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 BJTOTO (1562), High Dividend Yielding Stock

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Xeraph
post Nov 26 2009, 09:53 AM

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treasury shares increase because of buy backs.
record shows the buy backs occurred during January and March where prices where trending towards the RM4.00 level.

If you were to check the quarter results, u'll see that cash ending January of RM183m came down to RM126m in March.

This post has been edited by Xeraph: Nov 26 2009, 09:53 AM
Xeraph
post Nov 30 2009, 06:28 PM

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QUOTE(alenac @ Nov 30 2009, 04:03 AM)
Hi all, BJtoto normally pays dividend ahead of earnings as all bets are in cash. So its normal that BJtoto pays dividend from loans they obtained at one time or another. Nothing is strange about this strategy as the major shareholder Bjland has got bonds due for payments. So an excellent idea is to partly pay out of future earnings as Bjtoto is purely a NBO as compare to MPHB whose business is diversified.

Yes, Bjland leveraged on the performance of Bjtoto. But then the entire VT group of companies depended at one time or  used to milked from BJtoto. Investors in the 90s were fedup with Bjtoto for lacking corporate governance by lending too much to its sister company untill a restructure during the early 2000 bought investors back to its stable.
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i don't think it pays dividend ahead of earnings. announcement of dividends is always on the same day as results. except for the latest "future dividend".

btw darknight, don't think you should be too optimistic on 6/55
no doubt you have a higher minimum payout, but at the end of the day it still comes to the question who currently has the biggest payout.

Xeraph
post Dec 1 2009, 11:44 AM

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QUOTE(darkknight81 @ Dec 1 2009, 09:35 AM)
The snowball effect of bjtoto

I want to make some correction here.
The average snowball effect for POWER TOTO was only RM 233099
Where as for Magnum Jackpot was RM 487798.

More than double of power toto

The answer maybe lies with there are almost equal amount of buyer but remember magnum jackpot is RM 2.20 whereas for POWER TOTO was RM1.10 .Thats why the amount is almost more than double of magnum Jakpot.

But magnum jackpot payout ratio is higher compare with POWER TOTO. This might answers why more ppl are interested in Magnum Jackpot.
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I think its more to which is perceived to be won easier.
Magnum's Jackpot has odds as below:
Jackpot 1 1 in 16.67m
Jackpot 2 1 in 1.67m
3rd Prize 1 in 1,667k

now compare this to Toto's 6/52 of 1 in 20.4m......

yes, magnum is RM2 while toto is only RM1, but to a punter..... would it matter? I don't know.
look at 3rd prize for magnum, its Top 3 + any 4D. so it may be perceived as "its easier to strike half of 8 numbers rather than all 6"... and u have a maximum of RM10m payout.

now look at the demographics of those who buy. 4D jackpot is an extension of the 4D game itself. 4D itself is much more to those who are of the older generation. it is a game you dont have to promote as it sells itself..... always been this way for centuries.

from what I gathered, when ppl buy 4d, its more like RM10 big, RM10 small. RM2 out of that RM20, is only a small portion. and whats more, u buy when u feel lucky.... im sure most ppl find it easier to find for their lucky 2 sets of 4 numbers rather than a set of 6 numbers.

it still probably comes down to this..... Who currently offers the best winning prize money? (as in if I were to buy now, i'll see which currently has the highest prize)

then again..... i dont buy, so i dunno.


 

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