Supermax holder must be pain today 😓

hkl from 12... should be immune ald ah... hahaha... one more ringgit to go

topglove making bear flag... soon to follow...

Nitrile glove price in september 2021 is cheaper than april 2020. increased in volume could mean gained market share from other countries.

For u.s market, nitrile glove took 15 months from april 2020 price to reach peak price and 3 months to drop below april 2020 price. oops! broken clock strike again.

This post has been edited by icemanfx: Oct 23 2021, 01:19 AM

RM 2 soon...

Doubt will hit that at the 2.30 a lot of big buying will come in the next

Top Glove sits on RM860 mil paper loss on massive share buyback

https://www.theedgemarkets.com/article/top-...e-share-buyback

It is a matter of time, topg need to realize this loss in p&l.

This post has been edited by icemanfx: Nov 2 2021, 09:44 PM

2022 is a good year to declare since Government introduce on off prosperity tax for FY 2022

Meant LWC foresee it's coming & 1 step ahead?
😅

he may already know even before announcement

CEO himself started buying his own stock at 2.6
https://www.theedgemarkets.com/article/lim-...-dips-below-rm3

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 post has been edited by Boon3: Nov 4 2021, 06:42 PM

And ya...

https://www.theedgemarkets.com/article/top-...pairment-needed

So you do not think that the boss should be held responsible for the reckless share buybacks last year?

you have a trader's mindset. But remember, the CEO of his own company is not a trader

Did you follow how he bought back his shares? I did. The shares buyback was insane. Then, he used Tropicana to purchase his shares. Only then he used his own money. At current price, all these shares have lost more than one billion already.

Yes, I am a trader. Do not judge the messenger but the content of the message itself, ya.

the problem is when the messenger injects his own viewpoint into the message, he becomes a biased messenger

Haha.. of course. You have your point.

So have you followed how the company bought back its shares last year?

This would be a relevant issue right?

This post has been edited by Boon3: Nov 4 2021, 07:50 PM

Btw... is it not possible to have a CEO to indulge on the stock market excessively?

from the article that you shared, the company said that it is not a paper loss, so would it be an issue?

a CEO "indulge in stock market" vs a CEO buying his own company shares are two very different things. The motivations are very different.

for the record, all the big 4 glove companies have made stock buybacks, just to varying degrees

Well, you be the judge based on the following facts yourself.

The company has splashed out 1.412 billion on share buybacks. Average price of those buybacks is 7.13.

The shares closed the other day at 2.49.

Which means those share buybacks is now worth only 492.843 million. These share buybacks is now worth 919.6 million less....

So how would you define this 919.6 million? Gone? Evaporated? Lost?