BINA PURI – THE STARTLING REVELATION (While Price Goes Down INSIDERS LOADING UP!) Calvin Tan
Dear Fellow Successful Investors of i3 Forum,
I am happy for all fortunate friends who visit here.
Before I continue let me tell the story again
I have been reading Sun Tze’s Art of War. One particular point is “All warfare involves deception”.
That’s how the Japanese during 2nd World War tricked the Mighty British Army in Singapore. The British thought Singapore was impregnable because of its Huge Guns at Fort Siloso, Sentosa Island – pointing at the Pacific Ocean. No Japanese ship appeared at all. The Japanese Army only 36.000 soldiers defeated the British with 135,000 soldiers.
Japanese Bicycle army came by way of Kota Bahru through Estate Roads – avoiding the major trunk roads which were filled with pill boxes with manned machine guns for protection.
How did these Jap soldiers know. Well, before 2 WW started there were 6,000 Japanese in Malaya & Singapore working as barbers, 10 cent provision store, photographer & other jobs scattered throughout Malaya. They were actually spies. Secretly they took vital photos, drew up road maps, located all the military installations, defense posts and Heavy Guns of the British.
At the outbreak of the 2 WW these “spies” returned to Malaya as “soldiers” and being very familiar with Malaya geography led the invasion.
Now in just weeks Malaya fell & they assembled at Johor.
There were 36,000 Japanese soldiers versus 135,000 British & Australian soldiers in Singapore.
General Percival directed his army to defend the Western Side of Spore with the highest fortification & soldiers. He left the Eastern part of Spore near Kranji to the Australian & local poorly trained soldiers – only a miserable 3,000 to defend it.
Seeing the Heavy Fortification of Changi Beach the Jap really planned their deception well in their Conquest of Spore.
They got together hundreds of lorries at night. Turned on the head lights & drove them from the Western part of Johor to the Eastern Part of Johor. Then they “switched off” the headlights & drove quietly in the darkness of the night back to the Western part of Johor – turned on the head lights again & drove towards the Eastern part of Spore & repeated this process many, many times throughout the entire – CREATING THE ILLUSION THAT JAPANESE SOLDIERS ARE MOVING MASSIVELY FOR A HEAD ON ATTACK IN CHANGI!
This deception worked very well according to plan. Gen Percival & his entire army swallowed the bait & sent more artillery & men to the North Eastern Shore of Spore – preparing for the “invasion”.
Then the tens of thousands of Jap soldiers crossed into Kranji. The 3,000 poorly equipped soldiers were caught & surprised & overwhelmed in retreat. When The British found out the truth it was too late!!
After that the Mighty British with 135,000 soldiers surrendered to the Jap with only 36,000 soldiers. It was a battle of brain over brawn. (Actually 50,000 British & Australian soldiers were captured in Malaya & 85,000 others surrendered in Singapore)
So what is the moral of the story for BPuri?
DON’T LOOK AT THE OBVIOUS LIKE GEN PERCIVAL WHO MADE THE FATAL MISTAKE!!
Posted by valueinvestor > Feb 28, 2015 03:50 PM | Report Abuse 
OMG. What kind of company is this?
Profit after tax = RM 41 mil, BUT
Profit attributable to shareholders = RM 1 mil only.
Is the company mostly working for the Non-Controlling Interests only?
Best to quickly sell and forget about this kind of company altogether!
Posted by Jolin Lai Chi Pet > Mar 12, 2015 05:56 PM | Report Abuse
this company run by a group of conman! better run………………….huge order book but profit so little. Always said cost over run!
Posted by fatty_tang > Mar 28, 2015 04:57 PM | Report Abuse
this company sucks. the interest rates of their loans are so damn high (about 8%). with bank borrowings amounted to more than $500 million, $40 million is needed to service the loan annually, explaining why their margin is so damn thin. can’t make money no matter how many projects they secure.
Posted by wooBo > May 12, 2016 12:18 PM | Report Abuse
masuk longgang
Posted by wooBo > May 16, 2016 10:48 AM | Report Abuse
semua sudah kena BULI la…
Posted by tnang > Jul 26, 2016 12:27 PM | Report Abuse
sell lah, I sell all
Posted by DaitoRyu > Jul 26, 2016 12:50 PM | Report Abuse
PBH is good for revenue, contribution to profits is minimal!
Posted by tnang > Jul 26, 2016 02:35 PM | Report Abuse
yup, a lot of work, but no profit!!!
Posted by foosf > Aug 31, 2016 02:45 PM | Report Abuse
knock knock knock…. anybody home… why no move liao….
