Hear hear what Sami_Value said. Avoid margin also.

Sounds like proxy to me. But who knows. Just another assumption

Pity the one who bought from menort at RM5.10. If that was true at all. Look at where carepls is today.

RM3 loss per unit!

You don't wanna console the buyer there menort?

you should read the next passages too :)

Come to think of it, probably more bilis traders were killed during Topglove volatile movements the past few weeks than here.

We are talking price changes in the range of -RM2 to +RM2. Lol definitely need special system setup for that. Multiple trades executed per second bro.

Shocked? Because you limited your definition of investment, to fundamentally strong companies. To you, if if doesn't meet your definition, then you call it punting, speculation, etc. Semantics.

I look at potentials. After all, that's what the stock market is about, buy low, sell high, ideally. If the glove plans materialized, AT can look forward to profitable years ahead.

As for PGSB, in the beginning, I am puzzled why would they go with this company at all. This company doesn't manufacture medical gloves. In fact if you go to the Malaysian Rubber Export Promotion Council website, under marketplace, you'll find a list of other companies who might or might not be related to Bursa listed medical gloves maker. No PGSB there. Probably will cost more to acquire too.

After they announced their plans with PGSB then only, I started to think they might be up to something good. Either way, we'll wait for the result from the due diligence.

About the The Edge's article, I also thought that it was common knowledge, that you can see the same directors in all the company listed. Penny stocks are penny stocks for a reason.

Don't understand you guys. Not willing to cut loss. And yet belittling own decision. Eh, whatever lah.

why shocked? don't trust don't invest. It's cheap for a reason, people put money in it for a reason.

Understood. For me, as long as they are making acceptable progress with their gloves, I'll hold.

Of course I studied what I could. That's why I know how weak the company is.

You can either invest in a company that demonstrate strong fundamentals or invest in a company that is weak but on the right path to fix itself.

I believe that they will turn a new leaf. That's why I invest.

I don't speculate price reaction or movement in the short term. Better go buy 4D like you said :).

you inside here or not? If you're in, you have to believe. If not, you'll be in a bad mood all day ;)

just to introduce liquidity. Market makers passing shares from left hand to right. Retailers exiting because want to use money. Cannot wait anymore etc.

Lots of factors.

You laugh at us, are you inside too? What can you do if you're feeling trapped?

Do you have the fund to move the price?

Does cursing left and right help?

As for me, I read, I like what I read, I invest. I don't know TA. I only only know support/resistance. The most acceptable in my view.

If don't move I top up again. I use money that I am willing to lose. So I'm not under pressure or anything.

This is my personal view lah. My view is long term one. So it is not for those who want to go short term.

1) Topglove has already shown us a very very valuable insight into the medical gloves industry.

Now the ball is in AT's court to speed up everything.

2) I don't mind the price staying at this level for another week or two haha. I am out of bullet to top up.

That's it.

Alan_stockwatch, they have 3 times more shares this time around. 8billion+ shares.

"PrimarisMarine extra 1bil profit is crazy. rev doubled. all is pure profit from higher asp prices. next qr another 1bil profit is possible"

They already secured a year's worth of order didn't they? Tan Sri said in The Edge's interview. So, that is highly possible.

we are the champions my friendssss..haha sorry cannot contain

everyone's holding their breath. Should have netflix series XD

Need roughly RM10mill to clear the current sell queue upto 10 cents ;)

https://www.youtube.com/watch?v=AwoxYyTA0Gc chill

Whatever you said, you are free to stay, sell or whatever.

No contra for this counter. Don't expect short term burst. If got, lucky you.

Too many people, even amongst people I know who just started trading shares earlier this march expect every news to cause Limit Up.

Do you know the basis of price of a stock for moving up?

People gotta buy.

If not enough money from public, then operator has to spend money to buy up. Why the operator should spend money to distribute money to short term traders who then brag on forums, wahaha "Me so smart, me buy, make money, people buy from me, so stupid people who buy from me at this price".

