SPORTS TOTO BERHAD
KLSE (MYR): SPTOTO (1562)
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Last Price
1.55
Today's Change
-0.03 (1.90%)
Day's Change
1.55 - 1.57
Trading Volume
300,900
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
6 people like this. Showing 50 of 3,888 comments
The reason why distributing treasury shares will cause EPS to drop is because EPS = earnings divided by shares issued NET of treasury shares.
When EPS drops, the fairly constant PE relationsip will result in share price to drop. It's just a sacrifice for 1 quarter and then going forward we will enjoy better EPS as well as dividends if the performance is maintained.
2023-11-22 09:12
Having received $370 in dividends from 1,000 shrs (bought '10, sold early '12) & over $4600 dividends since re-entering in early '14 & averaging down consistently since then, I bought more this morning @ 1.48 in a bid to finally bring the avg to below $2 [holding 13,800 now]
2023-11-22 09:40
Treasury shares is counted in the total number of shares that is issued. EPS is earnings over total number of shares issued. Regardless whether the shares owned by the public or by the company in the form of treasury shares, the total number of shares remain the same. Thus, the distribution of treasury shares has no effect in EPS.
2023-11-22 11:21
Deekay - you be the judge. The following extract from Note 35 last annual report ...
"The earnings per share is calculated by dividing the profit for the financial year attributable to owners of the parent by the weighted average number of ordinary shares with voting rights in issue during the financial year EXCLUDING treasury shares held by the Company ...
2023-11-22 14:27
treasury shares do not have voting right, likewise it will not entitled any dividend when dividend is declared.
treasury shares can be treated in the following by a company :-
1. cancel out
2. distribute as shares in species
3. keep it
2023-11-22 15:41
so when bjtoto cash is low, it's simply more practical to distribute the asset rather than cash
2023-11-22 15:43
Sheldon, if you are concern about the EPS being lower after the distribution of treasury shares, why don't you think it from the perspective that you as a shareholder, now owns more shares in the company (after share dividend) even with the lower EPS like what you said. So basically it negate the effect of dilution. We are only concern if there's new shares that's been issued, that really will dilute the EPS and thus the DPS.
2023-11-22 17:23
sptoto mau beli biz judi bjassets kat sarawak kan? cepatlah sedikit... syiok nanti
2023-12-19 21:10
purple70
why is the price up today?
Investor stim pasal bonus - beli sebelum Ex
2023-12-21 20:54
last time Batikman wanted sell Sptoto but VT rejected, so they parted ways.
Time has proven that Batikman was right after all
2024-03-11 07:45
Tomorrow will touch 1.36 and further down towards 1.26. Indeed this is a sunset industry. Dun worry PMX does not need income from gaming like SPTOTO or Magnum but instead cut oil subsidy soon in 2024 to compensate the loss income. Smart PMX.
2 months ago
Bull market. Multi-decade low. Business stands to benefit from bull market, better economy, higher disposable income, notwitstanding state bans, online gaming competition and other threats. A few years ago, the fall is justifiable particularly during Covid, but the past 2 years, the fall is over-done, and it's just snapping back up. In a bull run, market participants who haven't got positions a feeling the FOMO effect, and SPTOTO is one of the laggards which haven't moved up much yet, hence, today's big move. My conservative target is around RM2 before FYE2025 and it might get there much sooner.
I am already fully positioned since mid last year near 1.32. My average entry price is 1.53 and including dividends is 1.40. It pays a nice 6% dividend yield and if the economy improves, it can easily continue to hold this high dividend yield, even without any price gains.
I blogged about this stock here with charts.
1 month ago
I don't think gaming is a sunset industry but very much linked to the economy and disposable income. I also don't think online gaming is a permanent threat but a temporary threat, as the barriers to entry to online gaming is low.
1 month ago
In a bull run and a better economy with greater disposable income, the banned states will rethink very hard about the tax revenues lost. It might not be a permanent ban.
1 month ago
Cant think of any real reason, except good results and / or online betting approved, which will shave off cost n close off agencies!
1 month ago
Nice strong close. +7.48%. Thanks to SPTOTO and 24 other greens to offset reds, the portfolio prints a new all time high water mark again for the 10th time this month. Thank-you Mr Market!
1 month ago
Btw, substantial shareholders have been buying the stock several times this month too. They must think SPTOTO has value.
1 month ago
Today, reported substantial shareholders buy again.
Today, reported that some operators are suing Perlis State Government for banning, claiming it is outside their jurisdiction. If they win, the stock price will revalue.
SPTOTO 9 sen DPS is around 55% payout ratio i.e. not stretched. 9 sen is close to 6% dividend yield. Downside risks are low. Worst case, if maintain 9 sen forever (unlikely, more likely to grow), it already beats EPF and FD.
Upside is clearly higher odds over next 5, 10 years. That much is clear for me.
1 month ago
Sports Toto Berhad Declares Third Interim Dividend for Financial Year Ending 30 June 2024, Payable on 19 July 2024
Sports Toto Berhad has declared a third interim
dividend of 3.0 sen per share (Financial year
2023: third interim dividend of 2.0 sen per share)in respect of financial year ending 30 June 2024 and payable on 19 July 2024. The entitlement date has been fixed on 28 June 2024.
4 weeks ago
Third quarter 2024 results:
• EPS: RMO.051 (up from RM0.017 in 3Q
2023).
• Revenue: RM1.69b (up 2.4% from 3Q
2023）.
• Net income: RM68.5m (up 195% from 3Q
2023).
• Profit margin: 4.0% (up from 1.4% in 30
2023）.
Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Hospitality industry in Malaysia.
Over the last 3 years on average, earnings per
share has increased by 22% per year but the
company's share price has fallen by 8% per year, which means it is significantly lagging earnings.
4 weeks ago
Many counters like sptoto, ioipg bimb, affin etc shot up 5 to 10 sen at 4.50pm due fund manager rebalance position due msci global small cap index (which also include big cap,) adjustment which take place after 31 May
3 weeks ago
Bought MORE SPToto @ the $1.55 open, increasing my stake to over 16,200 shares & bringing my cost down further below the $2 mark broken 3 weeks ago!
1 week ago
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The other consideration is dividend payout ratio.
Normal payout ratio is around 80%.
Last year, it earns 16.5 sen and pays out 9 sen or 55%, i.e. it is consolidating and rebuilding its war chest and will have room in the future to pay out more.
9 sen / 1.5 ~ 6% dividend yield with potential to rise.
Q1/24 3 sen equivalent is already higher than Q1/23 2 sen i.e. 2024 dividends is looking potentially better than 2023.
Its earnings can dip a little bit, and it can support a marginally higher dividend this year and still have a lower than long term average payout ratio of 80%.
I am very comfortable with its numbers.
Only the price chart needs respectiing and not chase.
2023-11-22 06:41