Asiabio warrant A The profile of the warrants is as below:
Maturity Date: Mar 19, 2024 Exercise Price: MYR 0.10
The warrants still has a very long expiry date of more than eight and a half years, and hence a good time value on top of its intrinsic value. On 30th January 2015, Asiabio closed at 26 sen and the warrant at 7 sen. This means the warrant has an intrinsic value of 16 sen. It was hence traded at a huge discount of 9 sen,or a whopping 50% discount, not including the huge time value it is supposed to have!!!!
Punters who thought they had found a free lunch scrambled to mope up the warrants at 7 sen and sent for conversion at 10 sen and hoped to make the 35% arbitraged profit. Alas, two weeks later before the converted scripts came back, the underlying share closed at 12 sen. They have to hug on the converted share with a 5 sen loss. Those who did not convert also faced heavy losses with the warrant price traded at just 5 sen, down 30% from the price they bought two weeks ago.
Posted by johnny cash > Aug 8, 2015 02:57 PM | Report Abuse Why suddenly today you are talking about ASDION, KCCHONG? Why not few weeks ago?
Posted by Frankiechow > Aug 8, 2015 03:05 PM | Report Abuse It looks like KCChongnz is taking a cheap shot on Asdion or Paperplane. Why didn't he say anything few weeks back before Asdion took a dip along with the rest of counters in klse? Is he trying to divert from VS which he was completely wrong?
I started my article with my response to paperplane when he asked me something about arbitrage. And that was three weeks ago. And I said my conversation with "my e-friend". What is wrong to discuss any stock in i3investor, whether now or a few weeks ago?
The Chow fellow, what do you mean by a "cheap shot"? The Chow fellow, can't you read and understand simple English? The Chow fellow, where was I "completely wrong on V.S?" The Chow fellow, we can talk about, and discuss intelligently about V.S any time as you wish. Do I need to divert anything from V.S?
Wow! I take kcchong comments positively. Indeed Asdion wb a high risk speculation! Thts whyit is arbitrage tht time , but of course I calculated safety with 30% which wide. I have the risk appetite to take it, so I ripe the profit! You see once I convert I sell directly fast! I know you can't hold long also. The only reason is arbitrage loh.
Successful investment is calculated risk control plus a bit luck! Don't look into only EPs, book strength only! Investment is an art! 100% to 300% growth EPs is nothing! Sustainable is key!
Good day to you. I am totally lost.... I googled HUMPTY DUMBTY SAT ON A WALL then only I know it is a song............. So naughty of you........ Actually I have no childhood so really never learn any kid songs.
Regarding to the VS, really no kidding. No harm to review it again(provided that if you think it can bring value to reader). ANyway, sorry for inconvenience caused. I love to read FA analysis in detailed analysis.
Wishing u a productive week ahead.
kcchongnz Posted by duitKWSPkita > Aug 7, 2015 04:34 PM | Report Abuse
I have feeling another 25 years my English also cant as good as urs. KC CHONG, I love FA so I never miss all your FA write up.
DUIT, ARE YOU KIDDING? I ONLY STARTED TO LEARN "HUMPTY DUMBTY SAT ON A WALL" WHEN I WAS 13 YEARS OLD!
KC CHONG, may I request if possible to re-analyze VS's financial performance on next QR report. I like to learn should they have certain improvement in facts and figures after the expansion. No doubt CIMB presents an attractive TP of RM7.10(almost similar with KYY's) but no harm to do an analysis before & after business growth.
DUIT, ARE YOU KIDDING AGAIN? THE PERSON WHO KNOWS V.S IS THE ONE MENTIONED IN YOUR POST HERE. NOT ME. I AM JUST UNINFORMED CRITIC.
Good day to you. I am totally lost.... I googled HUMPTY DUMBTY SAT ON A WALL then only I know it is a song............. So naughty of you........ Actually I have no childhood so really never learn any kid songs.
Regarding to the VS, really no kidding. No harm to review it again(provided that if you think it can bring value to reader). ANyway, sorry for inconvenience caused. I love to read FA analysis in detailed analysis.
Wishing u a productive week ahead.
Duit, As requested, I have written something about VS. I do wish to bring value to readers and shareholders of VS. Unfortunately every time I write about it, it brings anger among many readers. I can't understand why. Must I only write good thing and in line with their thinking, and not something which is different from they believe?
No worries..... As long as we do not perform "bad" thing on any personal interest then should be fine rite? I ever wrote about SELL CALL on stocks before and also kena like hell........ Readers will understand our intention one day. Then they will share our concern too. Everyone has their appetite no matter high fats, calories or energy contents.
I read you deliver sincere sharing always so no matter CAINTEK or KURANG CANTEK(not favorable) analysis also become a great reference for me.
Terima kasih banyak banyak....... I love FA so I wont miss your FA analysis.
Posted by kcchongnz > Aug 10, 2015 01:39 PM | Report Abuse
Duit, As requested, I have written something about VS. I do wish to bring value to readers and shareholders of VS. Unfortunately every time I write about it, it brings anger among many readers. I can't understand why. Must I only write good thing and in line with their thinking, and not something which is different from they believe?
Wow, within one month Asdion has dropped by a whopping 50% from RM1.50 to just 74 sen today. Those who saw Asdion Wb as a big fat frog then would be shocked with its share price dropped by 44% during the same period.
As the frog was so fat and big, I am not surprised there are punters who have borrowed money to buy Asdion Wb and hoped for the big kill.
What if one has borrowed 50% of capital to punt big in this stock? Within one month, he loses all his capital.
Bursa is really one of the most treacherous place to be if you know nothing about the language of the business and the dangerous traps in the market place.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
paperplane2
3,235 posts
Posted by paperplane2 > 2015-08-07 18:56 | Report Abuse
Tms to me worst.....