Posted by bahai4453 > 2020-06-11 13:22 | Report Abuse

Wah hahaha... qtrs made 144 M but share prices going down. Better go private, 烂焦公司懒觉股。



********************
Bland ownership Already breach 90% loh....privatization is a matter of time loh...!!

Collect....collect & collect mah....!!
10/06/2020 2:06 PM

Posted by wantanmi > 2020-06-11 13:37 | Report Abuse

Yup! See who has the last laugh? :)

"BLand is pleased to announce that GMOC has on 21 May 2020 obtained a favourable arbitration award from the HKIAC (“Final Award”), details of which are as follows:-

(i) Beijing SkyOcean shall pay to GMOC the outstanding balance amount of RMB974.07 million;

(ii) Beijing SkyOcean shall pay liquidated damages on the outstanding balance amount calculated at the People’s Bank of China’s lending rate of 4.75% per annum from the payment due date of 28 November 2017 until the date full payment is made;

(iii) The Guarantors shall be jointly and severally liable for the amounts payable by Beijing SkyOcean under the Final Award; and

(iv) The Respondents shall jointly pay legal costs of about RMB15.9 million (or about RM9.72 million) and arbitration costs of about HKD3.96 million (or about RM2.23 million) within 30 days after issuance of the Final Award, failing which late payment interest at 8% per annum shall be charged from the due date until the date of actual payment.

GMOC will proceed to seek recognition and enforcement of the Final Award in all relevant jurisdictions after 20 June 2020, upon the expiry of the 30 days’ voluntary settlement period stated in the Final Award."

https://www.klsescreener.com/v2/announcements/view/3164123

Posted by 5354_ > 2020-06-11 13:49 | Report Abuse

Better sell no dividend except more directors fees.

Posted by wantanmi > 2020-06-11 13:52 | Report Abuse

Yup! Sell more pls! Many are waiting to collect cheap from operators....

https://www.thestar.com.my/business/business-news/2020/05/27/berjaya-land-china-subsidiary-wins-rm595m-suit

Posted by bahai4453 > 2020-06-11 14:44 | Report Abuse

Yes sell and run,
They will sure make use of their profit to buy their boss non-profitable company such as Singer. For those minor share holders end of the day get nothing, either from the dividend or the share prices itself.
VT will make promises every years to entertain you all, made you all happy and keep the share and start dreaming day and night that some days later will get some good returns.

Posted by Jeffreyteck > 2020-06-11 15:27 | Report Abuse

Still well supported. VT is good to create LT investment.

Posted by shortinvestor77 > 2020-06-11 17:01 | Report Abuse

Ah. Cannot go down even though other counters go down.

Posted by bahai4453 > 2020-06-11 18:25 | Report Abuse

With so much good news still can not go up. If dropped further they better hang themself and close shop.

Posted by tahong > 2020-06-11 20:45 | Report Abuse

Operators r so generous to sell cheap . Keep buying folks to prevent VT to from getting 90% controlling stakes

Posted by roger3210 > 2020-06-12 07:03 | Report Abuse

Buy

Posted by Jeffreyteck > 2020-06-12 08:59 | Report Abuse

Est Q2 results will write off Q1 profit totally. Unless goreng or vt is generous enough, should trend down.

Posted by simon2020 > 2020-06-12 10:09 | Report Abuse

Opportunity to buy cheap..BJLand will write back impairment of RM600 million gains in the next Qtr as profits once the money from GMOC Arbitration payment of RM650 million comes from Beijing SkyOcean Arbitration due on 20 June.

Back in Dec. 2017 when the impairment was announced, BJLand price was around 48 sens...since the impairment loss will be reversed, the price of BJLand should retrace back to former levels..

https://www.thestar.com.my/business/business-news/2017/12/28/bcorp-swings-into-the-red-on-impairment-provision-and-disposal-loss

Posted by WilburR2 > 2020-06-12 10:38 | Report Abuse

ok will buy

Posted by WilburR2 > 2020-06-12 10:51 | Report Abuse

0.175 lol

Posted by WilburR2 > 2020-06-12 10:52 | Report Abuse

no need to rush just buy

Posted by WilburR2 > 2020-06-12 10:55 | Report Abuse

buy slowly

Posted by kahhoeng > 2020-06-12 11:06 | Report Abuse

No dividend no privatisation deal, how to invest?!?

Posted by simon2020 > 2020-06-12 11:44 | Report Abuse

Yes slow and steady will retrace back the gains when the impairment of RM600 million which was written against earlier BJLand profits to make into earlier losses..no privatization now even better as VT will have to pay more later on..

