Posted by oasischeah > Jul 27, 2021 6:10 PM | Report Abuse

Only can happen here. No further action. Retail people suffer.

Posted by Risk Trader > Jul 28, 2021 12:32 AM | Report Abuse

DJ & Nasdaq trumble today, KLSE will continue downtrend this week.

Posted by Risk Trader > Jul 28, 2021 12:33 AM | Report Abuse

Better clear all the position and keep yr cash at FD is better

Posted by mudzaffar > Jul 28, 2021 3:43 PM | Report Abuse

can trade at good counter but not this rubbish counter..

Posted by Bgt 9963 > Jul 31, 2021 9:15 AM |

Post removed. Why?

Posted by Bigboss99 > Aug 3, 2021 3:57 PM | Report Abuse

Boss keep pressing the price haha

Posted by Bukit > Aug 12, 2021 12:59 PM | Report Abuse

No joke, push up one day and then falling everyday. Seem like the free bonus/warrant gimmick does not work. Ha ha.

Posted by Bukit > Aug 12, 2021 3:05 PM | Report Abuse

Practically all are selling at a loss. Really don't understand.

Posted by Bgt 9963 > Aug 12, 2021 4:36 PM |

Post removed. Why?

Posted by kudamuda > Aug 13, 2021 6:04 PM | Report Abuse

Announcement of Multiple proposal on 26Jul mentioned the company shall submit the application within 2 months... and estimated timeframe for completion is 3Q of 2021.

Take note that, MMLR Rules 6.30 (1A) states (as highlighted in the proposal document itself too):

(1A) A listed issuer must ensure that its share price adjusted for a bonus issue is not less than
RM0.50 based on the daily volume weighted average share price during the 3-month period
before the application date.

Tricky things...
- Share price should stay above RM1.50 in average for the 3 months period before application date.
- We can see share price generally trending above RM1.50 prior to 3Aug21 & start to drop to low of 1.2x ~ RM1.3x past few trading days.
- if the share price continue to drop significantly below RM1.50, resulting in lower daily VWAP, it may affects the compliance to this rule.

So? probably they shall submit the application ASAP? or, investor can hope the price trending above RM1.50 in coming days?

or... the proposal would be amended?

curious..

Posted by StreetAnalyst > Aug 15, 2021 1:06 AM | Report Abuse

https://streetanalystblog.wordpress.com/2021/08/15/cgb-a-case-study-for-momentum-trading-strategy/

Posted by Bgt 9963 > Aug 15, 2021 10:33 AM |

Post removed. Why?

Posted by kudamuda > Aug 19, 2021 2:55 AM | Report Abuse

Ah hah… so they have to amend the bonus issue proposal to 1:1. It seems apparent that the 3 months average price prior to application to authority can’t sustain above RM1.50 for compliant to MMLR 6.30 (1A) rule.

Posted by Asyraf96 > Aug 25, 2021 11:37 AM | Report Abuse

Buy noww TP 1.70

Posted by Asyraf96 > Aug 25, 2021 11:50 AM | Report Abuse

All in

Posted by ViWizard > Aug 26, 2021 4:30 PM | Report Abuse

lousy la cannot up

Posted by Young Padawan > Sep 1, 2021 7:21 AM | Report Abuse

Any news on QR announcement? Shouldn't it be done before end of August?

Posted by SamOscar > Sep 3, 2021 6:58 PM | Report Abuse

Very soon . Bonus issue will cancel due to price can not me the criteria

Posted by Sakuragi11 > Oct 4, 2021 1:03 PM | Report Abuse

Bonus issue and free warrant approved....waiting for show to shoot up....suppose to retrace back to RM 1.30 and above within this week

Posted by husky88 > Oct 7, 2021 10:45 PM | Report Abuse

No hope.

Posted by slyvac > Oct 8, 2021 1:17 AM | Report Abuse

Gogogo

Posted by Sakuragi11 > Oct 8, 2021 3:21 PM | Report Abuse

alamak PP delay to 31st Dec 2021....means the pricewont be stable down till 31st Dec.....lollll

Posted by roger3210 > Oct 8, 2021 4:38 PM | Report Abuse

in fact, price will keep going down until all the remaining 15mil units private placement finish :D, good luck if u stil holdng

Posted by Ultraman > Oct 12, 2021 12:56 AM | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3199817

Posted by Ultraman > Oct 12, 2021 12:58 AM | Report Abuse

Finally ... EGM on 27th Oct

Posted by roger3210 > Oct 12, 2021 11:14 AM | Report Abuse

the owner will engage operator to press down the price, it wont go up until private placement is over. in fact, it may keep going down non stop. Any rebound is an opportunity to run for ur life. good luck

Posted by ViWizard > Oct 12, 2021 11:22 AM | Report Abuse

goreng lo masih tidur kah

Posted by roger3210 > Oct 12, 2021 12:13 PM | Report Abuse

dont dream of goreng, else no one will buy the private placement, CGB recently extended the deadline of private placement to end of december to issue the remaning 15mil shares. If you read bursa announcement, there is only 1 buyer of the private placement, Macquiarie Bank, however the subscriber is subscribing it very slowly, i believe there is a deal btw CGB n Macquiarie Bank of the private placement price. So dont be surprise if it continue to drop even if there is bonus issue coming :D

Posted by roger3210 > Oct 12, 2021 12:16 PM | Report Abuse

Let me money into ur pocket, once a share announced private placement, most likely the share price will go sideway or drop, worse if the share went up a lot b4 the announcement, the price will even drop further , this is to enable the co to issue private placement share at lower price to attract private investor. you may buy when the private placemnt is over.

Posted by ViWizard > Oct 12, 2021 12:17 PM | Report Abuse

apa takut dua bulan lagi sudah dec

Posted by roger3210 > Oct 12, 2021 12:23 PM | Report Abuse

haha, by December world market may undergo sharp correction lead by US :D

Posted by ViWizard > Oct 12, 2021 12:34 PM | Report Abuse

haha how about malaysia?

Posted by Ultraman > Oct 12, 2021 1:55 PM | Report Abuse

The floor price is RM1. They must maintain the ex price above RM0.50. This is the requirement. So die die can't let it drop below RM1.

Posted by Ultraman > Oct 12, 2021 1:57 PM | Report Abuse

So the downside risk is RM1. But the upside reward is much bigger than the downside risk

Posted by roger3210 > Oct 12, 2021 2:53 PM | Report Abuse

there is no floor price for private placement, the price is determine by the owner and the private investor.

Posted by roger3210 > Oct 12, 2021 2:54 PM | Report Abuse

If I'm private investor, I will ask the owner to press down the price so that i can subscribe the placement share at lower price :D (Hint given)

Posted by Ultraman > Oct 12, 2021 3:06 PM | Report Abuse

Not the floor price for private placement, there is a floor price for the bonus issue exercise.

""The Board takes cognisance of the maximum number of Bonus Shares allowable under
Paragraph 6.30(1A) of the Listing Requirements. Pursuant to Paragraph 6.30(1A) of
the Listing Requirements, the share price adjusted for the Proposed Bonus Issue of
Shares should not be less than RM0.50 based on the daily VWAP during the past 3-
month period prior to the date of the listing application to Bursa Securities'''

Posted by roger3210 > Oct 14, 2021 4:52 PM | Report Abuse

about to break below RM1 soon.

Posted by SHQuah > Oct 14, 2021 6:10 PM | Report Abuse

Let it break RM1. Don't support so next time could buy cheaper.