Posted by Good123 > 2019-07-31 12:46 | Report Abuse

someone accumulates in stages? reach a level can sell to vt like penta? :)

Posted by MACHX > 2019-07-31 14:01 | Report Abuse

VT sudah cabut.

Posted by Eddysurge > 2019-07-31 15:08 | Report Abuse

Simply left to right.

Posted by stahl2017 > 2019-07-31 15:20 | Report Abuse

accumulate? left right hand also count as accumulate ah?

Posted by 1536373271 > 2019-07-31 16:19 | Report Abuse

wow.....drop more....

Posted by limkopi > 2019-07-31 16:27 | Report Abuse

i really think will hit 0.15 then either privatise +30% at 0.195 or release news to boost share price up about 50% to 0.225

Posted by stahl2017 > 2019-07-31 16:27 | Report Abuse

today sure dapat 0.165

Posted by limkopi > 2019-07-31 16:30 | Report Abuse

if you notice the buy queue is also very weak, indicating very fast will drop to 0.160, i think most trades are artficial left hand right hand trades, not much retail investors left with confidence who are trading this share anymore

Posted by stahl2017 > 2019-07-31 16:36 | Report Abuse

yeah not much retail left, if boss wanna press down the price, he can do it anytime... but he seem like not in rush to do that. I just don't understand why he want to create volume. As in for the past few yrs, he can press down the price so much even without creating huge vol like now.

Posted by limkopi > 2019-07-31 16:57 | Report Abuse

yea i believe VT can do it anytime, with 85% shares in hand he could have pressed to 0.005 also and nobody can say anything, he could have gone ahead with the privatisation doing that as well, would bursa have said anything if that happenened

Posted by stahl2017 > 2019-07-31 17:07 | Report Abuse

This is the reason no retail wanna buy, no matter how undervalue and how good the future is..When boss say game over, it's mean game over. While for those who r trapped like me, only can pray hard...

Posted by kahhoeng > 2019-07-31 17:18 | Report Abuse

I genuinely don't believe in accumulating more BJLand shares or selling them immediately. Hopefully, VT will offer a reasonable exit option to us minorities. My valuation on BJLand remains between 0.60 - 1.00 per share, and a special dividend of 0.05 - 0.20 per share plus an exchange into BJCop share at 0.30/0.38 ratio offered to Penta earlier should be fine.

Posted by freetospeak > 2019-07-31 17:19 | Report Abuse

Vt can press to to 0.05 but he can never privatise at that price...minority will not let him privatise too low a price...most minority are long term holder...he has no chance to buy over all those long term holder share unless he gives a good price... if he is really interested in privatising.

Posted by freetospeak > 2019-07-31 17:23 | Report Abuse

ppl always tot he can force takeover at 90%..if u know the law...that aint happening. he need 90% of the remaining share AFTER he annouce general offer to all. his share prior to that doesnt count.

Posted by stahl2017 > 2019-07-31 17:35 | Report Abuse

worst scenario is delist without 100%privatise

Posted by freetospeak > 2019-07-31 17:55 | Report Abuse

if he wan to do that he dun need press to 0.05..he need only buy another 1 % to activate public spread limit n delist it. the price will freefall to 0.05 the next day super fast...think he is not doing that now. y waste so much effort pressing the price if he jus want to delist it with no 100% control.

Posted by skyu > 2019-07-31 21:34 | Report Abuse

delist and privatise I supposed are the same thing, no ? once he privatised, that would mean he will delist at the same time.

why some companies there are made to make mgo eventthough they hold 48% of shares?

Freetospeak, do u really have these corporate exercise rules knowledge? can u ols elaborate further or tell me what is the next thing this bjland would do ?

Posted by Leong1982 > 2019-07-31 22:18 | Report Abuse

I don't understand what freetospeak was trying to say at all....

