Berjaya Sports Toto Berhad (BToto) is principally engaged in the operations of Toto betting, leasing of on-line lottery equipment, and manufacture and distribution of computerised lottery and voting systems. The Company's Other business segments include property investment and development and investment holding, manufacture and distribution of computerised lottery and voting systems, operation of hotel as well as operation of health and fitness centre. BToto operates in Philippines through its subsidiary Berjaya Philippines, Inc. Its wholly owned subsidiary, Philippine Gaming Management Corporation, supplies and maintains a computerized on-line lottery system and software support to Philippine Charity Sweepstakes Office in Luzon Island, Philippines. The lottery operation in Luzon, Philippines offers eight games at over 2,630 outlets.
jpleowThe price will rise after they announce a dividend. After Ex, the price will adjust down. The best time to buy is before the dividend announcement. Best is to buy then hold for long term to collect dividends.
Last 2 quarters, they paid less dividend since they need to conserve cash for STM Trust listing. If withdraw too much cash from STM, the balance sheet will be bad for listing approval. Now that STM listing is cancelled, they may pay more dividends. Last financial year they paid out 28 sen TE. If same this FY, at RM4, the div yield will be 7%!
This stock is for long term investor, not for speculators who are looking for short term fast money.
jpleowRepost from the past: ========================================================== Posted by jpleow > Aug 18, 2013 05:32 PM
For a high dividend yield stock like BjToto, you need to consider the dividends given in the past when looking at the current price.
Usually the price goes up before the dividends Ex then it will be adjusted down for the dividends given.
I just like to give you a clue of what is the 'real' price of BjToto after you add back all the previous dividends:
Based on 16/8/13 closing price of RM4.20, The 'real' price = 4.20*(46/45)*(15/14)+(0.04+0.08+0.065+0.05+0.06+0.08+0.08+0.03+0.06+0.04+0.08+0.08+0.08+0.30) = RM5.725
faberliciousjpleow,thanks for the calculation. But I don't understand this part (4.20*(46/45)*(15/14).Can u elaborate.
faberliciousLooks like buying support at 3.96-3.98.Could be Vincent Tan and company sbb.
jpleowFor shares dividend or bonus: Eg, if give 1 bonus share for existing 2 shares, the Ex price is:
Px = P * 2/(2 + 1), where P is the price before Ex, Px is the price after Ex.
After it is Ex, to calc back the price before Ex:
P = Px * (2+1)/2.
Eg Price before Ex, P = RM3, After Ex, Px = 3 * 2/3 = 2.00
Caculate backward, P = 2*3/2 = 3.00
For shares dividend of 1 new share for every 45 shares: P = Px * (45+1)/45.
Similar for shares dividend of 1 new share for every 14 shares.
For 2 shares dividends together, it would be: P = Pxx * (45+1)/45 * (14+1)/14 where Pxx is the price after both dividends Ex.
smallboyJpleow the quarterly report for october must be announce b4 december right?
jpleowYes, Bursa rule is to be announced within 2 months from financial period end. For 31/10/13 quarter end, it must be announced by 31st Dec. However, they usually announced earlier, usually around middle of the month where it is due.
smallboyok thanks! Would consider it for the dividends! Haha