Yes. The last q div determine the fate of this share. Int rate hike make fixed income securities unattractive. Unless toto can continue its 7% div yield, there is not much hope for share price hike.
KinSoon, the worst it happened before was in 2002 where I accumulated most of my BjToto shares. It took almost 1 year to recover. It was due to the huge intercompany loan to BjLand (the substantial shareholder make use of BjToto cash) & foreign funds were unhappy & dumping the shares.
Last year 18 Jun, they announced 4th qtr results - profit fell RM16m & a pathetic dividend of 4 cents. This year 18 Jun, Jupiter will change house from Gemini to Cancer. What will be the impact? Another reduced profit & poor dividend? Management is v quiet. Whatever it may be, I'll make it to the AGM, get my umbrella door gift & some free food to raise my yield!
According to the papers, 2nd casino in Pahang probably will not be approved. Anyone have any news regarding the sports betting issue? This year only games enhancement and nothing much
SH Quah,what happened to the big announcement regarding some new game etc? So far nothing new except Tan Sri reapplying for casino licence in the papers. Do you have any updates from your sources.
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....
armadasaxon
883 posts
Posted by armadasaxon > 2014-05-28 11:07 | Report Abuse
my guess oso 6 sen