Maybank IB research raised the TP to 2.55 for BIMB from 2.40.

Good Morning all, i would like to seek your expertise on the calculation of CB payment (once expired). Let say the average price for mother share of 5 days prior to the expiry date of CB is RM2.50. The payment = (2.5 - 2.08)/4 + charges (since the charges is not much & for ease of calculation, so exclude this item). Then it should be 0.105, is this means that as long as the cost for CB is less than 0.105 and the mother shares = or > RM2.50, then there should be a gain in CB, am i right? Thanks.

I am new to CB and knowing that the expiry date for BIMB-CB is in May 2012, if the mother not move up much by then, what will happen to CB? Thanks.

Just for sharing, i received this from a friend (email dated 18 August 2011) which as at today almost 180 days.