huge premarket selloff, sigh

good quarterly report, bad stock price performance, sigh... the board has to increase dividend

fainted, rise after I sold mine at 1.98/1.99

I think dividend is between 6 - 7%, given lower profits generated recently

Bought bjcorp @ .47 after selling hwang @ 1.98

how nice would it be if BJCorp sold off all of its holding in BJAuto and BJFood? That shall bring in at least 1.3 bln...

more buy back today, how much I wish it would be at least RM 2 mln instead of 2 mln shares

Date of buy back 26/11/2014
Description of shares purchased Ordinary Shares of RM1.00 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 2,000,000
Minimum price paid for each share purchased ($$) 0.470
Maximum price paid for each share purchased ($$) 0.470
Total consideration paid ($$) 943,302.00
Number of shares purchased retained in treasury (units) 2,000,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units) 182,000,000
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%) 4.2

alas, forget about anything above 1. I would be happy just to see 0.64 - 0.84 range within the next 3 - 12 months

hng33, thanks for clarification

hng33, if I were not wrong, should BJCorp has management control over BJAuto, BJCorp can still classify BJAuto as subsidiary, right? Also, even if BJAuto is to be classified as associate, the gain will not show in quarter report to be presented in December, but only the one to be presented in March, given that the disposal has just be completed, right?
thanks, your thorough work, either in Puncak or BJCorp, are really helpful

should I feel good about adding bjcorp today?

excellent announcements today, from share buy back to share placement, 650 mln

no wonder price drop, lth is selling, sigh

bought some @.465 filled within minutes, wonder why the selling pressure, MOL?

I bought @ .47 and .475, the order @ .465 has yet to be filled, bullets running low, hope it won't fall much further and start rising, sigh!

of course, assuming that VT has something to do with the darkness of molg

what does molg has to do with bjcorp except common biggest shareholder, VT? I would wish him being caught and jailed, forcing bjcorp to liquidate and give me 1.2 per share instead. dreaming, dreaming, dreaming...

I don't think pigs on earth can fly without genetically engineered. But I am sure with one thing, if it flies, you will tell me that its not pig that you saw, but a bird

A bit too little, could have bought back more

Date of buy back 24/11/2014
Description of shares purchased Ordinary Shares of RM1.00 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 218,600
Minimum price paid for each share purchased ($$) 0.475
Maximum price paid for each share purchased ($$) 0.475
Total consideration paid ($$) 104,281.67
Number of shares purchased retained in treasury (units) 218,600
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units) 168,658,400
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%) 3.9

VT is definitely famous for being ruthless and mean to shareholders, but at this price, I think its relatively safe compared to others... surely, there must be other shares that could offer better prospects. Just my personal opinion, don't thrash me

it seems to me buyback won't help much in pushing the price higher, only when the land sale or the disposal of property development project in China are sealed would we see some significant changes in BJCorp price. Hope they are done soon, I bought some call warrant of this stock and won't want them goes to nothing...

as much as I wish I can add some, I guess I have to stop to make sure my portfolio is not overconcentrated in Puncak, sigh... hng33, good thing that you have sold yours earlier

Yes, buying back @ .475 not only improve shareholders value, but confidence as well. Wish it could continue so long price is 30% below net asset value

VT is a crazy businessman good at looking for kangtao and sapu everything he wants but not to excel in a particular industry. That's how I see VT and why BJCorp has so many ups and downs...

saw that too, disappointed that there is no share buyback...

I don't know if it will drop to 0.405, but do know my average cost is almost 0.50...

Now talking. 405? Just bought @ .47

bought some at 0.47

Heavy selling...

rich, has I been less optimistic about Puncak, would have sold some around 3.6x and bought back with recent drop... I am concerned because I lost the opportunity to make some of late, sigh... Luckily, was able to sell Puncak @ 3.56 and buy Puncak-WB @ 2.49 today, kind of happy.

