Bravo! Keep it up! Sedikit2, Lama2 Jadi Bukit..if everyday buyback 0.15%, by end May should reach 10% shares buyback mandate for shares cancellation & swap?

Yup! Keep up the good work! Sedikit2, Lama2 jadi Bukit! Already buyback 4% only 6% more to go before cancellation & shares swap?
Btw VT is very generous lately with shares buyback for Berjaya group shares and even waived rent for all Tenants of Berjaya Times Square during MCO period. More cash from Jeju Compensation & GMOC arbitration coming soon?
https://www.edgeprop.my/content/1671133/berjaya-times-square-waive-rent-all-tenants-march-18-till-april-14

Looking good! Many sellers at 20 sens...how low could it go?

Parity for shares swap sooner or later? The exchange ratio is getting closer to Penta's deal..btw BJ Group needs all the cash it can lay its hands on to weather uncertain times during this Pandemic...

Do look at the Gamechanger ATM...RM26 million spend on buying 7-11 & BJFood shares when cheap is an investment. These investment in shares of essential services which are still allowed to operate and making money during MCO when other bizs are closed can be monetized with a profit anytime when the share market recovers. All people with finance & investment background should realize this...

Recap on the news...The End is near?

https://www.theedgemarkets.com/article/berjaya-corp-confirms-new-hotel-apartment-project-greenland

Looking good...already 3.75% shares buyback. Now left another 6.25% to reach 10% mandate before shares swap?

Yup! Win-win for all.

Correction:

There''s about 14% BJLand shares left in open market not held by VT & BJCorp (since already jointly controls 86%)

Since there are 5 Billion BJLand issued, 14% equals 700 million shares and not 1.2 Billion shares or 24% left in open market. If BJCorp buys back 10% or 521 million shares and cancels them. Then reissues 521 million BJCorp shares in shares swap with remaining BJLand Shareholders, BJCorp only needs pay cash for remaking 179 million shares for the diffence.

kahhoeng wantanmi, BJCorp issued approximately 200 million shares when exchanging Penta's BJLand holding. There are currently another 1.2 billion BJLand shares not held by BJCorp. If Penta's exchange ratio is the minimum reference exchange ratio, BJCorp will need to issue another 1.5 billion BJCorp shares. Buying back 10% of BJCorp shares is only 521 million shares. BJCorp buying back speed is very slow, doubt it's really into buying back shares to avoid dilution if its inclined to privatize BJLand...

Once buyback 10% of BJCorp shares cancel them then reissue again to BJLand shareholders through a share swap plus some cash since their floating shares left also round 10%?

.

Shopping mall industry could lose over RM750m during MCO.

BJAssets owns Berjaya Megamalls right? Just wondering how many millions lost already due to shops closures?

https://www.theedgemarkets.com/article/shopping-mall-industry-could-lose-over-rm750m-during-mco

Shopping mall industry could lose over RM750m during MCO.

BJAssets owns Berjaya Megamalls right? Just wondering how many millions lost already due to shops closures?

https://www.theedgemarkets.com/article/shopping-mall-industry-could-lose-over-rm750m-during-mco

Yup! With BJCorp continuously buying...Accumulate Sikit2..Lama2 Jadi Bukit..

Very interesting...BJCorp's shareholding in BJLand already 73.363 + 4.295 = 77.658%?

Direct (%) 4.295
Indirect/deemed interest (units) 3,660,374,996
Indirect/deemed interest (%) 73.363
Total no of securities after change 3,874,674,996

Yup! Looks like keeping the shares swap ratio intact...

In a sea of red is Jeju coming?

https://sisawasoseol.tistory.com/m/570

Good! looks like Boss is listering to your suggestions to use the cash profit from FSKyoto sale for Shares Buyback :)

Yup! Still room to be lower lower & lower...

The choice is yours if got extra money...treat as 3-6 months FD since interest so low now and see how by May as we will know how much cash BJLand gets from JeJu Korea compensation & GMOC Arbitration by April?

