Analysis on Jalil's Plan by TheEdge reveals he will have to reveal his cards soon to excite Market players, but the hints are in the report. Guess selling BToto, merging BLand with BCorp & listing of Cosway using BLand market listing, monetize BLand's landbank and other assets and businesses could be some options available to halve the RM5 billion debts of BJCorp? The insights provided by Jalil's interview with China Press points to this direction?
Excepts of Interview with China Press
Jalil pointed out that the group will combine various plans, including the sale or reduction of shares in some subsidiaries, as well as the sale of assets to raise funds and reduce debt, and it will only be made public once there is a specific progress.
In some subsidiaries, we hold up to 100% of the shares. In fact, as long as we hold 51% of the shares, we can control the company's voice. Therefore, we may reduce our holdings by 30% or 40% to cash out. In addition, we will also consider taking out Sell some assets and exit some businesses.
Change the business model Under the epidemic, the consumer sector was the first to bear the brunt, but Berjaya Group announced its transformation into a consumer group at this moment.In this regard, Jalil pointed out that market consumer demand is always there, and only the problem of the business model has to be solved. He announced on June 15 a three-year (2021-2024) strategic plan for Berjaya Group, aiming to transform into a consumer kingdom with five core businesses.
During the interview, Jalil pointed out that even during the epidemic, people still need to consume.The demand for retail products and food will never change.What has changed is the way the business operates. Next, we will still open branches, but the number will be reduced. At the same time, the area of the store will be reduced, and we will further develop the Drive thru business and change the original business concept. In fact, during the epidemic period, Berjaya's drive-to-speed business has performed very well in the past year and a half. We also added a Krispy Kreme drive thru on June 15. https://www.chinapress.com.my/20210621/%e6%88%90%e5%8a%9f%e9%9b%86%e5%9b%a2ceo-%e5%98%89%e9%87%8c%e5%b0%94-%e4%bb%8e%e5%b9%95%e5%90%8e%e5%86%9b%e5%b8%88-%e6%91%87%e8%ba%ab%e6%8e%8c%e8%88%b5%e4%ba%ba/
Your name "early retirement" sounds like u retired too early loh..!!
Always learn to be patience mah!
When Jalil came into the Group Bjc was 20 sen & Bjland was 17 sen.that is about 3 mths ago mah!
Now u early see an appreciation of 30% to 40% already quite decent loh!
Actually Bjcorp fair value is more than Rm 1.00 n tp of 60 sen is just about half way mark mah!
But u must have the patience & discipline to see it thru mah! Warren Buffet...says stock mkt short term is a voting machine & long term is a a weighing machine...given time Bjcorp is able to achieve the fair tp value mah!
But Please lah...don over expect within 3 mths u get more than 200% gain lah!...U need to reasonable mah...yes u can hope & pray for 60 sen & Rm 1.00....but u expectation must be reasonable....The god will grand the transfer of wealth from the impatience to the patience over a period mah!
Get your position right on Bjcorp...let time....to get your wealth building right loh!
God already summon Super jalil & Good Samiritan VT do a good wealth building job for us mah!
U must be patience and have faith & believe & yea will receive lah!
I made the earlier comments because stockraider promised a big turnaround after end June, I remember I replied saying he has to justify if nothing happens because he was so sure and he "attacked" all differing opinions along the way.
Now stockraider said it will take time and patience to turn profits and we shouldn't expect things to happen so soon in end June. Why then in the first place he was so sure about end June and went down so hard on those disagreeing. I guess even after years, Stockraider will say it will take time and patience to turn profits and just have faith in superhero Jalil.
I hate to say this but I have to and it's not meant to attack anyone, just my opinion : VT is not a saint and Jalil is not a superhero. VT being VT will not change in his way in maximising profits for his own empire. It's Jalil's job to run the business so if he succeeds, he is not a superhero, he's just hired to do the job. And he is accountable if he fails.
Nothing will change if all factors remain the change (or almost the same). Believing this to be otherwise is called madness.
Actually Bjcorp fair value is more than Rm 1.00 n tp of 60 sen is just about half way mark mah!
But u must have the patience & discipline to see it thru mah! Warren Buffet...says stock mkt short term is a voting machine & long term is a a weighing machine...given time Bjcorp is able to achieve the fair tp value mah!
But Please lah...don over expect within 3 mths u get more than 200% gain lah!...U need to be reasonable mah...yes u can hope & pray for 60 sen & Rm 1.00....but ur expectation must be reasonable....The god will grand the transfer of wealth from the impatience to the patience over a period mah!
Get your position right on Bjcorp...let time....to get your wealth building right loh!
God already summon Super jalil & Good Samiritan VT do a good wealth building job for us mah!
U must be patience and have faith & believe & yea will receive lah!
Btw... there is no such things as rotten ship....that u cannot make monies mah...it is how creative & how well u can make it... they can make it happen loh...!!
Even rubbish....or a piece of shits...Super Jalil can turn it become Gold loh!
Whats more ? Bjcorp now own alot of undervalue properties, that are more valuable than gold mah!
