perhaps toto should give free draws to shareholders to boost its share price .

Why the did the price shoot up today ? Is it because ppl are anticipating dividend again ?

Range movements are necessary for the counter, whether blue or red to established its position to move up or down in accordance with supply and demand.

wow! 4.04 coming?

Looks like the down grade is a game being played by the investment houses for the price to dropped and picked them up latter. Magnum new game has almost twice the odds against toto games. I see this as short term set back for Toto and the punters will be back to toto.

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Added on November 8, 2009, 4:45 pmMaybank IB downgrades BToto to sell       
Written by The edge Financial Daily    
Wednesday, 07 October 2009 10:21 
 
BERJAYA SPORTS TOTO BHD [] (BToto) may not benefit from any regulatory changes as much as its competitors amid flat revenues in the gaming industry despite more draws, said Maybank Investment Bank (Maybank IB).

Maybank IB downgraded BToto to a sell from a buy with a lower target price of RM4.05 (previously RM5.60) due to poor revenue prospects and possible regulatory changes.

“Our DCF (discounted cash flow) valuation is RM4.50/share. We discount that by 10% to arrive at our RM4.05 target price given the unattractive residual dividend yield for FY10 and uncertain prospects with news flow risks on the downside,” it said in a research note yesterday.

The research house said punters had been spreading their money around, spending less per draw rather than digging deeper into their pockets. Amid such environment, BToto had lost punters to its competitors, including Magnum Corporation Bhd, which saw its new 4D Jackpot breached the RM1 million mark on the third draw following its launch late September.

“BToto’s Mega 6/52 which offers a similar snowballing first prize starting at RM2 million took six months to hit the RM1 million sales level from its June 2007 launch,” it noted.

It added that 4D Jackpot sales may slow when Magnum ceased its heavy launch promotions,”but the thunder has been taken from Lotto, including the initially much-anticipated Lotto 6/55”.


 

The research house also noted that BToto paid advance net dividends of 19 sen per share for FY2010 in July, during its first fiscal quarter which represented a 238% net payout ratio on Btoto’s 1QFY10 net profit.

Based on a 90% net payout ratio for the full year at 28.5 sen, it assumed that BToto would have another 9.5 sen to pay as dividends, which translates into a 2% net yield. “We see better yield alternatives in TELEKOM MALAYSIA BHD [], Tanjong plc and LINGKARAN TRANS KOTA HOLDINGS [] Bhd.”

Besides, Maybank IB believed any regulatory liberalisation would only benefit BToto’s competitors, especially Tanjong, the only national number forecast operator (NFO) without a jackpot game.

It said Tanjong had the smallest number of outlets at 347 units or 23% of the total in the country, compared with 681 outlets (45%) for BToto and 489 outlets (32%) for Magnum.

BToto closed at RM4.42 yesterday, down two sen.
This article appeared in The Edge Financial Daily, October 7, 2009.

10,000 units only

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Added on November 30, 2009, 6:57 pm

aduh just in term of one day difference....Sakit hati....My mistake  I will buy back once my reinforcement arrived 

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Added on November 30, 2009, 7:05 pm

How many units you bought?

So you are the one who sold me RM 4.27 

What is your reason for not adding anymore on this counter? For me it is just a starting, My next target price RM 3.70

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Added on November 30, 2009, 8:33 pm

Best dividend counter for sure is not as i have a another counter which yield better than BJTOTO. Furthermore, i think that the management is just OK.

VT is not shrewd business man but i bet that he will not dare to do much harm on BJTOTO as it is his cash generator.

You think it will drop to RM4?

Unload all my bjtoto already at 4.24 

Maybe later unload at <4.00

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.

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.

40 cents is impossible i can say for this year or next year even....Thats y i said it is no point to refer to the book alone... We should refer to the company report on how much cash they have and how much debts they need to pay out.

Yeah!   We don't need to share with the tax man.