Dear ALL in this forum,
Anyone have any idea when is the coming AGM?

RM 55 billion ECRL will pass through Bentong ( Rail Station at Bentong ), and
Berjaya Corp. possess 13,737.12 acres of Leasehold land for development situated at
KM48, Persimpangan Bertingkat
Lebuhraya Karak, 28750
Bukit Tinggi, Bentong
Pahang Darul Makmur
This land was acquired during 1990-1997 at cost (net book value) RM287mil
(refer annual report 2016 pagr 237).

Hi Guys, this ECRL project scheduled to be commenced next year,
Any effect on Berjaya Corp??????

https://www.youtube.com/watch?v=mktp-oZzw34

Hi 'Leek', Thanks for your 4 points info.

Up_down & kahhoeng
Thank you for your last comments.

3,500,000 shares purchased into treasury today !!!!!!!

Cyphua
Refer page xi on the announcement "CONDITIONAL TAKE OVER OFFER"
BJCorp offer RM0.80 per share in Redtone.

Tentative timeline
Posting of this Offer Document 17 April 2015
Posting of the Independent Advice Circular 27 April 2015
First Closing date 8 May 2015

The offer is still in progress.
Offer price RM0.80 is RM0.509 higher than Redtone's NTA RM0.291
If BJCorp successful fully take over Redtone (not likely) the accounting treatment will probably
as follows:
Accounted the assets value as RM0.291 per share
the difference of RM0.509 will be accounted as Intangible assets ( Trade mark/Brand name/Royalty ).
AGAIN THE ACCOUNTING TREATMENT WILL DEPEND ON BJCorp's ACCOUNTING POLICY.

FYI, according to market news ( no confirmed figures ) those Telecommunication equipments installed by Redtone earlier is 2 to 3 time of RM0.291 per share at current market value.

Howard8888
Next week OR next month?

FYI
5. APPROVALS REQUIRED ( Proposal pg 10)
The approvals required for the Proposals are as follows:-
(i) Your approval for the Proposals;
(ii) High Court for the Proposed Share Capital Reduction;
(iii) Bursa Securities for the Proposed Share Consolidation and listing and quotation of
the Consolidated Shares on the ACE Market of Bursa Securities (which was obtained
vide Bursa Securities’ letter dated 13 February 2015); and
(iv) Any other relevant authorities/parties (if required).

8. ESTIMATED TIMEFRAME FOR COMPLETION AND TENTATIVE TIMETABLE ( Proposal pg 11)
Barring any unforeseen circumstances and subject to all required approvals being obtained,
the Board expects the Proposals to be completed by the first half of the year 2015.

The tentative timetable in relation to the implementation of the Proposals is as follows:
Lodgment of an office copy of the order of High Court in
relation to the Proposed Share Capital Reduction - Early June 2015
Listing and quotation of the Consolidated Shares - End June 2015

There are many Big players. Call warrants Issuiers always want to push down the price.

Up_Down

If 1 b gain taken into Profit & Loss Accounts,
Then must be "SAI LANG" loh, as what Mr. Calvintaneng even acquire BJ Corp by OD loan.

Up_ Down

The RM1.032billion gain story for BJAuto
(a) ) (a gain on the placement of BAuto shares on 25 November 2014 of about
RM164.17 million);
This gain is not the Normal business transactions for BJCorp. so it might not be taken into
Profit & Loss Accounts.
(b) (a gain on re-measurement of the fair value of the remaining stake of
36.74% of about RM859.82 million based on the carrying value of BAuto
as at 31 October 2014, being the latest (second) quarter financial results
released by BAuto.)
This 36.74% in BJAuto is just re-measurement as at 31/10/2014 value, it is not disposed off or realized, so should not be taken into Profit & Loss Accounts.

Where as BJ Food which had completed acquisition of the remaining 50.00% equity interest in BStarbucks not owned by BJ Food on 18/09/2014, and those Revenue and profit & other transactions in the 1st Q ended 31/07/2014( 50% not owned by BJfood)+ 2ndQ results has been re-measured accordingly and accounted in the 2ndQR ended 31/10/2014.

Accounting treatments are somehow depends on company policy. Lets wait until d coming QR.

