Riverstone    Last:0.885    -0.01

Riverstone go go go!

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.

 

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.

 

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.

 

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.

 

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. 

 

 

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 !

 

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.

 

Despite the current price, it is still up 100% from $0.30 before the pandemic.

So major shareholders are still making money.

 

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 !

 

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

 

This share is underperforming ....... it needs to educate the investors of its worth !

 

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....

 

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

 

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.....

 

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.....

 

Australia discovers a new strain of Covid.....
 

 

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.

 

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

 

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

 

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