kikiki..VT wanted to test your tolerance level before joining 1 billion profit club....kikiki

If you buy the story of 1 billion profit, then buy as many as you could or else throw it back to VT like no tomorrow. kikiki

kikiki....Weak holders are ruuning away now. kikiki

Update financial results of BJCorp

Turnover

Qtr 31-10-14 -2,576m
Qtr 31-7-14 - 2,485m

FY 30-4-14 - 8,729m
FY 30-4-13 - 7,376m
FY 30-4-12 - 7,014m
FY 30-4-11 - 7,043m
FY 30-4-10 - 7,043m


Profit/(loss) attributed to the holders of parent:

Qtr 31-10-14 - 161m (due to gain arising from remeasurement 199m )
Qtr 31-7-14 - 8m

FY 30-4-14 - (160m) (mainly due to impairment of goodwill 186m )
FY 30-4-13 - 75m
FY 30-4-12 - 302m (mainly due to gain on disposal of subsidiary 310m )
FY 30-4-11 - 327m (mainly due to gain on disposal of subsidiary 179m )
FY 30-4-10 - 83m

It seems that BJCorpse will only make good profit when disposing companies or as a result of dilution in its controlling stakes.

Asia's Berkshire Hathaway? Berkshire keeps breaking new high whereas BJCorpse keeps breaking new low level. It's entirely different direction. Don't blow too much water la. You see BJCorp borrowed so much money to buy lands until investors scare like hell. Some more, paying bank interest more than 300 million for a year. How on earth it can make profit each year? Kseng & Orient's lands are deeply undervalued too but their piggy bank got plenty of cash to burn for next few decade.

I respect you man. You bought 300 lots of a counter suffering huge loss. People claimed that it's BJCorpse. I suppose you would have disposed 300 lots.... throwing like no tomorrow. kikiki

Please don't deny the fact that BJCorp's PER is negative -38 times. BCCA. kikiki

You are too optimistic. It suffered huge loss of 250 million in 4th Qtr 14. You see how has BJCorp performed in the past 4 quarters:

EPS:
31 Oct 14 - 3.13 cents
31 Jul 14 - 0.24 cents
30 Apr 14 - (4.88 ) cents
31 Jan 14 - 0.41 cents

kikiki
You know PER ratio of BJCorp? It's not even 100 times or 1,000,000 times. It's negative la... PER -38 times. You may end up owing to BJCorp if you buy the share. Why BJCorp? Please dump BJcorp to teach VT a lesson. kikiki

kikiki

BJCorp is really shit company under the leadership of VT. The price has dropped from 1.9 until 40 cents. VT doesn't even interested to buy back any shares at this price. Do you think this company got future meh? He just bought some at 50 cents last year and no ball to continue buying. How can we be convinced that the price would go up? 1 billion profit? who knows what happen to the financial result of other business...hidden borrowing...hidden creditor...hidden salaries....all sort of hidden expenses. The CFO may abscond before the announcement. In the end, it could turn out to be 1 billion losses for this quarter. Boh chow c a....

kikiki

Please don't stop bad-mouth BJCorp. Keep it up and don't show your mercy and chase away the punters.

ngblg. If 1 billion profit is recognised in P/L, it will become a limelight in financial news. wakaka.

ngblg. It is possible 'gain arising from remeasurement" to be included in P/L. It's a norm to BJCorp to buy & sell or dilute of its business.

In fact, BJCorp recognised 223 million for " loss arising on dilution of interest in subsidiary companies " in P/L for year 2010. In BJAuto case, is it a gain arising on dilution of interest in subsidiary company?

FFB production growth....used to be claimed by a savvy investor 30% CAGR per annum. Jtiasa was able to achieve 1% growth only in year 2014. Where has the remaining 29% gone? The palm oil trees could be gone with the flood. wakaka.

Why Jtiasa? Next target price 1.6 and follow by 1.35. TAAN's PER is 13.5 times only.

ngblg. BJCorp will recognize 1 billion gain from remeasurement in " Investment related income " which is part of P/L items. .

FYI, BJCorp included gain arising from the remeasurement of 199 million (arise from consolidation of BJ Food) in " Investment related income " for its 2nd qtr results.

" (g) On 18 September 2014, BFood announced that it had completed the acquisition of 11,500,000
ordinary shares of RM1.00 each in Berjaya Starbucks Coffee Company Sdn Bhd ("BStarbucks"),
representing the remaining 50.00% equity interest in BStarbucks not owned by BFood, for a total
cash consideration of USD88 million or about RM279.51 million from Starbucks Coffee International,
Inc. Consequently, BStarbucks became a wholly owned subsidiary company of BFood."

