Well, I think the buyback lesson of starting a bonfire in the carpark may have set in.
There are only so much resources you can commit to fighting market forces.

In the short term, as Benjamin Graham said, the market is a voting machine. Prices are hostage to market sentiment.
So this may be a move to put some positive PR and try to shore up investor confidence in the share. Personal buys and all are to hopefully convey that now is a good price and the price has bottomed out. I don't know how effective that has been, there is still way more uncertainty surrounding TG than most other counters.

Can't fault them for doing what they can.

I cheapstake ma, only buy cheap stuff

Sign of desperation.

I don't think it will happen but I recognize an opportunity when I see one.
Plus TGUAN is only on my secondary watchlist and I have other packaging companies in front of it.

wont go until that low de la unless somethg massive happens

next support at 2.50, but u can start accumulate already if want

Top Glove founder bumps up stake to 34.8%, share price up in morning trading

KUALA LUMPUR (Dec 30): Top Glove Corp Bhd, which suspended its trading for an hour this morning, drew the public's attention to a filing showing its executive chairman Tan Sri Lim Wee Chai has bought an additional 3.29 million shares at an average price of RM6.07 yesterday.

The latest share purchase has bumped up his direct shareholding to 26.2% in the glove manufacturer. Meanwhile, he also holds an indirect stake of 8.62%. His total shareholding is 34.82%.

Top Glove's share price opened higher at 10am on Bursa Malaysia after a one-hour trading halt and climbed to RM6.23 against yesterday’s closing of RM6.01 — the lowest level since early July. As at noon break, it closed at RM6.11 with 13.8 million shares traded.

Including the latest transaction, Top Glove founder Lim has spent RM69.72 million to mop up shares on the open market in December when the share price has been on the decline most of the month, no thanks to the Covid-19 outbreak among its foreign factory workers and news on the poor conditions at its worker dormitories.

On Dec 14, Lim spent RM19.98 million to buy 3.1 million shares in Top Glove with an average price of between RM6.39 and RM6.49. On Dec 9 and 10, he bought 4.28 million shares for RM29.78 million in the price range of between RM6.93 and RM6.99.

Top Glove, meanwhile, has stopped its share buyback exercise in the past two weeks. Its last purchase was on Dec 14 when it bought back 576,900 shares for RM3.63 million.

Top Glove currently has 178.36 million treasury shares, according to the latest filing.

The group might have been mindful of its share buyback exercise considering that the 2% creeping threshold limit does apply to its controlling shareholder Lim, whose shareholding will increase in tandem as the group buys back more shares.

A company’s share capital is based on the number of voting shares, any treasury share will not be included.

Based on Asia Analytical’s calculation, Top Glove will have room to buy back an additional 89 million shares as of end-November before Lim hit the creeping rule threshold.

In December, Top Glove so far bought back roughly 18.33 million shares in three trading days.


https://www.theedgemarkets.com/article/top-...morning-trading

Thanks, both. Yeah, dont think I'll chase till super low too, this range is quite decent.

Getting vaccination does not require glove ?

https://www.channelnewsasia.com/news/singap...pfizer-13864346

Ahh..... intersting point on the threshold ruling


Did some searching ...



Source: https://www.conventuslaw.com/report/key-cha...s-framework-in/

I wonder if the boss is aware of this? Is he even getting any financial advice?

This changes things a lot... can the boss afford to make a MO? If cannot, this means, the company's hand in doing buyback is tied ........

And next year... or in a couple of days.... the real shorty gang will be set loose..... then how? ...................................................



And last but not least .... the boss is so fixated on buying the company shares. He really needs to understand where he needs to draw a line. He made his fortune making gloves and obviously not as a stock market player. Being so involved in buying shares of his company, where does he find the time to look at the company's sticky problems with its foreign workers??

This post has been edited by Boon3: Dec 30 2020, 02:00 PM

Last time when UK first public vaccination time, already discussed before.

The myth of every glove is needed for each vaccination already known.

It will hover around 2.50, but I'll probably be in around 2.60 ++ when smart money come back..


Now it is still bearish, haven turn sideways..

I think still considered sideways,
today is actually the ex-date.. they will be paying dividend on 18-Jan-2021
RM 0.01 only

He must have regret didn't sell more of his shares when price was at elevated level.

Well, that was during the "Larger Than Maybank" era so selling may have been furthest from his mind.

agree!

just out only, not much change from day before.

FF... on the sidelines, little action last few days:



This post has been edited by AVFAN: Dec 30 2020, 02:33 PM

Same goes to those who kept collecting during the downtrend. Maybe some of our forumers here are now sitting on 5-6 digits paper loss

Unless share price returned to previous peak level, it was just a dream, feeling good or syok sendiri.

it is important to realize the paper value; better to have $10 in pocket than $100 on the table/floor.

This post has been edited by icemanfx: Dec 30 2020, 03:01 PM

Buy for long term, the dividends will payback the losses while prices will recover.

Can tell this to those who bought o&g share and poorperly a few years ago.

This post has been edited by icemanfx: Dec 30 2020, 02:59 PM

That's the big assumption people are debating right now.
Bull says supranormal demand will be the new normal, bear says it will normalize within the next 2 years.