With the completed Vietnam hotel, Bjland, excluding bjtoto's net debt, is only left with 1.1 billion net debt... unfortunately, market has so little faith in VT that share price will not respond.
So, basically, Penta buy 'quick quick' BJLand from 'someone' only to exchange it at a much higher ratio (0.38/0.30) in exchange for BJCorp shares that it then 'quick quick' sold to someone else. Bursa is allowing it and SC is keeping eyes closed?!? Nobody investigate who's those someone and their relation?
Name PENTA INVESTMENT ADVISERS LTD Address Craigmuir Chambers Road Town Tortola BVI Virgin Islands, British. Company No. 275975 Nationality/Country of incorporation Virgin Islands, British Descriptions (Class) Ordinary Shares
Date of cessation 08 Mar 2019 Name & address of registered holder Penta Asia Long/Short Fund Ltd, Craigmuir Chambers, Road Town Tortola, BVI - Disposed 52,257,385 shares
Actually, the victim is bjcorp due to issue extra shares to buy with purpose. But I think SC or bursa accept it with something brewing soon.That's also means no privatisation. Otherwise, Bjcorp board already break rules.
Alas, think rules already broken, whether SC and Bursa approve them or not. Rules is not something like you can massage behind or believing something brewing soon. Minorities are definitely screwed by VT and/or penta+whoever.
Yesterday Penta was surrender back those Bj Corp shares to UBS who pass their Bj Land shares to Penta for them to deal with Bj Corp, with ratio of 1.26 times. UBS just receive back their portion of shares from their agent who deal with Bj Corp. There in't any out market buy/sell deal on this 50 million shares.
Pls refer to Penta transaction UBS on Bj Land shares prior to the deal with Bj Corp. After they swap shares with Bj Corp, all parties just get back their shares.
OceanSky, are you referring to the following two news? The second refer to UBS? Why the need for Penta to act on behalf of them? Why can't they deal directly with them? Wonder...
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.
No Date of change No of securities Type of Transaction Nature of Interest 1 23 Jan 2019 45,415,369 Acquired Direct Interest Name of registered holder PENTA MASTER FUND LTD Address of registered holder Craigmuir Chambers, Road Town Tortola, BVI
Lol...makes us wonder too? Something must be brewing? Here's a snapshot as of 5 March 2019 of major foreign shareholdings before Penta's market actions...
its difficult not to wonder... VT said one thing, and the opposite can happen. Take for an example, VT mentioned about taking private BJLand and 7-11 end of last year in public only to be refuted by his board of directors. VT mentioned about selling Kyoto Four Season ended up with signing Okinawa Four Season. Penta bought(?) over 7% of BJLand only to convert less than 5% that's later sold(?) to UBS after exchanged into BJCorp shares.
The other indication is bjland open market daily volume. That said daily volume traded accumulated for a month exceed 5% or less 5 % with no price fluctuation,is it a clue ?
Lol...BJR a subsidiary of BJLand instituted the lawsuit in 2015 to claim compensation against JDC.
The lawsuit against JDC is ongoing and the group’s Korean lawyers have opined that BJR has a good chance of success in its lawsuit against JDC. The group is confident that it will prevail in its lawsuit against JDC and succeed in recovering the claimed compensation of US$350 million or RM1.4 Billion! after getting the attention of South Korea President & Lou Ma...
Lol... coincidentally RM1.4 billion is the current market capitalisation of BJLand, with RM500 million cash already received from Vietnam property sales, the RM1.4 billion compensation from Jeju Korea and another RM1.6 billion from Kyoto Four Seasons sale..that makes a few billions cash receivable for BJLand...no wonder Uncle Tan wants to privatise?
Bjfood and bjauto results so good How about bjland Will vt left this behind or will vt bring good result into bjland also. Vt must know bjland really need a good result to push it back to 90sen. All the best Will know later
someone dumped more than 10 mils bjcorp at 0.265 in one go on 13 march .this was obviously penta or other foreign investers' doing. the share swap helped the foreign investors unload huge amount of shares without crashing bjland share price.it also signals no privatization in the foreseeable future.
