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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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moron101
Supreme |
23-Sep-2021 16:09
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Buy more on dips. Gloves industry going to recover strongly 💪 💪 💪 RS is undervalued & looks cheap now. 👍 👍 | ||||
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wavehunter
Supreme |
23-Sep-2021 16:08
Yells: "Trade what you see, not what you hope to see." |
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 Riverstone is a one-off hype play becoz the pandemic gave the monkey a window of story-spinning opportunity to do a PUMP & DUMP. If not for the appearance of COVID-19, Riverstone would have remained as an illiquid penny stock, unknown, unheard and unseen and this thread wouldnt exist. |
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ringo88
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23-Sep-2021 15:54
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It's the other way round | ||||
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yumsang
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23-Sep-2021 15:48
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so the purpose to start a company and get it listed, like RS, is for monky to do a once off hype play... got it ! | ||||
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wavehunter
Supreme |
23-Sep-2021 14:57
Yells: "Trade what you see, not what you hope to see." |
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I wasnt here when the monkey was in the driver' s seat. I wasnt even looking at this stock as I usually trade only index stocks. When I started posting here in Nov/Dec 2020, the monkey already did his PUMP & DUMP and left. I shared what I know about monkey business to let those who have ears and want to listen to read my take and thereafter decide for themselves whether to cut at best into a bounce and move on OR to stay and fight on. Those who did cut into a bounce back then... that would be anywhere from 1.30 to 1.59... would today be glad they did so. And those who are quietly reading this forum and who remember me and what I said back then, today, they would wish they had followed by suggestion to cut into a bounce and salvage what' s left of their capital which would be much higher back then than today. Likewise, those who are reading my views now for the very first time.... again you are hearing me say cut into a bounce. The rest is up to you. If this stock continues to sink, at some point in the future when you look back to this day, you will be saying to yourself you should have taken my advice to cut at best into bounce. I am not here to talk-down the stock. My purpose is to be of assistance to those who are clueless what to do and need advice. I have stated my views. The rest is up to you. In any case, I sincerely wish all of you all the best. And if I am wrong and RS cheong to the Moon, I will be very happy for all of you. All the best, guys.
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yumsang
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23-Sep-2021 14:52
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there is something call see picture write composition | ||||
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beng1102
Elite |
23-Sep-2021 14:45
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Last time when u saw the monkey and u did not tell the whole world. How can people believe in what u say now?
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wavehunter
Supreme |
23-Sep-2021 14:41
Yells: "Trade what you see, not what you hope to see." |
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Bro beng, I wont see a monkey run road anymore. Not in this stock. Becoz that damn freaking monkey ain' t coming back. There are other good STI-component stocks where the monkey comes in to take the driver' s seat. When he is done, he leaves. That is when the stock, without a driver, goes into Auto Pilot mode where retail bulls and bears try to outwit each other. And then when the time is ripe, the monkey will come back to play again. And then leave when he is done. And retail bulls and bears fight it out again. And this pattern is repeated. But not for RS. This type of hype play is usually one-off.
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wavehunter
Supreme |
23-Sep-2021 14:34
Yells: "Trade what you see, not what you hope to see." |
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The broader market is rebounding. But what is RS doing? Sinking. Trade what you see. Not what you hope to see. What you hope to see is the stock price rising and rising. But what you are in fact seeing is the stock price retreating. Dont add more to average down such a stock. You will be adding more losses for yourself. |
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beng1102
Elite |
23-Sep-2021 14:30
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Next time when u see monkey ran away, u must quick alert all here in this forrum. U better keep close eye on the monkey and give us a shout even if u see a shadow.
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mchua71
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23-Sep-2021 14:28
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Very True. When momentum builds in favour of Shortist. They are not going to stop here but go all the way to Maximise their profit. Sadly Retail Players will suffer especially those who tries to average out during the plunge. Nothing much can be done. Even now market rally, RS is still going down. At the mercy of Shortist.
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wavehunter
Supreme |
23-Sep-2021 14:21
Yells: "Trade what you see, not what you hope to see." |
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All the retail players here put together, if you all buy, at most is you will produce a blip on your screen. That' s all. It is like a pail of water compared to an ocean. Bo Chye Kang one. Your buying will do nothing to the stock price. Too many people have given up on this stock. Those who are in, want to get out. And those who are watching from outside, dont want to go in. Lidat hor....how to recover ? If only retail players do the buying, Bo Yong one. For the price to rise, you need Tua Phows to buy. Tua Phow means funds, institutions and high net worth investors. Or alternatively, you need a monkey to come back and take the driver' s seat. Neither is happening. That' s why there is no support for the price. Day Low so far is 88 cts. So I guess we will see 80 cts by end of next week.
