Lol...this is good news as those with deep pockets...is time to accumulate cheaply, as almost all big impairments has been recognised in BJLand's accounts...starting with next qtr. should show profit with recognition of Vietnam property sale of RM222m...should the money from Jeju Korea compensation of RM1.4 Billion and GMOC property sale of RM600 Million comes this year...the provision for impairment in BJLand's account for this property sales will be reversed and added back to profit...

Lol...Penta must know something to dump BJCorp? Anyway we will wait for the latest qtr. report...

Lol...哈哈......只是想知道为什么马赛人如此努力？让谭叔叔在创始人3月28日宣布这一消息

Lol...Since Penta still holds 5.64% of BJ Corp which qualifies Penta as a substantial shareholder (>5% so needs for public disclosure to Bursa on any sales or purchase), we will soon know if Penta is the one selling in order to buy more BJLand for conversion to BJCorp shares at the agreed ratio of 38/30?

https://klse.i3investor.com/insider/substantialShareholderNoticeOfInterest/3395/05-Mar-2019/12903_1351355533.jsp

Lol...that sounded like from a majority rather than minority...anyway this is new Malaysia & the rule of law...bolehland nowithstanding...

Lol...不同羽毛的鸟不会混在一起...当Penta代表Tan叔叔向BJCorp出售3％的余额时，让我们看看SC是否允许它？

Lol...since the public spread almost breaching 15% and Penta still has 3% BJLand shares to sell to BJcorp at the conversion rate RM0.38/0.30 or better since BJCorp has dropped even lower today...with 12/% public spread don't u think SC/Bursa will not intervene if BJCorp does nothing?

Lol...maybe for Uncle Tan & Team but BjCorp as the majority shareholder of BJLand is still subject to the Rules & Regulation of Bursa... don't think Uncle Tan can convince Bursa to accept less than 15% for delisting/privatisation of BJLand...anyway cashflow is not a concern of BJLand atm with so much cash in the kitty as highlighted by OceanSky based on BJLand's latest quarterly report above...

Lol... Uncle Tan & Team has far bigger worry at BJCorp...since cash flow is not an issue with Oceansky's analysis of BJLand latest Qtr. report..the plan for delisting/privatisation of
BJLand is intact with public shareholding spread approaching 15%...

https://www.theedgemarkets.com/article/bcorp-shares-hit-5year-low-after-subang-airport-accident

Lol...the reason profit announced a bit lower is because BJToto which is 40% owned by BJLand gave a dividend of 3.5 sens for this qtr. instead of the usual 4 sens quarterly...further BJLand's 40% in BJToto is worth RM1.258 billion based on BJToto market capitalization of 1.35 billion shares with current market value of RM2.33 per share! Isn't it ridiculous that BJLand's 40% shares in BJToto already worth RM1.258 billion compared to BJLand's present market capitalisation of RM1.35 Billion? This is not even counting the RM222 million already received from the Vietnam property sales but not recorded in this quarter?

Lol...actually based on for the Review of Results For the 9-month Period ended 31/01/2019 indicated the profit before tax actually improved by 193%! compared to the corresponding 9 month ended 31/01/2018. Also with completion of the Vietnam hotel disposal for the next quarter, BJland will have another estimated gain of about RM192.33 million...

https://www.theedgemarkets.com/article/berjaya-land-sells-entire-stake-intercontinental-hanoi-rm222m

Refer pg. 23, BERJAYA LAND BERHAD - UNAUDITED INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 31 JANUARY 2019
https://klse.i3investor.com/servlets/staticfile/352649.js

Subsequently, on 1 March 2019, the Company announced that all the conditions precedent under the Proposed TPC Village Disposal have been fulfilled and is now unconditional. Accordingly, the Proposed TPC Village Disposal has now been completed. A total of VND2,619.57 billion (about RM467.64 million or about USD112.33 million) in cash amounting to about 90% of the Sale Consideration and Inter-Co Loan, totaling VND2,915 billion (about RM520.38 million or about USD125 million) ("Total Payment Receivables") has been received by TPC Development. Another VND233.20 billion(about RM41.63 million or about USD10.00 million) of the Total Payment Receivables (currently in escrow), will be received on or before 3 May 2019, while the balance of the VND62.23 billion (about RM11.11 million or about USD2.67 million) (which is also in escrow), will be received upon the receipt of the amended Investment Certificate to be issued by the Vietnamese authority.

