I am sure bjtoto is a good company that pay s a high dividend to is shareholders and has a monopoly on its license which will be very hard to break our lose. It is the epitome of a company that your lazy nephew could run and still make money.
However, 2 major problems turn me off. 1. In Sabah all 4D gambling has to pay a 10% tax from state government which then reduces the amount of legal buyers and increase the illegal ones. Illegal gambling is rampant in Sabah due to this. There is no guarantee that such a tax would not be implemented nationwide as a source of government fundraising, causing more problems 2. A huge amount of earnings is given out as dividends, meaning not much is left to do business expansion and getting more be source of revenues. So in fact, a pe of 12.5 is more inline with the intrinsic value of bjtoto, if you derive this from the mental model rule of 72, which is a basic compounding simplification. Basically y using time of 72, 72/5.78(interest rate) = ,12.45 you will double you money in 12.5 years. So as it is one of the most safest forms of investing with low risk. The returns are very much clear as day.
Magnum on the other hand, is overvalued.
>>>>>>>>> BJTOTO has double the biz n profits of MAGNUM, so its Price n mkt cap should rightfully be double too i.e. > = 270 X 2 = Dated on: 26/06/2019 4:02 PM
Outside looks clean but inside supreme dusty.. Claimed themselves as star market leader but sadly no power in term of games creativity, efforts against illegal, protecting losing market share..
today news sports toto open outlets at non urban area which 80% of residents are Malay and this has caused dissatisfaction by MP that urged local authority to take action against toto..this company looks like managed by idiot management
heard there've number of outlets ceased operation last year due to no sales n profit especially at small town, this year outlets ceasing might continue, most of punters prefer illegal at non urban areas
Thanks for the info., as far my knowledge that ceasing was mainly at southern small town like segamat...This toto still claimed themselves at official website as 675 outlets, actual quantity was lesser n lesser year by year..
Bad qr reflected incapable management in coping with current market demand and competition..Idiot management and its staff has disappointed shareholders
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
5,883 posts
Posted by freetospeak > 2019-06-30 13:30 | Report Abuse
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