Yes, looks like the investors and traders are rejecting the warrants. Scope's fundraising through the warrants looks doomed. Bit it still has 3 years to rsise the funds. likely
Basis of determining and justification for the exercise price of the Warrants The Warrants will be issued at no cost to the Entitled Shareholders. The exercise price of the Warrants has been fixed by the Board at RM0.30 each (“Exercise Price”). The Exercise Price was determined after taking into consideration the following:- (i) the historical price movement of Scope Shares; (ii) the 5-day VWAMP of Scope Shares up to and including 6 September 2021, being the LTD prior to the Announcement of RM0.3146; (iii) prevailing market conditions; and (iv) the future prospects of the Scope Group as set out in Section 6 below. The Exercise Price of the Warrants of RM0.30 represents a discount of approximately 4.6% to the 5- day VWAMP of Scope Shares up to and including the LTD of RM0.3146. Based on the 5-day VWAMP of Scope Shares up to and including the LTD of RM0.3146, the theoretical ex-price of Scope Shares after the Proposed Bonus Issue of Warrants is RM0.3112. The Exercise Price of the Warrants of RM0.30 represents a discount of approximately 3.6% to the theoretical ex-price of Scope Shares after the Proposed Bonus Issue of Warrants. The Exercise Price of the Warrants of RM0.30 represents a discount of 14.7% to the 5-day VWAMP of Scope Shares up to and including the LPD of RM0.3518. Based on the 5-day VWAMP of Scope Shares up to and including the LPD of RM0.3518, the theoretical ex-price of Scope Shares after the Proposed Bonus Issue of Warrants is RM0.3398. The Exercise Price of the Warrants of RM0.30 also represents a discount of approximately 11.7% to the theoretical ex-price of Scope Shares after the Proposed Bonus Issue of Warrants. For information, Scope Share price will be adjusted downwards in the event the Exercise Price of the Warrants is below the market price of Scope Shares on the ex-date of the Proposed Bonus Issue of Warrants.
Too complicated. Will it falls back to 0.20 ex-date of everything????
Thaam69 Basis of determining and justification for the exercise price of the Warrants The Warrants will be issued at no cost to the Entitled Shareholders. The exercise price of the Warrants has been fixed by the Board at RM0.30 each (“Exercise Price”). The Exercise Price was determined after taking into consideration the following:- (i) the historical price movement of Scope Shares;........
my view... expect better incoming qr because previous FY ie better than FY before... FA generally look good... current price reduction due to bonus issue... expect will continue uptrend after bonus issue listed
No, QR will be lackluster than the previous Q as it is expected (factory shut down due to COVID). But trust me, collect more and just hold on it, this is the perfect timing to buy some, because after QR out, it wont drop much as it is expected.
I believe many retailers bot at 39-33 when it retraced from 40++. The right issue price was 17.5 sen if not wrong those that cash out at 44-47 makes a lot . Wasted I didn’t … :-((
Holy cow. Trading revenue is 35.4mil but PBT is 116k only? Like that better tk the money n put in FD. At least can get higher. Operating cash flow is -22mil. Unbelievable....
Pouletroti, the margin of its Trading division seems very low. Manufacturing division was impacted by lockdown. Workers could not work but there were fix costs that they had to pay (ie salary, rental, bank loan) during lockdown. Many companies have similar problem during July-September and their quarterly reports (QR) are bad but next QR should show improvement.
Next QR definitely will be better, goody99 has a very solid read on this company. Trading division margin is low but fret now, reliable sources told me it's gonna be a long term and consistent thing, so it's gonna continue to grow.
pay attention to the warrant, it will be high potential investment, short term & long term
Andy Hall the ghost reeling his ugly head target all manufacturers that suspected of migrant workers exploitation ....ATAIMS last week kena now VS soon many ems counter might be affected.
one thing for sure is, Scope doesnt hire and have no illegal migrant workers for their operation, so the only reason of dropping is because market sentiment and FUD.
Huat AH, supposed to be today all bcoz of the FT mindol declaration we have to wait till next Mon. Anyone got any hint what price will the warrant be listing....??
whats so hype about warrants? let u guys know la..operator alrdy throw mother shares still wanna goreng warrants kah?? sry if i burst ur believes n bubble. lel
willee2 whats so hype about warrants? let u guys know la..operator alrdy throw mother shares still wanna goreng warrants kah?? sry if i burst ur believes n bubble. lel 05/12/2021 8:14 PM
Please remember what you type here. as of today 6/12/2021, operators have yet to exercise their shares. dont ask me how i know. Pay the coming month pay attention to the warrant and the mother, now market sentiment bad because of Andy and Nasdaq.
But mark my words, TP 0.5 on mother is still my call, and i am god damn sure it will hit within 2022-early 2023.
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....
Kon Lim Chai
446 posts
Posted by Kon Lim Chai > 2021-11-24 08:16 | Report Abuse
On 3/12/2021 after 8am.