Posted by notebook > 2017-05-20 13:34 | Report Abuse

limit drop 2 day

Posted by Harold Huong > 2017-05-20 14:14 | Report Abuse

Apollo Ang, who is BIG BOSS behind all these illegal outlets?
4D owner?
Lim Family?
Politic Party?
or Malaysian bigger party?
Think Think....ppl buy no need pay 10% tax for West and Sarawak. 15% tax for Sabah
Authority look like blind blind

Posted by TC Link > 2017-05-20 16:20 | Report Abuse

Maybe 1.85 on Monday? Hmm. We will know soon enough.

Posted by paulthesotong > 2017-05-20 16:41 | Report Abuse

Holy moly even the whole BOD are ban to go oversea if I m wrong?

Posted by shareinvestor88 > 2017-05-20 17:54 | Report Abuse

I think share price already discounted for bad news.
Read the annoucement . Tax assessment 2008 to 2011 is beyond time limit ???

Posted by TC Link > 2017-05-20 18:36 | Report Abuse

If the investors are keen to still invest in the Gaming counters, look for BJTOTO then. The dividend payout is somewhat like Magnum's one anyway right?

Posted by Noni > 2017-05-20 18:42 | Report Abuse

BJTOTO scared now, IRB maybe also coming after them.

Posted by TC Link > 2017-05-20 18:46 | Report Abuse

I would feel BJTOTO is clean. Else they would have joined the headlines also. Haha.

Posted by aliyusof > 2017-05-20 18:49 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5432357

Posted by aliyusof > 2017-05-20 18:50 | Report Abuse

Nightmare and share drop will have free fall if lose in above RM470m case!

Posted by aliyusof > 2017-05-20 18:52 | Report Abuse

Monday will be limit down!

Posted by ivan9511 > 2017-05-20 19:21 | Report Abuse

magnum is tipu la. as i always got monitor magnum toto daimacai shops.
be frank to all magnum shops always got more customers than toto and daimacai.
and magnum customers like to play big .
toto only small kaki.
most Chinese big tauke play magnum.
I really feel magnum not honest on it account.
maybe want to save dividend.
magnum boss you did a very big mistake

Posted by sell > 2017-05-21 06:13 | Report Abuse

Sell on Monday. Buy back RM 1.5?

Posted by aliyusof > 2017-05-21 07:59 | Report Abuse

Never play play with Income Tax Depart. RM476m tax claim, what u huge sum!! Kali ini mati lah!

Posted by Alex > 2017-05-21 08:04 | Report Abuse

my dad has been playing 4d for over 20 over years, and yes he prefers magnum. reason? he thinks he can decode

Posted by Alex > 2017-05-21 08:05 | Report Abuse

that small dots inked on the side and the code btm. what????

Posted by cipapo > 2017-05-21 08:55 | Report Abuse

magnum only pay 22.1 million on taxes la....read carefully

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5432357

Posted by cipapo > 2017-05-21 09:01 | Report Abuse

Magnum said that after consulting its lawyers, its board felt there were reasonable grounds to challenge the validity of the notices of assessment raised by the DGIR and the penalty imposed.
It added that there would not be any imminent financial effects on the group as it was seeking to secure a stand over of payment pending the resolution of this matter.

Posted by cherry88 > 2017-05-21 09:04 | Report Abuse

Hi guys, let's digest some news/ info here. Based on last year dividend of 13sen at current price of RM2.10, the yield is 6.2%. Assume dividend moving forward cut down by 50% to say 7sen forever, fair price could be RM1.13 (worst scenario). If we assume Magnum don't pay dividend for only this year (FY2017), and resume dividend of 12sen p.a moving forward, then fair price could drop by 13sen to RM1.97. These are 2 extreme scenario. Let's take an average long term dividend payment of 10sen p.a, then fair value could be RM1.62. So, FV could be in range of RM1.65 to RM2.00.

Tax impact of RM476mil...hmm...these could be 2 years earnings or 33sen per share. This has not booked in as provision in its accounts yet. IF Magnum loss to IRB, we would a knee jerk effect of dropping another 30sen !

Personally, RM1.70 could be a good bet !

Posted by aliyusof > 2017-05-21 10:51 | Report Abuse

Cipapo, that is a very normal standard reply by Magnum board. Look at Country Heights (Tan sri Lee Kim Yew) case.... LHDN is a tough nut to crack.

Posted by BN_menang > 2017-05-21 11:05 | Report Abuse

GE coming and govn need money. Should target more tax from those who can afford to pay. Bravo BN. No wonder can rule for 60 years and beyond.

Posted by aliyusof > May 21, 2017 10:51 AM | Report Abuse
Cipapo, that is a very normal standard reply by Magnum board. Look at Country Heights (Tan sri Lee Kim Yew) case.... LHDN is a tough nut to crack.

