Calvin sifu , you still hold bjc ? since 40sen start you missing jor you sell at 40sen and buy back recently ? Or you keep from 40sen until now ? becos you suddenly missing I wonder you cut loss from 40 sen and buy back near bottom ?
Today strong buyback of 15 Sifu Calvin my cost 40 sen sad sad sad hold 5 years already Last week 19sen I tak berani avereag down. Now I very sad . Do you think big can go back 40sen ? I am not greedy I set sell 40sen and I also happy to loss loss the broker fees and my 5 years holding time Hope Vt let me sell at 40sen Sorry Vt next time I tak play bjc please 40sen
Quite frankly, I am not familiar with listing requirements and has no way to confirm if the board of BJLand has acted accordingly and can only hope it is. With reference to the dividend, I should first apologize. Tan Sri VT had only mentioned about dividend upon disposal of Kyoto Four Season during BJCorp's AGM but not BJLand's. My writing may have not reflected this accordingly. Meanwhile, I am still hoping for a clearer answer from the board of both BJCorp and BJLand, i.e., if and when a dividend be declared for the disposal. When Tan Sri commented on a dividend upon disposal, I believe I have not heard any other BJCorp's directors (some were actually sitting on BJLand's board, right?) offering any clarification or disputing what Tan Sri has commented. I can understand current business environment is not appealing. I am not here seeking a huge payout, I am merely seeking the board to act on Tan Sri's promises, even a cent or two per share of dividend will do (each cent per share of dividend cost BJCorp and BJLand less than RM 60 million and BJCorp stands to receive the most from BJLand's dividend), just update us the condition if a dividend can't be too much. I have invested for years and not here seeking short term gain, and I would appreciate the board to have some level of accountability.
Once buyback 10% of BJCorp shares cancel them then reissue again to BJLand shareholders through a share swap plus some cash since their floating shares left also round 10%?
wantanmi, BJCorp issued approximately 200 million shares when exchanging Penta's BJLand holding. There are currently another 1.2 billion BJLand shares not held by BJCorp. If Penta's exchange ratio is the minimum reference exchange ratio, BJCorp will need to issue another 1.5 billion BJCorp shares. Buying back 10% of BJCorp shares is only 521 million shares. BJCorp buying back speed is very slow, doubt it's really into buying back shares to avoid dilution if its inclined to privatize BJLand...
There''s about 14% BJLand shares left in open market not held by VT & BJCorp (since already jointly controls 86%)
Since there are 5 Billion BJLand issued, 14% equals 700 million shares and not 1.2 Billion shares or 24% left in open market. If BJCorp buys back 10% or 521 million shares and cancels them. Then reissues 521 million BJCorp shares in shares swap with remaining BJLand Shareholders, BJCorp only needs pay cash for remaking 179 million shares for the diffence.
kahhoeng wantanmi, BJCorp issued approximately 200 million shares when exchanging Penta's BJLand holding. There are currently another 1.2 billion BJLand shares not held by BJCorp. If Penta's exchange ratio is the minimum reference exchange ratio, BJCorp will need to issue another 1.5 billion BJCorp shares. Buying back 10% of BJCorp shares is only 521 million shares. BJCorp buying back speed is very slow, doubt it's really into buying back shares to avoid dilution if its inclined to privatize BJLand...
wantanmi, yes, there's about 14% BJLand not held by VT & BJCorp, but BJCorp only holds about 76%, the rest is held by VT and related cos. So, if BJCorp were to privatize BJLand, BJCorp will also need to issue shares to VT and related cos.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Posted by 888STOCK888 > 2020-03-20 02:09 | Report Abuse
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