Posted by Stockker > 2015-05-07 14:39 | Report Abuse

Any further news on the MOU between Help Uni and BCB ?

Posted by Invest123 > 2015-05-12 00:04 | Report Abuse

High time to shoot up!

Posted by valueinvestor > 2015-05-16 15:56 | Report Abuse

http://bcbbhd.com.my/project/southern-region/the-elysia-park-residence/

Posted by Stockdummy > 2015-05-17 22:30 | Report Abuse

All of you are ardent followers of BCB. Haven't you heard that management/BOD especially the young Tans are more into flashy cars with number plates " 1" . I wonder whether the company is paying for these expensive cars especially the unnecessary/wasteful number plate. If you want to stay with the company, make the effort to attend the next AGM and grill the management/BOD. Otherwise, don't waste your time here.

Posted by Stockker > 2015-05-18 08:55 | Report Abuse

PETALING JAYA: A combination of pent-up demand, improved buyer sentiment and overall business environment is expected to spur the local property market to its “next market high” in 2018.

As reported in The Star today. Does it mean that the next peak is in 2018 and therefore should start buying now ?

Posted by Invest123 > 2015-05-18 16:43 | Report Abuse

1.20 soon!

Posted by Stockker > 2015-05-18 18:46 | Report Abuse

http://klse.i3investor.com/blogs/MplusOnline/76594.jsp

Per this report, support at 0.945 and first target at 1.11 and second target 1.22.....lets see whether these technical guys have substance or not :)

Posted by camel > 2015-05-21 15:30 | Report Abuse

A group of rubbish. stockdummy, you are right.

Posted by Stockker > 2015-05-22 08:47 | Report Abuse

Let's be objective , it is not right to call outright buy or sell. To help each other, post all info, whether positives or negatives. But it must be based on facts, not emotion . Everyone is entitled to own opinion . But I do agree that any abuse by company / management / BOD should not be tolerated . Also agree that we walk the talk, attend all AGMs to protect your investment.

Posted by valueinvestor > 2015-05-23 11:53 | Report Abuse

http://www.malaysiastock.biz/Report-Analysis/Continuously-Improvement-EPS-KLSE-Stock.aspx
Although BCB ranked third in the chart for 3 Years Continuously Improvement in Revenue & Profit (2012,2013,2014) and it is likely to register another record profit for FY ending 30 June 2015, it is just too bad that does not fall under any research house's radar and hence its share price has not been reflective of its profit growth YTD.......

Posted by Stockker > 2015-05-25 09:03 | Report Abuse

Thanks valueinvestor for posting the link...a sample of the numbers...

These are not rubbish....

3 Years Continuously Improvement in Revenue & Profit (2012,2013,2014)

Stock Code Stock Name Revenue (2014) Revenue (2013) Revenue (2012) Profit (2014) Profit (2013) Profit (2012)
5139
AEONCR
672,762 467,128 344,268 233,874 181,107 128,061
1163
ALLIANZ
4,376,184 3,649,389 3,147,601 423,530 339,231 297,769


6602
BCB
278,507 164,679 123,889 43,594 21,408 10,509


5196
BJFOOD
148,193 121,915 88,598 25,022 22,429 14,639
7174
CAB
672,412 607,745 534,585 19,056 15,622 118
7128
CAMRES
214,321 159,573 123,970 8,852 3,206 2,091
2852
CMSB
1,673,898 1,417,540 1,203,266 341,452 295,270 230,788
5141
DAYANG
876,870 563,364 401,215 217,713 174,678 128,157
7212
DESTINI
166,965 93,314 56,836 21,340 14,005 8,168
0107
EDUSPEC
58,422 34,091 29,066 8,768 1,100 707
0090
ELSOFT
45,143 25,218 18,758 20,789 11,344 6,665
6939
FIAMMA
338,161 292,884 258,450 63,182 50,146 39,828
9261
GADANG
540,702 354,071 246,347 63,451 31,135 17,905
0078
GDEX
158,698 135,154 116,322 24,272 19,255 12,254
0021
GHLSYS
165,419 64,030 53,448 11,453 3,280 2,735
3204
GKENT
506,298 276,512 152,253 51,125 35,690 26,196
7022
GTRONIC
355,044 320,898 290,007 76,216 62,543 48,343
5062
HUAYANG
509,893 408,670 306,412 112,365 95,305 72,511

Posted by eltonooi > 2015-05-25 23:04 | Report Abuse

sudden drop after 3pm...bad market sentiment

Posted by camel > 2015-05-27 15:40 | Report Abuse

don't worry, mr. x always likes to push.

Posted by QQ12 > 2015-05-27 18:20 | Report Abuse

good result just announced.... :)

Posted by Valueseeker > 2015-05-28 08:50 | Report Abuse

Another quarter with solid results
3Qtr Revenue up 52% Cumulative up 61%
PAT up 35% Cumulative PAT up 34 %
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4752977

Hopefully, last quarter will announce good dividend.

