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BAN JOO -FUTURE PER 8.77X,6.5% LOTTERY REVENUE
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787180
Master |
08-Oct-2007 12:15
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quote="happyday"]How is the EGM...no movement of Banjoo? sold out completely at 18-18.5cts those bought at 16cts...maybe will buy bk at 15-16cts again..switch to ChinaAuto Electtronics and Bengkuang[/quote] EGM over..looks like nobody query mgt of BJ about its price performance..understand that during EGM..directors normally don't entertain such queries ,,can only stick to agenda..ie on change of auditors ot they may be evasive to info affecting BJ's prices |
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Ryanwong
Member |
06-Oct-2007 12:15
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Banjoo(BJ) has on Fri 7 Sept expressed intention to aquire Megatalk,a co own by NTUC INCOME and is involved in the telecommunication svs just like CCTM,a unit of China's CCTV with a viewership of >330mil.All these acquisition will be financed by BJ's shares at a price of ab 30cts.In Aug BJ has reached agreement to repay its debts to creditors and banks too and BJ will be a totally revamped biz out of non profitable textile biz. BJ's subsidiary Shanghai All Points-Invs Co Ltd has officially launched its paperless welfare lottery biz in Shanghai and BJ will pay Diamond Sky International,the owner,that is being tied up with the special purpose vehicle to facilitate the deal,Diamond Sky will be paid with BJ shares first tranche at 20cts and next trance at 40cts.The MOU inked on 5June is legally binding as 3 mths is the normally period for it to be ratified and is normally sealed unless there are adverse changes to offeror and offree's positions.Deal is likely in BJ's pockets already. I'm very new at this. Newbie. Looking at the above, how can Ban Joo be paying for deals with stock at prices above the current price? Why would Megatalk and Diamond Sky agree to such deals? Or is the share price likely to be much more than 40 cents in the future? |
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ekekeg
Veteran |
06-Oct-2007 09:59
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There is also Rowsley. But lottery is always the cash cow for operators. | ||
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hohokit
Veteran |
06-Oct-2007 09:56
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Anybody know Macau have how many casino in operation? | ||
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eblim77
Member |
06-Oct-2007 00:42
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Sound dubious to me...So many lottery ventures in china......banjoo, lottisvision and Pacnet....... Just how many foreign companies have succeeded? Really scary to see the shares go down to bottomless pit trade with caution |
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Manikamaniko.
Master |
06-Oct-2007 00:20
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It is likely Banjoo may be trading the 16-21 lateral band in the days ahead ... |
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GerGer
Member |
03-Oct-2007 13:03
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for those who do not visit cna forum [quote="No_Money"]I?m trying to recall the conversation as much as I can as below. Questions are not in the sequence as I asked. Me: May I know the status of the lottery biz? BJ: We had made an announcement already. Me: Is it? So the status is? BJ: The mou had been finalised. Me: But the announcement did not mention anything abt mou finalise? It only mention tat you will loan 5 mil to them. BJ: we have reached an agreement with Diamond Sky already. Me: But I understand that the Chinese government will hv to approve rite? BJ: As a foreign company is setting up a biz in their country, the government will have to approve. Me: How long it is going to take? BJ: I wouldn?t know. Normally it will not be so soon. Me: What are the chances that the government will approve? BJ: I cannot comment. Me: There is still possibility that the government will disapprove the deal rite? BJ: Yes, but if the government disapprove, they cannot sell the lottery biz to any other foreign company. Me: But they can still sell it to other china or hong kong company rite? BJ: Yes. But normally they will not reject unless the deal will cause the loss of benefits to their own country or ppl. Me: What if the government reject the biz, what r u going to do with the $5mil tat u hv lent them? BJ: We hv not lend them the money yet. It is part of the agreement. Only after the government approve to the setting up of WOFE, then all the agreement will be put into operation. (Same goes for the placement of 20cents and 40cents shares) Me: How about megatalk and the cctv biz? Does the government need to approve also? BJ: Yes. As long as it involves a foreign company, the government will need to approve. Me: According to your share price, the sentiment doesn?t seem good. BJ: We hv no control to the share price. It all depends on the market sentiment. Me: I am confuse abt the lottery deal. Are you saying banjoo will acquire shanghai all-points? BJ: We don?t acquire shanghai all-points. How we involve in the lottery biz is we sort of buy the lottery biz from diamond sky. We will set up a company (WOFE) that will provide consultancy services to shanghai all-points where both parties will hv a bit of the biz. Me: Is this the first time banjoo trying to set biz in china? BJ: As u know bj is doing textile biz. Even now I am still doing textile. Our company is trying to diversify their biz into other areas. My personal views. As i mentioned earlier, diamond sky has agreed to sell the lottery biz to banjoo. Now waiting for china government to approve. If u want to knw when it will be approved or whether it will be approved, u can check on the history of those company who are awarded the lottery or check on any foreign company who first time trying to set up biz in China. See how long they take. Then u will knw their preferences. As for whether to wait or not to wait, I?ll not comment. It?s your call.[/quote] |
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melvinaw
Member |
10-Sep-2007 16:12
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Wat happen to tis counter it got throw down by thousands of lots? | ||
