CITAGLOBAL BERHAD

KLSE (MYR): CITAGLB (7245)

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Last Price

0.885

Today's Change

0.00 (0.00%)

Day's Change

0.885 - 0.885

Trading Volume

3,000


9 people like this.

4,025 comment(s). Last comment by pritpritt 17 hours ago

nixonteh85

889 posts

Posted by nixonteh85 > 2021-04-16 15:38 | Report Abuse

Free ticket, free ticket!
A trip to Holland

Low1138

20 posts

Posted by Low1138 > 2021-04-17 18:58 | Report Abuse

Calvin thanks god u r back. I m always with u.

fms016

314 posts

Posted by fms016 > 2021-04-18 20:25 | Report Abuse

Nice info Calvintaneng..their share will increase gradually due many things especially secure contract from Petronas..

Posted by Skywalker00 > 2021-04-18 21:12 | Report Abuse

Orang Pahang tahu la ya...

bjgdila123

3,470 posts

Posted by bjgdila123 > 2021-04-20 10:58 | Report Abuse

why sonyap jo , kata 0.60 ke 0.80 tp

bjgdila123

3,470 posts

Posted by bjgdila123 > 2021-04-20 11:51 | Report Abuse

PAK UZIR TIDOQ KE

elielvi

1 posts

Posted by elielvi > 2021-04-20 13:12 | Report Abuse

.

eye2eye

157 posts

Posted by eye2eye > 2021-04-20 16:06 | Report Abuse

put your money in Technology counters... make some decent money for raya

Tlim11

42 posts

Posted by Tlim11 > 2021-04-24 12:00 | Report Abuse

They are exiting bauxite mining due to hard to get AP with current moratorium

FutureGains

10,709 posts

Posted by FutureGains > 2021-04-24 21:43 | Report Abuse

Monday gap up

MoneyAndHoney

2,479 posts

Posted by MoneyAndHoney > 2021-04-24 21:45 | Report Abuse

sure boh?

FutureGains

10,709 posts

Posted by FutureGains > 2021-04-24 21:48 | Report Abuse

boss says exiting baouxite business and sold for 16m .thia could turn into Profit QR next month

TedTock

926 posts

Posted by TedTock > 2021-04-24 22:17 | Report Abuse

When bosses give lengthy media interviews, it usually means something is up (if there’s bad news brewing they usually avoid such interviews). Look at the recent ones by censof’s boss.

DreamEmperor

3,340 posts

Posted by DreamEmperor > 2021-04-25 03:07 | Report Abuse

Aah, inspiring insight, dude

DreamEmperor

3,340 posts

Posted by DreamEmperor > 2021-04-25 03:08 | Report Abuse

Very interesting

kingJ

129 posts

Posted by kingJ > 2021-04-25 17:34 | Report Abuse

So New TP = 50 sen?

Posted by Investor 999 > 2021-04-27 11:02 | Report Abuse

TP of RM0. 500 is too Conservative!

kingJ

129 posts

Posted by kingJ > 2021-04-27 11:04 | Report Abuse

Up up up, now up-ping

Posted by harudin harudin > 2021-04-27 11:11 | Report Abuse

wauuuuuuuuuuuuu

MadCow75

3,091 posts

Posted by MadCow75 > 2021-05-02 23:50 | Report Abuse

just break 0.26 first...

blahbleh

331 posts

Posted by blahbleh > 2021-05-03 12:10 | Report Abuse

kemonnn

TedTock

926 posts

Posted by TedTock > 2021-05-03 12:47 | Report Abuse

Dont doubt, something is up

Posted by Klse_faizan > 2021-05-07 11:37 | Report Abuse

Good luck wzsatu for next week.. I believe u can fly

Karlos

1,284 posts

Posted by Karlos > 2021-05-10 09:23 | Report Abuse

Easy money: If you have Ordinary shares, sell them then buy PA. PA should trade at premium to Ordinary as it is a Preference Share with 3% dividend and convertible to ordinary at 1 : 1
Or just buy PA as it should trade at a premium to ordinary.

Karlos

1,284 posts

Posted by Karlos > 2021-05-10 10:49 | Report Abuse

Warrant B exercise price is 16 sen. Say WB now at 12 sen then your cost of WZ Ordinary will be 28 sen. Far higher than WZ! current trading price of about 20 sen

oirugfhy

29 posts

Posted by oirugfhy > 2021-05-10 11:11 | Report Abuse

anyone know if PA convert to ordinary share need to top up money or can convert directly?

Karlos

1,284 posts

Posted by Karlos > 2021-05-10 11:25 | Report Abuse

Can convert directly one to one without any additional cash.

The conversion price of the ICPS shall be an amount equivalent to the issue price of the ICPS. Each ICPS is convertible into 1 new Share (“Conversion Ratio”). For the avoidance of doubt, no additional cash payment is required for such conversion of the ICPS by the ICPS holders.