Posted by georgecostanza > Sep 7, 2016 04:33 PM | Report Abuse
Post deleted!
Posted by beso > Sep 20, 2016 10:00 AM | Report Abuse
far far over value
sell
Posted by mamatede > Sep 27, 2016 03:49 PM | Report Abuse
Very high PE !
| Posted by makubex718 > Sep 30, 2016 03:36 PM | Report Abuse
yaloh die liao |
|
 imlearning 107 posts |
Posted by imlearning > Sep 30, 2016 11:53 PM | Report Abuse
die gao gao … |
Posted by ahjib88 > Oct 2, 2016 06:13 PM | Report Abuse
Bpuri= Busuk Puri, company always steal money from small shareholder, ended up margin less than FD rate, waste time.
Posted by Ikaztahkik > Oct 2, 2016 09:13 PM | Report Abuse
sell
Calvin comments:
As you have read from the above posts – almost 90% of the people are very pessimistic on BPuri and call for a sell down on BPuri.
So how to buy leh? Not when you SEE WHAT INSIDERS ARE DOING!!
Now Go SEE the 2015 Annual Report & Scroll to Top 30 Share Holders!
Total no of securities after change
| Direct (units) | 18,489,778 |
| Direct (%) | 7.64 |
| Indirect (units) | 4,863,925 |
| Indirect (%) | 2.01 |
| Total (units) | 23,353,703 |
| Total (%) | 9.65 |
| Date of Notice | 14-Jul-2016 |
| Name | MR MATTHEW TEE KAI WOON |
| Descriptions(Class & nominal value) | Ordinary shares of RM0.50 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
|
Type of transaction
|
Date of change
|
No of securities
|
Price Transacted ($$)
|
|
Others
|
14/07/2016
|
1,560,000
|
0.500
|
| Circumstances by reason of which change has occurred |
ESOS |
| Nature of interest |
Direct |
| Consideration (if any) |
RM780,000 |
Total no of securities after change |
|
| Direct (units) | 4,463,925 |
| Direct (%) | 1.844 |
| Indirect/deemed interest (units) | 18,889,778 |
| Indirect/deemed interest (%) | 7.803 |
| Date of notice | 14/07/2016 |
Particulars of Director
| Name | DR TAN CHENG KIAT |
| Descriptions(Class & nominal value) | Ordinary shares of RM0.50 each |
Details of changes
Currency: Malaysian Ringgit (MYR)
|
Type of transaction
|
Date of change
|
No of securities
|
Price Transacted (RM)
|
|
Others
|
11/07/2016
|
300,000
|
0.540
|
| Circumstances by reason of which change has occurred |
ESOS |
| Nature of interest |
Direct |
| Consideration (if any) |
RM162,000.00 |
Total no of securities after change |
|
| Direct (units) | 9,668,902 |
| Direct (%) | 4.048 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Date of notice | 11/07/2016 |
His share holdings Jumped from 1.88% to a new high of 4.048%!!
So these are the clear evidences of INSIDERS Buying in the absence of good news (only bad news after bad news)
And who are these 3 Very Active Directors who bought and bought as if there is no tomorrow?
In the Annual Report:
l Report 2015 Tan Sri Datuk Tee Hock Seng, JP, Malaysian, aged 67, was appointed to the Board on 5 November 1990 and was subsequently appointed as the Group Managing Director on 22 November 1994.
He is an experienced entrepreneur with more than 40 years business acumen in trading, construction and development. He is responsible for the day-to-day operations of the Group. Currently, he is an Exco member of Malaysia South-South Association and Perdana Leadership Foundation. He is a Director of Malaysian South-South Corporation Bhd. and Malaysian Industry-Government Group for High Technology (MiGHT). He also serves as the Honorary President of The Federation of Hokkien Associations of Malaysia, Honorary Chairman of the Malaysia Quarries Association, Honorary Chairman of The International Fellowship of Eng Choon Associates, President of the Kuala Lumpur Eng Choon Hoey Kuan, Chairman of the Chinese Maternity Hospital (CMH) and Deputy President of Tung Shin Hospital and Chairman, Board of Governors of SMJK Confucian. He is also the Honorary Chairman of the Young Malaysians Movement and The Federation of Malaysian Clans & Guilds Association as well as an elder of Elim Chapel. He was appointed a member of the Senate (Ahli Dewan Negara), Parliament of Malaysia on 15 July 2008 for a duration of three years and had served as Treasurer-General of Malaysian Chinese Association (MCA) from 2008 to 2010. A respected individual in the construction industry, he was accorded the “Most Prominent Player” by the Construction Industry Development Board in 2005, being one of the highest individual award recognised by the industry. As at 31 March 2016, he held 16,799,778 ordinary shares of the Company and did not have any securities holdings in any of its subsidiaries. Except for recurrent related party transactions of a revenue or trading nature which are necessary for day-to-day operations of the Company and its subsidiaries and for which he is deemed to be interested as disclosed on page 189 of the Annual Report, there are no other business arrangements with the Company in which he has personal interests. He is also the Chairman of the Group Executive Committee and a member of the Remuneration Committee.
