@sslee as the champion for retail investors on BLand here is our chance to ask and get answers directly from Jalil on his restructuring plans for sale BLand assets such 40.5% share in BToto & plan to resolve the 13.2% liquidity spread at BLand during his Q&A live session today at 12.45 pm at Bursa Marketplace online?
birkincollector Tmr 12.45noon jalil will speak on bursa marketplace live to talk about restructuring to retail investors.....can register for free ..then can hentam him with ur questions lol
09/07/2021 5:20 PM

KWSI7317 what's link to register, can share.
09/07/2021 5:32 PM

birkincollector mktplcfair.bursamarketplace.com
09/07/2021 5:35 PM
X
simon2020 Somebody or news reporter should ask Jalil tomorrow the following questions during his talk on Restructuring to retail investors at Bursa Marketplace:
1. How can BCorp sell BToto when BLand owns 40.05% direct controlling shares in BToto when BCorp only has 8.57% direct shares in BToto?
2' What is BCorp's plan to resolve the public share spread issue of only 13.2% at BLand?

"BLand and its unlisted subsidiaries hold a total of 539.88 million shares, representing a 40.05% equity interest, in BToto.

Meanwhile, BLand, together with its holding company Berjaya Corp Bhd and its unlisted subsidiaries, collectively hold a total of 655.4 million shares, or a 48.62% stake, in BToto.

BToto remains a subsidiary of BLand, which in turn is a subsidiary of Berjaya Corp, said BLand."
https://www.theedgemarkets.com/article/berjaya-land-disposes-berjaya-toto-shares-loss

Guess silence is always golden. Let VT & Jalil prove their sincerity to market first & not just demonstrate left-hand to righthand magic tricks?

It's good that Jalil finally pointed out in his interview with China Press that the group will combine various plans, including the sale or reduction of shares in some subsidiaries, as well as the sale of assets to raise funds and reduce debt, and it will only be made public once there is a specific progress.
The only good subsidiaries left with BJCorp is BToto & BJLand with its landbank, assets & 40% shares in BJToto. Tvst being an old Fox will not showhand too early. Privatization is not the only option, It could also be takeover of the remaining 13% BlLand minority shares ala Ancom style in exchange for a mix of cash & shares in BCorp?

I think the downtrend will continues as Hotel Resorts Enterprise has been selling down their shares in BCorp lately under Jalil's directive to cash out BCorp shares for working capital.
Btw Hotel Resorts Enterprise still has 589 million shares followed by BAssets with 337 million BCorp shares to sell?

Nothing new and many questions still not answered. Jalil himself admitted with FMCO nothing could be done until lifted and hopes things can get better for Berjaya by middle of next year?

If BCorp really doing well & have no cash flow problems, why no share buyback to support the price? Now every now & then only hears VT selling like having diarrhea?

Since Jalil has so many avenue to share his thoughts on medium such as Twitter & online, Astro Awani etc, Jalil should share with shareholders his list of actions & things necessary to support his Plan in order to generate cash & increase profitability, not only talk about reducing its mountain of debts & change management. Now we only hear of losses & debts! Should Berjaya defaults on any of its massive loans, the repercussions to shareholders will be bad!

Selling of assets is never a good thing in a depressed market, it shows bad business acumen & should only be a last resort.

kahhoeng Alas, simply sell everything and distribute accordingly, surely every share held will be more than RM 1 for both bcorp and bland shareholder

Selling of assets is never a good thing in a depressed market, it shows bad business acumen & should only be a last resort.

Jalil should follow up with an immediate list of things necessary to generate cash & increase profitability, not only talk about reducing its mountain of debts. Now we only hear of losses & debts! Should Berjaya defaults on any of its massive loans, the repercussions to shareholders will be bad!

