Lol...u sounded just like a broker from the other side rather than a minority shareholder?...if true BJCorp should be faring worse as holding company with more losses and not having a 3 sens premium @ 27 sens?
gangnum, sure hope BJLand and BJCorp share price can shoot up, cause I am invested in both. Though, with no news on Kyto Four Season, the 'an additional' asset in Vietnam awaiting disposal with no details provided, clueless China project disposal claim, its hard for share price to reflect. It can be days, weeks, months, or years. VT just broke the trust throwing shit Dec last year. I was still hopeful around Feb and just gotten more and more suspicious about his true agenda... I am still holding believing the disposals can be meaningful but genuinely doubt it will be completed 'soon'...
Just trying to provide a contrarian view given your price is right or shortinvestor's time is running short.
Lol...Update on disposal of TPC Village... RM467.64 million has been received by BJLand on 1March 2019 with RM42.64 million on 3rd May 2019 and RM11.11 million upon receipt of Investment Cert. By Vietnam Authority...With total cash receipt of RM521.39 Million that translates into a cash receipt of 10.42 sens per share from sale of TPC Village alone! Looks like Uncle Tan already starting to milk his cash cow?
Press Release by BJLand - BERJAYA LAND BERHAD DISPOSAL OF THE ENTIRE 75% STAKE IN T.P.C NGHI TAM VILLAGE LTD (“DISPOSAL”) (Unless otherwise defined, the abbreviations and definitions used throughout this Announcement are the same as those previously defined in the earlier announcement). We refer to the announcement dated 28 December 2018 on the Disposal of the entire stake of 75% of the capital contribution in TPC Village for a cash consideration of VND1,244.59 billion (about RM222.18 million or USD53.37 million) and settlement of the amount owing by TPC Village of VND1,670.41 billion (about RM298.20 million or about USD71.63 million), totaling VND2,915 billion (about RM520.38 million or about USD125 million) (“Total Payment Receivable”). The Board of Directors of B-Land wishes to announce that all conditions precedent under the Transfer Agreement have been fulfilled and is now unconditional. Accordingly, the Disposal has now been completed. A total of VND2,619.57 billion (about RM467.64 million or about USD112.33 million) in cash amounting to about 90% of the Total Payment Receivable has been received by TPC Development. Another VND233.20 billion (about RM41.63 million or about USD10.00 million) of the Total Payment Receivable (currently in escrow), will be received on or before 3 May 2019, while the balance of VND62.23 billion (about RM11.11 million or about USD2.67 million) (which is also in escrow), will be received upon the receipt of the amended Investment Certificate to be issued by the Vietnamese Authority. Dated - 1March 2019
Unless you know when VT will announce the Kyoto four season deal or any other major deals that can boost share prices, it would be stupid to sell now. There's no catalyst to buy or sell more now, unless you are trading short term...
If reach 23cents, you can try out last time calvin formula, 10 lots 23 cents, if dropped more 10 lots 22 cents and continues. Let's say after 2020, not up, cleared all.Don't follow exactly, because this is open forum.
VT can not support the share price due to the public spread issue .that is why he created a fairy tale like the privatization of this company to support the share price.frankly speaking ,the fairy tale did work for at least four months.privatization is not on the horizon yet.
Can-One’s mandatory general offer (MGO) of RM3.10 per share last month. At press time, Can One controls 83.92% equity interest in Kian Joo, breaching the public shareholding spread requirement.
The current listing requirements provide that a listed issuer must ensure that at least 25% of its total listed shares, excluding treasury shares, are held by the public.
I will collects 10 lots for between 22.5~23 cents if touching. Privatisation soon, expect economy slowdown. So , don't bottom fishing anymore due to price will lower & lower and lift up harden if nothing bonus given.
there is a possibility penta is the one selling in the market and VT is abetting this selling through BJCorp buying penta's stake in BJLand to below 5% while Bursa and SC failed (or silently agreeing to this sinful act) to defend retail investors interest. I have mentioned about this possibility earlier and suggested all not to buy further until there's a clarity through BJLand's announcement.
Of course, its only my guess. Meanwhile, there is no doubt at price below 0.22 or 0.215, BJLand is dirt cheap if whatever VT said is true, i.e., selling Kyoto Four Season and privatizing BJLand. Unfortunately, there is no clarity and VT is already classified under 0 trustworthiness (at least to me).
VT is buying, probably that's why Bursa and SC keeping an eye closed? Frankly, I am not from the financial industry with 0 contact and can only guess through the announcements...
its a scam operation here,...'VT buying, VT going to privatise..' tall tales since 2014 by the syndicate here. these same guys in BJCORP also ! RUN !! cut loss and recoup from O&G ctrs, better odds elsewhere
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gangnam
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Posted by gangnam > 2019-04-15 09:42 | Report Abuse
Lol...u sounded just like a broker from the other side rather than a minority shareholder?...if true BJCorp should be faring worse as holding company with more losses and not having a 3 sens premium @ 27 sens?