Bought E&O at 86sen

1. As for Berjaya Land’s plan to sell Four Seasons Hotel and Hotel Residences Kyoto, Tan says the company is talking to several parties. The selling price will be high as it is a trophy asset.

“It will be good for us to focus on Malaysia. We also have to fund many other projects. So logically, we will sell [the Kyoto hotel assets]. We can’t keep so many assets. We have to sell to manage our debt equity ratio as well,” he says

<------ monetize asset by selling price range USD 750-800m, and to reap gain USD 350-400m, these translate into cash out from fixed assets into liquid assets for whopping RM 3-3.3 billion, a cash tag that is bigger than entire bjland + bjcorp whole capitalization


2. As for his plan of listing the group’s hotel business in Singapore, he says he is looking into it but it is not finalised yet as the company is still in talks with some minority partners.

“The hotels that we do not sell, mostly our Malaysian hotels, we plan to list in Singapore. We want to list here in Malaysia but we are not able to because of the chain-listing rules,” he says.

<------ Bjcorp need to take over remaining minority bjland stake and delist first from bursa before it can list into Singapore exchange for higher valuation. The taking over minority stake 16% bjland only need about RM 300m if based on cash offer 38sen.

http://www.theedgemarkets.com/article/berjaya-land-inks-second-agreement-four-seasons-hotels-and-resort

Add more at 39sen

bought symlife at 38.5sen

bought Tguan at 2.29-2.30

bought MNRB at 1.07

Add more bjland at 27.5sen

http://www.sapuraenergy.com/press_release/sapura-energy-omv-close-agreement-form-ep-strategic-partnership/

Long-Term Incentive Plan have total 30% issue share allocation, to be divided into share option (15%) and share grant (15%).

1. Share option is alike ESOS, eligible director and employee need to subscribe and subscribe fund go back to company.

2. Share grant (Restricted Share Plan (7.5%) and performance plan(7.5%) are both FREE, award free to eligible employee and director. These free share are issue at fully paid up at expense COST to company.

it is arbitrary gain for penta as now penta have cash to buy bjland open market, but bjcorp lack of fund, bjcorp need to wait for kyoto four season fund worth RM 1.53 billion cash to return back.

penta reserve its balance stake for higher selling price when bjcorp received cash monetized its 50% kyoto four season and initiate mandatory take over later. In the meantime, penta will gradually boost back its stake in open market after divest part of stake in exchange with bjcorp.

Bjland number of share 5000m, and only have total market capitalization RM 1.4 billion. After Bjcorp acquire penta stake and together with VT direct stake, total have 84% stake.

Therefore, minority share have 16% or about 700m share. If VT offer take over 50sen, bjcorp only need to RM 350m cash to take over

once bjcorp monetize its 50% stake in kyoto four season for USD 750-800m, (50% stake USD 375-400m, RM 1.53 billion cash) it will have MORE than sufficient cash hoard to take initiate MANDATORY take over from minority in CASH as it only need to get additional 6% acceptance from minority to reach minimum 90% threshold to privatize bjland .

Current share weakness mainly due to force selling from undertaking investment bank in recent right issue. Given time, market will gradually absorb and turnaround ahead of Q4 result.

YTL cement, mbf, pjd, IGB, all force to delist and privatized after shareholding reach 90% threshold, trigger mandatory take over in accord to bursa listing rule.

Restricted Share Plan (“RSP”) of the Company’s Long-Term Incentive Plan (“LTIP”).

RSP - The establishment of RSP is intended to retain, recognized and incentive the eligible person to award such number of jaks share without any CASH consideration.

Jaks now award 38.709m new FREE jaks share to be listed on 8 Feb 2019. These amount of award FREE jaks share to director consist of 7.3% of jaks current share capital, such dilution and cost expense incur at expense to ordinary shareholder.

In short, upcoming Q4 result, jaks have incur cost expense loss RM 25m due to star. Next Q1 result, jals have to incur cost expense loss on 39.709 new FREE share to director. Be caution....

Currently, bjcorp lack of fund to take over bjland on CASH, Unlike many year ago, bjcorp opt to increase bjland stake in CASH, it now force to opt share swap first to increase further bjland stake.

However, once bjcorp monetize its 50% stake in kyoto four season for USD 750-800m, (50% stake USD 375-400m, RM 1.53 billion cash) it will have sufficient cash hoard to take initiate MANDATORY take over from minority in CASH as it only need to get additional 6% acceptance from minority to reach minimum 90% threshold to privatize bjland .

Bjcorp prime assets is under bjland. If without bjcorp request for bjland to divest its 50% stake in kyoto four season in 2015, bjland will profit all USD 350-400m form divestment for USD750-800m.

Now, bjcorp is lucky to have bjland 50% stake in kyoto four season now and awaiting to profit at least USD 350-400m or effectively profit USD 175m-200m based on its 50% stake

Based on penta share swap ratio, current bjland share price should at least 25% higher than bjcorp.

