Just to share a little bit about the MD. The MD graduated in USA and worked for glove factory in USA.Then, he noticed that working in production would not help so he volunteer to join the sales team and start doing sales. After that he start up trading company where he buy and sell to USA customer and lead to he himself wanted to set up a glove factory.That's where seal polymer was founded and during his 50s, seal polymer was acquired by supermax and delisted from bursa, with 50-60millions in hand and nothing to do. He started to acquire IRCB and inject about 44 millions to pay off debt and all that, including recruit his own son to make all these happen. According to useful source, IRCB spend 1.XX million yearly just for natural gas in all 14 production lines.Recently was inspected and found leakage of natural gas somewhere and projected to save 20% of the gas. I just put half of my total stake in this company, just because i believe the capability of the MD. My 2cents,trade with own risk.
see the picture below. People wear gloves in the street market to prevent ebola . Is not only use in the hospital but use everywhere. Demand will grow.
I support Jolie2... opportunity doesn't comes often... I had missed out Ho Hup & THH.... they were under PN17.... compare their prices pre and post..... and now this glove company managed by real professional and experienced ppl, why are we still afraid of ??? .. but of course decision lies within your goodself but I am banging on this counter......Huat ah !!!!
haha.. ya ppl sometimes dun look at NTA..but that is mostly on blue chip stocks or higher quality stocks.. not this kinda kerang stock.. PN17 which anytime can bangkarap... NTA is a better indicative just in case this wan file for liquidation, kerang-holders will know what they'll be getting...
i see many birds out there . No is not a bird. ITS SILVER BIRD. There are coming to IRCB to support at 0.36. There don;t want to makan bread anymore after kena burnt. They come to IRCB to get treatment and recover back their loss.
The edge headlines on rubber glove again. This time is serious as WHO declared similar emergencies for the swine flu pandemic in 2009 where IRCB shoot-up to nearly 2.00
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thesteward
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Posted by thesteward > 2014-07-31 19:14 | Report Abuse
put my faith in wrong stock...sud hv invested more in Suma than this...hope it will not go down further....