A plan without substance won't go far unless backed by some forms of substantiative affirmative action, selling non core assets such as shares in related Berjaya companies in a depressed market is counter productive and only shows that Berjaya Group is desperate for cash survival. Jalil should follow up with an immediate list of things necessary to generate cash in order to sweat its assets & increase profitability, not only talk about reducing its mountain of debts. Now we only hear of losses & debts! Should Berjaya defaults on any of its massive loans, the repercussions to shareholders will be bad.

Well & good. Ask Nikki to assist Jalil to harvest the low hanging fruits first as suggested earlier:

Tvst being an old Fox will not showhand too early. Privatization is not the only option, It could also be takeover of the remaining 13% BlLand minority shares ala Ancom style in exchange for a mix of cash & shares in BCorp?

kahhoeng distributing all toto shares to bland shareholders as special dividend and bcorp inject other gambling business not owned by toto into toto in exchange for shares? that should be good.

kahhoeng not really lah, experts trying to gauge the impact of CEO's plan, and it's a difficult one given everything is still anything but vague... I would have expect Jalil to announce at least one concrete deal, like privatizing BLand with its listing status be transferred to a REIT comprising of BCorp buildings, malls, office buildings, etc. or sell to UMobile for backdoor listing...

Nikki Gee Key skillsets are (but not limited to):-
• Enterprise Transformation (Digital and Non-Digital)
• Change Management
• Business Process Re-engineering
• Strategy & Planning
• Research & Development
• Corporate Financial matters (M&As IPO launch, entity corporatization, etc)

lovetzy Nikki Gee joined the team. Well done! Exciting positive journey ahead!

Whatever it is since Jalil already 3 months on the job should be already on top of things, being a Pro & Veteran funds manager he should show Leadership and follow up by announcing actions on what he is going to do in the next 100 days to support the long term 3 years Strategic Plan to sustain & bolster investors confidence which seems to be lacking in Berjaya.

A plan without substance won't go far unless backed by some forms of substantiative affirmative action, selling non core assets such as shares in related Berjaya companies in a depressed market is counter productive & promoters chanting Huat Chaii all the time surely doesn't helps?

Hope Jalil & his assistant Lovetzy reads all the feedbacks for the sake of Investors relation improvements & transparency. All the best!

MAS delisted at 0.27 sens in 2017, hope Jalil learns not to repeat Idris Jala's mistakes.

I think they are selling off their non core assets including shares in other Berjaya Companies to free cash flow for survival? That's why the frequent announcement on VT indirect shares sale?

On the issue of crossholding, Berjaya companies is expected by Jalil to sell down their shares in other Berjaya companies to free cashflow for own biz operations rather than investing in related Berjaya companies. So expect more VT indirect intrest sale announcements as all Berjaya companies are facing cashflow problems under FMCO and survival is more important before any long term plan can be executed.

Who is talking about forced sale? Jalil already 3 months on the job & should be already on top of things, being a Pro & Veteran funds manager he should show Leadership and follow up by announcing actions on what's he is going to do in the next 100 days to support the long term 3 years Strategic Plan & to bolster retail investors confidence which seems to be lacking in Berjaya.

Mkttalk 100 day action sounds like forced sale situation! Give a little space for young man to deliver . Don’t think VT simply lepas tangan?

Jalil should take note of Market's reception on his 3 years Strategic Plan which good for long term but should follow up by announcing actions on what's he is going to do in the next 100 days to bolster retail investors confidence which seems to be lacking in Berjaya.

On the issue of crossholding, Berjaya companies is expected by Jalil to sell down their shares in other Berjaya companies to free cashflow for own biz operations rather than investing in related Berjaya companies. So expect more VT indirect intrest sale announcements as all Berjaya companies are facing cashflow problems under FMCO and survival is more important before any long term plan can be executed.

Looks like no Oomph today.
Interesting to note VT sold another 2.52M 5% ICULS between 15~16/6.
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD | https://www.klsescreener.com/v2/announcements/view/3378387

Since Jalil uses Twitter he should Twit on progress of his actions for implementation at Berjaya as part of installing confidence & keeping investors updated instead of twittering on unrelated area everyday since everyone is waiting.

