Posted by hng33 > 2015-03-27 17:06 | Report Abuse

Based on available information, it could be Bjcorp continue accumulate Redtone stake (exiting stake 28.29% + newly acquire block 10.53% = 38.82%), already exceed 33% threshold, therefore triggering take over code.

Posted by Unbeatable Nick > 2015-03-27 17:13 | Report Abuse

latest quarter profit >1 billion...how??!!!

Posted by cyphua > 2015-03-27 17:14 | Report Abuse

EPS=19.63 sen per share, 2015Q3

Posted by lmseng > 2015-03-27 17:16 | Report Abuse

wow! NTA RM1.673!!!

Posted by tt101 > 2015-03-27 17:20 | Report Abuse

姜还是老的辣！

Posted by hng33 > 2015-03-27 17:20 | Report Abuse

Q3 EPS=19.63, NTA increase even larger, from RM 1.352 to RM 1.673, a whooping gain of 32.1sen

Posted by cfoong > 2015-03-27 17:23 | Report Abuse

Kikikikikikiki. .. only 975mil...kikikikikikiki

Posted by speakup > 2015-03-27 17:25 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1914965

Profit for the quarter: RM1,040,922,000 !!!!!!!!!!!!!!!!!

Next monday BJCORP open 50sen!

Posted by speakup > 2015-03-27 17:27 | Report Abuse

Special dividend coming?

Posted by Eric Lim > 2015-03-27 17:27 | Report Abuse

Huat ah

Posted by fyh30 > 2015-03-27 17:28 | Report Abuse

y u all so excited with the profit? is pure accounting trick...

The Group reported pre-tax profit of RM1.13 billion
in the current quarter as compared to pre-tax prof
it of
RM427.96 million in the preceding quarter. The incr
ease was mainly due to non-operational gains arisin
g from
the remeasurement and gain on disposal of a subsidi
ary company as mentioned in Note B1. Overall, ther
e
was a drop in the operating profit mainly due to th
e deconsolidation of BAuto in marketing of consumer
products and services segment.

Posted by Eric Lim > 2015-03-27 17:29 | Report Abuse

Vincent gor will be super idol for next week

Posted by fyh30 > 2015-03-27 17:30 | Report Abuse

conclusion... nothing to shout about..

Posted by Eric Lim > 2015-03-27 17:32 | Report Abuse

PE ration 2, will be bargain of the century

Posted by GreenTrade > 2015-03-27 17:33 | Report Abuse

LIMIT UP ON MONDAY

Posted by Vincent Tan > 2015-03-27 17:34 | Report Abuse

I told you all, wasn't it?

Posted by Eric Lim > 2015-03-27 17:40 | Report Abuse

Report lower profit, poeple say company going kaput, report higher profit people say figures manipulated. Whatever la, we kacang putih investors only look at final figures only mah, hope uncle aunty rush in next week, so we can take profit & run mah

Posted by VinTan > 2015-03-27 17:42 | Report Abuse

if one day bj assets are revalued, would you call it pure accounting trick ?

Posted by calvintaneng > 2015-03-27 17:47 | Report Abuse

LADIES & GENTLEMEN

BOYS & GIRLS

B & B (Not B to B)

B & B?

YES! BEGGARS & BILLIONAIRES!

Those who still cannot see belong to the beggar category.

For All Those Who can SEE!

Congratulations!

YOU ARE IN THE CLASS OF BILLIONAIRES!!!

To Be Continued.....

Posted by VinTan > 2015-03-27 17:51 | Report Abuse

suppose you have a property and the property has appreciated manifold, wouldn't selling the property make you handsome profit? why is it pure accounting trick ?

of course, you would have to forego the rental you used to collect

Posted by VinTan > 2015-03-27 17:57 | Report Abuse

substantial gain vs monthly rental , your pick ?

Posted by mr x > 2015-03-27 17:59 | Report Abuse

wow pe 2 only, 22cts eps despite of big share base, what a top class management with just some divestment exercise the profit became the most talk about topic for 2015 couple with taking over redtone , monday should see its share price skyrocketing dont thanks buffet, though a shareholder he is only having coca-cola in us kikikikikiki but thanks calvin for his great recommendation, hng33 accurate anaysis, true a big leap in its nta and paperplane all the way to rm1 is possible, stay tune kikikikikikikiki

Posted by albukhary > 2015-03-27 18:08 | Report Abuse

Everyone, please hold your share.. Monday will be limit up.

Posted by albukhary > 2015-03-27 18:08 | Report Abuse

I'm not greedy, just give me 3 days limit up, I'm satisfied oredi.

