| Latest Forum Topics / Riverstone Last:0.565 -- |
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Riverstone go go go!
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Longtermer
Elite |
10-Dec-2021 21:35
Yells: "A disciplined investor is a wealthy investor" |
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Agreed. RS glossly oversold hence Weng needs to tell all investors with action. Cash so much lying in the company and they are still making so much every qtr due to their focus on cleanroom gloves. Good to scoop bit by bit and take in the huge dividend. Cheers.
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vix787
Member |
10-Dec-2021 21:14
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Anticipate will have a few more buying from the boss. Its all about timing to tackle negative sentiment.
If daily rise by even 1 pip, will put off shortist from shorting daily.
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JessTrang
Senior |
10-Dec-2021 21:09
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Great, at least it will lift up the spirit but will it translate to long term uptrend or short lived one, let' s guess...
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vix787
Member |
10-Dec-2021 21:03
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If u never short, chill lo. Of cos if u hv open short position, Boss buying could result in positive movenment on Monday.....burn lo.... 😂
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investor999
Elite |
10-Dec-2021 21:02
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Mr Wong also think 0.61 is the bottom.
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sutiono
Veteran |
10-Dec-2021 21:02
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Open market purchased by CEO , signified the share is grossly undervalued , believe many funds will take cue from his latest puirchase ! | ||||
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JessTrang
Senior |
10-Dec-2021 21:02
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Still need the gloves, mainly for corporate operations use.
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vix787
Member |
10-Dec-2021 21:00
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https://links.sgx.com/1.0.0/corporate-announcements/EJFJO45RETBQJ6NJ/e34fba786d4371d2c919fc03f9daf50811051689eca854cb11d0f6adea9ace29
Let me share the link since I am free now. 300k shares he bought with average price around 60.6c. That's the price in the morning before TG drag everyone down. |
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Sgvale
Supreme |
10-Dec-2021 21:00
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Can't fight dumping. Now so many test kits coming. Who need gloves? | ||||
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JessTrang
Senior |
10-Dec-2021 20:55
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He bought already? How many shares? Any links to show he bought? Im interested to see upcoming swing with his purchases.
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vix787
Member |
10-Dec-2021 20:52
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Look at his average pricing, he bought at morning when the price open higher rather than catching the low in the afternoon. My gratitude to Mr. Wong T his attitude.
As a shareholder I appreciate that. |
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vix787
Member |
10-Dec-2021 20:50
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Good try you all. At least Mr. Wong reply positively.
Many companies boss just don't bother with shareholders opinion. One of the sign to consider for longer term investment for me at least.
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JessTrang
Senior |
10-Dec-2021 20:38
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It' s because the price was pumped up so high to an extent every low is cheap and thus avg down. I would do the same if i continue to be stuck in pandemic era mindset. Ask yourself what' s next when next phase is endemic follow by normalcy. How many new customers are they going to get, how big is the company market shares? Would customers save costs and lower down their inventories? How many newcomers to compete with them? Without pandemic, the company also earning profit, hence that pre pandemic price was the gauge by market.. after this whole thing stabilise with a more powerful vaccines which may handle future variants, would theirs orders be reduced? Ask yourself these questions from RS and customers stance. The main question is what' s next after this pandemic(this will end eventually unless you don' t have faith in the medical field).
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tritonyeah6666
Senior |
10-Dec-2021 20:05
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Actually, 1 question to ask ourselves - fundamentally are the 2 businesses really in opposite camp? if gloves company out of.business, let's say to the extreme case all closed down, really the economy will recover better or faster? I think in actual fact it is not. Medical consumables will help accelerate the recovery. It is the speculative play/trade that create this opposite camp situation. To the extent that many that buy travel, Banos & REITs stocks so much so stuck with the idea that if medical don't go down their travel, bank & REITs cannot go up. Thus many talk down the stocks. Btw, I am vested in both camp
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msksmsks
Master |
10-Dec-2021 19:39
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Yes bro
Mr Wong finally make his move after keeping low profile after his last purchase. This symbolic move only meant one thing. My share is cheap. The BB wl be watching this. Also looking fwd to their result and generous dividend payout Cheers |
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Godwinlow
Elite |
10-Dec-2021 19:32
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shareholders are thankful for Mr Wong to buy back. Despite Top Glove posting very weak results, Rs is doing buy back and this shows both companies have different models and Mr Wong is leading by example to show confidence On behalf of minority shareholders we are thankful to Mr Wong&hellip &hellip |
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JessTrang
Senior |
10-Dec-2021 17:03
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Many people got stuck at high prices because they can' t get out of the word PANDEMIC even after 1 year the vaccines rolled out.. they chose to believe and think what they want but the high and powerful tier are at the opposing camp because they will place theirs money on those recovery sectors. those high and powerful ones are those believe in VACCINES. |
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TA_Expert
Supreme |
10-Dec-2021 16:48
Yells: "The World has changed" |
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Wait for 3 series if you are a long term investors. If you have spare cash, 4 series to $0.5 can nibble a little bit. The fairy tale of Riverstone is over. What a amazing change of event within a year. |
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Midtermer
Veteran |
10-Dec-2021 16:31
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0.63 next
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sgmystique
Member |
10-Dec-2021 16:26
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The sentiments on all glove manufacturers will be extremely downbeat after the disappointing results from Top Glove. It is quiet likely that Riverstone will also see new lows in the coming weeks. Just wondering what would be the indicators one can use to determine if the price has more or less bottomed out. Inputs from experienced investors are most welcome... |
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