Lol...read the latest circular statement dated 29 August 2018 to BJLand shareholders especially Appendix 1 before u go..there are plenty of updates on the Vietnam, China & Korea property disposals...Btw with regards to the update on Selangor Turf Club Sungei Besi land acquisition near TRX Project & Bandar Malaysia...both BJLand & Selangor Government is in the midst of negotiations for a possible (win-win) settlement by early October? (refer page 37) No wonder Vt is buying BJLand aggressively lately...no harm to follow closely behind at the all time low? https://www.thestar.com.my/business/business-news/2017/11/11/court-decides-in-blands-favour-on-selangor-turf-club-issue/
TAN SRI DATO SERI VINCENT TAN CHEE YIOUN 28-Aug-2018 Acquired 2,000,000 TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 21-Aug-2018 Acquired 2,000,000 TAN SRI DATO SERI VINCENT TAN CHEE YIOUN 20-Aug-2018 Acquired 10,000,000 https://klse.i3investor.com/servlets/stk/annchsh/4219.jsp
lolz, suppose i can dispose some at 35c and buy More at lower price with More lots. Anyway, my last average price will be at 20c which almost TAKE me 50% porfolio. Other than that, only time work for me. Good luck all.
based on the most recent quarterly report, BJLand has a net asset of 6.5 billion, gross borrowing of 3.4 billion, net borrowing of 2.5 billion. After excluding the net borrowing of BJToto, BJLand's net borrowing is merely 1.8 billion.
Based on the FY18 annual report, BJLand is looking at receiving the final settlement from selling China property project amounting to CNY 974 million, approximately RM 590 million, a Jeju court settlement of at least RM 593 million, and Vietnam property project disposal with significant gain (err.. without specifying how much) that's at least RM 222 million. The total amount from the disposal is approximately RM 1.4 billion if not including the significant gain from Vietnam's disposal.
With a net borrowing of less than RM 400 million post disposal and excluding BJToto's net debt, I suppose the current market cap of RM 1.1 billion has more to do with liquidity concern and zero trust-worthiness of BJLand BODs and management.
Lol...Liquidity concerns?...seems like fine to me.. with all this affirmation from WSJ & MARC even before considering the big bucks which are coming home..
kahhoeng lately Tun M said bad abt Chinaman. What if they don't want to pay what can BJ Land do?
kahhoeng based on the most recent quarterly report, BJLand has a net asset of 6.5 billion, gross borrowing of 3.4 billion, net borrowing of 2.5 billion. After excluding the net borrowing of BJToto, BJLand's net borrowing is merely 1.8 billion.
Based on the FY18 annual report, BJLand is looking at receiving the final settlement from selling China property project amounting to CNY 974 million, approximately RM 590 million, a Jeju court settlement of at least RM 593 million, and Vietnam property project disposal with significant gain (err.. without specifying how much) that's at least RM 222 million. The total amount from the disposal is approximately RM 1.4 billion if not including the significant gain from Vietnam's disposal.
With a net borrowing of less than RM 400 million post disposal and excluding BJToto's net debt, I suppose the current market cap of RM 1.1 billion has more to do with liquidity concern and zero trust-worthiness of BJLand BODs and management. 10/09/2018 16:04
newbie5354, err... don't think that would any impact myself, but guess market already priced in that given the failure to pay end of last year. The BOD is 'confident' of getting paid while the market doesn't seem to believe that, I guess.
Nothing to be proud but happy to see it turns over from loss making to profit making as a start. It will continuous to make better profit but the best thing to expect if when a huge cash and profit (after all impairment done last financial year) come back from Vietnam subsidiaries deals soon (and also from China one day).
no hope lah, unless BJLand announces the 'significant' profit on Vietnam asset disposal... Of course, won't mind seeing a recovery in share price to 30s range.
B3 Future Prospects The Directors expect the number forecast operation ("NFO") business to be satisfactory and will continue to maintain its market share for the remaining quarters of the financial year ending 30 April 2019. The performance of the hotels and resorts business is also expected to remain satisfactory whilst the property market outlook is expected to remain lukewarm.