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beng1102
Elite |
23-Sep-2021 14:15
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1.62 million shares queued to sell at $0.9. U know this is just telling people don' t come and buy. Reverse logic means this is the time to buy as seller is afraid of people start buying up.
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beng1102
Elite |
23-Sep-2021 13:51
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Sell queue @.90 is 1.63million shares. It looks like whoever is selling is afraid of people start buying up. So I think it is time to buy up.
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Luzern
Supreme |
23-Sep-2021 13:12
Yells: "9" |
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My bearish stand on this and other gloves counter started subtly in 03/sep/2020 when RS is $4.0+ before split......then with another significant data in nov/dec 2020 of the projected capacities increases by the various glove companies......I come and kaypo again price was at 1.2/1.3 then.........recently i kaypo again on TG bad result, the price was 1.0+..............and now its 0.8+...........
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msksmsks
Supreme |
23-Sep-2021 12:34
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Thank you very much for views: This forum is meant to be shared with useful info so better decision can be make. But don be too extremist until pple also can' t stand it. Those modus operandi mechanism that mentioned i' m aware and that wl pbbly be true when the stock losses its shine after much speculation. But Real Gold not scared of Fire......as i' m in this industry before for fairly long time I' m opined RS is still a growth stock and with potentials ahead despite all those headwinds ......be it declining ASP, dwindling demand, windfall taxes etc......this is my opinions and i maybe wrong... Only time wl tell whose wrong or right ....... Anyway, tks lot for moderating. cheers
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tritonyeah6666
Senior |
23-Sep-2021 11:54
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The 2 gentlemen made their points clear which I gathered - 1) sell whenever there is slight rebound, 2) if one jump you don't be the last to jump. Not wrong but to balance the view - DO NOT forget that will also supress the price &nchase away interest in the stock, making the stock can never really rebound :). .. not a call for any buy/sell just wanted to balance the view
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ksangks
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23-Sep-2021 11:35
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All Rights Reserved Type your search query and hit enter: Type Here HOMEPAGENEWS News Glovemakers unlikely to pay windfall tax as ASPs fall Glovemakers unlikely to pay windfall tax as ASPs fall Instead, the manufacturers will be using the revenue to upgrade their ESG standards in the coming years, MARGMA president says by ANIS HAZIM & AZALEA AZUAR / Pic by TMR FILE PIX MALAYSIAN glovemakers don?t expect to pay a windfall tax as the industry is reinvesting in new capacity, as the average selling prices (ASPs) of gloves are on a downtrend and likely to erase the exceptional gains the industry has been able to pasted in the past twelve months or more. Malaysian Rubber Gloves Manufacturers Association (MARGMA) president Dr Supramaniam Shanmugam said the industry has emphasised to the government that their revenue during the Covid-19 period will be used for several purposes. ?We are committed in expansion to remain as a world leader which will create more job opportunities as well as increase our export revenue for the country,? Supramaniam said in a text message to The Malaysian Reserve (TMR). He added that local glovemakers are planning to upgrade their environmental, social and governance (ESG) standards in the coming years. Notably, the ESG will be a strong selling point for Malaysian glovemakers. He added that the lower ASPs in-duty wide is expected to narrow the glovemakers profit margins for this year compared to the steep jump in profit last year. The industry is estimated to have paid some RM2.6 billion in corporate tax last year plus a RM400 million one-off contribution in Budget 2021 from the ?big four? producers ? Hartalega Holdings Bhd, Top Glove Corp Bhd, Supermax Corp Bhd and Kossan Rubber Industries Bhd ? to help fight Covid-19 pandemic. The ?contribution? came as talk of windfall tax was mooted about with various parties. Analysts also believe the industry will not be hit with a windfall as ASPs trend lower and based on the fact the industry was spared the windfall tax so far. ?It is unlikely for the glovemakers to be taxed as it is quite contradictory after the government had decided not to tax them a few months ago,? an analyst with a local brokerage told TMR. In July 2021, the previous Perikatan Nasional government decided not to impose a windfall tax on big companies including glovemakers. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has recently stated that a sudden windfall tax could give investors a negative impression that the government is taking advantage of the multi-fold profits generated by the global health crisis. Hong Leong Investment Bank (HLIB) believes any additional taxes could hurt the local glove industry due to falling ASPs and amid intense competition coming from producers from China. ?Higher taxes will undeniably reduce the glove players? competitiveness in the global arena, especially when the Chinese medical gear producers are entitled to generous government subsidies. ?Taking all these into perspective, it would not make fair economic sense to impose windfall taxes on the local glove players, bearing in mind the government is already taking a larger pie from the former?s supernormal profits via the standard corporate tax rate,? HLIB said. Shares of rubber glove companies continue to remain in a ?bear? grip as their values continue to retrace to the pre-Covid period. Top Glove shares fell 14 sen yesterday to close at RM2.67 while Hartalega fell 22 sen to RM5.88. ?Top Glove immediate support level is at RM2.50 and if that gives way the stock can go to RM2.20 ? the point of breakout the stock price did before it went on the big rally last year. Chart wise the glove stocks are back to square one,? a chartist with a local brokerage warned. He said Hartalega?s share price has also run its full circle and the next price support level was at RM5.50-RM5.60 level, which was a triple bottom formation before the breakout to the top side last year. Top Glove hit a high of RM9.77 (prices post-bonus issue) in August last year while Hartalega?s year high was RM21.16. Malacca Securities Sdn Bhd head of research Loui Low said despite the sharp price correction, the two big glovemakers might be able to remain in the benchmark index due to their strong business models and investor interest. Top Glove was at one point 40 sen short of being the most valuable company in the country but is now ranked 19th place while Hartalega is in the 25th spot. Low thinks Dialog Group Bhd might lose its spot in the index in future reviews. better 23-Sep-2021 11:32 Bought a tiny parcel (250k) at 8.2 cents. Seller is CLSA. TigerPlay ( Date: 23-Sep-2021 11:08) Posted: But why would pp sell to him at 5cts when TH oredy offer 8cts?? puzzled me leh...unless too much money lor chart_expert123 23-Sep-2021 11:29 Let's see the show. Temasek only offer in paper till end of Oct only. Doesn't mean they will support market price. Linnaeus ( Date: 23-Sep-2021 11:20) Posted: mean temasek comfrim won' t dropped below 0.08, am I right, hehe chart_expert123 ( Date: 23-Sep-2021 11:17) Posted: They offer you with letter mah between 6 to 13 Oct. Just like they subscribed excess rights at 8 cents. 28 later, offer closed. They can let market players to play down the price, and receive your acceptance through written confirmation. Linnaeus 23-Sep-2021 11:20 mean temasek comfrim won' t dropped below 0.08, am I right, hehe chart_expert123 ( Date: 23-Sep-2021 11:17) Posted: They offer you with letter mah between 6 to 13 Oct. Just like they subscribed excess rights at 8 cents. 28 later, offer closed. They can let market players to play down the price, and receive your acceptance through written confirmation. TigerPlay ( Date: 23-Sep-2021 11:08) Posted: But why would pp sell to him at 5cts when TH oredy offer 8cts?? puzzled me leh...unless too much money lor andysim83 23-Sep-2021 11:18 82 mil sell liao haha Chagatai ( Date: 23-Sep-2021 11:07) Posted: Accumulation or short selling 92 mill bid 😳 ?? Zeclim1983 ( Date: 23-Sep-2021 11:05) Posted: MM/BB probably already absorbed an ocean of water. Don be misled by Dry ground (paltry buy volume q)?. tsunami coming and the ocean pour out in waves?.. 