Refer to BJ Corp. announcement dated 30/12/2014
__________________________________________________________________
(Announcement dated 30/12/2014)
DECONSOLIDATION OF BERJAYA AUTO BERHAD CONSEQUENT UPON
THE REDUCTION OF EQUITY INTEREST HELD
1. As announced on 25 November 2014, the interest of Berjaya Corporation Berhad
(“BCorporation”) in Berjaya Auto Berhad (“BAuto”) held via its wholly-owned
subsidiary, Berjaya Group Berhad (“BGroup”) has been reduced to 36.74%
following the placements of BAuto shares by BGroup.
2. The Board of Directors of BCorporation wishes to announce that following its
reduced shareholding of 36.74% in BAuto and based on the assessment pursuant
to the requirements of Financial Reporting Standards 3: Business Combinations
(“FRS 3”) to determine the status and control of BAuto, the BCorporation Group
ceased to have control of BAuto with effect from 1 December 2014.
3. Hence, in accordance to FRS 3, BAuto will be deconsolidated with effect from 1
December 2014. The deconsolidation of BAuto will result in the BCorporation
Group recognizing:-
(a) a gain on the placement of BAuto shares on 25 November 2014 of about
RM164.17 million; and
(b) a gain on re-measurement of the fair value of the remaining stake of
36.74% of about RM859.82 million based on the carrying value of BAuto
as at 31 October 2014, being the latest (second) quarter financial results
released by BAuto.
The aggregate gain will amount to approximately RM1.023 billion or 24.6 sen per
share.
This Announcement is dated 30 December 2014
_____________________________________________________________________


The accounting transaction for 1 billion gain story.
This 1.023 billion gain will not be reflected in the Income Statement / Profit & Loss Accounts in the coming QR,
It will be accounted for in the BALANCE SHEET/Statement of Financial Position Items, so it is NOT Profit of 1 billion.
The accounting treatment (simplify) for item (a) & (b) , BJCorp. Announcement will be:
Debit Cash/ Bank RM164.17m
Debit Investment 859.82m
Credit Reserve RM1,023m

This will increase the NTA by 24.6 sen per share from 1.3524 to 1.5984 per share.

Judging from the announcement of subsidiaries results, BJ Corp coming QR should be Good.

In fact it would be more excited if there is actually Big News to be announced especially during BJCorp founder’s day.

I follow this counter since two years ago, I did read up some story ( cann’t remember the details ) from this forum why share price jump from 12.5 sen to RM1.50 from June 2006 to Dec 2007, and from about 0.50 to 1.87 from Feb 2009 to Apr 2010.
Perhaps Mr.Calvintaneng or any forumer could kindly share with us if he still remember what are those GREAT NEWS trigger the price movement during the above mentioned period.
TQVM

Good Day.

Johor Casino lau sai loh !?1?

Initially it faces so many parties objections when Singapore awards the two Casino licenses.

There are still many possibilities!!!

Kikiki

hng33 & Up_down, give your thousands 'LIKE'.

CASINO !!!!!

If there is really Johor Sultan's View on Casino in Johor.

It is really a JACKPOT loh!!! Besides the 1 billion capitalization on BJAuto.

So, now i understand why BJCorp founder's day scheduled on 28/03/2015.

Last and final BUY CALL !!!!!

SHhhhhhhhhh......

First things tomorrow morning to get a Star paper loh!

Kudamuda,
I totally agreed with your statement “casino business not doing well at Macau.. SG.. with China hard hit on corruption. 12/03/2015 14:48”
Some casinos in US even closed down.
However, Genting and two casinos in Singapore their revenue are not mainly from casino operations, they have so many revenue/profit centers eg. Hotel accommodation; food and beverage ; Sport & recreation; property shop rental ; entertainment & shows ; Games etc…as a tourist sport.

Since BJ Corp. have so many assets such as Hotel & Resorts, Club & Recreation, land and building in Malaysia, Jeju Korea and even Japan. With casino license will be able to unleash the assets value with synergy effect.

Umobile is under TSVT not BJCorp. loh!

Vietnam lottery
Relisting Cosway
Casino license in Korea
Either one above happen already Jackpot loh!

Good Day.
I believe BJ Corp. has bottomed out at RM0.38
1st touches 0.38 on 15/12/2014
2nd touches 0.38 on 16/12/2014
3rd time touches 0.38 on 17/12/2014 and it did not goes lower , this usually confirms bottomed out.
(事后孔明, 哈哈哈 !)

*REFRESH*

The deconsolidation of BAuto will result in aggregate gain amounted to approximately RM1.023 billion or 24.6sen per share improvement in NTA w.e.f 1/12/2014. Will be reflected in 3QR ended 31/01/2015.

BJ Corp. currently doing the same for BJfood : disposing of share holding.
( Main purpose : Generate Cash and improve Balance Sheet ‘s NTA )

Below are likely events/ business projects in the near future:

• Vietnam lottery: already secure license, pending Vietnam authority to go ahead with the operation.
• 2nd Casino license in Malaysia : about a year ago, TSVT did mentions (in newpapers ) that if he can get the second Casino license in Malaysia, he will invest RM3 billion. With this casino license in Malaysia will facilitate the application of Casino license in Korea & Japan, Otherwise will have to partner with region Casino operators for the application of Casino license in Korea & Japan. (I do agreed with Mr.Cfoong that casino business will not be good profit as there is competition in this region ).
• Casino business in Jeju Korea. http://www.berjayaproperties.com/Jeju.php
• Japan casino license : pending Japan government to approve Casino business in Japan. By then, BJ Corp will be among the applicants for the casino license.

