Considered old news ya since that was Sep article.

He's not a good indicator as his own purchases of Top Glove shares is sitting on paper losses of close to 150 million.

Ya. That bad.
And he's another perfect example on why one should think twice about following a ceo own share purchases. Many a times, these ceo thinks they are smarter than the market... sadly many times they also lose big time.
And in regards to share buybacks.. I am not an accountant but I dont recall any company ever marking their share buybacks to market prices. Hence, they cannot claim such losses. ( pls feel free to correct me on this point)

this is just my speculation, but the stock buybacks have nothing to do with good financials, rather it is a political compromise.

Remember the time when EPF needed to raise alot of funds to implement the i-sinar ilestari etc programmes. The stock buybacks coincides with EPF heavily disposing those shares

https://www.klsescreener.com/v2/news/view/7...ntinues-selling

that's why i have said that the motivations from the company standpoint and the trader standpoint is very different. But as a value investor, you need to look closely at the fundamentals in the long term, and not the short term political maneuvering. So the question is, is RM2.49 reflective of topglove's fundamentals? 

How would you describe the buyback on Sep 11th?

it's all political 

So now I am PROMOTED to be an influencer because I am showing you the data.     
Okay... here now is the boss own purchases of TG shares...

own self buy own self company hor....  could someone force his hand?????



total shares purchased during this period.... 52,306,800.
cost of investment = 271.111 million.

current price = 2.49.

which means his sendiri purchase of TG shares is now sitting on paper losses worth 140 million.

This part ... aha... the dividends issue.... yup Top Glove pay good dividends mah...

now the boss would have entitled to the dividends as follows.....



which means total dividends received is 21.193 million.

Paper losses 140 million. Dividends received 21.1 million.
how?

Wait a minute.... did I discount the value of the company?

Did I? 

So there is zero possibility that perhaps the boss could be wrong?

Did you hear about the day, he openly declared he wanted to be no.1... to be bigger than Maybank?

https://www.theedgemarkets.com/article/fran...ual-declaration

In an exclusive interview with 8TV’s Money Matters on Sept 11, Top Glove Corp Bhd major shareholder and executive chairman Tan Sri Dr Lim Wee Chai indicated that the group would be reporting “pretty strong” financial results for its financial year ended Aug 31, 2020 (FY2020), on Sept 17.

When asked if Top Glove could become the largest listed company on Bursa Malaysia in terms of market capitalisation, Lim replied, “Of course, we will have a chance … there is a high possibility.

“Following the announcement of our financial results on Sept 17, we believe our market cap could overtake Malayan Banking Bhd (Maybank) and Public Bank Bhd by end-September or early October.”
Yes... there's nothing wrong to be ambitious but when one adds in the share buybacks, he using Tropicana to purchase TG shares, he using his own money... don't you think that in the height of it all, when TG was making all that billions, perhaps he lost focus?

This is the actual dates of the share buybacks...





Total shares buybacks from 9th Sep to 22 Feb 21 = 200,157,700
Sum paid for these shares = RM1,412,588,732.98
Look at the date of those transactions... look at the date of Tropicana's purchases... his own purchases....  wasn't he way too active in the stock market? So is it wrong to say he lost focus?

Firstly, whose paper loss? TG share buybacks? The boss own paper loss? Or Tropicana paper loss?

Now TG is worth only 2.49. That's the current market price. It is what it is worth now. So how else would you address it?   

that's why, you are a trader and thus you use trader's language to describe things. I'm just a long term investor who looks at the value.

and this is also why you don't try to go into the mind of LWC, because you're not him, and LWC is not a trader either. Whatever actions he took that doesn't make sense to you, is very different to those in the position of the CEO 

LOL. So this now becomes a trader vs value investing here?

Good one.

Way to deflect the actual issue.

I hear you... I feel you too... the market is so wrong.

and TopGlove is seeking approval to renew its share buybacks!!!

 

Good idea... let's give the boss more chance to do more buybacks!

'Burning cash before getting taxed?' 

What are you saying again?

Okay...that was pointless to even ask.

1.6 on the way...

wifey pandai pandai bought some banking knock in knock out stuff for extra interest linked to this shit around 8... didn't consult me

cannot sell until knocked in... took delivery didn't tell... even now didn't get pw to broker account...

80% down... dunno how to salvage this shit... need 400% to recover... if do nothing maybe 2030-2035 if they manage it well... lol