Start rising again

sparroking, call cimb credit cards, they will offer you 3 years annualized personal loan of around 5-6%. But you can get at cheaper cost if you use margin for trading stocks...

hng33, thanks. Just hope they sign the definitive agreement soon.

BJCorp financing cost for FY2014 and FY 2013 are 344 mil and 316 mil respectively. So long that its paring down debt by selling non-core assets, the reduced debt itself would have contributed tremendously towards its profits, which are -166 mil and 74 mil for FY 2014 and FY2013.

For every 1 billion in cash raised, there is a cost saving of 55 mil (at least) and so far it has sold over 1 billion of asset.

Calvin, at this discount level, so long as BJCorp takes drastic action to sell unyielding asset to raise cash and improve profit margin of those core businesses, it's still worthy investment, probably worth at least RM 1.00 per share.

Its fair to say that you dare to differ, just not blind or deft. Otherwise, given my exposure to BJCorp in my portfolio, I would not be far behind from you. And surely, I don't want to be called blind or deft. Stubborn, guess its needed if you were to invest...

calvin, to me, BJCorp is valuable only if its selling asset to raise cash. It has too much debt, and even if its assets are undervalued, they are either not yielding much or VT is too good at cooking the book to hide the profits. Look at its profits for the past few years, only three words to describe, bad, poor, miserable.

don't get upset with my words, I own this stock too...

well, at least Puncak is rising while LTH is buying, should be good enough until a definitive agreement is signed and Puncak circular out

LTH purchases more:

Acquired 28/08/2014 1,020,900
Acquired 29/08/2014 865,200
Acquired 02/09/2014 246,300
Acquired 03/09/2014 1,175,000

the last time MOA signed, share price rises to 3.70+, anyway, just got to wait for the best to come...

shouldn't the share price rise if definitive agreement to be signed today?

yes, indeed, so glad that Puncak finally moves...

its 承您贵言，not ‘成’ lah

think research house will wait for the accumulation phase completed before calling buy

finally, starting to accumulate again

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1730593

Type of transaction Date of change No of securities Price Transacted (RM)
Acquired 03/09/2014 200,000 0.928

I am hoping for 4.20 by the time the deal is signed, too bullish?

hng33, excellent news

thanks, will read that again, guess not paying enough attention...

calvin, how do you know its 'osk johor'? very interesting

Hi, any of you attending AGM on Sep 18? Could you ask why the dividend is lowered to less than 40% of net profit?

I like it when BJCorp says sell this, sell that; hate it when otherwise
I see potential dividend when BJCorp sells, prolong holding period when BJCorp buys

Najib is in a good hand at using the water issue to counter Anwar...
Wonder what would Anwar after his wife becomes the MB? A drama series after this nonsense, selfish act of politicians, Malaysian Card of House?

prefer selling from buying to reduce debt to equity ratio

hmm... probably LTH is not the wealthy god father here in Puncak, but the fed and Selangor state are while LTH is the favored son getting extra info?!? Hopefully, what I just said is not seditious in the fed's eyes...

hmm... VT got tooo ambitious over how much he can achieve over his limited fund and now have to sell?

I have initially thought BJCorp's debt could be reduced with the sale of shares and land, now with the increased shareholding in BJland, I am not so sure, sigh!

hopefully we are not those buying at high prices and can't stand anymore, starting to complain, shout, and curse in the next few months...
:)

how much I wish good news will be announced Tuesday, as a gift of Merdeka day?

div not significant lah...

joking, don't take it seriously

calvin, if she is buying a lot, then yes, its a sign of believing in the co's future... Otherwise, it may not mean much. She has to report on her holding in BJCorp's shares, but not others, so there is no other ways to know if she is buying any other co's shares.
I myself bought in some more at .505 and .51, so surely I would appreciate if Bjcorp flies. Its just that Zyrainah's move is not significant enough. I bought in merely because the late assets and shares sales were not reflected in its share price...

alas, whats 3 million shares worth? Its not even RM2 million, he could have made it through salary in less than 2 years

Hmm... just saw an announcement that Tiah is intended to trade TA during closed period, some consolation?

Tiah is busy selling his asset to TAGB, no time to take care of us... TA drops probably due to TAGB purchase of Tiah's 50% stake in Canada hotel, or am I wrong?

Excellent 1st quarter result of over 42 mil profit, 19.8 cents per share

quarter report will be out the latest Friday, we shall know...

Fainted, now really big joke!

hng33, excellent news on the definitive agreement, cheers!

hng33, the Zhou you depicted is based on 三国演义, its a storybook and not history... even if its true, 提防刘备has turned out to be right, 荆州有借无还 till a plot in the future that got 关羽 killed and the relationship between 吴 and 蜀 turned bad...
Anyway, we should be more concerned about Puncak development instead of discussing the history and its relevance to current PR's MB issue...

Bought some @ .505 and .51 this morning, hope its not a wrong move

Haha... how price can rise when so many want out

Hmm... guess you misunderstood my question. From what I know, in history, zhou had never failed to offer the best advice in protecting the boss's territory...so, can't see any resemblance

“周瑜”般的人，虽然对孙权忠心，但没有向领袖提出正确的信息

Since when “周瑜” did that in history?!?

truth is, I have just started to get interested in this stock...

well, depending, when trading volume is high, the margin is reasonable and likelihood to have the deal is pretty much considered done...

forgot you have mentioned it before...

hng33, I only hope that the differences between Puncak and its warrant grows bigger so I may earn some arbitrage before any circular is out and S&P signed...

hng33, think you have missed out the more important news here:

http://www.theedgemalaysia.com/business-news/304589-khalid-hoa-signed-with-federal-govt-still-valid-after-his-resignation-.html

HOA between state and federal over water consolidation exercise in Selangor remains valid after his resignation...

think anwar has gone crazy from years in prison, sigh...

Yeo, BJCorp results were actually alright until the last quarter for FY2014, guess which is why the share price has failed to show 'excitement'. With recent share sales (BJAuto and TCMLife) and land sales, BJCorp is expected to show 300 mil profits and an additional 1 billion cash flow. Unless there are more negative surprises, including sudden write down through impairment, BJCorp should be doing alright FY2015. My guess... sure would appreciate any finding from others.

calvintaneng, that's the reason I bought into Bjcorp after avoiding VT shares for so many years... Wondering why hasn't share price reflected the recent corporate events, from selling portion of BJAuto, TCMLife, to selling plantation land to bring in over 1 billion of cash?!?

while waiting for the water deal, I have been making some pocket money selling Puncak and exercising WB. Completed once, enjoying a 2.7 cents per share difference, but margin is narrowing, sigh...

hng33, LTH sold some Puncak before, so no idea what's behind the whole exercise... though, addition is a sign of approval to current progress, I guess...