Posted by stahl2017 > 2019-07-15 23:10 | Report Abuse

I don't see a rush buying here, buy & sale always VT's style. It's a make sense deal, taking advantage of WOW Airline bankruptcy (Icelandair take this chance to capture aviation market) and weak Iceland Krona .

Posted by miniminer > 2019-07-15 23:54 | Report Abuse

Sound like a good deal bunddle with Northern Lights offer in the coolest and most expensive city??
1 second, may be Malaysian or Asian yet to learn about these:- How about lahar strike cause by volcanic eruption or even snow and glaciers, Glacial Outburst cause flood to hotels, surrounded by active volcanic system, lava strike & building burn down, frequent Earthquakes, Strong gale (wind > 80KM per hour), Storm, risk of Sinking Iceland Volcano Crater, potential drastic climate change, the move away of North poles........take these in into risk management and cost to business, don't just look at 1 year best performance financial data for decision, at least read 7 - 10 years of financial performance.....but I do support to issue dividend....hehehe.....

Posted by Bettyem > 2019-07-16 01:23 | Report Abuse

Companies in focus on 16/7?

https://www.theedgemarkets.com/article/bland-axis-reit-multi-sports-chin-hin-pegasus-heights-omesti-tex-cycle-and-ijm

Posted by Good123 > 2019-07-16 07:51 | Report Abuse

ada strong point to spin off hotel segment via IPO... but this acquisition was announced in Malaysia few days late right?

Bjland has acquired a 75% stake in a hotel operator in Iceland for US$53.63mil (RM222.03mil).
BLand, in a statement, said wholly owned unit Berjaya Property Ireland Ltd (BPIL) had entered into a deal on July 13 to buy the controlling stake in Icelandair Hotels ehf for US$53.63mil cash (RM222mil).
Icelandair Hotels currently operates 20 hotels located all around Iceland with a total of 1,811 rooms.
In addition, a new five-star, 145‑room hotel developed in collaboration with Hilton Hotels is scheduled to be launched in Reykjavik’s Parliament district in 2020.
BLand said the total earnings before interest, taxation, depreciation and amortisation of these hotels was about US$12mil for the financial year ended Dec 31, 2018.
Total revenue in 2018 was US$97mil.
“I am very pleased with this investment, which is at a low entry cost, with an average cost/price of about US$75,096 per room,” Tan said in the statement.
Icelandair will hold the 25% stake for a minimum of three years. The agreement includes a put and call option on the remaining 25% stake, which will allow BPIL to eventually own a 100% equity interest.
The deal also includes a restructuring of Icelandair Hotels that involves the refinancing of debts.
The completion of the transaction is set to be by the end of this year, subject to the fulfillment of conditions by both parties.
“The Icelandair Hotels is one of the largest hotel chains in Iceland, and its hotels are operated at a very high standard by a passionate and dedicated team. We are delighted to add this hotel group to our growing network of hotels and resorts,” Tan said.
Besides increasing Berjaya’s presence in the European region, this acquisition also increases the room inventory of the Berjaya group of hotels from about 4,200 to 6,011 rooms, with an additional 1,811 rooms. Currently, the Berjaya group of hotels is operating under the Berjaya Hotels and Resorts, Four Seasons and Sheraton brands in Europe and Asia.
The group’s current portfolio of 19 city and resort hotels are located in Malaysia, Vietnam, the Philippines, Japan, Sri Lanka, the Seychelles and the United Kingdom.

Posted by Good123 > 2019-07-16 07:53 | Report Abuse

only out last night after market tutup kan? today up, probably

KUALA LUMPUR (July 15): Based on corporate announcements and news flow today, companies that may be in focus on Tuesday (July 16) may include:  Berjaya Land Bhd (BLand), Axis Real Estate Investment Trust (REIT), Multi Sports Holdings Ltd, Chin Hin Group Bhd, Pegasus Heights Bhd, Omesti Bhd, Tex Cycle Technology (M) Bhd and IJM Corp Bhd.
Berjaya Land Bhd (BLand), which is controlled by tycoon Tan Sri Vincent Tan, is buying a 75% stake in Icelandair Hotels ehf in a US$53.63 million (RM222.03 million) deal that would allow the group to enter the luxury hotel segment in Iceland.
It said the proposed acquisition is in line with the group’s geographical diversification and revenue expansion.
"The luxury hotel segment in Iceland is expected to grow and the proposed acquisition will enable the group to enter this segment with strategically located hotels in the heart of Iceland, as well as certain hotels being operated under the Hilton brand name," it added.

