@laulau That amount may not be distributed as dividend. BJLand may utilise it to pare down debts as interest rates may rise soon. BJLand''s debts range from MYR to other major currencies just like BJCORP.
Think disposal gain can be expected mainly from properties in China and Vietnam but not from Sinapore and South Korea. And the gain will only be reflected in the Q3.
Agreed intentionally suppressed the shares to collect cheap sales...TSVT has 78.8% and very sure he is going to increase his holding further and further until the shares floating in the market is limited. Any demand push of the shares will trigger the share price to shoot like ICBM.
BJ Land : Plenty of Muscles, Now Got Brains! with the return of TSVT assisted by John Pridjian
Buy while somebody still want to sell cheap for this cornered stock.
Sum of Parts For BJLand
Sum of Parts = Adjusted Assets - Adjusted Liabilities = RM9.163 billion - RM4.564 billion = RM4.599 billion. Divided by 5 billion BJ Land shares, Intrinsic Value = RM0.92 per share. https://klse.i3investor.com/blogs/icon8888/99941.jsp
Looking at past BJ privatisation exercise by TSVT..the fair value can range from 65 sens to a high of 90 sens...however it is important to to maintain the five-day volume weighted average market price of BJLand as high as possible prior to the serving of notice to get the highest possible offer price..
Berjaya Land wins judicial review, to proceed with construction of new Selangor Turf Club
Recap "In 2004, Berjaya Tagar a subsidiary of BJland had entered into an agreement with STC for the acquisition of three parcels of leasehold land measuring a total of 245 acres in Sungai Besi for RM640 million, of which RM35 million will be paid in cash and the balance of RM605 million will be satisfied by a transfer to STC of 750 acres of land in Bukit Tagar with a newly built turf club.
For those who are not aware that BJland is sitting on a goldmine....
Quote "Berjaya Tagar a subsidiary of BJland had entered into an agreement with STC for the acquisition of three parcels of leasehold land measuring a total of 245 acres in Sungai Besi for RM640 million, of which RM35 million will be paid in cash and the balance of RM605 million will be satisfied by a transfer to STC of 750 acres of land in Bukit Tagar with a newly built turf club."
The Selangor Turf Club (STC) is the major horse racing course in Klang Valley, Selangor, Malaysia. The STC main race course is located on 245 acres of prime land at Sungai Besi, 17 km from Kuala Lumpur city centre. STC is only 20 minutes drive from Simpang Airport, the location of Bandar Malaysia also in Sungai Besi.
Bandar Malaysia is an urban development project in the city of Kuala Lumpur, Malaysia. This project will be built at the current Simpang Airport site. There will be two MRT Sungai Buloh-Serdang-Putrajaya Line stations namely "Bandar Malaysia North" and "Bandar Malaysia South".
Good news For BJLand...Developers can still build offices, malls with 'justification' — Johari
KUALA LUMPUR (Dec 5): Despite an announced freeze of approvals for shopping complexes, offices and condominiums priced above RM1 million, developers can still build offices and shopping malls, provided they justify their projects to the relevant minister, according to second finance minister Datuk Seri Johari Abdul Ghani.
Thank you for sharing your comprehensive write up on BJLand. Very informative and details. Good for investors Intend to buy more shares on BJLand before it is locked up by TSVT.
I think BJLand is sitting on Gold mine. The recent court case reveals that BJland has acquired a piece of land in Sungei Besi in 2004 from Selangor Turf Club. The land size is 244.79 acres (10,663,052 sq ft) at a cost of RM640m which is RM60 per sq ft. The current land cost per sq ft in Sungai Besi is surely worth more than RM60/sq ft. We assume the current market value is RM250 per sq ft, the total value of this land is RM2,665,763,000 (RM250 x 10,663,052). No wonder TSVT is increasing his stake on this company......
We think TSVT is cooking up something?...Buy as much as you can...as BJ Land Intrinsic share value is RM0.92 per share...before the cheap supply dries up soon...as Santa Claus will be giving presents early this year before BJLand's next quarter result which is expected to be good by 22 December.
Sum of Parts For BJLand
Sum of Parts = Adjusted Assets - Adjusted Liabilities = RM9.163 billion - RM4.564 billion = RM4.599 billion. Divided by 5 billion BJ Land shares, Intrinsic Value = RM0.92 per share. https://klse.i3investor.com/blogs/icon8888/99941.jsp
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Posted by ryan7642 > 2017-05-24 19:52 | Report Abuse
I got feel VT will hv movement on bjland..privatise?now ad hold near 75% direct n indirect loll. .