My first batch 84.5 sen, my second 83 sen and today my third 81 sen.

Bought my 3rd batch at 81 sen.

Go, go, go Prolexus.

Nice closing. Why suddenly so quiet here?

Other mice sleeping.

Mouse finally come out.

@alvin88, thank you for your confirmation. This is one reason I bought into Prolexus, its manufacturing operations in China would not be affected by the current FMCO in Malaysia.

After the 5th year, Boustead has the call option to redeem the sukuk at every anniversary but if it doesn't redeem, the interest rate increases by 1% every year until a maximum of 15%. The sukuk was issued in 2013.

@Johnzhang, I did read something about it sometime last year while I was trying to determine the quantum of Boustead's huge debts. I think there's information in the financial statements in the Annual Report.

Lazy mouse.

I have no idea but usually this would be a conflict of interest.

Albulkhary has a valid point. Percentage gain is what matters most.

Get some cheese to draw out the mouse. Mouse will give big elephant a fright and elephant will finally be moved.

Haha, only takes a mouse to move the big elephant. Time to bring on the mouse!

Tomorrow if price falls further I will definitely buy. I still have half of my Boustead sales proceeds to redeploy.

Spent half an hour doing a bit of research on Rubberex and noted that the single largest shareholder did indeed sell a chunk at RM1.40 level in April ; so who bought this chunk? Significant portion of revenue is derived in Malaysia which means no worries of US Customs blocking any shipment. Am I right about this? A built up of huge cash pile might mean a bumper dividend might come.

@neutralist, I didn't compare Rubberex with the other glove companies. I just happened to chance upon it going through a free fall. No counter's market price falls forever, there's always a bottom and so long as the company has a profitable business, its market price will rise again. I previously owned Supermax for over 10 years and sold last year before it turned ex-bonus for around RM22.60 I think, and haven't looked at another glove counter until now.

@ neutralist, my money was stuck at Boustead until I sold off recently and was looking for some other counters to redeploy into and found Rubberex by chance.

Why do I buy Rubberex? Because when I buy chicken rice I see the chicken rice vendor wears gloves; when I buy satay I see the satay seller wears gloves; when I go for dental treatment I see the dental doctor wears gloves, I see the nurses wear gloves .... and I see them taking off their gloves and replacing with new ones frequently. Before Covid-19 pandemic I never see gloves.

Yes, I remember reading about it many months ago and have forgotten about it. It's a time bomb unless they re-negotiate the terms. Who holds the sukuk?

0.56 + 0.24 = 0.80. Mother will fly to 0.80?

Bought at 83 sen today, hope it doesn't keep going down tomorrow.

Prolexus have manufacturing operations in China or not?

I am wondering why you people bought into Boustead?

Bought at 74.5 sen today.

Nice closing.

Bought at 51.5 sen today.

Many made around 20% gain.

Nice closing.

Go, go, go Rubberex.

Me too.

The proceeds from my sale of Boustead last week allows me to go on buying spree today of a number of counters.

Bought at 57 sen today.

@Johnzhang, good time to scoop up undervalued counters at depressed prices.

Bought for the first time at 84.5 sen.

Syndicate can push up O&G counters anytime they want now. Last week volume has been extremely low to draw out the weak holders. One fine morning we will wake up to see O&G counters rally, dominating the top ten most active counters. I already took up position accumulating at 8.5 to 9 sen recently.

I think Mr. SSlee already requested.

FMCO no adverse impact on Reach Energy.

Buy for 6 sen guaranteed dividend then.

I sold with intention to redeploy the proceeds elsewhere but still haven't decided where.

We have to be realistic. LTAT had opportunity to privatise Boustead last year but kept deferring the decision until finally calling it off. I don't have faith in LTAT anymore.

Johnzhang, don't you ever sell?

I started accumulating Boustead from September 2020, my overall average cost is around 62.5 sen. I have sold at prices ranging from 73 to 78 sen.

Those people who bought up to end of January this year in anticipation of a privatisation price of at least 80 sen which was then called off should be able to exit at a profit on Wednesday or Friday.

Bought at 68.5 sen today.

Thank you Boustead.

The last time LTAT only wanted to offer 80 sen.

Rumors of another privatisation attempt.

Go, go, go Boustead.

Brent broke through USD74.