Posted by Good123 > 2019-07-16 07:56 | Report Abuse

speculators, investors rush to buy today fingers crossed

Posted by unorthodox > 2019-07-16 08:32 | Report Abuse

What you can expect to see is more of the same!

Posted by Eddysurge > 2019-07-16 08:33 | Report Abuse

Sendiri goreng,

Posted by Good123 > 2019-07-16 08:37 | Report Abuse

(吉隆坡15日讯)丹斯里陈志远属下公司收购冰岛酒店，进一步扩增海外酒店资产。
陈志远控制的成功置地(BJLAND,4219,主板消费产品服务组)将通过子公司成功产业爱尔兰有限公司(Berjaya Property Ireland Limited，BPI)，向冰岛航空集团(Icelandair Group)收购冰岛航空酒店集团与相关房产的主要股权，双方已签署股权买卖协议。
根据协议，BPI将收购冰岛航空酒店集团的75%股权，而冰岛航空集团须在至少3年内继续持有25%股权；BPI也有权收购剩余的25%股权。
双方预期将在年底完成交易。
上述交易对冰岛航空酒店集团的企业价值为1亿3600万美元(约5亿5900万令吉)。

Posted by Eddysurge > 2019-07-16 08:51 | Report Abuse

Use investors investment to owns properties. Afterwards, trapped investors by downfall the market value.

Posted by tt101 > 2019-07-16 08:54 | Report Abuse

18 Apr 2019,The 33rd Division of civil courts in the Seoul Central District Court ruled on plaintiffs' dismissal in a lawsuit filed by Berjaya Jeju Resort (BJR), a Jeju corporation in Malaysia's Berjaya Group, against Jeju Island.

The court dismissed the claim of the plaintiff Berjaya Jeju Resort and ruled that the plaintiff would bear the cost of the lawsuit.

18 Apr 2019, 首尔中央地方法院第33分区民事法庭裁定原告在马来西亚成都集团济州公司Berjaya Jeju Resort（BJR）提起的针对济州岛的诉讼中被驳回。

法院驳回了原告Berjaya Jeju Resort的诉讼请求，并裁定原告将承担诉讼费用。

https://www.hankyung.com/society/article/201904189277Y

Posted by Good123 > 2019-07-16 09:11 | Report Abuse

jeju has been written off in the accounts, if any compensation, it is just bonus

Posted by Good123 > 2019-07-16 09:23 | Report Abuse

net assets per share 85sen, now 18sen... profitable already

Posted by Good123 > 2019-07-16 09:23 | Report Abuse

now is the time to grab bjland

Posted by Bettyem > 2019-07-16 09:24 | Report Abuse

Right! Already old news as published in April and all impairments on JeJu already provided for in the BJLand's books. Anyway decision only at Sessions Court can still appeal to Higher Courts if required.

Latest news as follows:

BLand buys stake in Iceland company
"BLand said the total earnings before interest, taxation, depreciation and amortisation of these Icelandair hotels was about US$12mil/RM49.3mil for the financial year ended Dec 31, 2018.

Total revenue in 2018 was US$97mil/RM398.7mil

Read more at https://www.thestar.com.my/business/business-news/2019/07/16/bland-buys-stake-in-iceland-company/

Posted by Good123 > 2019-07-16 09:26 | Report Abuse

5mil shares traded... so early

Posted by shortinvestor77 > 2019-07-16 09:28 | Report Abuse

the next hearing date has been set on 25 July 2019.
The JDC Lawsuit is still ongoing.
For tt101 to read it.

Posted by Good123 > 2019-07-16 09:29 | Report Abuse

700,000 shares traded :) correction

Posted by Good123 > 2019-07-16 09:29 | Report Abuse

bjcorp only 70000 shares traded

Posted by Good123 > 2019-07-16 09:30 | Report Abuse

10 times more active than bjcorp

Posted by newbie4444 > 2019-07-16 09:48 | Report Abuse

Buy hotel mean more debts?

Posted by Bettyem > 2019-07-16 10:25 | Report Abuse

More updates on BJLand, Icelandair Hotels acquisition
"BLand said the proposed acquisition was in line with the group’s plans for geographical diversification and revenue expansion.

“The luxury hotel segment in Iceland is expected to grow and the proposed acquisition will enable the BLand Group to enter this segment with strategically located hotels in the heart of Iceland as well as certain hotels being operated under the Hilton brand name,” it said.