Posted by Sslee > 2020-06-12 19:08 | Report Abuse

For your attention:
https://klse.i3investor.com/blogs/Sslee_blog/2020-06-12-story-h1508759077-Justices_for_minority_shareholders.jsp

Posted by Leong1982 > 2020-06-12 20:39 | Report Abuse

Collected a bit at 17c, thank you very much.
Next week, tekan lagi, thank you very much x 100

Posted by bahai4453 > 2020-06-13 20:51 | Report Abuse

Aiya，what the BOD talk and promises all are rubbish. who care ? Down on the lines they been doing it for quite sometimes. Nobody cares including Bursa.

Posted by Leong1982 > 2020-06-15 11:31 | Report Abuse

Will Berjaya Land get back the compensation from China this week?
We minor and poor shareholder are also entitled to know la

Posted by Lam LH > 2020-06-15 14:48 | Report Abuse

dow futures drops 800 pts

Posted by kahhoeng > 2020-06-15 17:32 | Report Abuse

Think the last day for the buying party of Great Wall has to pay is June 20, which is this Saturday. Only after no payment by then can BJLand take action to collect, just don't know how???

Posted by bahai4453 > 2020-06-15 17:52 | Report Abuse

Bergagal corp hahaha........

Posted by kahhoeng > 2020-06-15 23:02 | Report Abuse

Dear Lydia,

Err... After the email sent earlier (attached) requesting further information into the Kyoto Four Season disposal, I have spent some time reading into the announcement made by BCorp pertaining the disposal of Kyoto Four Season (link as follow.)

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3055930

It seems that BCorp is planning to use RM 1.218 billion from the disposal proceed to pare down debt at BCorp level while an additional RM 329 million to pare down debt at BLand level. Isn't the joint venture a 50-50 ownership by both BCorp and BLand? Curiously, exactly how much is BLand expected to receive and how's that differ from its 50% ownership?

Thanks in advance.


----- Forwarded Message -----
To: Berjaya. Com. My-Media <media@berjaya.com.my>
Sent: Monday, June 15, 2020, 10:36:58 PM GMT+8
Subject: Berjaya Land - disposal of Kyoto Four Season

Dear Lydia,

It's to my understanding that Kyoto Four Season is a 50-50 joint venture between BCorp and BLand, am I right? When reading through the most recent quarterly report of BCorp, I noticed that BCorp received RM 2.008640 billion from the disposal of Kyoto Four Season. Meanwhile, in the most recent quarterly report of BLand, I haven't noticed a similar cash flow from investing for BLand (RM 1.004320 billion from it's 50% ownership). May I know why? Furthermore, may I know what's BLand's BOD plan for said fund and if any dividend will be declared from such an outstanding sale of an asset?

Thanks.

Posted by kahhoeng > 2020-06-15 23:04 | Report Abuse

Curiously, BLand quarterly report provides no details of how BLand intends to utilize the proceed from the disposal of Kyoto Four Seasons nor show an incoming cash flow from investing pertaining to said disposal...

Posted by Leong1982 > 2020-06-16 09:44 | Report Abuse

Kahhoeng, i think that proceed is refelcted in Berjaya Corp cash flow statement?

Posted by simon2020 > 2020-06-16 10:01 | Report Abuse

That's the magic of creative accounting by BJCorp?

Anyway Lydia got some explaining to do.. in her reply to your enquiry on BJCorp/BJLand financial statements for latest quarter, since the share from FS Kyoto proceeds should be shared 50:50?

Posted by Leong1982 > 2020-06-16 10:12 | Report Abuse

who is the bastard selling at RM0.165 with the silly volume like "77,77, 77, 7, 7, 7,..."
I think this bastard must be a 67 person. hahaha

Posted by kahhoeng > 2020-06-16 10:19 | Report Abuse

Leong1982, clueless, but think has to do with classification. BCorp shows a 2 billion cash flow from investment because Kyoto is treated as a subsdiary while BLand doesn't show it because Kyoto is treated as an associate. Though, what's strange is the proceed is mainly used to pare down BCorp debt when its a 50-50 JV. Wonder why???

Anyway, already email Lydia and see what's the response. Probably will email SC and BURSA seeking an authority review into this. Kinda felt like BLand downplaying the effect of Kyoto disposal, hope not...

Posted by kelvin61 > 2020-06-16 10:27 | Report Abuse

Major shareholders that abuse their position and perform questionable use of funds and sales proceeds belonging to cross holdings have very little institutional following. That explains the ridiculous low price of BJLAND although the book value is 84 sen and not revalued. The BERJAYA Group of companies suffer from poor investors perception. It's a big disappointment for minorities and this is compounded when the Regulators are also sleeping on the job allowing VT to get away without performing an MGO when the threshold has been breached for so long.

Posted by Jeffreyteck > 2020-06-16 10:43 | Report Abuse

Still well supported. Trading play at best. Luckily I am not the authority as I will take gaji buta without doing important things but will organise jogging every year to ensure investors remain healthy.