Jalil should take note of Market's reception on his Strategic Plan which good for long term but should follow up with a shorter action plan on what's he is going to do in the next 100 days to bolster retail investors confidence which seems to be lacking in Berjaya nowadays.

Since Jalil's Strategic Plan has been discounted by Market. He needs to provide more excitement like suggested below? Otherwise how to catch fish with no baits?

I like both ideas but Tvst being an old Fox will not showhand too early. Privatization is not the only option, It could also be takeover of the remaining 13% BlLand minority shares ala Ancom style in exchange for a mix of cash & shares in BCorp?

kahhoeng distributing all toto shares to bland shareholders as special dividend and bcorp inject other gambling business not owned by toto into toto in exchange for shares? that should be good.

kahhoeng not really lah, experts trying to gauge the impact of CEO's plan, and it's a difficult one given everything is still anything but vague... I would have expect Jalil to announce at least one concrete deal, like privatizing BLand with its listing status be transferred to a REIT comprising of BCorp buildings, malls, office buildings, etc. or sell to UMobile for backdoor listing...

I don't have the list but Jalil should provide the list of 60 dormant companies to be closed for the sake of transparency & good governance. I won't be surprised if Ascort Sports, Auto Tulin, Desiran Unggul, Superior Structure, Lim Kim Hai Sales & Services, Jitumaju, Mantra Design is part of the list?
scanluver Bro, do you have the link to the list of companies?

Exactly! Jalil needs to dispel this notion to show who is in control and address the elephants in the room. He should grab the buffalo by the horns such as outline actions to be taken on minorities grouses, liquidity float at BJLand & not feign ignorance and sweeps everything under the carpet.

60 dormant companies to be closed. Just wondering what they are used for? Trading? Should expect more sales to free up cashflow with Jalil's directive.

Jalil should follow up with a shorter action plan on what's he is going to do in the next 100 days to bolster investors confidence which seems to be lacking in Berjaya.

Will keep an eye for lower price opportunities. Oh yes, on the issue of cross holding, Berjaya companies is expected by Jalil to sell down their shares in other Berjaya companies to free their cashflow for own biz extension rather than investing in related companies. So expect to see more VT indirect sales as the economy recovers.

scanluver Now that the BS restructuring plan is out, the execution stage is where the pain begins. Most companies tend to fail. You could probably buy cheaper at a later stage. All the best!
simon2020 I am already here when price dropped to 13 sens and managed to grab some due to selling by Penta & Blackrock fund in 2018 due to default on payment by Beijing SkyOcean for GMOC & Jeju Project. Also around & exited when price rose to 52 sens in March. Now if got second round opportunity to buy cheap why not? when the earlier issues affecting BCorp already resolved & we now have a Transformation Plan in place?

I am already here when price dropped to 13 sens and managed to grab some due to selling by Penta & Blackrock fund in 2018 due to default on payment by Beijing SkyOcean for GMOC & Jeju Project. Also around & exited when price rose to 52 sens in March. Now if got second round opportunity to buy cheap why not? when the earlier issues affecting BCorp already resolved & we now have a Transformation Plan in place?

scanluver You wanna sit around to find out? :D

simon2020 How low will it go?. Is there opportunity to buy at CEO's purchase price? Anyway selling pressure is not that great today.

How low will it go?. Is there opportunity to buy at CEO's purchase price? Anyway selling pressure is not that great today.

I like both ideas but Tvst being an old Fox will not showhand too early. Privatization is not the only option, It could also be takeover of the remaining 13% BlLand minority shares ala Ancom style in exchange for a mix of cash & shares in BCorp?

kahhoeng distributing all toto shares to bland shareholders as special dividend and bcorp inject other gambling business not owned by toto into toto in exchange for shares? that should be good.

kahhoeng not really lah, experts trying to gauge the impact of CEO's plan, and it's a difficult one given everything is still anything but vague... I would have expect Jalil to announce at least one concrete deal, like privatizing BLand with its listing status be transferred to a REIT comprising of BCorp buildings, malls, office buildings, etc. or sell to UMobile for backdoor listing...