Posted by kahhoeng > 2019-08-01 00:03 | Report Abuse

My understanding (1) VT can delist so long he has 90% and above shares of BJLand, but (2) VT may not get 100% share if the price is not right, there are always some 'willing' to fight back.

Posted by Bettyem > 2019-08-01 00:52 | Report Abuse

Correct me if I am wrong?
* The are 15% free floating shares, out of which 8 7% are held by large funds like Macquarie Bank & Penta with balance of 6.3% held by retail?
Refer link
https://ibb.co/HzQXFr0
* VT can delist/privatise by buying 1% more to activate public float limit but he can't forced acquisition of remaining shares from minority unless he can get 90% of remaining shares (90% X 15% = 13.5%).
* In other words VT needs 85% + 13.5% =98.5% before he can forcefully acquire the remaining shares (1.5%) to delist with 100% control.
* It's unlikely Penta & Macquarie Bank (with 8.7%) will accept anything less than 38 sens to sell, given the earlier Penta/BJCorp deal.

Posted by freetospeak > 2019-08-01 08:40 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/07/17/a-better-deal/

MSWG CEO Devanesan Evanson told StarBiz that allowing minorities a better exit value in the context of the Malaysian delisting rules, for example, on the whole would benefit the shareholders, the exchange and the capital market.

Commenting on the current delisting rules of listed firms in the country, he said the offerers undertaking a compulsory acquisition would need to have valid acceptance of at least 90% of the shares held by non-interested or independent shareholders

Read more at https://www.thestar.com.my/business/business-news/2019/07/17/a-better-deal#VGEKKLIayFHFYTeb.99

Posted by freetospeak > 2019-08-01 08:41 | Report Abuse

compulsory acquisition would need to have valid acceptance of at least 90% of the shares held by non-interested or independent shareholders....the non-interested or indeendant shareholders is the key..VT is interested parties so he cannot count.

Posted by freetospeak > 2019-08-01 08:47 | Report Abuse

malaysia shld hav the singapore new rule, this will discourage company from getting delisted n listed to take advantage of minority.

Posted by skyu > 2019-08-01 09:05 | Report Abuse

thanks guys for my better understanding now. seems like new is created every trading days and I cant afford to cut lost.

Posted by skyu > 2019-08-01 09:12 | Report Abuse

do u guys still have confidence with bjland to offer a reasonable exit price for minority?

Posted by freetospeak > 2019-08-01 09:16 | Report Abuse

go ask VT nex AGM. last chance.

Posted by signalmw > 2019-08-01 09:18 | Report Abuse

Bankrupt ke?

Posted by kahhoeng > 2019-08-01 09:26 | Report Abuse

VT not attending BJLand AGM...

Posted by skyu > 2019-08-01 09:29 | Report Abuse

when is the agm ?

Posted by freetospeak > 2019-08-01 09:30 | Report Abuse

go bjcorp agm then.

Posted by shortinvestor77 > 2019-08-01 09:32 | Report Abuse

Once offered, retails can sell half of their shares at reasonable price. Then wait for highest offer to sell another half portion.

Posted by kahhoeng > 2019-08-01 09:33 | Report Abuse

VT asked to give him a year last AGM...

Posted by kahhoeng > 2019-08-01 09:41 | Report Abuse

then, within a month or two after AGM, VT had a press conference telling all he's selling Kyoto Four Season 'soon' that has yet to materialize, BJLand and 7-11 acquisitions that BJCorp and BJLand BODs are clueless, and ooh, not to mention the hotels listing in Singapore. The situation is further upgraded to another new level with Bursa and SC agreeing to VT holding almost 85% without having to made a MGO to other minorities by acquiring "part of" Penta's BJLand shares bought only weeks ago...

Posted by kahhoeng > 2019-08-01 09:43 | Report Abuse

Ahhh.... another thing, VT said hotel disposal ended up with another hotel group acquisition and the announcement of Okinawa Four Seasons as if the acquisition and new hotel are not in his plan earlier...

