand to righthand block, not a sell queue, why panic in the absence of any news?

Actually look at the mirror...all are influencers just following the wind?

So confirmed? Kaki Lang? As said be4, the key is BJCorp..

https://www.klsescreener.com/v2/announcements/view/29022070

Btw who is Syed Ali seems to be deeply involved with BJLand projects?

https://www.klsescreener.com/v2/announcements/view/29022070

As said before the key is BJCorp as majority owner not VT? Why put a big 25 4 million block at 25.5 sens? To preserve the conversion ratio?

BJMedia PN17 & loss making still worth 17 sens? While BJLand, profit making with cash in millions closed at 16 sens today?

English version for news update on Korea Jeju court case:
https://translate.googleusercontent.com/translate_c?depth=2&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=http://m.jemin.com/news/articleView.html%3Fidxno%3D608977&xid=17259,15700021,15700186,15700190,15700256,15700259,15700262,15700265&usg=ALkJrhiTROy88S70QCsESbjcr7-3niJGcA

Expected dispute settlement within 3 months by October or EOY?

To kill 2 birds with one stone i.e to have volume to meet Bursa requirements for free float & press down the price to justify better compensation for Korea Govt. on JeJu project coming to completion with Govt. intervention through "the Agreement on the Promotion and Protection of Investment between Korea and Malaysia, entered into force in 1989"

https://translate.googleusercontent.com/translate_c?depth=2&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=http://m.jemin.com/news/articleView.html%3Fidxno%3D608977&xid=17259,15700021,15700186,15700190,15700256,15700259,15700262,15700265&usg=ALkJrhiTROy88S70QCsESbjcr7-3niJGcA

Thxs for the inside knowledge/update. Most impairment loss on JeJu Korea project has been provided for earlier in Berjaya Group's accounts. So no more surprises, any compensation from Korea will be a Bonus!. Looks like VT might use his cables with TunM for a G2G resolution soon?

Any updates on the following?
* Selangor Turf Club land and outcome of Selangor Govt's appeal on Compensation to Berjaya?
* GMOC Arbitration for RM600 million as coming to year 2 already & sale of FS Kyoto, as apparently there is an embargo on VT/Family's hush hush trip to Japan last week?

Correct me if I am wrong?
* The are 15% free floating shares, out of which 8 7% are held by large funds like Macquarie Bank & Penta with balance of 6.3% held by retail?
Refer link
https://ibb.co/HzQXFr0
* VT can delist/privatise by buying 1% more to activate public float limit but he can't forced acquisition of remaining shares from minority unless he can get 90% of remaining shares (90% X 15% = 13.5%).
* In other words VT needs 85% + 13.5% =98.5% before he can forcefully acquire the remaining shares (1.5%) to delist with 100% control.
* It's unlikely Penta & Macquarie Bank (with 8.7%) will accept anything less than 38 sens to sell, given the earlier Penta/BJCorp deal.

What it means is the VT syndicate has been very active for this few months? They have been using influencers who masquerade as minority & used loss leaders to influence/manipulate the market direction even when it's clear cut that the company is recovering and making profits.But at the end of the day nothing is given out for free. Anything done be must for a purpose, the syndicate will recoup their investment soon?

Points to ponder?
* VT has been selling assets for a profit lately
* He also pondering to sell more assets like FS Kyoto for profit
* He or his family has been going for overseas biz trips almost weekly?
* Also most of the major court cases concerning compensation for BJLand will have an outcome by EOY?
* Umobile will be listed latest 2020 & VT already stated his intention to list BJLand's hotels on SGX
* VT also has been on a lookout to acquire profitable hotel biz for his empire through BJLand in line with his listing plans on SGX?

Why not? See example of previous approval given by biz friendly SGX to VT for BJGroup.

https://www.thestar.com.my/business/business-news/2013/07/30/toto-trust-to-list-in-singapore-by-q4/

PCSO is wholly owned by Philippines Govt. directly under President Duterte. Has nothing to do with BJToto.

https://www.pcso.gov.ph/

More news on Icelandair hotel purchase & BJLand's property at Geirs­gata 11, Reykja­vík, as potential locati­on for a super luxury hotel?

https://www.mbl.is/ferdalog/frettir/2019/07/17/tan_wants_to_build_luxury_hotel_in_iceland/

More updates on BJland projects in Okinawa & Iceland.
https://www.nst.com.my/property/2019/07/507144/tan-sets-sights-okinawa

Corrections.. BJCorp not VT as owns 85% of BJLand? Interesting to note that VT owns 56% of BJCorp...so what benefits VT will also benefit minority after the offer to convert to BJCorp shares?

