No more choppy seas until the next vaccine news

17-Nov-2020 Additional Listing Private Placement - 200,000,000 shares at 0.053. THIS IS FOR SANICHI.
Just wonder why PP listing is announced for other shares BUT Green Packet never announce the PP details

I sold Velesco which I bought at 16 cents for 13.5 cents to buy Hibiscus at 48.5 cents. Sold my Hibiscus at 56 cents and came back to buy Velesto. Funny thing I get it cheaper at 13 cents.
This counter is a laggard for Oil & Gas.

Budget Vote on 25th Nov. Just a bit of patience.
This counter will move before the 25th Nov

Budget Vote on 25th Nov. Just a bit of patience.
This counter will move before the 25th Nov

Only Klang Factory affected, but operating at Half capacity.
5700 workers affected not 13K+ as reported yesterday.
Factory in Johor, Banting, Perak and Kedah still operating at full capacity. Still want to sell kah?
Top Glove: EMCO impacts 5,700 workers
TheStar Tue, Nov 17, 2020 01:54pm - 29 minutes ago
“Our factories in Meru, Klang continue to operate with reduced capacity and workers not under EMCO are working under strict standard operating procedures in alignment with guidelines from the Ministry of Health," Top Glove said.

Really. Can get at $6.18.

Posted by Izwan1985 > Nov 17, 2020 3:54 AM | Report Abuse

TG dare to buy back, EPF also put money in TG. Dont think EPF are so stupid to put money in TG, dont think TG also stupid to buy back. Sell more then they will collect more, retailer and panic seller are easy to manipulate like this.

@Another 9 mil share buyback, EPF also collected 2 mil share.

Something is brewing behind that we don't know.
Agree with you.
Can start collecting TG shares.
Start with 10,000 shares. Every 5 % drop in share price add 10,000 shares. ( Adjust the amount according to your financial muscle )

I Q to buy at 7 cents. Guys who think will go down can throw early morning at 7 cents. I Q for 5,000,000 shares at 7 cents Monday morning.

Ignore the noise. Confident of a slow climb back to 60 cents level

Downside risk is very small and minimal. Upside potential is huge.
Think its a bad company to invest, then just sell loh. Go and buy gloves, all making good profit.
Stock mkt is projection of the future. If you think GP can make good profit in the future, then you buy. If not just sell.

Posted by Newbn00b > Nov 13, 2020 4:26 PM | Report Abuse
Anyone who buy higher than 0.48 just provide more bullets to him to subscribe more CRPS at 0.48.
Have the 2nd trance issued

Who is the institutional Investor who Dr Kenneth disposed his shares too. Big time con guy

If Memotorium on loans extended for another 3 to 6 months, all banks down again. Glove got to go up, if not KLCI also kaput

Ya. Losing money from media business every Q. Now even radio lose money. Tutup kedai and distribute cash better

I keep buying when down 1.5 cents lah.
Keep faith.

Why the NTA increase by more than 50% over 1 Quarter?

Frankly, I believe the counter will breach the 55 cents level today itself. Upon issuance of next Q results, it shd breach the 60 cents level.

Newbnoob
You are my Sifu. I am a ex stockist and remisier. Have being in the mkt for over 35 yrs. I really miss the clause that allow the directors
the right to adjust the CRPS conversion price. Can you point out where you find that CLAUSE in the info send to shareholders.
My play would have being very different then.
I would have join the sell down from the 60 cents level and start aggressive collection after announcement of issuance of 2nd tranche at 48 cents. Big opportunity miss. My cost is still 58 cents.

Thick Q results out today

Vaccine out soon. Hotel back to business. Can buy at this low price

Newbnoob
In the resolution that was pass at the EGM, there was no mention that the Directors have the absolute discretion to fix the price of CRPS conversion. Now its confirm that they have this right based on average price traded for the past few days.
I was fooled into it. Think those people sell down from about 58 cents to buy the CRPS at 48 cents. Hibiscus had not paid dividends and the CPRS carries a 4% coupon.
My average cost is about 58 cents. Guess have to lock in and see.

Rob in broad daylight

Posted by Newbn00b > Nov 9, 2020 3:50 PM | Report Abuse
Where is linheng hiding? I miss him so much suddenly
Still here. Got sodomised

Glove is very different from Palm Oil.
Total Palm Oil export is much bigger than Gloves.
That windfall tax on Palm Oil gives the govt a lot of money.
Govt give alot of support to Palm Oil. PORIM and etc. No support at all to Glove Industry but indirect tax via foreign worker's levy.
This govt is very short sighted if they do impose windfall tax on glove. Also rubber glove use rubber latex. Does not make sense.

