And ringgit will weaken again as most earnings by kerajaan is in O & G!

Be careful of what you say .... not only BJ Corp every other counter will drop like crazy like Monday ..... remember IFCAMSC can drop to as low as 0.665 before shooting back to 0.71....

Meaning Buy High Sell Low .....

Find it strange people chased up shares the minute the market starts trading!

Usually by 10.30 am most counters will start to drop ... these people start panicking and dump the shares.... hmmm

Thanks kahhoeng

Ok MercuryRX ... I will never use kikikiki anymore!

Total 182 millions treasury shares saving $1.82 millions in dividend!

VT very smart by mopping up shares from market before ex dividend, All these buyback shares called Treasury shares are not entitled to dividends - saving BJ Corp millions of dollars!

Ya lor Agreed with MercuryRX .... everyone today suffered heavy loss! Let us all be united and support each other during this dark moment!

No la..those shares converted from LD has been assigned BJ Corp A shares not entitled to dividends. After 5 Dec i. e. ex dividend, they become same status as existing BJ Corp.

Bought 17 millions own shares today !!!!!!!!!

Oil dropped over 1% today again.......

Probably wait until Thursday ....wait until the bloodbath is over...

kikikikikiki....

Why attacked Calvin ..... BJ Corp is not the only one dropping...

Look at Singapore shares even more scary ......!!!

I will pick up more BJ Corp before 5 Dec.... delicious!

i.e. if I keep the shares for less a than 1 year - throw the shares above my buying price after getting the dividends - returns just based on dividends alone is more than 2 % higher than interest from putting in the bank - not even counting the returns from price appreciation....Yup I am ready to collect at between 0.46 and 0.47 next week -

today most counters doing badly!

BJ Corp will fluctuate ... buy more when it touches low....

Next week if go lower I will buy but before 5 Dec to get the dividends!

1c for a $1 dollar counter 1% - but if buy below $0.50 return would be about 2% - but note is it goes up .... after pocketing the dividends the returns would be much higher than 2%!

Principal and Selling Shareholders:

          
Tan Sri Dato’ Seri Vincent Tan and his entities and affiliates(7)

     41,568,571         69.3 %      30,200,328         44.7 % 
MOL.com Sdn. Bhd.(7)

     14,618,356         24.4 %      10,330,515         15.3 % 
Hotel Resort Enterprise Sdn. Bhd.(7)(10)

     13,706,739         22.8 %      9,087,491         13.5 % 
His Royal Highness Sultan Ibrahim of the State of Johor

     8,834,598         14.7 %      8,834,598         13.1 % 
MOL Ventures(6)(7)

     7,563,837         12.6 %      6,366,232         9.4 % 
Ganesh Kumar Bangah(4)

     6,795,480         11.3 %      6,656,258         9.9 % 
Rayvin Tan Yeong Sheik(7)(8)

     5,845,560         9.7 %      4,233,047         6.3 % 
MOL Investments Pte. Ltd.(7)(9)

     3,057,669         5.1 %      2,679,068         4

I am really impressed with datuk and hng33!

Somehow I feel assured with datuk in board the BJ Corp train..

Hmmmmm....I wonder .....if there is so much sh*t here ... why are these people here!?

Funny isn't it! A child will avoid sh*t if he sees it in front of him instead of walking straight into it ..... yet we have people here all grown up no longer a child yet can walk into sh*t so they claim .... funny hor!

Hey somehow I like RussianRoulete! He very consistent!

Everywhere he calls a sell .....

Yup ... when price has bottom... buy! .... when price runs up ... sell!

IFCA has run up so much .....ask people to buy is like asking people to buy BJ whenit has run up to $1! That will be irresponsible!

I agree with Calvin - BJ already bottom out for over 3 years ....while IFCA already run up - if you chase now maybe gain few more cents but the fall in price can kill - imagine it was trading around 15 sen .... and what's the profits it's making? Any dividend payout?

Just found out whst is digital wallet:

A digital wallet refers to an electronic device that allows an individual to make electronic commerce transactions. This can include purchasing items on-line with a computer or using a smartphone to purchase something at a store. Increasingly, digital wallets are being made not just for basic financial transactions but to also authenticate the holder's credentials. For example, a digital-wallet could potentially verify the age of the buyer to the store while purchasing alcohol. It is useful to approach the term "digital wallet" not as a singular technology but as three major parts: the system (the electronic infrastructure) and the application (the software that operates on top) and the device (the individual portion).

An individual’s bank account can also be linked to the digital wallet. They might also have their driver’s license, health card, loyalty card(s) and other ID documents stored on the phone. The credentials can be passed to a merchant’s terminal wirelessly via near field communication (NFC). Certain sources are speculating that these smartphone “digital wallets” will eventually replace physical wallets.The system has already gained popularity in Japan, where digital wallets are known as Osaifu-Keitai or “wallet mobiles"

ACQUISITION OF 100% EQUITY INTEREST IN SWEET SPOT DIGITAL (MALAYSIA) SDN BHD

SSDM is into the business of providing Proximity Technology and Digital Wallet facilities via advanced mobile solutions in Malaysia ....