Since BJCorp & VT gang already controls more than 85%. Chances of share swap & delisting very high if BJCorp keeps on buying...also with suspension of short selling and VT collaborators
Penta only left 0.01% or 451k shares while Dimensional Fund has 0.42% or 21 million shares there is not much free floating shares left to Buy/Sell by players.

https://ibb.co/JqWR6xg
https://ibb.co/sF56nsQ
https://ibb.co/MB90mfs
https://ibb.co/M9bzfqm
https://ibb.co/p0bSHXD
https://ibb.co/P1D6jvF
https://ibb.co/CQ1vydF
80% BJCorp
8.9% Institutions
6% Private Companies
3% General Public
2.1% Individual Insiders

Since VT & BJCorp already owns 85%, balance of 15% minority shareholders are mainly 8.9% Institutions & 3% General Public. VT personally holds 1.93% or 96.3 million shares.

Yup! Not many punters are buying this time...which is a good thing as mostly weak holders...but it's the best time for those who bought high to average down their cost for share swap/delisting exercise once the Jeju Compensation comes. .since 85% BJLand shares already in BJGroup hands & 8.9% with Institutions & 3% with hardcore retail, there are not much free floating shares left in market as short selling has been suspended by SC/Bursa

Don't worry this time, not VT & Gang is buying. It's BJCorp the holding company which has the share swap/delisting card, if they can get minority to sell at current low price. Now is the bes buying time before the Jeju Compensation comes.The good news is that Short Selling has been suspended by SC/Bursa.so Macais can't short sell anymore given 8.9% Institutional & 3% hardcore retail shareholders would not sell unless the price is right & mind you most of them are holding the shares bought at 60 sens or more?

https://www.thestar.com.my/business/business-news/2020/03/24/klci-stages-rebound-on-us-fed-pledge-halt-to-short-selling

Last chance to buy low before parity..if u know what I meant ;)

Yup! Macais already hinted earlier n Boss also agreed..

"What to worry, a share of just below 0.20. Just hold. How much money can you lose ?

...your word always sounds good to me. Thanks buddy."

Analyse BJLand shareholding below, maybe can find out who is collecting?

80% BJCorp
8.9% Institutions
6% Private Companies
3% General Public
2.1% Individual Insiders
Since VT & BJCorp already owns 85%, balance of 15% minority shareholders are mainly 8.9% Institutions & 3% General Public.

VT personally holds 1.93% or 96.3 million shares while Penta only left 0.01% or 451k shares while Dimensional Fund has 0.42% or 21 million shares. BJCorp sold 0.78% last year to bring BJ Group's shareholdings back to 85% to meet Bursa requirements for listing

https://ibb.co/JqWR6xg
https://ibb.co/sF56nsQ
https://ibb.co/MB90mfs
https://ibb.co/M9bzfqm
https://ibb.co/p0bSHXD
https://ibb.co/P1D6jvF
https://ibb.co/CQ1vydF

Yup! Share swap is a win-win for all in current situation..
Analysis of BJLand shareholding are as follows:
80% BJCorp
8.9% Institutions
6% Private Companies
3% General Public
2.1 Individual Insiders
Since VT & BJCorp already owns 85%, balance of 15% minority shareholders are mainly 8.9% Institutions & 3% General Public.

VT personally holds 1.93% or 96.3 million shares while Penta only left 0.01% or 451k shares while Dimensional Fund has 0.42% or 21 million shares. BJCorp sold 0.78% last year to bring BJ Group's shareholdings back to 85% to meet Bursa requirements for listing

https://ibb.co/JqWR6xg
https://ibb.co/sF56nsQ
https://ibb.co/MB90mfs
https://ibb.co/M9bzfqm
https://ibb.co/p0bSHXD
https://ibb.co/P1D6jvF
https://ibb.co/CQ1vydF

Solution: Request SC to suspend short selling on all Berjaya Shares to prevent abuse by VT Nominee a/cs & brokerage held shares.

