Sold My UOADEV

1. Sold my remaining UOADEV at RM1.47. :) Still holding some. :)

2. Congratz to all cyber friend who hold Tambun. :) hng, alwayswin, Teng & the rest. :) Look like it is set to go higher. :) Good luck guy. :)

3. BJTOTO only inch up 4sen today. :( The special dividend would be around 49sen if BJTOTO manage to list STM  in SGX by year end. :) In full anticipation waiting for this to come true. :) ha ha ha. Good Luck all !!

BToto to spin off Sports Toto in RM6b deal

Berjaya Sports Toto Bhd (BST) today announced plan to spin off its subsidiary, Sports Toto Malaysia (STM), into a business trust to be constituted in Singapore.

The group also intends to list the STM-Trust on the Singapore Bourse, SGX-ST, via an offer for sale and a new issue of units in conjunction with its initial public offer (IPO).

In a statement today, BToto said it would divest STM to the STM-Trust for RM6 billion, to be satisfied by the issuance of 4.43 billion trust units issued at about S$0.50 (RM1.24) each and some RM527.4 million (S$213.4 million) will be settled via the issuance by STM-Trust of a promissory note or bill of exchange in favour of BToto.

STM-Trust will also issue up to 460.0 million new units in conjunction with the IPO and the pricing would be determined via book-building process.

"The monies raised will be utilised to settle the aforesaid RM527.4 million note, to defray expenses of the issue and for working capital," it said.

BToto said it would also make an offer for sale of up to 540.0 million trust units at a price to be determined via the same book building process (OFS).

In all, a total of 1.0 billion STM-Trust units will be made available to institutional, corporate and retail investors in conjunction with the IPO exercise which will represent about 20.46 per cent of the total enlarged outstanding units of 4.89 billion.

On rationale, BToto expected the spin off to unlock further shareholder value in STM, by accessing a potentially larger pool of investors of non-Syariah compliant stocks.

The STM-Trust will be mandated to only invest in gaming type businesses and investments. It would be managed by a Trustee-Manager which will be incorporated in Singapore as a wholly-owned subsidiary of BToto under the proposed name, Sports Toto Malaysia Management Pte Ltd.

Maybank Investment Bank, Malaysia and Maybank Kim Eng Corporate Finance, Singapore have been retained as Adviser to BToto and Issue Manager and Adviser for the IPO, respectively.

Commenting on the scheme, BToto Chief Executive Officer Datuk Robin Tan Yeong Ching said shareholders could also expect to receive special cash dividends from net proceeds to be raised from the OFS.

The scheme would require approvals from both the Malaysian and Singapore regulators, as well as the greenlight from BToto's shareholders for the divestment of STM to the STM-Trust, which is expected to debut on the SGX by year-end.

The group yesterday announced to Bursa Malaysia its suspension from trading with effect from 9 am, today. The counter was last traded at RM4.25. -- Bernama

Scalp Trades Dated 4/6/2012

1. Buying spree today. :)

2. Bought PAVREIT in 2 batches, 1 at RM1.22 and the other batch jump queue at RM1.20. Bought back some UOADEV today at RM1.48 and RM1.45 respectively. :)

3. DJ future rebound !! Hope tomorrow can start reap profit.!!

4. hng & Teng, with Tambun closed at 0.505 and T-WA closed at 0.155. those who bought OR at 0.08 and exercised, would now only managed to break even. I was initially quite optimistic that T-WA would go surpass 20sen. :( but it turn out highest only at 0.165. Need to pay more time on this, probably wait till it dividend announcement. Good Luck and All The Best !!

Sold TWRREIT

1. Sold my TWRREIT at 1.40. :)

2. Congratz hng, for your profit on Faber & Ytlp-wb. :)

3. I am still keeping tight on my UOADEV & Ytlp-wb. :) Hope can dispose them all next week. :)

4. Below is the Tambun write-up after RI, contributed from our cyber friend 'hng'. Thanks hng !

After right share, Tambun share volume will increase by 40%. Based on its latest Q1 result, EPS = 4.14sen, diluted EPS work out to be 2.95sen, Full year EPS= 11.8sen. Based on its 40-60% payout, dividend likely to be 4.7sen net for current financial year, which give rise to prospected 8.8% nett. 

As earlier indicate, Tambun already proposed dividend of 3.8sen nett for last FY2011, which subject to AGM approval on 15 June, dividend yield is 7.2% nett. 

Based on above fundamental, i could assure that even there is selling pressure upon listing of its right share on 4 June, but as investor, we could work out its intrinsic value and take into account its high dividend yield by waiting another 1-2wk to enjoy its dividend of 3.8sen nett after it secure approval for dividend payout in AGM on 15 June.

EPF Is Buying YTLPOWER ?

1. Scalp traded above today.

2. Teng, see above i sold all MudaJaya at RM2.65. :)

3. Sell 0.40 & buy 0.395 ytlpowr-wb twice today. :) Should have traded 2 times more on ytlpowr-wb. :( but not adventurous enough else intra-day profit would be even more. At least can further bring down the average price. :(

4. Sold UOAREIT at 1.38 and buy back at 1.36 but only partial matched. Above can't show the partial matched counter. I wonder why ?

5. Bought in TWRREIT at 1.39. Should be no problem making profit on this one.

6. I do hope the support from EPF on YTLPOWER is persistent enough and continue to sustain the buying forces to up surge the price back to 1.70 to 1.80 level else it will be quite difficult for WB to go up as YTL is keep reducing their holding.

7. Congrat hng on your UOADEV & TAMBUN. I wanted to buy Tambun-OR at 0.075 yesterday but decided to call off the plan. I had enough UOADEV already but will start buying in again maybe starting from next week. Let's all laughing all the way to the bank especially when UOADEV approved the 10sen dividend during AGM. :)

8. Teng, i am placing buy order for MudaJaya at 2.60 and below for tomorrow, a head up information for you. ha ha ha. Hope can get it, just by swing trade on this counter is good enough to earn decent money. Let's huat together. GOOD LUCK.!!

Scalp Trades Dated 3/5/2011

1. Scalp trades today :-

AMFIRST - bought 1.21

2. 5176 SUNREIT SUNWAY REAL ESTATE INVT TRUST


3rd Interim Income Distribution 1.70 Sen

Third Interim Income Distribution of 1.70 sen per unit (of which 1.69 sen per unit is taxable and 0.01 sen per unit is non-taxable arising from interest income) for the third quarter ended 31 March 2011

Entitlement Type: Income Distribution

Entitlement Date and Time: 19/05/2011 05:00 PM

Year Ending/Period Ending/Ended Date: 30/06/2011

EX Date: 16/05/2011

Payment Date: 09/06/2011

3. GAB back into buying spree again by :-

4. A good pick from hng - "Tambun". You guy may consider buying some for price appreciation. Good solid 4Q result, high profit margin and low PE. This type of result will surely reflect on the share price. :) If the 1Q result remain rebust then it is a gem stock you may be looking at, at current price. Good luck folk and thanks to hng.