simon2020

simon2020 | Joined since 2017-02-27

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Stock

2021-04-06 10:12 | Report Abuse

Don't let others distract us this is the key word...
"Business-wise, Berjaya Corp has amassed 86% in BLand. Securing the minorities’ approval to privatise the company can be difficult unless the price is right."

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2021-04-05 21:35 | Report Abuse

Just sharing some writeup by others on events concerning BJCorp in 2007/2008 since GE15 maybe just around the corner..
https://klse.i3investor.com/blogs/laulauramblings/2018-02-19-story-h1452545479-BJCORP_3395_BJLAND_4219_THE_BULLS_ARE_BACK_IN_CONTROL_In_2018_the_Year_.jsp

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2021-04-05 20:23 | Report Abuse

Some looks like dealers from investment banks like RHB & Macquirie since they issue a lot of BJCorp call warrants, if price of mother share go up too fast they may not have enough time to clear their RSS positions to minimise losses?

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2021-04-05 17:12 | Report Abuse

Profit taking well absorbed for a 2 sens gain today. Uptrend still intact as many day traders bought in again as not many sellers at current price? Let's wait for the next announcement from Jalil on Corporate Restructuring since Tsvt already stepped down as Executive Chairman.

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2021-04-05 14:30 | Report Abuse

Confirm already Tsvt resigns as Executive Chairman with immediate effect!
"Meanwhile, BCorp group chief executive officer (CEO) Abdul Jalil Abdul Rasheed, who was appointed to the board on March 16, has been mandated to transform the group into a high-performing organisation through streamlining the various group businesses to create and enhance shareholder value, optimising financial and human resources, improving synergies and efficiency as well as enhancing corporate governance and transparency, according to the statement."
https://www.theedgemarkets.com/article/vincent-tan-redesignated-berjaya-corp-nonexecutive-chairman

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2021-04-05 14:28 | Report Abuse

Confirm already Tsvt resignes as Executive Chairman with immediate effect!
"Meanwhile, BCorp group chief executive officer (CEO) Abdul Jalil Abdul Rasheed, who was appointed to the board on March 16, has been mandated to transform the group into a high-performing organisation through streamlining the various group businesses to create and enhance shareholder value, optimising financial and human resources, improving synergies and efficiency as well as enhancing corporate governance and transparency, according to the statement."
https://www.theedgemarkets.com/article/vincent-tan-redesignated-berjaya-corp-nonexecutive-chairman

Stock

2021-04-05 11:19 | Report Abuse

Very good move by Tsvt & Robin, once they are free from day to day operations can use their cables in Gov't to lobby for BJGroup? Jalil & a professional team will have a freehand to undertake the long overdue Corporate Restructuring of BJ Group into consumer verticals mentioned earlier?

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2021-04-03 21:05 | Report Abuse

Yes, Friday morning was used to flush out the weakholders & contras by Operators to build the next base. There should be more upside with open support by VT & insiders.

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2021-04-03 19:14 | Report Abuse

Yes, 87% already tightly held by BJCorp & Co. Only left 13% freefloating shares held by public to collect by the Operator to privatize/delist BJLand.

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2021-04-02 10:54 | Report Abuse

Group CEO is hiring Investor Relations & Corporate Strategy to help with Corporate Exercise?
https://twitter.com/jalilword/status/1377628431165317132?s=19

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2021-04-01 18:56 | Report Abuse

Good analysis on Profit vs Asset Acquisition effect on BJCorp.
"“We will undergo a period of change slowly to ensure we are future-proofed against any external shocks. This means we need to have a balance of businesses from recurring and non-recurring income.
This means having a rethink about what we want to be and where we want to focus on. We are in a period of consolidation to sweat our assets better and enhance our value. We will not be acquiring any assets for now,” said the 69-year-old founder and executive chairman in an interview with The Star."

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2021-04-01 14:08 | Report Abuse

Yes, half the assets under BJGroup is parked in BJLand, a key component for Jalil's reorganization plan. Refer earlier write-up by others
https://klse.i3investor.com/m/blog/laulauramblings/2018-02-23-story-h1452569475-PART_2_BJLAND_COULD_BE_DUE_FOR_A_HUGH_WINDFALL_OF_2_02_BILLION_IN_2018_.jsp

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2021-04-01 10:23 | Report Abuse

Still room to move upwards. According to SimplyWallstreet analysis, BJLand's fairprice is 0.87 compared to its current price of only 0.46.
https://simplywall.st/stocks/my/consumer-services/klse-bjland/berjaya-land-berhad-shares#valuation

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2021-04-01 09:11 | Report Abuse

Share margin financing & loan leverage?

