KUALA LUMPUR (Reuters) - bjland (BJLAND, 4219, Main Board Consumers) achieved a net profit of RM118.47 million for the quarter ended April 30, saying goodbye to the net loss of RM92.14 million in the same quarter of the previous fiscal year. .
Bjland acquisitions were reported to the exchange, with turnover increasing by 3.41% year-on-year to RM1,651,901,000, compared with RM1,850, 502,700 in the same quarter last fiscal year.
Based on the bjland replacement fiscal year end date, from April to June, so this fiscal year has 14 months, this announcement is from the beginning of February to April earnings report.
The company said that the quarter's earnings performance was higher, thanks to a higher contribution (BJTOTO, 1562, main board consumer stocks) and higher profits from the sale of associates. However, the quarter was also the successful Grand Square for the arbitration process, which included an additional impairment of RM8 million.
From May 1 last year to April 30 this year, bjland acquisition achieved a net profit of RM18.52 million, which was better than the net loss of RM109,288,000 in the same period of last fiscal year; the turnover fell by 1.9% to 6.2 billion. RM40.65 million.
The Board of Directors expects that the 4D ticket business will continue to maintain market share. It is believed that the hotel and resort and industrial development business will perform satisfactorily in the last two months of this fiscal year.
skyu, 90% is the needed shares to "delist" not MGO, MGO is at far less than that. Think started at 33% called VGO, voluntary general offer, followed by 50% (not sure) MGO, mandatory general offer.
likely, to declare dividend this year after the 14-month results in Aug 2019... hopefully, short term traders can wait till aug 2019, dont set stop loss at 1%, 2% or 5% lah :)
hopefully, vt can live longer to bless all the shareholders... i think he is able to bless the shareholders... dont curse him and family anymore, ok? :)
would something like this happen sooner than later? :)
KUALA LUMPUR: A week after the voluntary takeover offer for Yee Lee Corp Bhd lapsed, the joint offerors are still unable to garner 90% shareholding in the company. There was additional acceptances of 1.63 million shares or a 0.85% stake, raising the shareholding of one of the offerors, Singapore-based Dymon Asia Private Equity (SE Asia) Fund II Ptd Ltd, to 60.39 million shares or 31.52%, according to a filing with Bursa Malaysia today. The other offeror is Yee Lee’s founder Datuk Lim A Heng @ Lim Kok Cheong and family, who hold a total stake of 58.41%. The two joint offerors' total shareholding now stands at 172.3 million shares or 89.93% — still short of 139,207 shares or 0.07% from the 90% threshold that was needed during the offer period to undertake a compulsory acquisition The closing date of the voluntary takeover offer, originally set for June 3, was extended twice to July 3. Under the circumstances, Yee Lee will remain listed on the Main Market of Bursa Malaysia. An option the joint offerors may consider is to continue mopping up shares on the open market to raise their shareholding to 90% and request for voluntary suspension of trading in the company’s shares from the stock exchange. Once trading is suspended, the chances of minority shareholders taking up the offer will be higher as most investors are not keen to hold non-traded shares. Still, those shares in hand now will only enable the joint offerors to suspend the trading of the shares but not undertake a compulsory acquisition to buy the remaining shares they do not own. “They (the offerors) may consider an exit offer later at [a] different price, which could be lower, higher or even the same price,” said a corporate finance adviser, noting that a fresh offer will not be backdated to the earlier offer. Additionally, it is understood that a six-month cooling period after the previous offer date is needed before the joint offerors could make another attempt to delist or take the company private. Shares in Yee Lee spiked to RM2.29 on April 29 — after the offerors first announced their plan to take Yee Lee private, from RM1.91 in the previous trading day. The stock has fallen from a near two-year high of RM2.33 on July 4 (a day after the closing date) to close at RM2.11 today. This brings its market capitalisation to RM404.3 million.
would any shareholders take legal action against vt due to bjland shares swap with bjcorp but not offered to minority shareholders except penta?
KUALA LUMPUR (July 10): Apex Equity Holdings Bhd is being sued by its shareholder, Pinerains Sdn Bhd, which holds a 4.17% stake in the company as at March 29. Pinerains is seeking a declaration that the resolution in respect of the proposed merger between JF Apex Securities Bhd and Mercury Securities Sdn Bhd as well as the private placement to be invalidated, after both resolutions were passed at the extraordinary general meeting held on June 19. As such, Pinerains has commenced a legal action at the KL High Court against Apex Equity and its directors, JF Apex, as well as Alliance Investment Bank Bhd, collectively called the defendants. Besides the declaration, Pinerains is also seeking damages, costs and other relief deemed just and fair by the Court, an exchange filing today showed. It has also filed an application for an interim injunction against the defendants to restrain the implementation of the proposed JF Apex-Mercury merger as well as the private placement pending determination of the matter at full trial. The injunction application is fixed for hearing on July 15. In response, Apex Equity said its solicitors are of the opinion that the legal action is “without merit” and that the company will be able to defend itself successfully. “The company will continue to take all necessary steps to ensure that the rights and interests of the company are protected,” it added.
seems like nobody interested to find out the mgo of this bjland.
few interesting points of this bjland, 1. volume pickup substantially since 7 months ago. it used to be trade at few k lots per day or none trade at all.
2. sudden sell off of 180 million asset and as net gain, no material effect on the share price at all.
