hng33sold Bjtoto at 3.49, realize slim contra gain
kkng0819kkTo day 's agm on gst-bt ,s special team still in negotiation with the treasury on the subject of gst as well as gaming tax
retnamYeah kkng - it was I who raised that matter. I must say that all questions answered by the CEO, aided by his CFO was clearly articulated.
kkng0819kkAi yo yo,were we taken for a wild wild ride?My doubt is-if owen was bought on hot deal basic,the deal seems gud!But Owen 's margin on luxurious cars ,accordng to ceo is small!what a contradictory statament!The whites r not stupid when they want to sell the business to u!
kkng0819kkI switch some money to magnum,with higher and less risky ventures already.Magnum business is more forcussed and straight forward
retnamToto's management sees a lot of fat & areas of improvement in HR Owen but they can't just hire & fire hence it may take sometime before it's higher values are realised.
I certainly hope they know what they're doing.
retnamInteresting to note from the outcome of the AGM is that Dato Dickson isn't exactly popular with 117m shares voted against his reelection. To the crowd, he's no different from other non-exec directors hence my guess is that he may have some issues with the top management.
rlchretnam you attend AGM right. I thought they already approved share buy back why din buy back any shares so far. If I know you will attend I will propose to request for bonus issue to make the BJ Toto affordable or cheaper than Magnum.
retnamSomeone raised the issued of share buyback. The response was vague & I believe held no basis. They mentioned that the Co would be in breach of a "creeping or incremental rule" in a buyback. I perused through the share-buyback circular but there was no such rule. Sounded like BS to me.
Btoto has plenty of room on the existing criteria i.e. public share holding spread, 10% issued share & retained earnings respectively. Maybe the main shareholders prefer to pick up the shares themselves as indicated in the recent purchase rather than have Btoto do it. This is in fact better as it means that they are willing to put more of their skin into the game.
Personally I'm not fond of bonus issue - it just cuts the same cake but into thinner slices which would affect EPS and hence share price.