Posted by valueinvestor > 2015-06-21 15:37 | Report Abuse

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

Posted by valueinvestor > 2015-06-21 16:42 | Report Abuse

BCB has sold close to 100 units in the proposed Elysia Park Residence to Taiwanese investors/buyers.

Posted by Stockker > 2015-06-22 22:34 | Report Abuse

What happened if the Independent Adviser said its unfair and unreasonable offer?

Posted by tonylim > 2015-06-22 22:58 | Report Abuse

then he will ask you to reject the offer

Posted by Stockker > 2015-06-23 06:29 | Report Abuse

I know, but would the GO process still continue?

Posted by tonylim > 2015-06-23 08:39 | Report Abuse

Wait for circular

Posted by valueinvestor > 2015-06-23 15:44 | Report Abuse

Extract from its 2014 Annual Report:

a) E vergreen Heights, Batu Pahat
This 400 acres mixed development township is
located 8km south of Batu Pahat town centre. It
is located next to the 18-hole Bukit Banang Golf
and Country Club and is distinct as it emphasizes
quality living set amidst natural surroundings.
Its development is architecturally attractive
with beautifully landscaped terrain. There is also
a 12 acre park and lake
To date, over 3,000 units have been sold for a total
sales value of about RM1.0 billion.

This township is currently 80% developed with
another 100 acres of undeveloped land.

We are confident that
future launches and sales at this township will
continue to appeal and attract strong demand
given the wide range of amenities, facilities and
infrastructure already put in place or due to be
put in place in the next few years

b) Bandar Putera Indah, Batu Pahat
This 390 acre mixed development township is
located in the vicinity of Tongkang Pecah, about
11km north-east of Batu Pahat town centre. This
entire project will have a GDV of about RM1.1
billion.
The concept here emphasizes quality living set
amidst natural surroundings with architecturally
attractive designs and beautifully landscaped
terrain.
Since its maiden launching in 2011, the take-up
rate has been very encouraging with phase 1
encompassing 20 acres of land fully sold. These
20 acres of land is currently in advance stages of
completion.
In July 2012, Phase 2 was launched and again
the take-up rate was encouraging. To-date
about 85% of the 400 units has been sold. We will
be rolling out more new phases in the next few
months. We are confident of this township’s future
contribution to the Group’s earnings.

BCB is therefore very much undervalued premised
on its Batu Pahat land bank alone.

Posted by Invest123 > 2015-06-24 09:36 | Report Abuse

Up

Posted by Stockker > 2015-06-24 10:07 | Report Abuse

Looks like someone is pressing down ?

Posted by Acealicewy > 2015-06-24 16:54 | Report Abuse

Im in confused state... What would happens after taking over by Evergreen?
Mind explaining to me?

Posted by Stockker > 2015-06-24 19:37 | Report Abuse

Owner now controlled about 44 %, If owner gets more than 90% of the balance 56 % , then owner, by law will have the right to take over the balance shares that did not accept his offer at the offer price of rm1.00.

Otherwise, the listing status of the company remains as it is. The owner have further stated that they wish to retain the listing status.

Posted by eltonooi > 2015-06-24 19:45 | Report Abuse

After owner getting all the balance share, this stock will be removed from bursa Malaysia?

Posted by Stockker > 2015-06-24 20:27 | Report Abuse

Even if owner gets more than 90% of the balance, the intention is to retain listing status. Therefore, he will place out some shares to comply with Bursa requirement.

Posted by eltonooi > 2015-06-25 03:59 | Report Abuse

what is mean by place out some shares? Sorry, newbie here...

Posted by Stockker > 2015-06-25 06:21 | Report Abuse

Let's say after the exercise , the controlling shareholders owned 80%. Bursa requires them to sell to below 75% . The owners could either sell the excess above 75% to the market or arrange to place out ( sell via off market) to non related parties.

Posted by eltonooi > 2015-06-25 14:14 | Report Abuse

If owner get more than 90% of the balance, other minor shareholder who didn't accept the offer will be force to sell their share to the owner?

Posted by Stockker > 2015-06-25 18:06 | Report Abuse

Yes, but per the circular the listing will be retained . That means they will place out the surplus shares.

