Posted by Eddysurge > 2020-02-15 20:14 | Report Abuse

Dear Oceansky, I no get it why bjland, bjcorp, bjasset market price decline so drastically and recovery too unseemly?

Posted by Eddysurge > 2020-02-15 20:16 | Report Abuse

A bit surprised and suspicious why bjmedia can easily tumbled?

Posted by roundcateye > 2020-02-15 20:32 | Report Abuse

Thanks for clarification, Oceansky and others. Berjaya are all very tired companies. BjToto, what happen to Vietlott?

Posted by Eddysurge > 2020-02-15 20:46 | Report Abuse

Oceansky, remembered ignissimis. A couple years ago, when bjcorp bought bjland from VT with expensive price, I tried to objection. But he praise the most regard the deal before market price gradually come at this stage. That time, bjcorp actually seem like extended hand helping bjland or VT.

Posted by OceanSky > 2020-02-15 22:31 | Report Abuse

Eddy,
Yup, that 10 x 70c BjLand to convert to 7x RM1.00 BjCorp LD + 7x free WC.
It is direct deal for PENTA to exit, as there is no liquidity to dispose BjLand.

Later, early last year to convert PENTA BjLand shares to BjCorp shares, with ratio of
5x BjCorp shares for 4x BjLand shares.

Later the conversion, PENTA left with 366 Million BjLand shares, as at 31-03-2019.
However, as per 30-10-2019 Annual Report, those shares were gone.

Which means in 6 months time, PENTA have escape from local market.

The left-over is us and them.

Posted by OceanSky > 2020-02-16 09:54 | Report Abuse

Now,
15% market spread = 0.15 x 5,000 mil = 750 mil.
To delist BjLand, need 90% acceptance; if more than 10%, 75 million shares not accept.
MGO will not be easily passed.

From annual reports, the number of share-holders were increased from
5,593 (2017), to 6,186 (2018), to 7,811 (2019).

Much more retail players rush into this stock, plus hardcore holders carried since 2012, with cost more than RM1.20 each. To attract them to accept MGO, the offer price could be high.

Posted by DickyMe2 > 2020-02-16 09:57 |

Post removed.Why?

Posted by Tan2435 > 2020-02-16 09:58 | Report Abuse

Dick - Mxxx Pxxxx

Posted by Eddysurge > 2020-02-16 11:31 | Report Abuse

By the way, this mega plan mention yet didn't bring any contribution to bjland so far, only see the market price stagnant and rebalancing loan approvals by bankers. Is it Syndicate( s ) work? Icelandair hotel investment, Okinawa investment, Myanmar investment, Local Tropical high theme housing investment can bring relief to bjland short term or create more burden. Please do more study!

Posted by Eddysurge > 2020-02-16 11:38 | Report Abuse

Bjland indeed do big, fund also sufficient.

Posted by Eddysurge > 2020-02-16 12:38 | Report Abuse

roundcateye queries where is Vietlott gone?? Bursa please clarify since announcement been made by you. Anyone can help ? Otherwise , Bursa also allegedly involved.

Posted by Eddysurge > 2020-02-16 12:58 | Report Abuse

Existing bjcorp shareholders can file case to any government agencies if bursa Malaysia didn't respond due to cause loss believing the vietlot existing where there is no sufficient news?

Posted by OceanSky > 2020-02-16 15:15 | Report Abuse

Vietlott revenue and result were always presented in every quarterly report.
Under A7, Segmental report.
Gaming sector.

The Revenue:
The external sales of BjCorp - (External Sales of BjLand) + InterCo Sales of BjCorp

The Profit Result:
The Result of BjCorp - Result of BjLand

We found that the revenue is not impressive, believe that BjCorp only recognize service sales to Vietlott; not the full sales of Vietlott to public.

As mentioned by Director at BjCorp AGM, August 2020 Vietlott launched new games.
Which have double up the sales of Vietlott.

Let we review their result from this quarter report, and wish that this quarter Vietlott could
turn-around their result to making some profit.

Posted by Eddysurge > 2020-02-16 16:51 | Report Abuse

Anyway, wantanmi , a simple thank.

Posted by Eddysurge > 2020-02-16 17:00 | Report Abuse

Oceansky, wishes you longevity around here.

Posted by Eddysurge > 2020-02-16 20:58 | Report Abuse

Even you publishef a quarter report or yearly results report using professional fiscal/ legalize english language, how many layman can understand? Plus segment part a bit, a bit there, like playing hide and seek, normal man how can understand? Information also insufficient, better hired man like Oceansky than wasted money in scrap booklets & cd.

Posted by kahhoeng > 2020-02-17 10:00 | Report Abuse

Eddysurge Oceansky, remembered ignissimis. A couple years ago, when bjcorp bought bjland from VT with expensive price, I tried to objection. But he praise the most regard the deal before market price gradually come at this stage. That time, bjcorp actually seem like extended hand helping bjland or VT.