If you are shareholders and so doubtful, then attend the next AGM. If you attended last EGM, or knew anyone who attended, you should know whether promising or not.

and yes I fully understand acquiring PGSB doesn't require shareholders approval. They can even acquire discounted, cheap houses from the real estate market without our approvals as per what we understand from the rules.

But if they buy first and then shareholders doesn't approve the Gloves Business, what kind of contribution will PGSB be to AT since shareholders don't want?

Sell back for small profit?

UMNO57:

This one from circular:

"The Gloves Business is anticipated to contribute 25% or more of the NA and/or net profits
of the Group. Pursuant to Rule 10.13(1) of the Listing Requirements, the Company is
required to obtain Shareholders’ approval in a general meeting for any transaction or
business arrangement which might reasonably be expected to result in either:-

(a) the diversion of 25% or more of the NA of the listed corporation to an operation
which differs widely from those operations previously carried on by the listed
corporation; or
(b) the contribution from such an operation of 25% or more of the net profits of the
listed corporation."

and then this:

"As part of the Group’s venture into the Gloves Business, the Company had on 26 June
2020 announced the proposed acquisition by AGESB of the entire equity interest in
PGSB from the PGSB Vendors (“Acquisition of PGSB”)."


I keep saying the diversification into Glove Business needs shareholders approval.

Still don't understand?

Ok, I'll ask you this:

If shareholders doesn't approve venturing into gloves, buying PGSB useful or not?

You want to read the whole document from Bursa? https://www.bursamalaysia.com/sites/5bb54be15f36ca0af339077a/content_entry5ce3b5005b711a1764454c1a/5ce3cb5d5b711a163beae1d9/files/regulation_rules_ace_market_LR_marked_amendments_app2_220911.pdf?1570701466

From Bursa:

"10.13 Diversification in operations carried on by a listed corporation

(1) A listed corporation must obtain its shareholder approval in a general meeting for any transaction
or business arrangement which might reasonably be expected to result in either -

(a) the diversion of 25% or more of the net assets of the listed corporation to an operation
which differs widely from those operations previously carried on by the listed corporation;
or

(b) the contribution from such an operation of 25% or more of the net profits of the listed
corporation.

In assessing the extent of the diversification or the amount of contribution to net profits,
consideration should be taken of any associated transactions or loans affected or intended and of
contingent liabilities or commitments."

Getting into gloves diversification or not? Buying PGSB is considered getting into gloves or not?

I'm all for transparency but come on la, spewing nonsense when you're not even a shareholders is annoying as heck.

SMAX888, I pity you man. But that's the stock market for you.

I'm not sifu or guru or anything. Just thought I'd share an opinion.

How bad do you need the money from PDZ? If nothing too important, then you can still hang on to the hope that the SPV that PDZ planned with Sanichi will work out.

Both of these companies need some sort of income for a solid turnaround. They better be working hard to find and persuade potential investors for the SPV, if they failed, better get ready to run.

Johor state also needs projects. Money from Singapore is stuck due to RMCO.

That's all I can say. To hope for a goreng in the near future, I don't know.

On amazon, prices can range from 17USD to 25 USD for 100 pcs. So retail for 1000 pcs in USA is about 200 USD.

yep EGM tomorrow, AGM end of the month

A month till dateline, is not that long. A lot of traders are keeping their eyes on this one.

Menort doesn't even hold a single share and trying to get people to throw away their chips.

Remember guys, wednesday is public holiday and thursday will be an exciting day!

Careful, that news has been denied by all the parties mentioned.

This is from AT https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3074425

Page 1-5 should cover it

Menort, venturing into the gloves making industry falls under proposed diversification. Proposed diversification needs shareholders approval.

Once shareholdes approved the proposals (collectively known as the proposals), AT can do whatever they want.