I thought bjland will trade between 0.35-.42 to reflect the 0.37/.3 exchange offer. With bjland now at 0.285, real worry VT not offering much to us minorities... almost want to email the management, but too upset to write one, sigh!
Lol...the last Penta deal was based on average of 0.255 to arrive at 0.38/0.3 conversion ratio...since the current average is 0.285... the next offer from Uncle Tan will definitely be higher to entice minority to convert...huat ahhh "6666"...just wondering why Uncle Tan still haven't come back from China after visiting Tokyo over the weekend...finalizing something like the GMOC abitration case? for even more cash flow of another half billion??? to announce some goods news on Founder's Day on March 28?
Once announcement on buy back all shares at 0.38, its price will go up to 0.38 or more. Fist offer will fail. Once offer high high then offer will success. NO WORRY, kahhoeng.
at current price, investors should dump bjcorp and change to bjland :)
Shareholding Changes
Date of change
Shares
Director/ Substantial Shareholder
05 Mar 2019 Disposed 230,000,000 PENTA INVESTMENT ADVISERS LTD 05 Mar 2019 Acquired 230,000,000 TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 05 Mar 2019 Acquired 230,000,000 BERJAYA CORPORATION BERHAD 05 Mar 2019 Acquired 230,000,000 BERJAYA GROUP BERHAD 05 Mar 2019 Acquired 230,000,000 JUARA SEJATI SDN BHD 23 Jan 2019 Acquired 45,415,369 PENTA INVESTMENT ADVISERS LTD 18 Jan 2019 Acquired 101,584,632 PENTA INVESTMENT ADVISERS LTD 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 TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN
arbitrage profit to change from bjcorp to bjland now?... almost the same price :)
@kahhoeng I thought bjland will trade between 0.35-.42 to reflect the 0.37/.3 exchange offer. With bjland now at 0.285, real worry VT not offering much to us minorities... almost want to email the management, but too upset to write one, sigh!
BERJAYA CORPORATION BERHAD 05-Mar-2019 Acquired 230,000,000 0.000 View Detail BERJAYA GROUP BERHAD 05-Mar-2019 Acquired 230,000,000 0.000 View Detail JUARA SEJATI SDN BHD 05-Mar-2019 Acquired 230,000,000 0.000 View Detail PENTA INVESTMENT ADVISERS LTD 05-Mar-2019 Notice of Person Ceasing 230,000,000 0.000 View Detail TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 05-Mar-2019 Acquired 230,000,000 0.000 View Detail PENTA INVESTMENT ADVISERS LTD 23-Jan-2019 Acquired 45,415,369 0.000 View Detail PENTA INVESTMENT ADVISERS LTD 18-Jan-2019 Notice of Interest 101,584,632 0.000 View Detail TAN SRI DATO SERI VINCENT TAN CHEE YIOUN 28-Aug-2018 Acquired 2,000,000 0.000 View Detail TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 21-Aug-2018 Acquired 2,000,000 0.000 View Detail TAN SRI DATO SERI VINCENT TAN CHEE YIOUN 20-Aug-2018 Acquired 10,000,000 0.000 View Detail TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 26-Jun-2018 Acquired 60,000 0.000 View Detail TAN SRI DATO SERI VINCENT TAN CHEE YIOUN 22-Jun-2018 Acquired 13,000 0.000 View Detail TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 12-Jun-2018 Acquired 2,000 0.000 View Detail TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 07-Jun-2018 Acquired 220,000 0.000 View Detail TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 05-Jun-2018 Acquired 3,000 0.000 View Detail TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 04-Jun-2018 Acquired 25,000 0.000 View Detail TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 01-Jun-2018 Acquired 140,000 0.000 View Detail TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 31-May-2018 Acquired 200,000 0.000 View Detail TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 31-May-2018 Acquired 20,000 0.000 View Detail TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 30-May-2018 Acquired 2,000,000 0.000 View Detail TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 07-May-2018 Acquired 600,000 0.000 View Detail BERJAYA CORPORATION BERHAD 04-May-2018 Acquired 1,221,600 0.000 View Detail BERJAYA GROUP BERHAD 04-May-2018 Acquired 1,221,600 0.000 View Detail TAN SRI DATO’ SERI VINCENT TAN CHEE YIOUN 04-May-2018 Acquired 1,221,600 0.000 View Detail BERJAYA CORPORATION BERHAD 03-May-2018 Acquired 3,000,000 0.000
