BJ Assets-To be Taken Private or conversion to a REIT or....

Going REIT?

BJ Assets just reported to Bursa KL that they have not met the public spread requirements.

They will, however, seek the the exemption from of Bursa for this requirement.

Now, just like BJFoods, most of Berjaya counters do not have as wide a spread for more animated trading.

So, what can we expect from this?

Landmark for Privatisation or REIT?

Vincent Tan has just bought another big chunk of BJ Assets. That means more shares are taken out from retail trading.

So, what are the possible scenarios to expect for BJ Assets?


First scenario-take BJ Assets private-possible but unlikely.


Second scenario- create a BJ Assets REIT leaving BJ Assets as a pure gaming play-Very likely.


The highest price achieved was RM1.04 on 12 July with high volume with the lowest at 78 sen traded in May-June period.


A fair price for entry would be in the lows of 80 sen.


So, let us watch this counter. It is now trading at 92 sen.