Posted by cyphua > 2016-06-29 15:57 | Report Abuse

Dear Christopher Ou: If you ask me who sell at this point, first we need to understand who have BJCorpLE, the ICULS 2016/2026 with 2% interest and market price RM0.50; only two guy we buy from them 12% of BJLand, and they convert 1:1 this ICULS 2016/2026 20M of this to BJCorp, so... for what? I say they want to sell it in BJCorp RM0.36 is more easy then BJCorpLE RM0.50.
Is it possible getting 1% interest from BJCorp better then 2% from BJCorpLE?

Posted by Eddysurge > 2016-06-29 16:47 | Report Abuse

I personally like u Boyd Chee, Christopher comments about bjc, give me more understanding, besides questions why management did reversely?

Posted by Up_down > 2016-06-29 16:52 | Report Abuse

The share price would take care by itself when Robin has cleaned up all those nonsense non-core business which doesn't add value much to the group. Shareholders would be happy if the company pays 1 % dividend higher this year with an increasing trend.

Posted by cyphua > 2016-06-29 16:54 | Report Abuse

Are this is the one BJCorp project in Japan?
“New Four Seasons Hotel Kyoto now accepting reservation by eHotelier on May 30th, 2016.”
Accepting reservation now. Hihihi.

Posted by Eddysurge > 2016-06-29 17:41 | Report Abuse

Market respond to coperate news & efforts, but pls understand also they be trapped so long &many times ready!

Posted by kahhoeng > 2016-06-29 18:00 | Report Abuse

cyphua, yes. Alas, I posted here before...


VT bought another 4 million shares, and BJCorp another 1 million shares, wonder why share price still not responding, sigh!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5136485

Acquired 23 Jun 2016 1,000,000
Acquired 24 Jun 2016 3,000,000

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5136761

Total number of shares purchased (units) 1,000,000
Minimum price paid for each share purchased ($$) 0.355
Maximum price paid for each share purchased ($$) 0.360

Posted by Angielim9955 > 2016-06-29 18:54 | Report Abuse

kahhoeng , bj reports out no good but got 2.15dividend, very weird reports not good but give hignh dividend ?
then price should up or not ?

Posted by Up_down > 2016-06-29 18:56 | Report Abuse

VT is very generous man. 2.16 cents dividend or equivalent to DY of 6%. Really unexpected..wow!

Posted by beso > 2016-06-29 19:00 | Report Abuse

q4 net loss -368,909,000.00 or -7.13 per share
limit down

Posted by calvintaneng > 2016-06-29 19:17 | Report Abuse

Net loss?

Why?

And got 2.16 cents dividend proposed?

2.16 cents with Bj Corp share price at 36 cts.

That's far better than Bank Fd anytime.

Very paradoxical indeed.

Comcorp showed profit but net cash actually decreased. And none for dividend.

Bj Corp has big loss but increased dividend.

Which is the better buy?

Posted by Icon8888 > 2016-06-29 19:43 | Report Abuse

Slurp 2.16 sen dividend

Lovely

Posted by hng33 > 2016-06-29 19:46 | Report Abuse

Share dividend declare.....no wonder bjcrop keep share buyback......

Posted by Icon8888 > 2016-06-29 19:52 | Report Abuse

I finally found the reason why I bought BJCorp

Posted by Up_down > 2016-06-29 19:55 | Report Abuse

Net losses was mainly cause by Impairment of Goodwill RM 476 million ( non cash item ) as expected.

Posted by Ven Felix > 2016-06-29 19:56 | Report Abuse

calvin, is here to shake some lessons from icon8888 ?
Should do it century ago...

Posted by yjinnvy > 2016-06-29 19:58 | Report Abuse

Waiting for expert's analysis...

Posted by yjinnvy > 2016-06-29 20:16 | Report Abuse

Not so understand about "impairment of goodwill", anyone here can explain?

