Posted by jpleow > 2013-08-18 17:32 | Report Abuse

For a high dividend yield stock like BjToto, you need to consider the dividends given in the past when looking at the current price.

Usually the price goes up before the dividends Ex then it will be adjusted down for the dividends given.

I just like to give you a clue of what is the 'real' price of BjToto after you add back all the previous dividends:

Let’s consider dividends given in about 4 years:

Ex date, net divd (RM) or share divd:

16/7/13, 0.04
12/7/13, 0.08
15/1/13, 1:45 share divd
5/10/12, 0.065
19/7/12, 0.05
9/4/12, 0.06
4/1/12, 0.08
6/10/11, 0.08
8/7/11, 0.03
21/4/11, 0.06
14/1/11, 0.04
6/10/10, 0.08
2/7/10, 0.08
13/7/09, 0.11 + 0.19 + 1:14 share divd

Based on 16/8/13 closing price of RM4.20,
The 'real' price =
4.20*(46/45)*(15/14)+(0.04+0.08+0.065+0.05+0.06+0.08+0.08+0.03+0.06+0.04+0.08+0.08+0.08+0.30) = RM5.725

Posted by jpleow > 2013-08-18 17:50 | Report Abuse

Correction:
12/7/13, 0.08
should be
12/4/13, 0.08

Posted by nightrader > 2013-08-18 22:30 | Report Abuse

more important to me is after sgx listing our dividend will go up or down since hv 80% share only?

Posted by jpleow > 2013-08-19 16:23 | Report Abuse

Yes, this is a main concern. However, the 40 to 45 sen special dividend is equivalent to 1.5 year of dividends, it should compensate for the earnings dilution.

After that, we should see how they propose to distribute the remaining STM Trust shares after secondary listing. Are they going to distribute all of them & privatise BjToto with SCR (Selective Capital Repayment), ie with repayment in STM Trust shares + cash? Or are they just distribute STM Trust & maintain listing status of BjToto (may need to inject new assets later)?

Personally I would prefer SCR & holding STM Trust directly since a Business Trust can pay dividends with its cash flow & hence should have a higher dividend yield. If they maintain the listing status of BjToto after distributing STM Trust, I may sell BjToto & invest directly in STM Trust.

Posted by Sapphire > 2013-08-19 19:21 | Report Abuse

london bridge is falling down??

Posted by Kutty123 > 2013-08-21 15:51 | Report Abuse

drop to 4 pls

Posted by SJaladdin > 2013-08-21 16:21 | Report Abuse

wont drop to 4

Posted by Kutty123 > 2013-08-21 16:24 | Report Abuse

no drop to 4 how to buy in?

Posted by rlch > 2013-08-22 09:30 | Report Abuse

Why keep dropping?

Posted by shirley1 > 2013-08-22 11:53 | Report Abuse

consider good already, can withstand the storm..

Posted by jpleow > 2013-08-22 13:22 | Report Abuse

It's a defensive stock, also recession proof (when poor, people want to gamble more :D).

Beside affected by broad market sentiment, it's also affected by government 2014 Budget to be announced in Oct. Usually gaming stocks drop before Budget on worries that gaming tax will increase. However, if gov increase tax on NFO, legal operators will lower the winning prices & then more gamblers will switch to illegal operators & gov may ends up receiving less tax, hence not very likely.

Posted by Kutty123 > 2013-08-28 10:46 | Report Abuse

tomorrow cheaper

Posted by Kutty123 > 2013-08-28 11:48 | Report Abuse

rm3.20 soon

Posted by hng33 > 2013-08-29 16:28 | Report Abuse

Bought BJtoto at 4.00-4.01

Posted by nightrader > 2013-08-29 21:59 | Report Abuse

budget fears for gaming tax

Posted by armadasaxon > 2013-08-30 12:31 | Report Abuse

sure kena the tax 1...time to take back after giving.

Posted by Kutty123 > 2013-08-30 17:02 | Report Abuse

bjtoto tak laku anymore..magnum is mali

Posted by lching > 2013-08-30 17:14 | Report Abuse

past 3 years move between 4 to 4.50, very stable.

Posted by armadasaxon > 2013-09-03 12:46 | Report Abuse

lol..4.5..dream ya..

Posted by timl > 2013-09-05 20:39 | Report Abuse

its a stock for DY, dont expect a lot of capital gain.. but a recession proof stock is good to reduce the risk of ur portfolio :)

Posted by nightrader > 2013-09-07 10:32 | Report Abuse

how much special dividend to expect from listing in sgx ?

Posted by alenac > 2013-09-07 15:29 | Report Abuse

BRIM 3 coming up BJtoto certainly make more. % of poor people "tikam" is greater from extra and free money from Government.

Posted by Lim AS > 2013-09-09 12:39 | Report Abuse

yes recession proven stock but lacked capital gain....

Posted by USApg > 2013-09-10 11:24 | Report Abuse

what mean combined interest...Berjaya corp or Berjaya land

Posted by Lim AS > 2013-09-10 12:26 | Report Abuse

the problem is the jackpot will take all the earnings way when things turned bad or other reasons untold

Posted by malaysiaboleh > 2013-09-16 22:44 | Report Abuse

move to magnum ..

Posted by alenac > 2013-09-16 23:26 | Report Abuse

BJtoto is the lifeline for Vincent's 2 companies namely BJcorp and Bjland. Without BJtoto, the 2 other companies would have disappeared a long time ago. Bjtoto as compare to Magnum offered consistent earnings.