Posted by sukiesee > 2021-05-10 13:54 | Report Abuse

doesn't wzsatu have hope to fly?

kion11

57 posts

Posted by kion11 > 2021-05-10 15:03 | Report Abuse

wow, the exercise price for PA and WB......11 and 16 sen

Karlos

1,284 posts

Posted by Karlos > 2021-05-10 15:43 | Report Abuse

Nothing more to pay for PA conversion, not 11 sen which you have paid for the PA. Just convert PA to WZ1 Ordinary 1 for 1 without paying additional cash. But PA should have higher value as it has 3% preferential dividend

oirugfhy

29 posts

Posted by oirugfhy > 2021-05-10 18:18 | Report Abuse

wow means the PA now is super discount price

firehawk

4,782 posts

Posted by firehawk > 2021-05-10 18:45 | Report Abuse

PA price should match mother share price ....

Karlos

1,284 posts

Posted by Karlos > 2021-05-10 19:35 | Report Abuse

PA should be valued higher than mother as PA has 3% yearly dividend attached.

oirugfhy

29 posts

Posted by oirugfhy > 2021-05-10 20:40 | Report Abuse

Agree with Karlos

firehawk

4,782 posts

Posted by firehawk > 2021-05-11 09:55 | Report Abuse

Ha Ha !!! if PA price can match mother share price is good enough :D :D

Karlos

1,284 posts

Posted by Karlos > 2021-05-12 11:15 | Report Abuse

The company CEO have been collecting PA and WB. The free money by buying PA will be very soon disappear off the table !

Karlos

1,284 posts

Posted by Karlos > 2021-05-13 12:14 | Report Abuse

The CEO is now buying WA ! He perhaps rightly prefer to buy PA as exposure to equity instead buying directly the mother as PA is significantly undervalued compared to mother.

Ny036

717 posts

Posted by Ny036 > 2021-05-13 14:00 | Report Abuse

karlos: just to confirm
1) if buy pa now at 0.16 ( mother now 0.19). later i convert to mother share through the remiser .
Do i need to pay extra money? what is the meaning of exercise price of 0.11?
how long it take to convert to mother share? will it normal if mother share start to drop if too
many people convert?
2) if let say mother stay at 0.19, mean i projected to gain 0.19-0.16= 0.03cents, it is correct?
when normally i can start to sell mother share ( normally 2 week)?

Karlos

1,284 posts

Posted by Karlos > 2021-05-13 15:31 | Report Abuse

If you have PA, the Preference Share with 3% dividend, to covert you just convert it 1 PA to 1 mother, no need to pay any additional cash. The exercise price of 0.11 was the price paid earlier to buy one PA so now you just need to surrender your PA for mother 1 to 1.

Karlos

1,284 posts

Posted by Karlos > 2021-05-13 15:41 | Report Abuse

If you are smart enough, you will not convert the PA to mother as the PA is more senior and has 3% dividend and therefor should be priced or valued higher where else Mother for now has not been paying any dividend and junior to PA. Only convert PA if mother are paying much higher dividend than PA.

Ny036

717 posts

Posted by Ny036 > 2021-05-13 15:59 | Report Abuse

thanks a lot karlos for explaining the details.

Ny036

717 posts

Posted by Ny036 > 2021-05-13 16:30 | Report Abuse

however if mother drop to 0.14 in this on going bear market, then it is not worth it. it is correct?

Karlos

1,284 posts

Posted by Karlos > 2021-05-13 17:24 | Report Abuse

You are partly right but if you own PA you are getting 3% dividend. We think WZ1 likely to have something good going forward. Note that the Group CEO is buying WA, WB and PA. Very unlikely he is buying these securities especially the warrants if he expect bad news coming !

firehawk

4,782 posts

Posted by firehawk > 2021-05-17 10:00 | Report Abuse

mother share 19.5 sen, PA 16 sen .... those holding mother share can sell and buy PA, to get arbitrage (no risk) gain !! PA can be converted and get back the mother share :D :D

firehawk

4,782 posts

Posted by firehawk > 2021-05-17 10:32 | Report Abuse

somebody really sold @0.19 and bot PA @0.165 ... reaped the no risk gain >13% !!

Posted by caspershien > 2021-05-17 22:05 | Report Abuse

DATUK ABDUL GHANI BIN ABDULLAH is buying!!!

Karlos

1,284 posts

Posted by Karlos > 2021-05-18 12:32 | Report Abuse

Just be a little patient !

Posted by caspershien > 2021-05-20 15:24 | Report Abuse

WZ has order book worth rm800m, AND MARKET CAP IS ONLY 84M? u must be kidding me

firehawk

4,782 posts

Posted by firehawk > 2021-05-20 16:23 | Report Abuse

Ny036 however if mother drop to 0.14 in this on going bear market, then it is not worth it. it is correct?
13/05/2021 4:30 PM
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Good question! :-)

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