Profit margin and dividend and even privatising BJLd , How much can you get (that said with 0.19) ? By comparing with those banking and high-tech counters, you think wise to invest in this stupid counter ? VT being lying and and sleeping for past few years, do you think it is wise enough to put your money here at this particular period when you need cash to survive ?
I think can start buying in already with extra money, although i bought small amount already. But dont all in la, still have alot of better stock available in the market.
Kahhoeng, when is the extension deadline for bjland to make a decision to privatise or further extend the period by May? Looks like the boss is speeding up to privatise BJLAND soon
The last time BURSA disapprove less than 15% liquidity, BJCorp has disposed shares to meet the requirement. With the recent purchase, BJCorp has again seek BURSA to relax the requirement. Hopefully, BURSA will not agree to it and BJCorp not disposing shares again to meet that BURSA ruling...
This counter is the cancer of Bursa ! If VT want to privatise BJland, why should he seek Bursa to relax the requirement ? His intention ? Pity those guys threw so much money here and get zero return for almost few years. Outside from here some punters are making tons of money by investing in those the volatile counters by trading in and out, hahahaha...
+++++++++++++++++++++++++++++++++++++++++++++++++ @kahhleong : The last time BURSA disapprove less than 15% liquidity, BJCorp has disposed shares to meet the requirement. With the recent purchase, BJCorp has again seek BURSA to relax the requirement. Hopefully, BURSA will not agree to it and BJCorp not disposing shares again to meet that BURSA ruling... 31/03/2020 8:05 AM
The Board of Directors (“Board”) of Berjaya Land Berhad (“BLand”) wishes to announce that BLand and its unlisted subsidiaries had acquired the following listed shares in the open market during the period from 17 May 2019 to 30 March 2020 for a total cash consideration of approximately RM26.02 million (“Acquisitions”)
OTHERS ACQUISITION OF 75% STAKE IN ICELANDAIR HOTELS EHF, HLJOMALINDARREITUR EHF AS WELL AS CERTAIN HOTELS AND REAL ESTATE ASSETS ("ACQUISITION")
BERJAYA LAND BERHAD
Type Announcement Subject OTHERS
Description ACQUISITION OF 75% STAKE IN ICELANDAIR HOTELS EHF, HLJOMALINDARREITUR EHF AS WELL AS CERTAIN HOTELS AND REAL ESTATE ASSETS ("ACQUISITION")
We refer to our announcements dated 15 July 2019, 24 December 2019 and 28 February 2020 in relation to the Acquisition.
The Purchase Consideration for the Acquisition was USD55.31 million of which a total of USD35.0 million has already been paid to the Seller, leaving a balance of USD20.31 million.
The Board of Directors of Berjaya Land Berhad wishes to announce that the Seller has granted a discount of USD10.0 million due to the temporary adverse economic effects of the COVID-19 outbreak and the amount of the discount has been netted off against the outstanding balance of USD20.31 million. The final net balance due amounting to USD10.31 million was paid on 3 April 2020 and the Acquisition was completed on even date.
Discount of USD10 million from the purchase of icelandair hotels. Uum, similarly if buying this stock now, one may get about 70% dicount from around 0.70 5 years ago.
The recent incremental shareholding by TSVT and SBB by BJLand could be coming from the offload from Dimensional Fund Advisors LP (at the beginning of April, DFA still holding around 21M shares). Interesting that some Fund Managers start buying BJCorp, e.g. SSgA Funds Management, Inc.,Dimensional Fund Advisors LP, etc. at the beginning of April. Perhaps there are something brewing which we are not aware of.
Folks, this counter is just a below 20 cents counter. It is wasting to talk about it. Let them do what ever they like. There is hundred over counter to make money. Just forget misai's bull and cock stories and promises. Covid-19 is a virus to punish those pray to god and did bad things.
Eight months ago, I was played out by ultra rich syndicates instead of going up he pull handbrake n push down instead .I believe many retail investors loose their underwear . Don't play2 ya. Holding power is d only solution.
Syndicates selling BJland even cheaper than one egg. So I3 investors especially the newbies should buy now before the share shoot up. Be an early bird.
Vt just cannot sell cheap to u. If every I3 investors will to jump in, This will delay his Privatization Plan. I think oldbies will understand. The most important now is to buy as many as u could so that VT cannot hold 90% . If he hold more than 90% , then the retail holders will have no bargain power. So pls hold tight . If I am not wrong Privatization is OTW very soon
Yup! ATM 2.3% are held by retail & 8.9% by institutions such as Macquirie Group (4.93%), Goldman Sachs (2.59%) & Credit Suisse (0.96%) Making a total of 11.2%.in public hands. The rest mostly held by VT related companies & individuals?
On the 21/3 just after MCO, there were 3% retail vs 2.3% now. Looks like most of the contra players & weak holders has been weeded out. The reduction of 0.7% retail went to public companies probably BJCorp & BJLand. Increase from 80% on 21/3 to 80.7% on 16/4 through sharesbuyback almost everyday.
Yup! NTA is relative. What's matters is BJCorp needs the cash going to BJLand from Jeju Korea compensation & GMOC Beijing SkyOcean arbitration due anytime now... The only way to get the cash is through shareswap since almost parity with BJCorp.
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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....
wantanmi
309 posts
Posted by wantanmi > 2020-03-27 21:22 | Report Abuse
Very interesting...BJCorp's shareholding in BJLand already 73.363 + 4.295 = 77.658%?
Direct (%) 4.295
Indirect/deemed interest (units) 3,660,374,996
Indirect/deemed interest (%) 73.363
Total no of securities after change 3,874,674,996