Yup! The main problem is that Joker is still the Chief Financial Officer holding the purse strings buying left & right at BJCorp...Btw already 5.58% shares buyback, only 4.42% left to go? After that what's next?
It's not just the CFO, the empire has a lot of warlords with each cooking their books. This is just the tip of the iceberg. Still hoping for payouts? Don't hold your breath.
promises not upheld,often ask us buy more and more. if it has sharp drop and rebound that is ok for me. but this is like hovering for several years, torture you like hell.
In upcoming Q result, bjcorp will record massive net gain RM 480m after tax from disposal four season hotel in japan, nett EPS= 9sen. Theses monetize asset worth RM 1.87 billion in total will improved bjcorp financial strength significantly. Bjcorp have consistently buyback share, accumulate almost 6% in treasury now.
Best don't touch unless you have enough to buy the whole company... VT has already shown us what he can do, NO dividend, NO price support if he's not buying, and who knows what investment strategy that minorities ONLY assured one thing so far, not getting a cent of dividend.
With treasury share accumulated to 6%, can expect share dividend 1 for 20 or cash dividend 1 sen to reward shareholder for highly success monetize four season hotel for RM 1.87 billion.
Currently, in turn of investable, bjcorp is better than bjland. These is due to bjcorp benefited the most from monetize four season RM 1.87 billion (four season control by 50% bjcorp: 50% bjland) due to fact that bjcorp also control 78% stake in bjland. Therefore, bjcorp will consolidate all cash hoard proceed from RM 1.87 billion, minus small minority interest
Apr results should be very bad as Mar n Apr under mco, and last Apr results is unexpectedly good. Anyway the price is quite low for negative reasons and at best for trading only as price chart tells the truth.
As long there is foreign selling, Berjaya will drift lower & lower even with shares buyback. A very simple theory, all investors want some return from what they invested. So, if a company doesn't give you anything, for no reason for you to hold on and support them anymore. So, trade along with them to get something back. World is changed after 2020.
Bjcorp 78% subsidiary bjland, is pleased to announce that GMOC has on 21 May 2020 obtained a favourable arbitration award from the HKIAC (“Final Award”), details of which are as follows:-
(i) Beijing SkyOcean shall pay to GMOC the outstanding balance amount of RMB974.07 million;
(ii) Beijing SkyOcean shall pay liquidated damages on the outstanding balance amount calculated at the People’s Bank of China’s lending rate of 4.75% per annum from the payment due date of 28 November 2017 until the date full payment is made;
(iii) The Guarantors shall be jointly and severally liable for the amounts payable by Beijing SkyOcean under the Final Award; and
(iv) The Respondents shall jointly pay legal costs of about RMB15.9 million (or about RM9.72 million) and arbitration costs of about HKD3.96 million (or about RM2.23 million) within 30 days after issuance of the Final Award, failing which late payment interest at 8% per annum shall be charged from the due date until the date of actual payment.
GMOC will proceed to seek recognition and enforcement of the Final Award in all relevant jurisdictions after 20 June 2020, upon the expiry of the 30 days’ voluntary settlement period stated in the Final Award.
Remark: a significant full write back on earlier provision impairment and extra interest charge income will be recognized
BLand is pleased to announce that GMOC has on 21 May 2020 obtained a favourable arbitration award from the HKIAC (“Final Award”), details of which are as follows:-
(i) Beijing SkyOcean shall pay to GMOC the outstanding balance amount of RMB974.07 million;
(ii) Beijing SkyOcean shall pay liquidated damages on the outstanding balance amount calculated at the People’s Bank of China’s lending rate of 4.75% per annum from the payment due date of 28 November 2017 until the date full payment is made;
(iii) The Guarantors shall be jointly and severally liable for the amounts payable by Beijing SkyOcean under the Final Award; and
(iv) The Respondents shall jointly pay legal costs of about RMB15.9 million (or about RM9.72 million) and arbitration costs of about HKD3.96 million (or about RM2.23 million) within 30 days after issuance of the Final Award, failing which late payment interest at 8% per annum shall be charged from the due date until the date of actual payment.
GMOC will proceed to seek recognition and enforcement of the Final Award in all relevant jurisdictions after 20 June 2020, upon the expiry of the 30 days’ voluntary settlement period stated in the Final Award.
Right....make money from other shares like BJLand first. Only pariah counter will afraid of day traders. Don't dream about money coming back to shareholders. That never happen before after the 4 seasons and Vietnam cases. Hahahaha........ Now the boss may be planning to put the money in US or Myanmar once again like what he did before and bought a hotel in Iceland. This time VT may be thinking of more share buyback and increasing the stake in 7-11 or say invest in other glove shares. Bro, just dream. Its ok to dream that the shares will shoot up .
Date of buy back 29 May 2020 Description of shares purchased ORDINARY SHARES Currency Malaysian Ringgit (MYR) Total number of shares purchased (units) 2,000,000 Minimum price paid for each share purchased ($$) 0.190 Maximum price paid for each share purchased ($$) 0.195 Total consideration paid ($$) 384,533.54 Number of shares purchased retained in treasury (units) 2,000,000 Number of shares purchased which are proposed to be cancelled (units) 0 Cumulative net outstanding treasury shares as at to-date (units) 319,600,000 Adjusted issued capital after cancellation (no. of shares) (units) 5,214,924,527 Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 6.13000
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....
wantanmi
309 posts
Posted by wantanmi > 2020-05-12 20:54 | Report Abuse
Yup! The main problem is that Joker is still the Chief Financial Officer holding the purse strings buying left & right at BJCorp...Btw already 5.58% shares buyback, only 4.42% left to go? After that what's next?