Posted by JT Yeo > 2015-12-05 20:48 | Report Abuse

Investing is similar to gambling, it is called intelligent gambling

Posted by Gainvestor10sai > 2015-12-05 22:28 | Report Abuse

JT Yeo, i like that, intelligent gambling~ haha, but i still prefer investing~ =P

Posted by tony89 > 2015-12-06 02:40 | Report Abuse

With controlled risk.

Posted by jaynetan > 2015-12-06 08:15 | Report Abuse

there are many types of warrants. all with expiring date.
there is on INCORRECT perception that once nearing expiring or expire on a specified date the warrants are burnt.
this is MISLEADING

Posted by Gainvestor10sai > 2015-12-06 12:11 | Report Abuse

sorry jaynetan. I should mention on the company warrants and also structured warrants. Can you share with us the correct perception? Thank you^^ Sharing is caring, my fren.

Posted by jaynetan > 2015-12-06 12:27 | Report Abuse

sorry gainvestor10sai, I might not be right or what you wrote might not be what I understand. I m referring to normal warrants.
They might be expiring soon or expires,lets say on 7/12/15. If they are IN THE MONEY, there is money.

Posted by Gainvestor10sai > 2015-12-06 13:48 | Report Abuse

ya, jaynetan^^ you are correct, i forget to add in the term *IN THE MONEY* or *OUT OF THE MONEY*. I will update and put in the remarks. Thank you for your point^^ i afraid that i might mislead other readers.

Posted by jaynetan > 2015-12-07 07:05 | Report Abuse

good morning gvestor10sai.
u just overlooked.
but u r providing good knowledge without charging.
many so called professionls in the broking line are providing incrorrect or not so professional information on stocks. Lacking of knowledge or upgrading themselves resulting clients still in the dark after many years of trading and losing money in the market.
well, investors or clients are partially to be blamed as a lot of them look ignorant and prefer kopitiam gossips rather than upgrading themselves.

Posted by Gainvestor10sai > 2015-12-07 09:28 | Report Abuse

thank you, my fren.
Writing and sharing takes up a lot of time.
1 week of digging info, sometimes i takut i will mislead the readers... sendiri need to check again the info.
thank you for spotting out my mistakes and pointing out at me.
i am happy to learn from you also^^
have a great day ahead, jaynetan and lets huat~

Posted by jaynetan > 2015-12-13 00:10 | Report Abuse

warrants, not the call warrants or put warrants, infact are very interesting in some cases.
Taking a look at two warrants that expired recently, those who bought on the last day of trading n converted to its mother shares are laughing to the banks

Posted by yapie > 2015-12-13 00:13 | Report Abuse

go to Genting gamble look like low class....
go to KLSE gamble look like very clever and high class...

Posted by LeiJun > 2015-12-13 00:17 | Report Abuse

Jaynetan, how do we go about converting the warrants on the last day? My remisier tells me I should convert 1-2 months prior to expiry.

Posted by LeiJun > 2015-12-13 00:19 | Report Abuse

Is it possible for the company to extend the life of a warrant?

Posted by LeiJun > 2015-12-13 00:28 | Report Abuse

Jaynetan,
Can u pls explain what u mean? What's in the money? say, on 7/12/15 a company warrant ended 0.05, r u saying it's worth 0.05 even if we didn't sell it?

You wrote:
They might be expiring soon or expires,lets say on 7/12/15. If they are IN THE MONEY, there is money.

Posted by LeiJun > 2015-12-13 00:31 | Report Abuse

What's out of money, Jaynetan?

Really hope to learn fr u! Thanks in advance!

Posted by jaynetan > 2015-12-13 00:36 | Report Abuse

hi, leijun, sorry to wake up early in the morning.
it is incorrect to say need to convert 1-2 month before expiry.
last trading day is the final day to trade the warrants. if u are not going to convert or if u think not worth , then sell on or before the last trading day. after the last trading day, you are given about a week to send the conversion fee to the registrar

Posted by CFTrader > 2015-12-13 00:36 | Report Abuse

Gambling in fact, is also a calculated risk if you playing with certain SOP...

There is something call card counting in Blackjack ... although that you will be kicked out from casino if you do so hahahaha

Posted by jaynetan > 2015-12-13 00:40 | Report Abuse

to extend the life of a warrant, needs bursa approval.
previous 10 yrs there were some companies requested to extend the life of their warrants . NONE latest 10 yrs

Posted by jaynetan > 2015-12-13 00:46 | Report Abuse

leijun, there are a few market terms when talking about warrants.
in the money is if u were to convert it to its mother share, there is a premium. it is out of the money if no premium.
last trading 0,05 sen as u said, mean u get 0.05 sen if u sell off.