Posted by Acealicewy > 2015-06-26 19:08 | Report Abuse

The shares in our hand will remain if we not accept the offer?
I dont want to sell now at this current price or offer price of RM1.
Can I still keep my shares?

Posted by Stockker > 2015-06-26 20:31 | Report Abuse

Yes, you can keep the shares and ignore the offer.

Posted by valueinvestor > 2015-06-28 15:57 | Report Abuse

https://scontent.xx.fbcdn.net/hphotos-xaf1/t31.0-8/p600x600/10320989_995044910529598_8971753035505602462_o.jpg
https://scontent-kul1-1.xx.fbcdn.net/hphotos-xtf1/t31.0-8/p600x600/11415497_995043847196371_2266098335460724031_o.jpg

Posted by valueinvestor > 2015-06-28 16:37 | Report Abuse

http://bcbbhd.com.my/branching-out-in-kota-kemuning/
The land was bought at RM16.42 psf in 2011. Very cheap indeed based on current market value!
Eco World paid RM35 psf for its land from Tropicana Corp.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/786861
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1195829

Posted by Stockker > 2015-06-28 18:30 | Report Abuse

I agree with you, value investor . Precisely the reason why we should give the major shareholder the middle finger for their MGO price of rm 1.00

Posted by Stockker > 2015-06-28 18:33 | Report Abuse

Have you been to the Eco World/ Tropicana land at Kota Kemuning ? Have a good look and then drive along the road where BCB land is located . And decide which is better. Remember the whole stretch of the BCB land is fronting the Klang River .

Posted by Stockker > 2015-06-28 18:34 | Report Abuse

And read about the ongoing River of Life project.

Posted by valueinvestor > 2015-07-02 21:03 | Report Abuse

https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-xtp1/t31.0-8/q81/p480x480/11181874_954256941260999_7624727572226889781_o.jpg
https://www.youtube.com/watch?v=pijSLjev_bE&feature=youtu.be

Posted by valueinvestor > 2015-07-02 21:19 | Report Abuse

https://www.youtube.com/watch?v=G4_UeRsQX

https://youtu.be/ItuBOQ6H3Go

Posted by stockker > 2015-07-03 13:08 | Report Abuse

Banking system still flushed with liquidity. Quite a number of research houses expecting a pick up in property sector soon. AmInvestment just called overweight on this sector.

Posted by Invest123 > 2015-07-13 12:56 | Report Abuse

Might shoot up soon

Posted by eltonooi > 2015-07-13 13:42 | Report Abuse

why will shoot up soon? any news?

Posted by Stockker > 2015-07-13 16:15 | Report Abuse

any chance of better offer?

Posted by Stockker > 2015-07-16 15:29 | Report Abuse

Independent Adviser said MGO price Not Fair and Not Reasonable. http://www.bursamalaysia.com/market/listed-companies/company-announcements/4804853

Posted by valueinvestor > 2015-07-17 21:51 | Report Abuse

KAF Investment Bank’s comments:-

Holders should note that the Offer culminates from the Offeror increasing its shareholding to
over 33% in BCB. The additional investment by the Offeror in BCB reflects the Offeror’s
confidence and commitment in the growth potential of BCB.
Overall, the Offer culminates from the Offeror strengthening its shareholding in BCB. It
reflects the Offeror’s confidence in the Company given its positive prospect. The Offeror’s
intention to maintain the listing status and to not invoke the relevant Sections of the CMSA
on compulsory acquisition will allow the shareholders of BCB to exit and realise their
investments in BCB in the future. Premised on the above, we are of the view the Offer is not
reasonable.

Overview and prospects of BCB

Despite the cooling measures initiated by the Malaysian Government and Bank Negara
Malaysia such as increasing the Real Property Gains Tax Act, 1976 and tightening bank
lending regulations to curb speculative activities in the property market and the recent weak
market sentiment as a result of slumping global crude oil prices, the Board is optimistic of
the Group's performance for the FYE 30 June 2015, mainly backed by contributions of its
two (2) main Klang Valley projects:-

(i) Concerto North Kiara in Kuala Lumpur (“Concerto”): A high-end condominium project
consisting of three (3) tower blocks with a total of 440 units and bearing a total GDV of
approximately RM575 million. It is earmarked for completion in year 2015. To date,
the Group received encouraging response from the launching of all three (3) towers
with the take up rate of approximately 66% and the revenue recorded of more than
RM380 million.

