Posted by cherry tomato > 2014-03-16 15:19 | Report Abuse

high dy also can cover the loss unless can accumulate more to average down the price.

Posted by retnam > 2014-03-17 10:12 | Report Abuse

I hope after the buying, they will still have enough for cash dividends. Do you think they can declare 8 cents?

Posted by armadasaxon > 2014-03-17 12:58 | Report Abuse

impossible football betting can be legalize..

Posted by SHQuah > 2014-03-17 13:29 | Report Abuse

I heard Football betting is legal in Singapore, Why can't Malaysia.
BJToto has been applying for quite sometime.

Posted by jpleow > 2014-03-17 19:13 | Report Abuse

Singapore is not an Islamic country, there is no party like PAS who would like to ban gambling! Beside PAS, there are also other Islamic groups who would like to do the same.

Posted by neohts > 2014-03-17 19:43 | Report Abuse

17/4/2014 - Share buy back 14,400 shares
14/4/2013 - Interim dividend Ex-date
Third interim dividend via a share dividend distribution of approximately 30.68 million Treasury Shares on the basis of one(1)Treasury Share for every Forty Three (43) ordinary shares held, fractions of Treasury Shares to be disregarded.

Posted by kkng0819kk > 2014-03-17 20:25 | Report Abuse

19.5 dps for yr 2014 so far!looks like 7dy for 2014 can be achieved easily.

Posted by jpleow > 2014-03-18 10:20 | Report Abuse

neohts, there are error in your date, should be:
17/3/2014 - Share buy back 14,400 shares
14/4/2014 - Interim dividend Ex-date

Shares dividend, it's more psychological since the % of shares for each shareholder remain the same, just like bonus issue.

However, if next time the same number of sen per share cash dividend given, you'll have slightly more total dividend due to slightly more shares. :-)

Posted by Leesk > 2014-03-18 10:37 | Report Abuse

should use the cash to buyback more shares to support the share price.since it is low

Posted by retnam > 2014-03-18 12:50 | Report Abuse

Share dividend = Left pocket to the right. After all its efforts in accumulating treasury shares which has positive impact for EPS, it distributes - a waste in my opinion. Looks like statusquo.

Hence share price hardly budged. If B.Toto had declared dividend say 8cts, the share price would have certainly increased

Posted by neohts > 2014-03-18 13:44 | Report Abuse

The dividend is 9.5 cts

Posted by kkng0819kk > 2014-03-18 13:59 | Report Abuse

Share dividend does not involve cash pay out,the com can use the cash meant for cash dividend to buy more treasury shares

Posted by jpleow > 2014-03-18 14:40 | Report Abuse

The share dividend is from the treasury shares accumulated from earlier share buy back, the value of the share dividend is based on the average cost of the share buy back which is RM4.08 as at 16 March (see section A4, page 8 of Jan14 quarter report). (4.08 / 43 = 0.095)

Posted by retnam > 2014-03-18 14:42 | Report Abuse

More shares in the hands of shareholders instead of treasury means more mouths to feed hence less dividend per share.

Going forward, expect less dividend per share, lower EPS hence lower market price.

Posted by Leesk > 2014-03-18 15:00 | Report Abuse

Btotal may have use the cash to buy other investment like redtone shares and investment in england??

Posted by jpleow > 2014-03-18 15:03 | Report Abuse

retnam, don't worry too much lah. The effect is negligible since there is only 43/44 dilution, ie 2.27% less only. :-)

Posted by jpleow > 2014-03-18 15:10 | Report Abuse

Leesk, no, that's Berjaya Philippine who bought redtone & H.R. Owen. Berjaya Philippine is a listed subsidiary of BjToto in Philippine.

Posted by KinSoon Kok > 2014-03-18 17:19 | Report Abuse

Jplieow, u sounds like a die hard fan of toto. How long have u been holding toto share? Would u mind sharing wit us your avg price up to date?

Posted by neohts > 2014-03-18 18:09 | Report Abuse

18/3/2014 - Share buy back again - 301,500 shares
Between $3.88 to $3.92

Posted by Leesk > 2014-03-18 18:14 | Report Abuse

Although Berjaya Phi, it is still a subsidiary of Btotal and may use the money from Btotal. That money can be used to pay dividend.. i am not sure what is the purpose of the investment as it is not core business of Btotal.

Posted by KinSoon Kok > 2014-03-18 18:37 | Report Abuse

Toto doesn't have growth prospective. U won't have a nation that have increasing tendency in 4D and jackpot. Tats way Toto profit doesn't show growing trend. The only way to have growth is to venture into other business.

Posted by KinSoon Kok > 2014-03-18 18:54 | Report Abuse

There r 2 foreign institutions in toto top 30 share holder list. Just wonder if we can get infor if they involve in heavy selling.

Posted by jpleow > 2014-03-18 19:34 | Report Abuse

KinSoon Kok, I accumulated most of my BjToto shares when it drop sharply in 2002 due to intercompany loan issue, with an average bought price of around RM3. After that I sold around 16% of it when its price rose & hold the rest until now. So far I have received so much dividends & capital repayment that my net cost (total buy – total sell – total income) is negative years ago.

Posted by KinSoon Kok > 2014-03-18 19:43 | Report Abuse

:)

Posted by kkng0819kk > 2014-03-18 21:48 | Report Abuse

Juat announced share dividend and drop again today!

