VT needs to privatize BJLand before he can list hotels in Singapore, at least that's my understanding

actually, I start buying bjland only mid of last year when it fell below 0.30. BJCorp, on the other hand, been a few years since it said it's getting the Vietlott license.

real 'monk' stock, market up, no movement, market down, no movement, sigh!

real 'monk' stock, market up, no movement, market down, no movement, sigh!

额 或者不用担心，这艏船永远都不会动？

that would be absurd, given BJCorp bought BJLand a few years back at 0.70 valuation...

Bjcorp privatizing bjland at 0.70 per share after 0.10 special dividend, think possible?

Yes, with increased crude oil price, HengYuan will benefit from re-priced inventory. It may not be good operating wise though, given that the company will have to pay more each time it replenishes crude stock. Not sure about refining margin myself though. Technically, it should be good.

It would be very difficult to privatize at 0,5+ per share when BJC had previously bought so much from VT and his friend at 0.70 per share and after VT had just announced his intention to sell Kyoto Four Season for a USD 350-400 mln profit. BJLand owns 50% of Kyoto Four Season.

frankly, don't know if BJCorp or BJLand will rise first, but having invested equally in both BJCorp and BJLand, guess I'll be able to benefit from asset disposals and VT's consolidation plan.

frankly, don't know if BJCorp or BJLand will rise first, but having invested equally in both BJCorp and BJLand, guess I'll be able to benefit from asset disposals and VT's consolidation plan.

My personal view, most likely BJLand will be privatized. If not privatized, VT will need to find buyers so that VT's group of companies holding on BJLand will be reduced to address SC concern. That's almost an impossible task. If sold at discount, VT's group of companies buying at premium will suffer. If sold at premium, current share price will need to rise quite significantly (and that would need a lot of good news.)

I'm looking at BJCorp offering 0.70 (cash or a deal similar to what's offered to VT years back) to BJLand shareholders after BJLand distribute 0.10 special dividend. Hmm... Am I asking too much?

err... as much as I wish BJCorp and BJLand will distribute more dividend, it would seem rather hard given VT's 'big plan.' Take BJLand for example, it has a net debt excluding BJToto's 700 million net debt of approximately 1.73 billion. Kyoto Four Seasons and Vietnam disposal would total roughly 2 billion before any tax. BJLand needs money to develop Sungai Besi project or Okinawa's hotel (err... possibly Tioman and Pangkor too?!?) Clueless how much it would cost BJLand to explore these projects, but won't be surprised to see billion figure. So, I would be happy to receive 0.10 for a start. And hopefully more when Sg Besi, China and Jeju project disputes bring in more cash to BJLand.

Hopefully, 0.10 per share dividend to bjcorp and bjland shareholders coming Dec...

birkincollector, it doesn't really matter who's buying or selling. At current price and uncertainties, it may not be suitable to new buyers and certainly not suitable for traders seeking short-term gain, it could still be good to those holding for value. If VT really keen to privatize BJLand, price should not be too low, given previous transaction at above 0.70 (can't remember the exact figure, its a share swap + cash + warrant deal) and VT's other companies still holding over 8% of BJLand. If VT not privatizing BJLand, can only hope for quick resolution to Jeju's court case, reclaiming back China project disposal, completion of Vietnam projects and Kyoto Four Seasons...

Any of you have done analysis on Hibiscus's profitability at various crude oil prices? Do you mind sharing? Thanks...

ivan9511 there's no need to scare the other investors. VT had mentioned will distribute dividend with the money from disposing Kyoto Four Season... BJLand owns 50% of Kyoto Four Season. If BJCorp wants to privatize BJLand or 7-11, BJCorp will need all the money he can use.

To me, except for BJLand, I won't vote for any other acquisition. It's absurd, BJCorp already too diversified and needs trimming, how on earth can he come up with the idea of buying 7-11?!? Probably that's why he's the billionaire and I can only cry foul here.

err... what I meant is, if one tries to buy just to profit from the 'big plan', probably its a wrong idea. If you were to buy and hold in hope for the plan be truly materialized, its hard to comment. If you are an investor who has been holding it for quite some time, my guess is your cost per share will definitely be much higher than current 20.5 cents. Its then crazy to sell just because you are pissed off by VT. Holding it for a few more months is not too bad after all given uncertainties.

ooh, whats more, recent VT's act is like slapping his minority shareholders on his face or his BOD slapping him. Right after VT disclosing his "big plan", the BOD is announcing that they are unaware of the "big plan" except for trying to sell Kyoto Four Seasons...

