Stockraider, there's no further information of singer available, but a 20 million profit guarantee for a 1.1 billion new shares is surely absurd when a singer is sold at or close to net asset at a heavily discounted bjcorp net asset. If bjcorp net asset not performing, I would rather bjcorp improve efficiency and clean up balance sheet before buying anything, especially when the impact of covid-19 has yet to be known.
If u convert 1.1 billion bjc share at 19 sen...u get roughly Rm 200m valuation....Rm 20m profit...is reasonable with a yield of 10% pa mah.....!!
Posted by kahhoeng > Jun 5, 2020 12:52 PM | Report Abuse
Stockraider, there's no further information of singer available, but a 20 million profit guarantee for a 1.1 billion new shares is surely absurd when a singer is sold at or close to net asset at a heavily discounted bjcorp net asset. If bjcorp net asset not performing, I would rather bjcorp improve efficiency and clean up balance sheet before buying anything, especially when the impact of covid-19 has yet to be known.
Pity many retiree uncle auntie, hard-earned money continue to be trapped in BJCorp. If bought other shares, now can change old toyota corrola to new mercedes already lo
VT is trying very hard to do good & make good nowadays...but people get him wrong, due to past track record & reputation mah...!!
The singer deal is one of his positive good attempt mah...!!
Posted by Leong1982 > Jun 5, 2020 2:04 PM | Report Abuse
Pity many retiree uncle auntie, hard-earned money continue to be trapped in BJCorp. If bought other shares, now can change old toyota corrola to new mercedes already lo
Bcos we bad mouthed VT even he try to do good mah...!!
This self serving condition cause bjc to fall...even good news from kyoto hotel disposal, china great mall arbitration wins in Hk and singer deal at bjc share issue at 33 sen loh...!!
Just stay calm...let bjc unlocked value for us mah...!!
Why despite all the bad of VT publicity ?? Bjc investor refuse to sell leh ?
This is bcos the minority believe the moment they throw the towel, bjc will shoot up mah.....!!
Posted by Leong1982 > Jun 5, 2020 2:26 PM | Report Abuse
stockraider, action speak louders than word. today BJCorp 18.5c only. listen to TY Yap better, sell all lousy stock and buy glove stocks hahaha
I tell you one truth, I pity you! This platform is investing channel. Company worth a lot, but frightening to evaluation assets. Then, market price only 20cent due to what's? Company cheating public for continuing downgraded the market price.
Lol....Agree with @Stockraider...don't bad mouth Uncle Tan when he's trying to do good mah!
It seems only like only yesterday when Uncle Tan personally introduced Filipino Singer Gigi Villa dressed in a sparkling purple jumpsuit to us during the launching of first MCD in Jln. Bukit Bintang in 1982...
funny to read stockraider's comment, do you think share price went down because of small investors like us??? if Operator want it to be 33 cents, it can be done easily.
VT even bought many many million of bjc lately mah...!!
Market does not react upwards loh...!!
What to do leh ??
Posted by Leong1982 > Jun 5, 2020 6:53 PM | Report Abuse
funny to read stockraider's comment, do you think share price went down because of small investors like us??? if Operator want it to be 33 cents, it can be done easily.
Case 1. Bought bjland 4.31% from Penta, flooded with new issuence bjcorp . Untill now, no witness 0.29cent happen and sustainable. So called illustrated future what's price .Can replace market price ready. Furthermore, the shares buy back can almost or over new issuence shares with 19cents-21.5cent, lowered than 29cent paid by BOD, so called exchange.
VT will be getting more stingy now that more cucu popping out so he has more mouths to feed in the huge family.....he said already mah..everything for sale except family...
To those saying buying Singer RM388 million with share swap of 1,175 million BCorp shares is good offer. Allow us to suggest another mode, pay Singer with cash term.
However please note that the buying price was at PE ratio 19.8, which was very much at high side. It is not an good offer to BCorp.
Stockraider, there's no further information of singer available, but a 20 million profit guarantee for a 1.1 billion new shares is surely absurd when a singer is sold at or close to net asset at a heavily discounted bjcorp net asset. If bjcorp net asset not performing, I would rather bjcorp improve efficiency and clean up balance sheet before buying anything, especially when the impact of covid-19 has yet to be known.
vt say, difficult la, treat it left ear in weight ear out. dont take his word seriously. high hope high dissapointed. he all the time talk sweet sweet, self talk self pleasure.
right! think why he needs 2 days suspension to make it more dramatic just to draw everybody's attention? to the announcement of a non binding Mou? Just to make everyone hot under the ears aided by machais in the forum?
think out off the box guys..may just turns out like most of his proposals which never sees the light? it will be most interesting after June 20 when SC decides on the fate of BJMedia? thought Singer was supposed to be the white knight?
A genuine tycoon does not need to create a never see the light proposal... Just show the profits and dividend and he'll win minorities support and appreciation
What so interesting after June 20? My sympathy and sad seeing incapable BOD of bjmedia using the trust of IPO platform to create a never sees lights proposal until needs SC decide the fate .
My bottom heart telling me that bjcorp may triggered or violates Malaysia Company Act when Lydia replied that non binding MOU will be proceed. But looks back nobody bringing out Company Act or any leakages at legal system. The price The bjcorp Board of Directors or Auditors set up 0.33 cents is what price & how they formulated? @kahhoeng, Sslee, Oceansky you know?
The reporter says singer is purchase at PE 20x....raider think it is purchase at a reasonable price of PE of 11.5x taking in consideration VT willing accept bjcorp as a settlement at a premium of 33 sen compare to current market price of 19 sen.
If VT is dishonest he can ask bjcorp to issue share at 17.5 as settlement of singer deal instead of 33 sen mah...!!
In a way VT do care for minority loh....!!
If pay singer in cash like Ocean at Rm 388m....it is real sohai in bjcorp part mah...!!
If u can settle using bjcorp scrip at premium 33 sen why part with the precious cash leh ??
If u willing to settle in cash of Rm 388m...VT will jump will joy mah..!!
The minority shareholders will be the public laughing stock of sohai loh...!!
Posted by OceanSky > Jun 6, 2020 11:23 AM | Report Abuse
To those saying buying Singer RM388 million with share swap of 1,175 million BCorp shares is good offer. Allow us to suggest another mode, pay Singer with cash term.
However please note that the buying price was at PE ratio 19.8, which was very much at high side. It is not an good offer to BCorp.
Posted by OceanSky > Jun 6, 2020 11:24 AM | Report Abuse
What Kahhoeng said is right.
Stockraider, there's no further information of singer available, but a 20 million profit guarantee for a 1.1 billion new shares is surely absurd when a singer is sold at or close to net asset at a heavily discounted bjcorp net asset. If bjcorp net asset not performing, I would rather bjcorp improve efficiency and clean up balance sheet before buying anything, especially when the impact of covid-19 has yet to be known.
Why so hurry???
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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....
stockraider
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Posted by stockraider > 2020-06-05 12:12 | Report Abuse
Can u guys use your head & think ah ??
Singer will be bought by issuing Bjcorp share at 33 sen when its current share price is 19sen mah...!!
Also Singer is profit making guaranteeing rm 20m per year for 2 years whereas Bjc is loss making mah...!!
How could this be a bad deal leh ??