Major shareholder disposal of share usually is not a positive sign but in share market no one except the relevant parties know what’s going on. We as an investor just wait a little while to see the clear picture.
you may worried about the transaction.. but investor looking at prospect and earning of the company. with the failure of the vaccine.. PPE (glove) will be the savor for current situation.. and most of the product are export to overseas like europe and us..also additional production for nitrile disposal glove.. this coming qr result gonna be the best ever. stay tuned
Investor wants to buy rubberex shares, they want to get in cheaper price before move the share price, they need huge volume before moving the price, only director can sell them the volume, however director want to get better price too, so selling through open market will be fair to both side, you see before closing the price is moving up, buying side keep pressing the price until the last 15mins of end session, then all buy calls until the end to get cheaper price ...does this translate to recent transaction pattern?
Ruberex is very interesting now. Expansion of capacity to 10b pieces nitril glove by end of 2022. These few days trading share volume is very high.Currently major shareholder is selling. Will there be a new major shareholder coming into the picture. If that happen will there be a fight of control of the company. If a fight happen you guess what the price of ruberex will be.
All kinds of people in this world, with current situation they will dafenately create all kinds of story to create panic and able to swap at low price.. if you are selling now you are just fall into thier trap.
Like it or not Rubberex was one of the reputable glove company and good set up at Europe, Spain.. and current share price was one of the lowest compare with other reputable glove company. First tp will be RM2, especially others already above that price..
Basically will take another 2 years and above to have stabilize or mature vaccine.. proven by recent news about yearly jab for covid 19 vaccine.. all this prove everything.. like it or not, that's the fact..
@ Robertzz...agreed. Rubberex is the only Glove Stock has yet to move....therefore higher chance to see good share price movement in near future ....And yes...Germany has locked down till June
23-Apr-2021 Insider DATO' ONG CHOO MENG (a substantial shareholder) disposed 58,636,100 shares on 22-Apr-2021. 23-Apr-2021 Insider DATO' ONG CHOO MENG (a substantial shareholder) disposed 26,044,300 shares on 21-Apr-2021. 23-Apr-2021 Insider DATO' ONG CHOO MENG (a substantial shareholder) disposed 22,319,600 shares on 20-Apr-2021. 23-Apr-2021 Insider HEXTAR RUBBER SDN BHD (FORMERLY KNOWN AS ERPSTAR INC. SDN BHD) (a substantial shareholder) disposed 58,636,100 shares on 22-Apr-2021. 23-Apr-2021 Insider HEXTAR RUBBER SDN BHD (FORMERLY KNOWN AS ERPSTAR INC. SDN BHD) (a substantial shareholder) disposed 26,044,300 shares on 21-Apr-2021. 23-Apr-2021 Insider HEXTAR RUBBER SDN BHD (FORMERLY KNOWN AS ERPSTAR INC. SDN BHD) (a substantial shareholder) disposed 22,319,600 shares on 20-Apr-2021. 23-Apr-2021 Insider DATO' ONG CHOO MENG (a company director) disposed 58,636,100 shares at 1.445 on 22-Apr-2021. 23-Apr-2021 Insider DATO' ONG CHOO MENG (a company director) disposed 26,044,300 shares at 1.419 on 21-Apr-2021. 23-Apr-2021 Insider DATO' ONG CHOO MENG (a company director) disposed 22,319,600 shares at 1.409 on 20-Apr-2021.
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....
Penthouse
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Posted by Penthouse > 2021-04-24 15:50 | Report Abuse
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Good news..
Now I know why Dato Ong sold his shares !