What a joke of a company.

Characteristics of a CB stock ->
1) KLCI goes up, share price goes down
2) KLCI no move, share price also goes down
3) KLCI goes down, share price goes down even further

A lot of SMART desperado shareholders dumping their holdings below the IPO price. Don't know who?

Smart Management. Everyday New Low.

Now Below IPO Price.

Surely the best performing IPO stock in Bursa.

What a tak tahu malu company. Make losses also dare to list.

However during the AGM Q & A session, the minority shareholders would not enquire about the KNM share purchase at double its market price but would rather enquire whether MAA would consider giving free door gifts during the next AGM.

Don't know & cannot confirm. Any possibility that the boss has offloaded those offer for sales shares below the IPO price to his friends. Those dumping from RM0.39 to RM0.36 perhaps got it below RM0.30? Cannot confirm.

Elephant Skin Also Not So Thick.

Wah so nice syiok syiok dump the shares. Sooner or later also have to buy back the tickets.

On the surface someone had already dumped 1.1M shares on the 1st day of listing @ RM0.65 + RM0.567. As to whether other major shareholders + directors were doing the same thing, I really don't know.

GLXT
Shares issued = 407.041 M.
Shares held by major shareholders + directors (under 6 months morotarium cannot sell) = 284.93 M (69.94%).
Shares offered for sale + private placement = 122.111 M (30.06%)
Shares traded/dumped on Day 1 = 308.191 M (75.71%).

Shares traded/dumped on Day 1 = 2.52 times the maximum shares that are available to be traded. Don't know where the extra shares come from?

1) Best performing glove stock at Bursa.
2) Other glove counters price go up, Hexcare price does not move or goes towards the opposite direction.
3) Other stock counters price go down, Hexcare price goes down even more.

It would appear that: -
1) Shorties have being buying continously for last 5 trading days to cover their positions from 2.75% to 2.20% ; +
2) Someone also has being selling continuously for the past 7 trading days. Don't know who? Any coincidence?

It would appear that Rubberex ->
1) Is the undisputed champion glove laggard
2) Climbs like a turtle but dives like a lemming
3) Other glove stocks use their cash reserve to pay out dividends to benefit their shareholders, Rubberex use them to buy a stalled project to benefit ....... ??????

24 Dec 2021 TG RM2.19 -> 31 Dec 2021 RM2.59 + 18.26%
24 Dec 2021 RB RM0.515 -> 31 Dec 2021 RM0.52 + 0.97%

Later, If TG drop, RB will become champion to drop even further than TG.

RB = the most CB glove stock ever.

It would appear that: -
Shortsellers are presently in a conundrum: -
1) Not many shares left for them short
2) No more panic sellers
3) KWSP is accumulating again
4) If they start to buy back to cover their positions, the price will inevitably rise.

24 Dec 2021 TG RM2.19 -> 30 Dec 2021 RM2.43
24 Dec 2021 RB RM0.515 -> 30 Dec 2021 RM0.525

Most chekai holland glove stock ever.

Rubberex is the best glove stock ever. Soon to be the best property stock ever.

It would appear that: -
1) There is not much quota of shares left to short i.e. 0.31% is still available
2) However a very huge number of shares are required to be covered back at rising prices
3) KWSP is still buying + accumulating
4) Investors with holding power are not selling
5) Shorties are dumping + buying back among themselves hence the high volume of trade daily

When glove stocks price goes down -> Rubberex price decline the fastest + goes down the most in term of %.

When glove stocks price goes up -> Rubberex price respond the slowest + goes up the least in term of %.

What a hairap stock.

Although drop in price at least Top Glove still distributes dividend. Rubberex on the other hand ........

No major shareholder currently owns more than 50% of Rubberex's shares, it seems. Ripe for potential hostile reverse takeover?

Major shareholder had also started selling on 30 Nov 2021.

Share Sell Back Presently in Action Most Likely.

Wow never ending supply of shares made available to sell. Major shareholder Hextar Rubber S/B holds 50.27% + treasury shares @ 4.95% = 55.22%. Remaining shares available for trade = 44.78% or 410M. It would appear that this 410M shares had been recycled many times over since May 2021 to suppress the share price with minimal shortselling.

Rubberex -> Obviously the best performing glove stock at KLSE.
All glove counters turn green but Rubberex remains red.

Someone seems to have an unlimited supply of shares to dump.

