WITHOUT DIRECT RELATIONSHIP OF BOTH PARTIES (PENTA & VT) , VERY HARD TO COMPLAIN TO BURSA AND SC... WELL, SC MAY ISSUE QUERY TO VT TO EXPLAIN BUT IT WILL ONLY AFFECT THE SMALL SHAREHOLDERS... BECAUSE SHARE PRICE WILL DROP...
PENTA WILL RESURFACE TO BE SUBSTANTIAL SHAREHOLDER ONCE THEY COLLECT OVER 5% WHICH IS NOT TOO FAR FROM WHAT THEY ALREADY HAVE... WHICH WILL SIGNAL PRIVATISATION NEWS WILL BE OUT VERY SOON...
MEANWHILE... SMALL SHAREHOLDERS HAVE TO ENDURE THE PSYCHOLOGY GAME PENTA PLAY TO PRESS DOWN THE SHARE PRICE TO COLLECT THE SHARES FROM THE WEAK SHAREHOLDERS....
1. BURSA and SC could have required BJCorp making the offer to the rest of shareholders given spread in the first place. Allowing BJCorp to delay the process benefits those manipulating the share price, if any, but not the minorities.
2. There is no telling Penta is collecting BJLand shares in the open market. If yes, it would be a shame. If no, those buying for quick bucks awaiting BJCorp to make a mandatory offer will only suffer.
The latest event shows two things. 1. BURSA and SC have not acted fairly. 2. VT is still the old VT.
Lol... actually since Uncle Tan technically already controls 88% of BJLand shares he can make his move anytime...so just be patience to reap the benefits just like Penta... practically there already not much shares in the market apart from Penta's 3% block unless BJCorp wants BJLand to go the shariah compliant route and release 10% of its holdings to ease the liquidity issue and also to boost it's own shares...end of April will be expiry of it's warrant and implementation of T+2 to less on short selling and BJGroup's shares will pickup?
Lol...coming from the majority is reverse psychology...anyway with the extraordinary gain from Vietnam property sales to be recognised in the coming quarter BJLand should show better profits than BJCorp...only thing is Penta's making BJCorp shares higher than BJLand to bait buyers?
kahhoeng, bursa announcements show that VT bjcorp stakeholders between Feb to April 15 decrease 2%, is it accountable ? At the same time, bjasset declares 0.85% increase bjcorp stakeholders.
eddysurge, not sure what you are referring to. Earlier, before the purchase from Penta, BJCorp has disposed some BJLand shares. My guess, it is due to VT's total holding of BJLand exceeded 80% threshold. When BJCorp purchased from Penta, I thought an offer will be made right after then. Unfortunately, it is not, which is part of the reason why I'm so pissed off. It is not a matter of an offer price is able to satisfy the rest of minorities, its a matter of fairness.
1290---- said BJLand Nine-month net profit is 137 million. It is actually incorrect. BJLand doesn't own 100% of BJToto, thus, after taking out others' interest in BJToto, BJLand net profit for 9 months is only a miserable 1 million. The result is suggesting a poor other BJLand divisions mainly consisted of hotels, property development and investment.
kahhoeng, I referred to klse screener under bjcorp all announcements dated 25 Feb 2019 & compared with 05Apr 2019. I understand you're concerned about fairness if there is going to be privatisation. Coming back to price, since almost 88% or like what gangnam told 10% release by Bjcorp, we can only watch drama.
kahhoeng, after you provide me the ownership of bjland structure. It simple & helpful. I a bit greedy to ask for Bjcorp as well, if you can spare time, anytime!
