You guys wanted this topic to be another headlines on The Star news? potential free promotion for Murali man.

Gaming Right worth RM 4.6 billion only as shown in AR 2015. BJCorp will capitalise its stakes of BJToto at market value. RM 4.6 billion will be cancel out by offseting Fair value reserves and Minority as taken in when Btoto became a subsidiary in year 2008.

Kahheong. BJCorp's stakes (direct/indirect) in BJToto has reduced to 45.35% from above 50% previously. It's very likely BJCorp will de-consolidate the results of BJToto from next quarter onward (FY 2017). BJToto would be taken in as Associate. If this case happen, BJCorp may cancel the Gaming Right worth over RM 4.6 billion.

The best option is to set-up a funds management company and be a funds managers drawing salary. No more people question your noble intention anymore.

Paperplane. I got no idea. Don't beat around the bush la.

I am worry also if BJCorp become an incubator for Umonile...lol

Kahheong. It could be part of the game to clean up its accounts by disposing BJToto. Investors prefer the accounts presented in a simple way.

BJCorp seems rushing to get rid of its subsidiaries to accumulate cash to bet something big. Umobile profitable or not? Many telcos share prices tank recently.

Paperplane. You are very sharp. You have sense something big is going to happen soon...haha

Paperplane. You are pulling my leg again. BJCorp's stakes in BJToto was 50.74% as shown in AR 2015. It's likely that BJToto would be treated as Associate in BJCorp accounts after it had reduced its stakes recently. Robin wanted to take cash back to pare down its borrowings la. You see the amount of debt in few billion...dizzy.

It's better to show BJToto as an Associated Company instead of subsidiary so that BJCorp doesn't have to consolidate the accounts BJToto. Gaming Right RM 4.6 billion is really confused investors. People are worry of what would happen when Gaming Right is written off just in case.

It won't have any effect to Profit and Loss even even though Gaming Right RM 4.652 billion is written off as this amount merely involved in Balance Sheet item adjustments.

Kahheong. Amortization for Gaming Right is just a small amount. Closing Balance of Gaming Right remains RM 4.652 billion as shown in AR 2015.

Gaming Right is a complex transaction.

Here's the information of Gaming Right RM 4.85 billion started recognizing in the accounts FY 2008. No cash involvement for RM 4.85 billion. To recognize this transaction, there were some adjustment in increasing of

1. Fair Value Reserve RM 2,068,343
2. Minority Interest arising from acquisition RM 2.362,754


Reason for recognizing Gaming Right:

10. SUBSIDIARY COMPANIES 
(vi) On 4 February 2008, BLand increased its interest in BToto to 48.96% due to BToto’s share buy back exercise and the purchase of 1,000,020, BToto shares by Gateway Benefit Sdn Bhd, a subsidiary company of BLand. Together with the equity interest in BToto which are held by other subsidiary companies of the Group, the total equity interest held by the Group exceeded 50% and as such, BToto is regarded as a subsidiary company of BLand as well as the Group. 

BLand had undertaken a purchase price allocation exercise that resulted in the identification and measurement of gaming rights which is provisionally estimated to be at RM4.85 billion included as intangible assets on the balance sheet (Note 12)


Note 22 Reserve:
This fair value reserve arose from the increase in equity interests of the Group in BToto as disclosed in Note 7(a) to the
financial statements that resulted in the identification and measurement of gaming rights which was provisionally estimated
to be at RM4.85 billion at the date of acquisition and included in intangible assets in the balance sheet (Note 11). This reserve
represents post acquisition fair value and other adjustments arising from the business combination.

His subscribers won't blame him much even though he has made a bad calls. People might believe his sincerity and trying his best helping them to make money paying a fee. The problem lies on serving his VVIP & VIP clients. Conflict of interest is obviously arisen when market turns sour.

The law of attractions is applicable in investment la. Those RM 960 subscribers have not developed attracting making money trait. It's entirely different topic for personal development. Therefore, they have to learn such skill from another seminar.

I don't know. May be he is trying to practice abnormal human day to day activities as what you have mentioned.

Murali. OTB said that he would treat all his clients fairly and equally. It doesn't matter whether who they are. It sounds noble...

Come here to offer your real contribution (sharing) in i3 rather than boosting your past glory of success and your personal gain in attracting newbies to sign up your subscription.

Kahheong. By adding up all together, disposal cash proceeds worth RM 1.373 billion. It's not a small amount. Robin is doing something interesting now.

BJcorp - Disposal of shares and subsidiaries:
1 Feb 16 to 30 Apr 16 - RM 991.68 million
1 May 16 until now - RM 240.52 million
Additional RM 100 million ( not yet announce )

BJLand - Disposal of shares:
1 May 16 until now - RM 41.09 million

My figures are covered for that quarterly period only. Please take note of this

12-Apr-16
Repurchased of Phase 1 by JDC from BJ Resort
for a cash consideration 374.5 million ( 72.6% stakes )

Kahheong. You are sharp. Is it BJAuto did not announce the disposal of 48 million shares disposed? This is another RM 100 million cash proceeds that we have not taken into account.

Kahheong. Minor mistake in date.

Final disposal of BJAuto shares for cash consideration RM 166.11 million in the announcement today.

