Dec 14 2021, 12:44 PM
QUOTE(Boon3 @ Dec 13 2021, 06:09 PM)
yhtan
Long time no update...
Total shares buybacks from 9th Sep to 22 Feb 21 = 200,157,700
Sum paid for these shares = RM1,412,588,732.98
Average price = 7.057379
Based on today's closing of 2.01, Top Glove share buybacks has lost 1.014 Billion ringgit.
EPIC!!!
It's a Zero Sum game.Long time no update...
Total shares buybacks from 9th Sep to 22 Feb 21 = 200,157,700
Sum paid for these shares = RM1,412,588,732.98
Average price = 7.057379
Based on today's closing of 2.01, Top Glove share buybacks has lost 1.014 Billion ringgit.
EPIC!!!
So who won 1.014 Billion ringgit?
JP/MACQ/GS?
QUOTE(yhtan @ Dec 13 2021, 09:00 PM)
As i told u, that 1bil he dump into sea liao
The cash would be more useful if declare dividend or keep it for future expansion
That's why i prefer H/K in their management strategy as TThe cash would be more useful if declare dividend or keep it for future expansion
The first issue they should solve it's the workers quarters, then their loan repayment.
With their tight cashflow now, i wonder how they can fight with other major local glove makers and China/Thailand ones
This post has been edited by squarepilot: Dec 14 2021, 12:49 PM
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