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$RIVERSTONE HOLDINGS LIMITED(AP4.SI)$fundamentally an amazing company, cash rich, amazing quarterly financial results but prices keep dropping. 

A lot has to do with market sentiments. For investors that were of the view that Omicron would drive the share prices up were left cursing as it sort of proved to be a dead cat bounce or at least shortist were having a field day. 

Now let's take a step back and look at their main focus/clientele which is clean room gloves, and they have always emphasised that. Looking at the demand of clean room gloves, yes it will go up due to global shortage, coupled with the expansion Roverstone did this year they will have no issues feeding the demand. However so has all the glove players so in due course, they will be competing on cost and customers will have better bargaining power to drive prices down eventually. 

As for the covid situation, many were predicting the demand of gloves to go up exponentially but based on what I observed, it doesn't look like that case and there is an influx of new players to the market. These plus if we observe carefully, I have yet to see any vaccination activities requiring the use of gloves. 

There were talks of investors writing into IR and requesting the company to perform share buy back but TBH, the company would have been better off channeling that money investing into the company to make it more efficient to produce gloves rather than feeding shortist.