BJF-You Can Do No Magic

Starbucks may make big bucks. Not today;not on Bursa Kl.

Evolution for Profits?

The official  inclusion to its RM4.5 million net profit to the bottom line  of BJF caused nary a stare or even a blink in terms of prices.

Right not, BJF is languishing at 95 sen while the OR, traded up to 65 sen on the opening minutes, is back to 63.5, its overnight price.

Granted, these is little free-spread in BJF as Vincent and his cohorts have bought almost all available shares from weak-holders and are keeping them in their stables to earn profits.

Next Tuesday (24 July) , OR goes ex and so it is to Berjaya Times Square with your drafts and OR letters.

Please remember the RM10 revenue stamp,won't you?

PS:  BJF closed down 2.5 sen to 93.5 sen while BJF OR closed up 2.5 sen to 66 sen.

BJFoods-Will It Go Up?

Starbucks is In!

Today, it was announced that Starbucks has been formally taken over by BJFoods.

Will that push the price up or is it a given that only attract little interest?

There was some slight interest in BJF at the end of day with the share moving up 1.5 sen to 96 sen.

The OR traded up 2.5 sen to 63.5 sen.

Tomorrow is Friday and so there will be see-saw trading.

I do not expect much demand for BJF tomorrow.

Monday will be the last day for trading of the OR.

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.