(ii) Home Tree in the vicinity of Kota Kemuning, Shah Alam, Selangor (“Home Tree”):
This development on 151 acres of land will comprise more than 400 units of high-end
bungalows and a similar number of commercial units bearing a total GDV of
approximately at least RM1.8 billion. It is earmarked for completion estimated in five
(5) years. To date, the Group received encouraging response from the launching of
phase 1 with the take up rate of approximately 92% and the revenue recorded of more
than RM260 million.

BCB had, on 7 January 2015 announced the completion of an acquisition of seven (7)
contiguous parcels of residential development land located within Zone A, Medini Iskandar,
Mukim of Pulai, District of Johor Bahru, State of Johor Darul Takzim with GDV of
approximately RM1.20 billion. The said acquisition is expected to contribute positively to the
BCB Group’s performance

Medini is a Special Economic Zone whereby developers are exempted from Corporate Tax.
To get the tax exemption, a developer has to be given an “Approved Developers Status” by
Iskandar Regional Development Authority (IRDA), in which BCB has in place already. To
date, 10% of Phase 1 of the Medini project has been sold.

In addition to Medini, BCB is the largest developer in both Batu Pahat and Kluang. Batu
Pahat and Kluang are the second and third largest towns in Johor after Johor Bahru. In Batu
Pahat, BCB holds approximately 60% of the market share via our 3 big townships, namely,
Taman Bukit Perdana, Evergreen Heights and Bandar Putera Indah. Besides that, BCB is
also the owner of the biggest hotel in Kluang called Prime City Hotel as well as the Kluang
Parade.

(Source: Its circular to shareholders)

Posted by Invest123 > 2015-07-21 16:27 | Report Abuse

Above 1.30

Posted by mani_cum > 2015-07-21 17:01 | Report Abuse

yummy... finally got real movement

Posted by eltonooi > 2015-07-21 17:21 | Report Abuse

finally up....will reach 1.3 tomorrow?

Posted by paperplane2 > 2015-07-21 17:22 | Report Abuse

the face of chairman..........looks........ahemmmmmmmmmmm

Posted by eltonooi > 2015-07-21 17:30 | Report Abuse

ahemmmmmmmmmmm? what is tat? lol

Posted by Invest123 > 2015-07-22 12:33 | Report Abuse

Above 1.30 could be v soon

Posted by camel > 2015-07-23 15:09 | Report Abuse

tomorrow is the last day of GO.

Posted by Invest123 > 2015-07-23 20:42 | Report Abuse

What does it mean?

Posted by Invest123 > 2015-07-23 21:15 | Report Abuse

Up or down 2molo?

Posted by Stockker > 2015-07-24 09:11 | Report Abuse

Launching semi-D, cluster homes and linked houses soon.

https://www.facebook.com/www.hometree.com.my/photos/pcb.1012261152141307/1012259625474793/?type=1

Posted by Invest123 > 2015-07-24 10:08 | Report Abuse

A fresh GO? 1.20? 1.30?

Posted by Invest123 > 2015-07-24 10:39 | Report Abuse

Looks like building a base at 1.20, which means the next target could be >1.30.

Posted by mani_cum > 2015-07-24 15:16 | Report Abuse

keep it up.

Posted by BuyLowSellHigh > 2015-07-24 15:32 | Report Abuse

coming man

Posted by mani_cum > 2015-07-24 15:54 | Report Abuse

We minority shareholders will vote "NO". Show the power like mini HLCAP.

Posted by Invest123 > 2015-07-24 16:00 | Report Abuse

Thumb up!

Posted by Invest123 > 2015-07-24 16:10 | Report Abuse

GO 1.40?

Posted by Invest123 > 2015-07-24 16:10 | Report Abuse

Hihihi