Let me paste some of my comments from last year.... you be the judge...


11 Sep.. this day was way too drastic!!

The trading detail of Top Glove on that day..
Open price 6.45
high 8.03
Close 7.76
That was a great day for Top Glove shares.
On that day, Top Glove bought back 13,420,000 shares valued at 99.972 million.
Price range of the buyback = 6.2 to 8.00

Source: https://www.bursamalaysia.com/market_inform...?ann_id=3087742



Is there a reason why Top Glove share buyback to be so aggressive that the price bought back ranged from 6.20 to 8.00?

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

LOL!!

Okay... here's another one...



That's the actual trading data for Top Glove on 26th Nov.

The share price had already rose significantly that day, yes?

But Top Glove splashed out 9.978 million on buyback that day.
Min price was 6.90.
Max price was 6.92.
Source: https://www.bursamalaysia.com/market_inform...?ann_id=3108687


This plus what happened on 11th Sep... how would describe such buybacks? Would it be wrong to say that the buybacks were aggressive? Or is it political again?

Tropicana purchase of Top Glove shares...

https://www.theedgemarkets.com/article/trop...op-glove-shares

Here's a record of Tropicana's 'investment' of TopGlove


[b]

At 2.49, thanks to TG boss, Tropicana would had been sitting on 62 million of losses....

But luckily, Tropicana on 16th April decided to cut loss and sold some 1,895,000 shares at average price pf 5.27.


now how would you describe this?

erm, even a layman will know that in order to profit, you buy low and sell high. If you do it the other way round, either you are retarded, or you have some other motives.

So do you think the management of top glove is worse than a 10 yo child, or do you think something forced their hand?

Well, that's the issue isn't it?

if you think that's an issue, then just don't buy the stock, simple as that. I thought you were just a messenger, but now you seem to want to become an influencer instead

Don’t forget the taxes write off which is the key

Most of the buybacks are political play when EPF will lend their shares to IB to short hence TG got trapped into buy back which LWC is silly instead

The only way is to consolidate the shares instead of buy back which makes it worse because most have already disposed big time while retail got trapped big time

yes i agree that retail investor got the short end of the stick, but that's just life

but to discount the value of the company just because of the "losses" made from stock buybacks is to me, quite frankly, silly. Of course, I'm giving my opinion from a value investing point of view.

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?

Don’t bother too much as LWC made a big mistake by splitting his share hence he is in control of the company direction

The only person could force his hand is EPF and the market makers and lenders he is indebtedness to

Whenever you talking paper loss it means disvounting the valuation of the company’s wipe out

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?

TG is currently priced at 2.49. Whether it is worth 2.49 is just your own opinion

Okay... teach me la...
TG last traded price is 2.49 mah.... how else should I describe 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