Code Stock Number of Shares Total Market Value Avg Acquisition Price Current Price change to last trading price Unrealized P/L Trade 4219 BJLAND 1,585,000 372,475.00 0.185 0.235 -0.005 78,616.00 BUY SELL
Leong1982, I have always been here and still holding on to my BJLand. There hasn't been any development in BJLand except VT buying under his 'own' account instead of BJCorp's and I believe its not a sign of privatization, at least to me. With so much complaints without Bursa and SC taking action, what else to say? Surely, a recovering price is good, but my aim has always been BJLand trading around 0.380/0.30 BJCorp price, or a privatization offer from BJCorp at least an equivalent to previous Penta's deal, i.e., 0.38/0.30 shares of BJCorp for every shares of BJLand. Of course, an extra cash incentive between 0.05-0.20 per share of BJLand held would show a minimum respect to BJLand shareholders.
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
BERJAYA LAND BERHAD
Particulars of substantial Securities Holder
Name TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares
Details of changes
No Date of change No of securities Type of Transaction Nature of Interest 1 22 Aug 2019 3,000,000 Acquired Direct Interest Name of registered holder Tan Sri Dato Seri Vincent Tan Chee Yioun Address of registered holder Level 12 Berjaya Times Square No. 1 Jalan Imbi 55100 Kuala Lumpur Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Direct Interest - Acquisition of shares via open market Nature of interest Direct Interest Direct (units) 89,500,000 Direct (%) 1.794 Indirect/deemed interest (units) 4,156,086,872 Indirect/deemed interest (%) 83.298 Total no of securities after change 4,245,586,872 Date of notice 22 Aug 2019 Date notice received by Listed Issuer 23 Aug 2019
Remarks : Indirect Shareholdings No. of shares ------------------------------ -------------------- 1) Berjaya Corporation Berhad 188,064,000 2) Teras Mewah Sdn Bhd 1,175,288,914 3) Juara Sejati Sdn Bhd 1,454,341,000 4) Bizurai Bijak (M) Sdn Bhd 654,486,220 5) Prime Credit Leasing Berhad 14,528,532 6) Inter-Pacific Capital Sdn Bhd 81,000,000 7) Inter-Pacific Securities Sdn Bhd 100,000,000 8) Rantau Embun Sdn Bhd 40,000,000 9) Berjaya Group Berhad 64,286,400 10) Berjaya Hills Resort Berhad 64,319,850 11) Berjaya Sompo Insurance Berhad 42,124,080 12) Desiran Unggul Sdn Bhd 224,000 13) Hotel Resort Enterprise Sdn Bhd 56,600,000 14) Berjaya Times Square Sdn Bhd 55,881,000 15) Berjaya Bright Sdn Bhd 88,083,000 16) B & B Enterprise Sdn Bhd 768,700 17) Berjaya VTCY Sdn Bhd 59,891,176 18) MOL.com Sdn Bhd 2,200,000 19) Berjaya Retail Sdn Bhd 14,000,000 ----------------------
Be patient and the reward will arrive eventually. Go about your daily chores and ignore the noise here. The end is near and its a given. Its a steal at current prices. All you need is money and patience in this stock, cheers.
Growing melons beneath Huangtai, Hanging heavily, many grow ripe, Pick one, the others will be fine, Pick two, fewer are left on the vine, If you want to get yet another one, That’s where we must draw the line, For if there is any more reaping, You will end up with an empty vine.
Very correct loh...so not let pondan ...pondan u to sell loh...!!
Posted by 乘风破浪低买高卖 > Aug 24, 2019 12:54 PM | Report Abuse
Bjland is seriously under value ,stock price volatile is normal ,to sell a stock only when the reason to buy is no more valid or you have much better choices. or ignore noises ,just sit down there do nothing . wait.
Remember a knife cuts both ways.. pressed to 15 sens already lost RM500 million, if pressed to 5 sens even VT will lose his pants, as he is not the only one who could afford to Buy, there many others waiting for this chance that comes once in every 10 years.
The difference is VT only has 56% BJCorp vs 85% BJLand so not that easy to press...anyway even a Fox wants it's day in the Sun..so the same with VT, very sure he also wants to be listed among the top 10 richest man in Malaysia comes 2020?
Note: VT was worth RM1.2 Billion in 2010, now left only RM770 million, come 2020 his Fortune might doubled/ to RM1.5 Billion or more.
The privatisation of BJLand is only the precursor of the real show that will unfold in the next restructuring of VT's empire. Make sure you place your bet on the potential monster multi-bagger in BJCorp after a successful wrapup of BJLand. Don't miss the main event.
VT directly owns 1.8% of BJLand and 21.8% of BJCorp respectively, so you can see where his efforts will be concentrated in. Cheaply acquired assets will end up with the later.
I believe the whole enlarged Berjaya Corp organisation will be revamped involving possibly breaking up, streamlining, and regrouping into several separate listed entities which are easier to read and appraise by the market. The murkiness in the reporting of the current setup will clear up as the reports of the new streamlined businesses will be more simplified and transparent as a result. Their values will be enhanced as well due to improved clarity.
This transformation will therefore be the key to unlocking the latent wealth in BJCorp.
Recall: "On the divestment of the Four Seasons Hotel and Hotel Residences Kyoto, he said the group is still in talks with several parties as it is looking for a “high” price for the property.