Eddysurge, with VT the majority shareholder of BJCorp, its no surprise BJCorp extending a helping to VT. What is surprising is the inaction of BURSA and SC. Its a real shame SC and BURSA didn't require the offer MUST be extended to other minorities.

Posted by Eddysurge > 2020-02-17 12:12 | Report Abuse

@kahhoeng, the annually report attached with resolutions actually is a failure system. To reflect fairness & effective at modern ages, the oldies should be abolish long ago. A vote for every shareholders is so vital for this conglomerate. Whenever the stakeholders at depository system, can use mobile app provided by bursa to record the voting. If any shareholders didn't respond, they're no entitled for any benefit yet or later with absent base.

Posted by Eddysurge > 2020-02-17 12:18 | Report Abuse

Bursa is only want to do business, they're lousy . Tun Mahathir, please .

Posted by kahhoeng > 2020-02-17 12:19 | Report Abuse

eddysurge, again, there's every reason for those benefitted from current system wanting to make sure the same benefits stay. Regulators should step in make sure firms making changes to encourage better representation and better investment environment. To me, BURSA and SC fail terribly in their roles, with minority interests not protected being the WORST!

Posted by Eddysurge > 2020-02-17 12:33 | Report Abuse

@kahhoeng, I'm nobody, but Oceansky the best candidate to ask.

Posted by Eddysurge > 2020-02-17 17:59 | Report Abuse

Please be understanding, cannot voice out so much at bearish market. Will give the syndicate (s) wrong perception .Besides, I'm nobody. With experts here I feel humble and listening to the right person.

Posted by Eddysurge > 2020-02-18 08:38 | Report Abuse

I studied deeper Oceansky formula exp The revenue & the profits results as written, any reader can understand the outcome. The best part is Oceansky did give expert conclusion.. Even government agencies also tired with figures provided. Where's the sources come and references and verified.

Posted by Eddysurge > 2020-02-18 08:51 | Report Abuse

What's Oceansky illustrated is considered good enough., but without conclusion, the reader only can wonder & guessing.

Posted by Eddysurge > 2020-02-18 09:04 | Report Abuse

Regarding market price, what's the integrity of market price? The buyer & seller can gets offering discounted way or special profited price.

Posted by wantanmi > 2020-02-18 11:55 | Report Abuse

For a nobody u talked a lot..anyway the right forum to raise about Vietlot & its effect on BJcorp market price is BJCorp and not here..btw ar u "Aseng"? Lol

https://customsnews.vn/cooperation-with-berjaya-does-not-affect-the-ownership-of-vietlott-1817.html

Posted by Eddysurge > 2020-02-18 12:46 | Report Abuse

Forget about Bjcorp, let's you promote bjland. I'm nobody and who wantanmi here? Can we trust you?

Posted by Eddysurge > 2020-02-18 13:15 | Report Abuse

Dear wantanmi, I saw your comments at bjcorp regarding topglove boss, are you trying to mislead bjcorp shareholders. Remembered last time, Johor Sultan is major stakeholder of Bjasset, then now what's?

Posted by Sslee > 2020-02-18 16:37 | Report Abuse

Dear all,
For your action!
https://klse.i3investor.com/blogs/Sslee_blog/2020-02-18-story-h1483850146-SC_wants_you_to_participate_effectively_at_an_Annual_General_Meeting.jsp

Thank you

Posted by Eddysurge > 2020-02-18 17:05 | Report Abuse

@ Sslee, Malaysians are no good or bravery speaking at public forum, especially using standard English or debate with talented educated boss . The position and class can throw you 100 yards before you open mouth.

Posted by Eddysurge > 2020-02-18 17:07 | Report Abuse

As Education Minister ,Tun Mahathir should aware of this issue.

Posted by OceanSky > 2020-02-19 00:21 | Report Abuse

Dear all,
As mentioned before this.
We are awaiting good results from Vietlott side, at least give some profit in this quarter.

If refer to,
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

Share of results of associated companies, give us RM2.18 million
This is the first time after several quarters of BToto declare losses from it's Associated Company.

The above is based on assumption that the other major Ass. Companies (BAPI & Neptune) of BToto making break even result at this quarter.

As BToto only have 20% of shares at Vietlott's parent company, and BCorp hold the balance 80%;
This means BCorp could make RM11 million on Vietlott's parent company this quarter.
We shall wait for result on Bcorp to be release at next week.

Posted by firehawk > 2020-02-19 11:15 | Report Abuse

Hope so! thanks!

