Since Jalil's Strategic Plan has been discounted by Market. He needs to provide more excitement like suggested below? Otherwise how to catch fish with no baits?
I like both ideas but Tvst being an old Fox will not showhand too early. Privatization is not the only option, It could also be takeover of the remaining 13% BlLand minority shares ala Ancom style in exchange for a mix of cash & shares in BCorp?
kahhoeng distributing all toto shares to bland shareholders as special dividend and bcorp inject other gambling business not owned by toto into toto in exchange for shares? that should be good.
kahhoeng not really lah, experts trying to gauge the impact of CEO's plan, and it's a difficult one given everything is still anything but vague... I would have expect Jalil to announce at least one concrete deal, like privatizing BLand with its listing status be transferred to a REIT comprising of BCorp buildings, malls, office buildings, etc. or sell to UMobile for backdoor listing...
BCorp already unveils three-year strategic plan to streamline business, unlock value
They already tell good news point mah;
THE KEY BULLISH POINTS;
1.Shares of BCorp currently trade at one-fifth of its peak value in 2010, and less than 0.2 times its net book value of RM1.78.
2.Abdul Jalil has since also acquired 181.57 million BCorp shares, representing a 3.61% stake.
Read this TA report carefully mah!
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.
IF PEOPLE WANT TO ACCEPT & LISTEN THEN OK FOR THEM, BUT THEY REFUSE & IGNORE, THEN NO NEED TO HARD UP FOR THEM MAH!
ANYHOW ALL THE BJCORP SUPPORTERS & MACAIS WHO BELIEVE IN BJCORP HAVE NOT COLLECT ENOUGH MAH!
LET ALL THE ALLIES COLLECT ENOUGH 1ST LOH!
Posted by simon2020 > Jun 17, 2021 2:58 PM | Report Abuse
Since Jalil's Strategic Plan has been discounted by Market. He needs to provide more excitement like suggested below? Otherwise how to catch fish with no baits?
I like both ideas but Tvst being an old Fox will not showhand too early. Privatization is not the only option, It could also be takeover of the remaining 13% BlLand minority shares ala Ancom style in exchange for a mix of cash & shares in BCorp?
kahhoeng distributing all toto shares to bland shareholders as special dividend and bcorp inject other gambling business not owned by toto into toto in exchange for shares? that should be good.
kahhoeng not really lah, experts trying to gauge the impact of CEO's plan, and it's a difficult one given everything is still anything but vague... I would have expect Jalil to announce at least one concrete deal, like privatizing BLand with its listing status be transferred to a REIT comprising of BCorp buildings, malls, office buildings, etc. or sell to UMobile for backdoor listing...
Jalil should take note of Market's reception on his Strategic Plan which good for long term but should follow up with a shorter action plan on what's he is going to do in the next 100 days to bolster retail investors confidence which seems to be lacking in Berjaya nowadays.
Posted by simon2020 > Jun 17, 2021 3:29 PM | Report Abuse
Jalil should take note of Market's reception on his Strategic Plan which good for long term but should follow up with a shorter action plan on what's he is going to do in the next 100 days to bolster retail investors confidence which seems to be lacking in Berjaya nowadays.
Posted by miniminer > Jun 17, 2021 3:33 PM | Report Abuse
Nampaknya, ada show pun besok petang atau next Monday, hope BJcorp will announce something good in more details la, market rated & responded negatively on it first 100 days high level re-org announcement, work harder please.......hehehe..................
Since Jalil uses Twitter he should Twit on progress of his actions for implementation at Berjaya as part of installing confidence & keeping investors updated instead of twittering on unrelated area everyday since everyone is waiting.
Posted by hanna20 > Jun 17, 2021 3:39 PM | Report Abuse What is Jalil's next strategy?
May be he should get some venture capital to come to participate the restructuring, and reduce the debt, same time give away some stake..cut loss 1-2 company as collateral damage
Not to worry guys....always the same, when news comes out they always press it down down under. When you least expect it....it will shoot like a Rocket for the Public to Chase....Always the same old scenario....
Let's hope Jalil reads this & not only sits in his Ivory Tower admiring the furniture & TRX...
miniminer The first 100 days "mercun" must be high and loud then follow up with actions or some achievements of low hanging fruit (Baju Batik not an achievement pls). Canceling BJLand privatization expectation, let the long pending share spread issue hanging for BJland without replacement hope lead the "mercun" hit below ground with disappointments, thus, the leader need to continue firing up and keep the show warm, else, "Once song end, people will disburse" ......hehehe......................... 17/06/2021 4:38 PM
2a. It owned big chunked of Bj properties so are hugely undervalue & not being value for years mah! Also some are in large prime locations like its Golf Clubs & Recreation Clubs easily can be converted to large property development. The clubs are landbanks & a store of value for Bjland mah!
2b. Berjaya Corp holds more than 80% equity of Bjland, thus it remains easy plucking fruits with little $$ can privatise already, just like what Syed Mokhtar Intend to do with MMC recently loh!
2c Thus Bjland remain the core assets for Bjcorp restructuring plan to unlock value & part of the Rm 2b to Rm 5b disposal plan loh!
Read this TA report carefully mah!
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.
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.
Posted by sailang_now > Jun 18, 2021 8:26 AM | Report Abuse
Let's hope Jalil reads this & not only sits in his Ivory Tower admiring the furniture & TRX...
miniminer The first 100 days "mercun" must be high and loud then follow up with actions or some achievements of low hanging fruit (Baju Batik not an achievement pls). Canceling BJLand privatization expectation, let the long pending share spread issue hanging for BJland without replacement hope lead the "mercun" hit below ground with disappointments, thus, the leader need to continue firing up and keep the show warm, else, "Once song end, people will disburse" ......hehehe.........................
Looks like no Oomph today. Interesting to note VT sold another 2.52M 5% ICULS between 15~16/6. DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD | https://www.klsescreener.com/v2/announcements/view/3378387
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.
Posted by scanluver > Jun 18, 2021 10:51 AM | Report Abuse
Of course it is possible. Don't listen to gamblers who bought the top.
Jalil should take note of Market's reception on his 3 years Strategic Plan which good for long term but should follow up by announcing actions on what's he is going to do in the next 100 days to bolster retail investors confidence which seems to be lacking in Berjaya.
On the issue of crossholding, Berjaya companies is expected by Jalil to sell down their shares in other Berjaya companies to free cashflow for own biz operations rather than investing in related Berjaya companies. So expect more VT indirect intrest sale announcements as all Berjaya companies are facing cashflow problems under FMCO and survival is more important before any long term plan can be executed.
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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....
sailang_now
650 posts
Posted by sailang_now > 2021-06-17 13:39 | Report Abuse
Price ding dong around 30 sens, for show to start must break & stays above major resistance first?
Major resistant 0.335
Major resistant 0.31
Price 0.30