• New listing in Singapore exchange....landfill sanitary operator both in Msia and China. KUB- Berjaya Enviro Sdn Bhd ; (Fund rising)
• Re listing wholly own cosway. ( Fund rising)
• Bjland earning surprise!! BJCorp have boosting its stake in Bjland to 63.044% (update as at 17/2/2015) in anticipate major earning booster from Bjland, many property development earning is start kick in 2015 onward.( Pls refer annual report for detail info.)

Founder's day.
Found out from BJ Corp. 03-2149 1999 ..... the coming BJ Corp founder's day is on 28/03/2015..
that means another two weeks side-way movement (still got time for big boy to collect)???....
and great news to be announced in conjunction with the QR out latest by 31/03/2015 (QR could be out by 27/3/15)???

Mr. Calvin Tan
TQVM for your amazing findings.


Mr. Paperplane
TQVM for your analysis.
Will be highly appreciated if you could up-dated it as some % holding in subsidiaries has changed and 7-Eleven & MOLG are not in BJ Corp.

Good Day.

2nd QR will be out tomorrow.

Assumed normal business not much changes, I expect result will be better than 1st QR due to the saving in loan interest 150K & Right issues proceed of RM52m could generate about 300k interest from FD. Since the Melaka property project will only start March 2015.

Gong Xi Fatt Chai
三阳开泰迎新年
喜气洋洋纳财源
滾滾财源好过年
春节佳期庆团圓

Mr. Cfoong
When is the exact BJ founder day?
TQ

Kong Xi Fat Chai

Wahai kawan-kawan sekalian yang certik pandai
masa Sanichi sudah mahu sampai
Jerung besar setia tunggu di-tepi pantai
Ikut sahaja masa ombak turun naik
Perbualan mestilah sentiasa baik-baik
Jangan sampai nasib kita di-gadai.

Mei-mei Mei-mei erti Cantik,
Nampak $$$ itulah duit datang,
0.50 mungkin capai bila BJ Corp. founder day,
0.60 kena tunggu QR keluar akhir bulan depan.

Atuk ah atuk
U punya janji hampir betul
0.45 cepat-cepat kasi runtuk
Jangan sampai orang ketuk
Gua sudah tunggu sampai mengantuk.

時间=生命

Cyphua
Always big que at 0.05, I bought small qty at 0.055 , i think U should be able to get it at 0.05 if mother share at 0.40 or below.
Someone is accumulating since 29/12/2014.
If the issuer CIMB cannot get fully subscribe the 50mil unit at their offer, they can sell the bal.at open market. I think the main seller for the past 3 weeks is CIMB. correct me if I am wrong.

Good Day.

无奈的人生,
我本不欲生,
忽然生在世,
我本不欲死,
忽然死期至.

Cfoong,
Today closing 4 bits above your target price. Let see tomorrow 0.41 can be achieved or not.

Dear All,
Mr.CFoong, I agreed with you “Some of them here always boost BJ Con to the SKY..and only list those good points”.
I have prepared a simple SWOT analysis.
Point mostly taken from forumers’ previous comments to refresh your memory.
All are welcome to add in give comments and your finding.

STRENGTHS
(1) Well established business with top management holding about 47.83% shares as at Aug 2014.
(2) Undervalue assets accounted at cost value.(Calvintaneng)
(3) Basic net assets per share (sen) 135.24 as at 31/10/2014.
(4) Recession proof businesses - food, gaming etc

WEAKNESSES
(1) Lack of focus – too diversified.
(2) Bank borrowing increased by 0.85b 23% from 30/4/14 3.69b to 4.54b 31/10/2014.
(3) Act as an incubator of business for the advantage of the main shareholder. ( Datok’s view)
(4) Large amount of Intangible assets as at 31/10/2014 RM6.58 billion. ie 31% of total assets 21.49 billion.
(5) Valuable assets (land) are not fully unleashed.

OPPORTUNITIES
(1) New Business :
• Vietnam lottery, already secure license, but unsure about the operation yet. (hng33 26/11/14)
• couple of months ago, TSVT did mentions (in newpapers ) that if he can get the second Casino license in Malaysia, he will invest RM3 billion.(ngblg 11/12/14)
• Korea Casino business
• Japan casino license (likely awarded after Japan election is over next month in which exiting gov if win will secure fresh mandate to gov until 2018) (hng33 26/11/14)


(2) Listing of existing business :
• New listing in Singapore exchange....landfill sanitary operator both in Msia and China.
• Re listing wholly own cosway (hng33 26/11/14).