Let's hope somebody sells it down to 16 sens so that we ends up with the following?
# BJToto valued @26 sens per share
# FS Kyoto valued @15 sens per share as half belongs to BJLand?
# GMOC arbitration valued @6 sens per share?
# That not even counting it's property & HR Owens assets and extensive landbank locally & overseas?
# Also most major impairments has be accounted for, so no more surprises?

The Macquarie Bank used to own 4% already sold to Penta and later sold to BJCorp leaving Penta with 3%...that means out of 15%, balance of 12% should be owned by minority? The block at 17.5 sens is to cap the price by VT & associates before delisting/privatisation?

Quote
"Speaking to the media, Tan, the executive chairman of BCorp, said the restructuring exercise would enable BCorp to acquire the prized assets held by the listed subsidiaries at the current cheap valuations."

Recap on proposed restructuring?
https://www.malaysiainternet.my/2018/12/vincent-tan-to-restructure-his-business-empire/

Buy one free one BJCorp possible if delisted/privatised since conversion ratio is maintained whatever the price?

There are vultures waiting for forced selling by weak holders or big shark? Looks like got lower cap of 17 sens for BJLand & upper cap of 26 sens for BJCorp to maintain the conversion ratio should there be delisting/privatisation exercise?

Anyway there should be resolution for some of these court cases EOY from hints given by Mgt. below?

"kahhoeng Major court cases:

1. Sungai Besi Turf Club land dispute
- The hearing of the Selangor State Government's appeal at the Court of Appeal has been fixed for 24 October 2019.

2. China Property Project Disposal
- Further to the last quarterly report, the arbitral tribunal has since been constituted and the procedural timetable has been determined by the tribunal for pre-trial preparations, including closing of pleadings and exchange of witness statements, etc. The tribunal has directed that the arbitration hearing will take place on 14 to 18 October 2019.

3. Jeju Island Property Project
- In July 2018, BJR made an application to the court in the JDC Lawsuit to conduct a second supplementary land price appraisal report, as BJR was dissatisfied with the first supplementary land appraisal report which was based on disputable land reference. The court in the JDC Lawsuit granted BJR's application to conduct a second supplementary appraisal, to be undertaken by a different appraiser. The second supplementary land price appraisal report has been completed and the next hearing date has been set on 25 July 2019."

If wants to buy cheap, can only wait for forced selling or big shark to sell? Looks like value & long term investors are holding & just biding their time?

VM2020!

https://www.thestar.com.my/news/nation/2019/07/22/dr-m-unveils-vm-2020-logo-sets-30-million-tourist-arrivals-target/

Maybe this clarifies things? Bursa must getting stricter?

https://www.thestar.com.my/business/business-news/2010/04/22/kwong-reprimanded-and-fined-for-ncbo-trades/

This is Karma for Penta for being a fox :)

"SEPANDAI-pandai tupai melompat, akhirnya jatuh ke tanah juga (as clever as the squirrel is to jump, ultimately, it falls to the ground)"

Maybe Penta is the one selling as needs cash to settle China problems? Penta still holds 3.32% or 166 million shares in BJLand.

Refer link for latest institutional holders of about 8%?
https://ibb.co/mDR7PVf

Yes August the 8 month of the year? The number 8 is considered auspicious in Chinese culture..

https://www.malaymail.com/news/sports/2013/12/31/vincent-tan-prefers-players-with-lucky-8-in-their-birthdates/590381

https://bleacherreport.com/articles/1905902-report-vincent-tan-wants-to-buy-players-with-8-in-their-birthdate-for-cardiff

"Tan believes that if Icelandair has the will to do so, there would be opportunity in offering direct flights between Iceland and Asia. He doesn’t rule out investments in Iceland outside the hotel business."

Wat other investment?

