Posted by Sslee > 2021-04-17 16:20 | Report Abuse

My reply to Bursa:

Dear Bursa,

Thank you for clarified Bursa position that Bursa Securities Malaysia Berhad is not in a position to request or compel any party to make a general offer. Any offer by the offerors is governed under the Rules on Take-Overs, Mergers and Compulsory Acquisitions of the Securities Commission.

My contention is why Bursa grants repeated extension of another further 6 months to comply with the approved public shareholding spread of 20%?
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3140701
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%

Question 1: Should Bursa set a limit on the number of repeat extension?
Question 2: For transparency and good corporate governance should Bursa insist applicant provide what are options/difficulties under consideration to comply with the public shareholder spread before granting any extension?

It is my hope this will be the last approval from Bursa in granting Bjland further extension of time of 6 months until 22 September 2021 to comply with the approved public shareholding spread of 20%

Thank you

Posted by roundcateye > 2021-04-17 18:58 | Report Abuse

When BJLand stepped across the boundary of public shareholding spread? If my memory serves me well, it was when BJCorp bought about 5% from Penta in the early 2019. Halfway VT transferred a chunk of his share to someone(?) to avoid the issue, then after few months, he started to accumulate and hence cross the line again. BJLand may have received three to to four times extension of six months since 2019. It is like a never ending story, tormenting many minority shareholders along the way. To the denial of the board later, VT had publicly promised to privatize BJLand with a good exit price. The management did not show any good effort to resort the issue, but continuing buying in 7-Eleven and land. Hopefully the curtain can be finally closing. No one wishes to further dragging the matter, especially for a company acting as the linchpin to the mother company with a new CEO and vision.

Posted by dompeilee > 2021-04-17 19:09 | Report Abuse

Only two words apply : louuuu cheeen

Posted by stockraider > 2021-04-17 22:25 |

Post removed.Why?

Posted by stockraider > 2021-04-18 10:06 | Report Abuse

Dear kahleong,

From the way u & eddydurge talk recently...it most likely u have dispose your bcorp & bland, U should thank VT effort answering your prayers of unlocking value at berjaya group at letting u escape at a reasonable better price loh!

If u r thinking & hopping that...by getting bland suspended & eventually delisted by bursa & eventually u can get back in for another round...i advice u not to loh!

Why suffer the pain again...furthermore u have no trust on VT...why allow yourself to repeat the same issue & agony again mah ? Certainly your personality has no affinity with VT loh, There are plenty more good companies that have much perceived corporate governance than bgroup mah!

By applauding to naive SSlee suggestion if bursa accept, it is not going to benefit long term minority shareholders but VT instead mah!

Why want to hurt minority shareholders Leh ? What Bursa did is correct loh...by extending & extending...bcos to suspend & do otherwise is serve no purpose loh! To Force a GO at bland just bcos VT bought more is silly mah....bcos they is no provision in existing law as VT hold more than 50% loh! Thus we need play by the rules & regulation loh!

Put it this way loh....if bursa do not continue extend the listing of bland....what will happen to bland leh ??
The consequence will be suspension & subsequent delisting mah!!
Bursa do not have the power to compel Vincent Tan or Berjaya corp to do a GO, if they do not want to or not ready to do so mah...!!

That will means eventually disaster to minority shareholders mah...their beloved Bland will be suspended & eventually delisted if Bursa just press on loh...!!

If u really want to help the minority shareholders...get SC & Bursa reform the Corp Governance...there should be a provision allowing minority to appoint their own representative at Board level...this will prevent major shareholders appointing their own buddy as independent directors loh!
In a way people like SSlee, kahleong, eddysurge, calvintan & perhaps raider can be appointed independent director in the future...although we talkkook abit at least we have interest of minority at heart loh!

Yes..Raider still hold on & have exposure on bgroup bcos raider think that...VT can really unlocked more value over time loh!

Raider really have faith in berjaya & vt this time & prepare to be their longer term partner participating in their restructuring loh!

Posted by kahhoeng > Apr 17, 2021 11:23 PM | Report Abuse

stockraider, I applaud Sslee's effort. Bursa made a HUGE mistake when not requiring an MGO prior to approving BCorp acquiring a stake in BLand from Penta. It's akin to telling majority shareholder that they can do whatever they want. If so, what's the whole point of setting up so many listing rules? How will minorities interests be protected if Bursa/SC always kowtow to major shareholder???

Posted by stockraider > 2021-04-18 13:39 | Report Abuse

U spend alot of money & waste it revaluing long term land assets every year for what leh ??

