Hai-O has been good to me. This stock is becoming my baby.

KUALA LUMPUR: Berjaya Corp Bhd has proposed a corporate exercise involving the injection of two units - Singer(M) Sdn Bhd and 7-Eleven  Malaysia Sdn Bhd - under a new holding company Berjaya Retail Bhd (B-Retail) which will then be listed.

BCorp said on Sept 29 it would spin off Singer to B-retail which would then acquire 7-Eleven. This would involve the sale of Singer to B-Retail for RM360.0 million to be settled by new B-Retail  ordinary Shares, irredeemable convertible preference shares (ICPS) and some cash.

The ICPS have a tenure of 10 years and are convertible into ordinary Shares at par by merely surrendering the relevant number of ICPS for an equivalent number of Ordinary Shares.  The ICPS carry a preference dividend of 1.0% for the first 3 years and 2.0% for the remaining tenure of seven years.

B-Retail will also acquire 100% of 7-Eleven for RM600 million to be also settled by a combination of new B-Retail ordinary shares, ICPS and cash.

B-Corp is proposing to distribute the ordinary shares to its shareholders as a dividend-in-specie on the basis of one B-Retail ordinary  share of 50 sen each  for every 10 B-Corp shares held.

Tan Sri Vincent Tan Chee Yioun, BCorp chairman/CEO as well as the controlling shareholder is beneficially interested in 100% of 7-Eleven. Tan, through his family companies and B-Corp will hold more than 50% interest in B-Retail upon its listing and on the assumption that all the ICPS are converted, his interests will rise to between 73.8% to 83.8%.
[U]

Good news for BJCORP?

Hmm....this stock does seem attractive with low PE, but this quarter no dividend has been declared.

your TA cheong

Tomorrow see TA at 1.6, by Friday 2.00 

hahaha!
i don't. but all this talk about Hai-O stirred up my interest!

This week David must be one very happy man

David, you still hold TA.  I dumped all. 

If that is the case, I can invest already. My funds from US has just arrived   

I'm having a dilemma now. Should I divert my part of my EPF to mutual fund, or wait until after October?

I'm scared that October will rally because of the Budget 2010. So, I should transfer from EPF now?

On the other hand, I've been reading more and more analyst reports that the market is overbought and that a correction is coming soon.

Your hai-o and ta fly.  Good for you. I killed my golden goose dee. 

When to sell?  When you think it has generates enough profits that you are looking for. Remember it goes up and it will come down and nobody knows when is peak. For me I take profits when I see enough $$$ it has generates for me for certain % of my portfolio which I have bought with cash that not suppose to spend.  So collecting some cash back and will shoot when opportunities come.  0

The rest I will wait for CI 1400 maybe.  Holding tight.

regional market changed green.

will we follow suit?

morning red, afternoon green

it is FKLI settlement day! monkey should be coming out pushing the index to make it close in green, mai guess.

and do you know how TA gets its name?

my dad shares with me

TA = Tony & Alicia, they are the MD & CEO of TA Enterprise. relationship: husband & wife.

Rambutan in a glimpse:
1H net profit 372.941 million (increased 10.45%) 
2nd interim gross dividend of 17.5 sen less Tax 25%

Ex-Date 21/10/09, long time more

gonna go through the report after dinner..

aww not good, fall 1.30% right now.

what happened... because of the natural disaster happened in Sumatra?

Buy more Dialog on dips. 

DJIA, sign of retreating.

come down, come down, go back to green zone

mopster mopster how many units u hv with Tanjong? Do u think it can fly high OVER 16    in these few days? I remember cherroy taikor said might not...

Matter of time only, due to economy growth and inflation. 

During 1994, when crossing 1300 time, people talk about touching 1500, but it only happened after 14 years. 

So gain 200 points for holding 14 years, 200/1300 = 15% equivalent to 1% per year, much much worst than FD

you are one happy man!

should be able to cover back your loss on oilcrap huh?

haio and zhulian putting on a show

OT

i love my new avatar