Share Recycling Not Impossible

A dumped -> B @ RM 0.570
B dumped -> C @ RM 0.565
C dumped -> D @ RM 0.560
D dumped -> A @ RM 0.555
A dumped -> B @ RM 0.550

It would appear that some party has been recycling the shares to push down the share price.

During the last AGM did anyone requested for explanations in rgd to questionable decisions made by the board?

SBB at max 10% may also result in the board recommending dividend in specie of 1 share for every 10 shares held.

Share price have been dropping non-stop since 3 May 2021. Price drop seems unnatural. It would appear that someone wants to push down the share price in order to attain certain objective. Who is that person & why? I really don't know.

Possibly (may or may not be) the share price was unrelentlessly pushed down from May 2021 onwards as follows ->

A dumped -> B
B dumped -> C
C dumped -> D
D dumped -> A
A dumped -> B

and the cycle continues .......

Poop & Scoop very likely.

Who would sell at RM0.14 below IPO price? Why subscribe at RM0.68 in the 1st place? Does not make any sense?

It would also appear that ->

1) The major SH has a morotarium to comply.
2) No records in Bursa website indicated to suggest short selling had being carried out.
3) ESOS 10M shares (Out of 48M), some may have sold at a price above RM0.68 & the rest may still hold on when the price plunged below RM0.68.
4) IPO 8.9M shares + MITI investors 11.08M shares (Out of 48M shares), some may have sold at a price above RM0.68 & the rest may still hold on when the price plunged below RM0.68.

5) Based on the above, who are the parties most likely to have dumped their shares multi times over in the open market during the past 2 weeks or so? Unlikely to be (1) to (4).
6) Are the dumpers, PP investors, which were offered 18M PP shares? Highly likely.
7) Did the PP price offered to & subscribed by the PP investors -> significantly below the IPO price of RM0.68? Possible.

8) Your guess is as good as mine.

IMHO, most of the 48 million IPO/ESOS/PP shares have been traded many times over with the objective of pushing downwards the MSP of Haily ->

Total shares issued -> 178.32M
Owner by major SH (morotarium apply) -> 130.32M
IPO/ESOS/PP -> 48M
Traded from 21/7 to 3/8 -> 136M

Traded over 2.83 times i.e. 136M/48M

The above is merely a conservative estimation assuming that IPO/ESOS/PP investors have sold all of their 48M shares. It is highly likely that some IPO/ESOS investors are still holding own to their shares.

Based on the foregoing, it would therefore appear that someone is deliberately pushing down the MSP of Haily from RM0.68 to RM0.60 in the manner as appended ->

A dumped to B at a low price
B dumped to C at a lower price
C dumped to A at an even lower price
& the vicious cycle continues.

Wow, this bangsat share has now touched a new low at RM0.645.

New low at RM0.66 reached. Never mind as long as still can make money then why not throw.

Wow, so many desperados selling below the IPO price. If those selling are not desperados, this would probably mean that some unnamed PP investors have got their PP shares at a price significantly lower than the IPO price.

Wow, now RM0.67 & still continuing to slide. Perhaps some PP investors had purchased their 18 million shares at a very cheap price below RM0.68.

Wow, now RM0.675 below IPO price & descending. Who is the desperate party selling down?

L&G NTA per share would significantly be higher than RM0.37, if L&G management were to carry out a revaluation exercise on L&G land banks. In L&G last AGM it seems that the management have quoted an excuse that it would be costly to conduct revaluation exercises on L&G land banks. I wonder what is their actual motive for not carrying out revaluation exercise on L&G land banks? Perhaps some people intends to suppress L&G share price this way.

Based on the information on the 30 largest shareholders contained in L&G 2020 AR, it would appear that there is no majority shareholder owning more than 50% of L&G shares. As such, is there any possibility of a hostile takeover of L&G to be carried out by another company in the near future?

PP priced at RM0.1188 still expensive & unfair to the PP investors. The directors should push the 5 days average share price to RM0.05 & issue the PP at RM0.04 (after 20% discount). This is the only way the PP investors will get a fair deal.

Who still have so many shares to sell?

Remnant Forced Selling from Day 1.

T + 3 -> Forced Selling Going On.

KSL Should Invest in Nothing. Instead KSL Should Use Up All their Huge Cash Pile to Continue Paying Their Board of Directors Generous Remuneration Above the Industry Standard as a Reward for their Good Work in Achieving Nothing In Perpetuity Assuming that KSL is still Going Concern by Then.