Jalil coming into the board, we can see that Bjcorp’s plan is to streamline the whole business model to be more organised and unlock plenty of value within its assets. With the planned divestment of non-core assets by selling off unprofitable businesses, this can clean up the balance sheet and there are good potential to turnaround the business.
Berjaya Corp currently has about RM1.2b cash and RM5b debt. Divestment of RM2b assets within 2 years (+40sen/share) and RM5b within 5 years(RM1/share) will largely strengthen the cash position and paring down debts. If everything is in line with the restructuring plan, Bjcorp potentially turn into net cash company within few years after clearing all loss-making operations.
the restructuring plan ongoing and Bjcorp turn into profit, this will also unlock the value of other core business which was previously discounted. There are plenty of value in the group’s subsidiaries; such as U-mobile(talks of going IPO), Bjtoto(defensive and churning good profit), 7-eleven, landbanks in Bjland (worth more than RM5-6b estimated) and many others which are yet to be factored in.
Bjcorp now trading at only about 0.3x book value(a 70% discount to true value). If we strip out Bjcorp’s stake in Bjland and Bjtoto, its only 0.2x book value (a 80% discount). The conglomerate’s NTA is at RM1.18(excluding accretion from unlocking various busineses’ value), while current share price only 33sen. This means that there is a potential >400% share price upside if everything goes well for them.
scanluver It is nice to see that you plan to book a trip to Holland with s00hai general c0ckraider. By the time it drops to 0.20, Jalil's c0ckraider is already on the run :D
Titan I think before Jalil makes the asset sweat, it will make stockraider ass sweat 1st......hehe. Anyway, there is no foe or allies forever. I will join force with you and ride this wild bull (at the moment siput la) when it drops to 20c. 16/06/2021 1:46 PM
LOL!!! Agreed with scanluver. Agreed with paperplane about wallstreetrookie as well. Looks down on ppl taking small positions but sendiri gasak & got EXECUTED in.LCTitan & others...
paperplane Oh I guess you are following that Facebook streamer smoking cigar?
I know you and followed your comment 1. Freight 2. Lctitan 3. BJCorp 4. Lioind 4. Yilai
The same pattern. So, are you a true investor that does your own due diligence or a sheep that follows guru advice on Facebook? I would assume it is the latter.
Posted by scanluver > Jun 16, 2021 2:58 PM | Report Abuse He sell some bjcor,p bcos of cross holding of associates & bcos he wants to prevent GO when his Loan Stock mature in 2022 mah!
Just curious..what is VT cost on the loan stock ?? what he balance now have ? hmmm
hehe, rookie, i also malas layan you. When i talk abt shipping, no one even talking about it. I know it much earlier because i read everyday. Malaysia investors is always lagging one, slow in action. When world limit up x300 time alredi in Taiwan, here shipping baru mahu move.
Alredi ppl elsewhere sudah game over on shipping and ppl here still wanna chase. Same to steel and plantation
Next is what sector i will not tell you. What guru? sifut i know, sifu no way.
my track record all here and i can smell things faster than ppl like you. I like to sell to rookie like you who loves chasing high
I am already here when price dropped to 13 sens and managed to grab some due to selling by Penta & Blackrock fund in 2018 due to default on payment by Beijing SkyOcean for GMOC & Jeju Project. Also around & exited when price rose to 52 sens in March. Now if got second round opportunity to buy cheap why not? when the earlier issues affecting BCorp already resolved & we now have a Transformation Plan in place?
scanluver You wanna sit around to find out? :D
simon2020 How low will it go?. Is there opportunity to buy at CEO's purchase price? Anyway selling pressure is not that great today.
Mark my word, soon we will see musang huge volume dispose on 16/6/2021 at headlines news. Now everyone knows his musang trick. Push up, then huge dispose... old musang trick but many victims kena.
Now that the BS restructuring plan is out, the execution stage is where the pain begins. Most companies tend to fail. You could probably buy cheaper at a later stage. All the best!
simon2020 I am already here when price dropped to 13 sens and managed to grab some due to selling by Penta & Blackrock fund in 2018 due to default on payment by Beijing SkyOcean for GMOC & Jeju Project. Also around & exited when price rose to 52 sens in March. Now if got second round opportunity to buy cheap why not? when the earlier issues affecting BCorp already resolved & we now have a Transformation Plan in place?
you see stock price rises then get excited, no diff if you see naked ladies big boobs you get sexcited and wanna bonk that naked ladies. Just like how you chase high when price go limit up. poor mindset and low mentality. wakaka
Will keep an eye for lower price opportunities. Oh yes, on the issue of cross holding, Berjaya companies is expected by Jalil to sell down their shares in other Berjaya companies to free their cashflow for own biz extension rather than investing in related companies. So expect to see more VT indirect sales as the economy recovers.
scanluver Now that the BS restructuring plan is out, the execution stage is where the pain begins. Most companies tend to fail. You could probably buy cheaper at a later stage. All the best! simon2020 I am already here when price dropped to 13 sens and managed to grab some due to selling by Penta & Blackrock fund in 2018 due to default on payment by Beijing SkyOcean for GMOC & Jeju Project. Also around & exited when price rose to 52 sens in March. Now if got second round opportunity to buy cheap why not? when the earlier issues affecting BCorp already resolved & we now have a Transformation Plan in place?
Good call. It's good to know that you're not one of those desperate 'Huat Chaii' gang :P
simon2020 Will keep an eye for lower price opportunities. Oh yes, on the issue of cross holding, Berjaya companies is expected by Jalil to sell down their shares in other Berjaya companies to free their cashflow for own biz extension rather than investing in related companies. So expect to see more VT indirect sales as the economy recovers.
Many years ago, lean structure, then streamline structures.........ever changing. It is only good if the company can generate shareholders wealth and declare high dividends.
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....
cunoldfox
267 posts
Posted by cunoldfox > 2021-06-16 14:53 | Report Abuse
last time u talked abt VT share, everybody scare n shy away. go ask ur grandfather why..