Besides just being a signal of confidence and gaining more attention, I think there are some insti investors who specifically can only buy on the main board, and stay away from ACE listings. Not sure, but anyway the bottom line is current and projected earnings.
Usually when transferring to Main Board, the shares based would be increased more. Existing shareholders should be given bonus shares, etc. In addition, the governance and BOD is more stringent and hence there should be more new independent directors appointed which would boost more confidence in the market.
This counter would surprise you when it moves. You wont be able to catch it at all. Just be patient and enjoy the dividend for now. Should announce the special dividend in Sept
just my 2 cents opinion, stay away from glove or glove related counters till there is a solid uptrend signal again else will easily stuck for long time. operator wants to press the price till very low then only fry again. initially i also thought this counter is ok with good result so can give a try, end up same thing again...price keeps going south but luckily i managed to sell some at 0.56 level.
This is what the operators aim for. the more negative perception among the retailers, that would signal it s almost done. For those who still hold from Nov 2020 until now and start to give up, that s the bottom out.
Posted by Superb99 > Aug 3, 2021 2:13 PM | Report Abuse
just my 2 cents opinion, stay away from glove or glove related counters till there is a solid uptrend signal again else will easily stuck for long time. operator wants to press the price till very low then only fry again. initially i also thought this counter is ok with good result so can give a try, end up same thing again...price keeps going south but luckily i managed to sell some at 0.56 level.
Gloves counters valuation are totally against the fundamental and chart. The industry was being value based on in unpopularity all thanks to lower ASP, vaccination, higher supplies, etc. This has happened for almost 10 months now. Short term unpopularity. But the previous two quarters cont to deliver record breaking results for most glove counter. Even for some like TG which deliver poorer results, the single quarter results alone beat the whole 2019 total profits hands down..yet the valuation for most gloves are now back to pre COVID-19 time due to unpopularity. Let me quote Benjamin Graham as follow
In the short run, the market is like a voting machine--tallying up which firms are popular and unpopular. But in the long run, the market is like a weighing machine--assessing the substance of a company.
The short term is done and the weighing machine will take over soon.
Truth is, operator already long gone. Only retailers inside. If fantastic result and good fundamentals can’t move the price up, obviously something is wrong with this counter.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SLLEE5732
363 posts
Posted by SLLEE5732 > 2021-07-31 13:34 | Report Abuse
Will make announcement to transfer to Main board later hopefully by August
Just be patient