i sold down as i see it............before i buyback.........no difference in holding but trended down the cost in tandem with market........kikikikikikiki
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.
Not only that - Dato' Zurainah also ceased to have deemed interest in Redtone - both reported today!
BJ Corp released report it has increased shareholding in RedTone - maybe that's the reason why Dato' Zurainah ceased to be have interest in both companies - to avoid gossips!
I guess Dato Z is disposed off her shares in Tema Juara SB OR Pusaka Indah SB whereby at that point of time, Tema Juara SB or Pusaka Indah SB is still holding BjCorp.
2.0 Criteria for PN 17 2.1 Pursuant to paragraphs 8.04(2) of the Listing Requirements, where a listed issuer triggers any one or more of the following Prescribed Criteria it must comply with the provisions of paragraph 8.04 and this Practice Note:
(a) the shareholders’ equity of the listed issuer on a consolidated basis is 25% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer and such shareholders’ equity is less than RM40 million;
(b) receivers or managers have been appointed over the asset of the listed issuer, its subsidiary or associated company which asset accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis;
(c) a winding up of a listed issuer’s subsidiary or associated company which accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis;
(d) the auditors have expressed an adverse or disclaimer opinion in the listed issuer’s latest audited financial statements;
(e) the auditors have expressed a modified opinion with emphasis on the listed issuer’s going concern in the listed issuer’s latest audited financial statements and the shareholders’ equity of the listed issuer on a consolidated basis is 50% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer;
(f) a default in payment by a listed issuer, its major subsidiary or major associated company, as the case may be, as announced by a listed issuer pursuant to Practice Note 1 and the listed issuer is unable to provide a solvency declaration to the Exchange;
(g) the listed issuer has suspended or ceased:- (i) all of its business or its major business; or (ii) its entire or major operations, for any reasons whatsoever including, amongst others, due to or as a result of:- (aa) the cancellation, loss or non-renewal of a licence, concession or such other rights necessary to conduct its business activities; (bb) the disposal of the listed issuer's business or major business; or (cc) a court order or judgement obtained against the listed issuer prohibiting the listed issuer from conducting its major operations on grounds of infringement of copyright of products etc; or (h) the listed issuer has an insignificant business or operations.
To gauge how bad our market is, one good barometer is to look at the postings on the thread "Regain capital, Chocolate Ship passengers", where all the punters used to congregate. Not a single posting in ONE month now.
Our market is short of buyers(punters & investors) now, so it is only natural that BJ Corp will drift lower..
Highlight Berjaya Corp raises its stake in REDtone to 20.05%
BCorp remains as second largest shareholder after Indah Pusaka Sdn Bhd, which is controlled by the company’s chief executive officer Lau Pik Soon, with 30.2% shareholding.
On Tuesday, REDtone has been awarded RM88.57 million contract from Malaysian Communications and Multimedia Commission (MCMC), to build, operate and maintain radio access network (RAN) infrastructure in rural areas in Sarawak and Joho
Dato Zurainah has first bought BJ Corp Icul C Shares from 28 cents to 34 cents.
It was before MOLG Launch in USA Nasdag
The euphoria of the Launch Fizzled Out.
Then she merged her shares as one (2 BJ Iculs C equal one BJ Corp Mother Share) to qualify for the 1 cent dividend.
After that she disposed all her share holdings below 43 cents and exited. Only TSVT himself has not sold any BJ Corp Shares bought 50 cents and above. So did she go in for a short punt?
Company Share Buy backs have temporary ceased at 46 cents to 48 cents.
Instead of Adding More Share Buyback On Weakness Company has Used Funds to buy
1) BJ Toto
2) Redtone
Company has also Sold A Substantial Portion of BJ Auto Shares to realise gains
Calvin's Interpretation
1) Company thinks BJ Auto might be overvalued - so take profit.
2) Management think BJ Toto is more defensive against market downturn
3) Redtone is a telco - also recession proof
Verdict - Not bad. I give Management 70 marks
CHEERS
Note:
As there is no share buy back support BJ Corp might break the 40 cents barrier.
With Total Paid up Capital of 4 Billion Shares at 40 cents.
The Market has put A TOTAL VALUE FOR BJ CORP (Excluding Iculs & Wt)
A MERE RM1.6 BILLIONS
If we exclude debt (Assets more than enough to cover all debts)
BJ CORP'S WILL BE SELLING NOW FOR CASH VALUE ONLY
HOW THE PRICE HAS FALLEN SO ATTRACTIVELY FOR DEEP VALUE HUNTERS
Calvin The Brave Heart (Or Sor Chai No. 1). Whatever you might name him
Yes, Calvin Will Drip Drip And Average Down BJ Corp For A 10 Year Investment Horizon.
If YOU KNOW THERE IS NOTHING TO FEAR
Buy like this
40 cents - Buy 10,000 shares
35 cents - Buy 20,000 shares
30 cents - Buy 30,000 shares
25 cents - Buy 50,000 shares
20 cents - Buy 80,000 shares
15 cents - Buy 100,000 shares
10 cents (10 Cents? Yes! It was 10 cents in Year 2006 when Calvin bought)
10 Cents with 4 Billion Shares Mean Mr. Market has valued BJ Corp at Only RM400 Millions
Our Investment in Just BJ Auto is Worth More than RM1.2 BILLIONS
The stocks has got very strong fundamental but i think investors lost confidence in VT and maybe his son Robin Tan. After Robin took over the company shares have been on a downwards trend !
some says at 10cts put all inside , yup thats one of the brave and bull bs quality, as for those who dun have , will one find one suited expression kikikikikiki
thought 0.42 would be the bottom days back after BJAuto and BJFood showing good quarter reports, guess not, sigh! Worse yet, share buy back has yet to begin again...
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
datuk
4,935 posts
Posted by datuk > 2014-12-11 10:00 | Report Abuse
tt101.....you must be inherited with the horizon as wide and as tall as taipeh 101.....kikikikiki