3. bjland mainholder hold almost 85% stake.
4. the owner publicly announce to privatise bjland.
wow, dulu RM4+ per syer//// directors of bjland should be replaced entirely :)
Summary from 08/05/2009 to 25/06/2019 Highest Price 4.3800 First Occurred on 20/07/2010 Lowest Price 0.1950 First Occurred on 18/12/2018 Highest Volume 230.000m First Occurred on 28/02/2019
rm4+ dulu, kini, 18sen+.... worthwhile to privatize and relist later e.g. maxis, astro, leong hup, kfc.... why not?
Summary from 08/05/2009 to 25/06/2019 Highest Price 4.3800 First Occurred on 20/07/2010 Lowest Price 0.1950 First Occurred on 18/12/2018 Highest Volume 230.000m First Occurred on 28/02/2019
vt was very generous 8 years ago for privatization ...shareholders should be positive for bjland too.
Berjaya Retail to be privatised, Tan offers 65 sen per share
Saturday, 12 Mar 2011 12:00 AM MYT
PETALING JAYA: Seven months after its initial public offering (IPO), Berjaya Retail Bhd (BRetail) is now being privatised by its major shareholder Tan Sri Vincent Tan Chee Yioun through his vehicle Premier Merchandise Sdn Bhd. Tan is making a general offer for all the BRetail shares and irredeemable convertible preference shares (ICPS) he does not own for 65 sen in cash per share.
The offer price represents a significant premium of 22.5sen or 53% over BRetail’s last traded price on March 4. The premium is even higher for the ICPS, at 31.5 sen or 94%, which was last traded at 33.5 sen. Both BRetail’s shares and ICPS had been suspended from trading since Monday. It isn’t clear why Tan is buying back his company so quickly after listing it but the perceived undervaluation of the shares could be a factor. Premier Merchandise said in a statement that since BRetail’s listing on August 16 last year, its shares and ICPS had not performed well on Bursa and that it had been trading below the IPO price of 50 sen most of the time, “save for a number of occasions where the highest price traded for BRetail shares was 56.5 sen, whilst the highest price traded for BRetail ICPS was 51 sen on the date of listing”.
Premier Merchandise added that it was offering minority shareholders of BRetail “the opportunity to exit at an offer price significantly higher than the IPO price or the current market price of BRetail shares and ICPS.” “The offer price represents a significant upfront cash yield to the holders of BRetail and ICPS,” it said. The 5-day volume weighted average market price of BRetail shares up to March 4 was 41.2sen. Premier Merchandise said its equity interest in BRetail had increased from 26.62% to 58.71% of the enlarged issued and paid-up share capital of BRetail as a result of the conversion of its BRetail ICPS into new BRetail shares on March 2. In view of this, Premier Merchandise said it had a statutory obligation to undertake an unconditional mandatory take-over offer to acquire all the remaining BRetail shares and BRetail ICPS not already owned by it and parties acting in concert with it. It is extending the offer to the parties acting in concert. Premier Merchandise said Tan controlled 100% indirect equity interest in it, via HQZ Credit Sdn Bhd and therefore the “ultimate offeror” for the offer. Prior to the conversion of the BRetail ICPS by Premier Merchandise, Tan’s combined direct and indirect interest in BRetail was 73.62%. As at yesterday, his combined direct and indirect interests in BRetail was 85.16%. An investment banker said one could not rule out the possibility that Tan, post the privatisation of BRetail, may have other corporate exercises planned, such as adding more businesses to it or merging it with other companies for a possible listing overseas.
bjtoto and magnum if merged also good, games and locations more or less the same, a lot of synergies e.g. rental, staff cost, more games per location, etc
bjland should stop using money of the company to buy more related companies punya share... pay dividend like leong hup, etc , share price can be back to above rm1
minority shareholders must form a group to push for dividend policy during the coming agm and urge to replace all the incapable BODs like what fgv did recently.. fgv share price rebounded from 60sen to rm1.1 almost double...
new regulations should be made to deter listed companies from using company funds to buy related companies punya shares at the expense of minority shareholders.. MSWG should pioneer this effort, etc to uphold the interests of minority shareholders
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
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KUALA LUMPUR (Reuters) - bjland (BJLAND, 4219, Main Board Consumers) achieved a net profit of RM118.47 million for the quarter ended April 30, saying goodbye to the net loss of RM92.14 million in the same quarter of the previous fiscal year. .
Bjland acquisitions were reported to the exchange, with turnover increasing by 3.41% year-on-year to RM1,651,901,000, compared with RM1,850, 502,700 in the same quarter last fiscal year.
Based on the bjland replacement fiscal year end date, from April to June, so this fiscal year has 14 months, this announcement is from the beginning of February to April earnings report.
The company said that the quarter's earnings performance was higher, thanks to a higher contribution (BJTOTO, 1562, main board consumer stocks) and higher profits from the sale of associates. However, the quarter was also the successful Grand Square for the arbitration process, which included an additional impairment of RM8 million.
From May 1 last year to April 30 this year, bjland acquisition achieved a net profit of RM18.52 million, which was better than the net loss of RM109,288,000 in the same period of last fiscal year; the turnover fell by 1.9% to 6.2 billion. RM40.65 million.
The Board of Directors expects that the 4D ticket business will continue to maintain market share. It is believed that the hotel and resort and industrial development business will perform satisfactorily in the last two months of this fiscal year.