The proposed purchase will not have a material effect on the net assets and earnings of the BLand group for the current financial year ending June 30, 2019, but is expected to contribute positively to its future earnings."

http://www.bernama.com/en/business/news.php?id=1746480

Posted by Good123 > 2019-07-16 10:48 | Report Abuse

3mil shares traded

Posted by Good123 > 2019-07-16 10:48 | Report Abuse

uptrend soon

Posted by 7300 > 2019-07-16 10:53 | Report Abuse

see the misai also know is a eat people chow kow

Posted by Leong1982 > 2019-07-16 10:54 | Report Abuse

100% buying for 3.7 mil shares traded.
开始扫票了, just like BJTOTO 3 months ago!!

Posted by Good123 > 2019-07-16 11:03 | Report Abuse

so early, Dan makan 5mil shares ···

Posted by Good123 > 2019-07-16 11:04 | Report Abuse

friendly beli cukup2 , then pick up steam Haha

Posted by Bettyem > 2019-07-16 11:06 | Report Abuse

Yes! 18 sens last call. Big buyers has entered the fray. Trend reversal beginning for BJLand (which owns more 40% of BJToto) just like BJToto which is expecting improved profits for coming results in August with increased operations on illegal 4d operators by Govt.

"Stricter enforcement by the authorities to clamp down on illegal NFOs"

https://www.casinonewsdaily.com/2019/05/21/malaysian-government-moves-to-tackle-illegal-gambling/

Posted by Good123 > 2019-07-16 11:06 | Report Abuse

bjland 5mil shares traded vs bjcorp 200,000 shares traded only haha

Posted by Good123 > 2019-07-16 11:07 | Report Abuse

bjland punya shares is much more liquid than bjcorp lately.

Posted by Good123 > 2019-07-16 11:24 | Report Abuse

18.5sen now, how high can it close at today? :)

Posted by 1431599283521664 > 2019-07-16 11:31 | Report Abuse

back to 18 cent.hope im wrong

Posted by Eddysurge > 2019-07-16 11:42 | Report Abuse

You must know who's selling??? VT..!! Ask icelandair sapu all bjland shares?

Posted by Good123 > 2019-07-16 11:46 | Report Abuse

ingat lagi? :) KUALA LUMPUR (Jan 31): Berjaya Corp Bhd (BCorp) and its wholly-owned subsidiary Juara Sejati Sdn Bhd have entered into an agreement with Penta Master Fund Ltd, PCM Industrial LP and Penta Asia Long/Short Fund Ltd to acquire 4.61% of Berjaya Land Bhd (BLand) for RM87.4 million.

Posted by Good123 > 2019-07-16 11:47 | Report Abuse

38/30 x 26sen per bjcorp ~ 33sen per bjland , In a bourse filing yesterday, the group said the 230 million Berjaya Land shares will be acquired for a total purchase consideration of RM87.4 million or 38 sen per share, to be fully satisfied via the issuance of 291.3 million BCorp shares at an issue price of 30 sen apiece.

Posted by Good123 > 2019-07-16 11:49 | Report Abuse

now, bjcorp 26sen, bjland should be 33sen even without the icelandair hotel deal :)

Posted by Good123 > 2019-07-16 11:51 | Report Abuse

also likely bjland to be privatized based on the penta offer in January 2019

Posted by Good123 > 2019-07-16 11:52 | Report Abuse

not much dilution for bjcorp to share swap with bjland based on the penta deal...

Posted by Good123 > 2019-07-16 11:54 | Report Abuse

acquiring bjland will make bjcorp looks stronger in terms of market cap, it will jump from rm1bil to rm2bil

Posted by Good123 > 2019-07-16 11:56 | Report Abuse

bjcorp and bjland as one entity is more efficient eg cross selling, IPO for some biz, reduce audit, director fees, etc

Posted by Good123 > 2019-07-16 11:57 | Report Abuse

merger bjcorp n bjland, staff cost will be reduced too :)

Posted by Eddysurge > 2019-07-16 12:16 | Report Abuse

Sekarang pun merajuk sebab pembayaran saraan kurang , beli caring konon pakai wang peribadi.

Posted by Good123 > 2019-07-16 12:23 | Report Abuse

just tunggu gengnya dah beli cukup tiket, lepas akan rush to buy more n more abruptly fingers crossed

Posted by Good123 > 2019-07-16 12:24 | Report Abuse

8mil shares traded

Posted by unorthodox > 2019-07-16 12:42 | Report Abuse

"Unlimited" selling at 0.180 is back!

Posted by stahl2017 > 2019-07-16 12:44 | Report Abuse

boss tak kasi naik la

Posted by Bettyem > 2019-07-16 12:45 | Report Abuse

Anyting VT does "Ada Udang disebalik Batu" as Govt. now look seriously at changing the gaming laws for more Legal Gambling in their moves to tackle illegal 4D operators?