The Group also expects to record a significant gain upon the successful disposal of the Proposed BVIUT Disposal and Proposed Vietnam Subsidiary Disposal accordingly in due course, going forward.
Lol...looking good as profit is up 117.99% Qtr. to Qtr. & 43.81% Yr. to Yr. That's why Profit and EPS is up...the reason NTA is slightly down may be due to the successful Vietnam assets disposal of BVIUT Disposal and Vietnam Subsidiary Disposal which will record a significant gain to be reflected as Profit for the next Qtr., will be payback time for Vt as Bro. Anw. be will in Parliament by then...
uncle Tan initial plan is to tekan blowjob land to 20cents.. Then he will be very generous announced privatised at 22cents and give you 10% more premium than market price. Hahahaha...
Lol...privatise? looks more like MGO...that's if there are any takers if the price is not right...
...according to the breakdown of BJLand share ownership - BJCorp has 78.65% , Vt has 1.39% , Foreign funds has 12.97% so the balance of 6.99% must be owned by retailers? so how to achieve 90% for mandatory takeover unless Vt offers a good share premium to entice Foreign institutions/ retailers to sell their 12.97% & 6.99% respectively...should privatisation takes place?
So opportunity to...Buy? or Sell? at the all time low? Only U can decide...
p.s. according to the law... if Vt offers a high price to Foreign funds in order to buy their 12.97% shares in BJLand, Vt is also bound to extend the same offer to the rest of remaining shareholders...minority inclusive...
Total BJLand shares pledged by Berjaya group of companies to local investment Banks for Loans/Funding? 55.79%
That means BJCorp is left with only (78.65 - 55.79 ) 22.86% unpledged shares and Vt's 1.39% direct shares in BJLand to play with? Out of the 80% BJland shares owned by BJCorp & VT...55.79% already pledged to Investment Banks so only 22.86% BJland share owned by BJCorp & Vt are non encumbered shares...don't think Vt's will risk suspension of BJLand shares since 55.79% of BJCorp's shares in BJLand are pledged with local Investment Banks as collaterals for company loans and funding...any smell of suspension will render the BJLand pledged shares non-marketable and make Investment Bankers nervous and will trigger margin calls for Vt...just ask uncle KYY about his experience... :)
Pledged BJLand shares by Berjaya group of companies with Local Investment Banks for BJCorp Loans/Funding? Refer BJLand Annual Report 2018 page 245 - 246. RHB Nominees (Tempatan) Sdn Bhd - Bank Of China (Malaysia) Berhad Pledged Securities Account For Teras Mewah Sdn. Bhd. - 9.06% RHB Nominees (Tempatan) Sdn Bhd - Pledged Securities Account For Juara Sejati Sdn Bhd - 5.05% Maybank Nominees (Tempatan) Sdn Bhd - Pledged Securities Account For Juara Sejati Sdn Bhd (414084-91161C) - 3.97% Maybank Nominees (Tempatan) Sdn Bhd - Pledged Securities Account For Juara Sejati Sdn Bhd - 3.22% Amsec Nominees (Tempatan) Sdn Bhd - Pledged Securities Account- Ambank (M) Berhad For Teras Mewah Sdn Bhd - 2.66% CIMB Group Nominees (Tempatan) Sdn Bhd - Pledged Securities Account For Juara Sejati Sdn Bhd - 2.58% Amsec Nominees (Tempatan) Sdn Bhd - Pledged Securities Account For Bizurai Bijak (M) Sdn Bhd - 2.42% CIMB Group Nominees (Tempatan) Sdn Bhd - Pledged Securities Account For Bizurai Bijak (M) Sdn Bhd - 2.41% RHB Capital Nominees (Tempatan) Sdn Bhd - Pledged Securities Account For Bizurai Bijak (M) Sdn.Bhd. (Berjaya Corp) - 2.15% Affin Hwang Nominees (Tempatan) Sdn. Bhd. - Pledged Securities Account For Juara Sejati Sdn Bhd - 1.82% Maybank