2day another last minute sell down. 2mil shares sold at 3.82. Notice that no transaction done at 3.83 - 3.87. Is this a closed door transaction? Bjtoto bought back share?
Was the sell down related to foreign fund exit? We might see more sell down til Auguest since QE tapering is expected to complete in September. Does Bjtoto cash rich enough to handle it. What do u think about our dividend outlook?
In my opinion cap depreciation is just temporary issue. If u bought something cheap u won' sell it cheaply. U'll sell at reasonable price. V.Tan is skillful businessman.
I don't make money out of it without cap appreciation. This is the situation. Invested rm100,000. Depreciated 8.6% or Rm8,600. Collected dividend Rm1,450.
If u bought a shop u don't value the premises every year to figure out your capital gain (share price). Wat u care is the rental (dividen). U never complaint tatvu do not make money if u do not revalue your premises every year.
One should expect increase in profits the CNY season i.e. 31 Jan & some spillover to 30 Apr quarters. As far as dividend payment, I'm not certain as to whether they can be generous since a lot has been spent on share buybacks.
Bursa announcement indicates a lot of share buyback up to Mar 08 and then it stopped. At that time, BToto shares hovered around 4.80 - 5.10. In Jul 09, there was a massive share distribution of 1/14. Buybacks resumed in Dec 09 i.e. 1.75 yrs later.
Share price tanked after that. My sincere hope is that BToto cancels the 30.6 m shares bought back. It's good for EPS, Div yield and share price.
Theoretically cancellation of treasury shares is better but psychologically distributing treasury shares is more pleasing. Same psychology as Bonus Issue, nothing is really given out, each shareholder still owns the same % of shares but many shareholders are excited over it :-)
Gambling is a business tat doesn't need much asset. NTA isn't important in this context. No way u can get 3.80 bargain. Those bought at 3.80 have been queuing for months.
One only looks at NTA with the intention to liquidate assets. B Toto's valuation should be based on future earnings & cash flows. Share price under pressure I believe due to impact of GST. Some uncertainties as whether B. Toto would be exempted or if required to pay then how it's calculated.
hope can buy more at lower price before announcement and divident...
but th secretary very cekap to activate shar buybacks when there is any fall in price...except some days...when she cuti i tink...hope she cuti more...hahahahaha
Kkng please count for me how u get 7percent DY thank you... Ppl say 7dy then u all also follow zz except the company give 8sen all the quarter la... Now only give 4,6 and 8 sen random mia... Mana ade 7DY
FYE2014 - interim dividends totalling 10% FYE2013 - total dividends 18.5% (price range about 4.05 that 4.6%) FYE2012 - total dividends 27% (price range above RM4.2 that's 6.5%)
2013 bjtoto awarded share holders bonus share 1:45 besides the above stated cash dividend. The EX date for the bonus share was 15thJan. The share price corresponded to the EX date was around 4.20. Dividing 4.20 to 45 shares u get cash equivalent of 9.33cents. Adding 9.33 cents to the above stated dividend u get 27.83 cent. 2013 share price range from 4.05-4.20. U get dividend yield rage from 6.87%-6.63%.
I've picked up shares - all above 3.90. Too afraid to pick up more because market is overall up but toto going south & VT is staying on the side lines.
Small boy !minta maaf,7dy is my expected yield,hopefully bakance 2 quarter can give another 18 sen n based on 4 rm.......hard earned wang raayat,i get 7 la!
My friend selling Toto ticket told me that Toto may start selling WORLD CUP FOOTBALL BETTING this year. If this is true, BJToto profit will increase. BJToto share should go up soon after announcement. So please wait for good news.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
KinSoon Kok
227 posts
Posted by KinSoon Kok > 2014-02-28 18:18 | Report Abuse
2day another last minute sell down. 2mil shares sold at 3.82. Notice that no transaction done at 3.83 - 3.87. Is this a closed door transaction? Bjtoto bought back share?