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2021-04-01 08:13 | Report Abuse

Yes privatize/delist BJLand to monetize all the assets held under BJLand? e.g.40% shares in BJToto, H.R.Owens, Icelandair Hotels, cash of RM650 million from GMOC, assets & landbank etc..
"Some of the things Jalil as Group CEO can do for Berjaya Group in the next 100 days?
Underperforming assets is a drain on earnings and cash flow, distracts management, and erodes employee, customer and shareholder confidence. Jalil can identify and quantify opportunities to unlock shareholder value by divesting and/or improving under-performing and non-core business units or assets.

#Identify and quantify opportunities (stranded, troubled, distressed)
#Markets & Competitive Review
#Capital Efficiency Assessment
#Asset Valuation
#Remediation
#Leadership
#Plan for reorganization of core assets into consumer verticals & divestiture of non core assets?"

Stock

2021-04-01 07:15 | Report Abuse

Some of the things Jalil as Group CEO can do for Berjaya Group in the next 100 days?
Underperforming assets is a drain on earnings and cash flow, distracts management, and erodes employee, customer and shareholder confidence. Jalil can identify and quantify opportunities to unlock shareholder value by divesting and/or improving under-performing and non-core business units or assets.

#Identify and quantify opportunities (stranded, troubled, distressed)
#Markets & Competitive Review
#Capital Efficiency Assessment
#Asset Valuation
#Remediation
#Leadership
#Plan for reorganization of core assets into consumer verticals & divestiture of non core assets?

Stock

2021-03-31 17:48 | Report Abuse

A 6 sens gain daily is good enough :)

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2021-03-31 16:56 | Report Abuse

With Penta out of the picture, there's no more unlimited seller in a cornered market with only 13% freefloat, as even the earlier 3% BJLand shares held under proxy by Penta under PCM Industrial LP has also been sold out earlier in the year.
The offers from Management will come sooner or later to address the elephant in the room before other BJ counters can advance further.

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2021-03-31 14:18 | Report Abuse

Still room to move upwards. According to SimplyWallstreet analysis, BJLand's fairprice is 0.87 compared to its current price of only 0.35.
https://simplywall.st/stocks/my/consumer-services/klse-bjland/berjaya-land-berhad-shares#valuation

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2021-03-31 10:44 | Report Abuse

BJLand up 6 sens today & still going strong. Guess must be Tsvt's way to reward his shareholders?

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2021-03-31 09:44 | Report Abuse

Looking good! RM650 million cash from GMOC received already? Add back RM155 million impairment provision total gain for next P&L should add at least RM805 million to BJ Group? First TP 50 sens?

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2021-03-31 09:39 | Report Abuse

Looking good! RM650 million cash from GMOC received already? Add back RM155 million impairment provision total gain for next P&L should add at least RM805 million to BJ Group? First TP 50 sens?

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2021-03-30 16:37 | Report Abuse

Don't miss the boat as mothershare BJCorp will break 0.40 today or tomorrow?

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2021-03-30 14:34 | Report Abuse

With Penta out of the picture, there's no more unlimited seller in a cornered market with only 13% freefloat, as even the earlier 3% BJLand shares held under proxy by Penta under PCM Industrial LP has also been sold out earlier in the year.
The offers from Management will come sooner or later to address the elephant in the room before other BJ counters can advance further.

Stock

2021-03-30 10:09 | Report Abuse

Also since BJCorp & Co. already owns 87% of BJLand it's the easiest route to unlock & monetize all its core assets to finance VT & Jalil's reorganization plan into consumer verticals for BJ Group?

Stock

2021-03-30 10:08 | Report Abuse

Also since BJCorp & Co. already owns 87% of BJLand it's the easiest route to unlock & monetize all its core assets to finance VT & Jalil's reorganization plan into consumer verticals for BJ Group?

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2021-03-30 09:57 | Report Abuse

No need for insider news...already very obvious?
"Since all the key money generating & core assets such as 4O% shares in BJToto, HR Owens, Icelandair Hotels are all parked under BJLand also the bulk of the cash of RM650 million coming back from sale of GMOC is attributed to BJLand, the only way BJCorp can have a freehand to carry out an effective reorganization of the Group into consumer verticals and unlock one of its core assets is to privatize BJLand either through a VGO cum shares swap?"

Stock

2021-03-30 09:55 | Report Abuse

No need for insider news...already very obvious?
"Since all the key money generating & core assets such as 4O% shares in BJToto, HR Owens, Icelandair Hotels are all parked under BJLand also the bulk of the cash of RM650 million coming back from sale of GMOC is attributed to BJLand, the only way BJCorp can have a freehand to carry out an effective reorganization of the Group into consumer verticals and unlock one of its core assets is to privatize BJLand either through a VGO cum shares swap?"

Stock

2021-03-29 15:51 | Report Abuse

Since all the key money generating assets such as 4O% shares in BJToto, HR Owens, Icelandair Hotels are all parked under BJLand also the bulk of the cash of RM650 million coming back from sale of GMOC is attributed to BJLand, the only way BJCorp can have a freehand to carry out an effective reorganization of the Group into consumer verticals is to privatize BJLand either through a VGO cum shares swap?