Posted by retnam > 2014-03-18 23:58 | Report Abuse

jpleow, although % of share bought back is small, it involved a huge cash outlay - a big drain on cash hence difficult to pay dividends. Today BToto buy some more shares, restarting their campaign - tiresome indeed.

KinSoon Kok - agreed on the growth perspective since the cash flows are rather fixed. However cash flow & growth can increase with inflation - do the math if cost of tickets and winning prices are raised by 10%, profit will also increase by 10%. Saw HROwen financials - it's barely making money.

Agreed with Leesk, now all of a sudden we are exposed to the luxury car market which we did not bargain for. Perhaps next would be construction business?? Money could have been pumped up from Berjaya Phi and then to B.toto shareholders through dividends.

Posted by neohts > 2014-03-19 08:50 | Report Abuse

http://www.nst.com.my/business/nation/alliance-keeps-buy-on-berjaya-sports-toto-1.520286

ALLIANCE Research is maintaining its "buy" call on Berjaya Sports Toto Bhd (BST) with an unchanged target price of RM4.35
Today paper

Posted by retnam > 2014-03-19 16:07 | Report Abuse

Anybody know how dividend of 9.5 cents is arrived at?

Posted by alenac > 2014-03-19 17:59 | Report Abuse

based on total buyback cost of the number of shares distributed

Posted by alenac > 2014-03-19 18:27 | Report Abuse

British economy recovering helped sales in HR Owen

http://www.cityam.com/article/1390266237/hr-owen-shares-motoring-car-sales-increase-more-hoped

Posted by alenac > 2014-03-19 18:33 | Report Abuse

why VT buys HR OWEN

http://www.gmanetwork.com/news/story/328261/economy/companies/berjaya-philippines-hopes-to-bring-h-r-owen-biz-model-to-asia

Posted by neohts > 2014-03-19 19:55 | Report Abuse

Share Buy back - 19/3/2104
138,700 shares between $3.91 and $3.92

Posted by neohts > 2014-03-19 19:55 | Report Abuse

sorry 2014

Posted by KinSoon Kok > 2014-03-20 11:45 | Report Abuse

That old man is obsessed with luxurious lifestyle. He is going to buy a yacht company latter. Haha.......

Posted by neohts > 2014-03-20 13:48 | Report Abuse

Old man is only interested in England Football team and World cup betting in England and Singapore.

Posted by neohts > 2014-03-20 18:08 | Report Abuse

Share buy back agian - 277,500 shares - There must be some reasons.
20/3/2014 - $3.90 - $3.91
Maybe some good announcement soon.

Posted by Kenny Heng > 2014-03-20 18:42 | Report Abuse

why the share just don move?? any insider news ?? o.0

Posted by KinSoon Kok > 2014-03-20 20:41 | Report Abuse

If they continue buying share like this most probably we will get share div again.

Posted by neohts > 2014-03-21 07:48 | Report Abuse

Waiting for approval for some new betting soon......cannot announce yet before finalise.
Something BIG if can get approval.

Posted by retnam > 2014-03-21 10:07 | Report Abuse

I wish that B.Toto can be like Batu Kawan. They buy-back shares slowly but surely. They never sell them back or give out as dividends. To date 5.93% has been bought back.

At low interest rate, that's the best thing to do. It has after all issued bonds (despite being profitable)

If treasury shares in B.Toto can reach close to 10%, then we will have a lot of dividends (& capital gains) to enjoy.

Posted by neohts > 2014-03-21 10:51 | Report Abuse

Retnam.....you mean the share buy back can convert to dividends for share holder ?

Posted by KinSoon Kok > 2014-03-21 13:16 | Report Abuse

The best way to increase ticket sale is to put sexy girls at the counters. I can assure u the black market 4D will be out of business.

Posted by retnam > 2014-03-21 15:46 | Report Abuse

Neohts - with more shares locked up under Treasury, they could over time pay more dividends per share

Posted by neohts > 2014-03-21 19:11 | Report Abuse

21/2/2014 - Share buyback again - 382,700 shares between $3.88 - $3.90
Total accumulated 32,828,972 shares.

Someone working in Sport Toto told me there will be announcement soon pending approval. Something they all have been apply for long time. Once approve, BJToto share will fly very high.
That is why BJToto always share buy back. So please hold on and don't sell.

Posted by retnam > 2014-03-21 23:14 | Report Abuse

Neohts - I hope your rumour becomes a fact.

Posted by nightrader > 2014-03-22 11:02 | Report Abuse

share dividend 1:43 but price still flat

Posted by JKoh > 2014-03-22 11:51 | Report Abuse

kok kin soon, your sexy counter girls assumption is just as nasty as your structural analysis :)

Posted by KinSoon Kok > 2014-03-22 13:58 | Report Abuse

Who r u? Identify yourself.

Posted by kkng0819kk > 2014-03-24 09:38 | Report Abuse

Hi-jkoh.pl treat kskok 's counter girls as a joke!just be cheerful and live longer!

Posted by neohts > 2014-03-24 13:47 | Report Abuse

Share buy back again 03/21/2014 - 382,700 shares between $3.88 - $3.90.
Total accumulated - 32,828,792 shares....estimated cost $128 millions.
There must be a reason why non stop share buy back?