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Updated 21 Jan
Data show shorties simple average price for supermx is about 5.78, topglove is 5.78, with current market price, they suffer more than 10% paper loss. For shorties to profit, they hv to buy back at lower price than their average shorted price.
If they cannot afford see further paper loss and continuously pay interest for their borrowed shares, they hv to cover back their short position by buying back at higher current price .
Pay dividend 9.65c vs last year corresponding qtr 1.8c dividend
Up to yesterday
Updated to 29 Jan, last friday
Lower natural gas price benefited Glove n steel as both industries are big users of natural gas