BORNOIL (7036) - Great Right issue Deal - Buy 1 Get 6 Right at 10cent, Free 1 warract C for Buy 2 Right 6 : 1 at 10sen (1WC : 2RI) Example: A ------------------------------------------------------------------------------ If buy at RM 0.60 and Ex-date price at RM 0.60 Holding now 1000X0.60=RM 600 Pay for all RI 6000X0.10=RM 600 Total cost = RM1200.00 Total holding 7000 unit at Average RM 0.17+cent With FREE 3000 Warrant C (potentially worth 0.05-0.10) = RM 150-300 Based on free warrant return RM 150-300/ RM 1200 (cost) = 12.5%-25% ------------------------------------------------------------------------------- Example: B if ex-date price = rm1.00 RM 1.0 x 1000 = RM 1000 Pay for all RI = RM 600 Total cost = RM 1600.00 Total holding 7000 unit at Avg price RM 0.23+cent With FREE 3000 Warrant C (potentially worth 0.05-0.10) = RM 150-300 Based on free warrant return RM 150-300/ RM 1600 (cost) = 9.375%-18.75% --------------------------------------------------------------------------------- Warrant C exercise price 0.10. After Ex-date: Example A: Mother 0.17, warrant c price at least 0.07 ! Example B: Mother 0.23 , warrant c price at least 0.13 !
last friday show some action, big clearing at 0.61-0.615. might go higher i guess. if not familiar with right issue, can let go when price go up. if want to subscribe then hold till ex..
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Posted by Logic Trading Analysis > 2015-09-24 08:41 | Report Abuse
I think so, at least got right issue deal to protect from go lower. get the free warrant and confirm it will fried up at first day