its okay brian. i am happy to get iced coffee and i am confident that i won’t lose here. i made my decision to invest here. and so far nothing really disappoints me. from management of cost, debt level management, modest expansion according to demand, cash level management. valuation wise also cheap. anyway i thank you for continous warnings. i agree this is for long term investor and not for who looking to gain short term. sentiment is really bad. but for investor i think good collection period cheers
ya brian. i will collect. and i can’t say. i may be stuck 20 years. i maybe stuck 2 years. i maybe stuck 2 months. what i am sure if nothing changes, management is as efficient as it is right now, i am on the right track to make money. i agree. it is even ripe for MnA excercise. which you never know also looking at such clean balance sheet.
look at klk... big company also heavily invest in glove line.. think you are smarter than them to make such move?
Must be kidding me.. the one who only know how to make some negative comment without facts or evidents and try to collect at low price? You yourself know.. Cheap trick..
I am working very hard (even saturday and sunday), to earn more money for me to acquire more Rubberex.
My target EPS for FY21 is 40sen.
Now Q1 already 10.50sen. Most likely Q2 have 12.00sen Then Q3 have 10.50sen and Q4 have 9.50sen. Total around 42.50sen (anything above 40sen is consider very good d)
True, usually 2nd time is charm. If smart wait until reversal from 2nd time, it will be fast and furious as well especially this Ruber operator. 3rd time however is doom.
Rubberex had staged a strong rebound from a low of RM 0.995 on 31/3/21 to a high of RM 1.56 on 19/4/21, before collapsing down to yesterday's close of RM 1.06.
The selling pressure appeared almost non-stop to force this price collapse. However, this does not seem to tally with my findings from the Bursa websites:
Resale of treasury shares: RM 1.51 to 1.56(19/4/21) Shares sales by Dato Ong Choo Meng: RM 1.4092 to 1.4448(20/4/21 to 22/4/21) RSS volume: 480,000 shares(4/6/21)
What has happened then?
My reasonable guess is the Rubberex operator has capitalised on the current weak sentiments of the glove sector to press the prices down. But, as time went by and prices pushed lower, the operator has encountered some resistence too. This is clearly reflected on the much lower trading vols and the price gaps. Eg for the last 2 trading days, less than 9m shares were traded with a 3-sen drop only.
If trading vol is any helpful indication, it does suggest prices are bottoming out and another "oversold" rebound is within sight(if further helped by a positive catalyst). This is especially so, when the share price is retesting its March low.
Not a buy or sell recommendation though. Do your own homework. -------------------------------------------------------------------------------- Sneakpeek I'm so free right now i give glover simple analysis haha..
10 days ago
1st tier TG 5.48 now 4.90 down 10% Kossan 4.40 now 3.76 down 14.5% Harta 10.06 now 8.57 down 14.8% Supermax 5.10 now 3.92 down 23%
2nd tier Rubberex 1.32 now 1.06 down 19.7% Comfort 2.50 now 1.99 down 20% HLT 1.19 now 0.90 down 24% Care+ 2.87 now 1.84 down 35% 04/06/2021 6:25 PM
BuffetOnWeed : brain3381 only smart enough to become keyboard warrior. Not smart enough to be fund manager ----------------------------------------- aiya, he likes to sailang, show hand & watch tiger show in genting, how to be a fund manager, haha.
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....
Lukesharewalker
6,492 posts
Posted by Lukesharewalker > 2021-06-04 16:32 | Report Abuse
Operator creating the panic....that's where the supply is coming ftom