Looking at the above listIng only 500k shares registered in the name of Berjaya Sompo Insurance (70% subsidiary of Sompo Japan & only 30% associate company owned by Berjaya Capital) was sold in open market on 7 April. The rest of the list are only repetitions of the same sale as deemed interest due to the crossholding nature of Berjaya Companies? I noticed the same style of reporting on sale of BJCorp shares which was registered under Hotel Resorts as asubsidiary of BJCorp but also named VT, Robin as deemed interest due to crossholding of Berjaya companies. Correct me if I am wrong?
There is a difference one is 500k open market sale of BJLand shares by registered owner Berjaya Sompo a 70% subsidiary of Sompo Japan on 7/4 while the BJCorp shares are direct transactions by Hotel Resorts Enterprise as registered owner, a subsidiary of Berjaya Capital under BJCorp but named VT & Robin as deemed interest due to the crossholding nature of Berjaya Companies?
I believe those holding on is hoping for a good price once privatization is confirmed (if there is a plan for privatization) but the way VT dumped the shares on last Fri after market at that price, I am really doubtful how this whole thing is heading to
I have quite a bit of the shares bought at 0.475 and am thinking whether I should just dump and cut loss (it's 17% loss as at yesterday!) I wonder whether money will be better put elsewhere.
I think it's Berjaya Sompo a 70% owned subsidiary of Sompo Japan that sold the 500k BJLand shares in open market on 8/4 not VT or BJ controlled company. Similarly Berjaya Sompo also sold 1M BJCorp shares on the 9/4?
i got the date wrong - VT disposed 500k shares on 7/4 when the price already falling, not 9/4 but still he disposed. Of course all the sifu hereknows better of the plan.
correction it is Berjaya Sompo a 70% subsidiary of Sompo Japan that sold 500k shares not VT as Berjaya is minority shareholder with only 30%. earlyretirement i got the date wrong - VT disposed 500k shares on 7/4 when the price already falling, not 9/4 but still he disposed. Of course all the sifu hereknows better of the plan.
miniminer - you do have faith on its privatization and I do hope you are right and I hope soon. Privatisation or not, anything is better than this daily free fall.
BJCorp is busy having direct transaction sales of BJCorp shares with bankers to raise cash for what purpose?? miniminer Last time before it shoot up, many had asked not to buy/sell or trade this counter, hold tight your tickets until offer announcement, not too sure this still stand......hehehe.................
There's currently a 6 sens price difference between BJLand & BJCorp. If using Penta's 38/30 formula for share swap & cash dividend should be within VT's ability for privatization?
Same candlestick patterns( wkly) as in Nov '17 & May '18. Buy Q more than Sell Q(usually fake-witness AT, Macpie, XOX etc) is guilty until proven innocent...make gullible greenhorns Q then they massively dump...
This totally agrees with you...with 87% control the bird is already in hand with all the low hanging fruits? Even somebody said BJCorp & BJLand is a pair of pants? Cut one out & the pants falls apart.. miniminer What has been obvious, VT had Publicly said his intention to privatized BJland cause it value has not been realized, then he increase his holding up to 87%, employed professional Jalil like to improve Berjaya Corp investor relationship and "Corp exercises" and someone said give Jalil 3 months to do review while VT said he want to give half of his wealth as Charity......40 cents entry can be still cheap but operators want you to believe BJland market value is around 18cents. Since you already made the decision to go in, why not just trust your decision and wait for ROI or until the share price shoots up again? Anyway, BJland current NTA is above 80cents while a lot of assets have not been revalued for a long-long time, cash rich and it is the heart of BJCorp. So, be confident make up your mind and trade at your own risk ler, I could be wrong ya......hehehe.............
Perhaps, VT and RT decided to take as some positions in crypto coins. Binance Coin more than doubled in less than 3 weeks. Took 4 weeks for BJLand to close at 0.455 from 0.185 level and may not be holding steady. Just thinking randomly.
Crypto has no base but BJLand has land & assets if Tesla set up a Gigafactory in Malaysia is true? BJLand has 871 acres of industrial land in Ulu Selangor with access to NKVE suitable for factory?
Only two reason to press bjland. Either inside news, the privatisation price is not attractive, so bulk sell. Or shake price it down and collect more for next round rocket
I think operator has scooped up many cheap tickets from weak holders & stale bulls already..hopefully will turnaround sooner or later as operator is also keep BjCorp well supported in case you haven't noticed? The road to privatization is coming to an end..while the road to Wembley just started for BJCorp?
Hi Sinoboy. Py1818 from Dataprep Here is a guide for you.
Resistant 0.48 Resistant 0.42 Resistant 0.38 Current price 0.345 Support 0.28
Verdict - Not good. Previous levels of support at 0.48, 0.42 and 0.38 all were broken. When supports are broken, it signals downtrend. Now these support levels become resistant.
For uptrend to happen price must close above resistant 0.38.
Not so fast..According to Bursa rules, once the majority shareholder already acquires 87% officially, he must acquire at least 90% of 13% floating shares before can privatize/delist. That means must collect 87% + (90% x 13%=12%)= 99%!
i bought at 26 cents and has been holding for few years...sold all at 37cents when the price is pushed up .. even though it reaches more than 50 cents but im still happy to get profits. NEVER NEVER NEVER TRUST VT...
Must have bought a lot at 0.18. Before this new ceo news is announced. Now planning to dump all shares to you all. For doubters, you can verify my statement. If resistant 0.38 is broken by closing price, then uptrend continues. So check daily closing price.
Actually today was not planning to write anything here until i see my friend, Sinoboy here. This message is for Sinoboy
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Posted by shortinvestor77 > 2021-04-12 20:55 | Report Abuse
Disposed little by little: https://klse.i3investor.com/insider/substantialShareholder/4219/09-Apr-2021/513415_492306243.jsp