As expected the earning for 3Q2010 is in-line with my forecast of 97millions. BJTOTO is truely miss out a dividend this time round. Will there be a dividend in 4Q2010 ?? The chances of a dividend is better as compare to 3Q2010 as the earning is expected to be remained for 4Q2010 where it should stood at around 8 - 9sen.
Assuming 4Q2010 contribute 8sen EPS, that will give a total of 30.86sen EPS. As 19sen has been payout as advance dividend, thus, 30.86 - 19 = 11.86sen remaining for a possible dividend in 4Q2010. The introduction of the new game Supreme 6/58 may boost some earning for 4Q2010 but conservatively, would remain my estimation of 8sen EPS for 4Q due to competitive market from other betting operator.
Without clear sign of catalysts such as dividend, BJTOTO would likely to trade side way. Long term holder like me would of course dissapointed with no dividend, however, it provide opportunity of building up your piles while it is on weakness as i believe a cash cow machine would remain as cash cow machine, no matter how hard it fall. After all this is just a minor and temporary set back and recovery should be imminent.
8 comments:
Today, sold off all ken holding at 80sen, realize paper profit. Adds TH plant and TWS in second portfolio
Update portfolio + ultramargin line
1. Keladi 113.2%
2. Pharma 63.7%
3. PIE 60.8%
4. Yilai 8.7%
5. Combined total stake of Cresbld and UPA = 1.5%
Second portfolio
1. TH Plantation 52% (cost: 1.52)
2. TWS 23% (cost 3.14)
Sold off all TWS at 3.17-3.18; realize few hundred intraday gain :), channel capital bought more TH plant
Bought maximum TH plant at 1.52
Update portfolio + ultramargin line
1. Keladi 113.2%
2. Pharma 63.7%
3. PIE 60.8%
4. Yilai 8.7%
5. Combined total stake of Cresbld and UPA = 1.5%
Second portfolio
1. TH Plantation 100% (cost: 1.52)
i did a writing on BJTOTO new game 6/58 as well
http://mystockfolio.blogspot.com/2010/03/berjaya-sports-toto-berhad-announced.html
hng.. riding on thplant for its coming 8sen dividend? when it's expected to be announced?
DrSaleh
TH Plant is expect to declare 8.5sen dividend next month. I'm plan to use my second portfolio margin line to further increase stock exposure and buy stock on weakness.
All of the current stake holding are cum-dividend, with some already in paper profit of at least 4% (eg. Pharma), which i'll still wait for its dividend as well.
My ROI target for current portfolio is return of 10-20% increment of my total capital, which i think is achievable with the help from additional 1.5x margin line.
With the use of margin line, i've gear up and have increase my risk of investment substantially. But, I'm taking calculated risk and still have about 20% assets in fixed income instrument which will act as buffer in case of margin call.
Market just not in sing this week, hopefully will spur some momentum next week before Najib outline any strategies for economic end of the month.
hng - you ramp to the limit again. :) When the market sing, it will be very rewarding then & laughing all the way to Bank. Good Luck.
Today, bought more TH plantation at 1.52 using second portfolio margin line. I've also bought some keladi at 16sen, after q for so long at 15.5sen, as time for keladi to annunce Q4 is approaching.
Update portfolio + ultramargin line
1. Keladi 113.2% (cost: 15.7sen)
2. Pharma 63.7% (cost: RM 4.30)
3. PIE 60.8% (cost: RM 4.00)
4. Yilai 8.7% (cost 75sen)
5. Combined total stake of Cresbld and UPA = 1.5%
Second portfolio + margin line
1. TH Plantation 120% (cost: 1.52)
2. Keladi 5% (cost: 16sen)
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