Gangnam, during the AGM last year, I raised the issue on whether BJLand will be able to collect the rest of payment from China disposal. I was told by VT's son pretty much like no issue getting the rest of the money back. During the AGM this year, I asked about the liquidity in BJLand and the huge premium BJCorp paid to acquire VT's stake, and I was told privatizing BJLand is not on table. Guess what, BJLand not receiving the batch of China disposal and VT's planning on privatizing BJLand now. The Vietnam disposal announcement saying 'significant gain' from disposal to be completed Q4 this year, guess what, nothing is announced. Only the news of disposing Kyoto Four Seasons is floated now.

Fake news is not from you per say, I'm merely pointing towards dishonesty from BJCorp and BJLand's management! You can cry wolves many times, just do not expect people to respond when after tiring of listening to crap.

You guys must be joking, money already in his pocket...

Gangnam, I'm merely writing based on what I read from annually and quarterly reports. I am holding BJCorp and BJLand shares, and surely I would like to see their share prices perform. Unfortunately, VT has way too many mismanagement coupling with poor disclosure to the shareholders. I am still holding because I believe I am a long term investor and I'm not interested at posting fake news to entice buyers so I can sell to some others,

You guys have been wrong about how much BJCorp owning BJLand...

BJCorp owns approximately 73% of BJLand. The rest, approximately 8%, is owned through VT's personal capacity or other listed companies. Its so complex that I didn't even try to dig. Though, its fair to say its VT buying through Berjaya Retail of sometimes last year, that causes VT's total ownership in BJLand to cross 80%.

BJLand's businesses are less complex than BJCorp's, primarily into gaming business and car dealership through BJToto, property development and hotel businesses. During its high, BJLand invested heavily into Japan, South Korea, China, and Vietnam. Unfortunately, Its venture into South Korea and China are not doing well while its Vietnam venture doesn't seem to be on good position too. Japan's Kyoto Four Season is a success only after BJCorp buying over 50% to complete to project. My guess, the money stuck in China and South Korea is killing BJLand's cash flow, forcing BJCorp to assist BJLand as a last resort (who knows, there could be more, given VT is famous).

Lately, BJLand has been slowly sorting out its messes. It has successfully completed Kyoto Four Season. Meanwhile, it has been able to unload China project even though it has not been able to collect the rest of the payment, approximately 560 million. On top of that, BJLand has tried to sell some of his Vietnam venture. Well, it was said the deal will be completed during the Q4 this year with significant gain. Unfortunately, we have yet to see it materialized. Finally, South Korea's Jeju project is currently in court case after failing to getting it fixed.

VT and his family shout "wolves coming" too many times already, 人格破产? Minority shareholders like us are just 殃及池鱼, sigh!

VT and his family shout "wolves coming" too many times already, 人格破产? Minority shareholders like us are just 殃及池鱼, sigh!

Kyoto Four Season is a 50% BJLand 50% BJCorp joint-venture

joetay10, land is not considered a liquid asset. BJToto has approximately 700 million net debt. Taking this debt out of BJLand balance sheet, BJLand still has approximately 1.8 billion net debt. This yet to include the proceeds from disposals of (1) Kyoto Four Season (2) Vietnam property projects and the court ruling on (1) Jeju Property project (2) Sungai Besi land swap and (3) China property project...

bjcorp owns approximately 72% of bjland. To privatize BJLand, BJCorp needs to acquire approximately 1.4 billion shares. A per share offer of 0.60, 0.80 and 1.00 respectively, BJCorp will need to spend 840 million, 1.12 billion, and 1.4 billion respectively. It would be a stretch to BJCorp balance sheet if it were to acquire 7-11 as well.

bjcorp owns approximately 72% of bjland. To privatize BJLand, BJCorp needs to acquire approximately 1.4 billion shares. A per share offer of 0.60, 0.80 and 1.00 respectively, BJCorp will need to spend 840 million, 1.12 billion, and 1.4 billion respectively. It would be a stretch to BJCorp balance sheet if it were to acquire 7-11 as well.

it will cost more to privatize 7-11 than to privatize BJLand... If VT try to privatize 7-11 first, it would pretty obvious an attempt to raise cash for himself at the expense of BJcorp minority shareholders...

i would prefer VT driving BJCorp to sustainably giving out 0.10 per share dividend every year and let share price responds accordingly

Frankly, don't like BJCorp buying 7-11 idea AT ALL! 7-11 was previously owned by BJCorp, listed only to be acquired cheaply by VT. After listing 7-11 and makes plenty, he's asking BJCorp to buy 7-11 again?!?

