Lol...will Uncle Tan be inspired to take BJCorp private with help of UK bankers like NCW/Lena Tan since already controls more than 59% & everybody from disgruntled shareholders & VT Macais are bad mouthing & talking down his shares for a reason?
Thus current VT effective shareholding in Bjcorp is 1283m + 1211m = 2494m VT shareholding As a % of overall Bjcorp shareholding 49.6% pa.
VT holding As a % of overall Bjcorp after iculs2022 matures 54.8%.
The above 54.8% will trigger GO when the iculs matures mah! Thus VT need to dispose some Bjcorp shares to manage his shareholdings below 50% to avoid triggering GO mah!
Thats the reasons mix signal seen in the mkt, why VT disposing Bjc when it is undervalue and when bullish restructuring plan is coming by end of June loh!
stockraider, if VT is genuine, he could easily sell his shares to fund managers through direct negotiation rather than daily disposal. If he can't sell his shares to fund managers, that could only either he has some hanky panky behind the whole exercise or there's no trust among fund managers.
What VT has done is only trimmed his indirect holdings to friendly parties. 9 million shares is peanuts to VT as only valued at RM2.7 million @30 sens per share. He has not sold any of his direct shares of 1283 million while indirect shares 1211 million.
"Including today's transaction, he has cumulatively disposed of nine million indirect shares or 0.09% stake over the past two weeks."
At the moment VT hold Bjc as follows: Directly...... 1283m Indirect...... 1211m Iculs 2022.....258m Iculs 2026.....103m
Bland directly..96m
Number of Bjcorp share net of treasury 5020m
Thus current VT effective shareholding in Bjcorp is 1283m + 1211m = 2494m VT shareholding As a % of overall Bjcorp shareholding 49.6% pa.
VT holding As a % of overall Bjcorp after iculs2022 matures 54.8%.
For Fund managers, they will only buy when the price is up mah!
Thus for BJC to be up, it is better for VT to sell to his friendly who understand the big potential for now loh!
Posted by kahhoeng > Jun 14, 2021 9:21 AM | Report Abuse
stockraider, if VT is genuine, he could easily sell his shares to fund managers through direct negotiation rather than daily disposal. If he can't sell his shares to fund managers, that could only either he has some hanky panky behind the whole exercise or there's no trust among fund managers.
Posted by sailang_now > Jun 14, 2021 9:50 AM | Report Abuse
What VT has done is only trimmed his indirect holdings to friendly parties. 9 million shares is peanuts to VT as only valued at RM2.7 million @30 sens per share. He has not sold any of his direct shares of 1283 million while indirect shares 1211 million.
"Including today's transaction, he has cumulatively disposed of nine million indirect shares or 0.09% stake over the past two weeks."
At the moment VT hold Bjc as follows: Directly...... 1283m Indirect...... 1211m Iculs 2022.....258m Iculs 2026.....103m
Bland directly..96m
Number of Bjcorp share net of treasury 5020m
Thus current VT effective shareholding in Bjcorp is 1283m + 1211m = 2494m VT shareholding As a % of overall Bjcorp shareholding 49.6% pa.
VT holding As a % of overall Bjcorp after iculs2022 matures 54.8%.
Lol...Uncle Tan is happy everybody is thinking it's downtrend & fighting over nothing, while his Macais collect cheap. Who knows he may suddenly announce an MMC style takeover for BCorp/BLand in concert with NCW Malaysia/Lena Tan when you least expect it? Otherwise how to live up to the name of Fox?
'Sweet Dreams are made of this, who am I to disagree?' Sweet Dreams by Eurythmics. You dig? :D
gangnam Lol...Uncle Tan is happy everybody is thinking it's downtrend & fighting over nothing, while his Macais collect cheap. Who knows he may suddenly announce an MMC style takeover for BCorp/BLand in concert with NCW Malaysia/Lena Tan when you least expect it? Otherwise how to live up to the name of Fox? 14/06/2021 10:54 AM
We do not need to tell the old fox VT & superstar fund manager Jalil, what to do mah, what we need to do is establish how far & deep it is undervalue and whether it is worthwhile to hang on & wait mah!
The old fox is a super salesman and Jalil is a well known in funds management, this is a very lethal positive combination mah!
And do not worry that VT need to sell some share of Bjc to prevent it from triggering GO when the Iculs mature in 2022 mah!
Posted by kahhoeng > Jun 14, 2021 10:33 AM | Report Abuse
stockraider, then the potential you are chanting is not coming, cause fund managers not seeing up potential! Shows VT character clearly
* @earlyretirement @sailang_now @bulldog BjCorp Highest price 0.50 Resistant 0.39 Resistant 0.35 Major Resistant 0.335 Major Resistant 0.31 Price 0.295 Support 0.29 Major Support 0.27 Support 0.23
Verdict - No trend reversal. Price unable to stay above major resistant 0.31 and 0.335. Most likely price will test major support 0.27 again.
"Tmrw morning will have staff townhall to explain Berjaya Corp’s strategic plan, and reorganisation. The What, Why & How. Later in the evening after market closes will share it publicly."
Please share the 'Who' as well i.e. companies that are being retired.
BobbyAxelrod "Tmrw morning will have staff townhall to explain Berjaya Corp’s strategic plan, and reorganisation. The What, Why & How. Later in the evening after market closes will share it publicly."
py1818 Tks for your daily bulletin. First Major Resistance 0.31 already broken. Can it break & stay above next major resistance 0.335 today?
@py1818* @earlyretirement @sailang_now @bulldog BjCorp Highest price 0.50 Resistant 0.39 Resistant 0.35 Major Resistant 0.335 Major Resistant 0.31 Price 0.295 Support 0.29 Major Support 0.27 Support 0.23
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....
bulldog
12,157 posts
Posted by bulldog > 2021-06-13 00:24 | Report Abuse
Chance for us to accumulate more at lower price
Huat chaiii