Ngblg. Many uncles and aunties don't know BJCorp would announce 1 billion profit yet. Let's see how they would response after reading newspaper boosting BJCorp results. Goreng goreng.. people enjoy it. Kikiki

kikiki

1.goreng stock (In fact, people love quick buck & goreng stock)
2.no fundamentals (1 billion profit and NTA 1.5 not sufficient margin of safety meh?)
3.no revalue asset because of tax (Revalue of land need to pay tax meh?)
4.tan sri is not fool to revalue (VT is too stingy to pay professional fees to carry out revaluation)
5.too many unprofitable business in bjcorpse (Many profitable companies invested ie BJtoto, BJAuto, BJFood, BJAsset, Atlan, Magni, Cosway..)
6.gst shock to retailer business ( GST is almost shock every companies)
7.hidden debt (Who knows all companies could have hidden debt)
8.huge volume share spread (big volume is facilitated share trading)
9.too many frustrated seller on 41,41.5,42,42.5,43 cent (Every counter got its frustrated seller almost all the times)
10.certified stagnant until 2026 (verbal certification is available everywhere )
11.opportunity cost getting expensive the longer you hold (cock sure the share price would go up...unless got money to manipulate it )
12.bjcorpse wont give generous dividend to shareholder (Dividend yield 2.35%. It's better than many companies)
13.certified value trap (verbal certification is available everywhere )
14.denial is dangerous.dont believe and make story when you holding paper loss (please throw at whatever price. I have not collected enough yet)

kikiki

Spending so much time here to bad mouth everyday. I don't think he was offering noble advice. This fellow is probably one of the small shark to collect cheap cheap. kikiki

Why so worry of GST.....6% only. I am living in a country charging 10% GST. It's a norm if you have experienced in foreign country. Soon or later people will get use to it.

tksw. i que at 22 cents.

No worry at this price. I come back again to enjoy the next rally. Last year, I bought 16 cents and sold at 30 cents.

This quarter BJCorp announce 1 billion profit. Another 183 million profit is secured from disposal of land and BJ Food for next quarter. Not too bad.

That's why we got the chance to buy low sell high.

It's still highly overvalued.

1. PER: 50 times
2. DY: 0.6%
3. FFB & Log production declining (It suppose to trend upward)
4. High borrowing of 860 million & it may surpass 1 billion this year
5. Costs/hectare of planted area is much higher than other plantation companies.
6. Insufficient mill capacity to support increase in internal FFB production.

Just make a simple conclusion from talking without facts & figures. BJCorp share price will stay below 0 cents. kikiki

Of course, qtr results must be announced within 2 months after the closing date of each quarter. Other than the 4th qtr result, the CFO doesn't has much pressure to make sure everything is in an order manner before the announcement.

This is not the 4th qtr results. They can close 2 eyes to announce the 3rd qtr results anytime. kikiki

RHB's CFA is really a joker. TP was slashed by 55% base on his over pessimistic assumptions. IS he panic? I would be very happy if I could grab some at price 1.20. JTiasa's net borrowings has climbed to 860 million. With such high level of debt, it's time to call for another a right issue. wakaka.

Asia Pac's earnings have been trending downward for the last few quarters. There is no way for us to buy at current price if the earnings moving upward. It could be an opportunity to grab low price shares given the potential of Imago mall generating recurring income in future.

Update:

P/E: 8.8 times
EPS: 2.67 cents
NTA: 0.39
Unbilled sales: 390 million
Balance of properties to be sold: 125 million
Catalyst: Imago Mall ( estimate rental revenue 70 million per annual in future)

Turnover
Qtr 30-12-14 - 57m
Qtr 30-9-14 - 51m
Qtr 30-6-14 - 62m
Qtr 31-3-14 - 83m
Qtr 30-12-13 - 80m
Qtr 30-9-13 - 86m
Qtr 30-6-13 - 36m
Qtr 31-3-13 - 44m
Qtr 31-12-12 - 32m
Qtr 31-9-12 - 12m
Qtr 30-6-12 - 15m

Profit:

Qtr 30-12-14 - 3.2m
Qtr 30-9-14 - 0.6m
Qtr 30-6-14 - 4.0m
Qtr 31-3-14 - 18.6m
Qtr 30-12-13 - 8m
Qtr 30-9-13 - 9m
Qtr 30-6-13 - 3m
Qtr 30-3-13 - 6m
Qtr 31-12-12 - 0.8m
Qtr 31-9-12 - ( 0.3m )
Qtr 30-6-12 - 0.3m

EPS
Qtr 30-12-14 - 0.33 cents
Qtr 30-9-14 - 0.07 cents
Qtr 30-6-14 - 0.41 cents
Qtr 31-3-14 - 1.91 cents
Qtr 30-12-13 - 0.83 cents
Qtr 30-9-13 - 0.93 Cents
Qtr 30-6-13 - 0.31 Cents
Qtr 31-3-13 - 0.65 Cents
Qtr 31-12-12 - 0.08 Cents
Qtr 31-9-12 - (0.03 ) Cents
Qtr 30-6-12 - 0.03 Cents

Pui is an heavy weight retail investor at almost 70. He doesn't interested in venturing a new business. It is very likely that he would exert more pressure to management for cash distribution or taking it private.