Aside kyoto four season, Upcoming very soon Bjland will have another massive gain from divestment in Vietnam land.

Bjland to divest kyoto four season for USD 750-800m, and expect to realize gain USD 350-400m. The deal is expect to materialize mid next month. The gain of USD 350-400m or RM 1.4 -1.6 billion will be equally share by both bjland and bjcorp based on their equity 50:50 stake in four season kyoto interest. Therefore, the expect gain per share for bjland is RM 700m-800m or about 14sen to 16sen.

Bjland will use part of the divestment from kyoto four season to develop by replicate another four season in okinawa with cost development USD 400m and GDV USD 1 billion. Based on cost and GDV, the gross profit to develop okinawa four season is about USD 600m excluding land cost. Okinawa four season is wholly 100% own by bjland, therefore, the profit will wholly benefit bjland.

It is imperative for bjcorp to take over bjland as soon possible after further increase bjland stake from penta investment and together with VT direct stake in bjland, all in, VT will able to control about 84% in total bjland.

VT need another 6% stake to reach 90% minimum threshold to mandatory take over bjland, the case fairly similar to previous MBF which subsequent successful take over after reach minimum threshold 90% for mandatory take over.

The take over will be in cash as bjcorp after divest 50% in kyoto four season for USD 750-800m will have sufficient CASH to take over minority stake later.

bought bjland at 27sen

:D)

sold back all mflour at 51.5sen

http://www.enanyang.my/news/20190128/%e3%80%90%e7%8b%ac%e5%ae%b6%e3%80%91%e7%8e%b0%e9%87%91%e9%9b%84%e5%8e%9a%e8%bf%9b%e5%86%9b%e6%be%b3%e9%97%a8%e6%97%a5%e6%9c%ac-%e6%9e%97%e5%9b%bd%e6%b3%b0%e8%aa%93%e5%bd%93%e4%b8%96%e7%95%8c-2/

Right issue over, fund raising successful, time to re-enter at 48sen, strong quarter result ahead.

cold eye impact

http://www.enanyang.my/news/20190127/%e6%b2%99%e5%b8%83%e6%8b%89%e8%83%bd%e6%ba%90%e9%87%8d%e6%8c%af%e9%9b%84%e9%a3%8e%e4%b8%87%e5%b9%b4%e8%88%b9/

Cold eye effect

http://www.enanyang.my/news/20190127/%e6%b2%b9%e6%b0%94%e8%82%a1%e6%8a%8a%e8%84%89%ef%bc%88%e5%ae%8c%e7%bb%93%e7%af%87%ef%bc%89-%e4%bb%8e%e8%b5%84%e6%9c%ac%e5%bc%80%e6%94%af%e8%af%95%e6%8e%a2%e6%b2%b9%e6%b0%94%e8%82%a1%e5%89%8d%e6%99%af/

Strong momentum ahead of EGM to be commence later time today

EGM today, once secure shareholder approval to divest 50% oil and gas to OMV, reap net gain RM 2.7 billion.

The whole divestment transaction will be fast track completed very soon just after 3 day EGM approval by end Jan 2019, therefore, allow the net gain will fully reflected in next Q4 result

http://www.enanyang.my/news/20190127/%e6%b2%99%e5%b8%83%e6%8b%89%e8%83%bd%e6%ba%90%e9%87%8d%e6%8c%af%e9%9b%84%e9%a3%8e%e4%b8%87%e5%b9%b4%e8%88%b9/

http://www.enanyang.my/news/20190127/%e6%b2%b9%e6%b0%94%e8%82%a1%e6%8a%8a%e8%84%89%ef%bc%88%e5%ae%8c%e7%bb%93%e7%af%87%ef%bc%89-%e4%bb%8e%e8%b5%84%e6%9c%ac%e5%bc%80%e6%94%af%e8%af%95%e6%8e%a2%e6%b2%b9%e6%b0%94%e8%82%a1%e5%89%8d%e6%99%af/

All in remaining balance capital to sapura at 31sen

sold back all Pchem at 8.70

bought back Pchem at 8.55-8.56

brent crude oil steady on recovery and

EGM coming to secure divestment 50% upstream for RM 4.1 billion and reap net gain RM 2.7 billion to be recognized in financial result next

super volume accumulation, paving way for marked up next :D)

hahahahahhahahhaa

Trend reversal goooooooooooooooooooo

:D)

sold off all jaks at 53.5-54sen

EGM coming to secure divestment 50% upstream oil production to OMV for cash RM 4.05 billion and realize net gain RM 2.7 bilion and

To undertaking for these JV company Sapura-OMV to secure RM 2.28 billion to partial repay back Sapura advance loan.

sold off all balance pchem at 8.65

bought back all jaks at 52sen

sold off balance mflour at 51sen

sold off all balance jaks-wb at 27.5sen

sold off all balance jaks at 56.5sen

sold back jaks-wb at 26.5sen

add more sapura at 30sen

sold back jaks at 51sen

:D)