oui satay dude, nobody or even the regulators have any proof if Vincent had 90% stake. I was the one who anticipated since the latest annual report missing the 4 plus % of penta.
indeed, many would certainly agree ytlland deal is the worst and again, in property stock, lu cant use nta as a guide to valuation.
not that many smart person will tell the world he would privatise his company at much higher price than the current trader price. this is all about gamble now.
bear in mind, we dont have any other major shareholder with 5% stake to against any unfair privatisation price. for example, if we have epf with 5.01 % in the board, epf has the right to block the deal if they think the deal is bad.
the latest foreign mutual funds show the foreigner only had less than 1% shares in bjland.
here only discuss your knowledge and experiences with 1 aim, making money
Just wondering YTLand is Ytland...BJLand is Bjland? One is a Bossku crony...a fallen star while the other is a Madey crony....a rising star! so where does the twain meets! unless it's a distraction from VT's Machais?
Another thing, two big institutions which are still holding BJL shares: Macquarie Bank Ltd. (Private Banking) is still holding 246.00Mil shares (4.92%) [Last update Jul2018] PENTA Investment Advisers Ltd. (Hong Kong) is still holding 166.19Mil shares (3.32%) [Last update Mar2019]
I doubt above information is correct! The above information is accurate ONLY before the Penta's latest deal. After which, there's no one who can tell, and there's possibility Macquarie/Penta have sold their remaining shares in BJLand...
Just wondering...if Macquarie & Penta already sold their 8.22% shareholding in open market during the last sell down which even VT couldn't resist, leading to the 85% breach of SC's requirements...who got the lion's share since VT only managed to increase his direct shares in BJLand to only 1.99%? That person could be the King maker?
simon2020, you got it wrong altogether! The 4.92% and 3.32% refers to Penta's total holding BEFORE the latest exchange into BJCorp shares. After which, Penta's total holding is less than 5% and NO LONGER required to announce any addition or disposal of BJLand shares. If Penta's holding is currently more than what's left after disposal to BJCorp, then Penta has been buying again. If less, than Penta has been disposing what's left. Given price drop on volume, the chances Penta has been disposing BJLand shares in the market is rather high. Question then, WHY Penta didn't sell all to BJCorp then?
if Penta didn't dispose any BJLand shares post transaction, it would be even more interesting... Who's selling to take BJLand down to current level from close to 0.30?!?
skyu :oui satay dude, nobody or even the regulators have any proof if Vincent had 90% stake. I was the one who anticipated since the latest annual report missing the 4 plus % of penta.
Aseng : what wrong I agree with you anticipation and use the figure 90%for common sense analysis
indeed, many would certainly agree ytlland deal is the worst and again, in property stock, lu cant use nta as a guide to valuation.
Agree: I prefer net net valuation is more appropriate with a discount of at least 30% for bad sector sentiment
not that many smart person will tell the world he would privatise his company at much higher price than the current trader price. this is all about gamble now.
Aseng : of course it is a gambling and we are happy to gamble because see the probability to win is high with the assumption VT is now holding at 90% or more
bear in mind, we dont have any other major shareholder with 5% stake to against any unfair privatisation price. for example, if we have epf with 5.01 % in the board, epf has the right to block the deal if they think the deal is bad. the latest foreign mutual funds show the foreigner only had less than 1% shares in bjland.
Aseng : i never hope any strong hand will give a weaker hand a helping hand . if you see they are there , the the future is brighter
here only discuss your knowledge and experiences with 1 aim, making money
Aseng : knowledge and experiences is important but if you dare not bet a good bet and demanding for a sure win bet , then God also can't help you
I am just a small businessman selling satay at my Taman, please forgive me if the above replies sound crude to you . I hope you keep on sharing your views , good or bad , right or wrong , doesn't matter , we learn from each other and make our common sense deduction come closer closer to the right direction
I glanced through some useful information shared by sdf2000 and shortinvestor77
It is not true that the big boy can do whatever they want to bully the minority The whole process is monitored or governed well by SC and also there is a body called independent adviser to evaluate the offer price so that it is fair and reasonal
So the fear that the big boy will slaughter the minority until there is no meat left is unfounded.
I am now more confident our decision to trade bjl is right.
Thank you sifu Sdf2000 and shortinvestor77 for the useful knowledge you had shared with us Also thanks to those who voiced their fears, your caution severe a good motivation for us to know more about the taking over process Thank you, thank you. Good job Good lucks
Guys, we have a BJLand forum 10 member already started on 6/11, 2 days ago . Since today some members wanted more forces from all of you to join, please consider to. Whatapps no is 0109273299. TQ.