Posted by kahhoeng > 2016-06-29 20:24 | Report Abuse

Angielim, the reported losses are mainly due to RM 632 million non-cash write-down (impairment) consisting of RM 473 million Malaysia gaming right, RM 131 million China property project disposal, and RM 28 million Phillipine (gaming right again, can't remember?) If you look at the operating cash flow and investing cash flow, though, figures are rather nice, with operating RM 365 million (less than RM 20 million fewer than last year) and investing RM 1,479 million (a stunningly great result showing VT is working hard improving cash in hand and reducing debt)

Share price? I am sorry, I am not VT, but I do believe BJCorp should be worth between RM 0.60 and RM 1.00, depending on how the Vietnam Toto project goes (hopefully not another Jeju or China property project). Based on recent activities, though, next quarter's cash in hand shall increase again with another close to RM 400 million disposal of listed companies' shares, completion of Menara Bangkok Bank/Ritz-Carlton (even to assume 40% sold shall bring in at least RM 800 million cash given the total project is estimated to be around RM 2 billion - my earlier guess of RM 3 billion should be wrong), disposal of China's property development (another RM 600 over million next year) and Jeju Airest City project court ruling.

Posted by kahhoeng > 2016-06-29 20:31 | Report Abuse

And please take note, the dividend is NOT cash. Rather, it will be 3 treasury shares per 100 shares owned, rather than RM 0.0216 cash per share! Slightly lower than what I thought, 4 treasury shares per 100 shares owned plus RM 0.01 cash dividend per share, sigh! Guess I am too greedy...

Posted by Up_down > 2016-06-29 20:33 | Report Abuse

Impairment on " assets held for sale relating to Berjaya (China) Great Mall Co Ltd ("GMOC") of RM131.81 million "

Reversal of impairment would happen once USD appreciate against RM at the end of reporting date in the next few quarters.

Posted by ngblg > 2016-06-29 20:49 | Report Abuse

Up_down & kahhoeng
Thank you for your last comments.

Posted by rkgfantasy > 2016-06-29 20:55 | Report Abuse

3 treasure share per 100 shares, is low alot compare with 0.0216 cash leh....
100lot = get 3 lot for free(price now 0.36), it only worth RM108
if 100lot x 2.16% = RM216.... im i right ?

Posted by looyee > 2016-06-29 21:04 | Report Abuse

Like hng33 said, is a share dividend of 3 treasury shares for every hundred shares held.
2.16 sen is calculated based on cost of treasury shares.
If use current share price at 36sen, is only 1.08 sen per share.

Posted by looyee > 2016-06-29 21:05 | Report Abuse

Lets hope the share price is higher upon distribution of shares

Posted by kahhoeng > 2016-06-29 21:20 | Report Abuse

also, comparing the 3rd and 4th quarter report, the debt has reduced by RM 519 million while cash in hand increased by RM 639 million, i.e., RM 1,158 million cash raised in a quarter. On to of that, asset held for disposal is RM 1,362 million, meaning at least another RM 1,362 million cash is to be expected soon.

If to compare 4th quarter report to the 4th quarter of last year, the debt is reduced by RM 200 million while cash in hand increased by RM 996 million, i.e., RM 1,196 million cash raised in a year, with most of it done during the 4th quarter.

Posted by rkgfantasy > 2016-06-29 21:21 | Report Abuse

if cases like this.. tomorrow hard to flyhigh... since nothing much different with 1% cash dividen
unless... they can make the stock price at 0.50++ when they pay out the tresure share ba

Posted by Up_down > 2016-06-29 21:27 | Report Abuse

VT is playing a funny game with minority shareholders. What a joke!

Posted by Angielim9955 > 2016-06-29 21:58 | Report Abuse

kahhoeng why dividend not paid in cash ,
I need cash to buy starbuck leh .
让我欢喜让我优

Posted by rkgfantasy > 2016-06-29 22:32 | Report Abuse

how old are you angielim, we have bought the same stock bjcorp and hicom.. i feel that you are cute person.. hahha

Posted by Angielim9955 > 2016-06-29 22:44 | Report Abuse

rkgfantasy age is secret sorry cant tell
and I have no more hicom , now only got bjc, but result very bad aiyoo another wrong investment , should invest in haio betetr I think

Posted by paperplane2016 > 2016-06-29 23:06 | Report Abuse

The 2.16 misleading.

Posted by paperplane2016 > 2016-06-29 23:13 | Report Abuse

Ermmmm, so buy??