🌊 🌊 🌊 chart_expert123 23-Sep-2021 11:17 They offer you with letter mah between 6 to 13 Oct. Just like they subscribed excess rights at 8 cents. 28 later, offer closed. They can let market players to play down the price, and receive your acceptance through written confirmation. TigerPlay ( Date: 23-Sep-2021 11:08) Posted: But why would pp sell to him at 5cts when TH oredy offer 8cts?? puzzled me leh...unless too much money lor FlyingCat 23-Sep-2021 11:11 this stock certainly reminds me of csm.. 99% drop combo... maybe worst?? rights issue twice suck more money from u.... majiang marvel vs capcom infinitiy combo.... TigerPlay 23-Sep-2021 11:08 But why would pp sell to him at 5cts when TH oredy offer 8cts?? puzzled me leh...unless too much money lor Starship 23-Sep-2021 11:08 ahbui8 ( Date: 23-Sep-2021 10:50) Posted: LOL you are like the conman at comfortdelgro forum. chart_expert123 ( Date: 23-Sep-2021 10:31) Posted: Wipe out weakholders!!! i will join you if can see 5cents 6 months later. All the best, Bros... we should be supertitious. OK LIM built his banglow like a oil tank sinking in swimming pool, He sink. Semb Marine sound like Sink Marine, sinking soon. Changing name to Keppel O& M is the only surviving way!!! No change name, No Buy!!! Chagatai 23-Sep-2021 11:07 Accumulation or short selling 92 mill bid 😳 ?? Zeclim1983 ( Date: 23-Sep-2021 11:05) Posted: MM/BB probably already absorbed an ocean of water. Don be misled by Dry ground (paltry buy volume q)?. tsunami coming and the ocean pour out in waves?.. 🌊 🌊 🌊 WiseInvestor ( Date: 23-Sep-2021 10:54) Posted: Right, those who bought many rights at 1 cents still sell at 8.2c for profit. This will be the last absorption, after which, SCM can fly higher! Otherwise, it will beat me that traders who sold at 8.1 cents or less for loss could be STUPID. It is not necessary for all rights-subscribing investors to sell for loss to TH at 8 cents. Just my view. I will check short positions of SCM later this evening based on last Friday' s closing TigerPlay 23-Sep-2021 11:06 Arh, I see laiow. So,he is queqing to buy, is it? That why keep shouting for 5cts, now I see laiow, tks pkli899 ( Date: 23-Sep-2021 10:52) Posted: Aiyo, he where got panic.....he is the one keep shouting 5 c. Made others panic.....sell, sell, sell........5 c comes he buy la. TigerPlay ( Date: 23-Sep-2021 10:41) Posted: mai panic, ai chye, this is just transition phase. ah kong oredy make it clear support at 8cts, so the base is there at 8cts... in order to transit to 10cts, must go thru this phase one, dun kenna frighten by pp ho Zeclim1983 23-Sep-2021 11:05 MM/BB probably already absorbed an ocean of water. Don be misled by Dry ground (paltry buy volume q)?. tsunami coming and the ocean pour out in waves?.. 🌊 🌊 🌊 WiseInvestor ( Date: 23-Sep-2021 10:54) Posted: Right, those who bought many rights at 1 cents still sell at 8.2c for profit. This will be the last absorption, after which, SCM can fly higher! Otherwise, it will beat me that traders who sold at 8.1 cents or less for loss could be STUPID. It is not necessary for all rights-subscribing investors to sell for loss to TH at 8 cents. Just my view. I will check short positions of SCM later this evening based on last Friday' s closing. Zeclim1983 ( Date: 23-Sep-2021 10:42) Posted: No big volume is too big. We are still in Episode 2, aka absorption mode. pkli899 23-Sep-2021 11:05 yesdevil......LOL. Right man. beng1102 ( Date: 23-Sep-2021 11:04) Posted: below 8c just buy up every share and sell it to TH. Oxtail ( Date: 23-Sep-2021 10:58) Posted: Can' t wait for it to quickly break 0.081. laugh Anything that go down to the lowest point, will go up. Think about it... it is not a bad thing if price fall below 0.08, it will trigger a mad grab on sembcop marne shares. Anyone wants to sacrifice ? vicloo 23-Sep-2021 11:04 Wait, they got rights at 0.001c they also got excess shares if they applied (FOC), THOSE excess ones sell at 8.1c still make some $ 😉 WiseInvestor ( Date: 23-Sep-2021 10:54) Posted: Right, those who bought many rights at 1 cents still sell at 8.2c for profit. This will be the last absorption, after which, SCM can fly higher! Otherwise, it will beat me that traders who sold at 8.1 cents or less for loss could be STUPID. It is not necessary for all rights-subscribing investors to sell for loss to TH at 8 cents. Just my view. I will