that photo Misai Tan look like older than his godfather. Maybe Misai recently too busy think of his big plan until no time rehat. Uncle Misai, relax la and dont stress yourself too much. You alone cannot eat too much, distribute some dishes for your small shareholders like us to enjoy together
Looks like VT going to raise funds soon for Godfather, so cannot afford to delay any longer his big plan for restructuring and to bring money home from overseas for BJGroup?
"Malam Sejuta Kenangan" Meanwhile, Dr Mahathir said every contribution made to political parties must go directly into the parties' accounts and there must be receipts.
good results with dividend, etc etc. share price will rock
Change in Financial Year End
BERJAYA LAND BERHAD Old financial year end30 Apr 2019New financial year end30 Jun 2019
Remarks :The Board of Directors of Berjaya Land Berhad had approved the change of financial year end of the Company from 30 April to 30 June so as to coincide with the new financial year end of its ultimate holding company, Berjaya Corporation Berhad. Thus, the next set of financial statements will be made up from 1 May 2018 to 30 June 2019 covering a period of 14 months. Thereafter, the financial year end of the Company shall end on 30 June for each subsequent financial year.
Announcement Info
Company NameBERJAYA LAND BERHADStock NameBJLANDDate Announced02 May 2019CategoryChange in Financial Year EndReference NumberCFY-29042019-00006
Looks like somebody's roadblock...mostly concentrated @20 sens...can anyone spare RM0.85M to "Break Thru"? or is it a signal for VT to start buying since need only 0.06% more to breach Bursa's free float requirements for privatisation?
IT IS IMPORTANT TO LEGALISE SPORT BETTING IN MALAYSIA... TOO MUCH TAX MONEY LOSS TO THE ILLEGAL BETTING... HOPE TUN WILL OPEN THE DOOR AGAIN VERY VERY SOON!!! =D
few hundred millions as retained earning but not distributed as dividends but used to buy bjassets, bjtoto, 7-11 punya shares and others. should return these shares to shareholders if no privatization
my apology, I have mentioned earlier that there's no quarter report for BJLand this month, but its wrong though. With BJFood announcing result today, I suppose BJLand will announce its result soon...
if the photo is a guide , I think VT is the largest financial supporter of TUN M's party. in other words ,VT probably has no money to privatize BJLAND.
Nothing ventured...nothing gained...guess how VT made his Billions with Godfather's help...now there's Bandar Malaysia, Sports Betting, another Casino licence, Selangor Turf Club, endless possibilities etc...etc..
KUALA LUMPUR: YTL Corp Bhdhas proposed to delist its property development arm via a share swap deal. Under the plan, YTL Corp has offered to acquire all remaining shares it did not own in YTL Land
KUALA LUMPUR (Jan 31): Berjaya Corp Bhd (BCorp) and its wholly-owned subsidiary Juara Sejati Sdn Bhd have entered into an agreement with Penta Master Fund Ltd, PCM Industrial LP and Penta Asia Long/Short Fund Ltd to acquire 4.61% of Berjaya Land Bhd (BLand) for RM87.4 million.
In a bourse filing yesterday, the group said the 230 million Berjaya Land shares will be acquired for a total purchase consideration of RM87.4 million or 38 sen per share, to be fully satisfied via the issuance of 291.3 million BCorp shares at an issue price of 30 sen apiece.
vt must wake up, growing and dying also have pain, better to grow than to die. look at ytl's success via privatization of subsidiaries, acquisition both local and overseas, etc.
VT is a useless timid fox , after getting 84% of bjland but not brave to offer for privatization yet unlike ytl's francis.
KUALA LUMPUR: YTL Cement’s shareholding in Lafarge Malaysia rose from 51% to 77% at the close of the acceptance period for the former’s mandatory offer (MO) for the remaining 49% stake, CIMB Equities Research said.
It said on Friday minority shareholders with a collective 26% shareholding in Lafarge accepted the RM3.75 a share offer price. The remaining 23% minority shareholders did not accept the MO. Lafarge will remain listed and would need to comply with Bursa Malaysia’s 25% minimum public spread requirement within the next three months.
The research house also said YTL Corp proposed to take YTL Land private via a share swap deal. It will acquire the remaining 34.7% stake in YTL Land at 36 sen a YTL Land share via the issuance of new YTL Corp shares pegged to a swap price of RM1.14/share (FY6/18 P/E of 33.1 times).
“The offer is at a 62% discount to YTL Land’s FY6/18 book value (BV) or 0.38 times price/BV. This deal will see YTL Corp issuing 91 million new shares at a swap ratio of 0.32. It will also acquire the remaining ICULS in YTL Land,” it said.
“In the medium term, we expect the acquisition of Lafarge to remain earnings dilutive for YTL given Lafarge recorded losses in 1Q19, in view of the still-weak cement demand and pending the potential benefits/operational synergies from the consolidation with YTL Cement.
“We maintain our longer-term positive view on the takeover, as the combined estimated c.60% market share could enhance pricing power, in addition to Lafarge’s revived contract with the East Coast Rail Line (ECRL).
“With YTL Land deal likely to be completed in 4Q19F, we retain our FY19-21F EPS,” it said.
As for the YTL Land share swap deal, it would enable minority shareholders to switch to YTL Corp shares with better liquidity and more profitable/diversified exposure.
“As at 9MFY6/19, YTL Land reported a net loss of RM56mil compared to RM5.8mil net profit in 9MFY6/18 mainly due to weak property sales underpinned by the challenging market conditions domestically and in Singapore.
“Retain TP of RM1.13 (30% discount to RNAV) and Hold call. Indicatively, imputing the surplus market value of Lafarge, given the 16% increase in its share price since the takeover offer (fuelled yesterday by talks of a potential increase in net selling prices which are currently below RM200/tonne on average) would raise our TP by four sen.
“Upside risks are a recovery in cement prices despite the still subdued industry demand outlook over the next 12 months, and faster turnaround for Lafarge. Downside risk is wider losses,” it said.
similar offer to penta at least. bjland is the controlling shareholder of bjtoto with shareholdings in 7-11, bjassets, Philippine and UK listed companies, etc. retained earnings pula few hundred millions, also a diversified conglomerate like bjcorp.
Ytl privatized ytlland at 0.36 times of book value. if we're use it to bjland, 82sen × 0.36 = 29.5sen but bjland is a diversified conglomerate, so, a higher times should be used. maybe, same offer to penta in Jan 2019. so, people can't complain, period.
recent share swap with penta in Jan 2019, 1 bjland share = ~1.27 bjcorp shares, bjcorp is 26sen now × 1.27= 33sen only per bjland share using bjcorp shares to acquire bjland.
Something is definitely Brewing, better book Ur tickets at current price be4 sold out!...since Godfather is raising funds, VT as financier needs cash... that's why the change of heart to release the latest Qtr's results on schedule rather than postpone to end August with change of accounting date...the coming Qtr. results next week? will indicate profit from sale of Vietnam assets boosting BJGroup's share price? Maybe VT might throw in some dividend for himself & minority shareholders?
vt and francis are very different. francis is a Christian and doesn't do gambling biz. vt isn't a Christian and do gambling biz. also francis is a UK university graduate haha
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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....
Sebastian Sted Power
3,429 posts
Posted by Sebastian Sted Power > 2019-06-13 08:40 | Report Abuse
you all dont kacau Misai Tan. He very busy carry his godfather's ball now
https://www.nst.com.my/news/nation/2019/06/495850/dr-m-13-out-52-let-serve-lesson-us-all