Highlights
KLSE: RUBEREX (7803)       RUBBEREX CORP (M) BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.60   -0.02 (3.23%)  0.59 - 0.615  9,560,000
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  10 people like this.
 
Sneakpeek 50c peeking and saying hi...
23/09/2021 3:22 PM
freddiehero 。no la.. still early.
23/09/2021 3:22 PM
Sneakpeek SBB got money..dividend no money...pfffttt.
23/09/2021 3:23 PM
Sneakpeek Investor red eye
23/09/2021 3:35 PM
Stockhunter88 Boss no money to sbb d?
23/09/2021 3:56 PM
Jonathan Keung Share buy back totalling 21 million { 58-60 sen } latest update 6.8 million, 6.7 million and 7.3 million
23/09/2021 4:13 PM
23/09/2021 5:35 PM
HamsterHuat Rubberrex boss always SBB lah....when price goes up...will sell on open market.

Never declare treasure dividend at all.
Useless Glove company
23/09/2021 9:01 PM
Blacksails The Boss doesn't care about the other shareholders, instead of giving good dividend he decided to SBB, what a waste of good money when it cannot halt share prices from dropping lower. Better consolidate the shares eg 4:3 if you want to maintain the share price at current or slightly higher price. That's only my opinion to share with those who can comprehend the situation.
23/09/2021 9:26 PM
neutralist hextar owns 38%. 62% is in the market now @ 320m. company cash is 300m. Why would i let other people snap my company for cheap. buy back up till 10% cost 32 million only if people throw so cheap. 300m left, offer extra 50% @ 450m buy the company off the market. all 270m cash left go to owners pocket. if ruberex continuento make money, ROI for him takes only 2-3 years. then when market normalize and back to good time, just relist back at higher valuation. Who don’t want haha. good for him but not minority shareholder. but if he do that, can earn some from privatization offer. but this is an assumptions on my perspective only. not an advise, or analysis of any sort.
23/09/2021 10:33 PM
John1234 Well, let's look at the facts to be more objective...

Before SBB, Rubberex used to be extra weak in its share price movements among all the gloves counters as a result of a variety of factors, more notably:
1. Poor market sentiments, especially towards the glove sector;
2. No announcement of dividend payments.

What happened to its share price after SBB was carried out by Rubberex management consecutively for the 4th time this week? I would say its share price was more resilient against a bigger % drop, when compared to other glove counters. Given the current weak market sentiments towards glove counters after Top Glove's recent release of result, SBB helped to soften the blow.

In fact, Rubberex's bonus issue of 2 for 1 last year had actually increased its total number of outstanding shares by 2 times more. So, when market sentiments turned sour, it could work against the share price by having more shares to sell in the market. Without SBB, the share price could have dropped even more.

I do agree that dividend payment is very good news for the shareholders. But if the share price continues to drop more after xd(like recent examples of Comfort and Supermax), what is the use?
I would prefer the company to do more to support the share price.

As for your proposal to do a shares consolidation for Rubberex, I do not think it will be well-received by the shareholders as investors usually have very negative views on any shares consolidation.

Whether Rubberex will take the company private after acquiring more shares at current price levels, I cannot comment much as I am still trying to decipher the company's current move.

I am simply sharing my own personal opinion. I do support Rubberex's current SBB move on its merits. I am NOT a company's spokesman on SBB. Let's hear more from what other forumers-cum-shareholders have to say!

