Hng33, same reason for buying bjcorp, though at 50 cost

Hng33, how long have you held bjcorp?

fainted, up so slowly, down so quickly, sigh...

excellent, a few cents a day till 4...

Calvin, why do you keep saying BJCorp owns 7Eleven? VT has purchased 7Eleven through privatization years back...

hehe, sure would hope that happen soon... kind of boring seeing low trading volume + price level

alas, BJCorp just needs to continue share buy back on a daily basis so long as its price is below 60... probably 2 million shares a day

Assuming BJCorp buys back shares at an average 0.55 of about 400 million shares, approximately 10% of shares outstanding, should BJCorp shares rose back to 1, the 400 million shares would have returned RM 180 millions for itself, easily double its current 1 year net profit. Of course, this assumes the management believes that BJCorp worth this much. If not, good luck to us small shareholders...

haha... I have also waited till my neck is long.

move so slow

sunztzhe, my point is, since the management has suggested that result is GOOD, why don't they kick in more funds to buy back more compared to current support of only below 0.49.

sunztzhe, if the management said so, there is more reasons to AGGRESSIVELY buy back shares, at least triple or quadruple current effort

Then BJCorp just need to conduct share buy back till its 65 then... Better buy back at below 70 then to buy back above that

Its the price to pay to be developed country, just a joke, don't take seriously... worry about so many acts in our country of late...

Cyborg, BJCorp is not my only investment, its OK to carry some hope to sleep :)

Cyborg, its slightly over 100% return on capital in 8 years lah. Plus dividend,should at least offer an annual 10+% compounded return over 8 years. Should be an OK investment.If vt do right, n share rises to over 80 cents in 2 years,it would then return 30% per year. Worst, stay at this price till 2024 before any change, collect 2% dividend,haha, my worst case forecast, assuming support below. 49 from company share buyback

Of course, if vt do not value the cash, its then a different storu

There is warrant conversion deadline in early 2022, I guess worse come worse, price will be at least 1.05 by then to encourage conversion? Plus rm0.01 dividend annually, should offer return above 10%, one of the reasons I bought this co.

hng33, thanks for the clarification

Yes, gamblers run banks, and all the time, its risk versus return

BJCorp should consider selling all Cosway stores in Malaysia to 7Eleven through share swap. To 7Eleven, the purchase will enhance its base and lower merchandise cost through economy of scale. To BJCorp, getting back to chance to have a say in 7Eleven...

With the total liabilities of 2.819 billions, that would assume Puncak's other businesses carries no debt or other kind of liabilities, phew!

hng33, if I were not wrong, current offer for Puncak is 6.155 billions, with equity portion of it valued at 1.553 billions, right? That would assume the debt portion at 3.336 billions. Though, a recent relook at Puncak recent quarter report, it has only total liability of 2.819 billions. So, where does the difference of 517 millions go?

calvin, BJCorp price is rather well supported below 0.49 much to share buy back. Unless share buy back is seen above 0.50, there won't be much hope until we see improvements in BJCorp businesses.

jyou, I do not know much about calvin's action in ifcamsc. Though, for one to have an impact in a particular stock, whether to benefit on the rise or gain on the drop, I suppose he/she must be willing to throw a few percentage of ownership/shorting of that particular company. My suggestion would be to avoid small cap companies that has market cap or tangible book value of less than RM 500 mils. If your interests is in small cap, then you really must read the company's report carefully and learn about the industry it's in to make sure that the growth is sustainable to support the PE or PEG ratios. Otherwise, you may want to make sure that the company has been distributing dividends consistently, given some companies' market cap are small by nature of business (I mean the industry is relatively small or with not much growth potential but lucrative nonetheless to deserve a listing status).

jyou, don't get upset by calvin. Before investing, you should read news and financial reports of the company despite what was said by him, or anyone trying to 'lure' you to invest. Then, your decision to invest will purely rest on your knowledge and understanding of the stock.

I have waiting til my neck is long... sigh, why so slow?

tt101, your 500k interests saved should be divided by four, given that its a quarter report, rather than an annual report

sunztzhe, will take your viewpoint into consideration. Though, I suppose it would be safe so long Puncak share price is below 3.80. Current share price seems to reflect only its Selangor water business to be sold to the government. We have yet to know what asset will be returned to Puncak for not being related to Selangor water business. And, I suppose its other water businesses should carry some value, in addition to its o&g business that may result in losses or fail to secure projects in the future.

Truth is, the way I look at the o&g industry, the demand is still there, just that the growth has slowed. So long Malaysia o&g has a cost structure that's below 70, we should be safe, so is Puncak. Puncak's o&g business may no longer as lucrative, it's not running out of business. If this part of business is valued at a PE above 15, I would be worry. Given 0 valuation, I suppose its safe.

suntzhe, at current price, the o&g part of Puncak businesses is basically priced at 0, hmm..., assuming I am right about its asset value and quality. Though, unless Puncak board is speeding up the water deal and clearly states how the cash from deal be spent, doubt there will much price swing (up, hopefully).

well, we have to judge for ourselves if what was said has merit.

Probably all await the land sale in selangor n property project sale in china?

Hmm... sunztzhe, care to share? All I know the two biggest shareholders own between 50 - 52%, with lth buying up the most of late. Proceed from water asset sale should amount to 3.00-3.30 per share. Net cash per share after sale is not clear, probably between 3.00 - 3.50. Most analyst reports suggested between 0.25 - 0.60 dividend,i m hoping for 1.00 - 1.50, too ambitious?

haha... you better be wrong, been waiting for this moment for quite some time

hng33, mbge7clt, thanks.

Alas, we have yet to wait for Puncak offer details of the deal and how it would utilize the 1.553 billions. Money, money, money, I see money.

They should have paid better dividend, hmm..., at least RM 0.25?

http://www.bursamalaysia.com/mar ... nouncements/1772977

Type of transaction Date of change No of securities Price Transacted (RM)
Acquired 14/10/2014 215,500
Acquired 15/10/2014 500,000
Acquired 16/10/2014 500,000

Circumstances by reason of which change has occurred Purchase of shares
Nature of interest Direct
Direct (units) 40,333,700
Direct (%) 9.76
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 40,333,700
Date of notice 20/10/2014

LTH not hardworking enough? Hope to see RM 4 soon

real disappointed with today's share buy back, only 2 millions, kind of hoping at least 5 millions shares

i'm waiting for .65 - .80, too ambitious? and sure don't mind 1.00

seems like the fed is trying to hide the details of Langat 2, wonder who is benefitted from this?

better than me, sold all at 0.825

sold all my puncak for wa already, not really attractive if you look at the spread of its warrant... buy only at 2.16, sell at 2.10

Thought I will be sheltered in bad time due to sale of water asset, guess not

hng33, thanks for clarification.

hng33, doubt Puncak will accept anything less given a higher offer has been given. And if a new offer is to be tabled, the whole water issue can only be dragged on further, which doesn't suit either BN or PR. If Gamuda's deal were to be accepted, I suppose current offer for Puncak water asset will be use as benchmark.

Of course, this holds true unless you know something more than what's presented so far.

I was wondering how hasn't anything been announced yet, it is earlier mentioned a deal will be concluded and shareholders approval will be sought at the latest at the end of September.

hng33, welcome back

initially thought to buy back at 0.78, luckily didn't act

Lucky to have sold my osk @ 2.15, but bought hwang cap @ 1.90, also suffer, just slightly less

Guess unless buyback volume is increased, price may fall further. Feel bad having to buy more with every fall, but no choice

I mean puncak @ 3.14