Highlights
KLSE: SIME-CR (4197CR)       SIME-CR:CW SIME DARBY BHD (C) Main Market : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.00   0.00 (0.00%)  0.00 - 0.00  0

Overview

Type:Call Warrants
Sector:TRADING/SERVICES
Listing Date:Mar 23, 2012
Maturity Date:Mar 29, 2013
Issue Size:50,000,000
Exercise Price:MYR 9.50
Ratio: 8 : 1
Underlying Stock:SIME
Avg Volume (4 weeks):0

Additional Info

Announcement: [Mar 22, 2012] Listing Information & Profile for Structured Warrants
[Mar 22, 2012] Listing Information & Profile for Structured Warrants
Issuer:CIMB Bank Berhad
Description:European Style Non-Collateralised Cash-Settled
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kcchongnz "fishing for big marlin"
Good phrase. great to learn this from you. Yes, don't be a fool to buy new call warrants issued by IB. All selling at very high implied volatility relative to the historical volatility of the underlying shares, meaning hell of expensive, to the naive punters. I wonder why Bursa never bother to protect the public from the vultures.
24/10/2012 7:27 AM
Mat Cendana TA Securities has come up with this TP for Sime - 11.46! http://klse.i3investor.com/servlets/ptres/11296.jsp These analysts from the various investment banks have had their hits and misses but if this one does get to the TP before the CR expires, this could turn out to be the best trade I've ever made.
28/10/2012 9:36 PM
Captros Mat, Sime performance last year was fantastic. Can they match or exceed last year achievement this year. Was told that their Management is proposing an management performance reward system (million of share to Chairman, CEO, Vice presidents etc), a reward to the top brass. It look like another good year for sime?
29/10/2012 12:39 AM
Beginner_1 how come today never move?
01/11/2012 10:42 AM
ledzepp Sime-CR @ 2sen. Any opinion?
28/11/2012 10:44 AM
Mat Cendana 0.02 is better than 0.04. Will be in the money if Sime gets to 9.60. Your guess is as good as mine, but I feel it's definitely achievable with a counter like this. However, have to consider the present general market sentiments. It's definitely a bearish trend where low might become lower. At the same time, there's the year-end window-dressing period to consider... if it does happen. And with four months left to the warrants expiry, CR at this price is a reasonable bet.
28/11/2012 10:55 AM
ledzepp Thanks MC. With the possible delay in the GE, I could detect a sense of relief, and the index has improved. The Telcos are 'flying'; hopefully to be followed by the others, may be Sime as well. How low can CR go? Obviously, 0.015, 0.005 or 0.000; which are quite small in my opinion. Unfortunately, my bullets are low.
28/11/2012 11:10 AM
Mat Cendana Yeah, I was surprised to see some of the quality counters suddenly clawing back and exceeding yesterday's close. The telcos, SK Petro etc. No sign of that with Sime yet - I'm in a dilemma as to whether to buy the CR at this price or wait. Darn! I hate the indecisiveness.
28/11/2012 11:14 AM
passerby ledzepp & MC: not worth the risk this one, the expiry date doesn't side us the retail trader. that 4 months is the exactly the uncertain period of GE to be call anytime. As friendly advise, if got chance to escape, escape this Sime-CR. go after the underlying instead where you can hold forever.