Posted by kc888 > 2017-05-21 12:51 | Report Abuse

Lot of uncle and auntie treat Magnum like their retirement fund, will

they throw their share tomorrow?

1.EPS drop


2.No dividend.

3.RM476M tax.

Really pity to them.

Posted by nkk53 > 2017-05-21 18:39 | Report Abuse

black monday!this is the faith of the genuine investors.

Posted by Jeffreyteck > 2017-05-21 18:41 | Report Abuse

How can accounant, auditor and authority can let this happened; It is not MYR4.76. Good luck for all.

Posted by chkhooju > 2017-05-21 19:56 | Report Abuse

Feel sorry for those who have Magnum. Pray for the best.

Posted by Gn021 > 2017-05-21 19:57 | Report Abuse

Name of Company

Years of Assessment

Amount

Magnum

2008, 2011 to 2015

22,713,632.16

Only 22 million ???

Posted by Gn021 > 2017-05-21 19:57 | Report Abuse

MHSB

2008 to 2013

453,751,831.58

Posted by Gn021 > 2017-05-21 19:58 | Report Abuse

the other 453 million is MHSB ?

Posted by Gn021 > 2017-05-21 19:58 | Report Abuse

portion of Magnum is so small

Posted by multi530 > 2017-05-21 19:59 | Report Abuse

jeffreyteck, this is nothing to do with accountant and professional but IRB...

Posted by multi530 > 2017-05-21 20:00 | Report Abuse

last week Country Height, this week Magnum...next week?

Posted by Goinvest88 > 2017-05-21 22:21 | Report Abuse

Hi bro, mhsb is wholly subsidiary (son) of magnum, magnum need to pay as well.

Posted by shareinvestor88 > 2017-05-22 00:48 | Report Abuse

Sell target 50c

Posted by jason_sgx > 2017-05-22 00:50 | Report Abuse

Magnum Bhd announced a double setback yesterday - a decline in first-quarter (Q1) profit and a claim from the taxman.
In a filing with Bursa Malaysia, the numbers forecast operator said it and its unit Magnum Holdings Sdn Bhd (MHSB) were served with notices of assessment with penalty of RM476.47mil from the the Director General of Inland Revenue (DGIR).
The DGIR ordered Magnum to pay RM22.71mil for years of assessment 2008 and 2011-2015 and MHSB to fork out RM453.75mil.

details calls and news daily - http://sgx-nifty.blogspot.in/p/sgx-malaysia-uae-free-trial-form.html

Posted by aliyusof > 2017-05-22 07:37 | Report Abuse

Please go and check on latest accounts of Magnum (cash balance: RM387m) and its parent company MPHB Capital (net cash balance: RM616m, investment securities: RM400m)......wah, very juicy steaks, saliva also flowing out non stop... ha ha ha....

Posted by i4investor > 2017-05-22 08:17 | Report Abuse

guess limit down, but i think is a trap sell... someone want to collect cheap as this is cash cow company...time to taje some

Posted by shareinvestor88 > 2017-05-22 08:21 | Report Abuse

Sell target 50c

Posted by ZeaXG > 2017-05-22 08:50 | Report Abuse

@aliyusof: MPHB Capital doesn't have shares in Magnum le...

http://www.mphbcap.com.my/about_corp_structure.asp

Posted by ZeaXG > 2017-05-22 09:12 | Report Abuse

opening already jatuh teruk, the rush to sell is real

Posted by smartly > 2017-05-22 09:12 | Report Abuse

sapu......

Posted by smartly > 2017-05-22 09:12 | Report Abuse

dont miss the opportunity

Posted by speakup > 2017-05-22 09:15 | Report Abuse

SAI LANG!!!!

Posted by smartly > 2017-05-22 09:15 | Report Abuse

its overdone...

Posted by ZeaXG > 2017-05-22 09:15 | Report Abuse

Most likely IRB will allow a discount to the tax payments and can be settled in installments if Magnum agree to settle out of court.

Posted by speakup > 2017-05-22 09:15 | Report Abuse

BJTOTO PE 13x
MAGNUM PE 17x

SAILANG MAGNUM!!

Posted by OptimusCallMeBaba > 2017-05-22 09:16 | Report Abuse

As old as KYY, half leg to coffin already, hopeless business & counter

Posted by Hk Wong > 2017-05-22 09:16 | Report Abuse

cimb reduce tp to 1.85

Posted by smartly > 2017-05-22 09:17 | Report Abuse

setback is only temporary .....

Posted by Apollo Ang > 2017-05-22 09:17 | Report Abuse

sai thang lah sai lang, negative comments prove rite

Posted by speakup > 2017-05-22 09:18 | Report Abuse

better buy before KYY buy