Though lesser draw will definitely mean lesser revenue, how much profit contribution from special draw is more important than revenue alone.
If not mistaken, heard during one of the AGM, it was mentioned margin for special draw is smaller due to higher contributing tax to special draw permit. Anyone to comment ?
Lesser draw will not nessary means lesser revenue....it will in crease revenue per draw n reduce payout per draw...as 3 days is the optimum number of draw...gamblers wil, be happier coz they can bet more on lesser draw...rather than bet little on more draw...
If u giv too many draw..gamblers will complain coz they got not enuff money n they will fear their number will open if they dun buy...now they bet more on normal draw to hit big...
Thats why i say bn dun wan remove the special draw becoz thats where they earn bigger share of profit....n now i am convince why tkp becom chairman of bjtoto n lge is helping him improve nfo profit...lol...becoz punters will b buying more normal draw now...
xiong87 - This is my waterloo with my average cost @ 3.65, I'm sitting on massive losses. I'm personally worried that even at this level, the co has not stepped in to buyback shares.
However the quarterly dividends is like a balm that soothes the losses a little. If you want some excitement in life then go for more!
from 4.02 to 2.22 .. price almost halved and i think its already reach bottom... 7 percent dividend yield...i think its worth to buy and keep at this price,,,good luck guys ..
bottom reach when all the bad news are announced including the one that will be announced in the coming Budget regarding the reduction in the number of special draw
Hopefully, bjtoto will acquire the gambling biz in Sarawak from bjassets. Just pay in cash or cash plus non-gambling assets of bjtoto... Become a pure gambling group :)
psbet and abs33 payout higher than legal outlet, easy buy,payout high, all aunty and uncle also prefer buy at online , psbet berhad and abs33 berhad is the best,
i see all psbet and abs33 agent all can drive vellfire,alphard just sell online 4d, no need rental shop and workers to run 4d safe cost, psbet and abs33 sell 7 company 4d under one roof, 1 stone can kill 7 bird
2018 still got ppl drive to shop and queue up to buy 4D ? for those buying for jackpot i understand as ppl also worried the illegal punter will run away.. but most ppl that buy normal 4D will now go to those illegal gambling operator as its much convenience instead have to drive to each of the shop. Its time SportsToto Magnum and Pan Malaysia need to work together with authority to enable the online betting system(yes currently only damacai provide that). If the 3 giant company can provide a hassle free online betting, i guess there's still hope.
Like our country ATM.. With MEPS, u can withdraw from any bank that using MEPS. 4D should be like that too.. Enable online betting + 3in1 shop(1 stop to buy sports toto,magnum and damacai) .. Kolanfirm win win solution for government(in term of tax) and company(profit)
I asked the board's opinion as to whether there'll be any additional taxes this coming budget. They said unlikely as the business is already struggling and existing taxes are heavy. Lamented about the usual illegals. Members shared some views on this including lobbying together with other NFOs.
The new CEO is not that articulate & some members don't seem to have a good opinion about him. However he comes across to me as someone who understands the business well.
One sharp member pointed out in the notes to the accounts where it was revealed that the directors paid about RM6m+ (0 previous year) on special bonus. They forgot to explain as they were inundated with questions.
If cut special draw next year, assuming cut 20% of dividend to RM0.13 with RM2.01, still have 6.36% dividend.....buy more....so far accumulate 30,000 share... more to add
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....
freetospeak
5,867 posts
Posted by freetospeak > 2018-08-07 17:17 | Report Abuse
Lge is alway illegal gamling friendly ...look at penang..highest illegal gamling rate