Posted by helang008 > 2015-03-27 18:12 | Report Abuse

tarak special dividend... lol

Posted by Eric Lim > 2015-03-27 18:16 | Report Abuse

If reach RM1 i will dump all

Posted by superspeculator > 2015-03-27 18:24 | Report Abuse

EPS 19.64!!! PE= 2.24 only!
super duper undervalued!!!
I'm not greedy. I want PE 10 only! PE 10 then the share price will be RM1.96!

Posted by ignissimia > 2015-03-27 18:24 | Report Abuse

Accounting trick? The trick is in the earlier concealment of this pile of gold when it was there all the time and people not believing in its existence even with all the evidences pointing at it, not in the unlocking of wealth.

Now what about the mountain behind this pile?

Posted by show > 2015-03-27 18:26 | Report Abuse

well, this is an excellent accounting play by BJCORP, people normally don't care about accounting, they just see profit or loss on the surface, that's all. So, BJCORP will rally for sure.

Posted by superspeculator > 2015-03-27 18:26 | Report Abuse

PE 10, TP= RM1.96

Posted by mr x > 2015-03-27 18:33 | Report Abuse

igni, its true we should believe there are mountains behind the pile, bj will be a blue chip given time

Posted by VinTan > 2015-03-27 18:36 | Report Abuse

yes, the mountain behind this pile, that's it!
anyone still blind to see it?

Posted by hng33 > 2015-03-27 18:36 | Report Abuse

BCorp 3Q earnings up over 60 times to RM975.41m on non-operational gains

KUALA LUMPUR (Mar 27): Berjaya Corporation Bhd ( Financial Dashboard)’s net profit for the third quarter ended Jan 31, 2015 (3QFY15), skyrocketed to RM975.41 million from RM15.97 million a year earlier, due to non-operational gains.

In a filing with Bursa Malaysia today, the group said the surge in net profit was due to non-operational gains such as gain on “remeasurement” and gain on disposal of a subsidiary company amounting to RM837.18 million and RM157.54 million, respectively.

Apart from the non-operational gains, BCorp (fundamental: 0.35; valuation: 1.2) said its operating profit decreased compared to a year ago because of lower progress billings registered in the property investment, development segment and the reduced contribution from the BAuto group.

For the 3QFY15, BCorp's operating profit was down 23.4% year-on-year (y-o-y) at RM174.44 million from RM227.75 million.

Revenue, however, fell 6.36% to RM2.21 billion from RM2.37 billion last year due to the deconsolidation of Berjaya Auto Bhd ( Financial Dashboard) with effect from Dec 1 last year, and property investment and development segment.

For the cumulative nine months (9MFY15), BCorp’s net profit jumped over 10 times to RM1.14 billion from RM90.03 million a year ago.

Revenue also rose 18.02% to RM7.27 billion from RM6.16 billion in 9MFY14.

Going forward, BCorp is optimistic that its operating performance will be satisfactory in the remaining quarter of the financial year ending April 30 this year.

Shares in BCorp closed unchanged at 44 sen, giving it a market capitalisation of RM1.825 billion.



Remark: The non-operational gains on “remeasurement” of Bjauto amounting to RM 837.18 million is based on last year market share price for Bjauto at RM 3.20. Therefore, the remeasurement will be even higher if based on latest closing price for Bjauto at RM 3.80, another 19% surge in paper gain, give rise its remaining stake in Bjauto (34.33%) for paper gain more than RM 1 billion.

The good news is Bjcorp intend to continue monetized these remaining stake in Bjauto, to be gradually trim down the stake, translating these paper gain into real cash proceed.

In addition, Bjcrop also is in the midst to monetized its landbank for RM 780m, realize another whopping gain of RM 140m to be recognized by these year.

Therefore, solely based on Bjcrop remain stake in Bjauto + cash proceed from landbank disposal = Bjcrop current market capitalisation of RM1.825 billion.

Posted by calvintaneng > 2015-03-27 18:39 | Report Abuse

OVER A SHORT TERM PRICE IS DICTATED BY THE VOTING OF THE CROWD. BUT OVER A LONGER PERIOD, VALUE DETERMINES PRICE.

CMSB WAS SELLING AT BELOW RM2.00 WITH NTA OF RM8.00

ONE DAY WHEN ALL THE DEEP VALUE OF CMSB UNRAVELLED THE PRICE CROSSED OVER RM10.00 A BLUE CHIP TO REFLECT ITS TRUE STATUS.

QUESTION NOW IS?

WHAT IS THE REAL INTRINSIC VALUE OF BJ CORP?

Posted by chrischan > 2015-03-27 18:43 | Report Abuse

kikikiki!!!!!talk so longgggg!!!also useless!!!!!!kikikiki!!!!all in own pocket!!!!all shareholders eat telur!!!!!kikiki!!!!sure ah can limit up!!!!!dream always nice!!!!!kikiki!!!!but but but reality harsh!!!!!KIKIKIKIK!!!!

