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Overview
Financial Highlight
HeadlinesBusiness Background Sarawak Consolidated Industries Bhd manufactures and sells precast concrete, pipes, prestressed spun concrete piles and other related concrete products. It is also engaged in property dealing and trading, and installation of industrialized building system. The company’s business segments are manufacturing, property trading, and construction segment.
  gchenh93 @Pamyeoh88 share the announcement please. If nobody converts the warrants to mother what price adjusted is there? 22/01/2021 12:45 PM wishyouallthebest According to the daily technical highlight stated that - Interestingly, the group is issuing 1 free warrant for every 2 existing shares held with the last day of lodgment scheduled on 3 rd Feb 2021. Take note that the warrants (with an exercise price of RM1.77) are already in the money. Anyone can explain it claimed that it is in the money? @ Ally,please. 22/01/2021 12:59 PM kfliau Converting warrent into mother Only results in share dilution. What adjustment? Anyway, once warrent Is listed, the warrent price plus 1.77 Divide by the mother price will give you the premium. For newly listed warrent, the premium Is usually 30 to 40%. Anything higher you can expect adjustment in terms of either warrent price coming down or mother price going up. Your guess is as good as mine 22/01/2021 1:03 PM kfliau In the money means the mother price is already above 1.77 However, it has not taken into account of the warent price. If After adding warrent price to 1.77 becomes higher than mother price, it's called out of money or having premium 22/01/2021 1:05 PM treasure_hunter If scib mother traded at RM2.1 the day before ex date, upon ex date, scib mother will be adjusted to RM1.99 If upon listing of scib warrant, scib mother remain RM1.99, with 30% premium, scib wa will be traded at RM0.81 22/01/2021 1:13 PM kfliau Most welcome wishyouallthe best. We want everyone here to make good money. Cheers 22/01/2021 1:14 PM treasure_hunter For mother ex price upon warrant ex date calculation, maybe refer to this https://www.google.com/url?sa=t&source=web&rct=j&url=http://taadress.ta.com.my/Circular/G%25200011%2520of%25202016%2520Guidelines%2520Reference%2520Price%2520Calculation_Corporate%2520Action_New%2520Listing.pdf&ved=2ahUKEwjp5pKE5K7uAhWxFLcAHadSBpUQFjAAegQIARAB&usg=AOvVaw0g_DkHT4WOTqWh-6x2I6lX 22/01/2021 1:15 PM ongmari if close at 2.5 be x date, the warrant will be 2.5 - 1.77 add 10 to 20 %, maybe at RM 90Cents 22/01/2021 1:15 PM kfliau Thanks treasure_hunter for this invaluable information which I think even many remisiers don't know and clear the air here 22/01/2021 1:39 PM wishyouallthebest @treasure_hunter.According to your assumption, if wa scib is traded at 0.81.we who get the warrant free at 2/2/2021 ,If we sell the free wa, we will earn 0.81/warrant nett? 22/01/2021 1:44 PM  Ally Yee Min Ong There are two scenarios for warrant. If the exercise price of the warrant is higher than the market price of the mother share, then there will be no adjustment to the price of the mother share on the ex-date. However, if the exercise price for the warrant is lower than the current price of the mother share, then the price adjustment for the warrant on the mother share will be treated similar to a Rights Issue. Notice that the exercise price of the warrant is at a discount to the current mother share price. Thus, in this case, in the calculation of adjustment price, the warrant has to be taken into consideration. AP =( CP × U ) + ( B × ExP )/U + B Legend: AP = Adjusted Price (RM) CP = Closing Price = Closing Price (RM) pre ex date B = Bonus Warrant (unit) U = Holding of existing share (unit) ExP = Exercise Price of Warrant For illustration only. If mother share closing price pre exdate was RM2.10 Mother share price will be adjusted to RM1.99 If mother share closing price pre exdate was RM2.20 Mother share price will be adjusted to RM2.055 If mother share closing price pre exdate was RM2.50 Mother share price will be adjusted to RM2.25 22/01/2021 2:11 PM Ally Yee Min Ong For illustration only. If mother share closing price pre warrant listing date was RM2.10 Warrant could possible trade above 75sen.( base on 20% premium) If mother share closing price pre warrant listing date was RM2.20 Warrant could possible trade above 87sen.( base on 20% premium) If mother share closing price pre warrant listing date was RM2.50 Warrant could possible trade above RM1.23.( base on 20% premium) 22/01/2021 2:18 PM weimun88 Yes ally, good QR next month and possible more contracts to be announced. The warrants are giving out in a very good timing. 