Since price so cheap now..with 84.684% ownership of BJLand..VT only needs another 0.136% to breach Bursa's free float requirements for privatisation? So the odds can't be much better this time once VT buys more than 0.136% as notice has been given..
worth to bet on BJLAND now and hold for a few months. If privatise at 0.38, profit 90% (cost at 0.20). If no privatise, assume cost drop back to 0.18 (52 weeks low) only loss 10%
only to those who have bought.... to those trying to buy, seems like sh*t and smell like sh*t. VT talk-cocked many things end of last year and yet to deliver any...
he cant buy till so accurately till 84.64 mean he is the one that control the volume and price bro. I was drunk when I bought this piece of junk at 0.22.
IT LOOKS LIKE PENTA HAS BEEN SELLING THE REMAINING SHARES TO KEEP THE PRICE LOW... SHOW TIME SOON ONCE PENTA SOLD ALL ITS BJLAND SHARES... VT WILL REWARD THE 15% SHAREHOLDERS... =D
While awaiting for bjland to be privatize soon, shareholder can expect GOOD Q result to be announce in next 2 week. Bjland will recognized about RM 200m gain profit from divestment of its subsidiary in Vietnam which completed on 1 Mac 2019. The gain from disposal give rise about 4 sen/share
i wait until beh tahan want cum on chryseis tan. My cost still 23cents! Hahaha.. for those same fate with me please cool down and look at pretty chryseis
Queued to buy 30,000 shares @ 0.195 for 32 minutes still can not get . Suddenly they refuse to sell . 30000 x half sen only different by RM 150 .00 only , why the panic sellers refused to sell ???
Actually VT's Dealers got a quota to Buy & Sell..as current free floating shares are limited..break this "Ping Pong" cycle & Viola! you'll have Ur uptrend.. that's why they refuse to sell and don't want u to Buy at current low price?
The most likely scenario to privatize bjland is through selective capital repayment in which bjland opt to repay capital other than major shareholder bjcorp. Its only selective to repay minority shareholder.
With divestment and monetize assets RM 520m, realize gain RM 200m in Vietnam, Bjland now have more than sufficient CASH to opt selective capital repayment to minority shareholder.
Through such selective capital repayment, it needless require any fund from bjcorp or VT fund to take over bjland at all. It just need to pass bjland board meeting and EGM to make use of bjland exiting cash hoard to repay minority shareholder. After selective capital repayment, it can successfully turning bjland to be fully own 100% by bjcrop later.
Currently, about 85% bjland already control by Bjcorp, therefore, minority shareholder altogether control only about 15%. Based on Bjland total share volume 4912m, minority shareholder share volume 736.8m.
Based on recent bjland target price 38sen offer to penta, the total minority shareholder value only about RM 280m. As Bjland recent monetize assets get CASH influx RM 520m, it is more than sufficient for bjland to fund these selective capital repayment to minority shareholder, if materialize, bjland have 90% upside.
So buy with confidence at current price...with 84.684% after giving notice, according to Bursa takeover rules...VT needs another 90% of the balance of free floating shares (15.316%) before can forced acquisition...needs another 13.7844% or 98.8464% of BJLand shares before can call Misai S/B...
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somo1
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Posted by somo1 > 2019-06-08 21:02 | Report Abuse
secret1q results expected end June.