Riverstone Holdings

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#41
OT: Haha! I didn't even think it's possible to do that. Anyway, I'm not a trader so why promote? I don't care about the price, I just care about the company I'm investing in. I'm just sharing my opinion.

(05-08-2014, 06:33 AM)banker Wrote: I suspect both Disillusioned_12 & Bubbachuck... Both of them joined recently and promoting this counter with their 8 posts each..

Can the moderator help to check?

I'm holding Riverstone for a long time and believe it has value. But such posts make me feel uncomfortable .. Time to divest?



(05-08-2014, 06:24 AM)Disillusioned_12 Wrote: Ah yes Absolutely. Things have been rosy for awhile with this company now I see no reason to look the other direction yet until they give me reason to.
Time to roll!!!
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#42
(05-08-2014, 06:33 AM)banker Wrote: I suspect both Disillusioned_12 & Bubbachuck... Both of them joined recently and promoting this counter with their 8 posts each..

Can the moderator help to check?

I'm holding Riverstone for a long time and believe it has value. But such posts make me feel uncomfortable .. Time to divest?



(05-08-2014, 06:24 AM)Disillusioned_12 Wrote: Ah yes Absolutely. Things have been rosy for awhile with this company now I see no reason to look the other direction yet until they give me reason to.

No offence but I think its ludicrous to think that creating cheap clone accounts in a forum can move the market - Riverstone just announced record quarterly results yesterday and its obviously got a lot of people including myself excited. Its almost akin to saying UOB-KH , OSK-DMG, DBS and voyage research are the same co. because they all have buy calls on riverstone ( and yes if you dont alr know by now I only have one acct because as above i believe ts useless to create multiple accts to promote a stock 0 =) Just so we are clear I actually do agree with you on one thing - promoting a counter without giving logical reasons ( huat ar , gona move up soon! ) are unwelcome and that is why I joined VB because the moderators actually check on such things which makes this a great knowledge sharing portal. Happy to hear the reasons you bought this too if you have others - Vested -
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#43
Was able to get in @ today's opening price of 94c. As WB said , “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”. Perhaps I categorize this as one of the wonderful companies. [emoji6]
Time to roll!!!
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#44
Disillusioned_12 - Yes some people do create clone accounts and post on multiple forums thinking it can move the market. Has happened here couple months before you joined and can happen again.

Bubba - Fantastic company with nice growth and profits. It may be "great company for fair value" but as you can see from recent days sell-off, it is not immune to market variations. Slightly overvalued, but superb dividend yield for those who bought it cheap.

I do feel that at 94cents price there is no margin of safety anymore considering the risks such as rubber prices are now pretty low with the potential for a sharp rebound that could affect earnings substantially. I would like to see what happens to the company's numbers when that happens and how the management copes.

Rubber glove market is also competitive and margin erosion could happen soon.

And when things are rosy, potential for things to get ugly are much higher. not that it will happen here.
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
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#45
With preliminary data, there is no clear evidence the two are connected.

Furthermore, optimistic views/opinions are not forbidden, as long as not baseless, and within posting guidelines.

Regards
Moderator

(05-08-2014, 06:33 AM)banker Wrote: I suspect both Disillusioned_12 & Bubbachuck... Both of them joined recently and promoting this counter with their 8 posts each..

Can the moderator help to check?

I'm holding Riverstone for a long time and believe it has value. But such posts make me feel uncomfortable .. Time to divest?



(05-08-2014, 06:24 AM)Disillusioned_12 Wrote: Ah yes Absolutely. Things have been rosy for awhile with this company now I see no reason to look the other direction yet until they give me reason to.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#46
Glove makers rule out price war

KUALA LUMPUR: Despite oncoming capacity numbering in the billions of gloves, Malaysian rubber glove makers, which produce the majority of the world’s gloves, are ruling out a price war although they say competition is set to intensify.

“There is already a pricing mechanism for glove prices. The talk of a price war is more hype than reality.

“The industry is mature enough to work it out,” Malaysian Rubber Glove Manufacturers Association (MARGMA) vice-president Denis Low Jau Foo told reporters at the opening of the International Rubber Glove Conference and Exhibition 2014.

MARGMA officials also stressed that there was a three-year lag before new capacity commitments could be put onstream, meaning any new supply would grow at a measured pace.

Hartalega Holdings Bhd executive chairman Kuan Kam Hon said competition remained “healthy”.

“A price war means that some people will go out of business. I don’t think competition has reached that level,” he told StarBiz.

