Distribute wealth? Do you really believe all such rumours. Lol. That's the easy way out, isn't it?

How about if I say the boss is way to determined and relentless in trying to maintain his stock's market cap?

Why not? Company got profit windfall ma. He wants his stock market cap to challenge Maybank. Understandable. Sudden extreme richness brings extreme wishes....

So could this be why his aggressiveness in buying back the stock, trying to maintain  certain top price for his stock?

No matter what... right now... the way the company is buying back the stocks is not good for the shareholders. Current prices indicate a paper loss of close to 100 million. If the stock reaches a low of 6, losses will be over 200 million.

If one is the shareholder, one has the right to ask.. Wtf.

If you want to reward is, give us cash.

The way the company is conducting its buyback, the shareholders rewards dimishes!!

tq tq noted. like you have mentioned, TG been doing it quite aggressively. Tropicana bought into top glove share which means they are losing money atm

"Based on a back-of-the-envelope calculation, the property developer paid an average of RM6.97 per share for the lot." - from the Edge news
haha TG closed rm6.65 on friday

Quite clear Tropicana has the money but then it's not really that rich cos whatever money Tropicana has, it's limited cause tropicana own financial obligation is massive. Their QR shows they need to finance their massive loans which at the mement cost roughly some 30 million plus in interest per quarter. To buy more is sending Tropicana on a first class jet to Holland....

Maybe tan Sri persuaded trop directors to buy & promise TG stock will hoot to the moon & give dividend kaw2..
😂

Cash is king, should have waited for the price to fall further to flush out those using margin trading.

Yup. In regardless of whatever theory one may have, as it is, clearly the execution of the buybacks is very poor.

One literally has a mountain of cash (1.2 billion) ... and yet the buyback is showing losses of close to 100 million.

Cash is king, should have waited for the price to fall further to flush out those using margin trading.

Update for the week ending 4th Dec 2020



Total number shares bought from 9th Nov to 4th Dec... 175,800,100
Sum paid for these shares = RM1,267,158,283.99

Average price for these shares is ... 7.20795

Closing price of Top Glove on 4 Dec = 6.65

Marked to market, the total market value of these shares bought back is RM1,174,344,668.00


Current marked to market prices losses is RM98,087,618.99

there is no requirement for treasury shares to be marked to market with changes between the cost and market price to be recognised in the profit and loss account.

Ahhh..... let me say this on the marked to market prices of these shares bought back.

From the Star biz:
Source: https://www.thestar.com.my/business/busines...glove-share-buy

There lies the issue with buybacks...

Companies doesn't need to report the end result from their buyback actions.

If right now, TG gives these share buybacks as a reward to its share holders, how many share holders are wise enough to realise that the way the shares were bought back, they had actually received 98 million less in dividends.

Yup... this is the way it is.

So before one goes yippee kay yay over buyback shares as dividends, do realise that perhaps an outright cash dividend is simply much better!

Ahhh..... let me say this on the marked to market prices of these shares bought back.

From the Star biz:
Source: https://www.thestar.com.my/business/busines...glove-share-buy

There lies the issue with buybacks...

Companies doesn't need to report the end result from their buyback actions.

If right now, TG gives these share buybacks as a reward to its share holders, how many share holders are wise enough to realise that the way the shares were bought back, they had actually received 98 million less in dividends.

Yup... this is the way it is.

So before one goes yippee kay yay over buyback shares as dividends, do realise that perhaps an outright cash dividend is simply much better!

Share this to the stock market discussion (98m less)

Ahhh..... let me say this on the marked to market prices of these shares bought back.

From the Star biz:
Source: https://www.thestar.com.my/business/busines...glove-share-buy

There lies the issue with buybacks...

Companies doesn't need to report the end result from their buyback actions.

If right now, TG gives these share buybacks as a reward to its share holders, how many share holders are wise enough to realise that the way the shares were bought back, they had actually received 98 million less in dividends.

Yup... this is the way it is.

So before one goes yippee kay yay over buyback shares as dividends, do realise that perhaps an outright cash dividend is simply much better!

In accounting point of view, if the company making some loss in normal business circumstance, the loss can reduce the taxable income which mean pay lesser tax.
In SBB circumstance, if company spending cash to SBB and making loss, how does it affect the financial book? Are they entitle to pay less tax?
If not, is the act of SBB in this case in the best practice and benefit the shareholders?

What I know is buybacks is not tax deductable.

Well.. based on current data, would you want cash or distribution of the shares bought back?

The money should be used for reinvestment and generating more profit or rewarding shareholders by distributing dividends rather than SBB with my 2 cents.
It's a very good lecture class in this topic.

Maybe EPF needs money very badly at the moment and TG providing support? haha

The money should be used for reinvestment and generating more profit or rewarding shareholders by distributing dividends rather than SBB with my 2 cents.
It's a very good lecture class in this topic.

Oh, yes. That's one of at the arguments on Wall Street currently. Many large corporations used money extensively for buybacks which ultimately left not much money for reinvestment and research. There was even an article on WSJ recently.

Clearly, if I was a Top Glove shareholder and seeing how badly executed/managed the buybacks, I for one, would demand cash dividend.

IMO, there may be something which the owner and the shareholder is doing at the back to prevent the stock from going down further, end of the day TG was always on the spotlight during recent times. From the dorm issue, lockdown on multiple factory due to workers infected with covid, kena sue by gov for their issue.
I think they wanted to maintain the stock price at certain target so they can list their share on HK at a better price or maybe founder ambition to be top 500 company in the world.

IMO, there may be something which the owner and the shareholder is doing at the back to prevent the stock from going down further, end of the day TG was always on the spotlight during recent times. From the dorm issue, lockdown on multiple factory due to workers infected with covid, kena sue by gov for their issue.
I think they wanted to maintain the stock price at certain target so they can list their share on HK at a better price or maybe founder ambition to be top 500 company in the world.