BJTOTO earning up 62%

BERJAYA SPORTS TOTO BERHAD (BJTOTO)
- Second quarter ended 31/10/2011
- Announcement date 12/12/2011

BERJAYA SPORTS TOTO BERHAD ( BJTOTO ), Q2 2011

BERJAYA SPORTS TOTO BERHAD  ( BJTOTO )

- Second quarter ended on 31/07/2011
- Announced on 21/09/2011

BJTOTO - More games than others - Part 2

Whenever a punter walk into Sports Toto outlet, it is like walking into a food-court. There are plenty of choices to choose.

Else Magnum and Tanjong, its like walking into a wantan mee shop. Just wantan mee, the only choice is either soup or dry.

Why BJTOTO able to get more games than others?
Puzzle isn't it?
Anybody know? For sure I don't know.......

BJTOTO - More games than others

Why BJTOTO managed to have more games than Magnum and Tanjong?

As recently BJTOTO quietly selling their new game, 4D Jackpot. Without replacing their existing game with the new one, hence the company has 7 games in hand now.

Magnum, a pioneer in the gaming industry after more than 40 years there only get one new game, 4D Jackpot but too bad there have to share the pie with BJTOTO now.

While Tanjong is like a sleeping giant. Hardly heard any news from them, beside the take-over from Genting. This company has not launched their new game after promised to do so when Magnum launched their 4D Jackpot two years ago.

BJTOTO - Why you made me cry

BJTOTO closed at RM4.50 !

This is the most unwanted scenario, as I sold mines yesterday at RM4.39......... 11 cents different or indirectly lost RM110 per lot.

One scary thing came across my mind now, CHASE !

This is not a good idea, as many Investment Gurus had advise, never chase a rising share.

But it only rises 20 - 30 cents, there are still room to move further.  Lots of inner fighting in my mind now.

Oh well, my final verdict, NO-GO or won't be buying for now.

Will stick to my TP of below RM4.00.

BJTOTO SOLD

Sold BJTOTO this morning at RM4.39, with some contra gain.

Bought it last week, hoping it will raise after the announcement of new 4D Jackpot game.

Too bad, it doesn't materialized but luckily it went up for last two days. Phew.....

Initially thinking of hold it for awhile but due to uncertainty in the share market nowaday. Its not a good time to hold any share now.

Maybe will buy back later at a much lower price.

TP below RM4.00.

BJTOTO provides another chance to be a millionaire !

The company just launched their new jackpot game two days ago.

The game is called 4D JACKPOT.

Sound familiar isn't it? Yes, the game is nothing new to punters here, as it was similar to Magnum 4D Jackpot which was launched on September 2009.


BJTOTO 4D JACKPOT
            vs
MAGNUM 4D JACKPOT !




Who will win ? Both will win and the loser goes to MALAYSIAN ! As more games to bet, meaning more money to 'contribute' but more chances to be a millionaire!


As the game has been doing well for Magnum, it is also likely will help BJTOTO to grow its sales and further expand its gaming market share.

Buy BJTOTO?

Definitely a stock to watch for long term.

Why BJTOTO Q2 earnings fall 36%?

BToto said the decline was due to  :-

1) Higher pool betting duty
2) Higher prize payout
3) Higher finance cost.

The Q2 earning fall 36% from RM102 million last year to RM65 million in 2010.

Their revenue downed 1.3% from RM857million to RM845million this year.

Meanwhile, earnings per share were RM0.487 against RM0.762, but there managed to declare a four sen dividend per share.

BToto said, “Sports Toto, the principal subsidiary, recorded a decrease in revenue and pre-tax profit of 2.1% and 39.2% respectively as compared to previous year corresponding quarter,” it said.

The decline in revenue was due to a lower number of draws while the drop in pre-tax profit was mainly due to the increase in pool betting duty from 6% to 8% with effect from June 1, 2010 coupled with higher prize payout compared to a year ago.

It said for the first half, the group recorded a marginal drop in revenue of 0.1% and a decrease in pre-tax profit of 32.2% when compared to the previous corresponding period.

Frankly, this is good news because my target price to buy is below RM4.00. Not an easy target !

Will take this good opportunity to buy if it goes down because of bad Q2 result.

The falls is going to be temporary and it will bounce back in long term especially with the reduction of Special Prizes winning amounts from 15 Dec onward.

Ha ha, you fall I catch !!! Is it a falling knife or gold bar !!! Will see........