Posted by Leong1982 > 2020-06-16 10:51 | Report Abuse

Jeffery, exactly, you know last year when they organized the Jogging event in KLCC, it was so poorly coordinated! Jam everywhere, the organizer got a lot of phone complains!!
They have nothing better to do liao meh?

Posted by Leong1982 > 2020-06-16 18:17 | Report Abuse

20 June is imminent, chinaman still cannot make payment??

Posted by roger3210 > 2020-06-16 23:52 | Report Abuse

Buy buy buy

Posted by OceanSky > 2020-06-17 09:12 | Report Abuse

Kahhoeng,

You are right, under BCorp Q3 report;

1, It shows RM 2 billion proceed from Kyoto (Form Investing Cash flow)
2. It shows RM 1.5 billion repayment to Bank (From Financing Cash flow; Q3-Q2)
From B8,
3. It shows RM 800 million & RM 90 million (long & short term) loan repayment on Japanese Yen.
4. It shows RM500 million Malaysia loan repayment.

We could say, The RM 900 million loan repayment under Japanese Yen, named under BCorp,
not under BLand, as Kyoto Hotel is only associated Company.

The balance RM 600 million, BLand portion is RM 300 million, and others under BCorp.

Posted by OceanSky > 2020-06-17 09:33 | Report Abuse

One interesting finding at BCorp Q3 report, B8, group borrowings.

From Kyoto prospectus, it did stated that after receive proceeds from Kyoto disposal.
BCorp will repay back RM1.5 billion to par down their group borrowings from RM6 bil to RM 4.5 bil.

However, the bottom line is RM 4.9 bil, RM 400 million higher.
Means in this Qtr, the group was draw down further.
However if we refer to BLand Q3 report, it's group borrowings has up from RM3 bil to RM3.3 bil.

This shows that the additional draw down was by BLand group, and report under BCorp too.

Posted by simon2020 > 2020-06-17 10:59 | Report Abuse

Looks good as there's significant debt reduction for Berjaya. Better days will come as BJToto resumes operations today. They will apply for special draws to make up for lost time..
https://www.theedgemarkets.com/article/btoto-magnum-advance-after-announcing-operations-resumption

Posted by Leong1982 > 2020-06-17 12:30 | Report Abuse

Look at YNH Property, a property developer from Perak, its market capitalization (RM1.69B) is close to Berjaya Corp+Berjaya Land (RM1.82B)...

MALU LAH MACAM NI....

Posted by Leong1982 > 2020-06-17 12:34 | Report Abuse

Buy YNH Property in 2010, RM1 in 2010 become RM3 today

Buy Berjaya Land in 2010, RM1 in 2020 becomes RM0.17 today

All retiree uncle auntie breakfast money all in longkang la

Posted by bahai4453 > 2020-06-17 15:36 | Report Abuse

masuk angin keluar asap.....hahahaha...dream land.

Posted by miniminer > 2020-06-17 17:57 | Report Abuse

While the share price is way under perform, I think BJland at it right startegy to recover under TSVT. Last Q 2.89 cents profit return per share, more $$ will be recover China and Korea.......once all receivable turn cash.....BJland become $ richer & attractive.......Jackport what not? no sure, but good to be part of richer & being attractive, I think there will be proposals once all the $$ in pocket, especially from the Senior who need more cash for international business.........hehehe...............

Posted by bahai4453 > 2020-06-17 20:35 | Report Abuse

Just merely a dream......dreamland. Typical china-man counter . Only taking care of themselves. If you like you may try another china-man counter in Hong kong Lee kah heng counter.

Posted by miniminer > 2020-06-18 22:53 | Report Abuse

Nampak macam ada diam-diam sapu, nampak tak ada lari kuat kuat lo........
Ini cerita macam "Sleeping bueauty diracuni apple" duk tunggu putera punya kissing.......hehehe............

Posted by Paulnga > 2020-06-19 10:18 | Report Abuse

Real penny stock counter！

Posted by bahai4453 > 2020-06-19 18:25 | Report Abuse

Real pennis stock counter??

Posted by kelvin17 > 2020-06-20 17:03 | Report Abuse

after such a good qtr results the price going lower , i think we waited too long and the minority share holders should take up with bursa and only through bursa they need to do what IS RIGHT AND PROPER eg share holder spread now silence again

Posted by somo1 > 2020-06-21 12:19 | Report Abuse

forget it. your fight or effort will go unheard. it's all futile! Either just sit tight with your stockholding or just sell it off, no other ways really, sad as it is.

Posted by bahai4453 > 2020-06-21 17:15 | Report Abuse

Back in 1996, BJcorp = 1.70++,, BJ Ind =1.42 and BJ Leisure = 2.41 and they are among the hot counters. But after 24 years you just look them (Ind & Leisure no more) they just look like shit now. Pennis counters.