(3) Placement another subsidiary, Bjfood share to realize another massive gain. Bjcorp control 58.57% (update @1/12/14) stake in Bjfood, but control as much as 70% in Bjfood warrant, convertible at only 70sen. (hng33 26/11/14).
(4) Bjland earning surprise!! Bjcorp have boosting its stake in Bjland to 62.882% (update as at 9/1/2015) in anticipate major earning booster from Bjland, many property development earning is start kick in 2015 onward. (hng33 26/11/14).


THREATS
(1) Increase in Bank Rate – higher borrowing cost. (6 mths to 31/10/14 181m finance cost.)
(2) Lower Oil price will affect general economy in Malaysia. (Lower revenue in Crude Oil & Palm Oil)
(3) Slowdown in property market.
(4) DJI now at 17,737.37 (9/1/15) it will probably have another 10% up target 19,500. However it also can reverse down anytime due to FED Reserve proposed rate hike in near future 2015.
(5) Withdrawal of foreign fund from KLSE recently, foreign fund might have another round of sell down if crude oil price lower to USD40.(BCC:Leno)




During the 29/10/2014 AGM, Chairman Robin TYC did mentions that there are some big planning going on, TSVT will announce it at the appropriate time.


Have a good day.

Cfoong,
Your projection for next 14 trading days closing price? So, tomorrow must be the LAST CALL to Buy!!!!

Ganasai & Cfoong,
Thanks you.
I am holding mother share & WB.
The last Share Buy Back was 26/11/14 at average price 0.47
Wondering who is accumulating (buying) at current level 0.395 (0.38 - 0.41) ?
I agreed unless there is good surprise news.

哈哈...,冷眼是股师..

Cfoong,
大"智"苦愚 的"疯"癫襌师是誰?

Ganasai,
CU have the longest expires date 31/12/2015, Conversion price RM0.43 Ratio 1:1 with lowest premium 22.78%. Can Buy?

Kindly email me, TQ. nkweei@hotmail.com

TPC 7176

Mr. jtpc2006
Revaluation of investment or fixed assets will not be reflected in Income Statement.
Even sale of the plantation land in BJCorp will not be taken into Income Statement as normal business transaction. It will be treated as Abnormal transactions, will be accounted for similar as Disposal of share holding in BJAuto. Any gain / loss in Land Disposal will affect the BALANCE SHEET & CASH FLOW Items such as +/-Reserve; +Cash/ Bank Balance; -Assets, Other Debtor ( if the is outstanding ), NTA etc.
If you still not sure, please check with BJCorp’s Auditor.
Have a good day.

Director Dato' Zurainah "Cessation of deemed interest in the Company pursuant to Section 6A of the Companies Act, 1965 ("Cessation of Interest")."

No longer holding ordinary share of 2,180,950 units in BJC. wef 08/12/2014!!!!!???????????

I remember couple of months ago, TSVT did mention (in newpapers ) that if he can get the second Casino license in Malaysia, he will invest RM3.00 billion. For the past 1 year BJC is busy converting assets and disposing of partial holding in subsidiaries into Cash. Pls refer Mr.hng33 ‘s posting dated 25th & 26th Nov 2014. Those fund accumulate for the Casino project? Because of this, that is why BJC is not execute share buy back despite current share price 0.425 is at the lowest (past 7 yrs) and the average purchase price for treasury share is ~ RM0.77 ?
By now, is BJC accumulate sufficient fund of 3 billion ?
( perhaps the Authority want to see if BJC really have fund to invest in the 2nd Casino, which is failed by Law Yat Group to invest in Langkawi ~30 yrs ago).
If yes, when is BJC going to announce this Casino project?
Besides improving business conditions and many overseas projects. Among the 3c mentioned by Atuk, 2nd Casino license should have the highest impact on BJC share price.
Atuk, your "Buy Call" for BJC. Kindly advise. TQ.

QR out latest by 28/11/2014

Short term trend likely to be the same as 16/06/2011 & 27/06/2012.

Good Day to all forum member,

BJCorp paid-up share capital 4.3billion @ RM1.00 par.
Limit of share buy back by SC at 10% ie. 430million shares.
Total No. of shares Retained in Treasury as at 17/10/2014 163million shares.
Will it buy back the total eligible balance of 267million share b 4 share price moving north?
If yes, how long will it take to buy back up to 10% of capital?

Your view & advice please. TQ.