Posted by Good123 > 2019-07-10 21:28 | Report Abuse

KUALA LUMPUR (Reuters) - bjland (BJLAND, 4219, Main Board Consumers) achieved a net profit of RM118.47 million for the quarter ended April 30, saying goodbye to the net loss of RM92.14 million in the same quarter of the previous fiscal year. .

Bjland acquisitions were reported to the exchange, with turnover increasing by 3.41% year-on-year to RM1,651,901,000, compared with RM1,850, 502,700 in the same quarter last fiscal year.



Based on the bjland replacement fiscal year end date, from April to June, so this fiscal year has 14 months, this announcement is from the beginning of February to April earnings report.

The company said that the quarter's earnings performance was higher, thanks to a higher contribution (BJTOTO, 1562, main board consumer stocks) and higher profits from the sale of associates. However, the quarter was also the successful Grand Square for the arbitration process, which included an additional impairment of RM8 million.

From May 1 last year to April 30 this year, bjland acquisition achieved a net profit of RM18.52 million, which was better than the net loss of RM109,288,000 in the same period of last fiscal year; the turnover fell by 1.9% to 6.2 billion. RM40.65 million.

The Board of Directors expects that the 4D ticket business will continue to maintain market share. It is believed that the hotel and resort and industrial development business will perform satisfactorily in the last two months of this fiscal year.

Posted by Good123 > 2019-07-10 21:31 | Report Abuse

apa pelabur mau? haha

（吉隆坡24日讯）成功置地（BJLAND，4219，主板消费股）截至4月30日的季度，取得1亿8147万5000令吉的净利，挥别上财年同季9214万8000令吉的净亏窘境。
成功置地向交易所报备，营业额按年增长3.41%至16亿3901万9000令吉，上财年同季为15亿8502万7000令吉。


基于成功置地更换财年截至日，从4月改成6月，因此本财年有14个月，此次宣布的是从2月初至4月杪财报。
该公司指，当季盈利表现走高，归功于成功多多（BJTOTO，1562，主板消费股）较高的贡献及脱售联营公司的获利。不过，当季也为正进行仲裁程序的成功大广场，列入了800万令吉的额外减值。
从去年5月1日至今年4月30日，成功置地取得1亿8252万8000令吉净利，胜于上财年同期的1亿9028万8000令吉净亏损；营业额却年跌1.9%至62亿4065万令吉。
董事部预计，万字票业务将持续守住市占率，相信本财年的最后两个月内，会和酒店与度假村及产业发展业务取得令人满意的表现。

Posted by skyu > 2019-07-10 21:44 | Report Abuse

Can u seriously stop posting the old news? It is long, wasting my time to scroll down.

Now, anyone here have the knowledge of mgo? I can't seem to Google of this bjland with 85% plus minus explanation.

Posted by skyu > 2019-07-10 21:46 | Report Abuse

Yeelee require 90% shares to trigger mgo? More dizzy with this as an reference.

Posted by 129055444514385 > 2019-07-10 23:27 | Report Abuse

short term traders, i think sudah jual hampir habis :)

Posted by 129055444514385 > 2019-07-10 23:28 | Report Abuse

tak tahu sama ada VT pakai nominees untuk sapu syer di pasaran terbuka

Posted by 129055444514385 > 2019-07-10 23:28 | Report Abuse

beli dan keep till 2020 haha

Posted by kahhoeng > 2019-07-10 23:35 | Report Abuse

skyu, 90% is the needed shares to "delist" not MGO, MGO is at far less than that. Think started at 33% called VGO, voluntary general offer, followed by 50% (not sure) MGO, mandatory general offer.

Posted by 129055444514385 > 2019-07-10 23:37 | Report Abuse

just accumulate bit by bit monthly... next year, much higher, maybe, 25 sen pun tak dapat, 30 to 40sen at least :)

Posted by 129055444514385 > 2019-07-10 23:37 | Report Abuse

i believe VT will bless shareholders soon too.... wealth cannot bring to syurga :)

Posted by 129055444514385 > 2019-07-10 23:40 | Report Abuse

likely, to declare dividend this year after the 14-month results in Aug 2019... hopefully, short term traders can wait till aug 2019, dont set stop loss at 1%, 2% or 5% lah :)

