Revenue keep dropping. What does that mean? Overhead too high. Unsubstantiated expansion= overconfidence killed the business. Stiff competition. Now become pasar malam business. Buy 1 pair get 3 pairs free.
Imagine how much paper lost from tan Sri buy back from 6 something all the way till now,I run whenever I see the boss focusing more on the company share price,the more buying back the more it going south,falling into own traps
Tan Sri buy back From 6.00 till now ?? don;t believe too much...Tan Sri n family buy back share like play Basketball...passing left,passing rigth,passing front,passing back....he not crazy.....ikan billis is Sacrifice。
Yes, that is how big sharks create volume. With 1 share, I sell to you, you sell to me. I sell to you, you sell to me, I sell to you, you sell to me, Create a "busy"counter scene. In the middle of transaction, bilis masuk, both sell to him/her.
Bursa is Big Dealer ! Approve Too much new no Quality share listing in Malaysia share market ! N those new share Just first day or second day trading (show time) ....after that Missing ...n the price ..melt like Ice....
The BIG issue with continued losses is how are Top Glove going to roll over their Bonds and loans (and they have huge ones). I can't see investors in the Bonds being willing to roll their lending over to a loss-making company. Lenders are going to want their money back. As Top Glove now has no profitable business, I can't see where it's going to get be able to borrow from to repay the billions. Sadly, defaults seem inevitable.
company. Lenders are going to want their money back. As Top Glove now has no profitable business, I can't see where it's going to get be able to borrow from to repay the billions. Sadly, defaults seem inevitable. _______________________________
India Snake Oil is Big Biz. T.Sri has been promoting thru Himalaya Snake Head for almost 3years. Now is the Time to change from Glove Biz into Organic Snake Oil. Sorry i donT know what is Organic snake Oil??
Yes, Speak up...true what you said. Wah, they really dumb use all the cash to buy back shares at high prices!! . Where was their common sense. Mgmt get drunk during good times.
Posted by ks55 > Mar 1, 2023 4:42 PM | Report Abuse X
Glove company make money, all shoot to the moon. Now glove company loss money, all go to the drain. Next year, glove company will be like face mask company, all going to sewage operated by Indah Water. Don't want to get stench by shit, throw away now.
Covid play is over. Face mask, glove, vaccine stocks all full of shit now. If you don't want to be flushed into Indah Water sewage treatment plant, throw away all these shit. They have had their days.......
Beware, are all the zillions of 'buy back' shares still on their books as an investment asset at cost (6.00?). Apparently, this deceptive accounting is practiced. If they still have not marked-to-market, you can't see the massive losses looking at their balance sheet. I think that's dishonest con job accounting and wonder I what their true NTA is. Likely it's very very negative.
Topglove sharebuy back at super high price is like a poor man winning a lottery jackpot and spending lavishly on girls, drinking, gambling, smoking, etc. if Top Glove didn't squander their jackpot, their cash pile will probably cushioned their price around rm2 or 3.
Warren buffet and mr cold eye said before u invest a stock must see clearly the management team or the leader attitude , for Top glove simply wasted money on buying toilet papet at super high price , i will say sorry this stock u must shy away , it will bring u to losses after pandemic eventhough u are long term holder !
"Treasury shares value is RM1.4B+ (ard 200m shares+ RM6+ average price)...." @CharlesT, company should have used this amount to pay off current and non-current liabilities like loans and borrowings, trade and other payables, deferred tax liabilities etc and the company would be totally debt free.
TG is a manufacturer, it has physical building and properties, not like investment company, only have few pieces paper, every manufacturer has a bottom price, when it reach it's bottom price, it's the time to rebound and shoot up.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
fortunefire
1,347 posts
Posted by fortunefire > 2023-02-24 17:19 | Report Abuse
queing for 60 cent