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makes sense
its nature's way of culling humans ie Sri Lanka people

Posted by Sslee > 8 minutes ago | Report Abuse

Someone need to save this planet Earth by going for organic farming.

So a country is destroyed for the greater good of planet Earth.

if some religious nut bans all Fertilizers in Malaysia, same thing will happen, all agriculture in Malaysia will not exist anymore.
no more palm oil
no more rubber
no more nenas
no more Cameron vege, eat grass
no more rice, eat sand

Sri Lanka bankruptcy happened coz the country banned all manufactured fertilizers.
All agriculture died collapsed disappeared killed melted vanished missing evaporated vaporized overnight.

I think these Sri Lankans are disciples of Robert Mugabe who successfully destroyed Zimbabwe overnight.

at 26 sen, the next RI could be 20 sen

lost one third of capital

no worries

everything in Malaysia is pariah and or just plain cuckoo.

I dun mind being fined RM1,000.00 if I have an unexplained RM1.3 million in my bank account.
RM1,000.00 is just breakfast money at Harrods

or

Jailing the single mum and fining cabinet ministers a mere RM1,000.00 for exactly the same offence.

Avoid all gloves.

one of the signs and confirmations that Snaky Snake is part of the Insider Macau Scam Group is that Snaky Snake like to put words into other people's mouths

Whether TG goes bankrupt or not is dependent on management actions and cannot just say one.
and the timeline for bankruptcy 2022 was all Snaky Snake idea.

The Sith and the Dark Side deals only with absolutes whereas life is all grey with multiple possibilities.

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when TG is at 30 sen
the RI could be 25 sen

and next 10 years no dividends

Latest estimated TP is around 30 to 40 sen
Still long way to go

many people like Barbie punya Ken do not understand and beggars belief that a company the size of TG can go bankrupt so fast.

actually the bigger they are, the faster they go bust.
Like the way I illustrated to you, TG can go bust in just 2 months time.

new MD immediate solution is to freeze those RM773 million capex
(immediate survival requirement)

every time I say TG bankruptcy, Ken says no way.
every time I say TG bankruptcy, Ken says no way.
every time I say TG bankruptcy, Ken says no way.

so now I draw out the skeleton for you so that you understand.

There are lots of hope though,
TG can be saved by fast and correct action.
Americans are very good at this management method.

Done properly with proper objectives, TG can be profitable by August 2022
otherwise all of us here will be harping and harping on TG bankruptcy.

Yap
the armchair CEO game is very nice
TG should immediately shut down at least 10 factories and at least 200 latex lines
balance after Capacity Reset should be circa 392 nitrile and 190 latex lines or thereabouts.

Top Ten TG

Terminate Snaky Snake without compensation to save costs
Immediate Capacity Reset to 15,000 workers

Freeze or terminate all Capex
Machine Reset to remove low quality latex lines

Minimise indirect staff.
No more dividends (to make Snaky Snake unhappy)

Execute PP for more cash
Execute RI for more cash

Asset sales like Snaky Snake punya laptop, handphone, car and table.
Company wide cost reduction (without playing with any third party meters)

one way is to terminate all contracted capex of RM773 million
might need to pay some penalties.
even 10% deposit penalties forfeited also nevermind

no wonder TG changed MD
must have had a long and huge argument at BOD meetings.

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As at the end of the reporting quarter, the Group had approved and contracted for capital expenditure amounting approximately to RM773 million.

available cash is RM1,004 million
=> left only RM231 million

if happened again a Gross Loss, TG has cash to last only 2 months looking at historical burn rate of 100 mil a month.

Guaranteed the Snaky Snake punya gaji will not be paid soon.

the alternative is to be a Chow Kah

not yet finished selling
the drop only comes after selling has been completed.

now its still
LHS to RHS
RHS to LHS

which fool want to sell cheap?

my old data was like this...

latex up 50%
butadiene fluctuate between up 200% to up 300%
compared to pre-covid

HR up RM300.00 (or RM600.00 if overtime) per mth
if no OT then RM3,600.00 per year

loan amortization say RM20,000.00 to RM40,000.00
amortized over 5 to 10 years means ~ RM4,000.00 per worker per year

