Dato VT share buyback BJTOTO again.

Bought 1,550,000 shares on 21/12.

Total number of shares retained in tressury increased again, now at 12,580,072 shares.

VT and BJland has to maintained their combined shareholdings to more than 50% to enable him and his group of companies to sustained the lifeline during difficult economic situation or boomtime, to wardoff any raiders. Put it this way Bjtoto is the jewel of the crown in VT's group of companies. So all those craps about the fund managers target and sell call are just smokescreen for them to get the kucing kurap to sell and VT and funds would buy when the price soften.

You mean to say they are working hand in hand.

Well, make ur own conclusion from the price movement upwards since the buy back.

As such, swimming with the sharks are equally dangerous.

Let's watch what's the target price b4 it moves sideway. Or will it move to RM 5.00 by CNY
in tandem with increase toto jackpot, just need one of the three jackpots moving above 20mill to achieved this.

This post has been edited by alenac: Dec 30 2009, 10:47 PM

Previously when the jackpot went to 20 mil, sales per draw was 2 - 3 mil. So far jackpot is increasing by about 1 mil every week, if no one strikes in the next six weeks, the jackpot should be at least 16 mil before CNY. Can it go as high as 20 mil in 6 weeks? Chances are good , since the amount will increase faster the higher the jackpot.

This post has been edited by calmwater: Dec 31 2009, 03:48 AM

I have no experience in buying TOTO, however, logics seems to dictate that people get more greedy as the jackpot increases. By the way, any kind souls out there who can do some historical correlation charts on striking of jackpot vs BJTOTO share price.

Look at 30th and 31st Dec 2009, there was no buy back (at the moment of writing no announcement) but price is sustained at 4.35. Is the funds supporting or VT personally buy back which will be announced later as a substantial shareholders? Where are those targets and revision downwards by maybank sell call? Furthermore jan and feb 2010 CNY season,i.e fatt choi time dun u think those gamblers out there will go all out to buy for good luck.

Remember also with the new year, funds are rearranging their portfolios and looking for profit opportunities and replenishing their stocks. Normally stocks are bullish till chinese new year.

This post has been edited by alenac: Dec 31 2009, 06:03 PM

I am holding my BTOTO stocks tightly.



This post has been edited by calmwater: Dec 31 2009, 09:26 PM

You got a tp? I'm been holding mine since 2008 CNY.

What is your entry price?

RM4.56.

Was hoping Lotto 6/55 will snowball to 20 mil for CNY, but alas the bubble already burst, someone hit the jackpot.

Still I believe the stock is in for an upward run as the betting season is going to be in full gear and BTOTO has not declared a div for two quarters in a row. Share buy backs are looking good. I believe as the next quarter reporting date approaches (Early March), the stock price could go to at least about 4.50 or so. Hopefully higher than that.

There are some recent moves I don't quite understand, like planning to buy a Makati Hotel in Phillipines. Are they wanting to set up a casino or what?

Tuesday, 5 Jan 2010

5:22PM HOTEL RESORT ENTERPRISE SDN BHD (2,627,963 Shares Transacted)
5:22PM BERJAYA GROUP BERHAD (1,077,963 Shares Disposed)
5:22PM TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN (2,627,963 Shares Transacted)
5:22PM BERJAYA CORPORATION BERHAD (2,627,963 Shares Transacted)
5:22PM BERJAYA LAND BERHAD (1,077,963 Shares Disposed)
5:22PM TERAS MEWAH SDN BHD (1,077,963 Shares Disposed)
5:22PM JUARA SEJATI SDN BHD (1,077,963 Shares Disposed)

============

Just want to ask... How come the transacted figures are so nice looking ?

This post has been edited by whizzer: Jan 5 2010, 05:55 PM

There are some shares sold and puchased i.e transacted within the group and the ultimate owner is VT himself, all linked. That's what we called "goreng" lah.

You mean to say passing the ball around by the same team players

Wow BJTOTO 4.42 sudah!!!

Now regretted dumping it for YTLp bor..... jk la know you are YTLp fans ...

Wah... teasing others arh...

Deep down it must be hurting pretty badly

Wow, Toto really going strong.