May I know what is this business? Today's announcement by BJ.

Bloomberg News:

http://www.bloomberg.com/news/2014-10-29/berjaya-mulls-singapore-listing-of-unit-seeks-casino-ventures.html

Berjaya Corp. (BC) is considering selling shares in a unit in Singapore and seeking joint ventures in casinos in North Asia as the Malaysian conglomerate expands outside its home market.

Listing its environment services division will spur growth in the business, without depending on funds from the parent, founder Vincent Tan said in an interview in Singapore yesterday. Berjaya’s interests range from shopping malls to lotteries, and it’s looking for a partner for a South Korea gaming project and wants to join a consortium in Japan should it legalize casinos.

Japan’s Prime Minister Shinzo Abe sees casinos as a way to bolster the economy as backers of a bill to permit them say gambling resorts would boost tourism. Casino operators are considering investing billions of dollars in what could become Asia’s second-largest gaming hub after Macau.

Casinos are “no longer a very lucrative business unless you go to some countries like Japan,” Tan, 62, said. “Lots of casinos still focus on high rollers but the mass market is still very big.”

Berjaya has 100 acres of land in Okinawa prefecture and it can be used for a gaming resort should the government decide to open one there, Tan said.

Shares of Berjaya fell 1 percent to 48.5 sen as of the midday break in Kuala Lumpur, extending its decline to about 18 percent this year. The benchmark FTSE Bursa Malaysia KLCI Index has dropped 1.3 percent in the same period.

Kuala Lumpur-based Berjaya has spun off at least three units since the start of 2013, including convenience store operator 7-Eleven Malaysia Holdings Bhd. (SEM) and Berjaya Auto Bhd., a distributor of Mazda Motor Corp. vehicles and auto parts.

Its environment services division operates sanitary landfills in Malaysia and China, according to the company’s website. It was also granted a 25-year concession to develop and operate a wastewater treatment plant in China’s Guangdong province. Tan didn’t give a timeframe for the planned listing.

Tan, who holds a majority stake in Welsh soccer club Cardiff City, said he will invest in a Los Angeles-based Major League Soccer club, Channel NewsAsia reported yesterday. The investment will be announced in the next few days, the report said.

Berjaya is still keen on getting Malaysia’s second casino license, having submitted an application in the past, Tan said. For decades, Genting Malaysia Bhd. (GENM) has run the country’s only gaming resort, located on a hilltop near Kuala Lumpur. The government hasn’t given any indication it will grant another permit.

“We are interested in Malaysia,” Tan said. “We will still try. We don’t have a habit of giving up, so we will wait.”

I am surprised that BJ Corp has no business ...

Tell me if Starbucks is not a business, selling Toto not a business, building and selling properties not a business, having an online payment service like paypal is not a business, owning and managing five stars like Hyatt Kyoto, hotels in UK, Malaysia Vietnam Maldives South Korea - especially Berjaya Jeju is not a business, selling Mazda cars not a business ..........please can someone then tell me which counters in KLSE do business then ....... !!!!????

Many counters do same type of business like Berjaya ..... does it mean most counters in KLSE got no business - Hmmmmmmmm

Sunztzhe is correct:

TREASURY SHARES
The portion of shares that a company keeps in their own treasury. Treasury stock may have come from a repurchase or buyback from shareholders; or it may have never been issued to the public in the first place. These shares don't pay dividends, have no voting rights, and should not be included in shares outstanding calculations.

A more balanced perspective:

The Bottom Line
Are share buybacks good or bad? As is so often the case in finance, the question may not have a definitive answer. If a stock is undervalued and a buyback truly represents the best possible investment for a company, the buyback - and its effects - can be viewed as a positive sign for shareholders. Watch out, however, if a company is merely using buybacks to prop up ratios, provide short-term relief to an ailing stock price or to get out from under excessive dilution.

More info on share buyback:

The second alternative a company has is to buy shares on the open market, just like an individual investor would, at the market price. It is important to note, however, that when a company announces a buyback it is usually perceived by the market as a positive thing, which often causes the share price to shoot up.

Now let's look at why a company would initiate such a plan.

The Motives
If you ask a firm's management, they'll likely tell you that a buyback is the best use of capital at a particular time. After all, the goal of a firm's management is to maximize return for shareholders and a buyback generally increases shareholder value. The prototypical line in a buyback press release is "we don't see any better investment than in ourselves." Although this can sometimes be the case, this statement is not always true.

Nevertheless, there are still sound motives that drive companies to repurchase shares. For example, management may feel the market has discounted its share price too steeply. A stock price can be pummeled by the market for many reasons like weaker-than-expected earnings results, an accounting scandal or just a poor overall economic climate. Thus, when a company spends millions of dollars buying up its own shares, it says management believes that the market has gone too far in discounting the shares - a positive sign.

