Patrick13After so long time, finally reach 1.56 my breakeven point!
titusI was holding wb. Was at paper loss for the longest time and was averaging down all the way and now finally make some money. Average cost is 0.37+. Selling half 1st and keeping the rest if the mother share go up to 1.70 ....:))
calvintanengShould read as "Rich" people. They want to PROTECT Wealth!
InvestForLivingPatrick13. Giving dividend soon. It's normal the stocks will go up.
InvestForLivingI hope it shoots all the way to 1.70-1.80. But this stock has a weird pattern, once it shoots, there is a lot of road block but hopefully up 1-3 sen everyday!
jacklintanInternal players from YTLPOWER want the shareholders to HOLD this counter given the benefit of 10 cents dividend and after discounted, the price will go down discounted 10 cents or more. If for long term, can keep. But for those buying now at 1.59 onwards, risky as after dividend, sharp price drop will be expected. Therefore, u got to hold longer time.
Patrick13I already hold this stock at 1.56 since 2 years ago.. if every year give at least 10 cents div, i dun mind to hold it for longer period :)
tituswb moving as well. will we see 0.50? :)) hope christmas come early....
In finance, a warrant is a security (a form of contractual financial instrument) that entitles the holder to buy the underlying stock of the issuing company at a fixed price called exercise price until the expiry date. A warrant is worthless after the expiry date.
The important features of warrants: • Exercising: A warrant is exercised when the holder informs the issuer their intention to purchase the shares underlying the warrant. • Premium: A warrant's "premium" represents how much extra you have to pay for your shares when buying them through the warrant as compared to buying them in the regular way. • Gearing (leverage): A warrant's "gearing" is the way to ascertain how much more exposure you have to the underlying shares using the warrant as compared to the exposure you would have if you buy shares through the market. • Expiration Date: This is the date the warrant expires. If you plan on exercising the warrant you must do so before the expiration date. The more time remaining until expiry, the more time for the underlying security to appreciate, which, in turn, will increase the price of the warrant (unless it depreciates). Therefore, the expiry date is the date on which the right to exercise ceases to exist.
When mother share is moving in an uptrend, buying warrant can have a higher percentage gain. Conversely, when mother share is on a downtrend, warrant will yield a much worse loss.
Expiry date: 11/06/2018 Exercise Price: RM1.14 Last closing price WB: RM0.445 Total cost of acquiring YTLP WB and exercising conversion: RM(1.14 + 0.445) = RM1.585 Last closing price of YTL Power share = RM1.61
Saving through warrant conversion: RM0.025
The conversion process takes over a week.
Please be aware of the timeline of conversion to entitle to 10 sen dividend as announced by YTL:
“Holders of Warrants 2008/2018 are reminded to lodge with the Company's Registrar, YTL Corporation Berhad of 11th Floor, Yeoh Tiong Lay Plaza, 55 Jalan Bukit Bintang, 55100 Kuala Lumpur, their subscription forms and subscription monies for subscription of new shares by 5:00 p.m. on 19 October 2016 to qualify for the above dividend entitlement.”
The price of WB is expected to drop by close to 10 sen some days before 19/10/2016. One must therefore exercise conversion or sell off the WB before that.
skayQuestion,... should one take profit now or wait for the dividend? At this point, capital gain is more than the dividend one is going to get. After dividend, price will drop again and can pick it up again.
studno5isnt the dividend is automatically give out to shareholder upon the date of annoucement? do you have to inform them that you own their share so as to entitled the dividend?
or this msg from FairandReasonable above is about buying additional new share now prior to the actual dividend giving day?
sorry please educate.thanks.
imoogi99FairandReasobable message refers to the ytlpwer-wb, the warrant. You need to convert the warrant to the mother shares before the specific date to get the dividend. Dividend will be automatically given out to shareholder of the mother share.
titusimmogi99 is right. Me bad. I'm holding warrant only. Don't have mother shares. I have sold 50% previously. Parking another 50% to sell from the balance. It is hard to move & s kay is right too. Normally after dividend, mother will drop and this will affect the warrant. So selling it off. I do hope ytlp can go to 1.70. Wishful thinking? ^_^
steveI think profit taking now would be a good idea