BINGO !!! As expected, GENM only declare 3.6sen dividend as what i was predicted earlier. The profit also expected to be stable where it registered RM305million on this 2nd Q. Consolation is that, a 0.6sen dividend higher to its corrsponding Q. Hokkien people say "No fish, shrimp also can lah"....
GENM qtrly report here.
3.6sen dividend represent about RM200millions, which mean there is about RM100millions left over in retain earnings. Lets work out the final cash balance for GENM.
Est. cash balance after covering all it acquisition, shares buyback and licenses here = RM1.12billions
Add this Q profit after minus dividend = 1.12b + 100m = RM 1.22billions.
GENM still have approximately RM1.22billions to be squandered away.
What do you think GENM will do next ????
4 comments:
Portfolio have sold off all bjtoto at 4.15, realize one time big loss :( due to disappointment over missing special dividend.
Portfolio have today increase further stake of PJ development at 70.5-71.5sen and bought kfima at 1.16-1.17
Portfolio 1
1. PJD 150% (cost: 71.2sen)
2. kfima 44.2% (cost 1.163)
Portfolio 2
1. PJD 120% (cost: 70.8sen)
2. kfima 31.7% (cost 1.16)
Friend, tell you one thing. This Vincent never fails to amaze me. I have seen BJToto thru 2 crisis and from what I gather, somehow "someone" seems to manipulate to suppress the price of this counter even when all others have "flew" this BJToto will still be in the pit.
BUT, yes, but, when BJtoto moves, it will be the last counter to move when the market is at it;'s all time high. That's the time when you should watch out... it's time to get a hell out.
The man will make you go cracko for not "letting the price moves" he will frustrate you until you let go. Then it's his time. Just stick around and play his game.He has the majority share and will manipulate the price as you said ..by manipulating the dividends. To push the price up he issues good take home dividend. Then to suppress the price, he'll hold the shareholders fund until you get fedup and get out. Me? I'll wait him out. Even if I have to wait for the cow to come home. I am not going to let him have my dividends!
hng, let go so soon on bjtoto ? Sept just round d corner, 1Q result will out then. Sorry for yr loss. :(
elmo, you mean to tell hng let go just too early ? hahaha.
Me too, will wait till the cow come home. :) after all have been keeping for umpteen years. oh yeah, bjtoto is the last to shoot and it mean d end of bull...!? see how it fare come next 1Q early Sept.
Horse,
you are right. BJtoto makes money. Sometimes more, some times less. But it always makes money.
This money earned will either be disbursed to shareholders as dividends or "kept" with the company as shareholders fund. So no harm to keep as dividend stock.
Years back BJtoto's fund were one way or the other leaked out into her "cronies" for use.that's when the investors dump BJtoto. Price dropped.
Later when the "loans" were paid/returned, that's where the games begin. Our friend have scooped up enough of the lowly prices shares, then started to give out dividends and sp div until the price is high enough for him to unload. Many investors found out that they had it.
Looking at the present EPS, NTA and esp. current KLCI at almost all time high BJtoto is worth much more than what it is today. Some jokers has a hand in the price manipulation. I think when times comes it moves it will really moves. That's after many got frustrated with this counter and has already let go. I am waiting to see if history is going to repeat itself.
That, my friend is just my 2 sen feeling. May be I am wrong.
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