The news panperplane2 post have two positive: (1) Twenty-two landowners thus resisted the project, and now only four remain — Kang Min-cheol is one of them. (2) With 60 percent of the project completed, and 147 condominiums pre-sold, a project can sell 50% is consider smooth already.
South Korea has many casinos in operation. In Jeju Island alone which is more than 2.5 times the size of Singapore, there are at least eight listed casinos which are being eyed by foreigners especially from China.
Most Koreans like most people would naturally welcome development where they live. It would be strange to see the RM1.9b BJCorp's development derailed because of one spirited local protester among 4 resisting landowners from an initial group of 22. The 18 had accepted increased compensation.
I cannot help feeling that there are other invisible and sinister forces involved in the blockade.
In the AGM, Robin said BJcorp is not Syariah compliant. So govt funds like EPF cannot invest in BJcorp. What about BJtoto which is also non Syariah compliant? BJtot gives dividend every quarter. That is why the share price is so good. Where is the money BJcorp received from their associates and subsidiary companies like BJauto and BJtoto? BJcorp did not pass it down to their shareholders. This is very unfair. BJcorp sharesholders are most neglected investors.
One shareholder brought up that Calvin Tan in i3investors said that BJcorp is a RM10 company and is very undervalued. Now seldom see him around. I said dead.
Each time share price goes up one sen, the fed up shareholders will sell to cut loss. I don't know there are how many fed up shareholders but we can see the large volume of sellers coming out. One sen up on the share price can off set the one sen peanut dividend. These people can also collect their sales money first.
Berjaya Corp is one of the heaviest stock to move in Bursa. Yet I felt Berjaya definitely a good stock to invest. Target 60 cents in 1 year. 90 cents in 2 - 3 years.
Think back. normally buy back will drop. big fish need sell away not push up the price. check back VT convert a lot ICULS. This so much need turn back to cash.
成功置地透过文告表示,持股72.6%的子公司--成功济州度假村公司(Berjaya Jeju Resort Ltd ,BJR)11月6日于韩国就济州国际自由城市开发中心(Jeju Free International City Development Center ,JDC),违反双方在2009年3月30日签署的土地买卖协议某些条款,而对后者提出诉讼。
BJLAND accused the South Korean government units JDC in violation of the agreement, and sued to shut down resulting in local development projects.
Currently ongoing development projects have been tentative, but did not disclose the amount of actual loss.
Statement pointed out that the area of the development plan called "Jeju Airest City" reached 183.8 acres, worth up to $ 2.4 billion development (about 103 billion ringgit).
BJLand holding 72.6% of the subsidiary Berjaya Jeju Resort (BJR) , today started proceedings against the land sale and purchase agreement by the end of March 2009 the. Korea Land Development, Infrastructure and Ministry of Transportation holds a 19% stake in the resort.
"The Korean Supreme Court judgment on March 20 this year, the agreement in the relevant land sold off several pieces of land successfully Jeju Resort failure, resulting in Jeju Free International City Development Center in violation of land agreement."
The company noted that the front part of the land the landlord has sued over land owned by change.
"This lawsuit will not affect the company as of the end of April next year fiscal year results, if any progress or the amount of actual losses will notice."
patiently wait for 35million share to break 0.450 or else wait for news to GAP up......if not will hovering between 0.400 - 0.430 accumulating(dunno until when)
Share number only 247.5M, 10% only 24.7M, RM0.45 only RM11.11M, don't know what is the cost, cannot find BJCorp in STEMLFE annual report, but.....JP Morgan, UBS, have been appear in BJCorp, so.. this VT is not easy.
KUALA LUMPUR: Singapore-listed Cordlife Group Ltd, a cord blood banking firm, has made a conditional takeover offer for StemLife Bhd, Malaysia’s first cord blood-banking firm, at 45 sen per share.
The take-over offer was triggered on Thursday after Cordlife, already a major shareholder of StemLife, crossed the 33% threshold with the purchase of 3 million shares or 1.21% of the company. That raised its stake to 33.03%.
Its exercise to take the Malaysian cord blood-banking firm private is worth RM1.35bil in an all-cash deal.
The offer places a 9.76% premium to StemLife’s shares based on five-day volume weighted average market price up to the last trading day prior to the offer of 41 sen.
Berjaya Corp Bhd owns a 10.05% stake in StemLife via Juara Sejati Sdn Bhd. Other notable shareholders include JP Morgan Chase with 4.62%, Ramesh Pritamdas Chandiram with 3.41%, Sing Chin Zee with 2.98% and Jah Wong San with 2.94% stake.
Cordlife emerged as the single largest major shareholder of StemLife when it acquired 78.74 million shares (31.82%) of the company from its founders and several individuals at 60 sen apiece in 2013. The Ace-market counter was last traded at 48.5 sen at the time of the 60 sen offer.
StemLife, which had been struggling with challenging market environment for its niche services, returned to the black with RM590,000 net profit for the nine months ended Sept 30 on RM13.4mil revenue compared with a net loss of RM108,000 in the previous corresponding period.
It was reported last year that StemLife had planned to ink more agreements with Cordlife to tap the Singapore-listed firm’s technology and product lines, according to management.
StemLife had signed a licensing pact with Cordlife last month for Stemlife to offer a service to store cell tissue from umbilical cords in Malaysia.
This was the first deal sealed between StemLife and Cordlife since the Singaporean cord blood banking firm bought the 31.82% stake in StemLife.
StemLife closed higher by a sen or 2.41% to 42.5 sen on Thursday.
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....
MyView
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Posted by MyView > 2015-10-29 16:59 | Report Abuse
Thank you Paperplane2, good information for investors.