Unless got better things to do like fair pricing for disposal or corporate exercise then worthwhile to revalue loh!

Maybe current restructuring exercise, it may be worthwhile to revalue the whole bcorp assets to reflect a much better shareholder equity value loh!


Posted by miniminer > Apr 18, 2021 12:42 PM | Report Abuse

Why Bursa is not regulate this "Land" holding company to re-value their asset (Land) by certain period of time-frame such as 3 years if not annually? I think this will help investors realize their actual value of holding and make appropriate Investment decision right?
While Robin/Jalil combo represent BJ future, hoping BJland will eventually show progress in NTA unlock the real value, profitable and start give dividend like other counters, Bursa should regulate "land" revaluation for a period of time for Public investors to realize it invested value.

Also, what if one influential executive & rich major holder is pressing down the listed company share price low minimal using his excess shares (to few time lower than NTA) while he is selling his own asset to the same listed company at market value then use this $$ to buy back company shares cheap, he immediately will earn few times of it "Sold Land" value right? .....isn't this is a loopholes & good biz model for Directors ......hehehe....................

Posted by stockraider > 2021-04-18 13:57 | Report Abuse

The problem is the accounting standard do not allow bjgroup conglomerate treated like reits....so u have revalue gains no use mah...no increase in profits mah!

Posted by miniminer > Apr 18, 2021 1:54 PM | Report Abuse

The re-valuation is to realize the current value just like REIT, you will realize of what is the current shares value, if appreciate the people are aware of their paper gain. This is a "Land" company, one of it nature is to trade land thus it asset must be revalue at certain time period to realize the gain/loss, I do not think it will cost a lot compare to the benefits for minority to realize the investment progress. Second thought, the "Land" asset should be utilize to generate profits or use for biz purpose.
Thus "land" company should be regulated as a push for management to aim for ROI especially for Public holders although there are minority.

Stockraider, I am here long enough and knows what you have been writing previously and reason you missing for a while when BJland shares suppressed to low minimum.

Posted by stockraider > 2021-04-18 14:06 | Report Abuse

The revaluation No overall benefit to the company mah....in fact burden to the company in term of additional cost loh....besides the cost of revaluation fees, u may be inviting city & town council charge u more levy like quit rent & assessment mah....!!

No point pleasing the lazy buggers....when the company incurred higher operating expenses mah!

U spend alot of money & waste it revaluing long term land assets every year for what leh ??

The problem is the accounting standard do not allow bjgroup conglomerate treated like reits....so u have revalue gains no use mah...no increase in profits mah!

Unless got better things to do like fair pricing for disposal or corporate exercise then worthwhile to revalue loh!

Maybe current restructuring exercise, it may be worthwhile to revalue the whole bcorp assets to reflect a much better shareholder equity value loh!

Posted by stockraider > 2021-04-18 14:22 | Report Abuse

Your issue already fully debated mah!!

The conclusion is ;

The problem is the accounting standard do not allow bjgroup conglomerate treated like reits....so u have revalue gains no use mah...no increase in profits mah!

Unless got better things to do like fair pricing for disposal or corporate exercise then worthwhile to revalue loh!

Posted by miniminer > Apr 18, 2021 2:16 PM | Report Abuse

My suggestion is for the authority to consider. To realize public "Land" company asset's currently value is important for public minority shares holders so they can realize gain/loss and trade accordingly even the company need to suffer a bit of cost that is budget for than lost in slight of it value while the insider may gain advantages over the public holders, a time must be set based on property value index scale for "Land" base company, can be 5 years or 3 years if not annually.

Posted by Bullwinds > 2021-04-18 15:01 | Report Abuse

Sometimes don’t understand why some of these investors keep harping on VT shld give a GO while the price already moved up double! If we don’t believe in him in unlocking the value , just sell lar! If VT has the intention to take it private, he wld have given tthe offer when the price was low not now mah. As Berjaya Sampo continue selling it’s holding, the shareholding spread issue wld be resolved . Why waste time to write and shout to Bursa?

Posted by Hazzyy > 2021-04-18 17:33 | Report Abuse

There are many intellectuals only good for book keeping counting hairs or simply say penny wise pound foolish

Posted by kahhoeng > 2021-04-18 17:37 | Report Abuse

bullwinds, cause it's ONLY fair to minorities!

Posted by kelvin61 > 2021-04-18 17:47 | Report Abuse

@ Bullwinds. Agreed with your argument. Recent run up in prices to 52 sen was a golden opportunity to lock in good gains instead of moaning and groaning for a good offer from VT. Anyone buying in the teens would have turn in fantastic returns. The idea of buying shares in the market is to make money. The problem with most players is GREED. They change their plan to sell and want even more when prices are going up. The complaint comes when prices are falling again.