"Brokerages held stocks through nominees that could be used for selling and creating a false sense of the stock’s price coming under pressure.

“Stocks that are held in nominee accounts can be sold causing the stock prices to fall. Later the short-selling traders will come in to buy the stocks. The entire process circumvents the existing rules put in place to prevent the abuse of short selling.

“Worse is they speculate false news on the particular stock through social media. It brings about a false sense of selling pressure and helps them to sell down the stock with minimal shares, ”

https://www.klsescreener.com/v2/news/view/654364

Yup! Just follow the wind :)

There are 2 separate issues to settle:
1. Seoul Central District Court postponed the due adjudication to see both of the parties can make a deal out as much as 350 billion KRW(appx. 310m US$). It was supposed to make the final conclusion on February 6th.

This is drawn out after JDC and BJR met for an agreement. Moon Daerim, the CEO of JDC made a visit to Berjaya Corporation Bhd in Malaysia last December. He is said to have met Vincent Tan, the executive chairman, and exchanged ways to figure the conflict out.

2. JDC to avoid additional lawsuits involving Berjaya and landowners.

" BJR estimated its loss on the resort project as much as over 4 trillion KRW(appx. 36 bi. US$), which may lead to additional lawsuits. To avoid it, JDC has been ceaselessly contacting landowners, Jejueconomy added.'

Yup! maybe due to short selling based on Mkt sentiments and weak holders...anyway short sellers needs to cover their latest position by Monday since Bursa already implemented Uptick Rule last Tuesday and may suspend short selling altogether at short notice..

https://www.klsescreener.com/v2/news/view/654364

Yup! Win-win for both parties..but since Berjaya already made full impairment earlier on Jeju Project...

Thus "Any agreed amount between Berjaya & JDC shall deem as 100% profit, e.g. if RM600 mil is RM600 mil profit,
If RM1 Billion settlement it will be RM1 Billion profit""

Jeju Free International City Development Centre(JDC) may have found an exit from the legal case with Berjaya Jeju Resort(BJR), Jejueconomy, a local internet newspaper, on Monday, reported.

According to the article, Seoul Central District Court postponed the due adjudication to see both of the parties can make a deal out as much as 350 billion KRW(appx. 310m US$). It was supposed to make the final conclusion on February 6th.

This is drawn out after JDC and BJR met for an agreement. Moon Daerim, the CEO of JDC made a visit to Berjaya Corporation Bhd in Malaysia last December. He is said to have met Vincent Tan, the executive chairman, and exchanged ways to figure the conflict out. They agreed to examine them to minimize the possible damages to the both organizations and will proceed more negotiations.

The weak side is that BJR estimated its loss on the resort project as much as over 4 trillion KRW(appx. 36 bi. US$), which may lead to additional lawsuits. To avoid it, JDC has been ceaselessly contacting landowners, Jejueconomy added.

https://sisawasoseol.tistory.com/m/570

The refund already used for full impairment by Berjaya earlier & the compensation is pending agreement between JDC & Berjaya. Thus "Any agreed amount shall deem as 100% profit, if RM600 mil is RM600 mil profit,
If RM1 Billion settlement it will be RM1 Billion profit"

Btw any thoughts on this?
https://www.klsescreener.com/v2/news/view/654364

Tora! Tora! Tora! Just sit tight, Stay at Home n enjoy ur Sardine Toast..Chef!

Quote:
"As retail investor, we got to sit tight and understand each move of the major share-holder.
Regret to say, VT will not act according to minority request.
He will only plan forward his final goal to merge BjLand into BjCorp.

What minority shall focus is on the closing deals of Jeju and GMOC.
These two deals will bring in full proceeds to BjLand, not to BjCorp.

Pay attention to Jeju case, as BjLand have done full impairment on the investment.
Any agreed amount shall deem as 100% profit, if RM600 mil is RM600 mil profit,
If RM1 Billion settlement it will be RM1 Billion profit."

