Posted by kahhoeng > Dec 20, 2018 05:38 PM | Report Abuse
bjcorp owns approximately 72% of bjland. To privatize BJLand, BJCorp needs to acquire approximately 1.4 billion shares. A per share offer of 0.60, 0.80 and 1.00 respectively, BJCorp will need to spend 840 million, 1.12 billion, and 1.4 billion respectively. It would be a stretch to BJCorp balance sheet if it were to acquire 7-11 as well.
not much share oustide, Vt is control very good at Bjland only small holder here not like bjc,bjc got too many uncle aunty
Bjland only cold wind , easy to get it . If I am the Boss , I will move all the cash golden , diamond , value assets into Bjland later use startegy to make Bjland as my own pocket money ,I am not sharing Bjland to other I will still let Bjc list becuase need to cover my cash rich and back act
Bjland now all people is eye on , see who is the last one take this billions money back to home boss win or small shareholders who can get the money from bjland ??
joetay10, land is not considered a liquid asset. BJToto has approximately 700 million net debt. Taking this debt out of BJLand balance sheet, BJLand still has approximately 1.8 billion net debt. This yet to include the proceeds from disposals of (1) Kyoto Four Season (2) Vietnam property projects and the court ruling on (1) Jeju Property project (2) Sungai Besi land swap and (3) China property project...
Future Prospects The Directors expect the number forecast operation ("NFO") business to be satisfactory and that it will continue to maintain its market share for the remaining quarters of the financial year ending 30 April 2019. The performance of both hotels and resorts and property development business segments are expected to remain satisfactory. The Group also expects to record a significant gain upon the successful disposal of the Proposed BVIUT Disposal and Proposed Vietnam Subsidiary Disposal as disclosed in Note B7(f).
Dun dream of bjland will be privatised 1st...as there is no urgency to delist bjland...the plan to sell kyoto is to privatise 711 becoz vt need money n the royals wanna liquidate their position...bjland will come later n later the merrier...
there are many people just blow water and "gek poh". Critised and hammer day and night. In fact they didn't own any shares also. Just too free nothing better to do.
there is no bargain power for bland holder..if vt privatise is unsuccessful... from which the excercise might increase vt direct n indirect shareholding to below 90%..not enuff to forceful takeover..but further worsen the liquidity issue..the share will go into suspension of trading...under this scenario ..i bet most of the minority including the foreiner will throw the towel in...so no hope of high offer for bjland...u go n think...your only faith is VT is a good man n will offer high price...
Lol...what is good for Uncle Tan is also good for BJCorp shareholders as BJcorp owns 80% of BJLand... anyway Bursa has accepted BJland's 19.76% in announcement dated 20/12 as meeting public spread requirements for public listing in Bursa..
Lol...time is the essence for Uncle Tan...since Bursa has approved BJLand's public listing with 19.76% public spread..there is need to privatise BJland quicky w the money from Kyoto sales before the compensation/sales from Korea, Vietnam, China, Selangor Govt. coming anytime..any fall back is time to accumulate at cheaper price..7-11 can still wait as the stakes are much higher with BJLand..why share with royalty?
Posted by williamyong8822 > Dec 20, 2018 03:20 PM | Report Abuse VT will offer a reasonable offer price for the privitisation to get the approval of the foreign institutional investors which hold around 13 % of BJLAND shares.
Lol... corrections BJCorp owns 80% of BJLand not Uncle Tan but is controlling shareholder with 49% of BJCorp, BoD only a rubber stamp so what is good for him is good for other BJCorp shareholders including minority that's why the recent buyback..so just follow closely behind..
You guys have been wrong about how much BJCorp owning BJLand...
BJCorp owns approximately 73% of BJLand. The rest, approximately 8%, is owned through VT's personal capacity or other listed companies. Its so complex that I didn't even try to dig. Though, its fair to say its VT buying through Berjaya Retail of sometimes last year, that causes VT's total ownership in BJLand to cross 80%.
BJLand's businesses are less complex than BJCorp's, primarily into gaming business and car dealership through BJToto, property development and hotel businesses. During its high, BJLand invested heavily into Japan, South Korea, China, and Vietnam. Unfortunately, Its venture into South Korea and China are not doing well while its Vietnam venture doesn't seem to be on good position too. Japan's Kyoto Four Season is a success only after BJCorp buying over 50% to complete to project. My guess, the money stuck in China and South Korea is killing BJLand's cash flow, forcing BJCorp to assist BJLand as a last resort (who knows, there could be more, given VT is famous).
