Oh! My god!! Simply assuming already!! I saw average price target above77cents lah.. But nothing is real .Even people think boss only aim for multi tier director remuration more than prosperity or maintain the leval.
Yesterday closing at 0.190 is "fake" because just a handful lots done at 0.190. As I said earlier, the battle is to determine the support level at 0.185 or 0.180.
markets ultimately normalize, fundamentally strong companies are able to sit through any market cycle or period of turbulence. the worst is over for bjland
bjland will declare dividend soon, fingers crossed
Berjaya Sports Toto Bhd (July 9, RM2.78) Maintain buy with an unchanged target price (TP) of RM3.10: Berjaya Sports Toto Bhd (BToto) announced that its 88.26%-owned subsidiary Berjaya Philippines Inc (BPI) has reduced its equity interest in Philippine Gaming Management Corp (PGMC) from 99.99% to 39.99% through two separate transactions: i) BPI disposed of a 20% stake in its holdings in PGMC for 117.15 million Philippine peso (about RM9.5 million) to PGMC corporate secretary Jose A Bernas; and ii) non-subscription of new shares issued by PGMC. The new shares will be subscribed by Bernas and Paulino S Soo, the president of PGMC. Post-transactions, Soo and Bernas will collectively own 60% of PGMC, which is involved in the provision of computerised online lottery systems to the Philippines Charity Sweepstakes Office.
BPI’s profit contribution has been declining over the past few years. For the 12-month financial period (FP) 2019, this business contributed only about 11% of the group’s profit before tax compared with about 15% previously. We estimate BPI’s earnings contribution of about 10% for the financial years 2020 to 2021 (FY20-FY21). In view of the reduced share in earnings from these operations, we cut our FY20-FY21 earnings estimates for BToto by 6%. We understand that the group will likely to still consolidate its Philippines business as a subsidiary despite the reduction in shareholdings. This is because BToto is deemed to have management control in determining the company’s direction and strategy. Despite our revised earnings estimates, we are maintaining our dividend projections for BToto. We do not foresee any significant impact on its ability to pay out high dividends. BPI has not paid dividends to BToto in recent years. Therefore, we do not expect the Philippine stake sale to have any significance on the group’s cash flow. We maintain our “buy” recommendation for BToto with an unchanged TP of RM3.10, based on the dividend discount model. As a dominant player in the numbers forecast operator (NFO) sector, we remain “positive” that the group will benefit from the more stringent enforcement by the authorities in curbing illegal NFO activities. Potential ongoing monetary easing by major global central banks, including Bank Negara Malaysia, could also promote a yield-seeking investing strategy which favours companies like BToto. — AllianceDBS Research, July 9
Step 1 - He’ll “shake out” the little guys by forcing the stock lower in order to get a better price..
Step 2 - By keeping the stock low and depressed, he discourages other people from buying it and induces more short selling. He may, by various means, spread bearish reports on the stock. All this helps him to buy. When he is thus buying and selling to accumulate..
Step 3 - Using this method, the Uncle Tan & associates will accumulate a large enough position to effectively remove almost ALL would-be sellers from the market..
Step 4 - The stock is prepared for the ‘mark-up.’ It is ready to go up as soon as he is willing to allow it.”
Step 5 - Then, he starts driving the price up to double or triple buying more shares – and he really ramps it up toward the end to coincide with the “good news” he is expecting in a few months time?
Step 6 - Now, the he has accumulated a huge position in the stock, and he needs to find someone to sell it to at double or triple the price. By now, people have seen the surge, and they think something’s coming
Step 7 - The rise to of share price started a whole crop of rumors. Brokers who are close to the bankers or the management of the company have been trying to find out what is going on?
Step 8 - Insiders have hinted vaguely that ‘something good is coming out,’ and without knowing just what this expected favorable news is, the brokers have put their clients into it. Considerable outside public following has been gained during the rise.
Step 9 - Then, the news hits, and Uncle Tan & Associates can instantly unload the accumulated shares at a premium as people rush in to buy
That’s how it’s done – played in both directions...Let's see how Uncle Tan's actions will follow through?
Anyone can tell me how many will sell at current price or more believed left right hand theory? Anyone believed this price will continue lower & lower if no privatisation or rather believed can up more than 10 cents if any others stimulate good news ,exp 5cents dividend for 3% transfer volumes?
Gangnam you could be right , may be some one is making reports to relevant authorities for their actions , soon they will be asked to explain n penalised
anyone here with good knowledge with mgo, the mandatory general offer rules in Malaysia? why some companies, when certain party acquired over 33% trigger the mgo ? bjland almost 85%, they are still in their sweet time ? eager to learn this.
bjland is more actively traded than bjcorp nowadays... today, 13mil bjland shares traded compared to 1mil bjcorp shares traded... 9 to 10 times more active .... investors were more interested in bjland than bjcorp. more values in bjland
Can shareholders know why VT cheap sale everyday? Can shareholders know why VT create conglomerate but invest privately at others small volumes listed companies? Did he know he role and how to divide privately or any conflict interest between both limited & listed?
limkopi, quite some, I hold both bjcorp and bjland. I pissed off not only because BJCorp making an offer to Penta that had just bought the shares shortly before but NOT to other minorities when the spread is so thin. The inaction of Bursa and SC is what trigger the fire. Bursa and SC can give many excuses, doubt there will be any believer..
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....
shortinvestor77
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Posted by shortinvestor77 > 2019-07-08 16:15 | Report Abuse
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