How come you are here? Should remain at BJCorp & Volcano

I think operator has scooped up many cheap tickets from weak holders & stale bulls already..hopefully will turnaround sooner or later as operator is also keep BjCorp well supported in case you haven't noticed? The road to privatization is coming to an end..while the road to Wembley just started for BJCorp?

I think operator will support at current levels as the fundamental base needs to be preserved otherwise investors confidence will be eroded unravelling Tsvt plans?

Operator is supporting BJCorp but pressing down BJLand for what purpose?

Crypto has no base but BJLand has land & assets if Tesla set up a Gigafactory in Malaysia is true? BJLand has 871 acres of industrial land in Ulu Selangor with access to NKVE suitable for factory?

This totally agrees with you...with 87% control the bird is already in hand with all the low hanging fruits? Even somebody said BJCorp & BJLand is a pair of pants? Cut one out & the pants falls apart..
miniminer What has been obvious, VT had Publicly said his intention to privatized BJland cause it value has not been realized, then he increase his holding up to 87%, employed professional Jalil like to improve Berjaya Corp investor relationship and "Corp exercises" and someone said give Jalil 3 months to do review while VT said he want to give half of his wealth as Charity......40 cents entry can be still cheap but operators want you to believe BJland market value is around 18cents. Since you already made the decision to go in, why not just trust your decision and wait for ROI or until the share price shoots up again?
Anyway, BJland current NTA is above 80cents while a lot of assets have not been revalued for a long-long time, cash rich and it is the heart of BJCorp. So, be confident make up your mind and trade at your own risk ler, I could be wrong ya......hehehe.............

There's currently a 6 sens price difference between BJLand & BJCorp. If using Penta's 38/30 formula for share swap & cash dividend should be within VT's ability for privatization?

BJCorp is busy having direct transaction sales of BJCorp shares with bankers to raise cash for what purpose??
miniminer Last time before it shoot up, many had asked not to buy/sell or trade this counter, hold tight your tickets until offer announcement, not too sure this still stand......hehehe.................

Looks like the operator's tactics worked. Maybe collected a substantial amount of cheap tickets today?

correction it is Berjaya Sompo a 70% subsidiary of Sompo Japan that sold 500k shares not VT as Berjaya is minority shareholder with only 30%.
earlyretirement i got the date wrong - VT disposed 500k shares on 7/4 when the price already falling, not 9/4 but still he disposed. Of course all the sifu hereknows better of the plan.

Don't fall for the operator tactics as BJCorp still holding well as direct beneficiary of privatization?

I think it's Berjaya Sompo a 70% owned subsidiary of Sompo Japan that sold the 500k BJLand shares in open market on 8/4 not VT or BJ controlled company. Similarly Berjaya Sompo also sold 1M BJCorp shares on the 9/4?

Crude oil & Palm oil price is up & Covid19 cases is down, Malaysia economy is opening up & recovering should be good for consumer services provider like BJ Group?

It is Hotel Resorts Enterprise a subsidiary of BJCorp that sold the shares through direct transaction at 0.4525 each on 8 & 9/4 not in open market to bankers? VT & Robin is named as deemed interest due to having shares in Hotel Resorts & BJCorp so BJCorp is direct beneficiary not VT & Robin personally? Just wondering why BJCorp is raising cash for what purpose? corporate restructuring to be announced soon?

There is a difference one is 500k open market sale of BJLand shares by registered owner Berjaya Sompo a 70% subsidiary of Sompo Japan on 7/4 while the BJCorp shares are direct transactions by Hotel Resorts Enterprise as registered owner, a subsidiary of Berjaya Capital under BJCorp but named VT & Robin as deemed interest due to the crossholding nature of
Berjaya Companies?

Looking at the latest report only 1M BJCorp shares registered in the name of Berjaya Sompo Insurance (70% subsidiary of Sompo Japan & only 30% associate company owned by Berjaya Capital) was direct sale on 9 April. The rest of the list are only repetitions of the same sale as deemed interest due to the crossholding nature of Berjaya Companies.

