QUOTE(Soulsareworthless @ May 1 2009, 04:08 PM)
When is BJTOTO's dividend due?
i am interested to know as well...and also what is the entry price for this counter?
High Dividend Counters, Better than putting in FD
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 May 1 2009, 04:38 PM
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and also what is the entry price for this counter? |
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May 1 2009, 05:39 PM
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#2
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QUOTE(cherroy @ May 1 2009, 05:31 PM) 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. I just read some article in OSK website talking about BJTOTO which is way back in March 2009Borrow to pay dividend is not a good news for shareholders. 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 |
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May 1 2009, 08:03 PM
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#3
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QUOTE(cherroy @ May 1 2009, 06:17 PM) This is not related what we discussed the story behind of Bjtoto and Bjland (its parent company). thanks for the advice.. i will continue with more homework...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. i just dont want to burn myself for the first time when buying big counters.. as you know my fund is very limited... |
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May 15 2009, 09:39 PM
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#4
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Price seem like on the high side for PANAMY la...
If the were to offer a split then would be good la... |
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May 16 2009, 02:06 AM
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QUOTE(panasonic88 @ May 15 2009, 11:05 PM) for the past 3 years, panamy is so generous on their dividend + special dividend, one can expect a RM1.00 DIV around May/June, and another 15 sens on Q3. do you hold any PANAMY yourself?i wonder will they repeat the same pattern. I am thinking of selling some of my mutual fund and invest in high dividend counters... my friend just advice me to pick up some BJTOTO if they really drop till RM4.50 he say this counter give the high dividend and good capital gain.. any comments for me before i really put my foot and naik kereta? |
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May 16 2009, 02:31 AM
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QUOTE(darkknight81 @ May 16 2009, 02:15 AM) That is the point ....sustainability of the dividend... just to add on.. the volume is very low for this counter la...If you take a look at the financial report... DPS 2004 60 sen 2005 200 sen 2006 115 sen 2007 115 sen 2008 115 sen For the dividend side yes i can say it is quite constant so far but how about in future? EPS 2004 94 sen 2005 -5 sen 2006 59 sen 2007 77 sen 2008 87 sen Problem is here... EPS is lower than DPS.... SUSTAINABILITY is not there....We need EPS to be higher than DPS for long term dividend sustainability....you cannot keep on paying more to the shareholder than what you actually earn... Net asset per share 2004 RM 11.96 2005 RM 11.48 2006 RM 10.63 2007 RM 10.24 2008 RM 9.96 Net asset keep decreasing i beliv is due to asset depreciation and also due to the "too generous" dividend payout like what i said paying more to the shareholder than what they actually earn..... Export (MILLION) 2004 RM 389 2005 RM 359 2006 RM 322 2007 RM 274 2008 RM 278 In conclusion... how long can they sustain their DPS of RM 1.15 PER SHARE? i think is very hard to buy or even sell cause is like snail.. or worst than snail... |
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