BOH CHOW BJCORPSE CCCCCC ARGHHHHHH!!!!!!KIKIKIKI!!!!!

Posted by rlch > 2015-03-27 18:49 | Report Abuse

If everything is good major question is why VT dare not buy despite BJ Corp getting cheaper? He has bought BJ Toto this year but not BJ Corp.

Posted by USApg > 2015-03-27 18:54 | Report Abuse

Berjaya buy 70,099,931 redtone share .... good news???

Posted by calvintaneng > 2015-03-27 18:55 | Report Abuse

Rich,

Same question could be applied to KKP of MUI Group.

Why didn't KKP Buy PM Corp when it fell to 9 cents? He bought Mui Bhd, and Mui Property instead.

Posted by USApg > 2015-03-27 18:59 | Report Abuse

corporate exercise !!!!!!!!

Posted by USApg > 2015-03-27 19:01 | Report Abuse

TAKE-OVERS & MERGERS

Posted by USApg > 2015-03-27 19:04 | Report Abuse

good news for redtone shareholder

Posted by USApg > 2015-03-27 19:04 | Report Abuse

The Board of Directors of REDtone ("Board") wishes to announce that REDtone today received a notice of conditional take-over offer ("Notice") from RHB Investment Bank Berhad on behalf of JSSB, a wholly-owned subsidiary of BGroup, which in turn is a wholly-owned subsidiary of BCorp to acquire:
(a) all the remaining ordinary shares of RM0.10 each in REDtone (“REDtone Shares”) not already owned by JSSB and its persons acting in concert with it (in accordance with Section 216 of the Capital Markets and Services Act, 2007) (“PACs”) and such number of new REDtone Shares that may be issued pursuant to the exercise of outstanding options granted pursuant to REDtone’s employees’ share option scheme and/or conversion of outstanding 2.75% 10-year irredeemable convertible unsecured loan stocks 2010/2020 issued by REDtone (“REDtone ICULS”) (“Offer Shares”); and
(b) all the remaining REDtone ICULS not already owned by JSSB and its PACs (“Offer ICULS”),
for a cash offer price of RM0.80 per Offer Share and RM0.32 per Offer ICULS.
A copy of the Notice dated 27 March 2015 is attached herewith for further details.
This announcement is dated 27 March 2015.

Posted by calvintaneng > 2015-03-27 19:05 | Report Abuse

I think the answers are all obvious if you check all the revealed details carefully.

But First Let Me Illustrate 2 Stories.

One I heard & One I personally know.

The First Story I heard

Once lived a poor widow. She is living from hands to mouth & later even starved for days.

Her neighbours seeing her plight, asked her if she has any relatives who might help her?

She replied that she has a son gone oversea for work but didn't send her any money.

She then said, "He used to sent me paper pictures which I framed on the wall of my room"

Curious, her neighbours asked to see these "paper pictures"?

To the Glad Surprise of her neighbours. On the wall of the poor room were rows & rows of "INTERNATIONAL MONEY ORDERS"

Illiteracy & ignorance kept her from CASHING OUT THESE "CASH IN EQUIVALENT"

Many people CANNOT UNDERSTAND THE DEEP VALUE OF BJ CORP

WHY? OH! WHY?

Posted by paperplane > 2015-03-27 19:06 | Report Abuse

Hoho, cantek. First jackpot coming. More jackpot comng. Si5 5ight.

Posted by USApg > 2015-03-27 19:07 | Report Abuse

redtone -win
bjc - loss

Posted by MyView > 2015-03-27 19:07 | Report Abuse

Watch out for the uptrend on Monday. I am sure there will be more good news from today. Redtone becoming a subsidiary of BJ? Special dividend for the smart investors of BJ?

Posted by USApg > 2015-03-27 19:08 | Report Abuse

winner - Sultan of Johor!

Posted by calvintaneng > 2015-03-27 19:14 | Report Abuse

Read carefully lah'

REDTONE CLOSING PRICE IS 83 CENTS TODAY. BJ CORP ONLY OFFERED 80 CENTS, WHICH IS BELOW LAST TRADED PRICE.

REMEMBER BJ CORP ALREADY BOUGHT A WHOLE LOT BELOW 80 CENTS.

MAY BE THE MARKET WILL CHASE UP REDTONE PRICE ON MONDAY. THEN BOTH BJ CORP AND THE SULTAN OF JOHOR WILL STAND TO GAIN.

Posted by USApg > 2015-03-27 19:15 | Report Abuse

winner - THE SULTAN OF JOHOR

Posted by helang008 > 2015-03-27 19:20 | Report Abuse

winner - Sultan of Johor!