Despite the doom and gloom in the world markets currently, you cant help but still see a golden path infront of BJCorp with this money printing franchise being set up in Vietnam.
ignissimia, nothing sparking yet. 35.5c is the offer price bf Vietnam news spread I can see a huge volume sold bf & after with profitless taken by imvestor. Most investors are chicken when they know fox can even it with any others news , Remember 1 billion profit.
If raider said bjcorp a good buy now, I will buy for sure. This stock lots if not tons of margin of safety. Plus now this good news, I will definitely ADD!
Any price btwn 34c~ 50c also good buy, but can it sustain & what's the fundamental or reason ? If price at lower but through profits generates given handsome dividend, why not ? Can it be happen at this bjcorp?
The recent poor price may have been engineered to support a probable humongous compensation claim against Jeju Free International City Development Center for damages such as construction costs, loss of future profits and losses from falling share prices due to suspension of works at the Jeju resorts complex in Korea.
Also, granted that the lottery business will not be up and running until July this year and fully fledged only after 5 years from start of business operation, but a discounted potential value of this business opportunity has already kicked in for BJCorp with the issue of the business certificate to begin operation.
Being one of the best if not the best company in the world to setup and run a computerised number forecasting lottery business in Vietnam whole, a permit like this will definitely lead to a flourishing franchise worth billions in due time. Look at Malaysia's BJToto ... market cap over $4 billion, annual PAT nearly $400 million, over 80% of profits payout in dividends to shareholders, dividend yields around 7%. Remember how it has powered the entire Berjaya group during the bad times and pulled them through.
Look at the larger business parameters in Vietnam compared to Malaysia's. Effective punters population of 90 million against 12 million here. 1 operator against 4 here. How much can you imagine this franchise will eventually be worth?
I would trade on the way up and always maintain a core investment block for the longer term to enjoy the fruits along the growth path. Who knows if the Vietnam's business might be listed in Vietnam and here, and BJCorp's shareholders might be given rights to own shares in such a listed company one day?
狐狸啊!狐狸!您几时才和我们小投资一起分享利润呢?. Vincent did not eat you alive you already have to pray and thank his GOD loh. He is a christian, very generous and donate a parcel of land in bk jalil to build the convention centre.
It may gyrate more violently in a choppy manner for a lengthy period which will cast off all those without resolve and the last few skeptics who are still lingering on this soon-to-be gravy train.
The call warrant exercise price for BJCORP CY and CZ are 38 Sen and 37 Sen respectively. Can somebody enlighten me whether we can find another call warrant of a counter in Bursa Malaysia with exercise price cheaper than 37 Sen.
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS BERJAYA CORPORATION BERHAD ("BCORP" OR "COMPANY") PROPOSED ACQUISITIONS OF 12.00% EQUITY INTEREST IN BERJAYA LAND BERHAD FOR A PURCHASE CONSIDERATION OF RM419.11 MILLION TO BE SATISFIED BY THE ISSUANCE OF RM353.25 MILLION NOMINAL VALUE OF IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS ("NEW ICULS") TOGETHER WITH 706.50 MILLION FREE DETACHABLE WARRANTS IN BCORP ("NEW WARRANTS") AND REMAINING RM65.86 MILLION IN CASH ("PROPOSED ACQUISITION")
BJCorp has debt totaling 7 billions while having only 2 billions cash. It will need 1 billion for Vietnam toto project, leaving around 6 billions of debt. Hopefully, BJCorp will be able to dispose China project successfully, raising 1+ billion of cash, with additional 2 billions from selling Ritz-Carlton Residence KL and property development in Japan... These should all put BJCorp in good seat for next 1 to 2 years for profit growth...
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....
tt101
1,298 posts
Posted by tt101 > 2016-01-21 15:44 | Report Abuse
Still need at least six months time for harvesting. Anytime will back to square.