Posted by William Ng > 2020-03-14 21:26 | Report Abuse

half years ago said delist soon,now march already..

Posted by kahhoeng > 2020-03-14 21:29 | Report Abuse

Err... VT mentioned delisitng idea during his press conference Dec '18, 15 months ago... Now bjland minorities not even informed of the kyoto four seasons proposed disposal details

Posted by wantanmi > 2020-03-15 00:14 | Report Abuse

Actually the sales of FSKyoto already completed & cash of RM1.87B received as announced by Maybank FM last week. The sales details and profit is available at link below:

https://www.nst.com.my/property/2020/02/570044/bcorp-selling-four-seasons-kyoto-rm187-billion

Posted by Eddysurge > 2020-03-15 13:50 | Report Abuse

My guess is TSVT being restrained by timing, new proposal or revival possibilities. Bjjand & bjcorp, even bjassets set up , actually what purpose & aimed, only he know. Raised fund through IPO platform is must, but other that .

Posted by kahhoeng > 2020-03-15 20:49 | Report Abuse

Wantanmi, you VT? I attended AGM for the past 3 years, I have to say, so far, disappointing! Promises made only to be broken, asset disposal without any sign minorities can have a dividend, big picture provided at best confusing...

Posted by wantanmi > 2020-03-15 21:55 | Report Abuse

Don't worry too much. Since u waited 3 years why suddenly so impatient? Fact is earlier VT has no liquidity but now things maybe be different since VT raised so much cash personally thru sale of stake in LAFC & at corporate level with cash sale of FSKyoto during bad times when cash is King! means something is cooking...just sit back and enjoy the ride :)

Posted by kahhoeng > 2020-03-15 23:37 | Report Abuse

wantanmi, I have waited more than 3 years. I'm merely expressing my view based on what you have said. If BJLand minorities have been informed on the Kyoto Four Seasons, I would have a little bit faith in VT. It would be even better if VT announced a special dividend in the proposed disposal as he had mentioned in the AGM. Unfortunately, he didn't. It's good to know the success disposal of Vietnam hotel, but it's not comforting knowing the money is spent to buy CHEAP Iceland hotel with 0 dividend declared when a dividend has been promised earlier. It is nice to have a press conference telling the media his plan, but it will cast only more doubt if they're not carried out.

VT can be rich from disposing his club ownership and Kyoto Four Seasons, but minorities have so far received NONE.

I read quarterly and annual reports, attending AGM and raise questions if needed. There's no doubt BJCorp and BJLand's balance sheets have improved greatly (even better if Iceland hotels were not purchased.) Jeju, China Great Wall, and Sungai Besi win will only further strengthen their book. Unfortunately, minorities can only share the success through share price gain and dividends. And, we minorities are not getting any thus far.

Posted by wantanmi > 2020-03-16 00:26 | Report Abuse

Its good of Mgt to confirm Berjaya ship have improved greatly in their balance sheet. What it means is that the ship will not sink anytime soon. Tq

Posted by Jeffreyteck > 2020-03-16 08:51 | Report Abuse

How possible is 0.10?

Posted by freetospeak > 2020-03-16 09:56 | Report Abuse

someone is buying this stock...strange...

Posted by freetospeak > 2020-03-16 09:57 | Report Abuse

this stock seems refuse to go down n someone is supporting it...VT?

Posted by Leong1982 > 2020-03-16 09:57 | Report Abuse

VT will want it the lowest possible for him to collect from weak holders....

Posted by Leong1982 > 2020-03-16 09:58 | Report Abuse

Don't forget 85% (officially) is in his hand already!

Posted by freetospeak > 2020-03-16 09:58 | Report Abuse

tot shld be 0.10 by now...

Posted by Leong1982 > 2020-03-16 10:19 | Report Abuse

please sell if you need cash. Boss will collect from you hahahahahaha

Posted by Eddysurge > 2020-03-16 14:55 | Report Abuse

Some organisation try to achieve preset target.

Posted by kahhoeng > 2020-03-16 15:53 | Report Abuse

Alas, excluding BJCorp and VT's holding, there's less than 750 million shares of BJLand in the market. Not sure if Penta sold its stake, otherwise, being a VT close ally, Penta should still hold on to some BJLand shares. If VT genuinely care for his minority shareholders, a 0.10 per share dividend will offer huge support to share price yet will see minorities taking ONLY LESS THAN RM 75 million with the rest back to BJCorp and VT. So, whether there's some organization trying to achieve preset target, VT negligence about his minorities interests is the ONLY reason share price failed to be stable.

Posted by Eddysurge > 2020-03-16 16:00 | Report Abuse

What I said is overalls Bursa companies falling in line, someone's regulate it.

Posted by Eddysurge > 2020-03-16 16:06 | Report Abuse

Now, appearing two options, sold and change better stock or holding until delisting vi guess.