I noticed the same style of reporting on direct sale of 45M BJCorp shares on 9/4 which was registered under Hotel Resorts Enterprise (direct interest) as a subsidiary of BJCorp but also named VT, Robin as deemed interest due to crossholding nature of Berjaya companies.

The same style of reporting on direct sale of 55M BJCorp shares on 8/4 which was registered under Hotel Resorts Enterprise (direct interest) as a subsidiary of BJCorp but also named VT, Robin as deemed interest due to crossholding nature of Berjaya companies. Correct me if I am wrong?

Looking at the above listIng only 500k shares registered in the name of Berjaya Sompo Insurance (70% subsidiary of Sompo Japan & only 30% associate company owned by Berjaya Capital) was sold in open market on 7 April. The rest of the list are only repetitions of the same sale as deemed interest due to the crossholding nature of Berjaya Companies? I noticed the same style of reporting on sale of BJCorp shares which was registered under Hotel Resorts as asubsidiary of BJCorp but also named VT, Robin as deemed interest due to crossholding of Berjaya companies. Correct me if I am wrong?

Share price is holding at current level. Lets wait for the road to Wembly to be officially launched..
Eddysurge The road to Wembley yet officially launches by tomorrow?

More buyers compared to sellers, buy on weakness now.
I think BJCorp is supported at current levels since VT has spent lots of money pushing up the price. Don't think they will let it go to waste just because of short sellers who want it down? Let's wait for Jalil's Strategic Plan & see how he will monetize BJLand's land & assets?

Totally agrees on this one. Let's prove the naysayers wrong as BJGroup has tremendous hidden potential to climb mountains?

Eddysurge Throw out! Let's other take your place

I agree all this low valuation for BJGroup is self inflicted. However if the heirs can change his mindset there still room for redemption? Let see how Jalil & the new management team carry out the corporate exercise?

Tsvt must continue to lent support in this crucial time to the new management team while they formulate the strategic plan for Berjaya Group's revival. Fundamental support must be preserved.
@Eddysurge The fundamental of support must preserve accordingly.

Actually buying the balance of 0.8% direct from Sompo is still insufficient for VT to privatize as only 87 + 0.8 = 87.8%? as VT needs 99% to privatize/delist. Since the other associate Penta has sold all their shares including the 3% held in proxy under PCM Industrial LP so no more unlimited seller?

Remember the loss leader concept? Get your associates like Sompo to sell some so can buy more from open market. VT can't buy openly least he will worsen the 13% freefloat some more like last time?

How to sell 5 billion tickets if BJCorp already holds 87% or 4.35 billion? Don't let your ticket go cheap as many are waiting to buy from you including VT associates before any announcement?
Actually, out of the remaining 13% freefloating shares in the market, Sompo still holds 0.8%. If they sell again grab as many as you can before VT related parties/associates gets hold of them.

Actually, out of the remaining 13% freefloating shares in the market, Sompo still holds 0.8%. If they sell again grab as many as you can before VT related parties/associates gets hold of them.

If not mistaken Qtr. 2 ended 31/12/20 report was announced on 24/2/21 so Qtr. 3 ended 31/3/22 report should be out by 24/5/21.

I think related parties or proxies are accumulating more shares from open market on behalf of Tsvt or BJCorp so as not to worsen the current public spread of 13% before any announcement?

Normally it takes 2 months from end of Qtr to prepare & release the Qtr report. I believe the recent Qtr 2 report ended 31/12/2020 was released in late Feb 2021?

The 3rd qtrly report ended 31/3/2021 should be out by later May. Hopely there will be some disclosure on the status of recovery of RM650 million cash from sale of GMOC from Beijing SkyOcean?

Actually the idea for a Batik dress code for BJGroup is free publicity for Berjaya since they are gradually replacing the old uniforms which is subject to wear & year and not in one go so the financial impact not significant.

