freetospeak, BJLand drops lately has mainly due to China's party failed to make a last payment on the sold property project...

hippo sells everything and borrows with whatever he/she has to buy BJCorp, according to him/her...

Guess if no news today, and ED by Monday, its just some siok siok trade?

hmm... would be great if to privatize BJLand at 0.40 per share, can at least liquidate my extremely short-term investment in BJLand. Then, follow by 'HUGE' court compensation on Jeju project, driving up BJCorp to 1.00 per share...

Oops, its just a dream!

damn... hope its not an ED problem...

don't know, but regretted buying bjland at 0.285 when I should have bought more bjcorp at 0.315, sigh!

hmm... bjcorp and bjland suddenly go up together?!? Vietnam land deal to be announced?

hmm... bjcorp and bjland suddenly go up together?!? Vietnam land deal to be announced?

err... how come bjcorp can keep acquiring BJLand when its holding on BJLand already crosses 72% yet doesn't trigger any mandatory offer to acquire the rest? Any can help? Thanks.

err... how come bjcorp can keep acquiring BJLand when its holding on BJLand already crosses 72% yet doesn't trigger any mandatory offer to acquire the rest? Any can help? Thanks.

joetay, was told BJCorp will take a cut on the sales, is that a bad model?

err... i was kind of hoping VT will grow Vietnam Toto business, address Cosway issues and make it profitable again, and selling off big but yet to go big overseas property projects, and start giving dividends, starting from 0.02 per share (less than RM 100 million a year) to 0.05 per share (less than 250 million a year) and occasional special dividend when some of its subsidiaries are sold at good profit.

PROPOSED DISPOSAL OF THE ENTIRE 85% STAKE IN DSG HOLDINGS LIMITED

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5715189

BCorporation will be disposing its entire investment of 85% equity interest comprising 8.50 million DSG shares for a cash consideration of RMB431.80 million (equivalent to about RM265.99 million) (“Proposed Disposal”).

The Proposed Disposal is not expected to have any material effect on the consolidated earnings and NA of BCorporation for the current financial year ending 30 April 2018. However, the Proposed Disposal is expected to result in a pre-tax gain of about RM108.29 million at the BCorporation Group

roger123, I said "probably" will, "depending" on coming quarter report.

rogers123, thanks for your advice, will take into consideration. I haven't bought a share since below 0.70. Depending on how the next quarter report is presented, probably will add some to average down if still below 0.55.

angiess, I guess the only reason for keeping the shares is its too cheap to sell, sigh! I'm clueless on how to value the company and can't place a value on it now.

rMoi, there isn't much left about both deals! The rest of the money is needed for plantation and construction. Plantation land without palm trees are useless and construction project can't be carried out without money...

Hopefully VT will offer at least 0.02 per share dividend this year to compensate for last year's missed dividend...

Indeed, an excellent quarterly result, RM 103 million losses on RM 14 million revenue!

Never been so proud of Securities Commission of Malaysia and board of directors & management team of Puncak Niaga.

rMoi, doubt Puncak has much cash left to acquire any other businesses

err.... he will do whatever fit him best, whether a higher priced stock or a crazily undervalued company... a fair valued stock price is what minorities like you and I hope to achieve, but not necessarily his...

err.... do you think VT care about his legacy more than accumulating more wealth for himself?

paperplane, during the last AGM, I have asked the question to VT's son, was told will take roughly three years to breakeven.

Genuinely hope that BJCorp will cross 0.47, best if trading between 0.50 and 0.60 within the next few months...

VT acquiring another 2 million shares

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5695325

14 Feb 2018 2,000,000 Acquired Deemed Interest

chonghai, I don't like the TRIPLC deal, so I voted against it. If you don't like the deal, you should vote against it. If you vote for it, that could only mean you like it. Anyway, clearly, there's nothing minorities can do to reverse it now.,, Sigh!

angiess, did you attend the EGM?

actually, a strengthening RM, while offer BJCorp a savings opportunity from smaller size equivalent RM debt, would result in BJCorp's net asset per share to drop. BJCorp is having a net foreign asset, so a strengthening RM will reduce its overseas net worth in RM.

Haha... got a point, how come VT buying so many shares already, yet it's still trading at .32?!?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5691509

Roughly 63 millions shares voted, with 2.4 million NO shares and 60.8 million YES shares. Sigh! So little NO shares...

second round coming?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5691865

09/02/2018 3,000,000 Acquired

syndicates, I am not going to attend the EGM, I have only sent in my NO vote.

OTHERS PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY") CHANGE OF NAME OF WHOLLY-OWNED DORMANT SUBSIDIARY, ANUGERAH PRASARANA SDN BHD TO PUNCAK COMMUNICATION SDN BHD

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5690221

Err... a possible venture into communication?!? Tired of Rozali but can't do a thing but to wait, sigh!

