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Oxtail Member	09-Dec-2021 21:39        Oxtail About Contact  Quote this Post!
x 0   x 0  Alert Admin	Simple formula  ((P/B at 31.12.19) * NAV of 2021 June per share) = 0.613 cents.  U can cross check the values from 2020 finacial statement feb and 2021 finacial statement june.  The price that I got 0.46 at 27/12/19 is from google riverstone share price    TA_Expert      ( Date: 09-Dec-2021 21:30) Posted: You mentioned about bonus issuance. So the current price is already at a premium before the pandemic. Oxtail      ( Date: 09-Dec-2021 21:23) Posted: Let me try to calculate before pandemic price.  Assuming exchange rate MYR/SGD is 3  Base on 2020 finacial statement on the last date 31/12/19, the NAV is 1.0652 riggit (0.355 SGD cents)  The price of riverstone on 27/12/19 is 0.46 cents.  The Price/Book (how does market value the share) is 1.296 Base on 2021 finacial statement on the last date 30/6/21, the NAV is 1.42 riggit (0.473 SGD cents)  The price before pandemic (P/B - 1.296) is 0.473 *1.296 = 0.613 cents Base on P/B, riverstone have reached to pre pandemic price.  Do remember that there is bonus issue on oct 2020(share dilution). Hence , you cannot use price to compare with price.  P/B is use to gauge how market demand riverstone share.  Apparently, at this moment, market is selling riverstone down.
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Oxtail Member	09-Dec-2021 21:35        Oxtail About Contact  Quote this Post!
x 0   x 0  Alert Admin	For 2020 finacial statement,  https://links.sgx.com/1.0.0/corporate-announcements/FOM9VPLLCSSP3CWG/597606_Riverstone_4Q_Annoucement.pdf Page 8 tells the NAV per share  For 2021 June finacial statement,  https://links.sgx.com/1.0.0/corporate-announcements/82QC215A9VGUTBA8/677582_Riverstone_Results%20Announcement%201HFY2021.pdf Page 16 tells the NAV per share All finacial statement have included their latest share holdings in their calculation.  Godwinlow      ( Date: 09-Dec-2021 21:30) Posted: Hi, the number of RS issued shares is  1,482,168,000. Why don' t u use this number to calculate  Oxtail      ( Date: 09-Dec-2021 21:23) Posted: Let me try to calculate before pandemic price.  Assuming exchange rate MYR/SGD is 3  Base on 2020 finacial statement on the last date 31/12/19, the NAV is 1.0652 riggit (0.355 SGD cents)  The price of riverstone on 27/12/19 is 0.46 cents.  The Price/Book (how does market value the share) is 1.296 Base on 2021 finacial statement on the last date 30/6/21, the NAV is 1.42 riggit (0.473 SGD cents)  The price before pandemic (P/B - 1.296) is 0.473 *1.296 = 0.613 cents Base on P/B, riverstone have reached to pre pandemic price.  Do remember that there is bonus issue on oct 2020(share dilution). Hence , you cannot use price to compare with price.  P/B is use to gauge how market demand riverstone share.  Apparently, at this moment, market is selling riverstone down.
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TA_Expert Supreme	09-Dec-2021 21:30        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	You mentioned about bonus issuance. So the current price is already at a premium before the pandemic. Oxtail      ( Date: 09-Dec-2021 21:23) Posted: Let me try to calculate before pandemic price.  Assuming exchange rate MYR/SGD is 3  Base on 2020 finacial statement on the last date 31/12/19, the NAV is 1.0652 riggit (0.355 SGD cents)  The price of riverstone on 27/12/19 is 0.46 cents.  The Price/Book (how does market value the share) is 1.296 Base on 2021 finacial statement on the last date 30/6/21, the NAV is 1.42 riggit (0.473 SGD cents)  The price before pandemic (P/B - 1.296) is 0.473 *1.296 = 0.613 cents Base on P/B, riverstone have reached to pre pandemic price.  Do remember that there is bonus issue on oct 2020(share dilution). Hence , you cannot use price to compare with price.  P/B is use to gauge how market demand riverstone share.  Apparently, at this moment, market is selling riverstone down.