Posted by Eddysurge > 2020-02-19 15:31 | Report Abuse

bjland? How, after Jeju final compensation at Mar . Four seasons hotel sold or Olympics theme? Bjcorp finally privatisation bjland or Group restructure. Dividend spark low due to frightening to park , the consequence living high theme apartment provided by TSVT.

Posted by kahhoeng > 2020-02-19 15:44 | Report Abuse

What good profit from business operation or asset disposals is to us minorities if they were not shared? So the majority shareholder can propose 'unfair but reasonable' offer price to take co private with SC and BURSA keeping quiet? Or so the family of the major shareholders can collect fat pay checks claiming they have served the co well?

Posted by Eddysurge > 2020-02-19 15:49 | Report Abuse

bjland still more mega projects to run?? Can contribute?

Posted by Surewind > 2020-02-20 19:26 | Report Abuse

looking at the results, no face see. Need to dissect the report to see what depreciation or where they hide stuff.

Posted by gsi723 > 2020-02-20 19:55 | Report Abuse

VT tak boleh pakai one.... earn is private gain, loss is shareholder bear

Posted by firehawk > 2020-02-20 20:09 | Report Abuse

vt smiling ... after seeing all like frogs in hot pot but can do nothing .....

Posted by Eddysurge > 2020-02-20 20:34 | Report Abuse

Anyone surprised!! I don't at all. But needs to stay calm. Nothing either the syndicate (s). Karma one day.

Posted by kahhoeng > 2020-02-20 20:59 | Report Abuse

Its not an exciting quarter, quite expected... To me, details worth notice would be:

1. China Great Mall arbitration - expected outcome in the second quarter 2020.
2. Jeju Court case - delay until further notice ... err... a compromise expected soon?

Talk cock VT mentioned about selling Kyoto Four Season during 2 AGMs and one press conference, but only talk so far...

Posted by Eddysurge > 2020-02-20 21:10 | Report Abuse

Simple, you see daily market trading transactions. Gets pay and smile, later begging papa mama.

Posted by Eddysurge > 2020-02-20 21:15 | Report Abuse

Air asia worse, but bjgroup the worst. But next qtr how? See sign later.

Posted by gsi723 > 2020-02-20 23:09 | Report Abuse

bj stk so bad coz a lousy boss, always take minority for granted...

Posted by wantanmi > 2020-02-21 00:12 | Report Abuse

https://www.thesundaily.my/business/berjaya-land-posts-rm1119-million-pre-tax-profit-in-second-quarter-HI2028449

Posted by bahai4453 > 2020-02-21 00:28 | Report Abuse

Wantanmi are sure BJland made money RM11.19 million or the news is fabricated by the stupid media.? see below
BJLAND] QoQ Quarter Result on 2019-12-31 [#2]
Stock [BJLAND]: BERJAYA LAND BHD
Announcement Date 20-Feb-2020
Admission Sponsor -
Sponsor -
Financial Year 30-Jun-2020
Quarter 31-Dec-2019 [#2]
Profit Trend QoQ - -964.47% YoY - - %
Quarter Report

Posted by bahai4453 > 2020-02-21 00:36 | Report Abuse

Better to declare bankrupt. This type of losing-money company. Still can take on oversea projects.
#Do you trust and still had fate on berjaya land to perform regularly# ?

Posted by Superb99 > 2020-02-21 06:38 | Report Abuse

Super Poor result....useless counter

Posted by Surewind > 2020-02-21 08:39 | Report Abuse

The sun is owned by Berjaya Media, this is why media should be transparent. What they say is not wrong they made 11.19 million profit is pre tax profit but excluding depreciation and their impairment.

RM11.2m for GMOC arbitration and RM 3.2 for building and equipment. Profit become lost, power of accounting.

Posted by OceanSky > 2020-02-21 09:19 | Report Abuse

Dear all,
The Sun Daily stated Berjaya Land posts RM11.19 million pre-tax profit in second quarter.
It is not wrong.
However, once deduct the taxation oof RM42.72 mil, the result become loss after tax (RM31.5 mil)

Furthermore, it was consolidated result inclusive of BjToto (with HR Owen's result).
Once remove the Non-controlling interests of BjToto (with HR Owen too) of RM32.2 mil.

The nett loss after tax on Parent (menas BjLand Company) is (RM63.73 mil), 1.28 sen per share.

Let's study A6, segmental results, as the results were accumulated, while read you must break those results into each quarter's result for your comparison.

Both Toto betting and Motor retailer (HR Owen) results remain unchanged.
Hotel getting stronger but not much impact.
However, Property arm giving poor result, loss (RM32.8) mil vs loss (RM27.7) mil at Q1.
The worst was, Clubs and others, loss (RM41.82 mil), vs loss (RM2.15 mil) at Q1.

Now you could see the losses of (RM63.73 mil), mainly from the above.