Hmm....this is the first stock I bought recently this year 1 month ago... the price's getting lower and lower day by day ...any explanation??? is it due to the tax on gambling industry?
Can anyone explain how this STM actually works? and does the exixting shareholders going to get certain unit of it or how? Please enlight me on this matter. Thanks
Bjtoto Business Trust is going to be listed in Singapore soon. After which Berjaya Toto Bhd investment in subsidiary Sport toto Malaysia Sdn bhd will be managed under the trust and in exchanged Berjaya Toto Bhd will control around 80% of the Business Trust unit. Upon the secondary listing in malaysia probably next year, for every 10 shares of Berjaya toto Bhd, shareholders will be distributed 21 units trust, which have a yield of 8%, hopefully an 8% dividend as business trust normally distribute all of its earnings. Of course your existing shares in Berjaya toto will be adjusted downwards by the market forces. According to the Berjaya toto bhd management, the company will retained at least 25% stake of the unit trust and have management control over the Business trust. In addition its phillipines gaming units, and investment in several companies including Redtone and a listed motor company in UK and the Philipines and some properties in Berjaya Time square will remained in the company. The unique model of a trust allows the initial promoter of the business to sell down its interest in a subsidiary and yet retained management control over the business. Thereby market driven to realize the full value of its major business.
Closed Period is approx. 1 month before quarterly results announcement to few days after. During closed period, director who wish to trade shares must make this announcement & wait for 1 full trading day before he can buy or sell. Hence he may buy tomorrow either directly or indirectly (through company controlled by him).
He may also sell. But at this price? Not very likely.
don't know leh ! if he is the one selling/buying, we'll know later on as announcement must be made to Bursa - looks like a bad scenario with this big sell down !
The lowest price is on 21 June, down to 3.20 with huge volume 9.54m higher than today 8.61m share........But its just one day shows...next day rebound strongly back
sometime we as retail investor do not know is going on in the company.Should not allowed those major shareholder to buy or sell before major announcement
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....
nightrader
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Posted by nightrader > 2013-10-22 08:09 | Report Abuse
http://www.theedgemalaysia.com/business-news/259223-analysts-btotos-stm-trust-may-generate-yields-of-up-to-8.html