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Godwinlow Elite	09-Dec-2021 21:30        Godwinlow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi, the number of RS issued shares is  1,482,168,000. Why don' t u use this number to calculate  Oxtail      ( Date: 09-Dec-2021 21:23) Posted: Let me try to calculate before pandemic price.  Assuming exchange rate MYR/SGD is 3  Base on 2020 finacial statement on the last date 31/12/19, the NAV is 1.0652 riggit (0.355 SGD cents)  The price of riverstone on 27/12/19 is 0.46 cents.  The Price/Book (how does market value the share) is 1.296 Base on 2021 finacial statement on the last date 30/6/21, the NAV is 1.42 riggit (0.473 SGD cents)  The price before pandemic (P/B - 1.296) is 0.473 *1.296 = 0.613 cents Base on P/B, riverstone have reached to pre pandemic price.  Do remember that there is bonus issue on oct 2020(share dilution). Hence , you cannot use price to compare with price.  P/B is use to gauge how market demand riverstone share.  Apparently, at this moment, market is selling riverstone down.
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Oxtail Member	09-Dec-2021 21:23        Oxtail About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let me try to calculate before pandemic price.  Assuming exchange rate MYR/SGD is 3  Base on 2020 finacial statement on the last date 31/12/19, the NAV is 1.0652 riggit (0.355 SGD cents)  The price of riverstone on 27/12/19 is 0.46 cents.  The Price/Book (how does market value the share) is 1.296 Base on 2021 finacial statement on the last date 30/6/21, the NAV is 1.42 riggit (0.473 SGD cents)  The price before pandemic (P/B - 1.296) is 0.473 *1.296 = 0.613 cents Base on P/B, riverstone have reached to pre pandemic price.  Do remember that there is bonus issue on oct 2020(share dilution). Hence , you cannot use price to compare with price.  P/B is use to gauge how market demand riverstone share.  Apparently, at this moment, market is selling riverstone down.
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Longtermer Elite	09-Dec-2021 21:20        Longtermer About Contact  Quote this Post! Style: Flexible   Yells: "A disciplined investor is a wealthy investor"
x 0   x 0  Alert Admin	The company provide Q3 results update and guided on their blended ASPs for healthcare and clean room gloves. Profits for 2021 will be about 35c per share and another 10c dividend ahould be otw. Now trading at 61c is really amazing. People just do not get it even when mgtm come out with similiar announcement. easywin      ( Date: 09-Dec-2021 15:13) Posted: CEO must learn from Geo Energy come out an announcement to inform us the shares price is very much undervalued now Richardlai      ( Date: 09-Dec-2021 10:05) Posted: This share is underperforming ....... it needs to educate the investors of its worth !
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nqing87 Supreme	09-Dec-2021 19:16        nqing87 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think it is abt nearly 50cents before pandemic TA_Expert      ( Date: 09-Dec-2021 18:45) Posted: Despite the current price, it is still up 100% from $0.30 before the pandemic. So major shareholders are still making money.
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TA_Expert Supreme	09-Dec-2021 18:45        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	Despite the current price, it is still up 100% from $0.30 before the pandemic. So major shareholders are still making money.
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easywin Supreme	09-Dec-2021 15:13        easywin About Contact  Quote this Post!
x 0   x 0  Alert Admin	CEO must learn from Geo Energy come out an announcement to inform us the shares price is very much undervalued now Richardlai      ( Date: 09-Dec-2021 10:05) Posted: This share is underperforming ....... it needs to educate the investors of its worth !
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oli007 Member	09-Dec-2021 12:05        oli007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Some people , its already endemic for covid, no future for gloves but looking around its still pandemic on the ground, we still have to practise SDM, wear masks, cannot travel freely. Hope the situation gets better real soon but the reality is it will take some time and medical grade gloves are not exaclty easy to produce per se
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Richardlai Master	09-Dec-2021 10:05        Richardlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	This share is underperforming ....... it needs to educate the investors of its worth !
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123Sang Senior	08-Dec-2021 13:09        123Sang About Contact  Quote this Post!
x 0   x 0  Alert Admin	it was holding at 0.68 - 0.695 before omicron shot up and than dragged down to this level by the other comrades.... beng1102      ( Date: 08-Dec-2021 12:56) Posted: Continue price trend diversion between TP and RS.  With RS going up and TP going down could give a clear indication that selling of RS is over and done with. 123Sang      ( Date: 08-Dec-2021 12:53) Posted: buy or trade cautiously....many still carrying " omicron" shares waiting to off-load....
