ya, i follow.

in 6 months time, they will using 2022, 2023!

of course, need to manage the risks... see how things shape up by year end.

many things may be totally obsolete by then... surprises, surprises...?

This post has been edited by AVFAN: Sep 14 2020, 02:32 PM

... yup ... anything can happen in 6 months.....


anyway... I have written this event M event down...

just amazing...
two brokerage having almost the same set of estimates...
one got 'blamed' for telling it as it is.... whilst the other just kept quiet as if it isn't there....

yup... market bull and the bears....

Maybank also just did one, similar to CIMB... TP 9.xx, FY2022 PAT dives.

sure u can find it.

This is 50% of the contributing factor why i buy genting. I don't know why their shareholder base so hardcore believer one.

Buybacks will not and will never ever able to stage a wild comebacks. Its so obvious the whole thing is staged and a very well planned show.

chart - candle stick on Thursday and Friday shows a technical rebound

fundamental - everyone is expecting a bump in coming quarter QR

sentimental - LWC and co share buyback, and appear in TV to calm investor

when all 3 is ticked, what could go wrong on monday?

Sry, i dun get wat u mean. I thought today is already end of monday?

The 3 signals appeared on Friday
A well informed trader would have taken notice and will trade before the closing market

Me? Biting the dust 😂

Well, try to put the buybacks into perspective of that posting.

On the 9th..



TG did made a buyback on that day...

1,392,000 shares were bought. Amount paid RM 9,995,061.12. Price was between 7.11 and 7.21

9 million. Normal buyback from any company...

Stock continued to slide big time. Double top with the stock trading breaking down fast the neckline... that would easily be sell trigger for some...



Later that day... the announcement.... 14,930,000 shares shares were bought.
This was a massive share buyback. RM 99,934,285.00 was the value!
DO search the Bursa historical share buyback.
Has there ever been another share buyback of such magnitude in value?

price paid was between 6.12 and 7.40!

okay shares were plunging... maybe they thought is was a good idea to defend the price as hell. TG closed 6.45 that day.

And the next day ... another 13,420,000 shares were bought!!!

Another massive buyback. Value was RM 99,972,625.50

But get this..... price of the buybacks was between 6.20 and 8.00

ahem.... that CLEARLY drove the prices higher. Well... the data is there.... and do tell me I am wrong!Tell me I am wrong that the buyback did not drive the share price higher!

Utterly reckless. That's my opinion. Well, if you reckon that it's staged and well planned... well, that's your right of opinion.


and btw... I posted the screenshot of TG last reported QR. Look at their bank balances (yeah, bank balances would have improved since then) ....not a whole lot of cash to be doing buybacks of such magnitude!

This post has been edited by Boon3: Sep 15 2020, 09:05 AM

If you do notice, I tend to shy away from stocks which has questionable owners.... cause I believe that leopards don't lose their spots....

it's like .... say... AirAsia... I view what the owners do rather seriously... which is why I won't touch their stocks.... even if one day, a great stock recovery is possible.

Yup, if I don't trust the owners, I avoid.... it's like what the say about stock market cliches that the owners would cheat on you the minute you had their backs turned on them (I believe this is a phrase from Livermore book)....

in that perspective... Genting ... a serial RPTer ..... always using Genting Malaysia as their own private atm.....

Few incidents can raise alarm liao

> spent 200mil on share buy back, give dividend also at least 2 cent for each share
> appear in media last friday (8tv)
> US start to punish glove maker especially topglove, NZ top supplier withdraw their stock

If u look at the chart, trendline sudah broker and still trading below, forming like a head and shoulder. Sendiri pannai pannai if trade this counter.

Biggest dislike was how it conducted itself during the Aspion saga with Adventa. What happened totally blew my mind. (posted on it b4. )

Thanks for detailed explanation. Appreciate it.

But yeah, i still dun agree the buyback trigger the whole rebound of gloves sector. Its ok, we cant get everyone to agree and align on a same thing.

Yup.

But do understand that I don't simply mouth off on something. The signs were there.

Yea, on theory share buyback is noble and also by theory it increases shareholder value. But let's be honest here. This is the stock market we are talking about, and in the stock market abuses happens so regularly.

Can share buy backs be abused? Answer? If the share buybacks specifically drives the stock higher. In short, local lingo, they goreng the bugger higher. Well, that's for me, is reckless. Which is why I said what said.

That said date... 11th Sept... says it all.

I wrote..



I should not have been lazy. I should showed you the stock trading data for that said date...



The stock traded between 6.15 and 8.03 and closed at 7.76.

The buyback was from 6.20 to 8.00.

How? Wasn't it undeniably that TG buybacks drove the stock higher on the 11th?

Dunno about you but this is crystal clear to me....



Anyway... in regardless, that's in the past already. And please do realise I have zero vested interest and I will not have any in TG. Okay. My disclaimer. Lol. And yeah... a pinch of salt and tequila... that be nice.

Have a good Msia day!!

I notice you always end your msg with defensive phrase like 'I have zero vested interest and I will not have any in TG'. Any reason why?

We here just sharing opinion only, no nid to be so defensive. Share opinion only ma, can be wrong and right. If u wrong, so wat? If i wrong, so wat? Nth wrong with it. Take it easy and enjoy posting in here.

I believe no ppl will attack u or me even if wat we say is wrong

Of course there is a need to do so. You are one whom I newly interact with. You do not know me. So it's best I declare from the start.

But then of course... it's the bloody Internet. Who cares ya?

Lol

Another red flag, associating himself with stock gurus lately. Urghh

I wonder how much influence they have on his recent actions.

When you do share buybacks, you do not want anything like share disposal or even ESOS to be happening the same time....

Reason rather obvious ya....

and in TG case, the ESOS and the timing of the share buybacks ....

meaning exercise esos, then the particular individual dispose their own holding, so "indirectly" sell the exercised share.

The announcement on the 10th Sep >>>>

1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : ESOS
Details of corporate proposal : Employees' Stock Option Scheme
No. of shares issued under this corporate proposal : 542,600
Issue price per share ($$) : 1.5400
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 8,128,619,774
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 1,679,850,644.400
Listing Date : 10/09/2020

2. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : ESOS
Details of corporate proposal : Employees' Stock Option Scheme
No. of shares issued under this corporate proposal : 1,767,100
Issue price per share ($$) : 1.5700
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 8,130,386,874
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 1,682,801,701.400
Listing Date : 10/09/2020

3. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : ESOS
Details of corporate proposal : Employees' Stock Option Scheme
No. of shares issued under this corporate proposal : 1,829,700
Issue price per share ($$) : 1.6300
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 8,132,216,574
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 1,685,967,082.400
Listing Date : 10/09/2020

4. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : ESOS
Details of corporate proposal : Employees' Stock Option Scheme
No. of shares issued under this corporate proposal : 419,600
Issue price per share ($$) : 1.6900
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 8,132,636,174
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 1,686,718,166.400
Listing Date : 10/09/2020

5. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : ESOS
Details of corporate proposal : Employees' Stock Option Scheme
No. of shares issued under this corporate proposal : 677,700
Issue price per share ($$) : 3.3000
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 8,133,313,874
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 1,689,157,886.400
Listing Date : 10/09/2020

6. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : ESOS
Details of corporate proposal : Employees' Stock Option Scheme
No. of shares issued under this corporate proposal : 900
Issue price per share ($$) : 4.2500
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 8,133,314,774
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 1,689,151,044.800
Listing Date : 10/09/2020
Remarks:

>>>> the 2nd and the 3rd ESOS listing was rather huge, yes? ....