Nta of BJLand is 76 sens and BJCorp purchased BJLand shares from Penta at 38 sens should be an indicator? Btw BJLand has 35.6M shares in 7Eleven compared to 19.6M shares held by BJCorp...if Caring is sold for RM1.6B to Japanese buyers, BJLand will get a bigger windfall...Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN | https://www.klsescreener.com/v2/announcements/view/3578395
Goodtimes coming to BJLand's 100% owned Icelandair Hotels, the largest hotel operator in Iceland. "Revenue from non-Icelandic tourists during the first quarter of 2022 was just over 52 billion ISK compared with the same period last year when it was 7.9 billion ISK. Revenue from non-Icelandic tourists has increased by 337% in the last 12 months when compared with the same period the year before, from 56.8 billion ISK to 248.2 billion ISK.
Turnover according to VAT reports in Icelandic tourism sectors was just over 60.2 billion ISK in January to February, an increase of almost 122% from the previous year.
Estimated overnight stays in hotels in April were 290,000 compared with 49,624 in April 2021. The number of overnight stays by Icelanders were 99,000 (+178%) and the number of overnight stays by foreign guests were 191,000 (+1260%). In April, there were 389,967 departures of passengers from Keflavik airport compared with 18,868 in April 2021. Departures of passengers with foreign citizenship were 102,788 compared with 45,785 in March 2021" https://www.statice.is/publications/news-archive/tourism/tourism-short-term-indicators-in-may-2022/
If really rectified... let's wait for official announcement? Btw VT has been selling BJCorp via direct biz transaction to bankers for goreng purpose since GE15 is around the corner and is expected to fund his political masters?
VT has more then one political masters...being a shrewd bizman he's friendly with whoever can further his biz interests...just look at Johor, Pahang, Sabah & Selangor you'll understand.
We like VT's gameplay. Once he dispose another 1.36% or 66.6M BJLand shares via direct Biz Transaction to a friendly party of proxy player, VT will meet Bursa's minimum requirements of 20% liquidity float...then history may repeats as what happened in 2008...
@skynet2000 Presently VT have revert the game play, he dispose off the 140mil shares to "friendly party" or "Proxy Player". with one more round of 140mil shares disposal, Bj Land will back to liquitable position. Then MEGA plans could be in place immediately afterward. As what have been happened on Bj Land, at 2008, after price boosted, only declares plenty of MEGA projects at oversea.
1)Direct interest Tan Sri Dato' Seri Vincent Tan Chee Yioun Direct (units) 66,660,400 Direct (%) 1.355 Indirect/deemed interest (units) 4,003,370,372 Indirect/deemed interest (%) 81.361 Date of notice 05 Aug 2022
Instead of squeezing ikan bilis and time and again empty promises to shareholders, If VT focuses his attention to his businesses and grooming next generation of management, his wealth would have grown by tenfold. What a sad story. Time to change.
Since VT is not sharing his moves, let's share the key events to lookout for on BJLand. 1. QTR. 4 result will be out by 24 August next week. BJLand should show improved results with opening of Covid restrictions & economy. 2. VT needs to sell another 2.948% or 14.74M shares to meet Bursa's 20% Liquidity spread by 22 Sept. 3. So far VT has only sold BJLand shares via direct biz transactions to friendly parties or proxies and not in open market. VT's apparently trying to convince minority he's meeting 20% liquidity spread or is he selling BJLand shares to a proxy in preparation for a GO sooner or later since all the money making assets is hidden in BJLand?
Either way there should be exiting times for BJLand shareholders before GE15?
skynet2000 Presently VT have revert the game play, he dispose off the 140mil shares to "friendly party" or "Proxy Player". with one more round of 140mil shares disposal, Bj Land will back to liquitable position. Then MEGA plans could be in place immediately afterward. As what have been happened on Bj Land, at 2008, after price boosted, only declares plenty of MEGA projects at oversea.
bjland is already tightly held by VT and BCorp. It's share price is no longer determined by the market, only VT knows what Bjland should be traded at anytime...
Dear buddy, as usually Q4 will come with impairment losses at year end result, unless the Q4 result is so strong, expected Q4 will still register as loss making.