22/01/2021 2:41 PM anthonytkh Haha, last time Ally keep saying no price adjustment. Now she’s done some further study :) Thanks anyway for all your really useful inputs, Ally! 22/01/2021 3:52 PM anthonytkh Remember a few things : 1) Current mother share price vs warrant exercise price of 1.77 2) Exercising warrants = new shares will be issued 3) Total number of outstanding shares These will affect price adjustment of mother share price when warrants are exercised 22/01/2021 3:54 PM HamsterHuat So...really have to do adjustment after all.. i am still learning. Thanks for sharing to everyone who pitch in. 22/01/2021 3:54 PM anthonytkh And like I said before, why exercise your FREE warrant if you believe in SCIB? Mother price now 2.10 and my TP in 3 years’ time is north of RM4.00 But, gosh, hope I’m still alive in 3 years’ time! :) 22/01/2021 3:56 PM wishyouallthebest Hi, Ally. Take this as example, If mother share closing price pre warrant listing date was RM2.50 Warrant could possible trade above RM1.23.( base on 20% premium) We have free warrant, that means we earn RM1.23 nett? With zero cost since we get the warrant free? Thanks in advance. 22/01/2021 3:57 PM anthonytkh Investopedia is your best friend : https://www.investopedia.com/ask/answers/how-to-exercise-stock-warrants/ 22/01/2021 4:00 PM Hopeful Fc78020, yes mother price will be adjusted but "your loss" will be compensated in the Reference Price ( Opening Price) of the warrants at 9.00am on Monday. Using the RM2.10 example as the price on last day (Cum Entitlement Price), theoretical ex-price is RM1.99 RM( 2.10 x 2) + RM 1.77 = RM 5.97 On Monday, mother price will be RM 1.99 Reference price for warrant = RM 1.99 - RM 1.77 = RM 0.22 To verify : RM (1.99 x 2) + RM 1.77 + RM 0.22 = RM 5.97 If warrants limit up on Monday, then it will go to RM 0.52. All calculations, purely my best agak-agak only. Good luck to all holders. 22/01/2021 4:03 PM wishyouallthebest @anthonytkh, thank you very much. It must be very useful information for me to learn.Let me go through later,thanks a lot. 22/01/2021 4:05 PM anthonytkh I was unfamiliar with counter. I day/contra traded for nice profits. And then I bought for keeps. Will not sell. Will become like a shark now and buy more/average up more when closer and closer to end of this month Do NOT miss the boat. This is a sure thing 22/01/2021 4:44 PM anthonytkh I know some folks correlate this counter with other Karim counters. Serbadk depends on oil price movement and especially on Petronas. Kpower taking a breather, profit taking and split adjustment Scib and Kpower price followed each other until Kpower retraced due to profit taking. Do not pay attention to Kpower vis-a-vis Scib. Just trust Scib, buy, get the free warrants and then either sell or trade your free warrants 22/01/2021 4:49 PM HamsterHuat well said @anthonytkh SCIB next week might surge high due to Warrant demand.... Whoever sell....thank you very much. i will buy more to average down because of Warrant 22/01/2021 5:02 PM anthonytkh Hamster... it’s called average UP, not average down :) Making and confident = average up. Losing and hope not to lose more and then gamble more = average down 22/01/2021 5:18 PM anthonytkh Re a post by kfliau that he/she commended kfliau, yes, remisiers either don’t know everything or just plain forgot My remisier (yes, I must hv one... I need one) has 30 years experience. I asked him what’s the LU for a new listing/IPO and he had to check :) Fyi new listing/IPO, FIRST DAY of trading is 400% or 30cts (whichever higher) for limit up. Depends on IPO price but al ost certainly 400% applies. Limit down works the same way 22/01/2021 5:52 PM  Sslee SCIB with PPE of only 24 million able to take on project of billion? Someone must be a superman. 22/01/2021 6:44 PM HamsterHuat @anthonytkh Sorry sorry bro... Yes..it should be average up. i will be average up next week for sure. 22/01/2021 7:04 PM  Yu_and_Mee Looking at chart, if no manipulation, SCIB may not have price shooting up on next week. SCIB needs to goes back to gravity first. Patient will be rewarded. 22/01/2021 8:14 PM HamsterHuat @Yu_and_Mee i believe in sentiment on Warrant entitlement which "manipulate" the share to trade higher. FOMO could be in play next week. 22/01/2021 9:03 PM WeLoveSarawak look at the timeline starting next Monday : 5 trading days left until ex-date (2/2/2021)... 28/1 and 1/2 Bursa will be closed for PH... 12/2 Chinese New Year... 16/2 listing for Warrant... 26/2 Announcement for Q4 results (will be HUGE!!!) 22/01/2021 10:11 PM kfliau Any insight on the uocom8ng quarterly result? Why is it expected to be excellent? 22/01/2021 10:29 PM warrantKing Posted by kfliau > Jan 22, 2021 10:29 PM | Report Abuse Any insight on the uocom8ng quarterly result? Why is it expected to be excellent? ------------------ Because SERBAKD 's contract is kicking in on OCT 2020, as per annoucement. 22/01/2021 10:36 PM  |
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