Posted by paperplane2016 > 2016-06-29 23:13 | Report Abuse

Hehe, someone said me stupid, now all silence

Posted by Eddysurge > 2016-06-29 23:23 | Report Abuse

@ paperplane, did someone said that? So continue zzzz? What u say?

Posted by paperplane2016 > 2016-06-29 23:25 | Report Abuse

Is div in specie lah. Read carefully.

Posted by paperplane2016 > 2016-06-29 23:26 | Report Abuse

I prefer give me bjauto, bjfood loh. Why sell in mkt. Give me mah, ceh. I like Starbucks

Posted by kahhoeng > 2016-06-29 23:26 | Report Abuse

angielim, I am not VT, can't tell you why no cash dividend, I am hoping for one myself, haha... anyway, the balance sheet is showing a much stronger position compared to last year despite the 'scary' losses... since you are still drinking starbucks, guess you should do just fine.

BTW, 3% share dividend not so bad, you can always sell some of the shares paid to you as dividend if you are in need of cash.

Posted by Eddysurge > 2016-06-29 23:43 | Report Abuse

@paperplane, u can ask hok chak host Gary to recomend u better drink & cheap than starbulk.

Posted by Eddysurge > 2016-06-29 23:53 | Report Abuse

So, bjcorp no1 supporter no cash div to spend at starbuck restoran, how? Many many free voucher pls at yr end lor!

Posted by Angielim9955 > 2016-06-30 00:36 | Report Abuse

Eddysurge who is no 1 supt , kahheong or you,I only got 8lots only.
But I also stupid I should buy bjfood last week,'dont know why bjfood sudah crazy flying non-stop, and I cant find any good news for bjfood as well, what I know bjfood reports no good , only bjtoto good.

Posted by Angielim9955 > 2016-06-30 00:46 | Report Abuse

kahhoeng if as you say 100 share we only get 3 share mean only 3%
then dividend yield also should be 3% only
why it claim 2,16cent per share ?
if 2.16 cent per share dividend yield is 6%
you see : 0.0216/0.36 = 6%

SO IF chgn to share dividend actually we only get 3% DIVIDEND YIELD instead of 6% dividend yield ?

someone can expalin ?

Posted by iQBE189 > 2016-06-30 00:53 | Report Abuse

if tmr rm0.38 i will sold all share last week i brought 100,000 and .35

Posted by Eddysurge > 2016-06-30 01:03 | Report Abuse

@ Angielim, i means starbucks suptr. I not confident to bjc mgmt structure already, treats bjc as gambling bet. Same as bjfood.

Posted by Angielim9955 > 2016-06-30 01:25 | Report Abuse

ok

Posted by Angielim9955 > 2016-06-30 01:28 | Report Abuse

kahhoeng if as you say 100 share we only get 3 share mean only 3%
: 3share x 0.36 = 1.08 , 100 share x 0.36 = 36 ,so 1.08/36 only 3%
then dividend yield also should be 3% only .

why it claim 2,16cent per share ?
if 2.16 cent per share dividend yield is 6%
you see : 0.0216/0.36 = 6%

SO If chgn to share dividend actually we only get 3% DIVIDEND YIELD instead of 6% dividend yield ? ( 2.16cent per share )

Posted by posby > 2016-06-30 07:09 | Report Abuse

the beauty of accounting...
how u look into it...
loss because of non cash... is impairment loss..
0.36(current market value) = 1.08(div)
0.72(upon treasury share entitlement) = 2.16(div)

Posted by posby > 2016-06-30 07:11 | Report Abuse

already giv you some hint.....how far this counter will go..
upon entitlement....

Posted by looyee > 2016-06-30 07:22 | Report Abuse

Yes.. it's a hint

Posted by looyee > 2016-06-30 07:25 | Report Abuse

Angielim.. why bjcorp claim 2.16 sen? Its stated in thevQR that cost of treasurt share is rm0.72 per share. Please calculate using rm0.72 sen.. u will get 2.16 sen

Posted by posby > 2016-06-30 07:54 | Report Abuse

every year will deduct 1cents from the share price..
this year abit diff...
free share without deduct share price... this also proving.. stingy boss abit generous this year..