@armadasaxon, I wouldn't say its impossible, coz last time they have insurance biz which is governed by BNM to reserve some cash, now they are a purely gaming company and the management said before they committed to pay more dividend which is at 80% dividend payout and actually they intend to pay more than that.
hopefully the situation is like Bjtoto several years back..Par value 1.00 ex to 0.50 and later ex to 0.1..both time share price rebound back to RM4.20 level
If compare to the peers ie. BJTOTO, Magnum is really cheap to buy. They have similar earning and market share in the 4D market, no of magnum share is slightly i.e. 6% more than BJTOTO shares. BJTOTO price is now at 418 * 94% (6% discount due to lesser number of shares), Magnum should be worth at least RM3.90.
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....
BBB79
2,689 posts
Posted by BBB79 > 2013-07-30 10:34 | Report Abuse
minshome, going to top up for this counter again?