Direct (units) 1,125,499,929 Direct (%) 21.791 Indirect/deemed interest (units) 1,333,543,664 Indirect/deemed interest (%) 25.819 Date of notice 04/04/2019 Date notice received by Listed Issuer 05/04/2019
Remarks : A) Total deemed interest held pursuant to Section 8 of the Companies Act 2016:-
Deemed Interest No. of Shares ------------------------------ -------------------------- Ascot Sports Sdn Bhd 154,500 Auto Tulin Sdn Bhd 1,604,271 B & B Enterprise Sdn Bhd 49,387,147 HQZ Credit Sdn Bhd 22,752,069 Lengkap Bahagia Sdn Bhd 1,372 Nautilus Corporation Sdn Bhd 139,874 Hotel Resort Enterprise Sdn Bhd 644,952,622 Nostalgia Kiara Sdn Bhd 14,495,189 Desiran Unggul Sdn Bhd 979,713 Berjaya Assets Berhad 1,502,152 Berjaya Bright Sdn Bhd 228,000,000 Berjaya Times Square Sdn Bhd 106,200,000 Premier Merchandise Sdn Bhd 100,218,845 Superior Structure Sdn Bhd 36,153,000 Gemtech (M) Sdn Bhd 39,850,000 Berjaya Media Berhad 1,030,000 Berjaya Infrastructure Sdn Bhd 18,025,000 Berjaya Sompo Insurance Berhad 20,703,000 Lim Kim Hai Sales & Services Sdn Bhd 3,090,000 MOL.Com Sdn Bhd 11,000,000 U Telemedia Sdn Bhd 24,700,000 ---------------------- 1,324,938,754 B) Indirect interest held through children 8,604,910 ------------------------ 1,333,543,664
Nature of interest Direct Interest Direct (units) 1,125,499,929 Direct (%) 23.094 Indirect/deemed interest (units) 1,230,123,218 Indirect/deemed interest (%) 25.241 Total no of securities after change 2,355,623,147 Date of notice 19 Feb 2019 Date notice received by Listed Issuer 19 Feb 2019
Remarks : Deemed Interest No. of Shares ------------------------------ -------------------------- Ascot Sports Sdn Bhd 154,500 Auto Tulin Sdn Bhd 1,604,271 B & B Enterprise Sdn Bhd 49,387,147 HQZ Credit Sdn Bhd 22,752,069 Lengkap Bahagia Sdn Bhd 1,372 Nautilus Corporation Sdn Bhd 139,874 Hotel Resort Enterprise Sdn Bhd 644,952,622 Nostalgia Kiara Sdn Bhd 14,495,189 Desiran Unggul Sdn Bhd 979,713 Berjaya Assets Berhad 1,502,152 Berjaya Bright Sdn Bhd 215,500,000 Berjaya Times Square Sdn Bhd 23,884,464 Premier Merchandise Sdn Bhd 100,218,845 Superior Structure Sdn Bhd 36,153,000 Gemtech (M) Sdn Bhd 39,850,000 Berjaya Media Berhad 1,030,000 Berjaya Infrastructure Sdn Bhd 18,025,000 Berjaya Sompo Insurance Berhad 20,703,000 Lim Kim Hai Sales & Services Sdn Bhd 3,090,000 MOL.Com Sdn Bhd 11,000,000 U Telemedia Sdn Bhd 24,700,000 ---------------------- 1,230,123,218
I traced back to Jan 19. Percentage-wise, VT's ownership was 48% despite number of shares is 100 million less. With VT accumulating more lately, his ownership in percentage is roughly the same. Penta's conversion added some 200 million shares in the market.
Lol...why sell in the absence of any news? when Penta can convert to BJCorp at the ratio of 38/30...also Uncle Tan has been quiet recently and didn't join his family on holiday in UK & Phuket....working hard on sale of Kyoto Four Seasons or busy planning BJGroup's restructure?
