Posted by imvu > 2021-07-07 14:15 | Report Abuse

jutawan comfort .

Posted by IMwhatIM > 2021-07-07 14:17 | Report Abuse

A couple of months back the mother shares moved from RM1.87 to RM2.35 within 3 days. It then dropped to RM2.15 before the syndicate pushed it to RM3.04, all within 7- 10 days. The syndicate is strong enough to move the counter. During that period of abt 4 weeks, in total, JPM was no where to be seen so the shares were not shorted.
From there one can easily tell that to bring it from the current price of below RM2.00 to RM2.30 is chicken feed for the syndicate.

When the syndicate wants to buy back the mother shares at low prices they will leave it to JPM to do the dirty job of bashing the prices down.

So if you are not caught at the wrong end of the stick, you are ok.

The simple stock market advice is " see where you are walking" and you will be alright.

Posted by thlim123 > 2021-07-07 15:09 | Report Abuse

Mother dint up, wb price cannot sustain.

Posted by IMwhatIM > 2021-07-07 15:18 | Report Abuse

The WB was overvalued this morning . The mother price must go up so that WB price will be supported.

Posted by Play_Joy > 2021-07-07 16:07 | Report Abuse

If you are still holding warrant...good luck then. I will prefer mother share

Posted by IMwhatIM > 2021-07-07 16:11 | Report Abuse

Those who chased WB up to 58 cents this morning is now down by 1/3 already. The syndicate can be very shrewed at times.

Posted by Dannyfyl88 > 2021-07-07 16:48 | Report Abuse

Ya IM.. But this WB is five year...If let's say this is going to $4.. or 100%, WB will be worth...61c? I think now 24% premium is cheap as the mother can easily goes up 25% in the next few months. It is free.. so I just hold for fun... Let's see if there's a brighter future for gloves in the next few months. All Covid gone and back to normal 2021/2022 is premature for me...

Posted by IMwhatIM > 2021-07-07 17:01 | Report Abuse

The ASP for next 2 qtrs shld still be high as the order was locked in last year so the mother share can still go beyond RM3.00 next 6 months as Comfort can still show profit growth.

At RM3.00 for the mother share the WB shld easily go back to 60 cents. I took the chance and bought some at 38.5 cents just before the close today.

The pandemic not likely to go away completely so soon. The demand will be more as people are more conscious of physical contact.

Posted by Dannyfyl88 > 2021-07-07 17:04 | Report Abuse

Agreed... WB be around 60c on 3. 5 years...who knows...

Posted by IMwhatIM > 2021-07-07 17:11 | Report Abuse

From my years of experience in playing with convertible warrants: conversion price + 1 warrant is easily 10 to 12,% higher than the mother share.

If mother share is RM3.50 then the WB is likely to be RM3.5 x 1.10 - RM2.39 = RM1.55.

Posted by IMwhatIM > 2021-07-07 17:13 | Report Abuse

Sorry RM3.50 x 1.10 - RM2.30 = RM1.55.

Posted by Dannyfyl88 > 2021-07-07 17:16 | Report Abuse

Yes, if the expiration date is Far ahead...like this WB - 5 years..

Posted by thlim123 > 2021-07-07 17:27 | Report Abuse

Initially planning to sell my free warrant @ 15k unit. But listing, I changed my mind. Going to keep the wb. Still long way to go.

Posted by 5c0160 > 2021-07-07 17:45 | Report Abuse

Tmr ex div comfort 1.70

Posted by awesome20 > 2021-07-07 17:46 | Report Abuse

adoi comfort not so comfort today..terciduk dgn wb

Posted by BrusaCasino > 2021-07-07 18:56 | Report Abuse

5c0160 Tmr ex div comfort 1.70
-----
Haha. I don't remember this being a comedy club

Posted by IMwhatIM > 2021-07-07 22:09 | Report Abuse

Some people cannot add or subtract accurately. The closing price today was RM1.94. Dividend is RM0.04 cents. So the theoretical ex-div price is RM1.90. Where does RM1.70 come from? Have to ask the school kids.

Posted by Start_0f_the_bull > 2021-07-07 22:28 | Report Abuse

https://www.google.com.my/amp/s/www.malaymail.com/amp/news/malaysia/2021/07/07/miti-aerospace-repair-healthcare-ee-manufacturing-among-new-economic-sector/1988029

Tomorrow the big4 glove makers will lead all glove counters to shoot up.

Posted by Peace99 > 2021-07-07 22:54 | Report Abuse

Great! Btw, glad to have sold WB today at higher price than yesterday. I have not many lots so don't want to keep track. good discussion yesterday, tq

Posted by BrusaCasino > 2021-07-08 07:18 | Report Abuse

Good job, those who hold. Dividend soon whooo hoo. Thanks management

Posted by Start_0f_the_bull > 2021-07-08 10:04 | Report Abuse

Same pattern as Carepls, after ex-div price drop.

Posted by happyfish4ver > 2021-07-08 10:24 | Report Abuse

Every stock the same unless the sector in on-trend

Posted by John1234 > 2021-07-08 10:41 | Report Abuse

Dividend payment is like drawing cash out from the company's cash reserve. Share price has to be adjusted for this change.