You can win if you want If you want it you will win On your way you will see That life is more than fantasy Take my hand follow me And your feelings will be right Hold me tight
FOR IMMEDIATE RELEASE 30 AUGUST 2022BCORP REGISTERS HIGHER REVENUE WITH A PRE-TAX PROFIT OF RM225.2MILLION AND AN ATTRIBUTABLE PROFIT TO SHAREHOLDERS OF RM54.4MILLION FOR FY2022For the 4th Quarter ended 30 June 2022 Berjaya Corporation Berhad (“BCorp”) posted higher revenue of RM2.35 billion, representing an increase of 34% from RM1.75 billion in the corresponding quarter of the previous year. The higher revenue is in line with the increased revenue in all business segments following the resumption of international and domestic travel and further relaxation of the COVID-19 standard operating procedures. In the non-food retail segment, H.R. Owen Plc ("HR Owen") generated higher revenue arising from the higher sales recorded from both new and used car sectors upon the gradual recovery in supply volume after the earlier supply chain disruption.Meanwhile, the food retail segment also contributed higher revenue mainly due to higher same-store-sales growth particularly from Starbucks cafe outlets as well as from the opening of new Starbucks cafe outlets during the financial year. The property segment reported higher revenue driven by higher property progress billings reported from its local project at The Tropika, Bukit Jalil, and higher sales from its overseas residence unit. The hospitality segment also delivered higher revenue as a result of the higher overall occupancy and average room rates reported by the hotels and resorts business, in particular from the hotels in Iceland after the easing of travel and social restrictions during the current quarter under review. The higher revenue in the services segment is driven by STM Lottery Sdn Bhd (formerly known as Sports Toto Malaysia Sdn Bhd) ("STM Lottery"). The higher number of draws conducted, which was forty two (42) draws in the current quarter under review as opposed to only twenty eight (28) draws in the previous year’s corresponding quarter contributed to the increased revenue by STM Lottery. The Group's profit from operations surged by about 779% to RM186.2 million from RM21.2 million in the previous year corresponding quarter, which was in tandem with the higher revenue reported by all the business segments. The pre-tax loss for the quarter under review narrowed by 92% to RM 16.72 million from RM 208.10 million loss in the corresponding quarter of the previous year with the overall improved performance from the Group’s operations. The loss was due to the provision of partial impairment on balance sale proceeds of the Great Mall Project (“GMOC”) amounting to RM197.8 million in view of the prolonged and arduous enforcement procedures of the arbitration award. Notwithstanding the partial impairment made, GMOC is vigorously pursuing enforcement in both jurisdictions in the PRC and Hong Kong. Excluding the partial impairment of RM197.8 million, the Group would have reported a pre-tax profit of about RM181.1 million.Page 1 of 3For the financial year ended 30 June 2022The Group reported higher revenue at RM8.21 billion from RM7.46 billion in the previous financial year, representing an increase of 10%. The better revenue for the financial year under review was mainly contributed by the retail and hospitality segments. The non-food retail segment’s higher revenue was bolstered by stronger sales registered by HR Owen resulting from the strong demand with the gradual supply volume recovery and pre-mix tailwinds leading to strong used car profit margin due to the earlier supply chain disruption in the new car sector.The food retail segment reported a higher revenue mainly due to higher same-store-sales growth particularly from Starbucks cafe outlets as well as from the opening of new Starbucks cafe outlets during the financial year. The hospitality segment posted higher revenue as the hotel and resorts business reported higher overall average occupancy and room rates during the financial year under review with the easing of international travel restrictions. The property segment registered lower revenue due to lower overall property progress billings and lower sales from the overseas residence unit in the current financial year under review. On the other hand, the services segment reported lower revenue mainly due to lower revenue reported by STM Lottery and the financial services business. For the current year under review, the cancellation of thirty seven (37) draws has resulted in STM Lottery's drop in revenue.The Group achieved pre-tax profit of RM225.21 million versus RM260.39 million pre-tax loss in the previous financial year. The pre-tax profit reported for the current year under review was mainly contributed by the retail and hospitality segments. In addition, the higher net investment-related income and the share of better results from associates and joint ventures also further improved the Group's results.
Very interesting. Looks like BJCorp's turnaround is mainly due to businesses parked under BJLand?
"The higher revenue is in line with the increased revenue in all business segments following the resumption of international and domestic travel and further relaxation of the COVID-19 standard operating procedures. In the non-food retail segment, H.R. Owen Plc ("HR Owen") generated higher revenue arising from the higher sales recorded from both new and used car sectors upon the gradual recovery in supply volume after the earlier supply chain disruption. The property segment reported higher revenue driven by higher property progress billings reported from its local project at The Tropika, Bukit Jalil, and higher sales from its overseas residence unit. The hospitality segment also delivered higher revenue as a result of the higher overall occupancy and average room rates reported by the hotels and resorts business, in particular from the hotels in Iceland after the easing of travel and social restrictions during the current quarter under review. The higher revenue in the services segment is driven by STM Lottery Sdn Bhd (formerly known as Sports Toto Malaysia Sdn Bhd) ("STM Lottery"). The higher number of draws conducted, which was forty two (42) draws in the current quarter under review as opposed to only twenty eight (28) draws in the previous year’s corresponding quarter contributed to the increased revenue by STM Lottery. The Group's profit from operations surged by about 779% to RM186.2 million from RM21.2 million in the previous year corresponding quarter, which was in tandem with the higher revenue reported by all the business segments.
"The Board of Directors of BLand is aware of its responsibility to comply with the Approved Public Spread" This is due on 22 Sept 22. BJland still in lost making after government has open country economic, the loss making CFO still firmly on the job with so much of impairment and unallocated cost.
BJland making $$ or not is none of someone problem, but you invested into Public listed Bjland company, that's is your problems ........hehehe.........................
Looks like VT's into reverse gameplay..just hold tight..treat as FD and wait for his next moves..VT's going to list a subsidiary in Singapore...maybe BJLand is next?
Currently, the public shareholding spread of BLand stands at 16.50%, a shortfall of 3.50%. The Management of BLand will continue to explore and identify a feasible rectification plan to address the shortfall in the Approved Public Spread.
skynet2000 Presently VT have revert the game play, he dispose off the 140mil shares to "friendly party" or "Proxy Player". with one more round of 140mil shares disposal, Bj Land will back to liquitable position. Then MEGA plans could be in place immediately afterward. As what have been happened on Bj Land, at 2008, after price boosted, only declares plenty of MEGA projects at oversea.
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....
simon2020
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Posted by simon2020 > 2022-07-19 09:41 | Report Abuse
Nta of BJLand is 76 sens and BJCorp purchased BJLand shares from Penta at 38 sens should be an indicator? Btw BJLand has 35.6M shares in 7Eleven compared to 19.6M shares held by BJCorp...if Caring is sold for RM1.6B to Japanese buyers, BJLand will get a bigger windfall...Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN | https://www.klsescreener.com/v2/announcements/view/3578395