Posted by wantanmi > 2021-04-18 18:17 | Report Abuse

Yup! @ kelvin61 @ Bullwinds
Lock in profits first... Can always reinvest once the smoke clears after the big selldown by Sompo & Vt since BLand not going away until Sept?

Posted by Bullwinds > 2021-04-18 18:30 | Report Abuse

I know Kahheong has very kind intentions but it also can mislead newbies. In stk mkt don’t need to cry over spilled milk! Calm down and think logically, most major assets in bjcorp are carried under BjLand, u think VT can unlock value without unlocking Bjland meh? Just be patient lar.. Asking for GO we are actually shooting our own feets!

Posted by birkincollector > 2021-04-18 20:02 | Report Abuse

haha some of u already here complained for few years price very low...now up still complain....

Posted by Goldking9789 > 2021-04-19 07:17 | Report Abuse

Berjaya counters will continue rebound this week as last week was profit taking. In order for any stock to go higher, it must endure heavy selling in order to move up faster and higher with much lesser volume. higher, it

Posted by Sslee > 2021-04-19 07:46 | Report Abuse

I sold 50% of my bjland for 100% gain.
Bought some back at 33 and 31 cents.

Posted by Goldking9789 > 2021-04-19 08:04 | Report Abuse

Okay story teller sslee, you actually same like your old friend kyy. Tell nice story to sell karipap and kuih after that do different things.

Posted by Goldking9789 > 2021-04-19 08:05 | Report Abuse

Like the old saying goes, birds of the same feathers always flock together. Should reconcile and hug each other again like love birds.

Posted by dompeilee > 2021-04-19 08:17 | Report Abuse

Retrospective claims(i.e Monday morning quarterbacking) are unlikely to be true...all true buy/sell claims must be made within 24 hours...lolllllll

Like this:

dompeilee DUMPED all my BJLand shares....bought @ 28c in '19 & averaged down @ 19.5c last year....sold all the way up from 44c - 49.5c =D TY, fat cunning pi G! =)
01/04/2021 10:15 AM

Posted by Sslee > 2021-04-19 08:38 | Report Abuse

78514820 01/03/2021 Brought Forward 320,000 0.1875
79519287 15/03/2021 Buy 100,000 0.1850
79520512 15/03/2021 Buy 80,000 0.1850
79576261 16/03/2021 Buy 50,000 0.1850
79625118 18/03/2021 Buy 50,000 0.1950
79637051 18/03/2021 Buy 50,000 0.1900
79642866 18/03/2021 Buy 50,000 0.1900
79644407 19/03/2021 Buy 30,000 0.1900
79651780 19/03/2021 Buy 20,000 0.1900
79667650 19/03/2021 Buy 50,000 0.1900
79675147 19/03/2021 Buy 13,300 0.1900
79675988 22/03/2021 Buy 6,700 0.1950
79694078 22/03/2021 Buy 30,000 0.1900
79881863 31/03/2021 Sell 50,000 0.3600
79887670 31/03/2021 Sell 100,000 0.3800
79887901 31/03/2021 Sell 50,000 0.3850
79887926 31/03/2021 Sell 50,000 0.3900
79888107 31/03/2021 Sell 25,000 0.3950
79888196 31/03/2021 Sell 25,000 0.4000
79889249 31/03/2021 Sell 50,000 0.4000
79889938 31/03/2021 Sell 50,000 0.4050
80111946 01/04/2021 Brought Forward 450,000 0.1881
80973022 15/04/2021 Buy 25,000 0.3400
80977669 15/04/2021 Buy 50,000 0.3300
80997563 16/04/2021 Buy 5,000 0.3100
80998045 16/04/2021 Buy 5,000 0.3050

Posted by Luckystar168 > 2021-04-19 09:42 | Report Abuse

https://m.youtube.com/watch?v=_UQjTaDJgfU&feature=youtu.be
Invest this..

Posted by Anaconder > 2021-04-19 09:56 | Report Abuse

Look like VT not going to take over BJLAND, game over!

Posted by tah16600 > 2021-04-19 10:51 | Report Abuse

Mr SSLEE - SUDAH KAYA Loh!

Posted by ValueInvestor888 > 2021-04-19 10:56 | Report Abuse

Haha, SS Lee is like fund manager nowadays. Can retire to be become full time investor. What is so good about BJ Land?

Mind to share?

