Luckily, I didn't buy more TA when it begins its fall from around .95.
Lets see if it could drop below 0.80, probably will add some around 0.78.

To be, the best case scenario would be OSK distributing all RHB shares to shareholders and have the rest merge with PJDev and OSK Property...

That would at least worth 2.80 - 3.00 easily

Sometimes, VT sold companies within BJCorp just to benefit himself. A clear example would be 7Eleven... BJCorp not that great to worth being called Berkshire of Malaysia, especially with VT being the major shareholder.

Though, still believe BJCorp is undervalued

because OLH has not indicated what OSK would do with its RHB shares yet? And most counters drop, 785 downs vs 90 ups?

This is what I found about BJCorp share price:

Month Low High
June 2014 0.455 0.55
July 2014 0.465 0.52
Aug 2014 0.475 0.52
Sep 2014 0.49 0.605
Oct 2014 0.505?

Greedy Tiah asking too much for TA brokerage, guess no buyer

OSK is falling because of market sentiment, its blood everywhere lah...

Also, OSK is not valued as much because OLH is not saying what he would do with the merged CIMB-RHB shares. If he were to offer statement saying all RHB shares will be distribute to all shareholders, it will rise above 2.70. Given RHB share price, OSK's investment in RHB is worth 2.35 per share already.

How much will the merged CIMB-RHB worth depends on how well the two integrate, for that, only time will tell.

I am happy with 2.70

Limit up possible only if boss say distribute all shares in rhb to osk shareholders

Calvintaneng, given VT records' of self enriching n disregard minority shareholders interests, it would be extremely hard for bjcorp to attract serious money

bought some at 0.52 myself, hope I am not catching a falling knife...

matakuda, before the US 'shares' her concern about the Lao dam, probably she should focus a little bit more of the 97+% Colorado river (was I right about the name?) water retained within US borders that assumes Mexico people has no rights to the usage... What a hypocrite

Will add back should it falls again

I am lucky to have sold my MFCB shares at 2.62

At 0.935, its neither cheap nor expensive

land and share sales' true impact is not on its NAV, but its net debt and interest savings. BJCorp's balance sheet has not been valued much of late, given market price of RM 0.545 as opposed to NAV of over RM 1.10. The total proceed from the sales should amount to RM 1 billion, reducing debt by 1/6 with interest savings equivalent to at least RM 40 million annually, or more...

I am a bit worry VT will pump his low-growth businesses at so-called 'fair price' or high-growth business at high price into BJCorp again...

calvintaneng, VT cares ONLY about himself, not his BJCorp's shareholders... Even when you buy BJCorp, its only because it has been undervalued by too much with some potential to earn when market corrects itself, not because BJCorp is growing your pot of investment.

At least, this is how I value BJCorp and VT, haha...

I have more to worry if VT asking BJCorp to 'invest' in MOL so he can SELL

?!? whats to be happy about MOL, its owned by VT not BJCorp...

speakup, the fuel hike should be welcomed, what should be cursed are corruption, use of sedition act, and inefficient government!

I see falling prices on crude oil, palm oil, soya bean, corn, iron ore, copper, coal....

I began to buy at around 0.50, averaging 0.50 as well, thought there is not much downside potential, given support, and good upside potential given improved balance sheet. If there is any concern, it would be VT shifting BJCorp's money to enrich himself, or cooking the book. Of course, lets hope the market fundamentals are not worsening

well, at least I know there is upside potential but very low downside potential, good choice giving current market sentiment

not that crap, I guess, just have to wait for circular on how Puncak will spend its 1.553 billions and how much of its assets are not considered core to Selangor water business to be handed over to Selangor state government...

once major shareholder owns more than 33%, he/she is required to make offer to buy the rest of shares that he/she doesn't own, but I think its called VGO, voluntary general offer, at this level though. Anyway, given Tiah rate of purchase, it would be donkey years before it can materialize. You might as well forget about its 'potential'.

the only way to show significant share price gain is to clean up balance sheet and pay good dividend, whether its financial gains are reflected in the book or not

albukhary and all,

from my understanding, the fixed asset should be reduced by around RM50 mils, reflecting its cost of sold portion of BJAuto. I doubt the gain is previously included in the unrealized profit column, given that its held for long term and should be recorded based on cost of investment less any impairment.

