Privatise is long journey, more than a year. Seem too hard and progressless. Announced when the flow of timetable,maybe will benefits the shares price officially.
Name PENTA INVESTMENT ADVISERS LTD Nationality/Country of incorporation Virgin Islands, British Descriptions (Class) Ordinary Shares
Name & address of registered holder (1) Penta Master Fund Ltd, Craigmuir Chambers, Road Town Tortola, BVI - acquired 84,584,632 shares (2) Penta Asia Long/Short Fund Ltd, Craigmuir Chambers, Road Town Tortola, BVI - acquired 17,000,000 shares
Date interest acquired & no of securities acquired
Date interest acquired 18 Jan 2019 No of securities 101,584,632 Circumstances by reason of which Securities Holder has interest Direct Business Transactions from Macquarie Bank Limited Hong Kong Branch. Penta Investment Advisers Ltd is adviser to the fund.
Now, the issue arise, why sudden appears cheap & sufficient volume to buyer when all thinking many investors been caught or l9% leftover? There's also some indication or efforts to maintain listing besides VT distractions.
Not sure if those shares were bought from VT and related companies. If not, liquidity is further squeezed. With less than 900 million shares left to grab if VT's 80+% is considered out of touch, that's not even RM 270 million currently.
If its VT and related companies disposing those shares, there would be an announcement. Given size of acquisition, it's strange there's no news about seller. The stake is more than 5%.
Lol...John V. Pridjian is currently an independent director of BJLand, coincidentally he's the CFO of Penta Investment Advisors the fund manager based in Hong Kong who acquired the current lot of BJLand shares on behalf of Macquarie Bank from the open market...very sure they have insider's news on BJLand that we don't have...Anyway if professional foreign funds think BJLand already cheap...why dispute it?
Lol... don't forget about the cash from Vietnam & Kyoto Property sales coming soon to fund Uncle Tan's restructuring/privatisation exercise. Opportunity just don't wait for procastrinators...
Okinawa four season is at least a 3 years project and BJLand is receiving almost 100 million dividend from BJToto every year. BJLand debt is mainly a result of halted, failed or awaiting court order projects in China, Jeju Island, and Sungai Besi. With the proceed from Vietnam and Kyto sale, BJLand will be basically debt free even with a 0.10 special dividend. Question is, does VT mean what he said? That's a bigger issue, investors have little trust in him.
Lol..history will repeat itself with Berjaya Group's Okinawa Project to be funded by long term cheap Japanese loan just like previously done with the successful Kyoto development...the cash & profit from Vietnam & Kyoto Project will be used for Uncle Tan's restructuring plans which is for the immediate term...anyway with Pahang as Agong...with friends in Federal & State Govt. Berjaya Tioman will get the airport extension Uncle Tan has always wanted...
Lol...the problem is not retailers who are selling it's somebody else...now that 5% has been acquired by Penta from the seller..there's less shares for sale in the market... given the limited shares available for sale at Bursa...according to demand & supply situation, price will move up with Uncle Tan's restructuring plan.
Lol... Basically the big transaction of 5% by Penta has reduced further the no of shares available for sale atm at Bursa..if u have observed that no of shares on the sell queue over a period of a few months... u will know what we meant...
当你已经跌入谷底时,唯一的出路就是上涨.
Anyway, if anyone still wants to sell cheap.. very sure many others will want to buy..since there're not much shares left in the "open market" after Penta Investment Advisers recent 5% acquisitions :)
Someone don't really want ended the acquisition of bjland, so that you can guess..If bjcorp can offer the remaining share with bjcorp share, since the price almost same.Why not! Together we march,, if mother march forward, all get benefits.
VT sold 14% bjland at 70cents + iculs + warrants to bjcorp compare now , someone is bully the remaining 19% shareholders at below 25cents. This is the experience everyone can't forget.
careful, not easy to win them , they have hundreds billions we have 2% only we sure loss just give up lol this world is rich become super rich sadddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd
Fainted, its actually Penta selling to BJCorp for 0.70 per share the last round, shares + ICULS + cash deal. Is Penta related to VT and if SC is aware of this at all?!?
No of securities disposed 299,363,000 Price Transacted ($$) 0.700 Circumstances by reason of which Securities Holder has interest Beneficial interest - Cessation as a substantial shareholder following the completion of the disposal of shares pursuant to a conditional Share Sale Agreement dated 2.12.2015 entered into between Penta Investment Advisers Ltd, Juara Sejati Sdn Bhd and Berjaya Corporation Berhad
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....
Maggie Tang
1 posts
Posted by Maggie Tang > 2019-01-22 14:46 | Report Abuse
ong lai ong lai !