Posted by jaynetan > 2015-12-13 00:48 | Report Abuse

if u don't sell off, the warrants are going to be delisted after the last conversion date

Posted by LeiJun > 2015-12-13 00:52 | Report Abuse

Hi Jaynetan!
Thanks for replying ! Im not asleep yet!

R u a remisier? I see! In fact my remisier even suggested that I exchange 3 warrants for a mother instead of taking the trouble to convert when the expiry draws near. He says not that he wants to earn commissions fr my transactions (both my selling of warrants and buying of mother), but converting is a very troublesome process! And I've to do it myself?

Posted by jaynetan > Dec 13, 2015 12:36 AM | Report Abuse

hi, leijun, sorry to wake up early in the morning.
it is incorrect to say need to convert 1-2 month before expiry.
last trading day is the final day to trade the warrants. if u are not going to convert or if u think not worth , then sell on or before the last trading day. after the last trading day, you are given about a week to send the conversion fee to the registrar

Posted by LeiJun > 2015-12-13 00:59 | Report Abuse

Jaynetan, sorry I don't understand what u mean by NoNE latest 10 years. I stumbled upon one counter last week that requests bursa extend their warrant. ( I forgot which counter d! Forgot to mark it down!)

Allow me rephrase. Can I write to the company requesting that they extend the life of the warrant? Any disadvantage to the company? And under what circumstance bursa would not approve?

Posted by LeiJun > 2015-12-13 01:02 | Report Abuse

I see! Thanks for your explanation, Jaynetan!

Posted by jaynetan > Dec 13, 2015 12:46 AM | Report Abuse

leijun, there are a few market terms when talking about warrants.
in the money is if u were to convert it to its mother share, there is a premium. it is out of the money if no premium.
last trading 0,05 sen as u said, mean u get 0.05 sen if u sell off.

Posted by LeiJun > 2015-12-13 01:06 | Report Abuse

Last conversion date is 5 working days after last trading day, am I correct? Thanks again!

Posted by jaynetan > Dec 13, 2015 12:48 AM | Report Abuse

if u don't sell off, the warrants are going to be delisted after the last conversion date

Posted by jaynetan > 2015-12-13 01:10 | Report Abuse

more than 10 yrs I haven't come across warrants extension unless I missed out.
sorry, my friend, u and I are nobody.
we have no power or right to ask for extension.

Posted by jaynetan > 2015-12-13 01:13 | Report Abuse

last conversion date is the last day to make payment.The date is stated in the announcement

Posted by LeiJun > 2015-12-13 01:21 | Report Abuse

Oh, if I find that counter again I post it here. But that co merely announced they hv submited it to bursa, pending approval. That's what prompted me to ask if we can request the same . Didn't know a shareholder is so powerless. Huhuhuhuh...

Posted by jaynetan > Dec 13, 2015 01:10 AM | Report Abuse

more than 10 yrs I haven't come across warrants extension unless I missed out.
sorry, my friend, u and I are nobody.
we have no power or right to ask for extension.

Posted by LeiJun > 2015-12-13 01:23 | Report Abuse

Very clear now. Thanks so much, Jaynetan!

Posted by jaynetan > Dec 13, 2015 01:13 AM | Report Abuse

last conversion date is the last day to make payment.The date is stated in the announcement

Posted by LeiJun > 2015-12-13 02:03 | Report Abuse

JayneTan, maybe I saw this one... (or something similar? Really can't remember now...) klse.i3investor.com/servlets/stk/5102wa.jsp
Quote:
scqua323 attended GCB's AGM on 16June 2015; issue of extension of warrant was raised by shareholders. The board agreed to look into this matter,including possibility of new issue to replace the expiring one, if extension is not allowed.
02/12/2015 03:18

Good nite! Thanks for all your replies.

Posted by jaynetan > 2015-12-13 02:14 | Report Abuse

GUAN CHONG BERHAD



Instrument Type
Warrants
Description Warrants issued pursuant to the Free Warrants Issue

Listing Date 21/02/2011
Issue Date 17/02/2011
Issue/ Ask Price
Issue Size Indicator Unit
Issue Size in Unit 59,805,025

Maturity Date 16/02/2016
Revised Maturity Date
Exercise/ Conversion Period
5.00 Year(s)

Revised Exercise/ Conversion Period


Exercise/Strike/Conversion Price MYR 2.0000
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion Ratio 1 Warrant : 1 ordinary share of RM0.25 each
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price Cash

Posted by jaynetan > 2015-12-13 02:16 | Report Abuse

I don't think the company can make it as requested by shareholders