BJLAND is still very cheap for privatisation at current trading price of 40 sen this morning. Even AT is making a cash takeover offer of Asdion for 50 sen which is loss making and with book value of only 2 sen. So, stay cool as the play have just started. I'm sure more buying will resume next week, cheers.
If you want to make good returns in the market for those holding for some time now,then hold as many stale bulls are selling out at current prices coupled with contra day traders dabbling on the stock for quick returns. Do not fear if you know the value of BJLand. There is not much free floating shares left for trading. Have FAITH.
@ laulau. Thanks for sharing in this space. Hopefully, the newbies will be more calm and hold on to their shares. Remember, BJLand is grossly undervalued and VT knows it. In fact, he has been buying back the shares for the past 6 years without any let up. So, stay calm, cheers.
01-Apr-2021 Insider TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN (a substantial shareholder) acquired 10,592,000 shares on 31-Mar-2021. 01-Apr-2021 Insider MR DEREK CHIN CHEE SENG (a company director) acquired 100,000 shares on 31-Mar-2021. 01-Apr-2021 Insider MR DEREK CHIN CHEE SENG (a company director) acquired 50,000 shares on 31-Mar-2021. 01-Apr-2021 Insider TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN (a company director) acquired 10,592,000 shares on 31-Mar-2021.
I hv a hunch a certain old gambling conman will suddenly show up over the weekend touting this rubbish, how its bleeding vietnam ventures are so gd la, so this la, so undervalued la...
Then when bilis all jump inside, he will UNLOAD 2 you all...LOL!!!!!!!!!
Hari Ini Dalam Sejarah Vincent Tan’s Berjaya Corporation Berhad (KLSE: BJCORP, stock-code 3395) has attracted punters and speculators for the last 2 weeks with great interest. The stock price more than doubled since end of September 2007 when the stock breached the resistance level of RM0.52 confidently and never look back. FinanceTwitter had blogged about the stock earlier as I was curious since the data from Bursa that showed Vincent Tan had acquired shares from Berjaya Corporation. Seasoned-players were not surprised with the soaring share price since Vincent Tan was known to be a master in frying his shares up during former premier Mahathir’s rule.
Fast Forward 10 years to 2018...in the Year of the Earth Hound ...
Now firmly in the driver's seat...Vincent Tan has started acquiring more shares in BJCorp & soon he will also acquire more shares in BJLand...
Will Vincent makes a series of announcements in 2018 to add excitement to BJCorp & BJLand to boost their share price $$$?
To raise funds for GE14 to gain political support for his pet projects?
We guess Uncle Tan subscribes to the maxim of Buy Low & Sells High...:)
Most of the BJCorp shares were transacted at the low price of 32 sens per share on the 14 th & 9th Feb, when Uncle Tan was busy acquiring BJCorp shares...
Soon we don't think you can get them at 32 sens anymore...as something is definitely brewing at BJCorp/ BJLand...since Bursa is still strong and now that...it's Reported that Parliament may be dissolved after Chap Goh Meh...so cannot wait until the next Qtr's results to Goreng?
"Let's say if BJCorp accounted only for Vietnam Property & Ritz-Carlton Residence Property Sales in the coming Qtr's results...the money added to profits should be in the region of : RM65 + RM708 = RM773 million or more?
* Vietnam Long Beach Phu Quoc Resort Project Sale of RM65 million
* Ritz Carlton Residences, Kuala Lumpur Project Sales of 60% x 1.18 Billion = RM708 million
"Mmmm...after all the negatives news have been discounted by the market...let's recap on the positives that could be reported in the coming quarter's results?
* Profit for Vietnam property sales? * Profit from Ritz-Carlton property sales? as most development costs has been accounted for earlier in the period it was incurred... * Compensation from Korean Government for cancellation of Jeju Property Project? * Early resolution on balance of payment from China Great Mall sales due to option for arbitration instead or court case? * Write back on earlier impairment costs? * Foreign exchange savings on loans... due to appreciation of RM? and the list goes on..."
Even The Chartist Thinks BJCorp Will Move Upwards in 2018 Soon?
Berjaya Corporation Bhd
I have mentioned previously that very likely BJCorp has completed its mega wave (2) correction after 7 long years of down-trend
I have mentioned about the divergence between price and OBV. Today BJCorp managed to break its upper trend line after gaining 1.5 sens and in the process it has formed five mini waves indicating the direction of a new up trend.
If its sub-wave i has only 5 waves then the magnitude is about there unless it is going for nine waves
THE KEY POINT IS BCORP & BLAND HAD BEEN UNDERGOING LONG CONSOLIDATION FOR MORE THAN 7 YEARS....THAT MEANS INI KALI LAH....WILL LIKELY BE SUSTAINABLE MAH!
REMEMBER BLAND HAS LOW FREE FLOAT, THAT MEANS VERY EASY TO PUSH LOH!
Posted by simon2020 > Mar 30, 2021 2:34 PM | Report Abuse
With Penta out of the picture, there's no more unlimited seller in a cornered market with only 13% freefloat, as even the earlier 3% BJLand shares held under proxy by Penta under PCM Industrial LP has also been sold out earlier in the year. The offers from Management will come sooner or later to address the elephant in the room before other BJ counters can advance further.
U SEE OUT OF THE OFFICIAL 13% FREEFLOAT, THE OPERATOR MAYBE HOLDING ANOTHER 5% OF THE FREEFLOAT, THIS MEANS THE ACTUAL FREEFLOAT MAYBE EVEN LESSER SOMETHING LIKE 8% MAH...!!
IN ANYHOW....IF THE OPERATOR WANTS TO GORENG THEY DO NOT MIND COLLECTING MORE BLAND MAH.......AS THE END OF THE DAY, AS THE LAST RESORT THEY CAN ALWAYS APPROACH BCORP TO TAKE UP, SINCE THEY WANT TO PRIVATISE BLAND MAH!
There is only 650 million shares outstanding not owned by VT. Based on the amount of shares traded since 23 Mar 21 when BJLAND started moving, more than 500 million shares have been traded. VT and parties acting in concert could have bought more in the open market to raise the stake to more than 90%. Wait for possible announcement from VT soon. Market price of BJLand from coming Monday will move up fast as less shares are left for trading, bearing in mind not all retail investors will sell their shares as they are waiting for the take over offer. So, stay calm and cool as we ride the wave upwards, cheers.
Further to our announcement dated 24 February 2021, the Board of Directors of Berjaya Land Berhad (“BLand” or “Company”) wishes to announce that Bursa Malaysia Securities Berhad has, vide its letter dated 19 March 2021, granted BLand a further extension of time of 6 months until 22 September 2021 to comply with the approved public shareholding spread of 20%.
Currently, the public shareholding spread of BLand stood at 13.26%, a shortfall of about 6.74%. In view of the Covid-19 pandemic and the preventive measures that have impacted the operations and financial performance of the BLand Group, the Company will re-evaluate the alternatives to address the non-compliance.
I'll consider surrendering my bland shares if there's a. 38/.30 exchange ratio into bcorp, and will definitely taking the deal if an additional cash of 0.10 per bland share dividend is offered
Jalil&Team要完全控制Berjaya Group Corporate演习吗? Tan Sri Vincent Tan and his son Datuk Seri Robin Tan will step down from their roles as the executive chairman and executive deputy chairman respectively at Berjaya Corp Bhd (BCorp), according to sources.
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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....
MichelleNg
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Posted by MichelleNg > 2021-04-02 06:31 | Report Abuse
Happy Good Friday.