In a bull mkt, adjustment will be less. But on a bad mkt day, adjustment will be more.

Posted by BrusaCasino > 2021-07-08 11:18 | Report Abuse

Yes definitely there will be adjusting, but if the stock is already undervalued, how to go lower

Posted by BrusaCasino > 2021-07-08 11:19 | Report Abuse

Most of the time yes it will drop, but based on my view, today might close without drop. If undervalued, sure someone line up to absorb the sellers

Posted by Start_0f_the_bull > 2021-07-08 11:59 | Report Abuse

Though it maybe undervalued, but many got burnt before and the hesitancy remains until now. Anyway, thanks to those that sold to me at much lower price cum dividend.

Posted by CuriousLearner > 2021-07-08 12:52 | Report Abuse

Finally some substance in i3 where I learned something. Thank you all who have shed lights on WB. Learn a lot about warrants.

Posted by BrusaCasino > 2021-07-08 15:57 | Report Abuse

I am going to buy more. I am a retard

Posted by Start_0f_the_bull > 2021-07-08 16:01 | Report Abuse

Today Comfort price follows other glove counters drop. No doubt it's fundamental is still strong.

Posted by Dannyfyl88 > 2021-07-08 16:33 | Report Abuse

I join you Brusa... Not a retard in 3 months...

Posted by CuriousLearner > 2021-07-08 17:09 | Report Abuse

I will buy at 1.7

Posted by 5c0160 > 2021-07-08 18:21 | Report Abuse

Hopeless, tmr drop somemore

Posted by Jingweihan > 2021-07-08 20:56 | Report Abuse

Good

Posted by cookielookz > 2021-07-09 01:11 | Report Abuse

hi guys, would you guys sell your warrant or keep it? it is currently trading at a premium of 44%.

Posted by thlim123 > 2021-07-09 08:41 | Report Abuse

Cookie, I got wb for free, I’m keeping

Posted by Bgt 9963 > 2021-07-09 08:44 |

Post removed.Why?

Posted by Dannyfyl88 > 2021-07-09 09:56 | Report Abuse

Cookie... unless you have a better investment or gave up on gloves... sell. 3 things. 1-gloves are currently settling at the bottom price now.. waiting for news to bomb up. All the sellings almost gone unless the glove companies gone bust because nobody buys gloves anymore. 2-Other counters in Bursa present more risk as ALL have gone past pre-covid price. All I see is Covid is blooming with more infections/variants and businesses will suffer due to the lockdown. Gloves still make the most money this year. 3-the WB is five years and Free. Unless you need the money to feed, just keep it.

Posted by afif95 > 2021-07-09 10:13 | Report Abuse

the company and director hold at 1.8

Posted by IMwhatIM > 2021-07-09 10:29 | Report Abuse

It looks like the mother share is being supported at RM1.90 and WB RM0.40 level. I am not surprised if the syndicate is preparing to push up the prices anytime now.

Good luck.

Posted by IMwhatIM > 2021-07-09 10:40 | Report Abuse

It is very clear that if the mother does not go above RM2.30, no WB holders would want to convert to mother shares and Comfort will miss raising and collecting the RM400 million for their kitty.

Comfort Gloves WILL move the mother share to above RM2.30.

Posted by thlim123 > 2021-07-09 10:59 | Report Abuse

IM highly chance will move up..

Posted by IMwhatIM > 2021-07-09 11:02 | Report Abuse

Just starting to move now.
I bot more WB at 40 cents this morning.

Posted by Start_0f_the_bull > 2021-07-09 11:03 | Report Abuse

Obviously it still cannot be independent, continue riding on other glove counters.

Posted by AxeCapital2077 > 2021-07-09 11:15 | Report Abuse

Glove gg

Posted by cookielookz > 2021-07-09 11:15 | Report Abuse

Thanks Danny, does it mean if mother share move to RM2.3 then we can convert the warrant to mother FoC? Otherwise how much do we have to pay to convert? I'm really blur on how this warrant works.

Since it is trading at a premium to the mother, Isn' it wise to sell warrant and buy mother because mother is at a discounted price?

Hope to get some clarification.

Posted by Start_0f_the_bull > 2021-07-09 11:26 | Report Abuse

Anyway, it is an very much undervalued stock. I will just hold for the next dividend and beyond.

Posted by Dannyfyl88 > 2021-07-09 11:50 | Report Abuse

Cookies..WB is trading at a premium due to the 5 years projection. To buy mother share only if you are in the money with WB. It is best to hold till over 2.5. I think this stock should be 4-5 fair value.
...looking from the low P/E prospectives.

Posted by cookielookz > 2021-07-09 13:48 | Report Abuse

Hahah, im hoping it goes back up to 5. thanks

Posted by BrusaCasino > 2021-07-09 14:52 | Report Abuse

I am going to hold comfort till I make few times my money. Just a note. I am not leaving

Posted by BrusaCasino > 2021-07-09 14:53 | Report Abuse

Those who believe in the company even when the stock price dropping, will be rewarded