Posted by kahhoeng > 2020-03-16 16:33 | Report Abuse

ooh...

Posted by freetospeak > 2020-03-16 16:39 | Report Abuse

someone is buying up bjland...something fishy...while others drop like hell..bjland always last minute up...

Posted by freetospeak > 2020-03-16 16:41 | Report Abuse

dun tell me dejevu again...last time VT share spike up a lot during stock crisis...is it going to happen again...?

Posted by freetospeak > 2020-03-16 16:43 | Report Abuse

i think jeju case going to be settled in favor of bjland soon...

Posted by freetospeak > 2020-03-16 16:46 | Report Abuse

VT is damn cash rich now ...he is very shrewd indeed...starting disposal major assets b4 the crisis...now damn cash rich...shrewd old fx

Posted by wantanmi > 2020-03-16 16:57 | Report Abuse

Somebody cash rich is buying...just sit back & enjoy the ride until parity is achieved for share swap?

Posted by kahhoeng > 2020-03-16 17:00 | Report Abuse

can only hope for a share swap into BJCorp share soon at 0.38/0.30 exchange plus a little of cash if VT is generous enough, sigh!

Posted by freetospeak > 2020-03-16 17:02 | Report Abuse

i am not promoting i jus point out something unusual...bjcorp keep dropping n bjland keep supporting
...think may b really a share swap coming...

Posted by kahhoeng > 2020-03-16 17:05 | Report Abuse

hopefully, BURSA and SC have failed BJLand minorities not insisting on share swap be extended to minorities in the last Penta deal... Sorry for misunderstanding your intention.

Posted by bahai4453 > 2020-03-18 02:05 | Report Abuse

VT is bullshitting from day 1 until now. He is considering shifting out all his major operations from Malaysia now ! If I'm VT , I will do the same.

Posted by OceanSky > 2020-03-18 08:52 | Report Abuse

Dear all,
With cahs payment of RM1.87 Billion to BjCorp group (of course 935 million flow to BjLand).
This is the best time ever for BJCorp to carry out share buy-back option.
They have mandate to buy back upto 10% of the total shares, which is 530 million shares.
They have collected 87.1 million, refer the above.
Take an average of 10 million shares buy back from market everyday.
They only need less than 45 days to complete this task.
This mean by next quarter report, scheduled to be announced by 30-05-2020,
They could be finish buying the 530 million, and make balance of BjCorp shares of 4,870 million.
The result of the share buy back will improve the NA of BjCorp from 1.23 to 1.33.
Up 10 sen, as the share buy back will cost them 20~23 sen per share.

Posted by OceanSky > 2020-03-18 08:53 | Report Abuse

Follow the above,
Is the above share buy-back "End-game" for BjCorp?

The answer is NOT.

BjCorp could have two options:

1) To distribute back those shares to the remaining share-holders;
Means distribute 1.1 share for every 1 share held at May-2020.
This will take some times, for notice to public and distribution exercise.

2) To cancel those share bought back.

Once either option was done, BjCorp could re-start the share buy-back again.

With option 2, the NA will up-lift from 1,23 to 1,33, then to 1,43, 1,53 ...

Of course, each round of share buy-back, will cost them RM120 million,
Believe two rounds of share buy-back is within the acceptable strategy.

Posted by OceanSky > 2020-03-18 08:57 | Report Abuse

Sad to say,
Even-though BjLand have the same cash back of RM935 million.

However, as VT and group have held 85% shares.
Any share buy-back will trigger the public split limit.
Therefore, we do not see any movement from BjLand.

Posted by wantanmi > 2020-03-18 09:08 | Report Abuse

Shareswap is the option for BJCorp to access BJLand's cash hoard and for BJLand shareholders to benefit from BJCorp shares buyback exercise as described above..that's why many buyers/syndicates are waiting for weak holders to sell...

Posted by kahhoeng > 2020-03-18 11:16 | Report Abuse

While you guys are writing as if BJLand is to/or have received 900+ million from the disposal, have you seen BJLand making such announcement? Have you seen what BJLand is proposing on the new fund? Aren't you guys worry? Since March 03, I have yet to received any BURSA announcement or a reply from BJLand's investor relation...

Posted by Jeffreyteck > 2020-03-18 11:32 | Report Abuse

I will consider to privatise it below 10.

Posted by wantanmi > 2020-03-18 11:38 | Report Abuse

"OceanSky,
BjCorp reported Kyoto Sales of RM1.87 Billion, (it is as group level).
The Kyoto Hotel is 50:50 split between BjCorp and BjLand.
Therefore, both BjCorp and BjLand shall share the cash payment of RM935 million each.
At the end of the deal, which have been done, each party have RM210 million nett gain.

This is the beauty of Listing announcement.

As BjLand hold 50% of Kyoto Hotel, but they only classify this Kyoto Hotel as Associated Co.
The reason is back to year 2015, BjLand have run out of cash/capital to continue on the
construction of the Kyoto Hotel. They seek for help from BjCorp, to take-over 50% shares of Kyoto Hotel and finish up the Hotel in year 2017.

