Post Reply
3601-3620 of 3892
Believe it is just the begining of his purchases , more will be done.
Sunbrighten ( Date: 15-Dec-2021 19:04) Posted:
|
Mr Wong is a hero
Another purchase of 300k shares by Mr. Wong today , another vote of confidence !
thanks, its just my system to identify value stocks which have highly positive cash flow generative business + generous divs and dump some money gradually into them gradually.
over longer term 5-10 years, I am quite confident Riverstone will be able to grow organically.
Risk for Riverstone now :
is if Kimberly clark comes back into the cleanroom market ( though unlikely in the coming 6months as USA has a lot of omicron and covid and high demand for healthcare gloves this winter, so as american company they have to support the local hospitals) This will enable RS to continue to dominate GLOBAL cleanroom market, in fact it might end up taking so much market share away from Kimberly clark that it ends up the dominant player.
More selling by EPF ( not a problem really, will create some nice dips and buying opportunity, and possibly so much volume recently they probably have managed to exit already.)
Pfizer has new antivirus tablet for curing covid, highly effective but very expensive and now still need another half to 1 year trials before emergency use granted. This could reduce need for HC gloves but we shall see as new variants keep popping up.
But i think we are in for a bumper 4Q at least and next 1 year looks pretty good as well as RS factories can reramp.
over longer term 5-10 years, I am quite confident Riverstone will be able to grow organically.
Risk for Riverstone now :
is if Kimberly clark comes back into the cleanroom market ( though unlikely in the coming 6months as USA has a lot of omicron and covid and high demand for healthcare gloves this winter, so as american company they have to support the local hospitals) This will enable RS to continue to dominate GLOBAL cleanroom market, in fact it might end up taking so much market share away from Kimberly clark that it ends up the dominant player.
More selling by EPF ( not a problem really, will create some nice dips and buying opportunity, and possibly so much volume recently they probably have managed to exit already.)
Pfizer has new antivirus tablet for curing covid, highly effective but very expensive and now still need another half to 1 year trials before emergency use granted. This could reduce need for HC gloves but we shall see as new variants keep popping up.
But i think we are in for a bumper 4Q at least and next 1 year looks pretty good as well as RS factories can reramp.
Midtermer ( Date: 14-Dec-2021 14:19) Posted:
|
Mr Wong lai loh.. 👍 👍
67.5c is clearing up fast. Likely to hit 69c today.
Richardlai ( Date: 15-Dec-2021 16:18) Posted:
|
Yes I already picked up some too ! These guys can just push the price up and down ..... scary !
Buy now loh, wait for what? If price drops to 0.56 also wont lose anything, if price goes to .76 with div thats 30% profits.
Midtermer ( Date: 15-Dec-2021 11:24) Posted:
|
If TG' s results declined generally we should expect the same trend for the rest of the Glove companies too ( for the same period). Market will take that into account. Good thing is that EPF has most likely sold off all the RS shares, so it will be easier for the share to go up.
Final dividend S$0.11 ? that is huge.
Midtermer ( Date: 15-Dec-2021 11:24) Posted:
|
Pandemic is far from over. According to expect Omicron will not be the last variant of concern, there should be 1 or 2 more variant of concern.
Midtermer ( Date: 15-Dec-2021 11:24) Posted:
|
Took a look at the Q3 and H1 reports. Based on dividend trend, the final dividend should be at least around 34 sens without accounting for the profit in q4 2021. DBS estimating 39 sens which is fair imo. Cheers.
Longtermer ( Date: 15-Dec-2021 10:28) Posted:
|
https://www.nextinsight.net/story-archive-mainmenu-60/944-2021/14526-riverstone-ceo-makes-s-573-000-purchase-of-shares-this-month
Likely Mr Wong will continue buy in till price hits 70c. ✌ ️
Can't fall much. This level almost at normalisation value
To add on
Intel setting up their plant in Malaysia agurs well for RS in future as they are serving the clean room for semicon.
Intel setting up their plant in Malaysia agurs well for RS in future as they are serving the clean room for semicon.
Godwinlow ( Date: 14-Dec-2021 21:26) Posted:
|
Why RS is grossly undervalued? And our Boss Mr Wong is well aware:
1. Quick Ratio of 3.47. It means for every $1 of debt, it has $3.47 of cash assets to cover. Not just asset but CASH ASSET.
2. PE (TTM) is at 1.90 times, amongst the lowest in glove stock. The company is highly able to repeat the robust performance due to its versatility in clean room and surgical gloves as a hedge against pandemic recovery.
3. Cash value per share is at least $0.35 or 52% of existing market capitalisation is cash. Yes. Cash.
4. Many other positives such as adept top management who are strategic in executing their resources. Most of the time they expand their factory on basis of customer booking with firm orders. Management are very proactive in engaging shareholders.
Dividends are also expected to be generous.
There are many more positives.
Expect more purchases from Mr Wong, our hero!
1. Quick Ratio of 3.47. It means for every $1 of debt, it has $3.47 of cash assets to cover. Not just asset but CASH ASSET.
2. PE (TTM) is at 1.90 times, amongst the lowest in glove stock. The company is highly able to repeat the robust performance due to its versatility in clean room and surgical gloves as a hedge against pandemic recovery.
3. Cash value per share is at least $0.35 or 52% of existing market capitalisation is cash. Yes. Cash.
4. Many other positives such as adept top management who are strategic in executing their resources. Most of the time they expand their factory on basis of customer booking with firm orders. Management are very proactive in engaging shareholders.
Dividends are also expected to be generous.
There are many more positives.
Expect more purchases from Mr Wong, our hero!
If i bought my RS shares at $0.60 instead of $1.33, could have own at least double the shares that i had now which would reap me double the dividend.
He's going to take it private
Midtermer ( Date: 14-Dec-2021 17:50) Posted:
|
I think he gonna profit immensely either way so i think he would continue to keep buying if he can afford.