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Riverstone
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RIVERSTONE HOLDINGS LIMITED
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ss2017.
Supreme |
28-Apr-2021 10:41
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Buying at this price roughly give you 4.5% dividend.
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ss2017.
Supreme |
28-Apr-2021 10:40
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Whether you like it! reversal begins. | ||||
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lhc1964
Senior |
28-Apr-2021 10:38
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Exactly ! 
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Twiggy
Member |
28-Apr-2021 10:31
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What u have stated is a no-brainer. Obviously after XD will drop 6.5cts which bring current level to about $1.4
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TradeExpert
Veteran |
28-Apr-2021 09:49
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Let' s see... It will fall below $1.4 by this coming Monday unless the funds remain their funds in this counter or buy up
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boringguy
Member |
28-Apr-2021 01:04
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Yup.. 29 April 2021 will be the last day for who want the dividend because Ex date on 30 april 2021 on 30 April 2021 will see some drop because 30 April will be selling day for those just enter enjoy the dividend only...  
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Traveler
Member |
27-Apr-2021 23:26
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Yes, a  comfortable closing at $1.49 today in line with healthy pullback among glove counters in Bursa. IMO, RS should still have some room to trend up especially after the positive AGM sharing and the oustanding short covering. DYODD.  Will be interesting to do a rough estimation of the coming 1Q2021 results with higher ASP and increased capacity.  For 4Q2020, the net profit was RM331 millon. For purpose of illustration, if 25% increase, net profit for 1Q2021 ==> RM413 million ......in just one quarter !!
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happy2020
Senior |
27-Apr-2021 22:59
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In the recent months, this is the first time there' s been continuous high volume trading on this counter and also the price has been hovering around 1.51 to 1.50  which is a good sign as keen buying can be seen..   Date            Total Volume traded 22 Apr 21        4.8 million shares 23 Apr 21        6.2 million shares 26 Apr 21        5.4 million shares 27 Apr 21        4.1 million shares Today slight drop could be due to the aftermath of  contra players from last friday buying..  But tomorow will see more buying and more contra players joining in.. Who dont want 6.5 cents profit in just 2 days..  As for shortist either they do their cover by tomoro or maybe wait and do their shorts on ex date when price is around 1.60, this could help them cover their 6.5 cent dividend as well..  For me I will be keeping for long term, though the price could drop a fair bit amount after ex date, just keep for 2nd quarter results and be rewarded.. Just my thoughts..    |
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TradeExpert
Veteran |
27-Apr-2021 16:56
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Funds and short sellers likely to cover positions to buy in back at $1.1x.  DYODD.   
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TradeExpert
Veteran |
27-Apr-2021 16:54
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Last Tranche play or rather Sunset Play. Be wary of dead cat bounce and funds taking opportunities to exit at $1.5x.  |
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zandlery
Supreme |
27-Apr-2021 14:30
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Looks like some recovery on medical stocks. Could very well close neutral or even positive. | ||||
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n3wbie
Elite |
27-Apr-2021 13:36
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Agreed but one thing to note is also the fund flows towards and away from the sector in general. Unfortunately, the sector is one subjected to herd / crowded trades which explain the strong rally. The reallocation of resources and production to focus on more cleanroom gloves will need to come across strongly in the form of higher ROIC/ROE to be a strong substantiating proof point. I share your exact same sentiments but end of the day, the numbers speak loudest so let' s all look forward to their 1Q operational updates which should presumably be coming up quite soon.
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cucina
Master |
27-Apr-2021 13:33
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Rem Riverstone reported previously clean room gloves pre pandemic gross margin is 30%.   At that time healthcare gloves 10-15% if I recall correctly. | ||||
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zandlery
Supreme |
27-Apr-2021 13:27
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Good to have u guys around. Personally don't really like math.... 😂
I tend to look on general basis.....
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lhc1964
Senior |
27-Apr-2021 13:24
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I did a rought calculation base on first half of 2020 result , one CR glove is equivalent to 5.5 HC glove , in term of GP .
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zandlery
Supreme |
27-Apr-2021 13:21
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What I like about RS is they use the profit to expand cleanroom glove segment rather than pumping up healthcare glove like many does becos I assume they anticipate many short sighted new player will join in and definitely will affect the ASP.
if I am not wrong, the cleanroom glove profit margin reported is much higher than healthcare glove. If that's the case RS increment of production of 10% to 15% will not be equal to purely 10% to 15% increase on current revenue. Will be much more if they able to capture new client on cleanroom product. So I am more optimistic on RS than other medical stocks which depend n fluctuate based on pandemic situation.
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Longtermer
Elite |
27-Apr-2021 13:19
Yells: "A disciplined investor is a wealthy investor" |
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Holding mine to see bigger returns too. Just pocket the dividend first in just 2 days time (29 May last trading day). RS report strong results next month will see another spike. No contra.. ride the volatility and Huat.   |
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zandlery
Supreme |
27-Apr-2021 13:15
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Some guys just trade for a very short term or just scare to get stuck again on a false rebound(low risk appetite).
I myself will hold till my TP, minimum 1.7x depend on situation. The thing is people previously anticipate the pandemic will not take that long but the truth is looks like it going to stick to our life longer than people think. So another medical play will be coming I am quite confident. If drop abit will look on adding more, either this or other medical stocks.
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Twiggy
Member |
27-Apr-2021 13:11
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Yes rather than have all in the same basket. I took profit for some while those that i bought early stage will keep for dividend
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boringguy
Member |
27-Apr-2021 13:08
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Depend what is your enter price... all the big player forecast the ASP 2H 2021 will drop about 5% to 10% subject on the demand. But one thing need to highline is their production volume is increase about 10% to 15%. for long term winner will be old glove manufactury not the new player because ASP will kill their initial investment cost.  
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