Posted by Newbn00b > Nov 3, 2020 5:21 PM | Report Abuse
Surely not 1 off. 0.66 is inflated price. Next tench would be around 0.5
NO IDEA WHY YOU THINK SO. THE EGM APPROVAL IS FOR ISSUE OF UP TO 2B OF CPRS AT A COVERTION PRICE OF 66 CENTS. THE ISSUE WILL BE PROGRESSIVE IE NOT A SINGLE ISSUE OF 2B 9SUBJECT TO COST OF ASSETS BEING ACQUIRED AND OFF COURSE THE DEMAND). MAIN THING IS WHETHER AT CURRENT SHARE PRICE OF BELOW 50CENTS, WHO WILL BUY CPRS AT 66CENTS CONVERTION.
TO ISSUE AT 50CENT, YOU NEED A FRESH MANDATE (EGM)

Posted by Victor Yong > Nov 3, 2020 9:03 PM | Report Abuse
At 45sen, ask your fund manager
52 Weeks Range: 0.395 - 1.65
YA. SPOT ON. NO POINT BUY ABIT HERE AND ABIT THERE. FUNDAMENTALS OF CO HAVE IMPROVED. WILL PICK UP 200K SHARES FOR EVERY 1.5 CENTS IT GOES DOWN UNTIL 0.395 CENTS. TIME FOR ME TO SILANG THIS COUNTER.

I feel its good time to go ALL in. Price had stabilized past few trading days and was up yesterday. Volume yesterday was bigger than previous 2 days. With yesterday's higher close and higher volume compared with the previous 2 days, there is little risk of price going down esp with Dow up 2.5%.

Healthcare sector (the catheters and hand sanitizer portion) made up a good 6% of total revenue
The catheters segment shd be very good

Not a real drop lah. I did that too. You see mkt weak, you sell 1st and buy back later. I dump at 4.10 and buy back all the way from 4.01 to 3.92

Wah. No end to covid. Got to lock up the shares too.

How's tha annual result announced on 28 Oct 2020

Ya. Up for ASB again

Seems results not that good cos disruptions to supply chain

4 Weeks Range: 0.115 - 0.235
Right at the base

Will continuing toping up. Will sell my remaining glove stock (Comfort) and put into this counter. Sinovac vaccine already being sold to the public in China at USD60 for 2 dose. People flew in from other places to have the vaccine. Already got long Q.

Assuming that the CPRS is fully subscribed and the assets acquired,
the producing assets will be 7X, but at current share price the minority share holders who can sell the shares are very few. CPRS is converted at 66 cents. Assuming current shareholders price is on the average of 56 cents there should be minimum resistance to the share price from current to 66 cents.
Hope to see this scenario soon when oil price spike, but hopefully after the completion of the CPRS and the acquisition of the assets.

63,500,000 ESOS exercise at 0.055 cents today. Logically should be very safe to buy at 0.055 cents

Up so much today, sure take profit. Tomorrow is a brand new day.
Should be up again.

PM Holdings is the safest counter in the MUI stable for political play for the following reason:
1. Recent High is 33 cents and recent low is 12.5 cents
2. No of shares is 1/3 of MUI Holdings.
3. Got a stock broking co (PM Securities ) that would be able to give
a good set of results.

So my opinion is that if the issue of CPRS is successful, than share price will shoot up.

So Basically, there is no such thing as pressing price to get a better conversion ratio. Conversion price is fixed at 66cents. CPRS issued at RM1.00. One CPRS gives you 1.515151 Hibiscus share. As a CPRS Holder, you cannot even choose the time to convert ( Anyway 2 years Only to Maturity ) since there is Mandatory conversion on a pro rata basis for any acquisition. Proceeds not used will be redeem by the co with a certain premium based on a certain ratio.

Why do people buy then? There is a certain amount of interest paid if the CPRS is not converted (Unlikely cos mandatory conversion upon acquisition of assets )

Just receive Proxy form from Tricor.
Read through Bursa Website regarding this issue of CPRS.
Salient Points
Issue Size is 2B
Assuming Full conversion at Fix Price of $0.66, the no of shares to be issue is 3.0303B
Duration is 2 years.
Mandatory conversion on a Pro Rata basis when assets are acquired.
CPRS will be listed.
CPRS not converted will be redeem at a certain redemption price with
a certain formula that carrying some interest factor which is calculated by days to maturity and also a dividend ration. Quite complicated and no patience to read thoroughly

Posted by Newbn00b > Oct 15, 2020 5:21 PM | Report Abuse

I have said this before, they press down the price to have better conversion ratio of CRPS. Then, it will greatly dillute the existing share. The retailers will always be loser. You can only see the price up after they have finished the conversion of CRPS

Are they converting the CRPS now? No disclosure on new share issued.

Spike in resin price due to shutdown of plant in US

Posted by Imnoobonly > Oct 14, 2020 9:02 PM | Report Abuse
https://www.facebook.com/100567944770357/posts/206909620802855/
Ku Li become PM ?

Posted by Imnoobonly > Oct 14, 2020 9:02 PM | Report Abuse
https://www.facebook.com/100567944770357/posts/206909620802855/
Ku Li become PM?

Sanichi owns 11% in metronic. Metronic very active but sanichi sleeping gaint

http://www.financetwitter.com/2020/10/if-anwar-bluffs-why-must-the-king-meet-party-leaders-pm-muhyiddin-desperately-conducts-a-self-praised-conference.html

http://www.financetwitter.com/2020/10/if-anwar-bluffs-why-must-the-king-meet-party-leaders-pm-muhyiddin-desperately-conducts-a-self-praised-conference.html