Kinda sad...If BJToto's result keep the same as the last quarter(i.e. eps 4.33 & 4c div/share), then the annual DIV yield will be revised 'downgrade' to 4.8%(based on RM3.30/share) only.
I heard in the BFM channel today about government cracking down on illegal gaming - that's a good start perhaps long overdue. I hope it just does not remain an announcement with no follow-up.
Gaming stock not safe???? Laugh die me....ha ha ha. The only time not safe is when all people stops buying toto. Try to go to the toto shop and ask those who buy toto to stop buying and see what you get....ha ha ha.
The "black market" is one of the biggest challenges being faced by the NFOs.
For sure, most gamblers will continue betting, but more and more gamblers are going for "black market" now. They can easily place their bets through online in "black market".
When the taxes, rental & the operating costs getting higher, and the ppl getting "busier"(or maybe "lazier"), it's time for the gov. and NFOs to cooperate together and allows the legal NFOs to start their online operation. Otherwise, while the gaming industry is still safe, it might not same case for the legal NFOs.
actually the black market also buy from NFOs to reduce the risk. like reinsurance. if some of the numbers very hot, they will buy from the NFOs to reduce risk.
i thought so too. In fact I raised the question to the board a few agms ago as to whether in their opinion, Toto is a defensive or recession-proof business but they were non-committal.
At 3.04, the dividend yield is 6%. So it's still better to hold the shares at this price than putting it into an FD account. Looks like anything lower is worth accumulating.
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....
mamatede
3,950 posts
Posted by mamatede > 2016-03-21 13:26 | Report Abuse
Fair price less than RM3.