A sale proceed of RM 230 mils should then reflect an increase in profit in 1st quarter 2015 through 'financial gains on sold shares' amounting RM 180 mils. Otherwise, how could the book be balanced.

Unfortunately, I am not an accountant to truly understand exactly how BJCorp keeps its account, sigh!

cyborg, I do realize that the sale of BJAuto shares is recognized in the cash flow from investing activities. What I don't understand is why there is no recognition in the income statement given the sale?!?

so boring, nothing to do but waiting for circular on water asset disposal

If I were not wrong, the quarter report didn't recognize the financial gain from the disposal of BJAuto shares amounting to RM 180 mil. It's somehow, to my belief, included in the NA calculation, which increases 6 cents per share compared to 4th quarter FY 2014.

Any expert view on this?!?

Speechless, all listed cos must make all announcements, including financial reports first on bursamalaysia.com

Eurolious, read from bursamalaysia.com, it provides all info u need

hng33, I have some reservation on this. If Splash deal is improved, there is possibility that Puncak and others asking for better deals, given revised deal for Splash, causing the whole process be lengthened. Less risk unless the juiced up Splash deal is offered by the federal

hng33, did you delete all your previous postings?

why all previous posts from hng33 deleted?

Thanks for the update, hng33

hmm... just notice something about BJCorp

Month Lowest traded price Highest traded price
June 0.455 0.55
July 0.565 0.52
August 0.475 0.52

Any technical analyst offering ideas?

also, a major portion of its 6 over billion debt is due to the borrowing of BJLand, its subsidiary

kk123, the 100 over millions you mentioned is caused by write down on impairment, you should read quarter report in more details

If I were not wrong, the main reason BJCorp is falling after 2012 because it has purchased Cosway at a high premium and the company is not performing as anticipated after privatization.

I see at least 3 possibilities that BJCorp share price can do well (1) a sale of non-core assets that would drive up profits through reduced borrowing cost (2) Cosway begins to perform or its other subsidiaries are doing much better than previous years to cover for Cosway's lackluster performance (3) an extremely cash flow generating business venture, err..., like a casino

Fainted, thought Khalid said to offer insight into the water deal today? Now, only after eg of respective companies? Definitely fishy ... good for us, bad for selangorians

Interesting, why price drops after agreement signed?

thanks, hng33, surely hope more details will be out Monday and Puncak circular out within 2 weeks...

hng33, do you think the amount spent, both equity and liability portion, by PAAB to acquire Puncak's Selangor water asset will be announced Monday? I can't estimate how much net asset Puncak will have after the acquisition...

thanks, hng33... I thought share price will at least 3.6 today, guess I am wrong

Seems Tiah enjoys having TA Global spending money developing his personally owned land and buying up it right before completion more than your great idea.

Don't get me wrong, I also own this stock and hope it will rise, but not to the extent that a privatization rumor would excite me. I have owned this stock for more than 10 years, and I have heard him and his wife saying developing TA3&4 and Nova for years while actually dumping TA Global precious money into hotels that appreciate in asset value but not profits

do you know how much is needed for Tiah to privatize TA? Even at 1.00 per share, that's 1.71 billion market cap, Tiah would need to come up with at least RM 1.1 billion...

alas, the agreement is not even signed yet, definitely more oomph to come, probably until a circular is out where a clearer picture is offered on how much money will be distributed back to shareholders

Slowly slowly up with more good news from hng33

I once value it between 3.80 n 4.20 before start buying around 3. Now kind of hope for 1 ram dividend now