The Casino de Monte-Carlo is owned and operated by the Société des bains de mer de Monaco, a public company in which the Monaco government and the ruling royal family have a majority interest. The company also owns the principal hotels, sports clubs with jackpot machines, foodservice establishments, and nightclubs throughout Monaco.

As part of Icelandair hotels acquisition. Could VT be negotiating with for a new Casino de Monti-Carlo franchise/collaboration in Iceland as VT met Prince Albert of Monaco last week for biz discussions?.

https://ibb.co/QDhzYLF
https://en.m.wikipedia.org/wiki/Monte_Carlo_Casino

VT got Berjaya TVET College under BJGroup.

https://www.berjaya.edu.my/college/aboutus/

As part of Icelandair hotels acquisition. Could VT be negotiating with for a new Casino de Monti-Carlo franchise/collaboration in Iceland with Prince Albert of Monaco?

https://ibb.co/QDhzYLF
https://en.m.wikipedia.org/wiki/Monte_Carlo_Casino

Looks like VT will strike Jackpot soon with one of the 3 court/arbitration disputes listed above?
Btw what is VT doing in Monaco with Prince Albert last week? Another investment in Casino Biz in progress?

https://ibb.co/QDhzYLF

10.6 million buyers @18 sens today is an indication of market support regardless of artificial efforts to suppress the price..anyway the 18 sens base is good Fung Shui for VT's decision to take advatage of Icelandair's decision to divest it's profit making division to focus on its core Biz of aviation with the market vacuum left by Wow Air's demise in Europe..

https://knowledge.wharton.upenn.edu/article/what-wows-demise-means-for-budget-airlines/

Anyting VT does "Ada Udang disebalik Batu" as Govt. now look seriously at changing the gaming laws for more Legal Gambling in their moves to tackle illegal 4D operators?

Actually VT's 3.1 million purchase of Caring shares is in his personal capacity not for BJGroup. But since PNB is wholly owned by MOF set up to help Bumiputras, it will generate goodwill tremendous goodwill with Govt. (MOF & Minister of Economic Affairs/ex Selangor MB) for VT to further his case for reissue of ESports Betting Licence & favourable compensation for loss of earnings from Selangor Turf Club land to BJGroup?

https://www.casinonewsdaily.com/2019/05/21/malaysian-government-moves-to-tackle-illegal-gambling/

Yes! 18 sens last call. Big buyers has entered the fray. Trend reversal beginning for BJLand (which owns more 40% of BJToto) just like BJToto which is expecting improved profits for coming results in August with increased operations on illegal 4d operators by Govt.

"Stricter enforcement by the authorities to clamp down on illegal NFOs"

https://www.casinonewsdaily.com/2019/05/21/malaysian-government-moves-to-tackle-illegal-gambling/

More updates on BJLand, Icelandair Hotels acquisition
"BLand said the proposed acquisition was in line with the group’s plans for geographical diversification and revenue expansion.

“The luxury hotel segment in Iceland is expected to grow and the proposed acquisition will enable the BLand Group to enter this segment with strategically located hotels in the heart of Iceland as well as certain hotels being operated under the Hilton brand name,” it said.

The proposed purchase will not have a material effect on the net assets and earnings of the BLand group for the current financial year ending June 30, 2019, but is expected to contribute positively to its future earnings."

http://www.bernama.com/en/business/news.php?id=1746480

Right! Already old news as published in April and all impairments on JeJu already provided for in the BJLand's books. Anyway decision only at Sessions Court can still appeal to Higher Courts if required.

Latest news as follows:

BLand buys stake in Iceland company
"BLand said the total earnings before interest, taxation, depreciation and amortisation of these Icelandair hotels was about US$12mil/RM49.3mil for the financial year ended Dec 31, 2018.