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beng1102 Elite	08-Dec-2021 12:56        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Continue price trend diversion between TP and RS.  With RS going up and TP going down could give a clear indication that selling of RS is over and done with. 123Sang      ( Date: 08-Dec-2021 12:53) Posted: buy or trade cautiously....many still carrying " omicron" shares waiting to off-load....  beng1102      ( Date: 08-Dec-2021 12:47) Posted: I think with Omicron variant, replication and mutation will speed up.  That is the nature of the virus.  In theory virus wants to co-exist with the host would mutate and become mild.  However in reality as evidence from  Delta variant, it is all luck.  That mean mutation can create worse variance
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123Sang Senior	08-Dec-2021 12:53        123Sang About Contact  Quote this Post!
x 0   x 0  Alert Admin	buy or trade cautiously....many still carrying " omicron" shares waiting to off-load....  beng1102      ( Date: 08-Dec-2021 12:47) Posted: I think with Omicron variant, replication and mutation will speed up.  That is the nature of the virus.  In theory virus wants to co-exist with the host would mutate and become mild.  However in reality as evidence from  Delta variant, it is all luck.  That mean mutation can create worse variance. 123Sang      ( Date: 08-Dec-2021 12:17) Posted: Australia discovers a new strain of Covid.....
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beng1102 Elite	08-Dec-2021 12:47        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think with Omicron variant, replication and mutation will speed up.  That is the nature of the virus.  In theory virus wants to co-exist with the host would mutate and become mild.  However in reality as evidence from  Delta variant, it is all luck.  That mean mutation can create worse variance. 123Sang      ( Date: 08-Dec-2021 12:17) Posted: Australia discovers a new strain of Covid.....
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123Sang Senior	08-Dec-2021 12:17        123Sang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Australia discovers a new strain of Covid.....
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TA_Expert Supreme	08-Dec-2021 12:07        TA_Expert About Contact  Quote this Post!   Yells: "The World has changed"
x 0   x 0  Alert Admin	It is all about share price. The company can still make money but not extraordinary one. Look at price of ART kit. Almost all dropped 50% price as more manufacturers producing to depress the selling price. Consumers benefitted. RS' s products are not exclusive, barriers to entry are not extremely high. Branding is not top notch that all consumers will prefer to buy even at premium.
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tritonyeah6666 Senior	08-Dec-2021 09:49        tritonyeah6666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree. Like it or not the awareness & need for more medical consumables to safeguard everyone is inevitable. Looking back at SARS time - before SARS we didn't even have soap in public toilet. After SARS all public toilets are much cleaner & better. We don't see ppl go back to the old time, remove all the soap, etc. Similarly, the future use & stronger emphasis on medical consumables to prevent more pandemic is inevitable. Human will progress & improve Midtermer      ( Date: 07-Dec-2021 10:24) Posted: Endemic is good for this counter. Price was adjust to fair value when speculation dies down. Just for correction: no press release but the same statistics will still be available on MOH website. Cheers. TA_Expert      ( Date: 07-Dec-2021 10:06) Posted: MOH will stop publishing certain statistics daily. Endemic liao
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beng1102 Elite	08-Dec-2021 09:33        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	More virus mutation is for sure as Omicron spread faster and wider.  It is the nature of the virus to mutation. tritonyeah6666      ( Date: 08-Dec-2021 09:14) Posted: Don't quite like this Bourla but I think he has a point here --- "I don't think it's good news to have something that spreads fast," Bourla said while speaking at The Wall Street Journal's CEO Council Summit. "Spreads fast means it will be in billions of people and another mutation may come. You don't want that." --- https://thehill.com/policy/healthcare/584759-pfizer-ceo-says-omicron-appears-milder-but-could-lead-to-more-mutations?amp
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beng1102 Elite	08-Dec-2021 09:24        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	TG is down and RS is ok. This diversion if continue could mean EPF' s selling is down with RS and we can expect better time for RS. tritonyeah6666      ( Date: 08-Dec-2021 09:14) Posted: Don't quite like this Bourla but I think he has a point here --- "I don't think it's good news to have something that spreads fast," Bourla said while speaking at The Wall Street Journal's CEO Council Summit. "Spreads fast means it will be in billions of people and another mutation may come. You don't want that." --- https://thehill.com/policy/healthcare/584759-pfizer-ceo-says-omicron-appears-milder-but-could-lead-to-more-mutations?amp
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