"Jalil said all of Berjaya's hospitality and front-facing staff will change their official uniforms to batik gradually while for other staff wearing batik to work is highly encouraged much like those practised earlier in govt departments where you wear your own batik on Thursday at no extra cost to the govt.?"
https://says.com/my/news/berjaya-corp-ceo-changes-company-attire-to-batik-to-promote-malaysian-culture

Actually the one selling BJLand in open market is associate company Berjaya Sompo Insurance which is only 30% owned by Berjaya the other 70% belongs to Sompo Japan. The shares sold through direct transaction is BJCorp shares probably to other Bankers to goreng or Jalil again at 43 sens?
https://insurancenewsnet.com/oarticle/Sompo-Japan-Becomes-Majority-Shareholder-of-Its-Malaysian-Joint-Venture-a-266000

Not many tickets left as Penta proxy PCM LP Industrial also sold their 3% earlier in the year? Minority shareholding was about 10.5% early in the year but has increased to 13% now. What they are selling is probably RSS shares or token sum of shares from associated companies in open market to lower the threshold for determining the 5 days moving average to calculate the base offer price?

Followed Jalil Twitter too, in one of his latest tweets he said BJCorp performance as holding co. is dependent on its companies doing well so its really like a funds manager allocating capital, increasing & reducing weightage in its portfolios. Let see how Jalil deals with the mergers & disposal of non core assets in due course?

Don't think so
1. The GMOC RM650 million arbitration award including interest accrued against Beijing SkyOcean by HKIAC was in May 2020.
2. Beijing SkyOcean's 70% shares in Tuopai Sheds was frozen by Beijing People Court in August 2020 to facilitate recovery of RM650 million owing to BJLand
3. The 70% shares owned by Beijing SkyOcean was successful auctioned to Fosun for RMB4.53B cash has been paid to China's court in Jan 2021 to pay Beijing SkyOcean's creditors.
4. BJLand as one of the creditors secured by the HKIAC award should received the RM 650 million anytime now?
https://www.theedgemarkets.com/article/berjaya-land-wins-rm595m-arbitration-award-against-chinese-mall-buyer
https://ir.fosun.com/static-files/91966076-54da-440b-9042-c821639fe21f

If you ask me by international market definition BJCorp with present market capitalization of only RM2.36B is only a small cap with less excess to capital & as many financial resources. By having a merger with BJLand may double the Group's market capitalization due to synergy of resources & assets promoting it to Mid-cap company which naturally will open the doors to raise funds in international money markets & also access to cheaper capital on favourable terms? This will solve the current issue of funding for BJGroup projects & also free it from the whims & fancies of raising funds from local investment banks like RHB, Maybank etc?

As for future value of BJCorp, once a benchmark of at least 60 sens has been set with the offer of at 60sens to remaining shareholders of BJLand for the merger.

"Small cap stocks tend to be more volatile and riskier investments. Small-cap firms generally have less access to capital and, overall, not as many financial resources. This makes it difficult for smaller companies to obtain the necessary financing to bridge gaps in cash flow, fund new market growth pursuits, or undertake large capital expenditures. This problem can become more severe for small-cap companies during lows in the economic cycle."

No need for share consolidation, should be more of a share swap on a 38:30 ratio used for Penta offer as a basis? To sweeten the deal, the 13% remaining BJLand shareholders can be offered a cash dividend before a share swap. This will also prevent dilution of BJCorp shares sInce already controls 87%. BJCorp shareholders has enjoyed a shares dividend earlier.

The RM650 cash coming back from sale of GMOC and all foreign assets such as HR Owens, Icelandair Hotels etc. will be handy for BJ Group. A merger of both companies will streamline & rationalize operations and put it in the 4 to 5 RM Billion category to be in foreign investors' radar. This is where the NWCA JV can help to bring in foreign investors to unlock shareholder's value. After all it's better to be a World Champion rather than a Jagoh Kampung?

You may be right?..BJCorp depends on BJLand & vice versa as both are 2 parts of a pants. Cut one out & the pants will fall apart. Lets see how Jalil & Team unlock shareholders value from all the money generating assets/ cash cows parked under BJLand for BJCorp hopefully with the help of the NWCA JV?

After a storm usually you will see a beautiful rainbow...

Yes! Go go go!!!

It's pressed down to facilitate a VGO for benefit of BJCorp & Co?

Tsvt must continue to lent support in this crucial time to the new management team while they formulate the strategic plan for Berjaya Group's revival. Fundamental support must be preserved at all times to win back investors confidence.

