Conversion of Trive WB Exercise Ratio 1:1 Exercise value 0.10 sens (eg Buy Trive WB @ 0.05sens. Pay 0.10 sens to convert. Cost price O.15sens.) Present price 0.24
@rosetan - yeah, not wanting to count chickens b4 they are hatched (bad luck), but my cost is 14 sen n I have 400 lots. That's the best trade I've ever done so far. And it's becoz of your advice n encouraging ppl to convert. Let's hope Trive mother does not go down much after 27/10 announcement. Thanks again and again @rosetan!
After the bonus issue, WB also entitle to free warrant same ratio as mother share and exercise price will adjust from RM0.10 to RM0.09 (est) accordingly
I also bought another 200 lots @5.5 sen this morning with a mind to convert. The premium is too good to pass up. Will see how things go in the next 2-3 days b4 it's T-3 for it.
Conversion of WB - probably no risk and high profit. Why don't want to convert? Based on today's prices (24 sen and 6 sen), 8 sen difference if convert and sell! 50% profit! Will the price drop to 16 sen in the next 8 trading days? Even so, you will lose the commissions only! How much will you earn if the price goes up to 30 sen? Where to find another warrant like this?
If you want to convert, convert early so that you have the shares with you to sell when there is a sudden surge. I expect a surge when the ex-date is announced.
Anybody is expert on warrant conversion here? Pls advise - Suppose I apply thru nominees on Monday to convert, and the ex-date is announced while the conversion is going on, and my mother shares haven't been banked into my share account yet by the ex-date, will I be still entitled to free/bonus warrants?
rosetan of course I know. I said I wanna convert. But did you read what I said? I just bought in today. checked with remiser earliest can submit instruction to Registrat on next Thursday only
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....
Crazy11223
825 posts
Posted by Crazy11223 > 2017-10-20 09:27 | Report Abuse
Buy Trive, mother 0.30, son 0.08