Posted by Sansing > 2021-04-19 11:09 | Report Abuse

Maybe Back to 25 sen soon

Posted by Sslee > 2021-04-19 11:42 | Report Abuse

BJland is underrated (Owned by 4.66% TVST, 78.93% Bjcorp, 2.93% Bassets)

BJland Hold: 40.58% Bjtoto 7.48% Bassets 4.97% 7-eleven 6.58% B Food and many land bank and hotel (Malaysia and oversea) that value at cost in Bjland book.
Example:
363 parcels of land at Onna-Son Okinawa Island, Japan: Freehold: 119,227 sq m. Land held for development Since 15.07.2009 RM 287,803,000.
Lot PT 4805, 4806 HS(D) 81319, 81320 Mukim Petaling Kuala Lumpur. Freehold: 7,129,260 sq ft. Club house and golf course. Years: 05.09.1991: RM 81,602,000
HS(D) 11814, Lot 11527 Lots 1 to 8, Lots 49 to 55 Taman Tun Abdul Razak Ampang: Freehold 351,903 sq ft Land: held for development : 22.12.1990 RM 50,119,000

For the new CEO to unlock the value of Bjcorp, he needs to merge Bjland into Bjcorp.

Posted by kahhoeng > 2021-04-19 12:26 | Report Abuse

Sslee, VT is trying to tell us otherwise...

Posted by ValueInvestor888 > 2021-04-19 15:04 | Report Abuse

Thank you Sslee for the information.

Posted by krish52 > 2021-04-19 15:10 | Report Abuse

back to square one. i doubt there is any hope.

Posted by dompeilee > 2021-04-19 15:15 | Report Abuse

Sslee also horlan in Hengyuan so 2 be fair need to set off...or else implode like fake rich Archegos Bill Hwang LOL!

Posted by dompeilee > 2021-04-19 15:16 | Report Abuse

Those who still believe in privatisation rumour...LOL...obviously u've not been in the mkt long enough & hv no idea of VT's methods.

Posted by dompeilee > 2021-04-19 15:38 | Report Abuse

'From $1.4 billion to Bankrupt in 5 yrs - Lesson of a Speculator
Coming out of the 1929 Crash, one trader stood above the rest. Jesse Livermore was one of the few who foresaw the crash & leveraged that mkt awareness into gains of $100 million - or $1.39 billion in 2day's dollars. Those gains turned him into one of the Top 10 Richest men in the world.

5 yrs later, he filed for bankruptcy after squandering the fortune of a life time of trading.

How did it happen?

Even being so self-aware of mistakes he made previously, he was unable to keep from overleveraging hmself & losing his entire fortune.


"In truth, it was a period of total inconsistency & illogicality during which, by his own rules, he should have been out of the market sitting on his money. But he wasn't. Having conquered the world, he wanted to climb the mountain again."

Livermore lost 40% of his profit in 18 months - going long the market as it slipped to its lows by mid-1932. Then in 1932, Livermore switched & went short the market - just in time for it to double. The final blows were caused in 1933 when Livermore went long the market just as it fell back near its 1932 lows.

He was wiped out. Not only did Livermore not have a dollar to his name, but he was in debt $5 million, roughly $70 million in 2day's dollars, to various stockbrokers who advanced him money to trade.'

Posted by Lam LH > 2021-04-19 15:47 | Report Abuse

buy in at 29 cents and hope for a technical rebound to 35-36 then sell. buy only in small quantity..TAKUT..HIHI

Posted by RockerArm > 2021-04-19 16:16 | Report Abuse

Shares stock r weird. When down, it will down n down n down until u never believe vice versa. beware!

Posted by dompeilee > 2021-04-19 17:00 | Report Abuse

Even if you have $10-20 bil, the market can wipe you out if you make the WRONG move. Besides, 450 lots of a 28c share is a lot meh? My Japanese stock portfolio is already worth more than that lol

And 0.45 mil out of 5,000 mil shrs outstanding is so insignificant...when I bought up a few hundred thousand shrs of Hwa Tai @ a cost of 44c in 2014, it was > 1% of the entire issued share capital.

Posted by dompeilee > 2021-04-19 17:08 | Report Abuse

Don't fight the prevailing trend! =)

Posted by py1818 > 2021-04-19 17:34 | Report Abuse

Daily buletin for my friends

Resistant 0.38
Resistant 0.35

Closing price 0.29

Support 0.28
Support 0.26
Support 0.24

Verdict - BAD. Closing price nearly break support 0.28 today.
Closing price must close above 0.28 to show any hope of uptrend.