Actually VT's 3.1 million purchase of Caring shares is in his personal capacity not for BJGroup. But since PNB is wholly owned by MOF set up to help Bumiputras, it will generate goodwill tremendous goodwill with Govt. (MOF & Minister of Economic Affairs/ex Selangor MB) for VT to further his case for reissue of ESports Betting Licence & favourable compensation for loss of earnings from Selangor Turf Club land to BJGroup?

https://www.casinonewsdaily.com/2019/05/21/malaysian-government-moves-to-tackle-illegal-gambling/

Posted by 129055444514385 > 2019-07-16 14:01 | Report Abuse

from RM4+ to 18sen, remove the entrire board's members haha

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 > 2019-07-16 14:04 | Report Abuse

direct

25/06/2019 00:00:00 0.2000 0.0100 3.500m 64.320m 700,000 12.864m 0.2000 0.0700 -
25/06/2019 00:00:00 0.2000 0.0100 17.350m 64.320m 3.470m 12.864m 0.2000 0.3470 -
25/06/2019 00:00:00 0.2000 0.0100 4.614m 64.320m 922,756 12.864m 0.2000 0.0923 -
25/06/2019 00:00:00 0.2000 0.0100 38.856m 64.320m 7.771m 12.864m 0.2000 0.7771 -
29/03/2019 00:00:00 0.2500 - 781,200 781,200 195,300 195,300 0.2500 0.0156 -
28/03/2019 00:00:00 0.2500 - 2.588m 2.588m 647,000 647,000 0.2500 0.0518 -
27/03/2019 00:00:00 0.2550 - 2.588m 2.588m 659,940 659,940 0.2550 0.0518 -
26/03/2019 00:00:00 0.2600 - 2.588m 2.588m 672,880 672,880 0.2600 0.0518 -
25/03/2019 00:00:00 0.2550 -0.0050 2.588m 2.588m 659,940 659,940 0.2550 0.0518 -
22/03/2019 00:00:00 0.2650 -0.0050 2.588m 2.588m 685,820 685,820 0.2650 0.0518 -
21/03/2019 00:00:00 0.2650 -0.0050 2.588m 2.588m 685,820 685,820 0.2650 0.0518 -
20/03/2019 00:00:00 0.2800 - 2.588m 2.588m 724,640 724,640 0.2800 0.0518 -
19/03/2019 00:00:00 0.2850 - 2.588m 2.588m 737,580 737,580 0.2850 0.0518 -
18/03/2019 00:00:00 0.2850 0.0050 2.588m 2.588m 737,580 737,580 0.2850 0.0518 -
15/03/2019 00:00:00 0.2800 - 2.588m 2.588m 724,640 724,640 0.2800 0.0518 -
14/03/2019 00:00:00 0.2750 - 2.588m 2.588m 711,700 711,700 0.2750 0.0518 -
13/03/2019 00:00:00 0.2750 -0.0050 2.588m 2.588m 711,700 711,700 0.2750 0.0518 -
12/03/2019 00:00:00 0.2750 - 2.588m 2.D588m 711,700 711,700 0.2750 0.0518 -
11/03/2019 00:00:00 0.2800 - 2.588m 2.588m 724,640 724,640 0.2800 0.0518 -
04/03/2019 00:00:00 0.2700 - 2.588m 2.588m 698,760 698,760 0.2700 0.0518 -
01/03/2019 00:00:00 0.2650 -0.0050 2.588m 2.588m 685,820 685,820 0.2650 0.0518 -
28/02/2019 00:00:00 0.3800 0.1150 230.000m 232.588m 87.400m 88.086m 0.3787 4.5997 -
28/02/2019 00:00:00 0.2650 - 2.588m 232.588m 685,820 88.086m 0.3787 0.0518 -
27/02/2019 00:00:00 0.2650 -0.0050 2.588m 2.588m 685,820 685,820 0.2650 0.0518 -
21/02/2019 00:00:00 0.2750 - 1.500m 1.500m 412,500 412,500 0.2750 0.0300 -
17/01/2019 00:00:00 0.2800 0.0050 45.415m 45.415m 12.716m 12.716m 0.2800 0.9082 -
