Gas price also dropped.

https://www.marketwatch.com/story/why-natural-gas-prices-may-sink-further-after-hitting-2016-lows-2020-02-13

OLH most likely to offer between 1.25 to 1.55 ringgit. This is only my personal opinion. Like Trump said,I might be right,I might be wrong.

RHB has increased dividend by 51%,from 20.5 cents to 31 cents. Looking more attractive for OLH to takeover. He wants all of it. OSK will get around 125 mil. ringgit in dividends.

chief999,inventories was on 31.12.2019. By end January,2020. all completed already.

chief 999,you were looking at annual report,2019, last year June.

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=208386&name=EA_FR_ATTACHMENTS

Back of envelope calculation. Last qtr. Revenue was 385,497,000. 10% increase in revenue equals to 424,046,700. Revenue can increase up to 20% but lets take 10% increase only. Profit margin was 8 to 10 percent before. Now profit margin can be as high as 15% because of lower costs and higher average selling price,and the exchange rate gain. Revenue 424,046,700 times 15% give you 63,607,005 ringgit profit. 63mil times 4 equal 252mil for 4 qtrs. EPS will be around 20 cents. 4.00/0.20 = 20 PE. Therefore 3.50 ringgit target price justified.

As at 31.12.2019 inventories was 196,410,000 ringgit. Do you think all the stocks are still there,nobody is buying. Where do you think Supermax gets the money from for the shares buy back.

https://www.nst.com.my/business/2020/04/588147/supernormal-rubberex-riding-exceptionally-high-gloves-demand

OLH will look to the future. Money to be made.

OSK holds just over 10% of RHB. Institutions are allowed to hold up to 10%,anything above that will require BNM approval. OSK can sell some RHB shares to bring it down to 10%. Once he has succeeded,he can sell off the 10% of RHB to pay for any loan he has borrowed for the takeover and keep the remaining money as the loan required for the takeover is definitely less than half the 10% of RHB. He gets to own OSK for free PLUS free cash to run OSK. Or OSK still ends up owning 5% of RHB. The 5% will still generate dividend income for OSK.

How much will he offer? Your guess is as good as mine.

Remember he is paying the company for the warrants. The money goes to the company which he will then take over,the company will be his. So all this money goes back to him. Don't you dare to think that he will lose out.

https://malaysiastock.biz/Company-Announcement.aspx?id=1220415

OLH will convert his warrant as his deemed indirect holding will exceed 50% after converting. At the moment it is already 48.658%. OLH plus PACs will be more than 50%. He is only giving money to himself by converting the warrant as he will take over the company.

https://www.thestar.com.my/business/2020/04/09/quick-take-hartalega-shares-hit-all-time-high

https://www.ccn.com/dow-futures-shudder-as-who-issues-chilling-coronavirus-warning/

IanQ,that is the least of his worries. RHB is backing him. This is not the first time he tried to takeover.

He is paying 1.20 for something which is worth around 2.40 ringgit. If he were to buy the millions of shares in the open market,he will definitely push the price of the share up way above 1.20 ringgit. Therefore it is cheaper to convert the warrants into the mother shares.

It is important to ask,he and person acting in concert (PAC) own how many of the 356,577,165 warrants. By converting the warrants that they hold,they will increase their shareholding in OSK as nobody else will convert when the mother share is below 1.20 ringgit. When they convert the warrant,will their combine holdings go above 50%.

I am GheeKong.By killing the warrant,he will increase his shareholding in OSK. Nobody will exercise to convert to the mother share except him. That is the only way for him to takeover OSK after 22nd.July,2020. Highly likely that this will happen. The question is how much will he offer.

Me too. 8.46 top up. Only 3 months to wait.

Short term sell off because of ESOS. Some employees will cash in as they acquired the shares at only 2.26.

wiki123 thank you for the infor

https://www.bangkokpost.com/business/1765074/rubber-plunges-on-chinese-traders-exit

https://www.thestar.com.my/business/business-news/2019/08/30/supermax-posts-589-jump-in-q4-net-profit-to-rm1506m

https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7106

http://www.thestar.com.my/business/business-news/2019/07/03/rubber-glove-sector-to-outperform-says-kenanga/

It reminds me of MYEG when the directors started buying.

wiki123,the company do not pay 24% tax on the divi. The company do not deduct tax on the divi. The corporate income tax imposed on a company's profit is in the form of a final tax and the distributed divi. are exempted from tax in the hands of the shareholders under the single-tier system.

wiki123,Supermax does not have to pay dividend on the 53m treasury shares thus saving a few millions in dividend payment. You don't pay divi. on the treasury shares.That was what I have intended to say. The 53m is exempted from divi.

wiki123,Supermax will save a few millions in dividend payment annually because of the 53 millions treasury shares. Once they have accumulated enough treasury shares,it can be given back to the shareholders in the form of a bonus. They can cancel the treasury shares but I don't think they will do that,or sell it back to the public when the share price has risen. One thing for sure is that Supermax definitely thinks the share is undervalue. That is the reason why you buy back your own shares. Supermax bought back it's own shares before,when the share price was around 2.00 ringgit before the split. They are doing it again now.

http://www.thestar.com.my/business/business-news/2019/05/15/cimb-research-expects-rubber-gloves-to-benefit-from-us-china-trade-war/

wiki123,cash flow is still ok. Down by only around 7m. even after spending so much on plant12 and contact lens.

wiki123,short and long term debts have been reduced by utilizing the refunds .

10% of revenue or profit or 10% of assets as well to be precise.

The contact lens business will be reported in the financial statement as a different segment from the glove business when the revenue from the contact lens business reaches 10% of the total revenue or profit as required by IFRS8 for a listed company. As for now,it is not disclose separately as it is not required to do so.

https://www.theedgemarkets.com/article/malaysian-glove-makers-under-pressure-ringgit-oil-citigroup

You guys are really rubbing it in.

Have a better understanding of the gloves business. Read the above.

https://b4brands.com/blog/latex-vs-nitrile-vs-vinyl-gloves-which-to-choose/

The target price 2.60 has totally ignored the investment in the contact lens business. China resumption of vinyl glove has little effect on Supermax's sales as the usage of these type of glove is very different from what Supermax is concentrating on. It has also ignored sales increase from health awareness and new markets for gloves. Ask yourself if you are the boss of a glove company would you build new production lines to increase supply and totally ignoring the demand side. Spending millions in new production lines. Are the bosses of gloves companies not aware of this.

https://www.thestar.com.my/business/business-news/2018/12/31/play-it-safe/

https://www.thestar.com.my/business/business-news/2018/12/24/us-stores-finishing-the-holidays-on-a-high-note/

Hear,hear. Agreed.

https://www.cnbc.com/video/2018/12/14/the-market-is-wrongly-pricing-a-2019-recession-federated.html

https://www.cnbc.com/video/2018/12/17/i-was-wrong-on-the-sell-off-but-this-bull-market-isnt-dead-yet-says-blackstones-top-strategist.html

https://www.cnbc.com/video/2018/12/19/cramer-charts-suggest-market-pessimism-is-overblown.html

https://www.cnbc.com/video/2018/12/24/despite-december-doldrums-stocks-could-rebound-in-2019.html