===================================================================
Blacksails The Boss doesn't care about the other shareholders, instead of giving good dividend he decided to SBB, what a waste of good money when it cannot halt share prices from dropping lower. Better consolidate the shares eg 4:3 if you want to maintain the share price at current or slightly higher price. That's only my opinion to share with those who can comprehend the situation.
23/09/2021 9:26 PM
24/09/2021 8:06 AM
TheContrarian Way back 6 months ago in April the controlling shareholder sold over 100 million shares at prices above RM1.40. There has been no disclosure of the buyers. Are the buyers' shares been forced sold recently?
24/09/2021 10:07 AM
John1234 Another similar example is Hartalega. Yesterday was its first xd day. It dropped 14 sen more on top of its 19.75 sen per share dividend payment. And today, it continues to drop 12 sen as of now. Why? A lot of dividend investors waited very patiently for xd date and only started selling their shares after xd date. Isn't it 因小失大?
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3190839
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I do agree that dividend payment is very good news for the shareholders. But if the share price continues to drop more after xd(like recent examples of Comfort and Supermax), what is the use?
I would prefer the company to do more to support the share price.
23/09/2021 9:26 PM
24/09/2021 10:08 AM
Pandu1 SBB will make the price to increase lo.
24/09/2021 10:16 AM
John1234 This is a tricky question. I believe the big sell vols would have already been absorbed by the market. If there is no disclosure of any buyers on the Bursa website, then buyers could be owning a less than 5% stake.
================================================================
Way back 6 months ago in April the controlling shareholder sold over 100 million shares at prices above RM1.40. There has been no disclosure of the buyers. Are the buyers' shares been forced sold recently?
24/09/2021 10:07 AM
24/09/2021 10:16 AM
John1234 Got to see Rubberex's intention of the SBB move - to stabilise its share price or to push its share price higher...
========================================================================
Pandu1 SBB will make the price to increase lo.
24/09/2021 10:16 AM
24/09/2021 10:27 AM
TheContrarian The reason price couldn't stay up is obviously due to continued margin call forced selling.
24/09/2021 10:33 AM
John1234 I do not rule out any possibility...
---------------------------------------------------------------
TheContrarian The reason price couldn't stay up is obviously due to continued margin call forced selling.
24/09/2021 10:33 AM
24/09/2021 10:42 AM
John1234 Nowadays, even big4 also go separate ways. As of now, only Top Glove is up slightly. Hartalega and Kosssan are down more and Supermax is down slightly.
24/09/2021 10:47 AM
TheContrarian Eventually the margin call forced selling will run out and that's the time price will climb.
24/09/2021 11:46 AM
John1234 Normally, a pre-weekend show can be quite boring. But this time round, I see 2 forces pitting against each other - SBB force vs Rubberex operator. Pretty interesting!
24/09/2021 3:26 PM
Stockhunter88 Looks like another sbb today.. Rubberex looking to privatise since it is below nta now
24/09/2021 3:37 PM
skcm2017 Stockhunter88 - > We will write the official to them as the rumours started
24/09/2021 4:42 PM
John1234 Wow, today Rubberex did us proud - up 5.1%.

Kudos to Rubberex management!
24/09/2021 4:58 PM
TheContrarian SBB was done from 58.5 to 62 sen. Which silly people bought until 63.5 sen?
24/09/2021 5:36 PM
Kingbeast Will Ruberex last long enough? I plan to enter but I’m scare :(
24/09/2021 7:38 PM
TheContrarian If scared don't invest in shares, stick to FD.
24/09/2021 7:48 PM
Kingbeast Ruberex too volatile. But very tempting. Cheap af.
24/09/2021 8:07 PM
Kingbeast Ruberex cannot sell to US somemore.

I think no SBB - Ruberex won’t be as strong but only temporary.

What are your thoughts? Don’t flame me. Here to discuss
24/09/2021 8:08 PM
TheContrarian Below 60 sen was a bargain buy.
24/09/2021 8:10 PM
Blacksails SBB will eventually benefit the Boss and PP buyers @$0.80 and when the share price is pushed up to say 0.70-0.8if possible, the Boss and his partners will start selling again and price will drop back down as like before if the QR isn't good enough. This is the scenario I foresee likely to happen as the Boss had exhibited similar pattern before.
24/09/2021 8:24 PM
TheContrarian SBB will benefit those who dare to buy below 60 sen.
24/09/2021 8:25 PM
Kingbeast Meaning those who bought 0.8-1.0 will be played out?

Gg.

SBB is a strategy for boss to earn, not retailers.
24/09/2021 8:40 PM
TheContrarian People who bought at 0.80-1.00 had the opportunity to average down their cost by buying below 0.60.
24/09/2021 8:54 PM
John1234 I must really compliment Rubberex's management for the SBB, well-executed. The management has waited very patiently for the share price to drop below 60 sen first(amid all the selling due to the poor market sentiments and endless badmouthing) before striking hard to push its share price out of its doldrums.