4 inch mattresses and new housing ? ~ RM1,200 per worker per year

electricity up 18.4%

PPE ~ RM400.00 per worker per year

agree

Can I advise you something?
coz China 100% confirmed and maybe US will be self sufficient in Gloves

its downhill all the way for Top Gloves unless they invent a Time Travel Machine or something ...

nobody wants to sell at low price
the handwashing will continue until completely sold then jump off cliff
dun believe?
ask rr88 and many others with decades of experience

best just do momentum trading

if up just hold until next down 10% then sell
if down cut lost at 10%

Guaranteed profits this way and no need to bother about Snakes.

must ask the Snake whether the difference of 2 is due to Snaky billing by him to TG


sinojab

sales 1.46b
cost 1.48b
what a choke

5 minutes ago

thanks rr88


rr88

Bear trap. Cannot. Index will come down and cruise past 1500 without any resistance. Sell/stay away.

2 minutes ago

I am only curious about the Bankruptcy Snake punya FD interest this QR
Snake forgot to renew the FD interest.
Snake only renewed the Principal.

later Snake will be informed that the bank had just become a Swiss Bank
in Swiss Banks you no get interest ... you pay the bank interest instead...

you are supposed to set a cut loss at 10% to 25%
depending on your risk appetite

its a bit too late now, rite?

NatsukoMishima

Can anyone share your feeling if your entry price > rm 3 n still hold tg ?

10 minutes ago

thats why 15,000 workers
taking into account further drops

the current conditions requires 17,000 workers

you can only cut once
otherwise the drop in morale is a sure road to bankruptcy
many people make this mistake of continous cuts every month
sure die


jimjim111

more challenging ahead … minimum wage implementation, too much capacity, more competition and continuously lower and lower ASP, profit getting lower and lower per Q.

32 seconds ago

these are forensic results
its in the past

already die liao lah

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ini ACE counter punya results lah

how about a lickable and eatable condom?

matklse

TG will be the next big thing if they came out with durian flavor and texture condom.

1 second ago

someone is hoping those Ballot count centers will be flooded?

Sweetchocalates

Parliament will dissolve on 1st of sept and GE15 on 8/10. Rumours only. You know you know la

8 seconds ago

when it hits bottom, company goes bankrupt
why would anyone buy a bankrupt company?

its a Gross Loss
so Capacity Alteration to 15,000 workers is critical to short and long term profitability.

otherwise sure Top Glove hugs 22,000 workers to bankruptcy.

if you did not see Elvis at Lorong Haji Taib
or see Martians at Putrajaya,
its confirmed you are not the right type of person to see or hear Ekovest news

its invisible news
if you are not the right person you cannot hear the news or see the news.

coffee and cake at Harrods been RM150.00 for years
zero inflation
the Rakyat are all liars



BobAxelrod

Yeah, the same Gobermen that kept saying Inflation rate is at 2.2 to 3% only lah......

They have never gone marketing or shopping for groceries......Even their roti canai has price increased....maybe their driver paid for drinks.

18 minutes ago

no worries
I have full confidence that MOF will agree to send out Free Money to oil rich Middle East Countries via loss making contracts.

I suspect some people might not agree with me.


BobAxelrod

Today is last hour already. Tomorrow is 10th June....still no noise from MOF....keep your pants on...don't hold your breath......hahahaha

10 minutes ago

I dun agree,
the Snake is just a floor sweeper and rubbish worker working outside the KFC outlet coz Outlet Manager dun allow him to go inside,
too dirty and smelly to work inside outlet, will scare away customers.

Buy Sapura shares with confidence

I will propose to Gobermen to shut down Kebajikan and give the Free Money to Sapura.

Personally I do not see anything wrong in shutting down Kebajikan Ministry campak out orphans and old folks and force them to live on the streets and give the money to oil rich Middle East countries.

I suspect some people might not agree with me.

Personally I do not see anything wrong in poor Malaysians giving Free Money to oil rich Middle East countries via loss making contracts.

I suspect some people might not agree with me.

last chance to buy Top Glove before it drops below RM1.00 per share

on paper, its 2 sen NTA, in reality, there is nothing left.

any debt papers that creditor gets is just promises that future generations of stupieeed Malaysians slaves will give free money to such creditors for next few hundred years.

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Welcome to the world of Bankruptcy (never drop below 1.50) Snake