Turnover and profit have not shown any signal of trending downward when comparing qtq. It is very likely coming quarterly results will be better than 4th Qtr 13.

Turnover & (EPS)
30-9-14 - 16m (2.88 cents)
30-6-14 - 12m (2.00 cents)
31-3-14 - 5m (0.48 cents)
31-12-13 - 6m (0.62 cents)
30-9-13 - 9m (1.16 cents)
30-6-13 - 9m (1.22 cents)
31-3-13 - 3m (0.08 cents)

It doesn't mean the company not doing well. This director disposed 865,000 units of shares in early Nov 2014 before announcing good results on 25 Nov 2015.

It would trade above 70 cents if the profit is sustained at high level in coming announcement.

It could be another noble lesson for newbies after Rsawit, Jtiasa, Mudajaya n Xinquan episodes.

Many projects has been delayed for launching. No visible revenue from year 2016 onward. Following the completion of Elements@Ampang, the company has only one on-going project, Damanasara Foresta Phase 1, to be completed by 2015. This project was launched in 2012 with GDV about RM 700 million. We don't know the amount of unbilled sales until now.

EPS slumped to 0.76 cents per share after taken into account the latest paid up capital of 1.058 billion shares.

Notes: " Share capital: During the financial period ended 31 December 2014, the issued and paid-up share capital of the Company increased from 635,523,930 ordinary shares of RM0.20 each to 1,058,953,616 ordinary shares of RM0.20 each by the issuance of 423,429,686 new ordinary shares of RM0.20 each pursuant to the conversion of 423,429,686 ICULS into 423,429,686 new ordinary shares of RM0.20 each following the receipt of cash proceeds of RM55,045,859."

If both RM against USD and JPY stays at current level on 28 Feb 15, Tenaga may suffer foreign exchange loss RM 400 million in its foreign currency loan.

It could be a good time to hold the put warrant now. The chances of making fast money is much higher provided you are able to take the mental pressure in next 2 days.

FF has disposed RM 7.2 billion of equities since Sept 2014 and KLCI dropped 140 points. FF purchased equities worth RM 33.8 billion from 2010 to 2013. They got plenty of funds to dump the market. I want to see how FF would crush the confidence of the market in coming months.

If I am not mistaken, EPF and Amanah have pumped in more than RM 3 billion in local KLCI index counters since Nov 2014. Many companies will announce their lacklustre earnings next month. Let's see how our local funds defend the selling pressure from FF.

Trap those people enjoy playing rebound game and don't know when to cut loss. It's hard to get rid of gambling.

Short life rebound of the big cap ie Maybank, Genting, PBB. The main support is relying on Tenaga. It provides a golden opportunity for FF to take profit. Malaysia has nothing to shout about at this time. There's no better reason for FF keeps staying in Bursa this year.

SOP2. I believe in market cycle of the economy. It's worthwhile to time the market by taking advantage short term fluctuation in market prices. After going through bull and bear market since 1997, I respect the cycle and it's part of our life. I want to be more proactive in response to the cycle.

I believe in doing sufficient homework to back our decision on the timing of market.
FF bought more than RM 20 billion worth of shares during the bull run between 2010 to 2012. It's very reasonable for them to pocket profit now. I am just a small potato and I can enter and exit market easily. I don't want to be part of the hero team to support the market during downturn. Let's see what would happen to the market in the next 6 months. Wakaka.

Foreign funds has disposed RM 2 billion worth of shares since 2 Jan 15. Will FF continue to exit local market? kikiki

Timing is a very important task to foreign funds. When economy is foreseen not doing well in near future, they are the first running away. You see the facts.. FF are fleeing Bursa like no tomorrow since Sept 2014.

One of the reason could be they were expecting more socai to join the boat to buy at higher price. Who know..CIMB get in to spoil the dream.

Sky is the limit. They are too lazy to issue another put warrant same with HG at another name call HK.

This HG commands highest premium among all put warrants. Intrinsic value 8.1 cents and break-even price at KLCI 1640 points. If I were CIMB, I would have issued additional 200 million put warrants to exploit this opportunity. kikiki