This has now sent a strong message to the market participants(in particular, shorties and Rubberex operator) - "Do not play play with my counter. I am serious about my SBB". At the same time, other glove companies(esp Comfort) will be very keen to assess if the SBB strategy can work in their own contexts, if they have not fully utilised their current SBB mandate yet.

To be very frank, SBB can never push the share price way too high to bail everyone out of any wrongful investment decision. But it can surely make a marked difference between a winner and a loser here. A winner will assess the situation and make appropriate(corrective) investment decisions, based on this new corporate development. But a loser will keep complaining about the situation and do nothing about it.
25/09/2021 8:33 AM
Kingbeast Hope glove sentiment will improve in 2021. And Ruberex secure sales from US.

Not sure how’s the expansion doing - but in order to stay afloat in the glove competitive market.

SBB is just a temporary measure. If the market feels that Ruberex will not be able to compete, there will be market sell down for Ruberex.

We need management to keep goreng Ruberex counter.

I will enter next Monday morning a bit.
25/09/2021 9:02 AM
John1234 Kingbeast, yes, SBB is just a temporary measure. Remember my previous advice to you - Do not get overly-exposed on one single sector?

If you decide to "trade along", make sure you have a trade plan.
25/09/2021 9:24 AM
Kingbeast Thank you John
25/09/2021 10:07 AM
Plantermen Best to limit one sector exposure. All in { betting big } on 1 counter or a singular sector not advisable from an investment view point. Just like betting on a roulette table { either red or blue} either you win or lose
27/09/2021 9:24 AM
John1234 big4 are still in a free fall this morning. So, Rubberex's SBB seems to be stabilising its share price around 60 sen level now....
==============================================================
John1234 Got to see Rubberex's intention of the SBB move - to stabilise its share price or to push its share price higher...
24/09/2021 10:27 AM
27/09/2021 9:26 AM
Valgrovest Company's share buy back counter productive. Vaccination is progressing very satisfactorily and new cases are dropping very sharply. End of the game for rubber gloves. Move out and start buying vaccine counters like Pharma & Dpharma.
27/09/2021 12:31 PM
John1234 I did not delve into the fundamentals of Pharma and Dpharma. But their TA charts do not look impressive too. Hope you have made a correct investment into these 2 counters. For me, I would say hold cash, rather than going into any investment now.
==============================================================================
Valgrovest Company's share buy back counter productive. Vaccination is progressing very satisfactorily and new cases are dropping very sharply. End of the game for rubber gloves. Move out and start buying vaccine counters like Pharma & Dpharma.
27/09/2021 1:37 PM
Jonathan Keung Pharma not really shinning. Year to date Pharma counters lack lustre performance
27/09/2021 1:53 PM
Jonathan Keung What's worrying if the SBB is halted ? The company is buying not the individual owners or major
controlling shareholderss
27/09/2021 1:56 PM
Valgrovest Exactly they are laggards at the moment - buy low now and look at the longer prospect. Vaccines definitely required for the new normal (already deliberating on 3rd dose) and I reckon pharma companies will be more sustainable than rubber gloves companies.
27/09/2021 1:57 PM
John1234 Got to see if the company carries out SBB today. It can be halted or paused for any reason, eg if they perceive they can buy back the shares at lower prices, etc, given the market sentiments.
==============================================================
Jonathan Keung What's worrying if the SBB is halted ? The company is buying not the individual owners or major
controlling shareholderss
27/09/2021 1:56 PM
27/09/2021 2:31 PM
GuguGaga Everyday down for this counter. Is there any hope for dis counter to bounce back?
27/09/2021 4:57 PM
John1234 Can't you see that the big4(esp Supermax and Top Glove) are down again today on more short-selling and they are dragging the whole glove sector down?
https://www.theedgemarkets.com/article/glove-makers-remain-red-weaker-growth-outlook#
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GuguGaga Everyday down for this counter. Is there any hope for dis counter to bounce back?
27/09/2021 4:57 PM
27/09/2021 5:20 PM
John1234 Yes, SBB still today...
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3195610
==================================================================
John1234 Got to see if the company carries out SBB today. It can be halted or paused for any reason, eg if they perceive they can buy back the shares at lower prices, etc, given the market sentiments.
27/09/2021 5:51 PM
27/09/2021 5:59 PM


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