Will vote against this for sure... Would support a share swap for BJLand like what BJCorp has offered him 2 years ago or purely cash deal with a valuation at least equal to what's offered to him.

Will appreciate special dividend if assets are disposed though, could use some cash after holding BJCorp the past 3 years with no cash dividend...

Significant disposal or dispute (1) Jeju property project dispute (2) Malaysia Sungai Besi land swap dispute (3) China property project disposal dispute (4) Vietnam property project disposal (5) Japan Four Season.

BJLand has a net debt of approximately 1.8 billion if BJToto's debt is excluded. Wonder how much the 5 disposals/disputes will offer BJLand?

long awaited, sigh! hope this time no more fooling us minorities...

my guess, VT is confident about collecting huge compensation over failed Jeju project, thus trying to privatize BJLand before that happens. I have invested in both BJCorp and BJLand, hard to gauge which is better...

doubt VT will privatize bjland. VT needs money, not sharing money with his shareholders, unless he knew ahead the money from Jeju court case is ENORMOUS, too much not to privatize BJLand

doubt VT will privatize bjland. VT needs money, not sharing money with his shareholders, unless he knew ahead the money from Jeju court case is ENORMOUS, too much not to privatize BJLand

Yes

Damage not done Azmin Ali. It's Rozali's 'who knows what' few hundred million impairment + crazily priced plantation deal + others that investors got scared...

wonder if BJLand's management will disclose the Vietnam project disposal this month? It was mentioned it will be completed during the 4th quarter. Hope not another garbage show...

err.... surprise to see the losses (higher than what I thought it should be) but more surprises seeing Hengyuan in cash position, as if the management knows the oil price is to drop?!? Or, is it just coincidence due to plant upgrade?

guess its not a really spectacular news, worth only a day's rise...

VT telling non-buddies to back off from his shit house?

luckily, not so bad...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5976405


Deemed Interest - acquired through Berjaya Bright Sdn Bhd

Ordinary Shares

Name of Registered Holder Date of Acquisition Price per Ordinary Share (RM) No. of Ordinary Shares % of Ordinary Shares
Berjaya Bright Sdn Bhd 14.11.2018 0.270 500,000 0.0103
Berjaya Bright Sdn Bhd 15.11.2018 0.275 1,300,000 0.0267

The above shares were acquired through Berjaya Bright Sdn Bhd, a company where TSVT is deemed to have an interest.

err... VT said now too cheap to sell, but he himself or his sons and daughters is/are disposing BJCorp

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5974133
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5968617
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5963533

err... thought low crude oil price is good for refinery?!?

yes, but not 100%

Does that mean Selangor state government going to compensate Puncak?!?

http://www.theedgemarkets.com/article/azmin-ali-withdraws-counterclaim-appeal-against-puncak-niaga

KUALA LUMPUR (Nov 7): Former Selangor Menteri Besar Datuk Seri Azmin Ali has withdrawn a counterclaim against Puncak Niaga Holdings Bhd in the Court of Appeal which relates to its RM14 billion lawsuit against him and his predecessor Tan Sri Khalid Ibrahim.

“Puncak wishes to announce to the Exchange that the hearing of Datuk Seri Azmin’s appeal to the Court of Appeal against the High Court's decision in dismissing his counterclaim against Puncak that was scheduled on November 5, 2018 was vacated as Datuk Seri Azmin had withdrawn the said appeal,” the company said in a brief filing with Bursa today.

This comes after almost a year-long lawsuit which started last November when Puncak Niaga filed an RM14 billion lawsuit against Azmin -- who is now the Economic Affairs Minister -- as well as Khalid. The company claimed they had abused their powers in public office during their time as Selangor Menteri Besar by threatening to cause, or attempting to cause, the federal government to invoke the use of the Water Services Industry Act 2006 (WSIA) to force a take-over of the state’s water industry

a bit surprise LCTitan share price not responds favourably towards falling crude oil price trend today...

Err... If VT has kept any promises, it would be broken promises. While seeing value in BJCorp and BJLand, its full value can't be reflected unless VT 'appears' to be fair to investing community.