There's a possibility one fund want to sell. Penta, together with bjcorp, is facilitating that service. Why else not converting all, only enough not to appear as shareholders holding more than 5%? Converting all require bjcorp to make offer to the rest of bjland shareholders. Not converting, every time penta is selling requires announcement... again, my guess after seeing the correction... 事后诸葛亮
Lol...why sell in the absence of any news? Also big funds has their own analysts who knows BJLand is more profitable than BJCorp in view of the extraordinary gains to be recognised in the coming qtr. from Vietnam property disposal....Uncle Tan maybe using...所有的战争都是基于欺骗孙子
Lol...total buyers volume are 77,907 vs sellers volume 10,856 atm...looks like more buyers than sellers today? so don't miss the boat should Uncle Tan suddenly breaks his silence and announce some goods news?
Lol..that was before the latest path was announced later..anyway can't deny the fact it still benefits BJLand projects at Berjaya Hills, Bukit Tinggi, as near the next station in Mentakab, Berjaya Tioman & Berjaya Redang as ECRL provides another means from affluent Klang Valley to BJLand's properties...
LEEK NO SELL BJLAND... MY HOLDING COST NOT HIGH AND THIS IS A SURE WIN COUNTER...
I HAVE BEEN SAYING FROM 0.27 PINTA MIGHT SELL DOWN TO LOWER PRICE TO SHAKE OFF THE WEAK HOLDERS... IT MIGHT GO ALL THE WAY DOWN TO 0.20 OR LOWER...
CANTONESE PROVERBS SAYS "BIG ROCK PRESS ON CRABS"... =(
MANY BJLAND SHAREHOLDERS SOLD ON FRIDAY BECAUSE IT IS ECRL PLAY TIME... ALL SWITCH TO INFRASTRUCTURE AND BUILDING COUNTER....
SADLY BJLAND NOT BENEFIT MUCH FROM ECRL BUT VT'S PREVIOUS HOLDING T7GLOBAL IS GOLD... OTHER COMPANIES HAVE CHINA LINK E.G. JAKS, VIVOCOM ARE POTENTIAL WINNERS TOO...
Frankly speaking yesterday Bjland trade is obviously their in house game. One side put on sell call of 24.5 for few hundred lots, the buyer side will take the sales call immediately; afterward another few hundred lots plot out again for sales. Again, the selling and buying strength is almost equal and volume done in one day is 11 million. However, this observation could not led us to the full story of when they will take action on Bjland and Bjcorp.
Actually, the condition is vaguely written if I were not wrong. An 'or' condition is the trading volume. If the trading volume is satisfactory when the spread is low, bursa may accept the listing status...
Lol...so the right-hand to left-hand sale/purchase is just to maintain the trading volume to satisfy SC? It's time to do more "sniping" when the price is right!
with VT 'announcing' Kyoto Four Season sale that went silent and ended up with Okinawa Four Season project, its difficult to believe there's any serious investor interested in this company anymore...
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Manufacturer of fortified F&B and dietary supplements, OB Holdings Berhad aims to list on the Ace Market!
MQ Trader 756 views | 5 d ago
0:17
New IPO: Precision engineering components manufacturer, Northeast Group Berhad aims to list on the Ace Market!
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....
leek
3,617 posts
Posted by leek > 2019-04-10 06:39 | Report Abuse
WITHOUT DIRECT RELATIONSHIP OF BOTH PARTIES (PENTA & VT) , VERY HARD TO COMPLAIN TO BURSA AND SC... WELL, SC MAY ISSUE QUERY TO VT TO EXPLAIN BUT IT WILL ONLY AFFECT THE SMALL SHAREHOLDERS... BECAUSE SHARE PRICE WILL DROP...
PENTA WILL RESURFACE TO BE SUBSTANTIAL SHAREHOLDER ONCE THEY COLLECT OVER 5% WHICH IS NOT TOO FAR FROM WHAT THEY ALREADY HAVE... WHICH WILL SIGNAL PRIVATISATION NEWS WILL BE OUT VERY SOON...
MEANWHILE... SMALL SHAREHOLDERS HAVE TO ENDURE THE PSYCHOLOGY GAME PENTA PLAY TO PRESS DOWN THE SHARE PRICE TO COLLECT THE SHARES FROM THE WEAK SHAREHOLDERS....