based on this ratio, each bjland share =38/30 x 27sen per bjcorp share= 34.2sen
@ kahhoeng SC can, if they want to, make MGO compulsory with a minimum 0.38:0.30 exchange ratio after reviewing the Penta deal. Unfortunately though, I have reservation over SC independence. 23/04/2019 12:21 PM
probably the share swap 38/30 will be offered to the remaining shareholders, not involving cash... like bjcorp fell to 24.5sen n now back to 27sen already
just issue bjcorp shares to the remaining 15% shareholders is an easier alternative for privatization, not cash involved... maybe VT punya strategy, now u all ask for it
probably offer similar share swap at 38/30 to 45/30 to encourage the remaining shareholders to let go all their shares... not cash involved.... bjcorp share price can rebound speedily thereafter... like now... back to 27sen after falling to 24.5sen
i think , after privatising bjland and becoming a subsi of bjcorp, and spin off the hotel division in spore, the share price of bjcorp will go crazy also :)
this financial year, bjland will report good profit with another material gain on disposal in vietnam :)
On Net Assets, Gearing and Earnings The Proposed Disposal will not have any material effect on the net assets and gearing of the B-Land Group. However, the Proposed Disposal will result in an estimated gain of about RM192.33 million. 8.0 RISK FACTOR The Proposed Disposal is conditional upon the completion of the Deposit Agreement and Transfer Agreement as well as the approvals from the relevant Vietnamese government authorities’ being obtained within the stipulated timeframe. In the event the Amended ERC is not obtained within the stipulated timeframe, TPC Development will have to proceed with the Management Handover with only one Director remaining on the Board of TPC Village. In such event, TPC Development would already have received full repayment of the Inter-Co Loan and 76% of the Sale Consideration with the remaining 19% of the Sale Consideration to be paid upon actual issue of the Amended ERC. Barring unforeseen circumstances, the Amended ERC is expected to be obtained within the stipulated timeframe. In the event the Proposal Disposal is not completed for whatsoever reason, TPC Development will have to refund all monies received and unwind the Management Handover with TPC Village remaining a subsidiary of TPC Development. Nevertheless, the B-Land Group will take all reasonable steps to monitor the progress of the Proposed Disposal towards completion.
even share swap at the minimum 38/30, based on bjcorp share price today at 27sen, the gain per bjland share is about 12sen+.... current price is 22sen,....the gain is about 54%+.... haha it could be higher if the ratio is higher than 38/30 offered
Berjaya Land Bhd. engages in gaming and lottery management, motor retailing, hotels and resorts, recreation development, vacation timeshare, and property investment and development. It operates through the following segments: Toto Betting and Related Activities, Motor...
Lot 13-01A, Level 13 East Wing Kuala Lumpur Wilayah Perseketuan (Federal Territory) 55100 Malaysia Website Map
Employees 4,724
Sector Gambling Industries
Sales or Revenue 6.36 B
Industry Leisure/Arts/Hospitality
1Y Sales Change -0.16%
Fiscal Year Ends April 30 Download Reports
Kang Seng Pee CEO & Non-Independent Executive Director
Ee Coln Wong General Manager-Group Properties & Development
another disposal of shares by PEnta, 3%+ left will trigger mandatory offer to all shareholders.... public shareholdings is about 15% left :)
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
Bjtoto Market Cap: RM3.445 Billion...... Bjland holds 40.23%.............=RM1.385billion... I think, liquidate bjland is more profitable for shareholders or distribute bjtoto shares back to all shareholders, each bjland share gets about 70sen worth of bjtoto shares hahaha
I will urge the top mgmt to distribute these shares back to shareholders especially the education stocks in singapore.... semua judi ada kaitan dengan judi kecuali di singapore
Bjland owns the following listed companies:
Informatics Education Ltd Singapore - 27.09%; Berjaya Assets Bhd - 8.59%; Berjaya Sports Toto Bhd -40.23%; and Berjaya Philippines Inc. - 88.26%..
Bjland should distribute the shares back to shareholders haha
BCOR:PMPhilippines Berjaya Philippines IncCOMPANY INFO 2.35PHP-0.02-0.84% OPEN 2.33 PREV CLOSE 2.37 VOLUME 103,000 MARKET CAP 10.202B DAY RANGE 2.31-2.36 52 WEEK RANGE 1.36-12.82
Bjland owns Berjaya Philippines Inc. - 88.26%.. market cap =P10.20billion x 88.26%=P9billion= about RM720million hahaha each bjland get about 15sen worth of berjaya phils inc share if distributed back to shareholders haha
Nowadays, market price already squeezed to one direction, bid higher 0.5 cents higher toward lower price. As minority or small investors, you dares no or idiontly trust the value of the share. Most like gaming, especially VT counter.
whether BJCorp can privatize BJLand with 0.38:0.30 exchange ratio is one thing. It's another thing if the offer is made ONLY to certain party but not others when the shareholding spread is so low!
This is one of the rare opportunity to make money from TSVT's counter, NTA 82.0 sen, the GO price shall not be too far away from it. AND, it should be higher than 38.0 sen offer to PENTA too as PENTA is acting as collecting agent.
In order to collect it cheap, the operator pushed the price down from 28.0 to 21.5 just days ago, now it is on the way up to certain level, maybe 28.0 again, before announcing the GO.
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....
Good123
25,702 posts
Posted by Good123 > 2019-04-23 12:55 | Report Abuse
based on this ratio, each bjland share =38/30 x 27sen per bjcorp share= 34.2sen
@
kahhoeng SC can, if they want to, make MGO compulsory with a minimum 0.38:0.30 exchange ratio after reviewing the Penta deal. Unfortunately though, I have reservation over SC independence.
23/04/2019 12:21 PM