Mine...why? Just as planned...albeit timing's not right due to Covid-19 & relisting at SGEX not conducive atm. Anyway get ready for share swap & delisting as proposed by VT earlier after sale of FSKyoto...
Btw Cash received is RM1.87 billion & profit made is RM620 million shared 50:50

Yup! Not sustainable...wait for parity soon...

It's time to take advantage of the arbitrage difference in a share swap between BJCorp/BJLand..

OceanSky We refer to below:

We refer to the announcement dated 28 February 2020 in relation to the Proposals.

On behalf of the Board, Maybank IB wishes to announce that the Disposal was completed today following the settlement of the Total Consideration by the Purchaser in cash and BKD has on even date entered into the Lease Agreement with the Trustee and the Purchaser.

This Announcement is dated 10 March 2020.

Therefore, it is sure that full payment received, as at above.

Thxs for confirming that BJLand's net debt is ONLY 700-800 million vs BJCorp's net debt should be around 1 billion. Smart money should know which is the better deal at current price

kahhoeng BJCorp debt is not as high as shown in balance sheet.

1. BJToto carries a net debt of over 700 million that's reflected into BJCorp's balance sheet.

2. BJLand also carries a net debt of over 2 billion, of which is BJToto's (BJLand's net debt would have been 1.6-1.7 billion if BJToto's excluded. If Kyoto Four Season is sold with cash transferred, and BJLand is really receiving 900 million (I have yet to see an announcement on BURSA,) BJLand's net debt is ONLY 700-800 million.

3. BJCorp's net debt is around 4.2 billion, but that includes BJToto and BJLand's. If they were excluded, BJCorp's net debt is around 1.8-1.9 billion. Should the proceed from Kyoto Four Season channeled back, BJCorp's net debt should be around 1 billion.

Question is: How much BJCorp and BJLand have received from the disposal.

Long live the King! Psst can always buy back later at a lower price...

Yup! Looks like parity between BJCorp/BJLand is sooner or later. Better makes hay while the sun shines

Why worry so much? when BJCorp balance sheet is a bigger concern...

https://simplywall.st/stocks/my/capital-goods/klse-bjcorp/berjaya-corporation-berhad-shares/news/does-berjaya-corporation-berhad-klsebjcorp-have-a-healthy-balance-sheet/

"OceanSky,
BjCorp reported Kyoto Sales of RM1.87 Billion, (it is as group level).
The Kyoto Hotel is 50:50 split between BjCorp and BjLand.
Therefore, both BjCorp and BjLand shall share the cash payment of RM935 million each.
At the end of the deal, which have been done, each party have RM210 million nett gain.

This is the beauty of Listing announcement.

As BjLand hold 50% of Kyoto Hotel, but they only classify this Kyoto Hotel as Associated Co.
The reason is back to year 2015, BjLand have run out of cash/capital to continue on the
construction of the Kyoto Hotel. They seek for help from BjCorp, to take-over 50% shares of Kyoto Hotel and finish up the Hotel in year 2017.

Therefore, all the glory named under BjCorp, however the actual fruit will be shared among them."

Yup! BJCorp needs lots of cash to stay afloat & BJLand got lots of cash and cash cow BJToto. The only way BJCorp can benefit from BJLand's cash is a share swap...talking about killing 2 birds with one stone...

There will be an arbitrage gain to be made by syndicates between BJCorp/BJLand in a share swap to realize VT's public proposal to delist BJLand in order for BJCorp to gain from BJLand's share of cash hoard from sale of FSKyoto & compensation from Berjaya Jeju project and GMOC arbitration...

Shareswap is the option for BJCorp to access BJLand's cash hoard and for BJLand shareholders to benefit from BJCorp shares buyback exercise as described above..that's why many buyers/syndicates are waiting for weak holders to sell...

1 sens already?

Yup ur right! :)

Man plans..Nature Disposes..Parity soon?

Somebody cash rich is buying...just sit back & enjoy the ride until parity is achieved for share swap?

Its good of Mgt to confirm Berjaya ship have improved greatly in their balance sheet. What it means is that the ship will not sink anytime soon. Tq