Dear Invest123, not nice to say like that. We only human and no body can always predict Mr. Market correctly all the time.
When i start promoting this counter which is at 24 April, price was around 0.98. I always kept BCB in my watch- list and told myself to grab this gems 1 day. I also felt "hit liver & heart " when BB announce to offer a GO at RM1 which according to MSWG ( not reasonable and fair ).
Luckily experience from the development in HLCAP and Intergrax pay off ( this both counters i miss out totally ).
4th quarter results out next month. Based on last year, dividend was declared on same day as announcement of 4th quarter results. Lets hope for some good dividend this year considering 9 months profit already up 33 %.
What does the major shareholder, Evergreen Ratio knows that most of us does not ?
With the MGO, ER now controls about 60% ( together with PACs of 3% ). My understanding after investing in BCB for more than 3 years are as follows :
The company has been on expansionary drive over the past few years with major land bank increase viz the Concerto land in Mont Kiara, the Home Tree land in Kota Kemuning and The Elysia Park Residence land in Medini Iskandar.
The total GDVs of all these projects together with the landed property township projects in Batu Pahat, Kluang and other parts of Johor is more than RM 4 billions.
Firstly, the landed property township projects in Johor have been BCB's bread and butter for the past many years, since listing in December 1996. With the 3 major land acquisitions, the company has transformed and is no longer only a jaguh kampung in Batu Pahat and Kluang.
Recently, they launched the 2nd phase of Home Tree, second batch of bungalows in Kota Kemuning and currently they are on a registration drive for a pending launch of semi-Ds, cluster homes and linked houses, all in Kota Kemuning. Their 1st phase of bungalows which were almost sold out, still left 3 units, I think, are completing by end 2015.
The Concerto project in Mont Kiara is also completing by end 2015. Usually progress billings will pile up at the tail end of projects and I believe the 1st and 2nd quarters of the FY 2016 revenue will improve significantly.
The official launch of The Elysia Park Residence, a RM 1.2 billion is slated for 7 August 2015 to be officiated by DYMM, the Sultan of Johor. ( per BCB's facebook )
With the pending launch of the RM 1.8 billion Home Tree second phase bungalows, semi-Ds, cluster homes and linked houses, exciting times are ahead.
Are these the only reasons why the major shareholders launched the MGO ?
The Elysia Park Residence may be able to attract a lot of foreign buyers since the ringgit has depreciated so much over the last 12 months..... https://www.youtube.com/watch?t=85&v=64sDtZja8Hk
Is the Elysia project still moving? It was reported that Iskandar residential units sales is slow, just do not know if it affects BCB's Elysia Project.
Following the land purchase, BCB said that shoplots demand in Iskandar remains high. Anyone of you can confirm if this is the case? The property markets in Iskandar and Klang Valley are experiencing slow down. Hope that the demand for the shoplot project is still high as what the management anticipated and the units can sell. If it does not turn out in this way and the project has to be held back for the time being, then I think it will be a burden to carry the finance cost.
SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS) BCB BERHAD ("BCB" OR "COMPANY") (I) PROPOSED SHARE SPLIT; AND (II) PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
BCB BERHAD
Type Announcement Subject SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS) Description BCB BERHAD ("BCB" OR "COMPANY")
(I) PROPOSED SHARE SPLIT; AND
(II) PROPOSED AMENDMENTS
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") On behalf of the Board of Directors of BCB, Public Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:
(i) share split involving the subdivision of every one (1) existing ordinary share of RM1.00 each in BCB held by the entitled shareholders of BCB on an entitlement date to be determined later into two (2) ordinary shares of RM0.50 each in BCB ("Proposed Share Split"); and
(ii) amendments to the Memorandum and Articles of Association of BCB to facilitate the implementation of the Proposed Share Split ("Proposed Amendments").
The Proposed Share Split and Proposed Amendments are collectively referred to as the “Proposals”.
Please refer to the attachment for further details on the Proposals.
Concerto, handing over by December 2015. Home Tree by 1st quarter 2016. Standard S & P states 20% final payment on handing over of keys. Therefore, we should be looking at 20% revenue from Concerto overall sales in 4th quarter 2015 and 20% revenue from Home Tree overall sales in 1st quarter 2016. In addition, there should be contribution of 10 % progress payment from Elysia Medini and sales from Johore landed projects.
SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS) BCB BERHAD ("BCB" OR "COMPANY") (I) PROPOSED SHARE SPLIT; AND (II) PROPOSED AMENDMENTS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
BCB BERHAD
Type Announcement Subject SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS) Description BCB BERHAD ("BCB" OR "COMPANY")
(I) PROPOSED SHARE SPLIT; AND
(II) PROPOSED AMENDMENTS
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") We refer to the Company’s announcements dated 3 November 2015 and 4 November 2015 in relation to the Proposals.
On behalf of the Board of Directors of BCB, Public Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad had vide its letter dated 6 November 2015 (which was received on 9 November 2015) approved the Proposed Share Split.
Quarter ended 31/12/15 to be out in Feb 2016 and quarter ended 31/3/16 to be out in May 2016 should be very strong with the completion of Concerto and Home Tree.
Going forward, what will be very interesting will be the launching of semi-Ds, linked houses and cluster homes at Home Tree, Kota Kemuning. The original acreage was 151 acres with GDV of about 2 billion and the undeveloped balance is about 130 acres after the successful launch and completion of Home Tree Phase 1 in early 2016. Note that EcoWorld and Tropicana have launched their bungalows, semi-Ds and linked houses recently further inside Kota Kemuning and both reported strong sales.
1st quarter results below expectation but quarters to watch out will be ending 31/12/15 and 31/3/16 with completion billing for Concerto and Home Tree. However, profit margin from operations and PBT improved from 16.2% to 23.4% and from 12.1% to 17.2% respectively. Wonder whether this is due to better product mix? Going forward, billings should be from on going landed projects in BP and Kluang, condos at Elysia Medini as well as pending launches for Home Tree semi-Ds, linked houses, cluster homes as well as shop lots. in addition, there is pending commercial developments in the form of shop lots in Medini as well. Other than this, pending sales of unsold balance of about 175 million from Concerto will help, too.
Outcome of Meeting The Board of Directors of BCB Berhad ("the Company") wishes to announce that all the resolutions tabled at the Extraordinary General Meeting of the Company held on 17 December 2015 were duly passed by the shareholders of the Company.
Johor The Group has 3 township projects in Batu Pahat collectively garnering about 65% share of the market. In addition, it is also the largest developer in Kluang. It has various on-going projects in Kluang and Johor Bahru.
a) Bandar Putera Indah This 390 acres township is an up-coming satellite suburb of Batu Pahat. The proposed high speed rail linking Kuala Lumpur to Singapore is expected to have a station nearby thereby increasing the township’s appeal. Double storey terrace houses are reasonably priced below RM500,000 per unit. Total GDV is about RM1.1 billion. To-date about RM120 million worth of properties have been sold.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Invest123
1,634 posts
Posted by Invest123 > 2015-07-24 16:11 | Report Abuse
Those sold below 1 earlier, now hit heart liver.