I got mentioned b4 . Wonder will bj left bjland behind after every bj counter announced good results . So I chg ny portion to bjfood .I still remember got other people ask me careful because bjfood got KR . Now I proved I am right buy bjfood at lowest instead of keep buying bjland. As I predict when everyone look good at bjland the Boss suddenly give us a bomb. This vt money is not easy to earn . Bomb here bomb there forever never end con . Con is still con . Just remembered I said bj got many counters . He cannot keep con for all counters still.got bjfood bjauto we can make profit . But I only bet on bjfood and bjland . Bjland I loss money but bjfood cover my ass . Let us get a chance to K.O the con man
It's difficult to expect bjland showing profit when it's biggest contributor is bjtoto and yet it's having an additional 1.6 billion debt. Until bjland collects billion from asset disposal or through court ruling, there's nothing much to see. Given completion of Vietnam hotel disposal, next quarter shall be better.
Lol...actually based on for the Review of Results For the 9-month Period ended 31/01/2019 indicated the profit before tax actually improved by 193%! compared to the corresponding 9 month ended 31/01/2018. Also with completion of the Vietnam hotel disposal for the next quarter, BJland will have another estimated gain of about RM192.33 million...
Subsequently, on 1 March 2019, the Company announced that all the conditions precedent under the Proposed TPC Village Disposal have been fulfilled and is now unconditional. Accordingly, the Proposed TPC Village Disposal has now been completed. A total of VND2,619.57 billion (about RM467.64 million or about USD112.33 million) in cash amounting to about 90% of the Sale Consideration and Inter-Co Loan, totaling VND2,915 billion (about RM520.38 million or about USD125 million) ("Total Payment Receivables") has been received by TPC Development. Another VND233.20 billion(about RM41.63 million or about USD10.00 million) of the Total Payment Receivables (currently in escrow), will be received on or before 3 May 2019, while the balance of the VND62.23 billion (about RM11.11 million or about USD2.67 million) (which is also in escrow), will be received upon the receipt of the amended Investment Certificate to be issued by the Vietnamese authority.
BJLAND has advanced to re-test the EMA9 level with rising volumes. The MACD Histogram has turned green, while the RSI is re-testing 50. Monitor for a trendline breakout above RM0.275, targeting the RM0.30-RM0.32 levels. Support will be pegged around the RM0.255 level.
In addition, the Board of Directors of BLand wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has approved BLand’s application for acceptance of a lower Public Spread of 15% in compliance with Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Securities (“Approved Public Spread”).
Pursuant to the Approved Public Spread, BLand is required to notify Bursa Securities immediately, if in conjunction with the preparation of its semi-annual returns and/or when it becomes aware of the following:-
any decrease in issued share capital of BLand; and any decrease in the percentage of Public Spread below 15%. Based on the above, BLand has complied with the Approved Public Spread.
Goreng up also possible...while $$ from Vietnam not declare in this Q, good opportunity to whack all "Panic" or "Cheap" remaining share from open market to path way for privatization.
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....
kahhoeng
3,948 posts
Posted by kahhoeng > 2019-03-11 14:41 | Report Abuse
With the completed Vietnam hotel, Bjland, excluding bjtoto's net debt, is only left with 1.1 billion net debt... unfortunately, market has so little faith in VT that share price will not respond.