bro , I just had a extremely tiny bit of bjland, u call me scammer? scammer is the one who always tweak their q results to make it lost and avoiding paying dividend and openly announce accumulating the shares up to 84 % and tell the stupid retailers he going to privatise but with no action.
I would say TSVT has more than enough money to buy back all the remaining shares at 0.38 a piece. But then some retail shareholders might not want to sell at this price, who want more than this price. Wait for the right moment of announcement. Those no faith please leave this counter lah! JANGAN KACAU. After all anything goes wrong, we investors are the one to suffer loss, not you non-shareholders. Either live or ldie!
BJLand owns 40% of BJTOTO. 40% of BJTOTO is equivalent to around RM0.26 per share of BJLand! Now BJLand is just RM0.20 including all other assets and projects!! You should know when to enter...
Looking good! BJLand owns more than 9% of BJAssets & more than 40% of BJToto and plenty of cash from recent Vietnam property sales...much more desirable than BJCorp and cheaper too...
Corrections now only 84.684%...VT needs another 90% of the balance of free floating shares (15.316%) before can forced acquisition...needs another 13.7844% before can call Misai S/B...
After paying 14 cents dividend, distribute bjtoto share and convert into bjcop at 30 cents.... I don't mind..... Offer close the NTA 82 cents plus balance 14 cents from the disposal of 4 seasons hotel.
VT offers so many broken promises, while hoping its true this time, its difficult to judge and surely buying/selling on what's 'said' is pretty much equivalent to gambling, sigh!
At 84.684% ownership of BJLand..only needs another 0.136% to breach Bursa's free float requirements to trigger an MGO? So the odds can't be much better this time once VT buys more than 0.136% as notice has been given?
If already own above 50% there's no more MGO to trigger. An MGO is triggered when the 33% level is breached and the General Offer is CONDITIONAL on achieving above 50%. Refer to Datuk Tony Tiah's failed MGO attempt on TA.
VT has only one intention to buy so much of BJLand because he wants to privatise this stock. You don't need to be a rocket scientist to know that BJLand is grossly undervalued by the market. The very poor market sentiment on his group of companies have given him a golden opportunity to buy the shares for cheap. The plan of course is to buy as much as possible for a song before making an offer for the remaining shares held by hard core shareholders like McQuarie, Goldman Sachs, etc. So, naturally he will have to pay a much higher price to entice the strong shareholders to sell out. Due to the small remaining percentage of outstanding shares, say 10% when VT finally makes his move, the amount to be paid out even at much higher price will cost VT a small sum. So, you guys will need to be patient and wait for VT to make his move. VT will probably make his move when he has enough money to frank a dividend. Without this $$$$$, how is going to buy out the remaining strong holders. The question is, are you the strong holder? Cheers.
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skyu
2,497 posts
Posted by skyu > 2019-05-28 12:28 | Report Abuse
still no news ? maybe privatisation next year at 0.05 cents. the scammer need time to press the price cheaper in order for him to acquire cheaply.