Some of the content in my wahapps group (reply email from Bursa) displayed: To assist shareholder to make informed investment decision, the LR also mandates the appointment of an independent adviser and issuance of an independent advice circular whereby the independent adviser must comment and advise on the fairness and reasonableness of both the withdrawal of listing and exit offer, which must include the reasons, key assumptions made and the factors taken into consideration in forming that opinion. The advice by the independent adviser includes advice as to whether the shareholders should vote in favour of the withdrawal of listing and exit offer. Towards ensuring that adequate disclosure/information is given to the shareholders, additionally Bursa reviews the independent advice circular vis a vis its Best Practice Guide in relation to Independent Advice Letters which was issued towards enhancing disclosures and improving quality of independent advice circulars to better empower shareholders with quality information to make informed investment decisions.
And also: when you see 1) Top 30 shareholders are VT related, ( where got public listed company top 30 shareholders are the boss owned) 2) VT acquired more shares and continue to break lower public shareholding spread WITHOUT SELLING A SINGLE SHARE OUT and break 15% treshold (where got substantial shareholder like that) So the EXIT/DELISTING OFFER is coming soon.
your generosity to share with us valuable knowledge related to our investment in BJL already build you a good karma for your future more successful investment .
honestly speaking I do not understand what you want to deliver it sound to me you demand thing the way you want nothing is perfect it can be more perfect to one if he demand less
This just an old satay man talk nothing to do with religious teaching
I believe many who come here agree BJL is a good bet
i am confident to say here that based on all the valuable information we had gather here
the probability of success is not less than 90%
the truth is , that is my own theory derived from many years of trading and conversation here
NOT EVERYONE DESERVED TO WIN BIG. THE UNDESERVED ALWAYS CAN NOT WAIT LONG ENOUGH TO SEE THE SUCCESS
talking about "wait"
everybody know the time is getting near nearer to the final call
it is a wait but definitely not a long wait
because QR is end of this month and AGM is early next month
do you thing the small ikan bilis are really that stupid that they will not they not get some clarification in the AGM . but remember we are doing business not a judge VT is right or wrong
Anyway do always remember that Uncle Tan may have 85% control of BJLand (with direct interest of 1.99%) through BJCorp, but only has 56% control in BJCorp which owns majority of BJLand. At the end of the day Uncle Tan may consider a share swap similar to earlier Penta deal with some cash as a sweetener? That's maybe the reason why BJCorp is disposing BJToto shares in open market to raise cash for what?
Another thing, two big institutions which are still holding BJL shares: Macquarie Bank Ltd. (Private Banking) is still holding 246.00Mil shares (4.92%) [Last update Jul2018] PENTA Investment Advisers Ltd. (Hong Kong) is still holding 166.19Mil shares (3.32%) [Last update Mar2019]
As at 1 Oct 2019, both Penta and Macquarie were not among the top 30 largest shareholders according to the 2019AR. I can only imagine that perhaps the 488 million shares that may be in the hands of foreign funds at one time earlier this year could be in the hands of shareholders friendly to VT now.
I feel VT will make his necessary moves and declare control of more than 90% of all the outstanding shares when he is ready leading to suspension of trading and sit on it for the BJLand to be delisted. Then he will make a reasonable offer that you won't refuse. A nicer scenario could be a reasonable offer after suspension of trading but not waiting for delisting. A reasonable offer being not less than 38c a share.
As at 1 Oct 2019, both Penta and Macquarie were not among the top 30 largest shareholders according to the 2019AR. I can only imagine that perhaps the 488 million shares that may be in the hands of foreign funds at one time earlier this year could be in the hands of shareholders friendly to VT now.
Confirm they own less than 1% now, otherwise they will appear in top 30 largest shareholders
few days ago i remember someone shared a summary of the terms and condition of the take over by a big player who is holding the company shares from 33% to 90% in chinese, is it you are the one who shared here . do you mind to paste the link here again .
https://www.sinchew.com.my/content/content_2120127.html skyu conclusion, bjland will not in their watchlist especially since the agm in December. it translate to nobody is willing to raise the public spread issue. for those can read Chinese, I will post the shares ownership of a company relating to takeover or delist.
If BJL really resurrecting from current situation, BJC which is holding about 77.72% (Direct + Indirect) should be able to follow also. The son will bring the mother share up I believed. And I believed alot of BJL investors are also invested in BJC, and some in BJMedia and Redtone.
Talking about BJMedia, yesterday was 7th Nov and today is 8th Nov. What is the final conclusion? Delist? OR appeal being approved by Bursa regarding the Singer as the white knight?
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Aseng
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Posted by Aseng > 2019-11-07 15:35 | Report Abuse
What was the market price of ytl land then?