It's always good to se him do charity especially with your money :D
williamtkb VT said want to donate more for charity. The share price up more than 100%. After saw huge profit, sure selling all the way down. 18cents on the way.
Roy 8 Saying that VT is selling to leaving bj is very speculative and can be untrue. Bj is VT's baby and his pride and joy.. He said he is giving away half his fortune to charity. There are many ways to donate to charity without selling bj. He may have some reasons for selling some of his bj shares, definitely not all. Maybe he sold some at the wrong time. To be , no big issue.
I noticed tsvt hurting feeling of many waterfish and ground minority shareholders. Why? No fundamental and analysis support this company market price. Can be as lower as 18cents for many years, then, notification and announcement all can't be trusted. No objective when bjcorp already sought 82% bjland, then, why bought initial with great cost? All associated and subsidiary company soon affected becomes penny stocks. News also comes late, insiders gain before spreading .
For those who missed the dump! VT has just thrown a lifeline? But from previous experience whenever there is a spike there will be VT sales again as plenty of shares left?
Operators are playing Tom & Jerry with retailers. They got money and huge of shares to manipulate... Retailers just be clever like Jerry to hit and run and come back again with situation.. hihihi
You the best among the best. If bjcorp can honestly reassess the company assets since still listed company and don't publish unrealistic notification and announcement, I will obedient investors.
Let me tell u if u really want to make monies on bjcorp reform & monetizations of its assets value leh...!!
In order to win big u must be prepare to take a few punches loh!! If u play chicken on bjgroup of companies, u better avoid this stock mah!
This is bcos one of the reform is to untie some of bjgroup of companies cross holdings, this is done by selling & unloading those cross holding mah!!
For example it was mentioned that VT hold 86.5% of Bland.....but actually bcorp only hold only 75% of bland....the rest are owned directly by Vt & family personally and bcorp 30% associates & VT associates like berjaya sompo insurance mah!
Thus they need to unwind all these cross holding by disposing some mah!
Jesse Livermore is a high risk gambler, it is nothing like smart safe entrepreneur like VT loh!!
Jesse Livermore is something like Mr Hwang of Archgoes, that just go under recently.....this are big time gamblers loh!!
VT invest for long term with big exposure into undervalue properties & good franchise business & well recognise business like star buck, 7 eleven, bjtoto etc mah!
'From $1.4 billion to Bankrupt in 5 yrs - Lesson of a Speculator Coming out of the 1929 Crash, one trader stood above the rest. Jesse Livermore was one of the few who foresaw the crash & leveraged that mkt awareness into gains of $100 million - or $1.39 billion in 2day's dollars. Those gains turned him into one of the Top 10 Richest men in the world.
5 yrs later, he filed for bankruptcy after squandering the fortune of a life time of trading.
How did it happen?
Even being so self-aware of mistakes he made previously, he was unable to keep from overleveraging hmself & losing his entire fortune.
"In truth, it was a period of total inconsistency & illogicality during which, by his own rules, he should have been out of the market sitting on his money. But he wasn't. Having conquered the world, he wanted to climb the mountain again."
Livermore lost 40% of his profit in 18 months - going long the market as it slipped to its lows by mid-1932. Then in 1932, Livermore switched & went short the market - just in time for it to double. The final blows were caused in 1933 when Livermore went long the market just as it fell back near its 1932 lows.
He was wiped out. Not only did Livermore not have a dollar to his name, but he was in debt $5 million, roughly $70 million in 2day's dollars, to various stockbrokers who advanced him money to trade.'
As listed company, there's a need or obligations to update the company reassessment financial situation before can buy other listed or non listed company.
As listed company, there's a need or obligations to update the company reassessment financial situation before can buy other listed or non listed company.
Self inflicted! Let's wait & see until VT stopped selling? In the meantime trade with care until Jalil unveils his strategic plan & shows actual value investment, the weather at BCorp can change anytime dependent on whims & fancies of the Operator?
He is very kind hearted, charitable & he even a permanent vegetarian (that means not only kind to human, kind to animal as well loh) once he whole heartedly join Tzu Chi loh!
He plan to donate half his wealth mah....!!
Why he need to con when he is kind & charitable leh ??
Just let Bjgroup of companies rise to fair value at Rm 2.00 that is more than sufficient to achieve his objective mah!!
Surely he do not want to donate bjcorp cheap cheap mah!
Thats why he need to sweat the bjgroup assets for value & return loh!!
Hehe...some ppl obviously hv not been in the mkt long enuf 2 know VT tactics...in '99 he likely orchestrated the run up BCorp's price from 55c to over $2.50 & then announced a lot of issuances of debt securities & the price plunged back to the low $1s. In '06 he did the same for both BCorp & BLand with some more dubious corporate maneuvers.
Now in '21, only talk abt 'sweating assets' & new mgt...how 2 'sweat assets' when the economy is so comatose, plundered by certain ppl for their own selfish interests & the vast majority of ppl are unwilling to spend 2 revive the economy? Do you notice the S$ xchg rate? I notice it everyday because 28% of my cash is in S$...
Sure, the price may rebound sharply here & there, but all the developments so far are nothing more than hot air.
His useless offspring RT already ran one listed co. into bankruptcy & directly or indirectly drove the mkt value of some of the others down by 85-90%...damage unlikely 2 be undone no matter how clever the manager is.
He is very kind hearted, charitable & he even a permanent vegetarian (that means not only kind to human, kind to animal as well loh) once he whole heartedly join Tzu Chi loh!
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....
gibsontan
68 posts
Posted by gibsontan > 2021-04-19 16:27 | Report Abuse
closing at 0.355 then tmr see further pull up