Posted by neohts > 2021-07-02 16:37 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3167678

KGB shares will be credited into Mr X's CDS account on the night of 2 Jul 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3167471

Ratio (New : Existing) 1.0000 : 1.0000
Available/Listing Date 05 Jul 2021

Posted by SHQuah > 2021-07-02 17:38 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3172280

Posted by Gabriel Khoo > 2021-07-02 18:23 | Report Abuse

EPF emerged as substantial shareholder

Posted by Nepo > 2021-07-02 18:33 | Report Abuse

Wow! Epf is a substantial shareholder.
Good news.

Posted by Leonggg > 2021-07-02 18:41 | Report Abuse

WELCOME EPF GOOD NEWS!

Posted by SHQuah > 2021-07-02 18:48 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3172476

EPF major shareholders.
EPF acquired more share

Posted by SHQuah > 2021-07-02 19:48 | Report Abuse

Very bright future.

Posted by CynicalCyan > 2021-07-03 09:31 | Report Abuse

EPF already held at least 3.7% of KGB according to its latest Annual Report prior to this announcement. Upping their stake to 5% statutory threshold doesn't mean much. It's not like they up their stake to 10% or something.

Posted by Nepo > 2021-07-03 12:38 | Report Abuse

Epf top up to 5% at RM 1.0x means RM 1.0x price is acceptable by Epf. Downside risk below RM 1 will be substantially reduced..

Protect our capital is primarily important in investment

Posted by SHQuah > 2021-07-03 16:46 | Report Abuse

Once they announced date for free warrants. Share price should eventually go up. Free warrants is an additional profit. When mother share goes up, warrants will follow.

Posted by neohts > 2021-07-05 14:27 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3172629

For information purposes, the Issuance of Free Warrants is still pending with completion to-date. The implementation of the Issuance of Free Warrants will be announced in due course.

Posted by Stocksniper > 2021-07-05 15:27 | Report Abuse

Free warrant = free angpow!!

Posted by SHQuah > 2021-07-05 17:31 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3172723

EPF acquired again.

Posted by chai2145 > 2021-07-05 18:26 | Report Abuse

Pe 40

Posted by 128Huat > 2021-07-05 20:21 | Report Abuse

https://klse.i3investor.com/blogs/128Huat/2021-07-05-story-h1567832771-KELINGTON_GROUP_BHD_KGB_0151_Triangle_Break_Up_MACD_Crossover.jsp

Posted by Dakewlest > 2021-07-05 21:43 | Report Abuse

Guys, just to confirm, how much warrant will i get if i have 100 lot (as of today). Warrant is given based on amount before or after bonus??

Posted by Najib Zamry > 2021-07-05 22:29 | Report Abuse

Up up all the way,,,,,,

Posted by Leonggg > 2021-07-06 03:17 | Report Abuse

Just a midnight thought, Malaysia is currently obtaining 70% (out of all vaccine bought) of Pfizer vaccine, hence millions of Pfizer vaccine but where does the government obtain the dry ice needed to store them? And why KGB have not look into this prospect (negotiate with government for business etc)? If I’m not mistaken Malaysia has less than 3 company producing dry ice and only 2 companies listed on KLSE. Where is the government buying their dry ice from?

Posted by Leonggg > 2021-07-06 03:21 | Report Abuse

@Dakewlest WARRANTS IN KELINGTON ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 3 SHARES HELD ON AN ENTITLEMENT DATE, WHICH WILL BE AFTER THE BONUS ENTITLEMENT DATE;

Posted by Nepo > 2021-07-06 08:55 | Report Abuse

Requote:_

KELINGTON GROUP: (KGRB MK, CP: MYR2.11, Not Rated) Bonus issue and free warrants
Maybank IB Retail Research (7 April 2021)

Kelington proposed to undertake: 1) a 1-for-1 bonus share issue; 2) a 1-for-3 bonus warrant issue; and 3) a diversification into the manufacturing, distribution and trading of industrial and specialty gases. Note that its Board intends to implement the proposed warrants issue after the completion of the bonus share issue. The proposed exercises are expected to be completed by 3Q of 2021.

Based on yesterday’s closing price of MYR2.11, the theoretical ex-bonus price is MYR1.055. Meanwhile, the 5-year warrant is theoretically worth MYR0.57 apiece, based on an indicative exercise price of MYR0.975 per warrant. One, however, should take note that it is the intention of the Board to fix the exercise price of the warrants on a premium of up to 30% to the ex-bonus price.

Although the warrants will not raise any funds when issued, Kelington could raise up to MYR209.7m at the indicative exercise price of MYR0.975 per warrant, assuming all warrants are exercised, which will be used to part finance the acquisition of assets for the industrial gas business, to meet its general working capital requirements and to partially repay borrowings.

The latest corporate exercises not only reward its existing shareholders but also to strengthen its balance sheet. Note that Kelington is sitting on a net cash of just MYR73.4m at end-Dec 2020 vs. its current outstanding order book stood at about MYR358m. Notwithstanding that, Kelington’s outstanding shares could balloon by about 167% on a fully diluted basis.

In spite of the EPS dilution in the immediate term (due to bonus share issue), it should not affect brokers’ rating. Currently, research houses are positively biased on Kelington with three Buys and one Hold, with a mean target price of MYR2.24. This is likely premised on its growth prospects. At present, the street is forecasting a 21.6% 3-year EPS CAGR for FY20-23. Valuation wise, the stock is trading at 25.4x consensus FY21 EPS of 8.3sen, above its 3-year historical average P/E of 18x.

