biggest regret did not convert bjcorp to gadang.could have bought gadang at rm1.78.gadang price is now rm2.33.as KCCHONG reminds us never have false hopes for lemons.
All princesses are just proxies to "ambil buta gaji" 10 millions per year from shareholders, Con King is still the main greedy bastard controlling the share price or even to slaughter minority shareholders like you and me for fun !!!
Few years back, i remember few famous persons in I3investors like Datuk, Leno, Calvin-talk-cock-Tan, all have strong buy call for this counters, and all ended up as Holland Kings and nowhere to be seen in I3 !!
Ivan, CY is just call warrant number Y, nothing to be concerned. More important thing is the expiry date and valuation details of the warrant. You have to check the bursa for details though...
humbleisland, call warrants has nothing to do with BJCorp shareholders or BJCorp itself, it's only a business deal between call warrant holders and call warrant issuers, usually investment banks.
I guess, when issuing call warrants, investment banks will have to buy certain percentage of BJCorp (or any other companies) to protect themselves when BJCorp share rises above their expectation. Close to the end of expiry date, investment banks may to have to sell these shares should share price rises too much, at which these investment banks may incur losses. Guess that's why some opined that BJCorp's price will move up once BJCorp-CY matures. I have no earlier working experience in financial industry and I do not have a good idea of how it works. My sharing here is more from my knowledge through books...
BJCorp has a few core businesses: (1) property development through BJCorp and BJLand (2) Cosway through BJCorp (3) property investments through BJCorp and other subsidiaries/associates (4) number forecasting through BJToto (5) car dealerships and assembly through BJAuto and BJToto (5) franchised shops (6) investments in listed companies. Of these, I would presume property investment and development have the highest percentage in its balance sheet. Though, BJCorp property development in China and Jeju Island through BJLand have been in trouble for a while, which I believe contributed to most of the recent debt increases (non RM-debt has also contributed because depreciated RM) With recent announcement of China property development to be taken over by another Chinese company, maybe future prospect could be brighter. A second issue has been the privatization of Hong Kong Cosway. Think BJCorp has paid too much and recent years have not been good to Cosway's business. Read from recent annual report that Cosway business is gradually improved, hopefully things can be brighter this and next year.
I think BJCorp share price is not performing due to one of the two reasons (1) BJCorp businesses are not so good, from number forecasting to property development (2) VT has yet to need money from us the small shareholders. (1) could see brighter future this year from recent businesses and land disposals, completion of Menara Bangkok Bank, Ritz-Carlton Residences and Japan property development. I hope not to see (2), otherwise I will sell when its goreng up
bjc has shown profitable q results, bj food , auto and u moblile businesses are doing well , one day positive suprises will surface and bjc back to more than i buck, believe me the day will come, remember your patience will be rewarded
humbleisland, I also bought at around 50, think average 0.49 2 years back. Then forced to sell at 0.40 to add Puncak last year. I have only bought back after receiving my Puncak special dividend lately. Think and hope BJCorp can be a jackpot play, but have been no luck lately, haha... only consolation is the yearly 0.01 dividend until jackpot hit
爱丽丝, hope I am not misleading you here, cause my investment in Puncak is terrible, and my investment with BJCorp is also not doing well. My only luck recently is only PetronM.
Hope Malaysia stock market can stable as 2014 and hope berjaya can offer 3% DIVIDEND this year. Berjaya got many profit company like berjayaTOTO and Starbuck ,3% actually not much for Berjaya
BERJAYA CORPORATION BERHAD ANNOUNCEMENT DISPOSAL OF ORDINARY SHARES IN MAGNI-TECH INDUSTRIES BERHAD 1.0 INTRODUCTION 1.1 The Board of Directors of Berjaya Corporation Berhad (“BCorporation”) wishes to announce that its wholly-owned subsidiary companies, namely Berjaya Group Berhad (“BGroup”) has disposed of all of its interest, and Juara Sejati Sdn Bhd (“JSSB”), has disposed of part of its interests in Magni-Tech Industries Berhad (“Magni-Tech”) to the following parties, details of which are as follows:- (a) in November 2015, a total of 12,000,000 ordinary shares of RM1.00 each in Magni-Tech (“Magni-Tech Shares”), representing 7.37% equity interest in Magni-Tech, had been disposed in the open market for a total cash consideration of RM43.56 million or at RM3.63 per Magni-Tech Share. (“Past Disposals”); and (b) on 11 January 2016, JSSB and BGroup disposed a total of 12,106,500 Magni-Tech Shares representing 7.44% equity interest in Magni-Tech, via direct business transaction for a total cash consideration of RM50.0 million or at RM4.13 per Magni-Tech Share to Perbadanan Nasional Berhad (“PNS”) pursuant to a Sale and Purchase of Shares Agreement (“Agreement”) entered into between PNS, JSSB and BGroup (“Disposal to PNS”), Collectively referred to as the “Disposals”. 1.2 Dato’ Dr. Tengku Rethwan Bin Tengku Mansor (“Tengku Rethwan”) is a director of Berjaya Higher Education Sdn Bhd (“BHE”), a 70.6%-owned subsidiary of BGroup. Tengku Rethwan has entered into a put option agreement and a call option agreement with PNS for the said 12,106,500 Magni-Tech Shares acquired by PNS pursuant to the Disposal to PNS (“PNS Arrangement”). 1.3 Upon completion of the Disposals, the remaining interest held by the BCorporation Group is 13,716,900 Magni-Tech Shares representing 8.43% equity interest in Magni-Tech.
EFFECTS OF THE DISPOSALS 6.1 The Disposals do not have any effect on the issued and paid-up share capital and substantial shareholders’ shareholdings in BCorporation. 6.2 The Disposals have no material effect on the net assets and earnings of the BCorporation Group. The Disposals will result in a gain on disposal of about RM49.12 million to the BCorporation Group for the current financial year ending 30 April 2016.
cyphua...u din invest in CY.... i invest abit..@ 0.025... another supermax if got news.....hahaha..few k...add into my average price... last time 0.420...now 0.430.....lol...lets c can kill 2 bird with a stone..else the few k throw into sea....
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....
giftformother
32 posts
Posted by giftformother > 2016-01-05 16:39 | Report Abuse
biggest regret did not convert bjcorp to gadang.could have bought gadang at rm1.78.gadang price is now rm2.33.as KCCHONG reminds us never have false hopes for lemons.