GST coming, people want to make more money therefore will place more bets. Think positively. This counter paying good dividends and Tan Sri Vincent Tan is accumulating stocks.
Strong cash flows. 1 thing for sure is people will continue to bet more in difficult time. Economy prospering, less people will bet but go to casino. I entered at 3.37 and offer premium of 2 cents because i am confident on Tan Sri Vincent Tan
if more talk rubbish like RM 2.00 , we may have a chance to buy cheaper ....If Bjtoto is RM 2.00 , the others will be correspondingly affected , some may even masuk longkang!
nltong - what you say makes sense for e.g. that loan to BLand. Btoto did get the money back when BLand issued RM900m exchangeable bonds (into Btoto shares owned by BLand). The public frowned on this related-party deal. His internal dealings leave much to be desired.
Among his diversified group of companies I think Btoto is the relative jewel in the crown.
Retnam, agree with u.. I also treat it as good counter but I Start feel uncomfortable due to : 1) VT is a big big fox.. I personally feel he won't care too much on price dropped cause he is 庄家,进可攻,退可守。。if price continue dropped, he will continue buy or even privatize it on right time(I agree with limayseng opinion, but they can delisted n re-listed like what Ananda Krishnan did. Ananda always offer good price to shareholder but VT?).. Not like us - limited time n bullet.. we don't know it's bottom price.. 2) his second generation ability good enough? I feel buying share is actually buying CEO ability.. 3) CEO did admit HR OWEN profit margin is low, is it right acquisitions? What happened to Bjtoto share price if it losing money in future? 4) core business - GST impact hopefully is short term but anyway undeniably GST has cut its profit margin.. I think most impact is from illegal "black market"..
Abovementioned is why I said regretted.. Cause my investment in REITS is much better.. Anyway, i hope their project in Vietnam will come true n fruitful cause I am Bjtoto shareholder too. Of course I hope share price will rebound n gv me chance to "run away".. My point of view not asking anybody not to buy it but just intended to share my mistake n buy it after consider thoroughly(三思而后行)。。cause they may got some other better choices in KLCI market..
Rich - I would not agree privatisation at such a low price. TVT has the means to drive the market down further if he wants to e.g. by issuing bad news, negative prospects, holding back on dividends etc. It may be opportunistic for e.g. to offer privatisation when he's optimistic on the Philippine's concession.
Then when he actually privatise, he will start at a very low base and take the entire Co for a song (as nltong said). Shareholders burn lah. This is just a scenario I'm imagining. Perhaps I'm paranoid.
Actually for me I do not see any good size from this counter. As limayseng keep mentioned price low good entry point. However I am wonder "what is the lower price" since it everyday also lower despite good dividend, share buy back etc.
ie if someone that plan to invest for long term, they buy when the price RM3.80, now Rm3.34; will u still telling them GOOD INVESTMENT? Price low buy somemore. Can u imagine the drop in price cant even cover by the dividend given. Thus is still worth to invest in this type of company?
I means use logical thinking. Thus anyone can guarantee the price will not go lower? NO right. So if the cake so nice y keep cheap sales? Should be something wrong.
Saw VT and his brother Danny Tan at Johor Sultan Ibrahim coronation day in Star today. Perhaps VT should consider open a casino in JB instead of Bukit Tinggi? His arguments-provide employments, boost tourism in JB.
Tsuto - I sold all my Btoto shares at > 4.40 after it announced the trust set up in Singapore as I felt that there would be some dilution. If you double check at the Bursa website on the price trends, you'll see that it had hit such highs within the last 5 years.
Then I went in again from just over 4 all the way down.
If you believe in safety in big names then you can rest easy as AIA & Great Eastern hold big stakes in the Co - based on top 30 shareholders.... Unless of course they have been the ones selling.
if u feel this counter is no good at all, please sell...........................n many r waiting to buy...at this low price given that it never fail to pay a decent dividend unlike other blue chips which pay good div one year but no more the next year or nothing at all....kaput....
take div first ....why sell when u r getting div n also its price is the lowest so far...may be another sp div or bonus declared when VT wanted to take private....?
Gd pm! Buy n read The Intelligent Investor by Graham. Plus Common Stocks n Uncommon Profits by Fisher. Read the Essays of Warren Buffett, then U will understand d stock market or 'Mr. Market' better in an unorthodox ways.
At RM 3.00 and div is 23.5-26.5 c , where it gives a return of more than 7% , equivalent with EPF , why not? I other Blue Chips shares , u may not get the same or equivalent returns like this one! In good or bad times....
Certain parties might keep on emphasizing on the short term threat of GST in order to facilitate deal that is favorable to them. If you are the appointed party, would you do something to make sure the deal can be successful? Anyway, a corporate have survived for decade will be smart enough to overcome such a threat.
Gd lunch break! At present momentum investor/mutual-fund investor, got spectacular results, so they attract more investors to mutual funds n bcz of low interest money markets. More than 75% are speculators, want to earn quick $, n play a big role in this financial drama. All the value-oriented managers are vindicated, some resigned. So some outstanding companies, the price are beaten down. U need to take advantage of 'Mr Market', u need to know what to buy, when to buy and also what to sell n when to sell. Don't get emotional or panic-stricken wz 'Mr Market'. Happy investing!
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....
rlch
4,140 posts
Posted by rlch > 2015-03-23 09:58 | Report Abuse
Meaning BJ Toto fair value should be over RM4.20 if follow VT buying price?