haha, no way run , trap again , no easy to earn the boss money not like dayang , AHMAD ZAKI RESOURCES they can keep going up if got good news , bjc is good results then drop , good news then drop when bad results no drop no easy to play bjc , surrender to Boss
Is investing community slapping VT on his face OR is VT slapping investing community? If its VT having the fun, Bursa and SC are offering a helping hand by keeping quiet and not putting any requirement over the BJLand to BJCorp share exchange...
leek, VT has to extend the offer to Penta to the rest of BJLand shareholders, whether we want it or not! And it is Bursa and SC duty to make sure all minorities are treated equally.
i don't care, VT has to make an offer to BJLand minorities a privatization deal that include an option of 0.38/0.30 exchange for BJCorp shares like what he had offered Penta! AND SOON!
First offer will likely be on exactly the same terms made to Penta including consideration being in shares of BJCorp. For every 30 ord shares of BJLand we sell to BJCorp, we shall be paid with 38 ord shares of BJCorp shares.
unless the offered price is at least 5% higher than 0.38/0.30 x BJCorp share price, BURSA and SC might as well fire all staff to save the cost of listing!
Last friday i saw my broker webapp price quote for BJland display 0.38 sen & volume about 240 millions. it vanished & refreshed back to normal after a while.
so is it really around the corner or just a premonition :-)
It would only cost VT to make a 12 sen dividend payout to all shareholders and he would be able to use his proceeds from the dividend to make an offer of 0.68 sen to the minorities shareholders in BJLand to take it private. It's a very cheap valuation but fair. Anything less without dividend payout is a raw deal to the minorities, cheers.
Kahhoeng might be yr cost is low,what about those cost above 0.38 holder,we as minor shareholder must unite.let the buyer offer the best price i belief there must be some guy whom close to the boss(guessing only)
Lim Ha, I insist on at least an alternative to convert BJLand shares to BJCorp shares at 0.38/0.30 because Penta is receiving that offer. So long our BJLand shares are exchange at premium to BJCorp and we hold on to our converted shares, we will have a chance to recover from our investment in BJLand when BJCorp is trading above 0.30. It's difficult to expect 0.60-0.80 offer price now. I kind of hope that a dividend of 0.10 is declared before an 0.38/0.30 exchange offer, with the special dividend an offer to us holding on while the exchanged shares offer a chance of profitability after BJCorp is able to recoup its Toto business in Vietnam and property investment in Jeju, China, and Sungai Besi..
Lol...must be Penta/agent as still holding 3% BJLand shares on behalf of Uncle Tan associates in order to get a better 5 days average prior to privatisation offer from Uncle Tan? Btw he just came back from a successful biz trip from Japan? Anyway at current price is a good deal after booking 10 sens cash per share from the RM500 million cash received from Vietnam property sales.
Lol...with 3% or less shares left... Penta no longer qualifies as a substantial shareholder under Bursa's 5% or more rule...so no need for disclosure anymore and quietly press/sells on Uncle Tan's behalf..correct us if wrong?
Base on VT's disclosure on 27-02-19 on share holding of Bj Land. His total share is still at 80.07%, have not included the 4.67% shares suppose to be received. Therefore, we can say as at last week, Penta still remain major s.holder >5%.
SC approved public shareholding spread of BJLAND to 15%.There is no privatisation in the near future! Again, the minority shareholders are kicked in the butt by VT! Hard luck!
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Posted by leek > 2019-02-25 15:22 | Report Abuse
VERY STRONG ACCUMULATION AT 0.27