“Most probably we would sell the whole stake in the hotel but we still have over 20 units of residences that we might keep or sell later when the price is right,” he said.
Four Seasons Hotel and Hotel Residences Kyoto which officially launched in December 2016, built on land bought at low price in 2009 and fully paid for it, with the US$400 million development cost to be funded via bank borrowings.
“Once we sell the residences (out of 57 units, 37 units already sold in Dec. 2018, by Aug. 2019 most of 20 units left would have been sold with Japan Olympics in 2020! we would manage to pay the bank’s borrowing off and we will get free hotels (with FS Residences sold!, FS Kyoto Hotels is free!) plus cash,” he said.
The tycoon said the group also plans to list its hotel business, which it does not intend to sell and hold for the long term particularly its Malaysian hotels, and is still in talks with some minority stakeholders (minority foreign funds shareholders like Penta & Macquarie Bank?) on the move (Privatisation?) he group expects the divestment to be finalised soon.
At Four Seasons Kyoto on 29 Nov. 2016,, about 50% of the 57 hotel residences has been sold at US$5,000 to US$6,000 per square foot. Tan said prices for the remaining units will be higher. ttps://www.thesundaily.my/archive/2077748-MTARCH411592
Good points to note on Four Seasons Kyoto assets sale:
What it means? > With sale of 57 units of FS Kyoto Residences, BJLand already got the FS Hotels built with bank loans of USD400 million or RM1.68 Billion for free! That's 100% ROI! for BJLand/BJCorp.
> BJ Group plans to list it's hotel biz & already discussing with minority shareholders (Penta & Macquarie Bank). Hotels biz currently under BJLand (have to acquire thru' Privatisation before can proceed with the plan?)
#Four Seasons Hotel and Hotel Residences Kyoto which officially launched in December 2016, built on land bought at low price in 2009 and fully paid for it, with the US$400 million development cost to be funded via bank borrowings.
#“Once we sell the residences (out of 57 units, 37 units already sold in Dec. 2018, by Aug. 2019 most of 20 units left would have been sold with Japan Olympics in 2020! we would manage to pay the bank’s borrowing off and we will get free hotels (with FS Residences sold!, FS Kyoto Hotels is free!) plus cash!
#The tycoon said the group also plans to list its hotel business, which it does not intend to sell and hold for the long term particularly its Malaysian hotels, and is still in talks with some minority stakeholders (minority foreign funds shareholders like Penta & Macquarie Bank?) on the move (Privatisation?) he group expects the divestment to be finalised soon.
To Sengsoon, You have made an very wrong assumption on 15% of BLand volume is 75,000,000 shares. In fact it's 15% volume is of 750,000,000 shares. 10 times higher. Nevertheless, there are 8.67% BLand shares were held by two foreign fund manager, Penta and Macquarie Bank Ltd., total 433,300,00 shares. Therefore, retailer shares are 316,700,000 shares.
For VT to privatize BLand, his main concern is to convinced the above two major foreign fund managers to let go their shares with their reasonable exit prices. With their holding cost of RM0.80 to RM1.25 per shares, carried from their purchased of BLand loan stocks of RM5.00 per ICULs, converted into BLand shares; then split into 4 shares from Therefore, the best solution for the two foreign fund managers to accept should be share swap via BCorp. The latest share swap mode is 5 BCorp shares swap with 4 BLand shares (5x30 : 4x38). If VT like to take private via cash, he got to pay much higher price for the fund managers to accept. This method might not be an option for VT.
As mentioned by OceanSky, 15% of BJLand is 750,000,000 units. Thus if exit offer you said is RM0.35, that will cost RM262.5 mil to buy from minority shareholders. However, BJLand has RM800 mil cash which is equivalent to 16 cents per share is more than enough to buy back any time. But then it would not be successful as minority shareholders will not agree at this price. As mentioned by OTB, exit offer price could be RM0.50 to be deemed as reasonable which will cost RM 375 mil to buy back from minority shareholders. We have written complaint letters to Bursa to reject BoD of BJLand application to lower down public shareholding spread (less than 15%) and Bursa will make a decision soon. While the substantial shareholders do not want (so far) to sell even a single share out, you can imagine the outcome result.
What mentioned by OceanSky is possible true, that, for VT to privatize BLand, his main concern (problem) is to convinced the above two major foreign fund managers of Penta and Macquarie (especially) to let go their shares with their reasonable exit prices.
Maybe the FS Hotel sales has not been finalized yet. That's why the listing has not been removed yet?
But pls.note that there are 2 packages in the FS Kyoto Hotel & Residences development. * Four Seasons Kyoto Hotel main building (worth RM1.68 Billion) already paid for with the sale of 57 FS Residential Units and called free Hotel by VT * FS Kyoto Residences - made up of another 57 FS Residential Units separate from FS Kyoto Hotel (37 units confirmed sold by VT in Dec. 2018), balance of 20 units would have been sold by August 2019 * Some units listed by international property house maybe resale FS Kyoto Residential units by individual owners & not necessary BJ Kyoto.
Once the 57 FS Residential Units are sold, according to VT, the FS Hotel which is also available for sale for RM1.68 Billion is free to BJLand/BJCorp!
The FS Kyoto Hotel & Residences has: * 180 units of Residences (out of which 11 out original 57 hotel Residences are available for sale. * 123 hotel guest rooms.
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....
RosAng
412 posts
Posted by RosAng > 2019-08-23 15:15 | Report Abuse
Sell oso
88