On 18 September 2014, BFood announced that it had completed the acquisition of 11,500,000 ordinary shares of RM1.00 each in Berjaya Starbucks Coffee Company Sdn Bhd ("BStarbucks"), representing the remaining 50.00% equity interest in BStarbucks not owned by BFood, for a total cash consideration of USD88 million or about RM279.51 million from Starbucks Coffee International, Inc. Consequently, BStarbucks became a wholly owned subsidiary company of BFood.
ei... mana itu org "runbeforeyoudie"??? kikikiki...u r... u know good news from Tan Sri..but still distribute herewith bad comments on Bj Con!...kikikikiki... You are the most pan lei Inter Pacific Warrior... kikikikikikiki... Coz surely u wont died!...
stupid, buy jobst better. RM1 soon. This less NTA but high profit soon due to good management. This VT management too weak and cannot be trust. High nta but cannot make good profit.
the investment in quoted shares, angkiki will also cut down the coming profit. However, with plenty of cash in hand, should be an opportunity to the group....
....The company said its directors had assessed that the company’s 36.7% equity interest in BAuto would result in BAuto becoming an associated company of the group.
“This would require the group to remeasure its 36.7% equity interest to reflect its fair value and based on the directors estimate, the Group would recognise a total substantial gain of about RM1bil (or 24.6 sen per share) which comprises of gain on disposal subsidiary company and gain on remeasurement.
“With the aforesaid, the directors expect the overall results for the financial year ending April 30, 2015 to be better.”
To all Berjaya Corporation strongman, die hard fan, commentator, analyst, investor, speculator dan lain-lain..... Happy NEw Year, Selamat Tahun Baru and wishes all to have a very healthy and prosperous years ahead. May all your wishes come true.
BJ Corp is not a Direct Growth Stock. On Its Own It is a Corporation.
Just like the Island of Singapore. On its Own Singapore is a piece of flat land (except Bkt Timah & Mt Faber). There is nothing in Singapore. No tin, rubber or palm oil. But Singapore has Many, Many Businesses. And Singapore prospers because the brains behind it did many great things.
So is Berkshire Hathaway. Warren Buffet bought this textile company. On its own Berkshire Hathaway is a mediocre - so-so average company.
But Warren Buffet invested its profits into World Class Companies. So Berkshire itself is redundant while its investments have done exceptionally well for decades.
Bjcorp is NOT growth stock, it is asset rich company. Being holding company, Bjcorp invest in various subsidiary and land. Although Bjcorp derive earning from these subsidiary business like gaming (bjoto), property (bjland), food and beverage (bjfood), auto (bjauto), teleco (redtone) etc , but its main CORE business is INVESTMENT on these subsidiary. Therefore, once these subsidiary reach full value, bjcorp can slowly reap profit on it by cutting down its stake, realize massive gain. On the other hand, if subsidiary still undervalue, Bjcorp will gradually increase its stake on it, gestate these subsidiary for future gain.
In other word, Bjcorp MAIN business is INVESTMENT share in these subsidiary and the business profit on these subsidiary is just peripheral or side income to bjcorp.
Bjcorp only full value on just one of its subsidiary Bjauto due to recent cut down its stake from 57% to 36%, change bjauto subsidiary to associate. Therefore, its remain 36% stake in bjauto can mark to market, and realize RM 1.0 bil paper profit.
Bjcorp still have notable listed subsidiary such as bjtoto (52%), Bjland (62.88%) and Bjfood (58%). The next full value candidate will most likely Bjfood, in which Bjcorp cost on investment is merely 70sen vs market price RM 3.06. If Bjcorp opt similar route as bjauto, cut down bjfood stake to below 50%, change from subsidary to associate, it will then again need to mark bjfood at market price, realize potential another RM 800m paper gain again or another 20sen/share paper profit to Bjcorp.
I have a different take on BJCorp n VincentT....... from 1.87 Apr2010 to 0.37 Dec2014 (1.50 gone in around 4 yrs!!) i can buy now and expect a big play from VT.....He just can not stay so beaten for so long.....maybe a quick to 0.50 ist 2 days of 2015?
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 > 2014-12-31 09:28 | Report Abuse
Write a comment..if u relate to next qtr result....sell to atuk...pls
Kikikiki