check short positions of SCM later this evening based on last Friday' s closing. Zeclim1983 ( Date: 23-Sep-2021 10:42) Posted: No big volume is too big. We are still in Episode 2, aka absorption mode. beng1102 23-Sep-2021 11:04 below 8c just buy up every share and sell it to TH. Oxtail ( Date: 23-Sep-2021 10:58) Posted: Can' t wait for it to quickly break 0.081. laugh Anything that go down to the lowest point, will go up. Think about it... it is not a bad thing if price fall below 0.08, it will trigger a mad grab on sembcop marne shares. Anyone wants to sacrifice ? Oxtail 23-Sep-2021 10:58 Can' t wait for it to quickly break 0.081. laugh Anything that go down to the lowest point, will go up. Think about it... it is not a bad thing if price fall below 0.08, it will trigger a mad grab on sembcop marne shares. Anyone wants to sacrifice ? WiseInvestor 23-Sep-2021 10:54 Right, those who bought many rights at 1 cents still sell at 8.2c for profit. This will be the last absorption, after which, SCM can fly higher! Otherwise, it will beat me that traders who sold at 8.1 cents or less for loss could be STUPID. It is not necessary for all rights-subscribing investors to sell for loss to TH at 8 cents. Just my view. I will check short positions of SCM later this evening based on last Friday' s closing. Zeclim1983 ( Date: 23-Sep-2021 10:42) Posted: No big volume is too big. We are still in Episode 2, aka absorption mode. Yatsa13 ( Date: 23-Sep-2021 09:44) Posted: Zeclim, your script is good. I think there is probably 1 or 2 episode missing which is " the transition" . Kind of tricky which nobody wants to talk about it. vicloo 23-Sep-2021 10:52 Support line at 0.081 chart_expert123 ( Date: 23-Sep-2021 10:26) Posted: Tuesday rally 8.4 to 8.7 buyers gonna T+3, all coming to sell to break 8.1-8.2 Once 8.1 broken, 18bil shares all rush in to cut loss. Cut Cut Cut till 5cents!!!! Who say nobody will sell below 8cents? Unless, your money is like Temasek money taking from CPF holders. chart_expert123 ( Date: 23-Sep-2021 10:21) Posted: Gone!!!!! 5cents is coming!!!! pkli899 23-Sep-2021 10:52 Aiyo, he where got panic.....he is the one keep shouting 5 c. Made others panic.....sell, sell, sell........5 c comes he buy la. TigerPlay ( Date: 23-Sep-2021 10:41) Posted: mai panic, ai chye, this is just transition phase. ah kong oredy make it clear support at 8cts, so the base is there at 8cts... in order to transit to 10cts, must go thru this phase one, dun kenna frighten by pp hor chart_expert123 ( Date: 23-Sep-2021 10:21) Posted: Gone!!!!! 5cents is coming!!!! ahbui8 23-Sep-2021 10:50 LOL you are like the conman at comfortdelgro forum. chart_expert123 ( Date: 23-Sep-2021 10:31) Posted: Wipe out weakholders!!! i will join you if can see 5cents 6 months later. All the best, Bros... we should be supertitious. OK LIM built his banglow like a oil tank sinking in swimming pool, He sink. Semb Marine sound like Sink Marine, sinking soon. Changing name to Keppel O& M is the only surviving way!!! No change name, No Buy!!! chart_expert123 ( Date: 23-Sep-2021 10:26) Posted: Tuesday rally 8.4 to 8.7 buyers gonna T+3, all coming to sell to break 8.1-8.2 Once 8.1 broken, 18bil shares all rush in to cut loss. Cut Cut Cut till 5cents!!!! Who say nobody will sell below 8cents? Unless, your money is like Temasek money taking from CPF holders. Important: Please read our Terms and Conditions and Privacy Policy . |
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msksmsks
Supreme |
23-Sep-2021 11:31
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you two musketters really nothing to do except keep talking down. what' s the point. U hv made yr points clear and also bombarded with graphics etc.....i think that' s enough If u hv no vested interest , why bother to write so much......exasperation ?? Let nature take its course and revist whether yr TP been reached after few wks/months later to vindicate yr points. Cheers |
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Luzern
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23-Sep-2021 11:20
Yells: "9" |
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Govt mulls capital gains tax on shares, one-off higher tax rate for businesses with windfall profitshttps://www.theedgemarkets.com/article/govt-mulls-capital-gains-tax-share-trading-oneoff-higher-tax-rate-businesses-windfall |
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