Bounced back up again .....yahoo!!!

Based on recent reported earnings, I'll guess 4 sen dividend & I'm being optimistic here.

philip31 I think you are spot on.

Also your comment on the 12th August seem to jive with the sudden surge in the price.

KJ value down simply because of demand and supply. With EPF reducing its stake at every opportunity over time, the price would certainly decline. However this market value does not reflect its true much higher value as reflected by its ability to consistently generate positive earnings.

This makes KJ nice & ripe target for a takeover!

Sure that happens when there's not enough delta in the warrant i.e. if it's way out-of-the-money.

In layman's terms, the share price is way below the strike price.

Warrants are highly leveraged instruments. Hence a small price move on the mother share would logically have a magnified move on the warrant.

If you are absolutely certain that the share price is going to rise and by when (e.g. if your good buddy is the chairman i.e. insider trading of sorts), then you should buy warrants (albeit illegal). You'll make a ton of money.

Sigh! - I bought thinking it had hit rock-bottom

If slightly better than the last quarter, I'll be very happy - extrapolating over a year, it will be more than able to pay the same annual dividend of 20 sen.

The share price is low because EPF is dumping it every opportunity it gets. Maybe it's fed up with the low dividends & poor capital gains.

So Mr Joblessrich, what's your EPS guess?

Saltib - did you take my advice?

The quarterly earnings has been very volatile. In recent history, it has ranged from -17.60 to +27.47. Anybody want to hazard a guess as to the quarterly earnings ending June 16? Not much at stake - just a pound of your flesh hehe.

Ok I'll guess 1 sen - mitigated by the impact of the recent explosion.

See who can guess the closest. Come on let's have some fun!

Looks like last minute goals scored in the last few matches

Angie - could you please forward the Kenanga research report that you have mentioned

My hand is itching as tomorrow is dividend pay day hehe.

Buy - The management comes across as prudent & honest. Furthermore the co has bought back shares in excess of 7% of the total issue.

picked up some KJ.

Based on the data I gathered over the past few years, KJ had never registered any quarterly loss. It's dividends had always been far less than its EPS. This stingy but capable management can only mean that the company is severely undervalued,

pray pray pray that it keeps going north

It's falling like a stone

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.