Therefore, all the glory named under BjCorp, however the actual fruit will be shared among them."

Posted by OceanSky > 2020-03-18 16:15 | Report Abuse

Kahhoeng,

As Kyoto Hotel is an Associated Company of BjLand, by law no specific announcement required to be made by them for any event like selling of the Kyoto Hotel.
In fact BjLand has do one step ahead to also give their announcement during the selling.

Any release of the final result will be stated in the quarterly report at the end of May-2020.

However, as BjLand has actually hold 50% of the Kyoto Hotel, which is the real fact.
The 50% effective returns have already been back to BjLand.

Very unfortunate, as the market retailers not very clear on it's returns (as Kahhoeng asking).
The retailers have let go their precious at the very last minutes (at this moment).

Hope that all retailers could sit tight and hold on, as the cash proceed is even higher than the market capital of BjLand present value.

Posted by hng33 > 2020-03-18 16:24 | Report Abuse

bought bjland at 12.5-13sen

Posted by wantanmi > 2020-03-18 16:44 | Report Abuse

OceanSky We refer to below:

We refer to the announcement dated 28 February 2020 in relation to the Proposals.

On behalf of the Board, Maybank IB wishes to announce that the Disposal was completed today following the settlement of the Total Consideration by the Purchaser in cash and BKD has on even date entered into the Lease Agreement with the Trustee and the Purchaser.

This Announcement is dated 10 March 2020.

Therefore, it is sure that full payment received, as at above.

Posted by kahhoeng > 2020-03-18 16:59 | Report Abuse

OceanSky, a 900 million disposal is significant, even if its just an associate company! BJLand has failed to provide a detailed analysis on the impact of this fund. Meanwhile, VT has mentioned dividend upon the disposal, yet, we minorities have heard nothing at BJLand level. BJLand has less than 750 million shares in public's hand. a 0.10 dividend cost BJCorp a mere 75 million, or 80 million since VT's holding is personal. If a majority shareholder won't even share 80 million given 900 million disposal, how on earth would minorities dare to invest? It's akin to throwing fish to crocodiles...

Posted by kahhoeng > 2020-03-18 17:15 | Report Abuse

of course, I am not asking VT to share 0.10 dividend with us, but at least something as he promised, 0.01 - 0.05 dividend will also be fine, so long he honor his words! Plus, be transparent...

Posted by Eddysurge > 2020-03-18 18:02 | Report Abuse

Sigh! Investors confident shaking. Money is king. Outside there same situation.

Posted by OceanSky > 2020-03-18 18:31 | Report Abuse

Kahhoeng,
The company announcement is by Law.
As Kyoto Hotel is an Associated to BjLand, by Law they does not need to declare any news.
However, we shall appreciate they have done their announcement on 28-02-2020.
At the same day, they did make announcement to claim that they could share profit of RM210 mil.

Further details, anybody could refer to BjCorp announcement.

As retail investor, we got to sit tight and understand each move of the major share-holder.
Regret to say, VT will not act according to minority request.
He will only plan forward his final goal to merge BjLand into BjCorp.

What minority shall focus is on the closing deals of Jeju and GMOC.
These two deals will bring in full proceeds to BjLand, not to BjCorp.

Pay attention to Jeju case, as BjLand have done full impairment on the investment.
Any agreed amount shall deem as 100% profit, if RM600 mil is RM600 mil profit,
If RM1 Billion settlement it will be RM1 Billion profit.

It will be much important deal as compare to Kyoto Hotel.

Posted by OceanSky > 2020-03-18 19:04 | Report Abuse

Kahhoeng,

Like to quote one example related to Associated announcement.
Does anyone notice that BjLand have taken up right issue of Informatic Ltd, and finally it become subsidiary company of BjLand ?

That event happened in Q1, however beside statement on Q1 report.
There was no announcement on it.
It simply the same practice by BjLand.
However, nobody has questioned it as it is not an major event I believed.

Posted by kahhoeng > 2020-03-18 19:16 | Report Abuse

OceanSky, the right issue amount is small, Kyoto Four Season is a 900 million disposal, way more than BJLand market cap...

Posted by bahai4453 > 2020-03-19 08:27 | Report Abuse

Can Berjayaland hit before 10 cents this week ?

Posted by Leong1982 > 2020-03-19 10:03 | Report Abuse

5 cents also possible la haha

Posted by kasinathan > 2020-03-19 10:58 | Report Abuse

8 cents is more likely lah

Posted by kasinathan > 2020-03-19 11:00 | Report Abuse

5 cents start from April when the pandemic rocking the entire world

Posted by Eddysurge > 2020-03-19 11:31 | Report Abuse

Sad to bjland ,only worth 5 cents at market book value. Remember to write at Guinness world records.