If taxes are paid in advance for Sdn Bhd

then you will need to pay Jan 2022 installment in Dec 2021

are you doing that?

when do you pay?

you pay in Feb 2022 for Jan 2022 taxes right?

Feb 2022 comes after Jan 2022 right?

does your calendar works backwards?

"Issue of Shares" will dilute existing shareholders' earnings further

thats why TG TP is reduced coz needs a "PP" to rescue TG from cashflow issues.

and thats also another reason why Hedge Funds are dumping.

Majority of Hedge Funds dun normally like to rescue companies

Malaysian taxes are called "Pay As You Earn"

its not called pay before you earn

means when you pay installments in March 2022, you are paying for Jan 2022 and Feb 2022 taxes.

taxes are in arrears and NOT in advance.

Post removed.Why?

yes
partially correct
balance of tax is always paid later

haha

with Makmur Tax, outgoings are expected to be more and not less
plus
with deferred tax reversing,

August year end
=> Tax payment in March 2022

=> much higher tax payments are expected very soon.

Post removed.Why?

from hindsight which is backside
there is much less risk of TG bankruptcy if totally no share buyback was done........
will have more cash buffer....

thats why TG HK IPO is actually do or die
TG needs the cash badly so must be fresh "Issue of Shares"

"Issue of Shares" is always diluting
"Issue of Shares" will dilute existing shareholders' earnings further

I did not just say TG going bankrupt just for fun.

Its all inside those financials

you forgot .......
those RM1 Billion inventories need to write down when selling prices goes down

possibly RM200 million write off

the burn rate for the next 6 months is expected to be RM1.5 billion or more..... maybe much MORE

in just 6 months time TG liquid liabilities will exceed TG liquid assets => Technically insolvent.

what this means ?

=> NO MORE DIVIDENDS

all FD habis pecah



=> of course all this can be prevented by taking away ular punya 4 inch mattress

TG is insolvent in 1 years' time is ONLY based on current pattern continuing as is.

from historical experience, the time pattern is usually 6 months with further deterioration of financials.

China is expected to give away more gloves for free...... or at cost....

but anyhow TG could be insolvent in 1 year's time

and that is not too far off...............

ular

so u answered the question....

:)

Post removed.Why?

can start by taking away Ular punya 4 inch mattress and order "it" to sleep at the car park

Top Glove must immediately implement heavy cost cutting exercise, then got some hope of survival.

hahaha

:)


Posted by GlovesOff > Dec 11, 2021 11:54 AM | Report Abuse

The more ular promote price kongkam more

why is cost high?

.....a lot of Malaysians dun even have 4 inch mattresses to sleep on...

yes you can bet
so far history had not been on your side

malaysia dvd factories shut down when China ex-factory was 20% of Malaysia ex-factory.

now China Glove ex-factory "could be" 50% of Malaysia ex-factory

another 30% more to go before history repeats itself.

I believe Top Glove will proceed with expansion plan...
...........and the rest will be history

Rationale for the Belief
Thats what TG did in the past when faced with problems
no reason to think that TG will adapt

=> no adapt, sure die

steel mostly sells into Malaysia
when Malaysian Govt bans import of China steel, it helped a lot.

Malaysian Govt ban import of China gloves will NOT help

already seen China face mask killed off Malaysian face mask factories



Posted by CharlesT > Dec 11, 2021 11:01 AM | Report Abuse

Most glove co will still be around in many years to come...though some of them may not be profitable for a while...

For example, Steel Co has been struggling for many years since China's steel comes into the picture during late 1990s or early 2000s

20 years+ down to road i hardly see any local steel co close shop...Except Perwaja n Kinsteel...

Post removed.Why?

Post removed.Why?

We are now discussing bankruptcy of Top Glove

times have changed..........

IronShirt
agree 100%

money was just one off from US Govt under Trump
IBs knew it and passed on news while laughing to themselves

IBs especially US based JP Morgan quickly reduced TP when Trump said "stop"

=> expansion is a very quick short road to bankruptcy


Posted by IronShirt > Dec 11, 2021 10:23 AM | Report Abuse

59 factories with major expansion in progress.....atleast 400mil impairment loss in 2022 if
expansion / production has to stop due lack of demand

CharlesT

your money came primarily from US Govt.
Please write to thank Trump. Was his decision, his better ones lah.

US and richer European countries were buying gloves slowly in excess of requirements to create a "Strategic Stockpile" back in early 2020

=> seemed silly to me coz gloves has a much lower shelf life compared to crude oil

useful info affecting share prices ....shelf life of nitrile gloves => 5 years




Posted by CharlesT > Dec 11, 2021 9:51 AM | Report Abuse

Seeing OTB's analysis n CIMB inv bank's research showing ASP rise 10% on month to month basis i quick quick went to Ah Long to borrow money

CharlesT

Yes Sir
looks like you are indeed focused on Gloves, => a Glove specialist

my attention got diverted elsewhere at times

:)


CharlesT I m always right....
11/12/2021 9:39 AM

CharlesT On the glove saga during this 2 years
11/12/2021 9:40 AM

CharlesT

you could be right
maybe I was misled coz after he announced => I saw the price was RM10.00

looks like I ass_u_me he sold off at RM10.00
=> I linked his announcement with market price then

btw I never look at his silly portfolio


Posted by CharlesT > Dec 11, 2021 9:32 AM | Report Abuse

Wrong info...Philip dumped all his TG at rm6+ or Rm2+ after ex bonus...then its price shot up to almost RM30 or Rm10 after bonus within few months time.