Total revenue in 2018 was US$97mil/RM398.7mil

Read more at https://www.thestar.com.my/business/business-news/2019/07/16/bland-buys-stake-in-iceland-company/

Companies in focus on 16/7?

https://www.theedgemarkets.com/article/bland-axis-reit-multi-sports-chin-hin-pegasus-heights-omesti-tex-cycle-and-ijm

Who said Icelandair hotels are all purchased in cash, it could be a mix of shares in exchange & put options in BJLand shares for Icelandair who is selling their profitable hotel biz to focus on their core Biz on aviation, it will solve BJLand's current free float problems in the short term with introduction of a new investor in BJGroup?

https://themalaysianreserve.com/2019/07/15/berjaya-land-purchases-majority-share-in-icelandair-hotels/

Breaking news! BJGroup buys Icelandair hotels a profitable Biz in Iceland. In line with VT's plans to list BJland's hotel biz in SGX? Apparently Tourism is a big Biz in Iceland and the hotels' purchase will add to BJCorp's profitability..

https://www.globenewswire.com/news-release/2019/07/13/1882282/0/en/Berjaya-purchases-Icelandair-Hotels-and-related-real-estate.html

https://icelandmonitor.mbl.is/news/news/2019/05/08/vincent_tan_to_buy_icelandair_hotels/

https://en.m.wikipedia.org/wiki/Tourism_in_Iceland

Actually VT's 3.1 million purchase of Caring shares is in his personal capacity not for BJGroup. But since PNB is wholly owned by MOF set up to help Bumiputras, it will generate goodwill tremendous goodwill with Govt. (MOF & Minister of Economic Affairs/ex Selangor MB) for VT to further his case for reissue of ESports Betting Licence & favourable compensation for loss of earnings from Selangor Turf Club land to BJGroup?

https://www.thestar.com.my/business/business-news/2019/07/05/vincent-tan-raises-stake-in-caring-pharmacy/

http://www.pnb.com.my/about_m.php

https://www.malaymail.com/news/malaysia/2019/01/17/32-agencies-now-under-economic-affair-ministry/1713528

Right! there is no advantage for 5 to 1 as 50 sens share..the most maybe 2 to 1 consolidate into RM1 shares but what the advantage? Finance Minister should study how Singapore stock exchange implemented recent rules to protect minority rights in a voluntary delisting instead?

What did we see here? By no less than Christie's Real Estate!

https://www.christiesrealestate.com/sales/detail/170-l-82548-1709142022542031/four-seasons-hotel-residences-kyoto-kyoto-ky' target='_blank'>https://www.christiesrealestate.com/sales/detail/170-l-82548-1709142022542031/four-seasons-hotel-residences-kyoto-kyoto-ky

https://www.christiesrealestate.com/

As a respectable accountant, you don't really have to work overtime while Boss in Seremban..anyway, all blessings is good for VT, middle fingers regardless. Have a good weekend everybody! :)

Yes, not for Contra Kakis...btw why still here? should join family in UK or Reykjavik..:)

Signs are already there... most of the neighborhood illegal betting shops next to BJToto has recently closed down due to increased police enforcement...launching of Flagship Ferrari showroom by VT at HR Owens Mayfair owned by BJGroup indicates it's motor biz is booming too.

https://www.motortrader.com/motor-trader-news/automotive-news/h-r-owen-open-new-flagship-ferrari-showroom-london-09-07-2019

We should get an activist oriented person like freetospeak or Good123? to start the ball rolling for all minority shareholders at Bursa...any volunteers?

All Minority Shareholders at Bursa should unite & start a petition to adopt "delisting rules like Singapore" as a major way to push politicians towards positive change for Bursa/SC on protection of Minority Shareholders' Rights in New Malaysia?

ttps://www.change.org/

Who do we see in the list? Bossku? T. Adnan? & The UMNO list goes on...

"Present low price could also be due to proxies selling their shares in BJGroup to raise cash pay for legal costs in their corruption cases? Survival is more important than keeping shares in profit making assets? "

Ever head of the famous adage..."Boss wants Cash not Goods" ? so buy while there is still a cheap supply...once dried up u won't get such fire sales anymore...

Read link below to see owns shares in VT's group...

https://www.malaysia-today.net/2010/04/22/senarai-tokoh-umno-yang-memiliki-saham-syarikat-judi/

U mean this one?
https://www.thestar.com.my/news/nation/2019/07/09/dr-m-urges-major-industry-players-to-support-tvet/

VT got Berjaya TVET College under BJGroup..
https://www.berjaya.edu.my/college/aboutus/

Clear proof of Left Hand 2 Right Hand ..jokes aside... something's is brewing...hang on tight 4 the joyrides...Berjaya Hills Resort rings a bell?

https://www.pressreader.com/malaysia/new-straits-times/20161130/282445643666817