Looks for Petgas-CG, my entry yesterday is at 0.09. Regardless how fund managers dump this last few days, they still will come back after profit taking unless they can find something better to replace Petgas in their portfolios.
28/11/2012 11:17 AM
Mat Cendana Thanks, passerby. You helped make the decision for me. It's okay even if it were to go up after this. I can live with that - had missed so many others before:-) It's the indecisiveness that really troubles me. Anyway, I think I'm going to just watch and keep the remaining capital for future opportunities.
28/11/2012 11:22 AM
ledzepp Tq passerby. Perhaps holding cash is better right now; diving only if a big catch is guaranteed
28/11/2012 11:27 AM
passerby all my watch list are in red yesterday except this 2 - Three A Resources & Oldtown. You might want to consider that during the uncertain period
28/11/2012 11:27 AM
kcchongnz There is a double whammy for Sime CR today. First it is the adjusted price ex-dividend of 20 sen I think, and then further drop of 17 sen more for Sime. This affects the price of cr. The earlier one is expected and should have been incorporated into the price of cr whereas the later was not expected. In percentage wise the loss of cr is very high as expected because of the high effective leverage about 20 times. cr at 2 sen when Sime at 9.08 is still worth a punt to me (i am really a gambler) with premium of 9.4% and effective leverage of 25 times. To appreciate this one must understand the mind of a gambler. The only problem is the impending general election which makes a lot of people nervous about the equity market. But then again this uncertainty might have been incorporated into the price already. When Sime price get closer to 9.50, the exercise price, the % change in cr in relation to Sime is very high.
28/11/2012 1:41 PM
ledzepp Thanks kcchong. Currently, 2,000 on offer at 2 sen. Buy cost about RM4,000 + fees. A 0.5 sen increase - you'll stand to make about RM900. Will it rises 0.5 sen? Go or no go? What's in the gambler's mind?
28/11/2012 2:38 PM
kcchongnz ledzepp I really don't know whether cr will rise to 5 sen or not. That depend on the performance of the underlying share Sime. RHB today gives a target price of Sime Darby at RM10.30. If you buy cr at 2 sen and keep for 4 months until expiry and Sime rise up to RHB target price, you would have made 400%! Of course in between you might be able to sell cr at high price and even make more profit. That is the "hope" of a gambler's mind.
28/11/2012 2:51 PM
ledzepp kcchong, MC - now with the slide in Sime, I think you can get CR at 0.015. And kc - I'm looking for a rise of HALF sen, not 5 sen, in my calculation.
28/11/2012 3:01 PM
passerby index being pull down by Sime now
28/11/2012 3:03 PM
kcchongnz ledzepp. yeah ah, can get for 1.5 sen. Just got some. Aiyah I always catch falling knife.
28/11/2012 3:31 PM
passerby you got a lot of money, consider donate it to market :)
28/11/2012 3:34 PM
kcchongnz passerby, donate some more? I have been donating already for this bloody Sime.
28/11/2012 3:34 PM
passerby lol & you are still pumping in ? :)
28/11/2012 3:37 PM
Mat Cendana You are right, it actually went to 0.015! At this price, regardless of the mother's slide, I think I'm going to just jump in and buy.
28/11/2012 3:52 PM
kcchongnz Mat, seems hard to get. Just check my order, only get 1200 shares! Hack i order 2m shares!
28/11/2012 3:56 PM
kcchongnz Oop, one zero more
28/11/2012 3:56 PM
Mat Cendana Now the buyers' lots are building up. I may have been a bit late. But have to stick to this price because I didn't intend to buy earlier. This would qualify as "impulse buying", which I shouldn't be doing. But the price...
28/11/2012 4:00 PM
ledzepp Alamak I'm queuing at 0.01
28/11/2012 4:12 PM
Mat Cendana 0.015 is just too low to ignore given its expiry date of 29/3/13 and the ex price of 9.50 which is very reasonable. At a 5:1 ratio, I'll break even at 9.58. Of course, if Sime goes near that, the CR will be significantly more than 0.015 - 0.04 isn't impossible. Worst-case situation - Sime goes down and remains there. But I think there'll be people willing to take the CR at 0.005. Percentage-wise, the loss would be heavy. But money-wise, I've lost 0.015 before:-)
30/11/2012 10:49 AM
richman sime-cr at 1.5cts is a good buy I will let go at 2cts
30/11/2012 11:46 AM
richman those who the price want to hold I think u will be able to get at least 3 cts the price b4 it fell.
30/11/2012 11:51 AM
richman should see an upside on Monday
30/11/2012 4:19 PM
richman 2 cts is a good buy or a 1/2 ct upside on monday
30/11/2012 4:30 PM
richman I will wait now to sell at 2.5cts
30/11/2012 4:33 PM
richman sime should rebound strong on Monday pulling the CR up.cheers
30/11/2012 4:39 PM
Mat Cendana Regardless of Sime's slide over the past week, I feel CR has gone down too much. Shouldn't have been at 1.5 sen considering it still has 4 months, with the ex price not that far away. If Sime goes on a rebound, plus if the year-end rally materialises, this might turn out to be one of my best buys for this year. The downside risk looks minimal.
30/11/2012 5:27 PM
Mat Cendana Sime has been creeping up quietly ever since the dividend ex date and the price going down below 9.00. Added another 8 sen today but the CR is still at 0.015. 9.20 isn't too far from the ex price of 9.50 which is definitely achievable. Expires 29/3/2013.
12/12/2012 5:19 PM
ledzepp richman- you're rich today
19/12/2012 10:07 AM
richman I am rich if i had helped others too make some gains.In this case i think many did not buy am i right.I was the only promoter with no response from anybody.
19/12/2012 10:43 AM
richman shouls ess more upside coming the mum jumpstart so it shud go higher next stop 9.50
19/12/2012 10:45 AM
ledzepp I was in this earlier, but now I'm scared since the expiry is nearer.
19/12/2012 11:03 AM
richman do not blame you i was scared too all these CW must learn to run fast
19/12/2012 11:11 AM
ledzepp Now I'm casting my net on astro-cd, waiting for the mum to go up. But doesn't look like it. Never know this window dressing may come to astro. Hopefully
19/12/2012 11:16 AM
richman cb better longer expiry but ex price a bit more expensive
19/12/2012 12:15 PM
Mat Cendana Looks like Sime is giving me a year-end bonus after all:-) Now I'm getting a bit greedy too - take it now or wait for more? It's quite near to the ex price, and there's still 3 months to go. On the other hand, have to also remember the saying of "Make hay while the sun shines", and this matter of momentum which @Passerby had mentioned about some months ago must be considered.
19/12/2012 1:18 PM
Mat Cendana Looks like everyone has his preference when it comes to Astro's CWs. I'd choose CE although I don't have it right now. It's forming a new base after the recent rise. I think it might go below 2.90 for a while. That's when the weak holders get discouraged and drop off. Only after this will Astro go on another upswing. When, I don't know.
19/12/2012 1:42 PM
tonylim MC what do u think of bursa cz?
Boleh ka?
19/12/2012 1:44 PM
Mat Cendana Bursa is one of the counters that I've never ever followed in my investing/trading so far. But now that you've mentioned it, I became intrigued and immediately did a quick check of it. For all you know, this might be an opportunity for some profit. I remember Passerby mentioning BAT-CA a few weeks ago when it was at 0.05. I didn't buy, and it went to 0.10!

