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great debate today on share buy back around internet.
As a shareholder of both supermax and TG
Im not agree with the share buy back
company should use the cash wisely
like merger ,business expand
Example KAREX now ,market cap 687 M " only"
100M cash ,buy karex 15 % share alr
Can straight away talk merger /share swap with KAREX lo
since Karex wanna to do Glove business, TG boss wanna to expand to become fortune 500
TOPGLOVE -KAREX merger ~~~
full fill both party ,
WIN- WIN
And now?
management spent 100M in the single day ,just to share buy back
yes,M&A always spice up all investor attention ,and it will go on to all headline ,"LARGEST Glove manufacturer tie up with LARGEST Condom MAnufacturer" . Alr can imagine the headline in Bloomberg
What TG doing now with SBB is actually investing back in TG... unless KAREX is more profitable than TG, otherwise it doesn't make sense to invest the money elsewhere.
Don’t make it too complicated. Company thinks their share is cheap, buy back to make the floating shares lesser and EPS will be higher. If the shares are dropping still, company is buying more and more to increase the eps. TG knows they are better than others, why invest in other company shares but not themselves ?
100m sbb is just nothing compare to topg current 55b market cap.topg is holding for those retailer to run.so retailers pls be smart,boss holding for u to run
