which one(s)?

I'm really curious about the 2.6 billion that TG 'invested' in dunno-what-on-earth-money-market-fund'. (listed as investment securities in QR)

I read in an interview that the boss was actually asked about it but he brushed it aside as money market fund as it wants to gain more than fd.

Now, the obvious question recently was why hasn't TG buying back shares lately.

Well, with 2.6 billion in the dunno-what-on-earth-money-market-fund and 1.3 billion set aside for dividend payment, obviously TG cannot do buyback unless new money comes in or TG liquidates that 2.6 billion thingy.....

TG didn't liquidate that 2.6 billion... despite yesterday carnage. All it offered as defense was that '20% special dividend' announcement....

Yup... I am scratching hair now lo...

It's nothing more but a publicity stunt for me, more so when I put TG halting trade to announce that the boss bought shares into perspective.... yes, this is why you can't really fault others if they start to call TG getting desperate.

Now..... what if the next bad news/selling comes ..... how then?

Again it points directly at that 2.6 billion thingy ......

The boss was desperate defending the stock price around 7... but now we are talking about 5.6++ .... how come no action? How badly is his hands tied up to that 2.6 billion thingy.

Was it a collateralized 'investment'?

This post has been edited by Boon3: Jan 5 2021, 10:00 AM

LoL

There's no need to go for personal attack like that. He has his reasons to like glove stocks. He bought them, he recommended them for what he believed, there's nothing wrong with it.

I had stocks that no ppl would buy due to value trap but I had my reasons too. You can give your opinions but please don't go for targeted attack like this.

Buy glove. Rebound because several put warrants expiring soon. Then wait for the ultimate short squeeze around next month. Again, all technical buys fast in fast out . Fundamental remains intact but market doesn’t think that way. Follow the trend. Wait for institutions to fuck all those retail short sellers. Always happens

This post has been edited by lauwenhan: Jan 5 2021, 10:05 AM

Fully agree.

Good morning folks.

Glove stocks are recovering slowly especially for Top Glove where my ammo are concentrated.

On a different note, last year I entered and sold Optimax twice because there was no movement. I noticed that Optimax has finally moved these 2 days, up about +12%. For the past one month, it has gone up about +29%.

Well, we can't catch them all. This is not Pokemon.

Bought some top glove. Not much la. Play play saja

Go down because of call warrant.
Go up because of put warrant.

Go up and down all because about warrant.
Warrant takes all the blame.

ok!

looks a bit of recovery todday - after days and weeks of decline.

i think warrant effect is not so relevant anymore.

more effect with PSS, RSS, i believe.

last dividend 16.5 sen will be paid on jan 11.

It’s a one day effect that’s all. Day trade opportunity for gloves. Stocks are random in the short term

I just leave this here

Well, the special dividends effect. They already commit 50% and if they really commit the extra 20%, you're looking at around 2/5 of the 16.5c which is another 6~7c.

So now instead of 60c++, TG could give up about 90-100c dividends for Y2021. That boost DY to double digits.

This post has been edited by andrekua2: Jan 5 2021, 10:28 AM

I am not yet selling the TG that I bought at 5.25 although I regret to not buy more after see the data yesterday.

Those who buying/holding TG and spmx, be aware when the price rebound to 6.xx range. That is critical moment to see the gameplan of funds.

Today RSS so far only 80,308 lots (as of now writing) compare to yesterday 1,061,116 lots.

cheers!

i`m confused, which dividend.

RSS got margin call? lose steam after SS so much?

spmx or TG better buy now? thinking of averaging down my spmx but TG seems have more news than spmx lol.

This post has been edited by ben3003: Jan 5 2021, 10:34 AM

HLIB, PBB, MIDF, TA all gave new reviews, TP's after dividend announcement.
https://klse.i3investor.com/servlets/ptg/7113.jsp

yep, think can expect rm1 or so total dividend for FY2021.

Supermax share dividend 1 for 45.

supposed to be credited today.. likely end of day.


gee... 106 mil shares? out of total 346 mil, that 1/3.

well, need to buy back sooner or later!

This post has been edited by AVFAN: Jan 5 2021, 10:39 AM

tyvm.

This post has been edited by Syie9^_^: Jan 5 2021, 10:40 AM