Berjaya Sports Toto Bhd (March 2, RM2.26) Maintain buy with a target price (TP) of RM2.80: Berjaya Sports Toto’s (BToto) 88%-owned Berjaya Philippines, which is listed on the Philippine Stock Exchange, released the following announcement: On Feb 23, Berjaya Philippines’ subsidiary, Philippine Gaming Management Corp (PGMC), received a final award decision issued by the Arbitral Tribunal which ruled that PGMC did not have an exclusive contractual right to supply an online lottery system for Luzon territory.
I interpreted the bursa's announcement as BToto losing the case especially in the light of the share price moving to historic lows.
I guess the management at Toto should be taught to communicate in simple English - saying it plainly after all that legal & corporate gibberish like "BToto won. Why? because ...".
Bjtoto to announce its Q result soon, another quarterly dividend is coming. Based on current share price and quarterly dividend 4sen, total dividend payout 16sen based on 75% payout give rise to attractive dividend yield 7.5%
this is rather interesting. The selling force has been so strong in passed one week. Wondered whether it is selling from insider, with QR pending this week.
The fact that price is reacting adversely before the announcement could imply insider trading is alive & well or perhaps investors taking bets that performance will be bad
@sheldon, Non of what you said are true. I am an fresh graduate and all do is to search for cheaper stock price with a good dividend paid company. Based on the history on Bjtoto their dividend paid is just consistent and good. I am also not sure what is the true reason behind that making the share price to have a sharp fall, But I think is more likely to link to the investor behavior. So as long people are being more optimistic on it, I believe share price would rebound easily.
Insider trading will report out, right? so far don't see any, in fact there were some insider acquired happened in earlier Feb 2018. As long as the dividend there, should be able to rebound later (hopefully :))
got someone trying very to press down the price for the passed one week. Only to swope in big big time in the last 10min just before QR. As they knew the QR is good
Someone sapu 9.4mln shares in the last 15 mins of trade! Volume surge. Insider knowledge of 3rd Qtr results ahead of release at 5:40pm, huh! Manipulation?
Insider trading as I've always suspected is alive. SC will normally inspect the CDS accounts of the key personnel to check any movements before price-sensitive info is released but there are still ways to get around.
Result is within expectation, nothing to shout about. DY seems to be very attractive at current price 7.1%. But bear in mind, if you had bought BJTOTO from 2005 onward, (inclusive of dividend) your will still incur at net loss. In other word, you ll be losing money if you invested in BJTOTO anytime after 2005 till now.
My average cost is RM2.60 but I smell a rat here. Suddenly volume 10 million just before good results out. I know it surely will go up in a matter of time. It has to be insider buying 10 million. While I know it will go up, yet I pray it will go down instead to teach these insiders a lesson.
This is nothing. MIECO is worst for insider trading. Its stock price start to drop right after reporting huge increase in profit for FY17 Q3 result. Total drop of 50% in just one quarter after record profit. Its so obvious, yet the SC still sleeping. Then as expected, FY17 Q4 reported a drop of -84% YoY....walla...suprise
Ng Shu Tsung - if insider trading involves share buyback in the interest of shareholders, then it should be allowed. I hope this sudden surge in buying is due to this.
Let me remind you again the consequences of investing in BJTOTO. Despite the high dividend yield, it does not automatically translate to net gain. This is evident from historical record. If you had invest in BJTOTO any period after 2005 and keep until now, you will still be making loss (all dividend included).
KISSinvest, yeah, I have same doubt as you too. Anyway, everyone has right to comment here. Just like before revenue announcement, when share price dropping, some said the price is reacting to coming bad revenue, some said suspect insider trading :). I am not super expert in trading, but I see price touch all time low and DY become very attractive (consistently paid). Hence this stock should be good to invest now either for long or short term.
I have done some research. Price of BJ Toto on 2/1/2005 was at RM3.8919 per share. Total dividend collected from 31/1/2005 quarter to 31/1/2015 quarter was RM3.0841 per share. So if you hold until today, one share price is RM2.18 + all dividend collected per share RM3.0841 = RM5.2641 less original share price bought back in 2/1/2005 RM3.8919 = RM1.3722. So technically you still "earn" RM1.3722 per share without taking into consideration of opportunity cost loss and ringgit purchasing power loss.
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Posted by sheldon > 2018-02-06 11:08 | Report Abuse
Aiya do share buyback la - tunggu apa lagi?