Posted by Stockker > 2015-05-28 09:27 | Report Abuse

Steady growth, most important. And improved IR by the company. Imagine not a single report in the media at all !!???

Posted by Valueseeker > 2015-05-28 09:49 | Report Abuse

I like to repost this :

Things are improving. First dividend of 3 sen last year. Here is a summary of some major GDV as per the Annual Report :
Bandar Putera Indah, Batu Pahat : 1.1 billion ( 390 acres, launched 10 % )
Medini Iskandar Malaysia : 1.2 billion ( small units soft launch )
Concerto Mont Kiara : 560 million ( completing this year, 70% sold ?)
Home Tree, Kota Kemuning : 1.8 billion ( soft launch 2nd phase of bungalows )

Total GDV 4.66 billion for a small company with 200 million market capitalization ie GDV/Market capitalization of more than 23 times is quite impressive.

To a certain extent, I do agree that BCB may lack dynamic leadership and management as well as lacking in corporate expertise. I do noticed that there are a number of young family members holding key positions. In total there are 5 family members out of a total of 9 board members.

What is lacking may not be leadership in all areas as the results proved that the company is doing well ; but maybe in areas of corporate finance/investors communication.

The primary goal of corporate finance is to maximize or increase shareholder value.

Posted by mahorse > 2015-05-28 11:08 | Report Abuse

Graham Net Net strategy : I am still learning from the Old School Value website and waiting for expertise guidance from KCChong. Here is the preliminary calculation based on latest results.

Current Assets 950.279 mil
Current Liabilites 473,660 mil
Long term borrowings 180,627

If I based on Graham's NCAV ( Net Current Asset Value ), the results as follows :
CA-CL-LT = 295,992 divide by shares outstanding 206.250 million equals RM 1.435 per share.
Graham's criteria to buy if share price is 2/3 of this value, that means the figure is 2/3x1.435 equals 95.6 sen.

If I based on Graham's NNWC ( Net Net Working Capital ), the results as follows :
Cash + Short term investments + ( 0.75xTrade Debts) + ( 0.5xStocks) - Total liabilities, equals RM 1.156 per share. The question I sought clarification from KCChong is whether do you mark down "Property Development Costs" classed under Current Assets.

Phew, a lot to learn, just some contribution since everyone is looking for cherries :) still learning.

Please feel free to correct my understanding or misunderstanding.

Posted by mahorse > 2015-05-28 16:44 | Report Abuse

Posted by mahorse > May 28, 2015 10:32 AM | Report Abuse
Dear KC, in the case of property stocks, do you mark down "Property Development Costs" which is classified under Current Assets. Thank you.

All depend if the property development can sell well or not. If it can, then it may even worth more than its book value; otherwise it may not worth much at all.

Posted by valueinvestor > 2015-06-08 22:11 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4767085

Posted by valueinvestor > 2015-06-13 15:15 | Report Abuse

http://newlaunch.iproperty.com.my/Elysia-Park-Residence/4982

Posted by theavengers > 2015-06-16 08:44 | Report Abuse

if not mistaken ...bcb will remain listing status..i think they will not change the price

Posted by cashcome > 2015-06-16 09:40 | Report Abuse

i don't quite understand..that means everyone can buy whatever price below rm1 and after that accept the offer to sell at rm1? anyone here please enlighten me

Posted by mahorse > 2015-06-16 11:51 | Report Abuse

Ridiculous offer, at this price pe is less than 6x. NTA 2.06. What kind of rubbish offer !! GDV is in billions.

Posted by Stockdummy > 2015-06-16 12:11 | Report Abuse

Minority shareholders get screwed on a regular basis on Bursa. And this is one prime example.
If you noticed, profit have been on increasing trend the last few years and 4 major projects are running concurrently viz Home Tree, Concerto, Medini and all the housing projects in Batu Pahat and Kluang. In Batu Pahat, you have one of the 5 HSR stations to be located here.
The major shareholders are very very smart and they think minority investors are very very stupid. Are you ?

Posted by chiowmin > 2015-06-16 13:54 | Report Abuse

minority shareholders can reject the offer & ask for higher price? or can I don't accept the offer?

Posted by mahorse > 2015-06-16 14:06 | Report Abuse

Can reject but higher price is up to the offeror. The independent adviser will say whether the price is reasonable or not. Personally, I think it is a no brainer advice that it is not fair and unreasonable.

Posted by Invest123 > 2015-06-16 21:37 | Report Abuse

Stupid idiot offer! 1.50 ok.

Posted by Invest123 > 2015-06-16 21:40 | Report Abuse

If we don't accept then how?

Posted by mahorse > 2015-06-16 23:07 | Report Abuse

You see why this is a rubbish offer. Not even a single English daily picked up the story.Adoi Adoi :))))))))))))

Posted by stycheng > 2015-06-16 23:41 | Report Abuse

Major shareholders thinks minority shareholders are morons.