15/01/2019 00:00:00 0.2650 - 17.000m 101.585m 4.505m 26.920m 0.2650 0.3400 -
15/01/2019 00:00:00 0.2650 - 84.585m 101.585m 22.415m 26.920m 0.2650 1.6916 -
18/12/2018 00:00:00 0.1950 0.0100 5.850m 5.850m 1.141m 1.141m 0.1950 0.1170 -
09/10/2018 00:00:00 0.2200 - 2.350m 2.350m 517,000 517,000 0.2200 0.0470 -
12/06/2018 00:00:00 0.3200 -0.0050 480,000 2.350m 153,600 752,000 0.3200 0.0096 -
12/06/2018 00:00:00 0.3200 -0.0050 1.870m 2.350m 598,400 752,000 0.3200 0.0374 -
22/02/2018 00:00:00 0.3150 -0.0050 10,000 200,000 3,150 63,950 0.3198 0.0002 -
22/02/2018 00:00:00 0.3200 - 190,000 200,000 60,800 63,950 0.3198 0.0038 -
15/11/2017 00:00:00 0.4800 -0.0100 6.318m 6.318m 3.032m 3.032m 0.4800 0.1263 -
17/02/2017 00:00:00 0.6000 -0.0200 33.000m 33.000m 19.800m 19.800m 0.6000 0.6600 -
08/11/2016 00:00:00 0.6000 -0.0700 49.480m 49.480m 29.688m 29.688m 0.6000 0.9895 -
28/07/2016 00:00:00 0.7000 - 2.100m 2.100m 1.470m 1.470m 0.7000 0.0420 -
22/07/2016 00:00:00 0.7000 - 5.000m 5.000m 3.500m 3.500m 0.7000 0.1000 -
29/04/2016 00:00:00 0.7000 - 28.000m 28.000m 19.600m 19.600m 0.7000 0.5600 -
23/12/2015 00:00:00 0.7000 -0.0600 80,000 80,000 56,000 56,000 0.7000 0.0016 -
25/09/2015 00:00:00 0.6850 - 12.608m 12.608m 8.636m 8.636m 0.6850 0.2521 -
23/09/2015 00:00:00 0.6850 - 25.587m 98.727m 17.527m 67.628m 0.6850 0.5117 -
23/09/2015 00:00:00 0.6850 - 73.140m 98.727m 50.101m 67.628m 0.6850 1.4627 -
21/07/2015 00:00:00 0.6800 -0.0050 4.307m 4.307m 2.929m 2.929m 0.6800 0.0861 -
15/06/2015 00:00:00 0.6900 -0.0200 9.400m 9.400m 6.486m 6.486m 0.6900 0.1880 -
03/06/2015 00:00:00 0.7100 -0.0150 19.300m 19.300m 13.703m 13.703m 0.7100 0.3860 -
14/05/2015 00:00:00 0.7150 -0.0150 8.000m 8.000m 5.720m 5.720m 0.7150 0.1600 -
29/04/2015 00:00:00 0.7050 0.0050 6.500m 6.500m 4.583m 4.583m 0.7050 0.1300 -
23/04/2015 00:00:00 0.7250 -0.0100 12.000m 12.000m 8.700m 8.700m 0.7250 0.2400 -
31/03/2015 00:00:00 0.7350 -0.0250 2.203m 2.203m 1.619m 1.619m 0.7350 0.0441 -
23/03/2015 00:00:00 0.7400 -0.0300 300,000 300,000 222,000 222,000 0.7400 0.0060 -
10/03/2015 00:00:00 0.7500 -0.0150 620,000 620,000 465,000 465,000 0.7500 0.0124 -
09/03/2015 00:00:00 0.7500 -0.0350 1.200m 1.200m 900,000 900,000 0.7500 0.0240 -
28/01/2015 00:00:00 0.7500 -0.0500 13.000m 13.000m 9.750m 9.750m 0.7500 0.2600 -
21/01/2015 00:00:00 0.7800 -0.0200 5.200m 5.200m 4.056m 4.056m 0.7800 0.1040 -
30/12/2014 00:00:00 0.7500 -0.0500 16.000m 16.000m 12.000m 12.000m 0.7500 0.3200 -
10/11/2014 00:00:00 0.7650 -0.0850 1.512m 1.512m 1.157m 1.157m 0.7650 0.0302 -
27/10/2014 00:00:00 0.7700 -0.0700 350,000 350,000 269,500 269,500 0.7700 0.0070 -
22/10/2014 00:00:00 0.7750 -0.0500 2.000m 2.000m 1.550m 1.550m 0.7750 0.0400 -
21/10/2014 00:00:00 0.7750 -0.0500 2.000m 2.000m 1.550m 1.550m 0.7750 0.0400 -
17/10/2014 00:00:00 0.7700 -0.0300 2.000m 2.000m 1.540m 1.540m 0.7700 0.0400 -