I was playing with him everyday during that period of time while busy buying glove co...i think that was during Apr- June 2020

China gloves can sell off at less than half the price of Malaysian gloves .... ex-factory selling prices

thats if a price war happens

more deaths from covid will be even worse for TG

poor countries become poorer countries will buy the cheapest gloves available .....

and thats from ==> Tada!!!!!!! => China

I am telling you all this ....
coz I issued a buy call for Top Glove way before the peak peak,
before Philip dumped his TG at 10+ .... way below peak 17

thats on the off chance that you did not sell off and are still holding TG shares.
If you did not sell off at peak I really do not understand why though...
:(

I will not repeat all this in other glove forums like Harta, Supermax etc etc

be informed .... choose and choose wisely...

Three Scenarios
Pick and choose your favorite


1) Do nothing => risk of losses is 100%

2) More capacity expansion => risk of Top Glove tutup kedai aka bankruptcy is 100%

3) Massive cost reduction and retrenchment => Survival is 50% at best


I believe that cost reduction is very unlikely due to => its ego lah, man its ego lah......

if you invest in Top Glove for gambling fun, its ok

if you need the money for old age porridge with salted egg and walking around in pagoda singlets and jamban slippers, you should think deeply and then think some more.

bee bo bee bo bee bo

at current earnings its only worth TP => 80 sen per share

and thats ok, really no joke, its ok

coz actual market price could be way higher even RM1.60 per share due to market sentiment compared with theoretical RM0.80 per share


what is more worrying is that there is a danger Top Glove could slip into losses if management dropped the ball.
This risk is quite significant now, thats today.


=> Once Top Glove slips into losses, share price of Top Glove could drop below RM0.80 per share.

a lot of people had gone cuckoo here especially mineworker aka dishonesty aka riskyinv who bought in lorryloads at 32 sen

now talking about winning lawsuits just so that he can sell off at 35 sen and make 3 sen profit

reality had not sunk in that Serba will be suspended forever

its all sslee punya fault

too much DIY

as a result ended up as sashimi rather than properly cooked

sslee should conduct proper cooking lessons so that all carnivorous apetites are properly addressed rather than being a supermarket and labour quarters.

under sslee misdirection sure the address will be a niteclub or a massage parlour providing "special services".
Then ...maybe... just maybe ... relevant actors will be satisfied after receiving "special services" they will tick the programme as "physically sighted Ms Massager without panties and verified 100%

=> nothing unusual to report....

I saw it too

the share will soon be available to be bought at RM0.24 per share




supafly83 Oh damn, does anyone see the head and shoulders on Daily chart? Target rm24? Fib levels at rm20?
07/12/2021 4:29 PM

Post removed.Why?

Post removed.Why?

In Nepal , country of Gurkhas, any lack of integrity, no villager will ever talk to you.

In Malaysia, country of %^&%^%#$%, any lack integrity, tens of thousands will greet you with big smiles when you return, kenduris and dancing will be held to encourage more and more corruption with more and more money stolen.

Cheers!!!!

Thumbs Up !!!!

similarly Safadin brother of Saladin

is Abu Bakr ibn Ayyub

Safah al-Din means Sword of the Religion

again Crusaders called him Safadin

both Saladin and Safadin are names assigned by Crusaders, these are not actually their names

Yusuf ibn Ayyub born 1138 Tikrit

Saladin means Salah al-Dunya al-Din

translated means "the goodness of the world and the faith"

Crusaders just shortened it for simplicity

Posted by BobAxelrod > Dec 9, 2021 7:05 PM | Report Abuse

Noted that would be King Salahuddin and his Jihad warriors against the Knights of Templer.

the first jihad was by the Prophet to capture Mecca

the second jihad was by Abd al-Malik to re-capture Mecca,
the first Khalifat Allah, God's Deputy,
thereafter all rulers became known as caliphs

the corollary to that is

Fools take an interest in Government -- Fried Koay Teow Seller

We are not Fools -- Penang Assam Laksa Seller

Religion should not be mixed into anything whether carrot juice, fruit cake, cats, education, exercise, medical or Low Yat 2

:)



Posted by BobAxelrod > Dec 9, 2021 6:32 PM | Report Abuse

Sorry, beg to differ....Religion should not be inculcated into Politics!

look at history of world economic booms

look at Hoover Dam and US economic boom

look at 3 Gorges and China economic boom

please lah.............

if solar cheap all cinapek factories long ago 100% solar

nothing can beat hydro costs
who can afford their own personal hydro plant?

solar is still very expensive

solar manage to survive purely based on subsidies from Govt of Malaysia otherwise solar dies

even solar FIT is also subsidized