Nominees (Tempatan) Sdn Bhd - Pledged Securities Account For Bizurai Bijak (M) Sdn Bhd - 1.81% Maybank Nominees (Tempatan) Sdn Bhd - Pledged Securities Account For Teras Mewah Sdn Bhd - 1.76% Maybank Nominees (Tempatan) Sdn Bhd - Pledged Securities Account For Sublime Cartel Sdn Bhd - 1.56% Affin Hwang Nominees (Tempatan) Sdn. Bhd. - Pledged Securities Account For Berjaya Corporation Berhad - 1.52% RHB Nominees (Tempatan) Sdn Bhd - Bank Of China (Malaysia) Berhad Pledged Securites Account For Inter-Pacific Capital Sdn. Bhd. - 1.50% Alliancegroup Nominees (Tempatan) Sdn Bhd - Pledged Securities Account For Bizurai Bijak (M) Sdn. Bhd. - 1.50% HLB Nominees (Tempatan) Sdn Bhd - Pledged Securities Account For Juara Sejati Sdn Bhd - 1.48% CIMB Group Nominees (Tempatan) Sdn Bhd - Pledged Securities Account For Teras Mewah Sdn Bhd - 1.32% Bank Of China (Malaysia) Berhad Pledged Securities Account For Juara Sejati Sdn Bhd - 1.32% Maybank Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Juara Sejati Sdn Bhd - 1.20% RHB Nominees (Tempatan) Sdn Bhd Industrial And Commercial Bank Of China (Malaysia) Berhad Pledged Securities Account For Bizurai Bijak (M) Sdn Bhd - 1.18% Pledged Securities Account For Berjaya Times Square Sdn Bhd - 1.12% CIMB Group Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Berjaya Corporation Berhad - 1.10% Maybank Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Berjaya Group Berhad - 1.10% Maybank Nominees (Tempatan) Sdn Bhd Pledged Securities Account For Juara Sejati Sdn Bhd - 0.98%
JeffreyTeck Query: Profit and EPS up but net asset per share down. Any accountant can explain?
BjLand NA drop to RM0.81 from RM0.86, even EPS is RM0.0033.
It is a bit academy answer, while refer to A1 note: (a) MFRS 9: Financial Instruments, and (b) MFRS 15: Revenue from Contracts with Customers,
Let read the Financial impact (in page 11), the effects of adoptions of both MFRS 9 & 15 have given impacts on the NA : 1. Revaluation reserve of (RM 30.6 mil) 2. Retained Earnings (RM 219.7 mil) - which under Equity side and transfer to 3. other long term liabilities + RM 241.6 mil - which under Liabilities side
This have give direct impact on the NA drop to RM0.81 from RM0.86.
Anywhere, If compare to current market price of RM0.245, the NA still stay a very high side.
Notwithstanding the above, the cash & cash Equivalents of Bj-Land is of RM 773.8 mil, (under Closing balance, stated in Page 7) which is RM0.155 cash per share.
Assume distribute the cash back, you still hold all the assets, properties, lands, hotels, clubs and 40% of Bj-Toto and 100% of HR Owen with only RM0.09 per share cost.
ya lor! Last year I stiill see above 50cents but no buy. However bought at 30cents,28cents,26 cents I also paper lost until now. This morning no choice bite some at 20cents. Try average down the price. Just hope Uncle Fox Tan do some magic show
bjc and bjland cannot touch one, VT never treat us good not even a penny or 0.000001 sen dividend when earn money VT sapu all the money when loss money will think how to cheat from stock market \even startbuck, toto , hotel , car , auto 7eleven , all is comfirm untung big big money company but we got shit ????? not even give free voucher like YTL free 50ringgit plus everyear high dividend why the sky let this kind of person born to con people hard earn money VT I advise please mercy to everyone Amen
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....
Robert Lam
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Posted by Robert Lam > 2018-09-06 08:21 | Report Abuse
anyone here will go AGM next month?