Refer pg. 16, BERJAYA LAND BERHAD - UNAUDITED INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 31 JANUARY 2019
https://klse.i3investor.com/servlets/staticfile/352649.jsp


9-month Period ended 31/01/20198
Revenue (RM'000) - 4,601,631
Profit from operations (RM'000) - 337,805
Profit before tax (RM'000) - 265,447

Versus

9-month Period ended 31/01/2018
Revenue - (RM'000) - 4,780,248
Profit from operations (RM'000) - 340,320
Profit before tax (RM'000) - 90,506

Lol...KYY叔叔也这么认为？

https://klse.i3investor.com/blogs/koonyewyinblog/198495.jsp

Lol...大声笑...执行主席人们永远不会担心，因为钱不是他们的...无论如何，有很多狼穿着羊皮...

Lol...the last Penta deal was based on average of 0.255 to arrive at 0.38/0.3 conversion ratio...since the current average is 0.285... the next offer from Uncle Tan will definitely be higher to entice minority to convert...huat ahhh "6666"...just wondering why Uncle Tan still haven't come back from China after visiting Tokyo over the weekend...finalizing something like the GMOC abitration case? for even more cash flow of another half billion??? to announce some goods news on Founder's Day on March 28?

Lol...大家好！在创始人日之前从东京和澳门回来后，谭叔叔会宣布好消息吗?

BJToto a subsidiary of BJLand already up 5 sens today...
https://www.theedgemarkets.com/article/maybank-kim-eng-upgrades-berjaya-sports-toto-buy-price-target-rm265

Lol... coincidentally RM1.4 billion is the current market capitalisation of BJLand, with RM500 million cash already received from Vietnam property sales, the RM1.4 billion compensation from Jeju Korea and another RM1.6 billion from Kyoto Four Seasons sale..that makes a few billions cash receivable for BJLand...no wonder Uncle Tan wants to privatise?

Lol...BJR a subsidiary of BJLand instituted the lawsuit in 2015 to claim compensation against JDC.

The lawsuit against JDC is ongoing and the group’s Korean lawyers have opined that BJR has a good chance of success in its lawsuit against JDC. The group is confident that it will prevail in its lawsuit against JDC and succeed in recovering the claimed compensation of US$350 million or RM1.4 Billion! after getting the attention of South Korea President & Lou Ma...

https://www.thesundaily.my/business/bcorp-we-didn-t-lose-us-200m-in-jeju-project-DJ685014

Lol... Berjaya Jeju billion RM compensation to be resolved soon as coming to 4 years already...with some words from Lou Ma?

Berjaya Corp Welcomes South Korea President with Plea for Justice...

Read more at: https://marketingmagazine.com.my/berjaya-corp-south-korea/

Lol...makes us wonder too? Something must be brewing? Here's a snapshot as of 5 March 2019 of major foreign shareholdings before Penta's market actions...

https://markets.ft.com/data/equities/tearsheet/profile?s=BJLAND:KLS

Lol...It's called Securities Borrowing and Lending (SBL) of RENTAS Securities between Penta & UBS Securities. Refer pg. 8~9 for chart on how its works.

https://fast.bnm.gov.my/fastweb/public/files/SBL_July2016.pdf

btw UBS Securities Malaysia is the first foreign broker to be granted authorised borrower status under the reintroduction of regulated short-selling on Bursa Malaysia based on the Securities Borrowing and Lending (SBL) framework.

https://www.thestar.com.my/business/business-news/2007/03/06/ubs-gets-sbl-borrower-status/

Lol...没有必要打架...只是跟随已经很好...风险很小...我们只是后悔我们没有采取的机会...

Lol...只要跟随Penta出售BJCorp ......既然从Tan叔叔手中获得现金以购买更多BJLand？

Lol...当你买一个企业，它的位置位置！但是，当你投资股票时，它的计时定时！因为时间就是金钱！

Lol...大声笑......不要改变主题“整个秘密在于混淆敌人，使他无法理解我们的真实意图。” ......孙子，战争的艺术。

Lol...大声笑......不要改变主题“整个秘密在于混淆敌人，使他无法理解我们的真实意图。” ......孙子，战争的艺术。

Lol...if Penta as an experienced investment adviser thinks it's a good deal who are we to doubt them with their insider's knowledge of Uncle Tan's next step? Anyway they listed under mergers/acquitions dated 30/1/2019, BJLand as their target project...as confirmation of Uncle Tan's privatisation project & the need to keep the 5 days average share price low through a roadblock to determine the second round offer price from BJCorp?

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=35908877

Lol...大声笑......在成为慈济的追随者之后......谭叔叔也希望在所有成功创始人日即将到来之后做好事！

Lol...why only 23 sens why not make it lower still? as the benchmark of 38 sens for one BJLand to one BJCorp share at 30 sens has been set by Uncle Tan/ BJLand management for the Penta deal?

