With the private placement issue price fixed at 80 sen per share, market is keenly watching for 2 things: 1. Who would be the purchaser of these placement shares? 2. When will the major shareholder Ong Choo Meng start to "deal" in his shares, given his intention to do it?
Ong Choo Meng is no fool. He knows jolly well that the fund raised from the placement shares will help to fund his expansion plan. So, by hook or by crook, he has to prop up the share price way above 80 sen to make the placement shares exercise a success.
By the sheer number of shares he actually owns(37.241%), every 1 sen drop in the share price means a lot more to him than any of us.
lol. no. simply follow other gloves. how far only can go this round. 1.3? 1.4? then ocm throw again? buy 80 cents throw 1.40 almost double. smart. this time dunno which point he wants to throw kakaka.
I won't be surprised if some punters or naysayers have started chasing quietly behind us this morning at the spur of the mkt operator. Of course, some can still be hesitant on "crying wolf" worries - already 3 times in a row.
Like it or not, Ong Choo Meng is the happiest person today. His wealth on this counter alone increases by 8.4% or RM 23.4m this morning.
Luke QR wait also for what. wont be better then last QR. already peaked. capacity max already last QR. i think at most is 53 m like that. eps of 5.8 only after that 10% dilution.
Sales yes correct. but there are two things to be confirmed. see next qr got divvy or not. looks like they stopped giving last few qr. then bonus recently only give. wait 3-5 years la aha. only if they are successful then.
Some of you may not be aware that Rubberex's major shareholder Datuk Eddie Ong Choo Meng is also the executive director of Hextar Global Bhd. His company is currently engaged with a consortium bidding for the Malaysia's five digital banking licences.
"With a platform of eight listed entities within the larger Hextar group of companies which are involved in a wide range of industries such as agriculture (agrochemicals and fertilisers), healthcare (rubber gloves), telecommunications (fibre optic cables), renewable energy (solar), logistics and consumer products, we are able to provide access to layers of thriving ecosystems which could be tapped by the bank. Hence, our excitement at being part of this collaboration,” he said.
hahaha. what synergy? if there is any benefit at all it will only benefit hextar. nothing about digital banking can be linked to rubberex. it will only makes it easier for them to raise debt via its own digital banking platform, or allowed payment via digital banking which all fees shall goes to hextar because the pie and consortium is joined by hextar lol.
Like anyone, I have the same thinking too. At the same time, I do not prejudge: 1. Well, it is still early days of this race for a digital banking licence. Nothing substantive until early 2022 probably. 2. Rubberex is still currently fully committed to gloves manufacturing and distribution. Any other form of collaboration is outside its primary focus.
Who knows? Major shareholder Ong Choo Meng may come up with something out of the box for Rubberex in time to come. ----------------------------------------------------------------------------------------------------------------------------------- neutralist hahaha. what synergy? if there is any benefit at all it will only benefit hextar. nothing about digital banking can be linked to rubberex. it will only makes it easier for them to raise debt via its own digital banking platform, or allowed payment via digital banking which all fees shall goes to hextar because the pie and consortium is joined by hextar lol.
Luke wishful thinking. EPS 5 for next QR. ASP drops around 20% qoq. next 1y normalised maybe around 14 cents eps only. pe 7@8 is only 1.12. then after that assuming new capacity is online should be eps yearly around 15c roughly. pe 7@8 give u around 1.2. unless market willing to give pe10 to then then not much upside at current price. if go near 80c again can buy leyh
luke i dont think surges of variants will have any impacts on asp. now compare to previous before covid time, supply has increased. so asp will just normalize. fast or slow only. i calculated with pre covid asp+20% anyway. fair to say fv is around 1.5-1.6 based on my calculation if you give it a pe10. still if no div given i believe many will run. what is worst when director dump shares on you and give no dividend. i would sit out till there is clarity on div. if i lose out then i lose out. dun really mind.
Closing prices as at 23/7/21: Rubberex - RM 0.96 or 1.92(original pre-bonus issue price) Comfort - RM 2.09 Careplus - RM 2.18
Tide has changed immensely in favour of Careplus, which has outperformed the rest since my last posting.
What has happened during the review period? 1. Careplus has completed its private placement exercise; 2. Comfort has listed its free convertible warrants; 3. Rubberex has set its private placement price at 80 sen and is looking to place out its shares.
Now, Rubberex is the cheapest in terms of its share price. Even so, it is hardly trading at below 90 sen, way above its private placement price.
---------------------------------------------------------------------------------- John1234 Jun 21, 2021 10:18 AM
If you check back my previous posting on 6 May 21, I had mentioned that Rubberex, Comfort and Careplus were like 3 musketeers, trading at about the same prices:
I do not have the reason why. I suspect it could be due to the dire need to preserve cash for its capacity expansion. Once the management has carried out the capacity expansion as planned, we would expect management to resume dividend payments.
John1234 thanks. always appreciate your input and sharing. and of course, better facts than me that always think and do some calculation based on available report which is research in nature. you are give facts. and definately not come out with a statement that it is moving up just because you bought again.
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....
neutralist
84 posts
Posted by neutralist > 2021-07-19 09:34 | Report Abuse
hahaha. hlt also about same price and overtaking rubberex soon? lol