The PE & Dividend yield make it look very attractive

I'll sell when it hits 10 - probably in the 22nd century!

Perhaps the Co could step it up by selling some groceries

Aiya! I could have been a lot richer.

I hate it when a company declares a long fuse dividend i.e. to be paid in a very distant future. It's just a tactic to keep the share price high.

I sold @ 3.22 today what I bought @ 3 about 2 months back. Some pocket money to spend.

TQ Joblessrich

I went in 2 rounds with toto. First round I sold > 4.50 - made a pile. Now 2nd round it's nothing but misery. But the dividends is a soothing balm of sorts.

Par value is nothing more than a psychological benchmark for many an investor.

Imagine that you bought 2 houses - 1st for RM100k (in Bangsar) & 2nd for RM1m (in Seremban). After 10 years, the market value for both are RM2m. Would a potential buyer consider the original developers' prices? I say No.

Both houses have the same net asset value. The only difference is that the first is 100k capital & 1.9m gain while the 2nd is 1m capital & 1m gain - purely a classification. I don't think anyone should get more excited with the first house if the seller reclassifies the gain & said that he bought the Bangsar house for RM1m.

depends ... if old lots then rich but if new lots then middle class

Here kitty kitty ... getting warmer

The odd thing is that the management still has yet to come out with an official announcement on the extent of the damage.

In the name of good governance and to prevent insider trading, information should be quickly disseminated as they are discovered. Issues like whether insurance will cover, how long before restoration, what was the cause - human error etc.

Par value is irrelevant as one should focus on the net asset per share.

Was the fire a sabotage?

There was a write-up in the Star Saturday 25 June. It said that investors are apprehensive about Toto shares despite its low PE and high dividend yields which was attributed to major shareholder selling at below market price. It did say that the sell-off was to fund the shareholders cash flow needs rather than the company's prospects.

Of course we have to ask ourselves as to whether it was an independent view. Be a natural skeptic.

Ate some more - burp!

They've crossed the Volga river.
At 7% I think it's the largest %-wise of all the Malaysian listed companies.

I'm pleased with the 5 sen dividend. Anyone unhappy?
Performance wise I need to look into the details.

billionaire88 - although you are asking a relevant question, the issue of greater relevance for us is the political risk

yongch - you paint a very scary picture which is not far fetched

The trouble is too many shares are going for a song. They are screaming for my attention but I have too little money.

My new target is < 3.

If he gives it to his crony then it should rightfully compensate at fair value. The trouble is that market value is the best indicator of fair value. At such depressed prices, the new owner can buy it for a song.

Naturally we the existing shareholders will be the losers.

Share buyback hitting very very close to 7%!

Who's got the guts to dive in? Come on be a man! Prices today is the lowest over 5 years.

Is there a basis? Perhaps. Among others - Threat of hudud, increased GST, gaming license not renewed etc.

But on the other hand would the government kill the goose that lays the golden eggs.

EPF is clearing its bowels of chunks of KJ.

smalltimer - good question. All I can say is a shareholder who owns < 5%.

Any predictions about the forthcoming results?

I thought that Magnum was a "recession-proof" business.
One of the directors said that it's more a "recession-resistant" business - meaning that it is still affected by recession but not a lot.

Mamatede - agreed that the govt is stupid to increase taxes on this business but the bigwigs are more intelligent to allow this to happen because I suspect (though without proof) that some of them may have their grubby hands in the cookie jar.

It may not have sovereign funds but it has 2 of the largest insurance companies with significant stakes.

Good & prudent management, steadily accumulating shares below its perceived value.

Chai3440 - dividends if any will be announced when the quarterly is announced i.e. by end June.

From the falling share price, looks like the world is coming to an end!!

I agree with you 100% Somo1.

In fact that's what I had been harping as a shareholder of BToto as well - share-buybacks and then axe them to shore up EPS. But instead we get shares as dividend in specie.

It's also fine to invest in MM unit trust for some yield (as there's greater flexibility with the resultant asset). However at today's prices buybacks look more compelling.

Somo1 - His opinion about mobile trucks peddling 4D is good but may not be feasible since it may infringe the businesses of existing fixed outlets.

As for the organic farming, if it's a good spin-off for the mobile truck (assuming feasible) then I really would not mind but the vegetables should be sold at commercial rates with decent profits - If anyone wants to do social service then they should join some NGOs.

The board responded saying that they operate with a very lean staff strength (about 200) for which I'm grateful.

Corporate Social Responsibility bro

An interesting info presented at the AGM today is how taxes in this heavily taxed business is derived. The following e.g. explains:

Assuming Sales 100
Less Gaming Tax (8)
Pool Betting Duties (7.18)
84.82
Less Price payout (62.56)
Balance 22.56

GST = 6%/106% x 22.56 = 1.26

Some nut case asked for more CSR. To which I responded that the huge taxes paid by Magnum was already CSR hence no need for more CSR. If any shareholder wanted the co to do more CSR, then he/she should use their dividend money to perform their respective CSR.

Billionaire88 - it was announced in the radio BFM that B Land had sold a large stake in BToto at a loss to reduce debt and finance working capital

Hence 4% of par = dividend in sen

Royalmail88 - I get annoyed with companies that tell you % dividend. Then I have to download annual report & check what's the par value & work out the dollar dividend per share. I guess it makes the co look good when it says that it's declaring 100% dividend when its par is only 10 sen. Shock sendiri saja!

I speculate & hope that the motive is that Berjaya Land (& its 100% subco Gateway) sold the stakes to raise cash rather than it did not see value or it's jumping off a sinking ship.

Berjaya Land afterall incurred losses for the FY 2015 and has huge borrowings to service. Does it make sense?

Comrades - I just got in @ 4.36. Any comments about the prospects of this company?

Sure

I'll probably be going to Magnum AGM.
Any idea what's the door gift and on the buffet spread? lol.

Huat888 - what is your source for this information?

It's not in the U Mobile website - I do see Vincent Tan as Chairman & Upatkoon as director though. These 2 gaming tycoon rivals coming together in telco.

Probably Dr Charles needed the money or maybe he over-analysed the hudud thing.

Weh9168 - I've combed through Magnum's annual report but there's no indication that it owns U-Mobile.

Last year 30 Apr 15, Full year EPS = 26.75 & Div = 21.50;
Current YTD 31 Jan 16 = 14.93 & Div = 14

So if the performance is the same (or stagnant) then for the quarter to 30 Apr 16, EPS = 26.75 - 14.93 = 11.82 & Div = 21.5 - 14 = 7.5

Give me stagnant performance & I'd be happy.

I've swooped in to buy.

Now only one small problem exists - how to pay for it in 3 days time!

Hoping for EPS > 5 sen and Dividend of 6 sen for the last quarter.
Am I asking too much?
Is that too much to ask?

Yes always. Often their questions are rather academic but occasionally they are pointed. Perhaps the highlights for MWSG is the brunch/lunch spread lol.

This illegal issue thing has been going on for decades. They can crack it down but i speculate that too many bigwigs have their hands in the illegal cookie jar hence any action will be just for show.

Would the govt like to increase their coffers with gaming taxes from the legal gaming outfits? - The answer is Yes. But between the govt's coffers and personal pockets then what do you think would be the preference?

TQVM hezjing

Looks like they met my expectations. But I'm still somewhat disappointed as my expectations were low to begin with. My worry is that this is supposedly the best quarter.

Considering the strong headwinds with the poor economic & political sentiments I can only hope for the same performance to be repeated for the next 3 quarters. Anything more would be a bonus and anything less is unfortunately expected.