Dr Tony Tan Cheng Kiat, Malaysian, aged 68, founded Bina Puri Sdn. Bhd. in 1975 and has been the Executive Chairman since its inception. He was appointed to the Board of the Company on 5 November 1990. He is responsible for the growth and ongoing development of the Company’s business. He was instrumental in the development of a number of major projects throughout Malaysia for the Group. He holds a doctorate in Business Administration and is also a licensed builder. He has been successful as a private property developer in Australia. With his wide experience, he has brought much progress to the Group. As at 31 March 2016, he held 9,368,902 ordinary shares of the Company and did not have any securities holdings in any of its subsidiaries. Except for recurrent related party transactions of a revenue or trading nature which are necessary for day-to-day operations of the Company and its subsidiaries and for which he is deemed to be interested as disclosed on page 189 of the Annual Report, there are no other business arrangements with the Company in which he has personal interests. Dr Tony Tan is a member of the Group Executive Committee.
DR TONY TAN CHENG KIAT Founder Director
Matthew Tee Kai Woon, Malaysian, aged 41, joined the Company in December 2003 as Special Assistant to the Group Managing Director. He was appointed as Executive Director on 1 December 2009 and was redesignated as Group Executive Director on 7 March 2013. He is a Chartered Accountant and has been admitted as a member of the Malaysian Institute of Accountants (MIA). He is also a Certified Financial Planner and a member of the Certified Practising Accountant, Australia. He is currently the President of the Master Builders Association Malaysia (term 2012-2014 and 2014-2016). He has been a Board member of Construction Industry Development Board Malaysia (CIDB Malaysia) since 2013 as well as Construction Labour Exchange Centre Berhad (CLAB) since 2012. He is also the Treasurer of the Malaysian Steel Structural Association (MSSA). Previously, he was the Administrator of the Chinese Maternity Hospital from 2001 to 2003 and was once attached to PricewaterhouseCoopers in the audit department. He holds directorships in several other companies. He was recently appointed a member of the National Science Council (term 2016/2017) by the Prime Minister of Malaysia. As at 31 March 2016, he held 2,818,925 ordinary shares of the Company and did not have any securities holdings in any of its subsidiaries. He is a member of the Group Executive Committee.
MATTHEW TEE KAI WOON Group Executive Director
So We Have These 3 Top Guns of BPuri Buying Up BPuri Shares
GROUP MANAGING DIRECTOR – Datuk Tee Hock Seng
FOUNDER DIRECTOR -Dr. Tony Tan Cheng Kiat
GROUP EXECUTIVE DIRECTOR – Matthew Tee Kai Woon
If BPuri is a JUMBO JET Then We Have The Pilot & 2 Assistant Pilots here!
If BPuri is an Army – Then We Have The 5 Star General and both his left and right hand men here!
What do they SEE ahead that we don’t? Will BPuri going to give Bonus Issues with Free Warrants? Or some Entity going to take BPuri private at a higher price like Super, Kulim or TMakmur? Or are they going to declare some surprising good earnings with special dividend thrown in?
Only time will tell.
But Their Substantial Buying Tell Us A Lot of The Coming Bright Future of BPuri.
As of now the Top 30 Substatial shareholders are holding almost 80% paid up shares of BPuri. In Annual Report of 2015 you see only a total of 58%. Now with INSIDERS GOBBLING UP ALL CHEAP UNDERVALUE BPURI SHARES PLUS 10% PRIVATE PLACEMENT SHARES There is Very Little Freefloat of BPuri Shares left in the open market.
And WHO WERE THE BUYERS of 21 MILLION BPURI PRIVATE PLACEMENT SHARES AT 50 CENTS!
That’s a Rm21 MILLION RINGGIT QUESTION?
Good night everybody,
Yours to a Successful Multi Baggars Investments,
Warmest regards,
Calvin Tan
Jurong West, Singapore