net div u'll get per share is 2.85+(2.15x75%) = 4.4625 cents <correct me if i'm wrong>

Hello,
Did anyone buy this?

Type : Announcement
Subject : JT INTERNATIONAL BERHAD (“JTI” or “Company”)

CAPITAL REPAYMENT AND AMENDMENTS TO THE MEMORANDUM & ARTICLES OF ASSOCIATION



Contents : We refer to the announcement dated 2 March 2009 in relation to the capital repayment to the shareholders of JTI involving a cash distribution on the basis of RM0.75 for every one (1) existing ordinary share of RM1.00 each held in JTI via a reduction of share capital pursuant to Section 64 of the Companies Act, 1965 ("Capital Repayment").

On behalf of the Board of Directors of JTI, MIMB Investment Bank Berhad is pleased to announce that the order of the High Court of Malaya confirming the Capital Repayment will be lodged with the Companies Commission of Malaysia on 20 March 2009. Accordingly, the reduction of the par value of the ordinary shares of JTI from RM1.00 per share to RM0.25 per share pursuant to the Capital Repayment will take effect on 20 March 2009. Shareholders of the Company should note that the Capital Repayment does not affect the number of the ordinary shares held by all shareholders of the Company.

Barring any unforeseen circumstances, the cheque payments for the Capital Repayment are expected to be despatched to the entitled shareholders on 30 March 2009.

This announcement is dated 19 March 2009.


75 sen for every share RM4.20 = 17.8% ?
I'm new to share trading so i might be mistaken.

Any explaination would be nice. Thx!

This post has been edited by Killy: Mar 22 2009, 10:40 PM

^no the 75 sen has already been repaid

When is BJTOTO's dividend due?

i am interested to know as well...
and also what is the entry price for this counter?

I'd say between RM4.60-RM4.70, but price just shot up, if there's a special dividend coming soon, entry price will be way higher.

Not necessary, If BToto needs to raise bond or singificant borrowing to fund the special large dividend, shareholders might worry about the company financial health.

Borrow to pay dividend is not a good news for shareholders.

I just read some article in OSK website talking about BJTOTO which is way back in March 2009

After read everything i also dont really get the story behind it...

BToto remains a dividend yield play given its resilient operation backed by a stable
revenue and cost structure and visible capital management policy. Its forecast
gross yield of 7.0% to 7.6% over FY09-FY10 is still among the highest among the
stocks under our coverage. We maintain a BUY call with a DDM-derived fair value
of RM5.10.

Within expectation. BToto’s annualised 9MFY09 net profit of RM404.3m was within our
full-year estimate of RM410.6m but 5.0% below consensus. Revenue growth was,
however, stronger than expected with 9MFY09 revenue contributing 82% of our full-year
forecast. Revenue growth was driven by an additional draw and relatively robust 17.5%
same draw sales growth. However, 9MFY09 earnings grew at a more subdued 5.3% as a
result of a higher average prize payout ratio. On a quarterly basis, 4QFY09 earnings
contracted 16.3% despite a 12.3% increase in revenue due to the higher prize payout.

***Click on attachment to read more***

This post has been edited by virtualgay: May 1 2009, 05:40 PM


Attached File(s)
 BJTOTO.pdf ( 44.8k ) Number of downloads: 25

If it's going to borrow to pay dividends then let BJTOTO shoot up and sell before ex-date.

What's your question?

This is not related what we discussed the story behind of Bjtoto and Bjland (its parent company).

You need to be long enough in the market and search through backwards years to know the story of Bjtoto inter-company loan issue.

Investment in share sometimes you need to do some 'homework' otherwise, something is happen on the market place, you still being left on the dark what is happening, which you might be on disadvantage side of trade if don't know anything about it.

thanks for the advice.. i will continue with more homework...
i just dont want to burn myself for the first time when buying big counters.. as you know my fund is very limited...

Please don't use price is low like below 1.00 or 2.00 and then consider them are low risk or you will loss lesser. It doesn't relate at all.

Buy at 0.50, drop to 0.25, you lose 50%.
Buy at 5.00, drop to 2.50, you also lose 50%.

BToto to raise stake in PGPI

KUALA LUMPUR: Berjaya Sports Toto Bhd (BToto) plans to increase its stake by another 6.81% in Prime Gaming Philippines, Inc (PGPI) for RM32.24mil cash.

BToto said yesterday its unit Berjaya Sports Toto (Cayman) Ltd had entered into a share sale agreement with Ferrystar Ltd for the proposed acquisition of 60.7 million shares in PGPI.

Currently, BToto and its unit Berjaya Lottery Management (HK) Ltd hold 9.12% and 72.33% equity interest in PGPI respectively.

On completion of the proposed acquisition, BToto group’s equity interest in PGPI will increase to 88.26% from 81.45% at present, while Ferrystar will continue to hold the balance.

What's the impact of this ? Anyone know anything about Prime Gaming Philipines ? I hope its not a related party transaction like what Resort had.

The impact is negligible on BJTOTO's earnings and it would be financed by BJTOTO's cash flow from operating activities, no biggie. It's not a related party transaction.

The only problem with this, according to some reports I've read, is that the acquisition will only bring an additional RM1-2 mill to the table very year. So why waste that money at a time when cash is king?

---

Added on May 6, 2009, 4:38 amThe only problem with this, according to some reports I've read, is that the acquisition will only bring an additional RM1-2 mill to the table very year. So why waste that money at a time when cash is king? Isn't it better to use that money instead as dividend to the shareholders?

This post has been edited by omores: May 6 2009, 04:38 AM

I guess BJToto share will increase with this announcement, right ?

Planning to buy some panamy for long term for its good yield... but one concern is... will the low price electrical appliance from china for example gree reduce the profit margin of panamy? pls advice

People now already known the quality of those China appliances. So market segment is different and potential and targetted customer is also different.

They are not competiting head to head now as consumers had more experience on those cheap appliances.

Thanks sifu one more thing is do panamy export its product to other countries? As i know products name panasonic is under panamy but how about the products national ? Is it imported from japan or locally made?