I like both ideas but Tvst being an old Fox will not showhand too early. Privatization is not the only option, It could also be takeover of the remaining 13% BlLand minority shares ala Ancom style in exchange for a mix of cash & shares in BCorp?

kahhoeng distributing all toto shares to bland shareholders as special dividend and bcorp inject other gambling business not owned by toto into toto in exchange for shares? that should be good.

kahhoeng not really lah, experts trying to gauge the impact of CEO's plan, and it's a difficult one given everything is still anything but vague... I would have expect Jalil to announce at least one concrete deal, like privatizing BLand with its listing status be transferred to a REIT comprising of BCorp buildings, malls, office buildings, etc. or sell to UMobile for backdoor listing...

You can find more clarity on CEO's transformation plan here from theedgemarket report especially the new BCorp Organization chart. I think they still have to take full control of BJLand through some form of merger & acquisition to put effect to Jalil's operational plan which will be clearer once details comes in July. Also pls take note Bursa exemption for BLand shareholders liquidity float expires in September & that Tsvt acquired another 40.5 million direct shares in BJLand recently.

https://www.theedgemarkets.com/article/bcorp-unveils-threeyear-strategic-plan-streamline-business-unlock-value

You can find more clarity on CEO's transformation plan here from theedgemarket report especially the new BCorp Organization chart. I think they still have to take full control of BJLand through some form of merger & acquisition to put effect to Jalil's operational plan which will be clearer once details comes in July. Also pls take note Bursa exemption for BLand shareholders liquidity float expires in September & that Tsvt acquired another 40.5 million direct shares in BJLand recently.

https://www.theedgemarkets.com/article/bcorp-unveils-threeyear-strategic-plan-streamline-business-unlock-value

I also think so. Pricewise BCorp will move sideways until the restructuring & strategic plan is out. As long as the remaining Institutional holders don't liquidate their positions the price won't go down as much as last time when Penta & Blackrock fund sold all their shares. Just monitor the TA closely for any changes in trend?

bulldog Miz Raya Bloom

I believe VT selling is just peanuts to him and restructuring his holdings.it is normal..as a long as the market can absorb it should be ok.
He also not going to screw up the company that
he owned about 50% of the share . let's get the market decide the price.
Let see jalil performance in the driver seat.
Mana tau tiba2 jalil jadi owner bjcorp?
Sorry... just kidding

There are 5 categories of investors here...which are you?
1. Average acquisition price of 28 to 70 sens including VT.
2. Average acquisition price of 28 to 33 sens including Jalil.
3. Average acquisition price of 18 to 25 sens but exited at 40 to 50 sens, now waiting to reenter?
4. Average acquisition price of 18 sens to 25 sens but still waiting for VT/Jalil to showhand end June.
5. Those who has no position but waiting for a chance to enter at minimum price?

Read this for a more objective view.
https://simplywall.st/stocks/my/capital-goods/klse-bjcorp/berjaya-corporation-berhad-shares#valuation

For latest info on shareholders of Hotel Resorts Enterprise S/B anyone can do a CTOS check?

"Vincent holds over 1.1 billion ordinary shares (direct interest) or 22.78% of the total shares in the company (BCorp), followed by 13.23% shares in Hotel Resort Enterprise Sdn Bhd as of July 31, 2017.