"In view thereof, the Board will be seeking the approval from the Shareholders for
the Proposed Diversification at an extraordinary general meeting to be convened.
Notwithstanding the Proposed Diversification, the Board intends to continue with the
Group’s existing businesses in the same manner."

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3082964

Menort, if you want to assume that then assume and leave. Simple. Keep coming back pretending. Give facts, still dont want to read.

kc02245 - lol I don't know. Maybe ticked by their attempts.

Menort, if you can read, surely you would have read the contents of the latest circular regarding their plans with PGSB. You know how many lines they planned for PGSB? Go read.

Stockiss above already answered, they need shareholders approval for glove project+PGSB.

As for the spending for AEMHB, I too can only make assumptions. You want best answer can ask during their EGM, IF you're going la.

Is it wasteful, maybe. Do they have projects that they are after (5G, pcbs etc?) I don't know

But I'd like to share a theory (although I don't like it - just to expand the possibilities and for the sake of discussion), at the moment, price of PP has not been determined.

It will be done in tranches.

Let's say, AT's price suddenly shoot up to 22 cent, cincai, price of first tranche of PP is 20 cent after 10% discount, so let's say they issue 150 million new shares during this one. So they are getting 30 million just from the first tranche. After 150 million shares, they can still issue roughly another 600 million shares under PP.

With Topglove taiko announcing their achievement (order for a year already secured etc), AT will probably manage to get potential PP buyers easily.

Menort, you can read or not? Answer my questions la. Yameyamo, then what are you doing here? Go get the bluechips, new iphone coming.

To other naysayers, stay away lah. If you don't believe, then don't enter and don't make noise here.

You guys are really sounding like from the same group or maybe same person. Answer me la, you got the shares or not?

1) Here's the announcement regarding the fund for AEM https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3087073

2) Remember about PP? what do you think that is for?

3) Tell me now, do they need shareholders approval or not to venture into gloves?

4) Tell me now, do they need shareholders approval or not to spend considerable amount to buy PGSB?

I'm not from any investment bank or syndicate. I like the truth instead of theories.

Remember readers, if you attend EGM, whatever updates keep to yourself first.

all the best AT shareholders, big brother in medical glove industry has shown us what they can achieve. May the management speed up all effort after the EGM!

Malaysian company, making good money, honest business, good leadership. Should protect and support. Including the other top 3.

https://www.theedgemarkets.com/article/latest-message-top-glove-chairman-asserts-extremely-robust-quarters-ahead-order-buildup already secured a year's worth of order :)

EGM is 15th Sept, next Tuesday. 11.00 am.

Yeahh! Let's go topglov! Malaysia's darling stock :)

are you guys paid by pgsb to influence outcome of the due diligence or what? lol trying so hard. EGM coming soon, just wait lah.

LittleCat, one of the main factors:

Moratorium is ending.

Retail traders want to get money back from the market to prepare to start paying installments next month.

Which is also why operators don't bother to push the price. Why should they distribute the money :P.

Which is why a lot of people in a lot of counters are agitated because prices are not moving in their favour.

Up to you. No one's stopping you.

If don't sell, your loss is paper loss.

In a year, they might goreng again or if fundamental improved, big boys might join the stock.

In the mean time, income from your day job might have replenished the paper loss.

Keep circling around the same issue.

If you are a shareholder, and you're going to the EGM, AGM etc, if got good news, keep it to yourself first. You spent time and money to get there. Buy first then only kecoh :P .

If, bad, run first, then kecoh.

Now you are repeating this again.

Answer me, can they make money from those or not? Will the roi be higher compared to manufacturing and selling of medical gloves?

From your other comments on other counters, you like gloves too. So, if you don't trust this one, stay away lah.

How do you know AT not serious? What if from due diligence they found things which might increase the risk of losing money?

"Dont put money on a company with a track record love to make soap opera drama announcement but never materialize it."

I have said this a few times. If you are not confident then wait until everything is in place.

You keep repeating the same thing again and again.