Bjtoto has been trading RM 4.00 b4 ......so the chances to break RM 4.00 is very strong ....and with the TP @ 4.25 given by Kenanga , it will be of great expectations by many....the other plus factors r that the major shareholders r collecting more each day.....I think something good is forth coming...good div or bonus shares????
Even today's valuation at about 3.53 is a good buy yielding > 7%.
The 2 points of concern are :
a) the GST (as mentioned above) &
b) How HR Owen acquisition will pan out. If the Mat Sallehs have for years a tough time getting the Co in shape, I don't think our Toto guys can make any positive radical changes.
limay we shall c..what the point of getting bonus shares?..after that price drop..seem like u r new..lazy explain..price from 2008 rm4.90 until now 2014 is 3.50..1 year dividend =rm0.24..0.24x6 year=rm1.44.......rm4.90-rm1.44=rm3.46..so u dream will go to rm 4.25 la.
if u bought at 3.46 , u still make some coffee money even at this price without div 6c , if u choose 6c div after ex , u may end up getting more later ...good or bad times but gambling still shine brighter each day!
As long as Supreme 6/58 which about RM40mil still there, then it revenue & profit (assume luck factor is normal). Will further accumukate if price drop further.
TP rm3.18 http://klse.i3investor.com/blogs/kltrader/69558.jsp retnam:VT sold a big chunk > 4.6m cum dividend. Something negative maybe when he sold so cheap without waiting for the div?? Negative: GST will cut NFO earnings by 10%.
Comment from kltrader: Going forward, the GST will force gamblers to further reduce their bet sizes AND serve as an additional tax to the NFOs. We estimate the GST will cut NFO earnings by 10%
For me good shares come with good dividend yield and continued increase in share price. This only consider GENUINE yield of return.
it. if u put into FD, if u opt for capitalised interest u will see ur capitalised will be growing each year.
But this BJToto have to see this case of thing happen year by year? I guess NO. It only depreciate year by year. Simply logic if ur dividend yield are good it will attact more people to invest in your company, then it will result in capital gain (share price rise) as well.
Even in bad case scenario say dividend drop to 20sen a year. Is the yield worse than FD? No wonder VT bought more than he sold past few months. Present price is good enough to support even dividend drop to very unlikely 12sen(meaning EPS a qtr 3-4sen).
No share price increase is even better for buyer who see long term value in the company. We don't buy a share after huge increase in share price.
I also suggest BJ Toto should buy back share at present price even if this mean forgoing dividend.
co level and VT himself had initiated on-going buy back ...just checked the transaction details ....noted in the chart...if really bad , I don't think the co and VT himself will buy more....at this hour....Those who laughs last laugh longer....
17th Mac last year declared bonus shares....1 for 43....how about this coming 17th Mac 2015...??? see this...17 Mar 2014 BJTOTO Share Dividend 1 Treasury Share : 43 Ordinary Shares 14 Apr 2014 - 16 Apr 2014
BToto looks delicious at 3.38. Unfortunately quarter ending 31 Jan is the last to enjoy absence of GST.
I usually count the number of patrons whenever I pass by a Sports Toto outlet. Usually I noticed if Toto is next to Magnum, more patrons will be at Magnum. Does any of you agree with me?
A few days ago I was pleasantly surprised a lone Toto half shop outlet at Hartamas had a rather large crowd - about 14.
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 > 2015-01-22 20:45 | Report Abuse
u dreaming got 4.25 and dividend ah?