Robin himself owns over 2.2 million shares or 0.05%."
https://themalaysianreserve.com/2017/11/02/business-tycoon-vincent-tan-returns-bcorps-boardroom/

The 45M BCorp shares sold via direct business transaction has nothing to do with Sompo but shares registered under Hotel Resort Enterprise a subsidiary under BCorp. So BCorp is the direct beneficiary of this sale not VT or Robin personally as only deemed interest due to the crossholding nature of Berjaya Companies. See announcement below dated 9/4 highlighted by kahhoeng already self explanatory.
*note: VT only owns only 13.23% direct shares in Hotel Resorts Enterprise while Robin has 0.05% and so listed as deemed interest not direct interest in the sale of BCorp shares
https://themalaysianreserve.com/2017/11/02/business-tycoon-vincent-tan-returns-bcorps-boardroom/

kahhoeng The 45 million BCorp shares sold are VT's personal holding if I were not wrong, nothing to do with Sompo. What joke are you guys talking about???

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3147167

2 09/04/2021 45,000,000 Disposed Deemed Interest

Name of registered holder Hotel Resort Enterprise Sdn Bhd

Looking at the above report released on 16/4 another 3.669M BJLand shares registered in the name of Berjaya Sompo Insurance (70% subsidiary of Sompo Japan & only 30% associate company owned by Berjaya Capital) was sold in open market on 14/4. The rest of the list are only repetitions of the same sale as deemed interest due to the crossholding nature of Berjaya Companies. I believe BJCorp is in the process of divesting non core assets such as its 30% stake in associate company Berjaya Sompo Insurance as part of the restructuring process?

I see that Berjaya Sompo held 0.8% shares of BJLand as of 12/4 down 6.13% wherease Tsvt has quietly increased his stake to 2.07% in BJLand an increase of 5.71% as of 12/4. Refer Simply Wall street link provided by @sailang_now. Thks

I think VT & company is selling both BJLand & BJCorp shares recently. Don't know what's his game plan but at the rate BJCorp is falling may catch up with BJLand soon to reach equilibrium?

I think VT is selling both BJLand & BJCorp shares recently. Don't know what's his game plan but but at the rate BJCorp is falling today may catch up with BJLand soon?

Well said. Even AirAsia a PN17 company has recovered from 50sens to RM1 today. BJCorp Is not even PN17, surely can recover & hit RM1 in due time if the above applies?

Looking at the above report released on 12/4 only 1M BJCorp shares registered in the name of Berjaya Sompo Insurance (70% subsidiary of Sompo Japan & only 30% associate company owned by Berjaya Capital) was direct sale on 9 April. The rest of the list are only repetitions of the same sale as deemed interest due to the crossholding nature of Berjaya Companies.

I noticed the same style of reporting on direct sale of 45M BJCorp shares on 9/4 which was registered under Hotel Resorts Enterprise (direct interest) as a subsidiary of BJCorp but also named VT, Robin as deemed interest due to crossholding nature of Berjaya companies.

The same style of reporting on direct sale of 55M BJCorp shares on 8/4 which was registered under Hotel Resorts Enterprise (direct interest) as a subsidiary of BJCorp but also named VT, Robin as deemed interest due to crossholding nature of Berjaya companies. Correct me if I am wrong?

Worth buy as similar average entry cost for Jalil?

Totally agree..
stockraider Very healthy correction loh!

Like raider says earlier if u had bouht buy 34 to 34.5 sen u will be sitting pretty fine loh!

Just topped up :)

Good123? Long time no see..

In order to restructure BJ Group, BJLand is the key to many things Jalil can do as many cash cows like 40% BJToto, HR Owens, Icelandaire Hotels, Investment in Japan, landbanks and also RM650 million coming back from sale of GMOC china

Many contra traders must be happy today..

Interesting wonder who is that direct buyer? 10.8 million is about 0.216% don't tell me Sompo sold to Tsvt associates so as not to worsen the 13% freefloat before any announcement?

Many new faces today with negative thoughts for what purpose?

Not so fast..According to Bursa rules, once the majority shareholder already acquires 87% officially, he must acquire at least 90% of 13% floating shares before can privatize/delist. That means must collect 87% + (90% x 13%=12%)= 99%!

How come you are here? Should remain at BJCorp & Volcano