In my opinion, the Warrants should be worth

RM4.79 (Gamuda closing price) x min 10% premium - RM4.05 (Exercise Price)
= RM1.22

Since it closed at RM1.03, the upside is around 18% with minimum downside. Of course it all depends on where the mother shares goes :)

This warrant is worth with a modest premium of 10%:

4.70 (Gamuda mother price) x 1.1 (10% premium) - Exercise Price 4.05 = 1.12

Current Warrant Price = 0.97 implying an upside of 15% with limited downside

Assumption here is Gamuda mother remains unchanged.

However KLCI seems to be bullish, Gamuda mother is trading above most moving averages + hopefully Gamuda can win a few contracts from the MRT Line 2.

Any idea what is the liquidation price/value as I can’t find it in their annual report?

Shouldn’t it be:

IPO price of 75 sen x 90% cash kept in trust account + interest of say 3% pa x 3 years
= approx RM0.7357 per share

With closing price at RM0.695, Return is approx 5.8% pa in say 6 months

Worth buying guys ??

Assuming a modest premium of 10%, the warrants should be worth =

4.65 (Gamuda closing price) x 1.1 (10% premium) - Exercise Price 4.05 = 1.065 (current price 0.90)

Still got plenty of room to go up. Buy Buy Buy !!