Bursa-CZ; ex. 6.50; 31/7/13; ratio 4.
Now at 0.04, mother 6.26.

It has been going down and volume is currently low. But you might be on to something here, Tony. The premium is definitely attractive and there's reasonable time to expiry. Of course, it will have to depend on the mother performing, and it's rather quiet. But with CWs, sometimes jumping the gun and getting in early is the way to go rather than chasing. Thanks, Tony - I'm definitely interested.
19/12/2012 2:04 PM
Mat Cendana Just a few weeks ago, everyone had shunned this laggard. Even 0.015 looked `too much'. It's tough to go against the grain and accepted common wisdom when the risk of losing money is very real. But often one has to gather the courage, wait and hope for the best regardless of what everyone else says. Now it's at 0.03 - a 100% increase. Not bad for a one-month trade.
28/12/2012 11:03 AM
Beginner_1 do u think it will moving forward?
28/12/2012 4:49 PM
tomdickharry on the bull. congratulations Mat Cendana, richman & kcchongnz if you are still holding
04/01/2013 11:03 AM
kcchongnz This shows that if a call warrant is sold at a low premium but with very high gearing and reasonable long time to maturity, it is very exciting to punt. Sime Darby may be a quiet stock, not much volatility. But given time, there will be a time when volatility can spike. Then the highly leverage instrument will yield exaggerated return.
04/01/2013 11:20 AM


 

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