Posted by Najib Zamry > 2021-07-06 09:46 | Report Abuse

This stock is worth Rm2.60 at least…..

Posted by 128Huat > 2021-07-06 11:17 | Report Abuse

https://klse.i3investor.com/blogs/128Huat/2021-07-05-story-h1567832771-KELINGTON_GROUP_BHD_KGB_0151_Triangle_Break_Up_MACD_Crossover.jsp

Congrats those who bought this morning!

Posted by 3311 > 2021-07-06 14:05 | Report Abuse

If I buy today , am I entitled for free warrant?

Posted by neohts > 2021-07-06 14:28 | Report Abuse

3311.....yes. You are entitle for free Ang Pow warrants

Posted by collie > 2021-07-06 15:01 | Report Abuse

wow HUGE rejection. Same like previous breakout so many profit taking. Let's see if it can rebound later.

Posted by Jeffson87 > 2021-07-06 18:10 | Report Abuse

Warrant exercise price rm1.38...30% premium... Management so gungho.. Haha..

Posted by charlie chia > 2021-07-06 18:33 | Report Abuse

Management highly think of their shares value
Alternative they need to push up their shares inorder for investors to invest
No wonder those big boys sell off first as they may knew the exercise price
Long term still attractive and more to grow

Posted by Investmentnooby > 2021-07-06 21:15 | Report Abuse

what does the warrant announcement mean? when is the ex-date ya?

Posted by Jeffson87 > 2021-07-06 22:09 | Report Abuse

No Exdate yet. Just announced the future exercise price for warrant in order to convert into mother share.
At exercise price of rm1. 38, management is anticipating mother to be above rm1. 40 in future. Haha

Posted by chai2145 > 2021-07-06 23:25 | Report Abuse

How about the warrant price , it's good to convert to mother share immediately?

Posted by Jeffson87 > 2021-07-07 08:22 | Report Abuse

Warrant price = closing price of trading day. Not yet issued.
The exercise price is rm1. 38. As long as the mother price is below that price, no hurry to convert. Hope it clarifies.

Posted by neohts > 2021-07-07 09:53 | Report Abuse

Normally shareholder are giving 5 years period to convert or sell in open market.

Posted by neohts > 2021-07-07 10:15 | Report Abuse

I am sure one day they will push the price above RM1.38.

Posted by SHQuah > 2021-07-07 12:35 | Report Abuse

Even mother share below RM1.38. Warrants open still should be around 20 or 30 cents or even more.

Posted by SHQuah > 2021-07-07 17:17 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3173368

Warrants Ex date 21 July.

Posted by SHQuah > 2021-07-07 17:33 | Report Abuse

Warrants listing 3 August 2021.

Posted by Gabriel Khoo > 2021-07-07 18:26 | Report Abuse

Warrant should be around 30 to 35c during 1st listing day

Posted by charlie chia > 2021-07-07 19:33 | Report Abuse

Price of the warrant depend on the mother share closing on the eve of warrant listing

Posted by Najib Zamry > 2021-07-07 19:33 | Report Abuse

Showtime tomorrow

Posted by Jeffson87 > 2021-07-07 20:36 | Report Abuse

Yesterday and today also doji... Got funds kaka ciao ciao

Posted by Dakewlest > 2021-07-07 23:23 | Report Abuse

What is the tentative price for warrant? Any idea?

Posted by charlie chia > 2021-07-08 11:05 | Report Abuse

Kgb 1:3 warrant X on 21 July
Understand if you sell on. 21/7, you are entitle to the warranty
But they stated therein as
Entitlement on 22 July at 5 pm
A bit confused with the entitlement date
Any Sifu can explained

Posted by neohts > 2021-07-08 16:23 | Report Abuse

Opportunity to buy cheap now.
Tomorrow and Next week might U turn.

Posted by Antfakeguru1 > 2021-07-08 16:39 | Report Abuse

Overvalued, SELL.
ABERDEEN STANDARD INVESTMENTS , BIG BOI is dumping.

Posted by dawchok > 2021-07-08 16:41 | Report Abuse

I added a bit at 1.06 to avoid odd lot of free warrant on 21Jul

Posted by SHQuah > 2021-07-08 18:00 | Report Abuse

Tomorrow morning to set buy 1.07.
Good luck to me.

Posted by Nepo > 2021-07-08 22:01 | Report Abuse

Why set to buy @RM 1.07 but not below..big boys bought and sold recently, imply volatility..i choose a stay sideline for this counter..not buy not sell at the moment, but brave one buys on dip and earns money...that is the difference between brave one and small kiko like me..

Posted by collie > 2021-07-08 22:31 | Report Abuse

Yup you are right. Better not to fight with the market. It's currently deciding whether to go up or down and i guess soon we'll find out? But from previous two weeks have shown two big rejections at 1.14 already and also aberdeen disposed a lot. Maybe it can hold until warrants ex but then bigger question here is what's next after that? Interesting times...

Posted by SHQuah > 2021-07-09 07:48 | Report Abuse

Technical rebound

Posted by neohts > 2021-07-09 13:22 | Report Abuse

Can buy now. Warrant Ex date 21 July.
Still has many days to go up before Ex date.