Supermax Corp Bhd executive chairman and group managing director Datuk Seri Stanley Thai, however, said he expected competition to worsen next year.

He said the industry could see average profit margins for nitrile gloves dwindle to between 9% and 11% during the remainder of the year from above 15%.

“Those who have been enjoying high profit margins will be hard-pressed due to pricing pressure from the new capacity, not only in Malaysia but also China, Thailand and Indonesia,” he said on the sidelines of the conference.

Kuan explained that the aggressive push into nitrile production by various players would hurt margins.

“Everyone is in a hurry to sell. Many of those who had not expected the switch from natural to nitrile to be permanent are playing catch up now.

“It is not that the market is that good but rather they had lost out on business,” he pointed out.

MARGMA president Lim Kee Shyan said global glove demand would continue to grow at between 8% and 12% per year.

“At this rate, we hope demand will exceed 300 billion pieces in less than 10 years, or before 2020.

“This is an opportunity for both natural and synthetic rubber glove players. Related and supporting industries will benefit as well,” he noted.

Malaysia’s rubber glove exports this year were expected to top last year’s RM10.5bil as demand for gloves grew 8% to 178.6 billion pieces this year, MARGMA officials said.

http://www.thestar.com.my/Business/Busin...ng-mechan/
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#47
(04-09-2014, 10:56 AM)ahyeh Wrote: Glove makers rule out price war

KUALA LUMPUR: Despite oncoming capacity numbering in the billions of gloves, Malaysian rubber glove makers, which produce the majority of the world’s gloves, are ruling out a price war although they say competition is set to intensify.

“There is already a pricing mechanism for glove prices. The talk of a price war is more hype than reality.

“The industry is mature enough to work it out,” Malaysian Rubber Glove Manufacturers Association (MARGMA) vice-president Denis Low Jau Foo told reporters at the opening of the International Rubber Glove Conference and Exhibition 2014.

MARGMA officials also stressed that there was a three-year lag before new capacity commitments could be put onstream, meaning any new supply would grow at a measured pace.

Hartalega Holdings Bhd executive chairman Kuan Kam Hon said competition remained “healthy”.

“A price war means that some people will go out of business. I don’t think competition has reached that level,” he told StarBiz.

Supermax Corp Bhd executive chairman and group managing director Datuk Seri Stanley Thai, however, said he expected competition to worsen next year.

He said the industry could see average profit margins for nitrile gloves dwindle to between 9% and 11% during the remainder of the year from above 15%.

“Those who have been enjoying high profit margins will be hard-pressed due to pricing pressure from the new capacity, not only in Malaysia but also China, Thailand and Indonesia,” he said on the sidelines of the conference.

Kuan explained that the aggressive push into nitrile production by various players would hurt margins.

“Everyone is in a hurry to sell. Many of those who had not expected the switch from natural to nitrile to be permanent are playing catch up now.

“It is not that the market is that good but rather they had lost out on business,” he pointed out.

MARGMA president Lim Kee Shyan said global glove demand would continue to grow at between 8% and 12% per year.

“At this rate, we hope demand will exceed 300 billion pieces in less than 10 years, or before 2020.

“This is an opportunity for both natural and synthetic rubber glove players. Related and supporting industries will benefit as well,” he noted.

Malaysia’s rubber glove exports this year were expected to top last year’s RM10.5bil as demand for gloves grew 8% to 178.6 billion pieces this year, MARGMA officials said.

http://www.thestar.com.my/Business/Busin...ng-mechan/

Bro,

Thank you for providing this article!

Summarizing on it, it seems that the whole gloves market has shifted from rubber gloves to nitrile. Lots of companies who have been making rubber gloves are rushing to get into nitrile production - right onto Riverstone's niche.

This points favorably on Riverstone's strategy as Chairman Wong would be making 1st phase production line ready in the new land production in Taiping by 3rd quarter of 2014. It potentially adds 1 billion pieces of gloves.

Competitors playing catch-up with a rushed nitrile production, Riverstone can score more brownie points here if they keep up with their quality and also strong customer service. They can even add to their current market share or break into new markets.
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#48
An interesting article from Next Insight


http://nextinsight.net/index.php/story-a...rly-result[/url]

Vested
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#49
Sets new high today @1.01. Any news on this company?
Time to roll!!!
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#50
Latest report.

http://singaporestockmarketnews.blogspot....html?m=0
Time to roll!!!
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