Posted by 129055444514385 > 2019-07-10 23:40 | Report Abuse

i am optimistics , I have set stop win at 40% from current price :)

Posted by 129055444514385 > 2019-07-10 23:42 | Report Abuse

disposal of kyoto hotel, compensation from jeju project, china project , etc should slowly come in preferably this year.. puji tuhan

Posted by 129055444514385 > 2019-07-10 23:43 | Report Abuse

hopefully, vt can live longer to bless all the shareholders... i think he is able to bless the shareholders... dont curse him and family anymore, ok? :)

Posted by limkopi > 2019-07-11 01:17 | Report Abuse

Bless him with my middle finger like kahhoeng said

Posted by Good123 > 2019-07-11 07:24 | Report Abuse

would something like this happen sooner than later? :)

KUALA LUMPUR: A week after the voluntary takeover offer for Yee Lee Corp Bhd lapsed, the joint offerors are still unable to garner 90% shareholding in the company.
There was additional acceptances of 1.63 million shares or a 0.85% stake, raising the shareholding of one of the offerors, Singapore-based Dymon Asia Private Equity (SE Asia) Fund II Ptd Ltd, to 60.39 million shares or 31.52%, according to a filing with Bursa Malaysia today.
The other offeror is Yee Lee’s founder Datuk Lim A Heng @ Lim Kok Cheong and family, who hold a total stake of 58.41%.
The two joint offerors' total shareholding now stands at 172.3 million shares or 89.93% — still short of 139,207 shares or 0.07% from the 90% threshold that was needed during the offer period to undertake a compulsory acquisition
The closing date of the voluntary takeover offer, originally set for June 3, was extended twice to July 3.
Under the circumstances, Yee Lee will remain listed on the Main Market of Bursa Malaysia.
An option the joint offerors may consider is to continue mopping up shares on the open market to raise their shareholding to 90% and request for voluntary suspension of trading in the company’s shares from the stock exchange.
Once trading is suspended, the chances of minority shareholders taking up the offer will be higher as most investors are not keen to hold non-traded shares.
Still, those shares in hand now will only enable the joint offerors to suspend the trading of the shares but not undertake a compulsory acquisition to buy the remaining shares they do not own.
“They (the offerors) may consider an exit offer later at [a] different price, which could be lower, higher or even the same price,” said a corporate finance adviser, noting that a fresh offer will not be backdated to the earlier offer.
Additionally, it is understood that a six-month cooling period after the previous offer date is needed before the joint offerors could make another attempt to delist or take the company private.
Shares in Yee Lee spiked to RM2.29 on April 29 — after the offerors first announced their plan to take Yee Lee private, from RM1.91 in the previous trading day.
The stock has fallen from a near two-year high of RM2.33 on July 4 (a day after the closing date) to close at RM2.11 today. This brings its market capitalisation to RM404.3 million.

Posted by Good123 > 2019-07-11 07:28 | Report Abuse

would any shareholders take legal action against vt due to bjland shares swap with bjcorp but not offered to minority shareholders except penta?

KUALA LUMPUR (July 10): Apex Equity Holdings Bhd is being sued by its shareholder, Pinerains Sdn Bhd, which holds a 4.17% stake in the company as at March 29.
Pinerains is seeking a declaration that the resolution in respect of the proposed merger between JF Apex Securities Bhd and Mercury Securities Sdn Bhd as well as the private placement to be invalidated, after both resolutions were passed at the extraordinary general meeting held on June 19.
As such, Pinerains has commenced a legal action at the KL High Court against Apex Equity and its directors, JF Apex, as well as Alliance Investment Bank Bhd, collectively called the defendants.
Besides the declaration, Pinerains is also seeking damages, costs and other relief deemed just and fair by the Court, an exchange filing today showed.
It has also filed an application for an interim injunction against the defendants to restrain the implementation of the proposed JF Apex-Mercury merger as well as the private placement pending determination of the matter at full trial.
The injunction application is fixed for hearing on July 15.
In response, Apex Equity said its solicitors are of the opinion that the legal action is “without merit” and that the company will be able to defend itself successfully.
“The company will continue to take all necessary steps to ensure that the rights and interests of the company are protected,” it added.

Posted by skyu > 2019-07-11 09:02 | Report Abuse

seems like nobody interested to find out the mgo of this bjland.

few interesting points of this bjland,
1. volume pickup substantially since 7 months ago. it used to be trade at few k lots per day or none trade at all.