Updated cash proceeds:
BJcorp - Disposal of shares and subsidiaries:
1 Feb 16 to 30 Apr 16 - RM 991.68 million
1 May 16 until now - RM 240.52 million

BJLand - Disposal of shares:
1 May 16 until now - RM 41.09 million

Kahheong. BJCorp's borrowing stood at RM 7.386 billion. This amount is before deducting cash in Bank RM 1.951 billion. Net debt value will be RM 5.435 billion before minus Assets Classified As Held For Sale RM 1.155 billion.

Looking forward BJCorp to dispose shares in its associates:

1. Atlan - market value RM 312 million ( stakes 21.1% )
2. BJFood - market value RM 303 million ( stakes 42.65% )

Its logistic service segment reported a sharp drop in the profit together with a reduction of turnover over in last quarter. Bulk of profits was contributed from property segment in a lump sum after completion of construction. Sarawak state election fever has gone after BN won majority control of the seats. The outlook looks challenging for the next 6 months.

There are many worms in Jtiasa la. You would be surprised by comparing plantation costs between Jtiasa and TAAN . Plantation costs of TAAN stands at RM 10k per hectare whereas Jtiasa's figure ballooned to RM 21.6k per hectar. How to make money with such big amount of expenditure? If El Niño fail to help Jtiasa to generate profits, it may need to make another cash call in near future as its gearing level is rather high.

Koon Koon also got few strong supporters to cari makan with him ma. There are many ikan bilis but Koon are unable to corner the small fishes alone. He need few helpers to do it together to make a good killing. It's indeed a lucrative business if you are one of his helper but at the expense of your.....

Possible reason.....BJtoto dividends payout in cash was 16.5 cents or DY 5.6% at current share price. BJCorp's finance costs stood at RM 303 million or equivalent to 4.1% for the past 9 months. It's a wise move to dispose some of its stakes to pare down the borrowings since interest rates are expecting to rise in the near future. I don't know the interest rate for BJCorp's loan but certainly on the rising trend witness from the upsurge in FD savings rate offering by banks recently.

kahheong. BJtoto dividends payout in cash was 16.5 cents or DY 5.6% at current share price. BJCorp's finance costs stood at RM 303 million or equivalent to 4.1% for the past 9 months. It's a wise move to dispose some of its stakes to pare down the borrowings since interest rates are expecting to rise in the near future. I don't know the interest rate for BJCorp's loan but certainly on the rising trend witness from the upsurge in FD savings rate offering by banks recently.

Jtiasa, Rsawit and Subur.....sama abang adik. Something very in common for the 3 companies is gearing above 40% and profits sucked. Better look for TAAN, WTK to have a better deal.

Our government can only pump but cannot dump. It's almost like a black hole.

Besides disposal certain portion of BJtoto shares, better still, if BJCorp get rid of its 21% stakes in Atlan and BJAsset.

De-gearing is still going on in BJCorp group.

BJcorp - Disposal of shares and subsidiaries:
1 Jan 16 to 30 Apr 16 - RM 991.68 million
1 May 16 until now - RM 74.41 million

BJLand - Disposal of shares:
1 May 16 until now - RM 41.09 million

It seems project is started flowing into Salcon. Collect some ad hope to earn coffee money.

That's immaterial. VT won't convert the warrant if BJCorp price stays below RM 1.

Why so fast pocketing profit? I am waiting Johari to simply dish out a price equal to NTA 2.32. Die die also got 2.1 after giving 10% discount to him.

You think the investors are now so uneducated meh? . Don't know how to take the diluted earnings for calculations of PER.

Why the share price shoot up by 4% today. I am waiting 30 cents to top up.

You think the investors are now so uneducated meh? . Don't know how to take the diluted earnings for calculations of PER.

Orient got so much cash in its piggy banks. Nothing has been done even though the new generation taken over to helm the company. Young management with an old man mentality?.

It's obviously that dividends payout increasing sharply in the past few years:

2016 - 40.31 cents
2015 - 32.2 cents
2014 - 17.25 cents
2013 - 8.3 cents
2012 - 7.46 cents

Too much headache to handle huge debt. The younger generation doesn't like to juggle this kind of finance. Better go for healthier working life and shareholders more happy too.

Why so many punters are chasing BJcorp in the early morning? Don't scare it would laosai later?

Good move to get rid of investment in securities.

so far Cash received from the disposal of shares and subsidiaries:

1 Jan 16 to 30 Apr 6 - RM 991.68 million
1 May 16 until now - RM 89.75 million

Dividends 40.31 cents ex date 19 Jul 2016

Let's see how SAM achieving double digit growth for the past few quarters.

Revenue:

31 Mar 16 - 162 million ( + 22% )
31 Dec 15 - 155 million ( + 37% )
30 Sep 15 - 169 million ( + 47% )
30 Jun 15 - 134 million ( + 44% )
31 Mar 15 - 132 million ( + 5% )

PBT
31 Mar 16 - 17.9 million
31 Dec 15 - 15.8 million
30 Sep 15 - 20.1 million
30 Jun 15 - 14.9 million
31 Mar 15 - 16.9 million

Don't go up to much tomorrow. Closing price of 37.5 cents is good enough.

Both interim and special dividends increased to total 40.31 cents or equivalent to Dividend Yield 5.7%. Not easy to find a solid growth company paying such a high dividends.

It seems won't drop further. will accumulate slowly and invest for longer term.