Vincent would not have his English football club, Beijing Great Mall and Jeju Island resorts without Bjtoto consistent earnings for the past few decades.

Posted by Titicamara > 2013-09-18 18:45 | Report Abuse

WHy is it suspended?

Posted by USApg > 2013-09-18 19:00 | Report Abuse

possible a dual listing in Singapore and Malaysia...

Posted by alenac > 2013-09-18 22:01 | Report Abuse

Possibly,if I am not wrong, JR Owen Ltd, UK listed co taken over by BJtoto's Phillipines Sub. JR Owen is in luxury car sales in the UK. Berjaya Phillipines is also involved in Mazda car sales in the said country. Look's like BJtoto will eventually be involved in Global auto business as potential is huge and BJtoto can afford the high capex that comes with the business.

Posted by regnig > 2013-09-19 11:58 | Report Abuse

What time the news will be released today?

Posted by SJaladdin > 2013-09-19 11:59 | Report Abuse

is time for magnum

Posted by regnig > 2013-09-19 17:18 | Report Abuse

Got special dividend?

Posted by smartly > 2013-09-19 18:22 | Report Abuse

dividend in specie, ratio of 21 STM to every 10 BJTOTO held.

Posted by Titicamara > 2013-09-19 18:25 | Report Abuse

Special dividend will be reduced to 0.12-0.15

Posted by alenac > 2013-09-19 22:05 | Report Abuse

14000 ord shares get unit trust of 29400, anticipated yield of unit trust at 6.7% or hopefully same % distribution, much better than FD. Possible value of RM1.20 per unit. BJtoto will retain 2 billion unit trust as investment. In additional it has properties in Times square and business in Berjaya Phillipines they are gaming,motor vehicles business including UK and Redtone shares. Going forward BJtoto anticipated divi could be around 16 sen or 4 sen per quarter.

Posted by rlch > 2013-09-22 21:30 | Report Abuse

When can BJToto reach HwangDBS TP RM5? Market near record high but BJToto still move like tortoise.

Posted by hepitrade > 2013-09-22 22:01 | Report Abuse

so nid to hold long for bjtoto if buy tomorow?

Posted by rlch > 2013-09-22 23:21 | Report Abuse

Jan'14 or Feb'14 target date STM dual listing in Bursa Malaysia after their listing in SGX expected end Oct'13 or early Nov. Each shareholder can get 2.1 STM for each BJToto held.

Posted by jpleow > 2013-09-23 12:22 | Report Abuse

Secondary listing on Bursa Malaysia is expected to be completed by 3QCY14.

See attachment of announcement on proposed dividend-in-specie on 19/9/13, page 9, sect 10, ESTIMATED TIMEFRAME FOR APPLICATIONS TO AUTHORITIES AND COMPLETION: "Barring unforeseen circumstances, the Proposals are expected to be completed by the third (3rd) quarter of 2014."

Posted by nightrader > 2013-09-25 13:20 | Report Abuse

long wait still

Posted by Sapphire > 2013-10-03 14:16 | Report Abuse

toto become bear bear not ninja turtle..

Posted by profit profits > 2013-10-17 08:40 | Report Abuse

huh, listing in singapore, so do those of us holding bjtoto need to have account in singapore ? (this company unclear details will scare some apek ama to sell what they hold)

Posted by jpleow > 2013-10-17 19:37 | Report Abuse

Read backward in this thread for earlier postings & you'll know the answer!

Posted by alenac > 2013-10-17 19:49 | Report Abuse

According to people in BJtoto, upon secondary listing in KLSE that BJtoto will distribute the business trust units so that it will appear in your CDS accounts. In the mean time 80% of the units will be retained by BJtoto and hopefully dividends will still be ongoing via BJtoto on listing in Singapore till distribution to shareholders.

Posted by jpleow > 2013-10-18 08:37 | Report Abuse

Under the proposed revisions announced on 19/9/13, BjToto holding of STM-Trust will be 86.54% to 87.58% after primary listing in S'pore.

See pg 3 of the announcement:
"With the Proposed Revisions, the BToto Group‟s interest in STM via its unitholding in STM-Trust would be diluted from 100% to 87.58% and in the event of full exercise of the Over-allotment Option, the BToto Group‟s interest in STM via its unitholding in STM-Trust would be further diluted to 86.54%, instead of 79.54% as originally intended upon completion of the Proposed Listing."

Posted by Kutty123 > 2013-10-18 17:07 | Report Abuse

wah, very very bearish!

Posted by jpleow > 2013-10-19 12:05 | Report Abuse

BToto on track to list subsidiary on SGX at end-November
http://www.thestar.com.my/Business/Business-News/2013/10/19/BToto-on-track-to-list-subsidiary-on-SGX-at-endNovember.aspx

Berjaya Sports Toto Bhd (BToto) is on track to list its subsidiary, Sports Toto Malaysia Sdn Bhd, as a business trust on the Singapore Stock Exchange (SGX) at the end of next month. “All approvals have been obtained,” BToto executive director Freddie Pang said in an email reply to StarBizWeek.

The dividend-in-specie can only take place once the company has obtained approvals from the Securities Commission and Bursa for a secondary listing on the main market here. “It can only happen after the initial six-month moratorium period. “Assuming a listing on the SGX at end-November, this will take us to mid-2014 for the secondary listing to happen,” Pang said.

Posted by Sapphire > 2013-10-21 16:50 | Report Abuse

bear bear toto

Posted by Kutty123 > 2013-10-21 16:53 | Report Abuse

wah..look like teddy bear ....