Accumulate on any weakness as the night is still young.

See BJLand's 52 weeks Lowest & Highest 5 years share price trend from 2013 to 2017 "
2017 - Lowest 36 sens / Highest 66 sens [Profit for the year RM 411,221,000]
2016 - Lowest 56 sens / Highest 76 sens [Loss for the year RM (165,024,000)]
2015 - Lowest 63 sens / Highest 83 sens [Loss for the year RM (161,828,000)]
2014 - Lowest 75 sens / Highest 88 sens [Profit for the year RM 309,213,000]
2013 - Lowest 76 sens / Highest 93 sens [Profit for the year RM 296,775,000]

What it means in TAG privatization case needs to collect 96.536%, even then remaining 3.464% shareholders can also get the same offer as those offered to the earlier 96.536%

For BJLand privatization needs to collect 99% since BJCorp & Co. already starts with a higher 87% base compared to TAG?

Yes, Pls clarify with Sslee or Stock Raider!

According to Bursa rules, once the majority shareholder already acquires 87% officially, he must acquire at least 90% of 13% floating shares before can privatize/delist. That means must collect 87% + (90% x 13%=12%)= 99%!

The main headlines are as detailed above. I think the attached articles are meant to give a historical pepective to new comers on what is happening now at Berjaya.

Totally agree. Tsvt must lent his support in this crucial time to the new management team while they formulate the strategic plan for Berjaya Group's revival. Fundamental support must be preserved at all times to win back investors confidence.

Thanks for sharing @laulau much appreciated on your updates..
laulau Well said! it's now or never...either way it's win win this time!

stockraider Why u can Smell and See $$$$$$$ coming to bland in not to distant future leh ??

1. The journey is set when VT bought bland share from Penta at Rm 0.38.
2. The journey confirm very real when VT had bought bland and have more than 87%
3. The journey is confirm viable when u check the map bland nta is rm 0.85 per share.
4. The journey confirm when bland share price accelerated from rm 0.19 to rm 0.50!
5. The journey is confirm when the share volume of bland has picked up to a record volume for the past 2 wks.
6. The journey is confirm when VT start disposing its assets in vietnam, China, Korea and japan to gather more bullets.
7. The journey is confirm when BJLand get back RM650 million cash from sale of GMOC though China People's Court soon?
7. The journey is confirm when VT get his macai or allies to start collecting Bland,
8. The journey is confirm when JR is appointed Group CEO with full mandate to carry out a corporate restructuring for BJ Group.
9. The journey is confirm when VT officially steps down as Executive Chairman and hinted that his next project is to convince government to carry out housing projects for B40 etc. Guess BJLand is the housing development arm with most of the landbank?

In other words it is confirm the journey of $$$$$ going to masuk your pocket is already a surething mah....!!

See BJLand's 52 weeks Lowest & Highest 5 years share price trend from 2013 to 2017 "
2017 - Lowest 36 sens / Highest 66 sens [Profit for the year RM 411,221,000]
2016 - Lowest 56 sens / Highest 76 sens [Loss for the year RM (165,024,000)]
2015 - Lowest 63 sens / Highest 83 sens [Loss for the year RM (161,828,000)]
2014 - Lowest 75 sens / Highest 88 sens [Profit for the year RM 309,213,000]
2013 - Lowest 76 sens / Highest 93 sens [Profit for the year RM 296,775,000]

For new comers read my previous aryicls on BJLand & BJCorp:
https://klse.i3investor.com/blogs/laulauramblings/147847.jsp

https://klse.i3investor.com/blogs/laulauramblings/2018-02-20-story-h1452546439-PART_1_WILL_HISTORY_REPEATS_FOR_BJLAND_4219_BJLand_Now_At_The_All_Time_.jsp
https://klse.i3investor.com/blogs/laulauramblings/2018-02-23-story-h1452569475-

Right! For those whom don't know here's what Jalil did while CEO of PNB to be duplicated & tailored to fit Berjaya Group?
https://www.theedgemarkets.com/article/special-report-pnb-seeks-opportunities-amid-trying-times