Posted by skyu > 2019-08-01 09:46 | Report Abuse

guys, he agm date of bjland still not release yet? I have a WhatsApp group to discuss klse, is very quiet nowadays as we used to discuss armada. if any bjland holders would like to join, pls text me at 0112 710 5671, just for discussion and learning purpose. thanks

Posted by miniminer > 2019-08-01 10:09 | Report Abuse

Price already move down by just half million RM of sell transaction.....where all the promoter?? ...hehehe.......

Posted by MACHX > 2019-08-01 10:50 | Report Abuse

https://translate.google.com.hk/translate?sl=auto&tl=en&u=http://www.jemin.com/news/articleView.html%3Fidxno%3D608977

jeju case has a long way to go

Posted by Bettyem > 2019-08-01 11:28 | Report Abuse

Thxs for the inside knowledge/update. Most impairment loss on JeJu Korea project has been provided for earlier in Berjaya Group's accounts. So no more surprises, any compensation from Korea will be a Bonus!. Looks like VT might use his cables with TunM for a G2G resolution soon?

Any updates on the following?
* Selangor Turf Club land and outcome of Selangor Govt's appeal on Compensation to Berjaya?
* GMOC Arbitration for RM600 million as coming to year 2 already & sale of FS Kyoto, as apparently there is an embargo on VT/Family's hush hush trip to Japan last week?

Posted by freetospeak > 2019-08-01 11:32 | Report Abuse

another reason for the pressing down of bjland becoz the jeju compensation also accounts into the fall of bjland share price after the jeju lawsuit.

Posted by freetospeak > 2019-08-01 11:33 | Report Abuse

Kim Han-wook, CEO of the JDC, said at a press conference Wednesday that he was told the project developer is preparing for the suit, seeking approximately 5.1 trillion won ($4.2 billion) in compensation for the project which was stopped last year.

The compensation reportedly includes damages such as construction costs, loss of future profits and losses from falling share prices

Posted by freetospeak > 2019-08-01 11:35 | Report Abuse

so i think its natural VT will want to press down the price when the lawsuit is coming into conclusion.

Posted by freetospeak > 2019-08-01 11:36 | Report Abuse

otherwise i c no benefit he wants to press it down if he is not privatising n not delisting.

Posted by stahl2017 > 2019-08-01 11:37 | Report Abuse

10m block at 0.17 , why?
Why wanna create vol instead of just let Bjland sleep?

Posted by Bettyem > 2019-08-01 11:56 | Report Abuse

To kill 2 birds with one stone i.e to have volume to meet Bursa requirements for free float & press down the price to justify better compensation for Korea Govt. on JeJu project coming to completion with Govt. intervention through "the Agreement on the Promotion and Protection of Investment between Korea and Malaysia, entered into force in 1989"

https://translate.googleusercontent.com/translate_c?depth=2&nv=1&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=http://m.jemin.com/news/articleView.html%3Fidxno%3D608977&xid=17259,15700021,15700186,15700190,15700256,15700259,15700262,15700265&usg=ALkJrhiTROy88S70QCsESbjcr7-3niJGcA

Posted by Bettyem > 2019-08-01 12:00 | Report Abuse

Expected dispute settlement within 3 months by October or EOY?

Posted by firehawk > 2019-08-01 12:01 | Report Abuse

0.16 !!!

Posted by firehawk > 2019-08-01 12:03 | Report Abuse

many "value investors" finish their bullets alrdy ... but value non-stop to emerge ......

Posted by gangnam > 2019-08-01 12:09 | Report Abuse

Lol...still have 60% cash to invest. Waiting for VT's signal to sailing!

Posted by shortinvestor77 > 2019-08-01 13:02 | Report Abuse

not yet sailang. Waiting at 0.005.

Posted by 129055444514385 > 2019-08-01 13:07 | Report Abuse

Ok ok grab more :)

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