If RiverStone doing glove for clean room, then sure share price dropping...
It is good that if Riverstone start doing surgical glove

BTW, Espree! Latexx result already out jor. That's when I started saying latexx is good as prior the quarterly result, I didn't notice it...

Oh!
We should compare notes on MULPHA 'cos I'm in the same boat as you - and I also don't like RIs.

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Added on August 18, 2009, 2:17 pm
Overwhelmed by The Great Malaysian Mega-Sale

The one that announced on 31 July.
Div is 1 cent not RM1 

6:03PM  1H net profit 20.554 million (increased 803.08%)

There is no such thing of a standard fair value, it depended on individual call.

Some can say 14.00, some can say 18.00, all are right based on their valuation.

Valuation or fair value call is about your expected return from it.

Just like it is paying 90 cents dividend pa. so we need to see its EPS at least >90 cents, which to justify the cost we are paying let say 18.00, which translate into 5% yield. <--- do you satisfy the 5% yield from the stock? If answer is yes, ok Rm18.00 is a fair value for you. But if I demand more because of more risk involved in current economy situation, so I aim for 6%, so my fair value is Rm15.00.
Based on current fundamental factor (if EPS and dividend doesn't go up), Rm18.00 actually can sell liao as a bit toppish already, little more room for the upside unless there will be significant EPS improvement.

The one that announced on 31 July.
Div is 1 cent not RM1 

6:03PM  1H net profit 20.554 million (increased 803.08%)

another reason partly also because of the bee-effect, the popular blogger uncle sam is buying & holding it, and he is positive on the upcoming qtr report.

Is it still worth to buy this counter?  Your revised forward PER is low is it?

don't like that lar. Currently, I like all my holdings. Hard to decide which to throw...
Mulpha is currently giving me some headache as I normally don't like rights issue.... 

Market totally dead...I don't think there's been a single transaction in the last 20 minutes.....

....either that or my screen has hung......

-OR generally will be listed for 1 week or so only.

-OR is just the right for you to subscribe the right issue. It is not a conversion.

Market totally dead...I don't think there's been a single transaction in the last 20 minutes.....

....either that or my screen has hung......

Oh!
We should compare notes on MULPHA 'cos I'm in the same boat as you - and I also don't like RIs.

---

Added on August 18, 2009, 2:17 pm
Overwhelmed by The Great Malaysian Mega-Sale

You're refering to Riverstone or Latexx???
I didn't study on Riverstone... I only comment that clean room gloves are not doing well in current economy. If Riverstone decide to do surgical gloves, it may have good business. Anyway, I don't know the process differences between the 2 type of gloves (in terms of equipment switching or need to invest new tools).

Market totally dead...I don't think there's been a single transaction in the last 20 minutes.....

....either that or my screen has hung......

LMAO, 

Market has not yet opened!! 

RI sometimes is seem like 'con job' (not really con job, just my own description). Invest in a company to seek for return, now want me to put more money pulak, if not your previously stake will be diluted.

The rights issue for Mulpha on paper sound like a good deal, but the objective is to pay debt (which something that I don't like).
I'm still hoping to hear 3rd party (research paper) opinion on this.

For RM one dividend, better re read the statements ten times.

Chance is only 1sen.