Posted by whichone > 2015-06-17 00:04 | Report Abuse

the boss is con-man............so ...

Posted by stycheng > 2015-06-17 00:07 | Report Abuse

According to the announcement, if less than 50% of remaining shareholders do not accept the offer, the mandatory GO will be called off. Looks like minority shareholders are caught i.e. if offer is rejected, BCB becomes more illiquid to trade. If offer is accepted, they are shortchanged. Minority Shareholders Watchdog Group should raise the red flag!

Posted by stycheng > 2015-06-17 00:19 | Report Abuse

Sorry, correction : Note 4.2 of the announcement says "If the offeror failed to own more than 50% of BCB shares (including shares that had already been held) at the closing date of the offer, the GO will be called off and monies will be returned to shareholders who had accepted the GO."

Posted by mahorse > 2015-06-17 07:47 | Report Abuse

The so called independent directors have said no other alternative bidders will be sought to make take over offer. I am extremely curious how and why they have arrived at this quick decision !!!!

Posted by mahorse > 2015-06-17 10:00 | Report Abuse

Market expecting higher revised offer. But I think the sneaky ones will throw down to below 1.

Posted by Invest123 > 2015-06-17 10:09 | Report Abuse

At this moment of bad market sentiment, really ugly to come out with such stupid idoit offer!

Posted by mahorse > 2015-06-17 10:42 | Report Abuse

Maybe should check with MWSG on this matter.

Posted by stockker > 2015-06-17 15:54 | Report Abuse

Loyal shareholders who have been holding for years ought to write to the company and ask the independent directors why they are so efficient and prompt in deciding not to seek other offers. That means they already decided that this is a fair offer ? Do they have vested interests ? Are they subservient to the major shareholders or are they truly independent ?

Posted by Invest123 > 2015-06-17 16:13 | Report Abuse

What a shameful offer!

Posted by stycheng > 2015-06-17 16:34 | Report Abuse

Left & right minorities are screwed. Major shareholders can easily manipulate the share price to prevent it from rising above GO price of RM1.00. So illiquid.

Posted by chiowmin > 2015-06-17 16:38 | Report Abuse

they smart...offer at bad time...if offer 3 mths back...shareholders will reject...

Posted by Invest123 > 2015-06-17 16:46 | Report Abuse

52 week range top is 1.55. Nonsense offer!

Posted by mahorse > 2015-06-18 15:21 | Report Abuse

Look at their facebook, so much activity lately. Now asking for registration for Home Tree shoplots at Kota Kemuning etc. What is the logic of low GO price ?

Posted by Invest123 > 2015-06-18 20:09 | Report Abuse

If BCB remains listed, now the offer price is 1.00, which means it worth at least 1.00, people will not sell at less than 1.00, therefore, the price would tend to go up (as seen in the past few days after the announcement). Isn't this a blessing in disguise? Like IPO, that's what I mean.

Posted by Invest123 > 2015-06-18 20:10 | Report Abuse

Looks like we should hold and wait ... Any opinion?

Posted by Valueseeker > 2015-06-19 08:20 | Report Abuse

Judge for yourself whether GO of RM1.00 is fair. These are my earlier posts :

Things are improving. First dividend of 3 sen last year. Here is a summary of some major GDV as per the Annual Report :
Bandar Putera Indah, Batu Pahat : 1.1 billion ( 390 acres, launched 10 % )
Medini Iskandar Malaysia : 1.2 billion ( small units soft launch )
Concerto Mont Kiara : 560 million ( completing this year, 70% sold ?)
Home Tree, Kota Kemuning : 1.8 billion ( soft launch 2nd phase of bungalows )

Total GDV 4.66 billion for a small company with 200 million market capitalization ie GDV/Market capitalization of more than 23 times is quite impressive.

To a certain extent, I do agree that BCB may lack dynamic leadership and management as well as lacking in corporate expertise. I do noticed that there are a number of young family members holding key positions. In total there are 5 family members out of a total of 9 board members.

What is lacking may not be leadership in all areas as the results proved that the company is doing well ; but maybe in areas of corporate finance/investors communication.

The primary goal of corporate finance is to maximize or increase shareholder value.
28/05/2015 09:49

Posted by Valueseeker > 2015-06-19 08:21 | Report Abuse

Another quarter with solid results : For Quarter ended 31 March 2015
3Qtr Revenue up 52% Cumulative up 61%
PAT up 35% Cumulative PAT up 34 %

Posted by Valueseeker > 2015-06-19 08:23 | Report Abuse

Extracted from Annual Report

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 RM100 million worth of properties
have been sold.
06/01/2015 08:23

Posted by Valueseeker > 2015-06-19 09:08 | Report Abuse

The primary goal of corporate finance is to maximize or increase shareholder value.
28/05/2015 09:49

And of course one of the responsibilities of the Board and Management is to improve shareholders' value.

Does the GO improve shareholder value especially minority shareholders ?