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BLand selling BToto shares at a loss after 24 years ......? - M.A. Wind

Tan KW
Publish date: Sat, 11 Jun 2016, 02:22 PM
Tan KW
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Saturday, 11 June 2016 

 
Berjaya Land made the following announcement:




In other words, BLand held some of these shares over 24 years, and sold them at a loss?

Although BLand must have received a lot of dividend from its BToto shares over the years, still, it sounds quite disappointing.

I thought the rule is "Buy low, Sell high", but BLand seems to disagree with that.

Also, why did BLand sell the shares now, at current depressed prices, when BToto was trading at a much higher price for many years?



 

 

Discussions
Be the first to like this. Showing 16 of 16 comments

moneySIFU

Because all number forecasting businesses are dying and sunset businesses. Pool of customers are getting smaller, not bigger or growing, and yet have to compete with illegal operators. Illegal operators offer all kinds of conveniences such as home delivery, sms order, additional prize monies, good after sale services, etc.

2016-06-11 14:38

moneySIFU

I love sportoto many many years ago, abandoned it after younger generations are now living with everything started with i.

2016-06-11 14:40

stockmanmy

Really? So many illegal operators with I or no I one?

2016-06-11 16:52

moneySIFU

Sorry, stockmanmy, what I was trying to say was that younger generations are living with so many products or services that started i, such as iphone, ipad, ipod, internet, blah blah.....

2016-06-11 17:02

moneySIFU

Compared to old days when buying 4D is one of the people daily activities, now younger generation have too many entertainment to go about, some even prefer to go for online gambling, rather have to wait for one or few days.

2016-06-11 17:05

stockmanmy

who is WC?

2016-06-11 17:48

Apollo Ang

also tey por yee,don't ever buy his stocks

2016-06-11 17:59

Up_down

Possible reason.....BJtoto dividends payout in cash was 16.5 cents or DY 5.6% at current share price. BJCorp's finance costs stood at RM 303 million or equivalent to 4.1% for the past 9 months. It's a wise move to dispose some of its stakes to pare down the borrowings since interest rates are expecting to rise in the near future. I don't know the interest rate for BJCorp's loan but certainly on the rising trend witness from the upsurge in FD savings rate offering by banks recently.

2016-06-11 20:17

shareinvestor88

Magnitech n BJ Auto are good stocks

2016-06-11 23:23

firehawk

BJ Toto share price range from 24May-06June was 3.04-2.99, How BL had a avg selling 2.86?

2016-06-12 01:33

BumbleBee

Same thing in Magnum, going down and down aiyahhh

2016-06-12 09:44

Apollo Ang

24 years of buying toto,every week donate me also lost. in fact i bought toto since 30 years ago. every meeting bought also never kena

2016-06-12 11:58

firehawk

this is accounting ... not betting, shouldn't just put on a lucky number ......

2016-06-12 23:33

TheContrarian

2.86 price done off market.

2016-06-13 00:44

smalltimer

anyone knows who purchase the discount shares?

2016-06-13 10:39

ken law

may be VT personal own company... ha ha!

2016-06-13 15:16

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