By Cory Janssen, Investopedia
There are a number of ways in which a company can return wealth to its shareholders. Although stock price appreciation and dividends are the two most common ways of doing this, there are other useful, and often overlooked, ways for companies to share their wealth with investors. In this article, we will look at one of those overlooked methods: share buybacks. We'll go through the mechanics of a share buyback and what it means for investors.

The Meaning of Buybacks
A stock buyback, also known as a "share repurchase", is a company's buying back its shares from the marketplace. You can think of a buyback as a company investing in itself, or using its cash to buy its own shares. The idea is simple: because a company can't act as its own shareholder, repurchased shares are absorbed by the company, and the number of outstanding shares on the market is reduced. When this happens, the relative ownership stake of each investor increases because there are fewer shares, or claims, on the earnings of the company.

tt101: if look at big investor like Icahn he would want company to buy back their shares...

Seven stops in Malaysia have been identified in the high-speed rail (HSR) project which will connect Singapore and Kuala Lumpur.

The seven stops are: Kuala Lumpur, Putrajaya, Seremban, Ayer Keroh, Muar, Batu Pahat, and Nusajaya, according to The Straits Times.

Some more bought 10 million when share was lowest on Thu - that is what I called aggressive buying to support the share price ... only cash rich companies can do this ..

If you happened to invest in shares in Singapore, today your heart will drop even more - OCBC dropped 11 cents! Closing price $9.52.

Genting Singapore - achieved a high of more than S$2 - today only S $1.06 down 3 cents.

Compared to BJ Corp the drop in BJ Corp is nothing!

even Censof hor..... 9.5 %

For those who bought, look at everything in perspective, not scream and moan and panic because BJ Corp dropped 0.5 cent!

BJ Corp closed only 0.5 cent lower .....

Now look at the rest:

Dialog 9 cents down - 5.7%

AsiaBio (with MARA support) - down 11%

Now beforeuyou make any more comments .... Look at every counters even blue chips ! Look at the percentage losses of most counters ....

BJ Corp loses a few cents some people screaming and shouting as if end of the world ...

Please look at the market or even MARKETS as a whole - if most counters rise and BJ Corp drops then you can scream and shout like nobody business ....

Have you seen most of the counters today .... Look at the percentage losses ....

Share buy back today 2 millions at 0.475 to 0.48

Ganasai ... great now you join the BJ club!

Actually return is much higher than 2% since I bought BJ Corp only mid of this year ...

DOW went down again .... !!!

Well the global markets seem to be in turmoil....

Bought some more BJ Corp below 0.50 ... Guess I have to just put BJ Corp in cold storage for now, and collect the dividends.....

I have worked out - for the price I have paid and the dividend the returns is about 2% ...

I am holding to my BJ Corp for the long term. I bought below 0.50.

Reading the sharing by Calvin it make sense....

Today BJ Corp is NOT the only counter that dropped in price - look at all the the blue chips - they contributed to a drop in KLSE index by 1%, Nikkei 1% , Hang Seng 1.9 % , Singapore Index 1.1 %, ......

Why is BJ Corp singled out as if this is the only counter that dropped like crazy bankrupting everyone who bought it!

If you are not holding ANY stocks but cash only you win .....

Look at the European indices .... all as red as blood .....

You mean Berjaya Corp ONLY the one thatsis dropping .... by the way it dropped only 1 sen today despite Downtown dropping more than 300 points....

Geez ...... I really wondered why you keep on attacking mercilessly both Calvin and Berjaya Corp!

Note that it's the market sentiment that affect MOL IPO - Look at Hua Hong Semiconductor, the China Foundry Manufacturer, it's IPO also prices towards the bottom ..... http://www.financeasia.com/News/391096,hua-hong-prices-ipo-towards-bottom.aspx

So guys it's not your prediction ... it's just that "suay suay" the IPO happened during this Oct season........

Read news regarding MOL by FinanceAsia:

http://www.financeasia.com/News/391097,mol-global-prices-us-ipo-at-bottom.aspx

Let's face the truth ... it's not because of BJ Corp we lose money ...

If you had bought any counter yesterday confirmed lose money....

Blame it on the big fund managers shorting the DOW!

What a load of crap and shit these people...........

They shouted - BJ Corp went down - they didn't know it wasnt their doing - it was DOW!

Now up - because fundamentally BJ Corp is a strong company - and DOW again influences every counters - both strong or weak!

Now Grandma - don't have to worry got no money for funeral....

stncws ............ everywhere dead rats!

Go and take a look at the blue chips of Singapore Stock Exchange (SGX) - every blue chip is dropping like shit - even the banks!

.. and those who sold BJ Corp yesterday to go into Hang Seng (HK) - the stocks there also dropped like shit...right!?

So stop blaming BJ Corp for loss of money .......

Now even Grandma will cry even more if sell BJCorp and buy other counters (bluer chips)suggested by forum members here..............

Everything drops ...............

Because DOW drops ..............

But I think before closing bell (5.00 pm)all the stocks will recover....

Lots of counters are dropping between 5 to 10 % and you all have to pick on Calvin.............