tony, you all are trapped because of the beautified FA ... its not hard to research hot money (funds) trail ... last week was shocking !!! FFunds dump in herds to their fav R
The prepandemic 2019 supermx prices were between 1.40 to 1.60 . These prices are equivalent to current 70 to 80 sen. I remembered these prices very well because I bought 400k with the average prices of about 1.50.
The supermx in 2019 had 22.billion capacity. Its cash in hand was only 157 millions. Its debt was about 400 millions. Supermx was a net debt company then. Its nitrile to latex ratio was 52 to 48 % The average PE ratio in.2019 was about 15 to 18. Since then.Supermx made 526 million in.FY2020 and another 3815 million in FY 2021. I expect supermx to.make another 2300 million in FY 2022. The total will be 6641 millions. Out of this 6641 millions , 857 millions ( inclusive of the coming 408 millions dividend) had been.distributed as dividends and an estimated loss of 350 millions on sbb .There is still a nett balance of 6641 - 857 - 350 m = 5435 millions added to the company by mid of 2022 or beginning of FY2023. This amount is about EPS rm 2.00 which is in the form of cash and capacity expansion. It means that the value of 1 supermx share in.mid 2022 is the sum of pre pandemic share price of 75 s + 200 s = 275 s. If you buy at yesterday price of 2.58 , you are actually buying a pre pandemic.supermx share at 58 s only already . To give a simple analogy , a LV bag worth 7500 with 20000 cash inside will not be sold at 7500 . No one is so stupxxd to do that. When you pay 25800 for such bag , effectively you are buying the bag at 5800 which is at a discount actually. I am actually very happy.to have a second chance to buy supermx share at lower thsn pre pandemic price actually.
shorting gang spend every hour of their life awake dissing gloves, badmouthing gloves, attacking gloves, talking gloves down, in order to drag glove stock price down
Gloves Big 4 are collectively a significant source of tax revenue for govt of Malaysia
So govt will be defending the interests of Gloves Big 4 & also other glove firms in general, including defending their stocks from the indiscriminate attacks & destruction & devastation from RSS shorting gang
SINGAPORE: Singapore reported 1,004 new locally transmitted COVID-19 cases and another death as of noon on Saturday (Sep 18).
A total of 863 cases are currently warded in hospital. There are 105 cases of serious illness requiring oxygen supplementation, and 18 in critical condition in the intensive care unit (ICU).
I think the worse is over. Everyone was expecting very bad results for Top Glove because of the US Ban and also the closing and reduced capacity due to shutdown in Klang valley due to covid. Things will look better now
What s wrong with the vaccines , Spore is well known for highest vaccination rate , strictest SOP n high efficientcy government but when it almost reach 100 % vaccination rate the confirmed cases more than before vaccination !!
It s time for some nobel winner scientists to do research on the good or bad of the so called high efficiency vaccines !
Leaky vaccination prolonging this pandemic which means big profit is achievable within the next 5 years. Monster variant worst than delta is not a matter of if but a matter of when.
Get use to it only in spmx everyone manage to avg down at LOWEST price . Amazing *********** lu average dont tell me at 2.6? kakaakakaka, blow cow also need limit ma
It's overall low volume and many factors. Last time blamed call warrants, IB manipulations and room paid commenters. Now RSS. Not once we admit it's own ourselves doing. Silent is admission sometimes. Keep talking when thing is not going smooth is excuses and denial. From 24 to 5 now...Someone took your winnings already including the crooked room moderator here. Remember you are a bird and not chicken yet. The choice is ours.
RSS shorting gang are not really concerned about us losing our money
They're actually concerned about themselves losing their money, when their scaremongering job doesn't work on us & they fail to drag the stock price down
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....
GlovesOff
2,499 posts
Posted by GlovesOff > 2021-09-18 21:44 | Report Abuse
puhlease ... no need 65c ... hit 1xx - 2xx already coffin dance to most glovers
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I wish your price predictions come true.