Quality and not quantity.

Laugh die me..... all the big hoo ha about Top Glove listing in Hong Kong... turns out to be nothing but an unreal fundraiser ....


Dual listing but end of day, TG is just listing extra new shares.....

TG shares will go from 8.2 billion shares to 9.697 billion new shares.
1.495 billion new shares listed

do own calculation for dilution impact lo.

reason for this fundraiser ..... err ....... I really don't know. ( Yeah, I read and I read but I still dunno. )

I mean the reasons given was so utterly pathetic... i will not even write it ....


and the stupid money will ask... nowadays, Top Glove no money meh? Need to sell shares in HK? So cham meh?

Haha. Just enjoy watch popcorn? They can use 101 reasons to goreng a stock
It's a double edge sword. But I do agree with you. Why spend so much money on share buyback? Might as well use the money for capex

We are not majority share holder, we can sell at peak valuations, eg when TG hit 55 bil market cap that time and run road with all the profit. So it doesn't concern us this fundraiser.

But topglove boss or majority holder like epf cannot do that, just imagine if they sell big lot at peak price what would happen to the whole company share price.

So most of the time, these public listed boss already experience enough to know if they do nothing and not selling, they are going to ride the share up and ride it back down with nothing to show for it except the dividend.

The only way to "profit" without selling will be to get errr new sucker to put in money at the high point of their valuations, so when they ride it down again the new "capital" money at 5.x range is well and secure as part of the company which they have majority share

LOL!!!

But...... fundraiser is what they called it on their Bursa announcement.

er ...... boss had a dream (or is it 'obsession'?) .... to be bigger than Maybank ... and then dunno what Fortune what company listing ....

Let's say if they did a successful placement at current RM5.x price range and over subscribed.

With 35% holding, it would net the founder and it's family around 2.6bil in real money into the company, not a bad payday don't you think without selling any shares at all

... which gives them more money to waste in share buybacks....

Buyback reduce EPS ma. Very good for share holder.

But buy until so hard, one time wallop 1bil share for dilution

Hahaha i don;t know why i keep attack TG. Actually many company management team also do this kind of questionable stuff, and i still buy their share

of course reduce eps... but that's the theory.

execution is another story altogether.


at current rate ... what's the use of the reduction of eps when the share buybacks is gonna lose few hundred millions of $$$$ ?

They feel that the share is undervalued, maybe?

Even hartalega boss also buy their own shares

Of course ... they will feel that their share is undervalued.

But what if it isn't? What if they are wrong?



Being good in their business and being good in the share market is totally 2 different things.

Look at the end results so far...

Share buyback... lose hundreds of millions.

Use Tropicana money to buy TG shares.... lose money.

Use own money to buy TG shares.... also lose money.

haiya. no point pull the judgement trigger too fast yet

they will announce QR in another 2 weeks

the market is just getting weirder these days

Hmmm......


You shareholder issit?




Share buybacks started Sep ... based on 5.24 now losing 363 million.

Tropicana shares purchased was in Dec.... now losing 22 million

his own shares purchases since Dec.... now losing 13 million

let me count .... 1.6 billion splashed on buying TopGlove shares since Sep 2020 .... now losing 400 million....


err ..... this all this based on facts .... if you don't want to judge ... let it be lo....

only 400 million....


No problem what.... since Top Glove so rich... makes so much money......







alamak.... wait a minute.... if make so much money.... want to do a share listing in HK to raise money? (lol ... basically it's a rights issue in HK. )

by the way, was curious why you are optimism on the share market in general after the mass covid vaccination

I am forever optimistic la but that doesn't mean I will be trading all the time. When there is no opportunity, I will just sit.

TG... when a company is rich, what the company does with its money is so important.

Based on my observation from your post.

you seems to hold much cash now

and you are anticipating a correction in the market

being said that, can you share abit of your opinion on the weird market movement in general currently?

the ARK ETF thingy, may cause a domino effect

Aiyoyo.. U observe me for what la.

Stick to what you are good at and certainly try not to follow me.



So what so weird about the market?

Superman...



and once again .... the scariest thing is we have yet to see a heavy volume selldown ....

yup... no sign at all of any capitulation yet at all.

Hand itchy bought back orna

End up have to cut loss

Geram nya