Posted by sailang_now > 2021-04-19 17:43 | Report Abuse

@py1818 tks for your daily buletin

Posted by py1818 > 2021-04-19 17:46 | Report Abuse

Hi @sailang_now
Can ignore support 0.26. If support 0.28 breaks, next stop is 0.24. Thks.

Posted by Maxsuper > 2021-04-19 23:08 | Report Abuse

...... for a stock that hv very less public shares there are many sellers everyday.... weird...

Posted by earlyretirement > 2021-04-20 08:45 | Report Abuse

Thanks @py1818

Posted by daretocutandchange > 2021-04-20 09:06 | Report Abuse

v tan play redtone?

Posted by py1818 > 2021-04-20 13:12 | Report Abuse

Daily buletin for my friends
@earlyretirement
@sailang_now

Resistant 0.38
Resistant 0.35

Intraday price 0.32

Support 0.28
Support 0.26
Support 0.24

Verdict - STILL BAD.

After many days of downtrend, a slight rebound today. But closing price must close above 0.35 to show a reversal of downtrend . And must stay above support 0.28.

Posted by sailang_now > 2021-04-20 13:46 | Report Abuse

@py1818 Tks for your daily bulletin

Posted by stockraider > 2021-04-20 13:53 | Report Abuse

Let me tell u if u really want to make monies on bjcorp reform & monetizations of its assets value leh...!!

In order to win big u must be prepare to take a few punches loh!!
If u play chicken on bjgroup of companies, u better avoid this stock mah!

This is bcos one of the reform is to untie some of bjgroup of companies cross holdings, this is done by selling & unloading those cross holding mah!!

For example it was mentioned that VT hold 86.5% of Bland.....but actually bcorp only hold only 75% of bland....the rest are owned directly by Vt & family personally and bcorp 30% associates & VT associates like berjaya sompo insurance mah!

Thus they need to unwind all these cross holding by disposing some mah!

Posted by stockraider > 2021-04-20 14:00 | Report Abuse

Jesse Livermore is a high risk gambler, it is nothing like smart safe entrepreneur like VT loh!!

Jesse Livermore is something like Mr Hwang of Archgoes, that just go under recently.....this are big time gamblers loh!!

VT invest for long term with big exposure into undervalue properties & good franchise business & well recognise business like star buck, 7 eleven, bjtoto etc mah!

Posted by dompeilee > Apr 19, 2021 3:38 PM | Report Abuse

'From $1.4 billion to Bankrupt in 5 yrs - Lesson of a Speculator
Coming out of the 1929 Crash, one trader stood above the rest. Jesse Livermore was one of the few who foresaw the crash & leveraged that mkt awareness into gains of $100 million - or $1.39 billion in 2day's dollars. Those gains turned him into one of the Top 10 Richest men in the world.

5 yrs later, he filed for bankruptcy after squandering the fortune of a life time of trading.

How did it happen?

Even being so self-aware of mistakes he made previously, he was unable to keep from overleveraging hmself & losing his entire fortune.


"In truth, it was a period of total inconsistency & illogicality during which, by his own rules, he should have been out of the market sitting on his money. But he wasn't. Having conquered the world, he wanted to climb the mountain again."

Livermore lost 40% of his profit in 18 months - going long the market as it slipped to its lows by mid-1932. Then in 1932, Livermore switched & went short the market - just in time for it to double. The final blows were caused in 1933 when Livermore went long the market just as it fell back near its 1932 lows.

He was wiped out. Not only did Livermore not have a dollar to his name, but he was in debt $5 million, roughly $70 million in 2day's dollars, to various stockbrokers who advanced him money to trade.'

Posted by earlyretirement > 2021-04-20 15:06 | Report Abuse

Thanks @py1818 for the diligent sharing.

Posted by dompeilee > 2021-04-20 15:14 | Report Abuse

Hehe...some ppl obviously hv not been in the mkt long enuf 2 know VT tactics...in '99 he likely orchestrated the run up BCorp's price from 55c to over $2.50 & then announced a lot of issuances of debt securities & the price plunged back to the low $1s. In '06 he did the same for both BCorp & BLand with some more dubious corporate maneuvers.

Now in '21, only talk abt 'sweating assets' & new mgt...how 2 'sweat assets' when the economy is so comatose, plundered by certain ppl for their own selfish interests & the vast majority of ppl are unwilling to spend 2 revive the economy? Do you notice the S$ xchg rate? I notice it everyday because 28% of my cash is in S$...

Sure, the price may rebound sharply here & there, but all the developments so far are nothing more than hot air.