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Overview
Financial Highlight
Headlines
Business Background WZ Satu Bhd is a civil engineering and building contractor company and undertakes infrastructure development projects. It operates its business through its subsidiaries. The company's product and services include Securing and carrying out construction contracts, contractor, subcontractor, carry on fabrication and assembly and testing work, trading and after service of products for oil and gas industries, mining operations and activities, manufacturing of steel products, trading of steel products, Investment holding. It generates most of its revenues through the sale of steel products.
  fms016 Nice info Calvintaneng..their share will increase gradually due many things especially secure contract from Petronas.. 18/04/2021 8:25 PM Tlim11 They are exiting bauxite mining due to hard to get AP with current moratorium 24/04/2021 12:00 PM TedTock Some hints of good news ahead: https://www.thestar.com.my/business/business-news/2021/04/24/wz-satu-on-the-right-track 24/04/2021 1:05 PM FutureGains boss says exiting baouxite business and sold for 16m .thia could turn into Profit QR next month 24/04/2021 9:48 PM TedTock 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. 24/04/2021 10:17 PM Karlos 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. 10/05/2021 9:23 AM Karlos 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 10/05/2021 10:49 AM oirugfhy anyone know if PA convert to ordinary share need to top up money or can convert directly? 10/05/2021 11:11 AM Karlos 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. 10/05/2021 11:25 AM Karlos 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 10/05/2021 3:43 PM Karlos PA should be valued higher than mother as PA has 3% yearly dividend attached. 10/05/2021 7:35 PM Karlos The company CEO have been collecting PA and WB. The free money by buying PA will be very soon disappear off the table ! 12/05/2021 11:15 AM Karlos 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. 13/05/2021 12:14 PM Ny036 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)? 13/05/2021 2:00 PM Karlos 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. 13/05/2021 3:31 PM Karlos 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. 13/05/2021 3:41 PM 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 Karlos 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 ! 13/05/2021 5:24 PM  |
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