Lately, BJLand has been slowly sorting out its messes. It has successfully completed Kyoto Four Season. Meanwhile, it has been able to unload China project even though it has not been able to collect the rest of the payment, approximately 560 million. On top of that, BJLand has tried to sell some of his Vietnam venture. Well, it was said the deal will be completed during the Q4 this year with significant gain. Unfortunately, we have yet to see it materialized. Finally, South Korea's Jeju project is currently in court case after failing to getting it fixed.
Lol..sometimes one wonders whose side are u from? Anyway all those things mentioned above has been accounted for as impairment losses in the previous quarters...now that BJLand's previous loses has been wiped clean and the latest quarter has shown significant improvement in profitability...just like a rainbow after the storm...we see gold at the end of this journey...any compensation due from Korea, China, Vietnam & Selangor Govt. is actually a bonus. Finally, as 40% owner of BJSports, BJLand has financially assisted BJCorp through the 4% dividend s received from BJSports instead of the other way round?
look at all the garbage stocks from VT e.g. bjassets, bjland, bjcorp, bjmedia, etc all below IPO price after so many years.... invest in other profitable and better stocks
Gangnam, I'm merely writing based on what I read from annually and quarterly reports. I am holding BJCorp and BJLand shares, and surely I would like to see their share prices perform. Unfortunately, VT has way too many mismanagement coupling with poor disclosure to the shareholders. I am still holding because I believe I am a long term investor and I'm not interested at posting fake news to entice buyers so I can sell to some others,
Lol.. it's good 2 note that u are long term investor...btw care 2 identify the fake news pls? what can be seen atm is that some syndicate are trying doubly hard 2 make people sell cheap by talking bad about the boss/share concerned..noticed this phenomenon with PriceWorth beginning of the year just before the share price tripled when they brought in a Rashid Hussain as a new substantial shareholder..
This counter did not pay dividend in last four years, share price also decreasing from RM1 in 2012 to 20sen now. In 2018 annual repport, the hotel segment overall occupancy rate and revenue increased compared to last year.
Lol.. Quote "Case in point is Berjaya Land Bhd (BLand). The hotel businesses under the group are clear and the market has a valuation for such assets that are uniform throughout the world.
Tan’s plan to float his hotel business on the Singapore Exchange will unlock the value of the properties owned by BLand.
The steady business of the hotel industry makes it an attractive proposition for investors who look at the business more favourably, given the dynamics of the industry."
bjlant biz is all making money the problem is the boss not willing to share to us if he give dividend bjland same price to bjtoto or 2 ringgit not 20sen lol
Gangnam, during the AGM last year, I raised the issue on whether BJLand will be able to collect the rest of payment from China disposal. I was told by VT's son pretty much like no issue getting the rest of the money back. During the AGM this year, I asked about the liquidity in BJLand and the huge premium BJCorp paid to acquire VT's stake, and I was told privatizing BJLand is not on table. Guess what, BJLand not receiving the batch of China disposal and VT's planning on privatizing BJLand now. The Vietnam disposal announcement saying 'significant gain' from disposal to be completed Q4 this year, guess what, nothing is announced. Only the news of disposing Kyoto Four Seasons is floated now.
Fake news is not from you per say, I'm merely pointing towards dishonesty from BJCorp and BJLand's management! You can cry wolves many times, just do not expect people to respond when after tiring of listening to crap.
ooh, whats more, recent VT's act is like slapping his minority shareholders on his face or his BOD slapping him. Right after VT disclosing his "big plan", the BOD is announcing that they are unaware of the "big plan" except for trying to sell Kyoto Four Seasons...
Agree with kahhoeng....What a shame to Misai man VT to talk in public without the support from the BOD. So how do we minority shareholders can trust his words.
Lol.. good try at damage control from the family/syndicate...anyway don't try too hard as playing ping pong can be costly if there are too many buyers at current low price..guess Uncle Tan jumped the gun...amitabha buddha...his see fu..must have mellowed him down?
VT called for special press conference when the market is almost closing and only be rebuked the next day by the BOD. Just hope that VT and BOD not to play little tricks to take advantage on minority shareholder. Corporate investors already ran away by miles. VT and BOD should know who's hand has been manipulating BJ stock prices all these years. Please don't blame the market to undervaluing BJ stocks.
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....
joetay10
115 posts
Posted by joetay10 > 2018-12-20 17:42 | Report Abuse
whats bjl's landbank like and is it net cash????
Posted by kahhoeng > Dec 20, 2018 05:38 PM | Report Abuse
bjcorp owns approximately 72% of bjland. To privatize BJLand, BJCorp needs to acquire approximately 1.4 billion shares. A per share offer of 0.60, 0.80 and 1.00 respectively, BJCorp will need to spend 840 million, 1.12 billion, and 1.4 billion respectively. It would be a stretch to BJCorp balance sheet if it were to acquire 7-11 as well.