Hng33, I realize that the market sentiment is not good, actually kind of anticipating it a while back, which is why I hold mostly shares of companies with recently sold businesses, rich in cash or with pending sales of businesses, including Puncak, Hwang Cap, BJCorp and Oriental. Sigh...

hng33, truth is, I thought it would be at least 3.60 until the deal is completed and rises further to around 3.80 - 4.20 when special dividend is distributed

fainted, even lower than before any announcement...

I guess only when o&g price stable down, or when the coming quarter report reflecting profits in its o&g business, Puncak share price should be hard to hit more than 3.80

rich, probably hng33 is off today... no idea about asset transferred from PNSB & Syabas to PNHB, but I guess its somehow reflected in the 2.191 bln figure already.

Rich, the 2.191 bln figure is from the announcement of water asset disposal. The figure includes the gain from the asset disposal already. RM 4.47 per share has not included any potential losses in business given that it has disposed the profit generator, other assets that include construction, o&g, and other water asset in China has yet to see significant contribution. So, if Puncak incur losses in business, the per share value will drop accordingly. Though, it could be higher so long as not all sukuk holders will convert their bond to shares. I guess that's one reason why the special dividend won't be set any higher, that would only encourage more sukuk holders to convert.
I guess I am investing mid to long term, holding from a few months to a few years, depending on how I view the market and if I see any better opportunities. I try my best to only invest in companies with market cap or net asset that's at least 500 mils for a few years though.

My apology, there are 2,036,800 shares held in treasury, so the actual per share value should be higher

will we be seeing at least 0.64 in the next 2 months?

From what I know,

After proposed disposal, the shareholder equity will be RM 2,191,243,000 with 411,261,000 shares outstanding. There are 42,542,504 warrants (of which 3,986,000 has been converted). In addition, The RM 165 mils sukuk can be converted into 82.5 mils shares.

Condition / Shareholder equity / Shares outstanding / Per share value
Before any conversion / 2,191,243,000 / 411,261,000 / 5.34
After warrant conversion / 2,233,785,000 / 453,803,000 / 4.92
After sukuk conversion / 2,398,785,000 / 536,303,000 / 4.47

The above has not taken into account the distribution of RM 1.00 per share special dividend

Hng33, thanks

calvin, the NTA 1.30 per share you mentioned is actually NA. There is a lot of intangible and goodwill in BJCorp's balance sheet. Recent disposal of BJAuto and to be sold plantation land help reassure us that those intangibles and goodwill are reliable to some extent, at least that's how I view it...

tenlot, I am sorry, I didn't read as much on this site only until lately and on stocks that I am looking to learn more. I guess, just be cautious when reading and do your own facts finding while listening to what others have to say, pros and cons. Should calvin wrote a book, so long as he didn't ask us to buy compulsorily, I guess it is still OK. I do find some of calvin's posts to be exaggerated (like BJCorp's Asia Berkshire), but it happens to everyone sometimes.

tenlot2, I guess calvin hasn't asked anybody to buy his books or attend his talks yet, right? You seem harsh on your comment. Calvin introduced Mulpha to me, but I found it to be riskier based on my investment criteria and chose not to buy any. From what I see, he didn't shove it under my throat when offering me ideas.

the Loh BIG family has already controlled more than 50% of the company, despite EPF and Aberdeen's more than 20% ownership, there isn't much we can do, sigh...

this stock can only move if its to distribute its cash hoard of over 2 billions... its more than 3 per share sitting idle. Selfish major shareholders

am securities really don't know what they are talking about... advising shareholders to accumulate with a fair value of RM 3.40 when the price is already 3.45 (Nov 11 closing price when the deal is announced.) If am securities believe Puncak only has a fair value of RM 3.40, how could they have advised others to buy when price is already 3.45?!?

haha... good point

hand itchy and bought some more at 0.48 which I initially plan for at 0.47

cloudy future...

how much do you guys think Puncak will reach?