Dec 10 2021, 04:10 PM
QUOTE(Boon3 @ Nov 4 2021, 08:33 PM)
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?
U should look at Topglove own share buybackhttps://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?
Total about 200mil shares purchase, average price paid RM1.4bil+, average price RM7 per share
Now trading at RM2.20, that's lost about 70% in paper, meaning the share buyback has cost the company losing about RM1bil on paper
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