IPO: IPO stocks can die one!

Boon3 — Sat, 12 Feb 2022 11:46:22 +0800

Come on in and complain.............

Top Glove Share Buybacks

Boon3 — Sat, 28 Nov 2020 09:06:31 +0800

This exercise is to test out the theory of the risk on the buybacks...

** note: Share buyback is noble and by itself, does benefit shareholders. Googleable. Pls do search and read **

Yes, what if the buybacks is done wrongly? Or even abused?

QUOTE

The risk:

1. The share could still fall below the share buyback prices.

2. This is related to what you had posted. When a company buybacks a lot of shares, it depletes the cash at hand, which means whatever excess working money a company has is depleted just because the boss embarks on an aggressive buyback

See we understand and know that TopGlove has bought a shit load of shares. Day in day out buyback, continuously for so many days already...
So it would be good that we tabulate out the number of shares they bought and the monetary value of the shares it bought....

Share buyback is nothing but buying shares. Examining Top Glove style of buying shares, if it good, we could learn from it, yes?
We could also see the buybacks from the theory of Dollar Average Cost buying? Does such buying really work?

But if the way of TopGlove buyback is bad, hey don't you think it is hell of a great idea to learn from TopGlove mistake? Yup, learning from our mistake is always the best but learning from other people's mistake(s) is heck a lot better. (some famous bugger did say this, yes?)

Notes:

1. Table track buybacks since 9th Sep.
2. TopGlove did have existing Treasury shares, which was then credited with bonus shares arising from the recent bonus issue. Hence, the total shares purchased WILL be different than the total of Treasury shares.
3. I am human. I could make mistake. Do verify the numbers and yes, if could, do inform me and I will correct.

Total number shares bought during this period.... 158,036,900
Sum paid for these shares = RM1,147,288,926.33

Average price for these shares is ... 7.259627

Closing price of Top Glove on 27 Nov = 6.99

Marked to market, the total market value of these shares bought back is 1,1204,677,931.00

Current marked to market prices losses is 42,610,988.33

extended profit/loss calculations based on various assumed prices... see post #22

*** table will be updated once a week ***
*** link to the updated post will be edited into this posting ***

Link to updated table for week ending 4 Dec 2020 - post #32
Link to updated table for week ending 4 Dec 2020 - post #87

BWC

Boon3 — Mon, 06 Mar 2017 10:49:41 +0800

Fundamental talks about companies is welcomed but if you wanna talk investing, please use the other thread.

TQVM

Before you begin trading, I advice you to paper trade until you are totally comfortable with your setups.

Charts posted in this thread is for general chit-chat only.

DO NOT SIMPLY FOLLOW!!!

Traders Kopitiam! V6

Boon3 — Tue, 04 Nov 2014 08:11:35 +0800

No one open new thread mehhhhhh????

Past versions...

V5 Link

V4 Link

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V1 Link

As usual, please don't waste space by checking in.

Bursa Traders V5

Boon3 — Tue, 29 Apr 2014 09:12:29 +0800

Better open new one before ......

V4 Link

V3 Link

V2 Link

V1 Link

This not hotel so no need check in la...
hehe... don't waste space.

Bursa Traders V3

Boon3 — Thu, 20 Feb 2014 08:35:00 +0800

New kedai .....

V2 Link

V1 Link

Welcome! No need check in one - so please don't!
This is not Hotel Malaya.

Come come and talk wind.

Concerts In BluRay

Boon3 — Mon, 25 Jan 2010 08:56:15 +0800

Can share/recommend/review all your favourite concerts in blu-ray here?