I read from Edge Weekly today, Ritz-Carlton Residences is an almost 1.3 billion GDV project with 50% sold so far. That would mean approximately sales of approximately 600 million will be recorded this coming and next quarter report, assuming that none is recorded last quarterly reporting.

The recovery of Cosway is currently unknown unless you are a big distributor of Cosway and has some insider knowledge about its turnaround.

The rests are simply hard to predict and can be ignored. I am concerned if the over 1 billion assets held for sale will be transacted within the next 3 months and if its cook by BJCorp. Sigh! So hard to analyse...

What's more, BJCorp has already landed on a good project in Vietnam, i.e., Vietnam Toto. BJCorp just need to focus on this while trying to resuscitate Cosway into a profit generator. Any new deal is like its Wendy's, Jollibean, Borders, Papa John's, etc., looks good, sounds good, but not offering minorities much except sales figure.

Bullwinds, in my opinion, asset disposal is important to unlock BJCorp's value. Currently, BJCorp is spending almost 400 million annually on interest expenses by holding assets not yielding income. Selling sufficient assets will lighten BJCorp debt that would directly improve BJCorp's profitability. Every 100 million of interests saved is a 100 million profit. Furthermore, without selling assets to lighten its debt to allow future expansion, BJCorp would have to issue more new shares, which would be bad for minorities.

eddysurge, thanks... I'm just putting my thoughts here, but guess my investment over the past few years is anything but failure...

sigh, guess there's no rescue in place until BJCorp announces the asset disposals...

waiting, waiting, waiting, when will the announcements on the over 1 billion asset awaiting disposal be made? Hopefully BJCorp will raise over 1.5 billion from these disposal.

laulau, its reported in the quarter report.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5650097

On its balance sheet, BJCorp listed RM 1,053,563,000 as non-current assets classified as held for disposal and RM 230,826,000 as liabilities directly associated with disposal group classified as held for sale

Based on BJLand's latest quarter report, half of BJCorp's assets classified as held for disposal is attributed to BJLand intention to dispose its Vietnam property project.

The remaining half has been classified as held for disposal on its balance sheet since 1QFY18 quarter report announced on July 31, 2017. I asked VT's son in the AGM but he said can't disclose until announced...

waiting, waiting, waiting, when will the announcements on the over 1 billion asset awaiting disposal be made? Hopefully BJCorp will raise over 1.5 billion from these disposal.

err... BJCorp by right should have four legs of cash flow generators. (1) Toto and other gaming businesses in Philippine and Vietnam (2) Cosway (3) Property development and investment (4) Other investments (to me, that's a real complex one, haha...) OR three legs by excluding (4) ?!?

(1) is doing OK with further opportunities in Vietnam
(2) is in a bad shape right now
(3) is slowly recovering after disposal of China project, on-the-way disposal of Vietnam project, in court case Jeju project, and completed Ritz-Carlton Residences in KL and Four Seasons in Japan. Others are of small scales if I were not wrong.
(4) I'm clueless, but quite some of them are either sold or in the process of being sold (yet to be announced under BJCorp is an almost 500 million net asset)

Hopefully coming quarterly report will show good profit from the sale of Ritz-Carlton Residences and recovering Cosway operation... Best yet, some announcements at huge profit on the disposal of net asset held for sale of 835 million (1035 million asset - 230 million debt.)

Based on the latest quarter report, BJCorp has a net asset held for sale of 835 million (1035 million asset - 230 million debt.) In addition, the sold China project awaiting last repayment is approximately 580 million. On top of that, Ritz-Carlton Residences gross development value is 1100 million and is handed over to buyers end of Dec 2017 (50% sold?) These together shall bring in at least RM 2 billion, slightly less than half of BJCorp net debt of approximately RM 4.2 billion. I suppose the impact of a higher than anticipated 10 year US treasury bond that caused the tumbling US market last Friday should not be much.

waiting, waiting, waiting, when will the details on the over 1 billion asset disposal be announced?!?

额 娃哈哈?

Rozali and his family will not be able to vote. I suspect LTH has agreed to vote YES. It would be difficult to challenge Rozali now. Though, it would be a shame if we didn't vote NO. Hopefully, we minorities have sufficient NO shares to show SC how angry we are!

angiess, you will need to call broker for help. If you receive the proposal from Puncak, there's a section at the end seeking your vote. I hold my shares in margin account, just need to sign a form by my broker and they'll handle it from there

I'll most likely not attending the EGM, I'll vote NO though on the TRIPLC deal and have my vote sent in

0.01 per share dividend won't even cost more than RM 50 million, 1/8 of the cost of financing. Don't you think its weird that dividend is cut?

err... unless BJCorp announces some good news before CNY, doubt it can move much. I'm aiming the coming quarter report to be profitable due to completion of Ritz-Carlton Residences follows by announcements of the over 1 billion assets awaiting disposal, hopefully I'm right.

rMoi, I won't buy anymore unless price drop to 0.55 - 0.60 range, but only to lower my cost of holding... Meanwhile, I will vote NO to the deal.

rMoi, buy? You sure boh?