Don't worry. These are direct deals. VT most likely placed out his shares to the institutional fund managers and that should be good news. The funds bought because they think the stock will perform.
Bizurai Bijak disposed of 15,495,000 shares at RM3.20 on 8 Apr 2014 and have since ceased to be a substantial shareholder. This announcement was only released on 17 May...
One impact is that Bizurai as a result of ceasing to be a substantial shareholder, need not per se disclose it's dealing. But I think despite this, any dealings by Bizurai would still require TVT's disclosure since it would impact his holdings as a substantial shareholder.
I speculate & hope that the motive is that Berjaya Land (& its 100% subco Gateway) sold the stakes to raise cash rather than it did not see value or it's jumping off a sinking ship.
Berjaya Land afterall incurred losses for the FY 2015 and has huge borrowings to service. Does it make sense?
Still many many queuing sell...so am I...tp2.30 will start buy In...this is how VT play a fool wz ikan bilis...play wz this old man counter need patience and No rush...next week if UK divorce EU..hahaha more jialat will coming...harimau also can buy below6.50 lo...kikiki
BJToto has also been dead quiet for a long time. No announcement of their corporate plan, review of prospects etc. With its share price falling and on down trend for so long, it is really a turn off to retail investors.
This counter will keep dropping...even VT also sold off much possible below 2.88...look at the sell volume...then u know ...2.80..2.70..2.50..2.30...then vt will buy back lo...u think now he lost a few millions sell juz to pull down the price...don buy now let it slash down down down...
Mamatede - agreed that the govt is stupid to increase taxes on this business but the bigwigs are more intelligent to allow this to happen because I suspect (though without proof) that some of them may have their grubby hands in the cookie jar.
It may not have sovereign funds but it has 2 of the largest insurance companies with significant stakes.
It wont kill the golden goose...but will definite make yr life difficult n the end trf license to their cina kaki ....all tun M kaki will suffering including lee ky,VT as well...no good future for Toto lo..
If he gives it to his crony then it should rightfully compensate at fair value. The trouble is that market value is the best indicator of fair value. At such depressed prices, the new owner can buy it for a song.
Naturally we the existing shareholders will be the losers.
Yes...tat's VT keep disposed Toto...alternatively...govt used third party hand buy in low price star from 2.85..2.75..2.55..surely month end dividend announce will b lower compare b4...or even keep shut mouth no more dividend....don get in trap!
What are the equivalent business of BJToto in developed countries, e.g. Singapore,Hong Kong, Taiwan, Korea, US etc? How are these business doing? That would probably give you an indication of the future of BJToto.
All fact juz look are how VT n kaki keeping disposed all his company share...bj is lowest..bjfood more worst...bjauto oledy sold..next down trend will b bjtoto....run!run!run!b4 too late...but it will taken over by pm other kaki...if able hold tight 3-5yrs then is ok otherwise better buy for others stock lo...vt punya better avoid it lo!!!pls read all fact urself!!!
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....
chai3440
10 posts
Posted by chai3440 > 2016-05-17 12:32 | Report Abuse
tq Sheldon