Fierce battle at RM3.98. It seems like big fish(s) is continuously queuing to sell at 3.98 & another big fish (Vincent Tan & associate?) is buying at 3.98.
Don't think so. It's more likely a mob up of all weak retailers before this counter move up. So funds are slowly buying in which they have disposed earlier due to the proposed business trusts. All brokerage are calling for buy.
The price will rise after they announce a dividend. After Ex, the price will adjust down. The best time to buy is before the dividend announcement. Best is to buy then hold for long term to collect dividends.
Last 2 quarters, they paid less dividend since they need to conserve cash for STM Trust listing. If withdraw too much cash from STM, the balance sheet will be bad for listing approval. Now that STM listing is cancelled, they may pay more dividends. Last financial year they paid out 28 sen TE. If same this FY, at RM4, the div yield will be 7%!
This stock is for long term investor, not for speculators who are looking for short term fast money.
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
Yes, Bursa rule is to be announced within 2 months from financial period end. For 31/10/13 quarter end, it must be announced by 31st Dec. However, they usually announced earlier, usually around middle of the month where it is due.
The decrease in profit mainly due to the corporate exercise expenses incurred pursuant to the proposed listing of STM Trust (which was aborted) in the current quarter under review
BJtoto will able to declare 100% of its net profit as dividend. Based on 1 half financial result, EPS is 13sen, but only declare first interim 4sen and current second interim 6 sen dividend. The second half financial will be much stronger and lets assume same EPS record as last year, give rise to total EPS = 28sen, the subsequent third and fourth dividend will need to play catch up to match its 100% payout by declare at least 10sen each, give rise to total 4sen (Q1) + 6sen (Q2) + 9sen (Q3) + 9sen (Q4) = 28sen, equipment to 7% net yield
From 2013 Annual Report, pg 7: "The dividend distribution is consistent with BToto’s dividend policy of distributing at least 75% of its Group’s annual net earnings to shareholders. BToto will continue to maintain its 75% dividend policy subject to factors such as availability of distributable reserves as well as the Group’s cash flow requirements."
The dividend policy is at least 75% of net earnings. But they paid out more than that in the last 3 FY (including value of share dividend): FY, DPS(sen), EPS(sen), Payout ratio (%): 2013, 28, 29.43, 95.1% 2012, 27, 30.37, 88.9% 2011, 21, 26.15, 80.3%
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....
jpleow
247 posts
Posted by jpleow > 2013-12-10 19:13 | Report Abuse
More good news:
Vincent Tan also bought directly today
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1488493
Robin Tan Yeong Ching also bought today
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1488541
Also shares buy back today
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1488525