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Green8
Senior |
10-Sep-2007 00:06
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Agreed. If the deal is sealed BJ will rise. Look at its price movement and you know the answer. |
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787180
Master |
09-Sep-2007 23:50
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Hi Bros and Sis..how are of all U? I'm not happyday just that I've PM happyday and she keeps me posted as she is still buying agressively from 15cts to 20cts,she has acquired Jade and Oculus buy and sell many rounds with good profits.She is also not affected by recent sharp sell down and wish all bros and sis here continue to make $..here is her posting. Banjoo(BJ) has on Fri 7 Sept expressed intention to aquire Megatalk,a co own by NTUC INCOME and is involved in the telecommunication svs just like CCTM,a unit of China's CCTV with a viewership of >330mil.All these acquisition will be financed by BJ's shares at a price of ab 30cts.In Aug BJ has reached agreement to repay its debts to creditors and banks too and BJ will be a totally revamped biz out of non profitable textile biz. BJ's subsidiary Shanghai All Points-Invs Co Ltd has officially launched its paperless welfare lottery biz in Shanghai and BJ will pay Diamond Sky International,the owner,that is being tied up with the special purpose vehicle to facilitate the deal,Diamond Sky will be paid with BJ shares first tranche at 20cts and next trance at 40cts.The MOU inked on 5June is legally binding as 3 mths is the normally period for it to be ratified and is normally sealed unless there are adverse changes to offeror and offree's positions.Deal is likely in BJ's pockets already. BT dated 8Sept.."even a s'pore base NetGain System has won a prestigious IT contract at Bejing Olympics beating some of the world's best known giants"..Hence BJ stake in the $105mil profit guarantted by Diamond Sky is unlikely to be rejected by PRC as many pple esp shortist would like BJ to crash esp they had shorted heavily on Fri 7sept will be caught wrong footed again on Mon 10Sept. According to Citicorp,welfare lotteries account for 58% of the whole lottery mkt in China and by 2010 welfare lottery will reach US$18 illions(S$27billions),verses US $16.5 billions,for sports lotteries which LottVision is eyeing.Therefore BJ at 20.5cts will catch up with LottVision(36.5cts) as LottVision is involved in POS equipment to lottery operators while BJ is in the superior position in particiapting in Lottery receipts.Unlike LottVision,BJ is not in anaylst radar screen yet while Lottvision has been covered by a few analysts including DBS Vickers and Philips. BJ has often go againts DOw's movennts up when DOW drops..In mid june BJ halted at 14cts and when lottery biz was announced it shot past 20cts trading btw 22 to 30cts for >2mths,but on 17 aug it dropped <20cts and had traded btw 15 to 19cts.The gap had been completely filled from 15 to 20cts with heavy vol esp fri 7Sept and with so many beneficial effects and synergestic acquistions,its share price will be well underpinned..strong buy,,don't expect 9-10cts anymore. |
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kodiak
Senior |
09-Sep-2013:44
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787180 = happyday? no wonder i see the two postings so alike?! | ||
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Pension
Elite |
09-Sep-2007 15:43
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any ideas why happyday is ban? | ||
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GerGer
Member |
09-Sep-2007 13:14
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787180 = Happyday u can still find happyday posting in CNA forum. Exactly what he posted here. |
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Pension
Elite |
09-Sep-2007 08:49
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si have to join as member and pay money to share you expertise. ja pa boh any eng | ||
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cashiertan
Elite |
09-Sep-2007 04:54
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oh nothing but i didnt see happyday posting nowadays except at SI. |
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teeth53
Supreme |
08-Sep-2013 07:53
Yells: "don't learn through life, learn to grow with life " |
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Hi Cashiertan, Err... I am quite surprised by your below statement and a question mark (?) My tot say isit B'cos of calling...... such and such shares and stocks to be..... (need not have to reply, just sharing my tot, if need to, i read more on STI 3,000+ forum). |
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cashiertan
Elite |
08-Sep-2007 16:52
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Happyday kana banned by this forum? |
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787180
Master |
08-Sep-2007 14:02
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Banjoo has in the past to perform even better when Dow drop..will be within the top vol next week as its low of 15 to 16cts was artifically pressed down for BB to accumulate..even at 20cts downside is limited but upside is.... All attention will be switched to Banjoo and the paperless lottery in Shanghai is certain in its bags now thta BJ is in process of acquiring CCTM(unit of CCTV) and S'pore's Megatalk all these to provide synergistic support to its lottery biz and the share investmnet (20/8/07 to 02/09/07) in its write up.o's subsidiary Shanghai All-Points Invs Co has officially launched its paperless sale of welfare lottery biz in Shanghai,PRC.All Banjoo;s purchases will be fund by issuing BJ shares at 20cts...30cts and 40cts..the support will just be there..unlikely for BJ to drop to 15cts again or the ridiculously 7 to 9 cts again...strong buy |
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Pension
Elite |
08-Sep-2007 09:21
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the spirit of pushing up this counter on monday is dampen by the us market last night.
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jackjames
Elite |
08-Sep-2007 08:50
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ha ha, you bet... anyway, u are not vested what.. maybe it is a golden chance for us to vest if it makes correction? |
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