2. sudden sell off of 180 million asset and as net gain, no material effect on the share price at all.

3. bjland mainholder hold almost 85% stake.

4. the owner publicly announce to privatise bjland.

do we actually misinterpret the above movements?

Posted by 129055444514385 > 2019-07-11 09:12 | Report Abuse

wow, dulu RM4+ per syer//// directors of bjland should be replaced entirely :)


Summary from 08/05/2009 to 25/06/2019
Highest Price 4.3800 First Occurred on 20/07/2010
Lowest Price 0.1950 First Occurred on 18/12/2018
Highest Volume 230.000m First Occurred on 28/02/2019

Posted by 129055444514385 > 2019-07-11 09:14 | Report Abuse

@skyu sabar sedikit, mungkin vt sedang mencari partner atau wang ... belum tak cukup e.g. refund gst belum dapat kot? haha

Posted by 129055444514385 > 2019-07-11 09:14 | Report Abuse

just timing difference for privatisation, fingers crossed

Posted by 129055444514385 > 2019-07-11 09:15 | Report Abuse

rm4+ dulu, kini, 18sen+.... worthwhile to privatize and relist later e.g. maxis, astro, leong hup, kfc.... why not?

Summary from 08/05/2009 to 25/06/2019
Highest Price 4.3800 First Occurred on 20/07/2010
Lowest Price 0.1950 First Occurred on 18/12/2018
Highest Volume 230.000m First Occurred on 28/02/2019

Posted by shortinvestor77 > 2019-07-11 09:32 | Report Abuse

No faith you will be fruitful in your investment just sell and leave this counter. Got faith then stay with us in the same boat.

Posted by Good123 > 2019-07-11 09:54 | Report Abuse

short term traders set stop loss at 1 or 2sen boleh jalan dulu haha

Posted by JeffreyTing > 2019-07-11 10:03 | Report Abuse

Bless him with my middle fingers too....

Posted by Good123 > 2019-07-11 10:27 | Report Abuse

from rm4 to 18.5sen , the whole bod should be removed during the coming agm.

Posted by Good123 > 2019-07-11 10:29 | Report Abuse

share buyback by bjland could trigger privatization too... got a lot of retained earnings boleh buyback shares juga

Posted by skyu > 2019-07-11 10:30 | Report Abuse

from the fact, everything looks advantage towards privatisation. but, at the same time looks fishy as well.

yes, I am sabar. just need to discuss if anyone have clues what is behind. interesting lesson. I dont buy alot bjland.

anyone remember bjretail story ?

Posted by Good123 > 2019-07-11 10:39 | Report Abuse

vt was very generous 8 years ago for privatization ...shareholders should be positive for bjland too.

Berjaya Retail to be privatised, Tan offers 65 sen per share


Saturday, 12 Mar 2011
12:00 AM MYT

PETALING JAYA: Seven months after its initial public offering (IPO), Berjaya Retail Bhd (BRetail) is now being privatised by its major shareholder Tan Sri Vincent Tan Chee Yioun through his vehicle Premier Merchandise Sdn Bhd.
Tan is making a general offer for all the BRetail shares and irredeemable convertible preference shares (ICPS) he does not own for 65 sen in cash per share.

The offer price represents a significant premium of 22.5sen or 53% over BRetail’s last traded price on March 4. The premium is even higher for the ICPS, at 31.5 sen or 94%, which was last traded at 33.5 sen. Both BRetail’s shares and ICPS had been suspended from trading since Monday. It isn’t clear why Tan is buying back his company so quickly after listing it but the perceived undervaluation of the shares could be a factor.
Premier Merchandise said in a statement that since BRetail’s listing on August 16 last year, its shares and ICPS had not performed well on Bursa and that it had been trading below the IPO price of 50 sen most of the time, “save for a number of occasions where the highest price traded for BRetail shares was 56.5 sen, whilst the highest price traded for BRetail ICPS was 51 sen on the date of listing”.

