You could be among the luckier ones I went in at 4.29

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Added on December 11, 2009, 8:33 amIf they do pay back 25 million (100 million / yr), it will cost them 1/4 of their annual profits. Maybe they can still pay about 25 sen / yr for a yield of about 6%. Looking at the fact they made 200 million in two quarters, and have not declared any dividend makes me wonder what they have in mind?

This post has been edited by calmwater: Dec 11 2009, 08:33 AM

BJTOTO have 1345 Millions shares.

Lets say Net profit of 400 Million per annum. After deducting 100 Million for the loan servicing. Left only RM300 MillionS.

EPS IS ONLY 22.3 sen. Base on their policy of 75% payout ratio the most we can get is 17 sen DPS. Unless they decided for 100% payout. Thats
the main reason why i downgrade bjtoto. I sold all mine at RM 4.24 last week.

Don forget the treasury shares.....Last time they use to give treasury shares but now it is almost "kosong"

In conclusion, not much bjtoto can give to retain the shareholders. Thats y VT himself also dispose BJTOTO.

BJTOTO by nature is a good business. Just that VT is famous for playing a lot of tricks....So i personally think that if we can afford to buy at below RM 4.00 our risk exposure will be lower.

This post has been edited by darkknight81: Dec 11 2009, 08:42 AM

Lend to their other sister and brother companies. VT common style of doing business. 10 pots with 1 lid.

Actually, VT BJtoto has better corporate governance during the 2000s. I think many of the shareholders who started investing in the early 2000s have got good returns. So if its time to realised ur investment, dun used VT intercoy loan as an excuse. If they have paid early dividends from loans, minority shareholders also benefit, so all is fair and wise.

Actually, if one looked at BJtoto business model it's still sound and I would want to be in this company. Of course if I buy the shares the lowest possible would be beneficial to me. NF companies will always generate cash rain or shine.

If and only if Magnum don't steal anymore of market share from Toto.

Correct...For what i see bjtoto have wide range of products compare with MPHB. So i think MPHB have much more room for growth.

In the older days, investors did not have many choices.

Now a day, Investors can invest all over the world.

There are thousands of Unit Trust Funds , Investors can choose from.

And Investors do not have to pay extra for switching from one to another., even in Equity Funds.

The final choice is still yours.
.

This post has been edited by SKY 1809: Dec 12 2009, 01:42 PM

well, simplesmile, let's wait for last quarter report of MPHB to see whether they have outperformed all their previous quarters then.

This post has been edited by alenac: Dec 12 2009, 08:43 PM

and investors all over the world can invest all over the world Investors from BTOTO can pull out and invest in Timbuktu and people in Timbuktu can invest in BTOTO. Number of investors in the world are increasing by the day, especially china and india with billions of people and standard of living improving by the day.

I think in this day and time there are more people investing than just saving money with the bank and hiding the passbook under the pillow. Even students are playing the stock market, the char kueh teow seller, cendol seller, rojak seller, fish monger, pasar malam trader and ..............and..................

Money is moving at the speed of light. Hopefully our Gomen can wake up (overslept for too long already) and get the attention of foreign investors so the can flow in.

This post has been edited by calmwater: Dec 13 2009, 03:30 AM

It is true also.

Talking about our Gomen.

We should be proud that we export 30k of skilled people ( each year ) to other parts of the world and import million of cheap labour and maids. Our policy is if they want to go, then no point of stopping them.

BTW the top eight accounting firms outside Malaysia, employing the most number of Malaysians working for them.

In time to come, we could be exporting maids as well.

And the next Global war - fighting for the best and talented people around the world to work for you. Which mean , We need a lot of good management teams.

No point to to super big , but losing all the competitive advantages. Size alone will not solve the problems. That is what I mean. MAS if were to have the most numbers of planes on earth would not earn them the most profit.

If you were to examine how our GLC work, then you might agree with me.

Honestly I think Toto is basically a very good company, except having some doubts with the management people. But if you want to look for good dividend stocks, there are still not many choices, not bcos they are top grades.

Investors around the world , I guess are looking for the same quality co and management.

Correct me If I am wrong.

This post has been edited by SKY 1809: Dec 13 2009, 09:21 AM

Yup no doubt is a good business. But if we comparing with last time. Now bjtoto have more competition from magnum, damacai and big sweep.
Looking at the game from bjtoto, we can conclude that bjtoto have the widest range of product 4d, 5d, 6d, jackpot (mega) jack pot power toto and so on. So in terms of futures growth i would say is quite limited compare with it's peers.

Look at magnum, magnum has lesser games compare with bjtoto so in other words have more potential in terms of growth. And don forget damacai also the futures growth is even greater. Hence bjtoto future growth are quite limited and we should look at it as a cash cow business unless it expand oversea or bjtoto got the sports betting license.

For me i would say buying in at the pricing by considering the worst case scenario INSTEAD of looking at all the potential.

But what i think why the share price is sliding is mostly due to its inability to give dividend or treasuries shares like last time which i have mentioned in my previous posting.

This post has been edited by darkknight81: Dec 13 2009, 04:33 PM

I doubt the sports betting business will be carried out under BJ Sports TOTO. It will most likely be another new entity, maybe BJ Sports Soccer etc. So, shareholders of BJ Sports Toto will not enjoy the profits from the sports betting.

what happen'ed to BJTOTO. Still bleeding so badly ?

bleeding like shit...

Timbuktu? a plant or a country in Africa?

Anyway it's true that there are more and more investors.....should call them speculators actually or gambling

I dun think u should use the word bleeding, its just on the downtrend.

Ya lor, dont sound good. Make me heart attack.

Their 1 year low is like 4+ and what's more their support level still stand strongly at 4+ as well so it's definitely not bleeding

Timbuktu is widely used to describe a place extremely far away and regarded by many as a myth. In reality it's a city in Mali, West Africa.

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Added on December 15, 2009, 3:34 amI think it is just changing of the guard. Short term Dividen investors not happy, want to leave. Long term investors coming in as the price drops. Need some patience here, especially since Lotto 6/55 just started on October 31st and now prize money gone up to RM7 Million plus. Wait a few months and the prize is going to go higher and higher with no limit set (new ruling came into effect recently). The prize could go so high that people all over the country will be talking about it. There is a chance BTOTO could start to fly in the coming months and also declare good dividen at the same time. Hope to see something in the next 3 to 6 months.

This post has been edited by calmwater: Dec 15 2009, 03:34 AM

wow .. power toto got no limit ah????? soundsl ike a good step