Stock

2021-03-29 14:48 | Report Abuse

Correct all the outstanding issues involving BJGroup has been solved by Tsvt. That's why Tsvt is stepping back & let the professional management under the new Group CEO formulate a plan to reorganize the Group under consumer verticals to ensure cost efficiency & better ROI on its assets to win back investor confidence with the help of New World Capital Advisors leading to a rerating of BJGroup.
https://www.theedgemarkets.com/article/berjaya-corp-partners-new-world-capital-provide-ma-advisory-services

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2021-03-28 21:31 | Report Abuse

The son failed to run the biz well that's why Tsvt come out of retirement in 2017. Now he's stepping back because Tsvt has resolved the root cause of BJGroup predicament such as the failed BVFC projects in Vietnam, Jeju Korea & Great Mall of China (GMOC). Under Tsvt money has been recovered with sale of BVFC for RM155 million to Vinhomes, compensation from Jeju Korea with RM65 million profit and finally cash of RM650 million from GMOC should be received anytime now after successful auction of Beijing SkyOcean's 70% shares in Tuopai Shede frozen by China's courts for RMB4.53 billion to Fosun. Just wait for the announcement as Fosun already paid the RMB4.53 billion on or before 15 Jan 2021 to China's court. Berjaya Group as one of Beijing SkyOcean's creditors should get the cash payment of RM650 million soon.

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2021-03-27 10:34 | Report Abuse

Right! More to come " We have a wide ranging number of businesses. Jalil will be tasked with identifying core and non-core assets and clustering the group into consumer verticals, in line with our vision to become a diversified consumer group. He will spearhead IR efforts with the investment community. We need to gain back investor confidence and inject good corporate governance and demonstrate to investors that we are indeed a changed company and are undergoing a transformation phase."
https://www.thestar.com.my/business/business-news/2021/03/27/vincent-tan-passes-the-baton

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2021-03-26 17:22 | Report Abuse

Yes we ride with the elephants! slow & steady before the next announcement

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2021-03-26 12:09 | Report Abuse

TA Enterprise takeover rules desn't apply to BJLand's case since BJCorp & Co. already owns 86%, they needs to acquire another 90% of the remaining 13% shares that is 11.7%. That means BJCorp needs 86 + 11.7 = 97.7% before can delist

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2021-03-25 17:08 | Report Abuse

Profit taking well absorbed... not many sellers at current level as still below cost price..let's see what's up tomorrow

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2021-03-25 11:22 | Report Abuse

Still plenty of room to move up, as international analyst SimplyWallstreet says fair value is 43 sens that's why Jalil bought at 28 sens
https://simplywall.st/stocks/my/capital-goods/klse-bjcorp/berjaya-corporation-berhad-shares#intrinsic-value

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2021-03-24 21:47 | Report Abuse

Looking good.. now the new Group CEO also a minority shareholder of BJ group after buying 70 million shares at 28 sens each today

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2021-03-24 17:05 | Report Abuse

Mother's up, son will follow..

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2021-03-24 17:02 | Report Abuse

Strong closing...2Moro should break 30?

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2021-03-23 15:17 | Report Abuse

RM650 million cash already received? by BJGroup from sale of GMOC after successful auction of Beijing SkyOcean 70% shares in Tuopai Shede by China's court to Fosun for RMB4.53 billion?

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2021-03-23 14:12 | Report Abuse

Bullseye! With Penta out of the picture, there's no more unlimited seller in a cornered market with only 13% freefloat, as even the earlier 3% BJLand shares held under proxy by Penta under PCM Industrial LP has also been sold out earlier in the year. The offers from Management will come sooner or later to address the elephant in the room before BJ counters can advance further.

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2021-03-23 11:54 | Report Abuse

It's all tied to the 38/30 ratio for share conversion to BJCorp adopted for Penta..So the higher the BJCorp shares price the better

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2021-03-23 10:29 | Report Abuse

Tq. Sslee.
BJcorp already starting to move after Group CEO Jalil's appointment and setting up of New World Capital Advisors Malaysia, let's see what Jalil can do for BJLand?
https://www.klsescreener.com/v2/announcements/view/3326907

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2021-03-23 10:11 | Report Abuse

Tq. TSVT! With RM650 million cash coming soon plenty of bullets to play.

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2021-03-22 16:24 | Report Abuse

Reasonable gain 2day

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2021-03-22 15:03 | Report Abuse

Just take it as a blessing in disguise. With appointment of new Group CEO Jalil to look into reorganization of BJ Group & setting up of NSW Investment Group. Changes is bound to happen sooner or later with another RM650 million cash coming back anytime now to BJLand from sale of GMOC after successful China court auction of Beijing SkyOcean's 70% shares in Tuopai Sheds to Fosun for RMB4.53 billion