Already a rotten ship, what Jalil can do to rescue a sinking ship. All good and money making money subsidiaries either sold or privatized by the cunning fox, what Jalil and the group can do next ? I think Jalil better consider how to settle the short term debt first ! This is call "karma" . Old fox need to repay what sins he had done for the past couple of years. Japan, Myanmar and Europe investments all ended like shit. In the future there are only 2 options for BJcorp e.i. remained as a below 25 sens counter or get delisted. MGHH.
U cannot artificially inflate the price of bjcorp mah!
The sustainable way is creation of value for bjcorp thru assets disposals mah....when people see value....they will swamped bjcorp like bees maH!
Remember this mah!
"Btw... there is no such things as rotten ship....that u cannot make monies mah...it is how creative & how well u can make it... they can make it happen loh...!! Even rubbish....or a piece of shits...Super Jalil can turn it become Gold loh! Whats more ? Bjcorp now own alot of undervalue properties, that are more valuable than gold mah!"
God already summon Super jalil & Good Samiritan VT do a good wealth building job for us mah!
U must be patience and have faith & believe & yea will receive lah!
The most recent BCorp quarterly report reveals the following:
Deposits with financial institution: 448.8 million Cash and bank balances: 857.2 million Subtotal: 1,306 million
Long term borrowing: 3,025.9 million Short term borrowing: 2,009.1 million Subtotal: 5,035 million
The ICULS (600 million in total) are ignored here given they're not redeemable. So, BCorp net debt is actually 3.7 billions.
Besides that, there's warrants WB 700 million and WC 706 million, totaling 1,406 million
If Jalil just needs to reduce 3 billion debt in 3 years, he can easily achieved that simply by making sure BCorp share price is above RM 1, cause those warrants will be converted and BCorp will pocket 1.4 billion, leaving only 1.6 billion to be addressed!
Get your position right on Bjcorp...let time....to get your wealth building right loh!
God already summon Super jalil & Good Samiritan VT do a good wealth building job for us mah!
U must be patience and have faith & believe & yea will receive lah!
Btw... there is no such things as rotten ship....that u cannot make monies mah...it is how creative & how well u can make it... they can make it happen loh...!!
Even rubbish....or a piece of shits...Super Jalil can turn it become Gold loh!
Whats more ? Bjcorp now own alot of undervalue properties, that are more valuable than gold mah!
From stockraider : "God" already summon "Super" jalil & "Good Samiritan" VT do a good wealth building job for us mah!
I salute you stockraider, I really do. I don't see this level of faith anywhere else except in you. Yes, you maybe right, I retire too early and don't know a thing!
You just reminded me how important to focus on hard facts. And no, I didn't get that from you.
From stockraider : "God" already summon "Super" jalil & "Good Samiritan" VT do a good wealth building job for us mah!
I salute you stockraider, I really do. I don't see this level of faith anywhere else except in you. Yes, you maybe right, I retire too early and don't know a thing!
You just reminded me how important to focus on hard facts. And no, I didn't get that from you.
From stockraider : "God" already summon "Super" jalil & "Good Samiritan" VT do a good wealth building job for us mah!
I salute you stockraider, I really do. I don't see this level of faith anywhere else except in you. Yes, you maybe right, I retire too early and don't know a thing!
You just reminded me how important to focus on hard facts. And no, I didn't get that from you.
“The Government had not initiated any industry specific assistance. With that, more closures are expected and countless people will lose their jobs,” Malaysia Association of Hotels (MAH) CEO Yap Lip Seng told FocusM.
I think part of the reason may cause by latest comment by stock analysis. They said the restructure plan didn't look attractive until the new CEO provide the details and take real action. IMO you have to wait 2022 to see the actual movement.
I'm very sick with those comment like 10 sen or 60 sen coming soon ... Let's talk about the fact, don't simply put any figure and confuse us. Most of us (included me) are not experts, but we are not fools too ...
WoW...orangutan/jackal as*kisser Su(Kraider has so...many enemies!Mikecyc,scenery,scanluver, kahheong,doudou,myself,shortinvestor77..LOL !!!All for defending a well-known conman co. that karang guni sunset brands...that drag into debt...
It was colder than Bukit Tinggi For a night in Reykjavik And I couldn't stop thinking If you are ok..dreaming football You were making me laugh Shit was making me sway And I thought you could fly How low can you go? 'Cause I wanna know How low can you go? I heard that you stopped buying? I was happy and sad But I didn't know why I still think of Jalil While I ride waves touching the sky It's been a long, long time And so much has happened The days catch fire like gasoline Just tell me what's the worst you've seen I wanna know How low can you go? How low can you go? Before margins comes a calling? Along comes a calling? 'Cause I wanna know How low can you go?
py1818 Tks for your daily bulletin. Looks like still downtrend. Major support 0.27 already broken will probably test 0.23 soon?
py1818 * @earlyretirement @sailang_now @bulldog BjCorp Highest price 0.50 Resistant 0.39 Resistant 0.35 Major resistant 0.335 Major resistant 0.31 Support 0.29 Major Support 0.27 Price 0.26 Support 0.23 Verdict - A big UTURN has happened.
How to use buletin. If price go below support, downtrend. If price go above resistant, uptrend
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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
31,556 posts
Posted by stockraider > 2021-07-01 11:08 |
Post removed.Why?