Lol...calm down my man don't have 2 resort to BM to deter people from buying...only left 0.06% for Uncle Tan to breach SC's latest public spead requirements of 15% to the road for privatisation...unless VT wants to bring in Johor Royalty as part of Berjaya's restructuring plan to buy Khazanah's proposed assets sale in Johor and subsequent public listing of BJLand's hotels & resorts in Singapore?

Lol...if we are Penta...will sell BJCorp & buy more BJLand to exchange for more BJCorp shares from Uncle Tan...

Btw according to Berjaya Land's announcement today, TPC Development had, on Dec 25 and Dec 27, inked a deposit agreement and a capital transfer agreement to dispose of the stake (TPC Village) to real estate firm Hanoi Hotel Tourism Development LLC.

Lol...so income from disposal of Vietnam assets will be accounted this coming qtr. ended 31 Jan. as deposit & capital transfer agreement already signed on 25v& 27 Dec. 2018 or next Qtr.?

Anybody can clarify? as BJLand made a provision for loss previously as soon as it is known e.g GMOC assets sale?

https://www.theedgemarkets.com/article/berjaya-land-sells-entire-stake-intercontinental-hanoi-rm222m

Lol...just as mentioned before only round one...more to come?

Lol...only round one today...Uncle Tan just warming up as next Qtr's results and Berjaya Founder's Day on March 28 for good news on Kyoto deal just around the corner?

Lol...右手再次用左手打？

Lol...it's just to buy some time for Uncle Tan before the Kyoto deal is finalized..it takes only 0.06% or another 6 million plus 1 share to breach SC requirements for public spread below 15%. Uncle Tan already given notice to deal in BJLand shares from now until end of March before the next Qtr's results which will recognize the RM500 million cash received from the Vietnam property sales...also Penta still owns about 3% balance of BJLand shares to be converted to BJCorp shares at the drop of a key...reducing the public spread further to 12.06%? If anybody got extra cash just buy it on the cheap..

Lol...右手再次用左手打？

Lol...大声笑......已经确认Penta不再是主要股东，因为向Penta发行的新BJCorp股票将于6/3/19上市

Lol...叔叔谭刚给了一个头奖信号？

Lol...哈哈......看起来谭叔叔打算很快买到大...任何人都在标记？京都议定书禁运解除之前？

Lol...with 3% or less shares left... Penta no longer qualifies as a substantial shareholder under Bursa's 5% or more rule...so no need for disclosure anymore and quietly press/sells on Uncle Tan's behalf..correct us if wrong?

Lol...must be Penta/agent as still holding 3% BJLand shares on behalf of Uncle Tan associates in order to get a better 5 days average prior to privatisation offer from Uncle Tan? Btw he just came back from a successful biz trip from Japan? Anyway at current price is a good deal after booking 10 sens cash per share from the RM500 million cash received from Vietnam property sales.

Lol...另一边的草更绿......只要跟随谭叔叔的风到日本! Btw what will be the limit up for BJLand on privatisation offer? After that...use the profit to buy more BJCorp since Uncle Tan wants to keep it affordable...

Lol...运气之风说小风险可以带来很大的好处!

Lol...only thing is that the dragon also bows to Lou Ma the lucky ox!

Lol...what it means is that privatisation is imminient as BJCorp shareholding will exceed 80% for BJLand...let's see what Uncle Tan will announce on his birthday on 23 Feb?

Lol...哈哈......国王和总理经常来到谭叔叔的开放日吗？
http://s1156.photobucket.com/user/hkchee78/media/received_1913706082062008_zpsi346n7n3.jpeg.html

Lol...不要为老板工作太辛苦...享受你的周末... gongxi fa cai!

Lol... don't looks good as most major shareholders including Rozabil & Felda are selling. Anyway Robin only bought at 12 sens so room to move lower?

Lol... evidently an important trip for Uncle Tan to finalize on the Kyoto Four Seasons assets sale & to update on the Jeju Korea property compensation in Seoul due anytime as 3 years already... leaving Morvin to deal with Cardiff City & Emiliano Sala affairs in UK..

Lol... Uncle Tan can't buy openly otherwise the cat is out of the bag! So he gets Penta/macais to do it quietly for him. Anyway he is busy welcoming a new daughter in law soon..

Obviously as RM87.40 million over 230 million BJLand equals RM0.38 per share...since privatisation is imminient as BJCorp total shareholding in BJLand already breach 84.5% with the latest acquisition and don't meet Bursa listing requirements.. some friendly party/Penta has put up a roadblock to minimise the offer price to remaining shareholders for Uncle Tan to take BJLand private, to meet BJ Group's restructuring plan to be announced on Founder's Day Feb. 23? before Lou Ma retires...