Premier Merchandise added that it was offering minority shareholders of BRetail “the opportunity to exit at an offer price significantly higher than the IPO price or the current market price of BRetail shares and ICPS.”
“The offer price represents a significant upfront cash yield to the holders of BRetail and ICPS,” it said. The 5-day volume weighted average market price of BRetail shares up to March 4 was 41.2sen.
Premier Merchandise said its equity interest in BRetail had increased from 26.62% to 58.71% of the enlarged issued and paid-up share capital of BRetail as a result of the conversion of its BRetail ICPS into new BRetail shares on March 2. In view of this, Premier Merchandise said it had a statutory obligation to undertake an unconditional mandatory take-over offer to acquire all the remaining BRetail shares and BRetail ICPS not already owned by it and parties acting in concert with it.
It is extending the offer to the parties acting in concert.
Premier Merchandise said Tan controlled 100% indirect equity interest in it, via HQZ Credit Sdn Bhd and therefore the “ultimate offeror” for the offer. Prior to the conversion of the BRetail ICPS by Premier Merchandise, Tan’s combined direct and indirect interest in BRetail was 73.62%.
As at yesterday, his combined direct and indirect interests in BRetail was 85.16%. An investment banker said one could not rule out the possibility that Tan, post the privatisation of BRetail, may have other corporate exercises planned, such as adding more businesses to it or merging it with other companies for a possible listing overseas.

Posted by Good123 > 2019-07-11 10:40 | Report Abuse

vt likes to surprise people with his sales background :)

Posted by Good123 > 2019-07-11 10:49 | Report Abuse

dont curse vt lah, later u guys will bless him :)

Posted by Good123 > 2019-07-11 10:52 | Report Abuse

PE is around 5 only ... :)

Posted by Good123 > 2019-07-11 10:53 | Report Abuse

later, if Kyoto hotel is sold and compensation received from jeju project, etc... pe will be less than 1, maybe haha

Posted by Good123 > 2019-07-11 10:55 | Report Abuse

bjtoto and magnum if merged also good, games and locations more or less the same, a lot of synergies e.g. rental, staff cost, more games per location, etc

Posted by Good123 > 2019-07-11 10:59 | Report Abuse

leong hup pe about 14, net assets per share ~39sen, share price 94sen, bjland pe~5, net assets per share 85sen, share price only 18.5sen??? :)

Posted by Good123 > 2019-07-11 11:00 | Report Abuse

I think remove all the BODs, tak pandai mengurus bjland

Posted by markmark > 2019-07-11 11:39 | Report Abuse

All the family members of VT must be remove from board and management.

Posted by Good123 > 2019-07-11 11:39 | Report Abuse

bjland should stop using money of the company to buy more related companies punya share... pay dividend like leong hup, etc , share price can be back to above rm1

Posted by Good123 > 2019-07-11 11:41 | Report Abuse

net assets per share , PE, much better than leong hup tapi share price macam taik sebab tak bayar dividend

Posted by markmark > 2019-07-11 11:41 | Report Abuse

If Good123 or anyone sifu from here become Bjland management, share price can easily double to 36 sen

Posted by Good123 > 2019-07-11 12:00 | Report Abuse

minority shareholders must form a group to push for dividend policy during the coming agm and urge to replace all the incapable BODs like what fgv did recently.. fgv share price rebounded from 60sen to rm1.1 almost double...

Posted by Good123 > 2019-07-11 12:02 | Report Abuse

Warren buffet stated , look at the mgmt team, the most important factor... non performing team members should be removed and replaced, as easy as ABC

Posted by Good123 > 2019-07-11 12:04 | Report Abuse

new regulations should be made to deter listed companies from using company funds to buy related companies punya shares at the expense of minority shareholders.. MSWG should pioneer this effort, etc to uphold the interests of minority shareholders

Posted by markmark > 2019-07-11 14:28 | Report Abuse

Push down bit by bit.

Posted by stahl2017 > 2019-07-11 14:38 | Report Abuse

volume so inconsistent, highly manipulate

Posted by Arpita Roy Kundu > 2019-07-11 14:43 | Report Abuse

hello

Posted by Good123 > 2019-07-11 15:35 | Report Abuse

friendly parties to buy enough first probably

Posted by Good123 > 2019-07-11 15:35 | Report Abuse

the final countdown is approaching

Posted by stahl2017 > 2019-07-11 16:18 | Report Abuse

Yeah final countdown to hell, 5m sell force on 0.18, buyer dun even need to queue

Posted by shortinvestor77 > 2019-07-11 16:26 | Report Abuse

Eating 0.18.