bursaking, you can convert straightaway. I don't know why your remisier says have to wait until next Thursday. mine is not a nominee account. My remisier says can convert straightaway and I have done it before.
yokemui, if your shares are credited to your account after the ENTITLEMENT date, you will not get the bonus. On top of that, the share price will be adjusted on the ex-date.
The disclosure only mentions bonus shares (423M) and the adjusted conversion price of 9 sen. There is no mention at all of bonus warrants for warrant holder. Can someone ascertain this cos we will lose out if there is no bonus warrants for wb holders.
yokemui, I don't know ... my remisier says can and I have done it. I called up the Registrar today, I was told that I will be getting my shares early next week. No problem. WB not even deducted yet from my account.
possible or not if those at earlier stage ald convert the wb to mother, then, now push up mother and let go??? wb 0.04+0.10 =0.140, sold at 0.240-0.245 profit 0.10 per share....
ChloeTai, you are a lifesaver, thank you! Maybe I shud change my remisier to yours and Rosetan's cos mine is not much help when I need it. Pls let me have your remisiers' names n securities firms??? Many thanks!
hmmmm.... why is there a lot of discussion on whether warrant holders will be compensated or not... Let me clarify, warrant will be adjusted accordingly... Pls go and read the announcement dated 12 oct 2017 @ bursa website to know more on this. Are u guys all really investors who know their shit or not? http://www.bursamalaysia.com/market/listed-companies/company-announcements/5570217
@Haziq N : why r u upset or even concerned if there r some ppl here who r not so informed about warrants or conversion? We r asking n addressing legit concerns of ours here. If u cannot or will not help, like rosetan n chloeTai have helped, then pls keep your s@#^ comments to yourself. We don't need 'investors' like you here. We don't use bad language. We don't insult others. Btw FYI I can and have read THAT disclosure/announcement over and over and found no mention of bonus warrants on any basis or ratio. Have YOU read it over and over yourself b4 you put out your comments here? Btw also what exactly have you 'clarified' for us here? 'Adjusted accordingly' means what? Means conversion price adjusted, not bonus warrants given. Don't talk like you know so much! Btw I don't invest for a living. I have a regular job to do that. Yeah, so I play n trade stocks and don't know much. What's wrong with that? I'm not trading with your money, am I?
Thank you, Azman Ramli. Ppl shud think about what they write b4 they post comments in a public forum. Some ppl talk nonsense like doing this and that (drink and womanise) with the profits they made. That's offensive. Others are rude or disparaging. That's offensive. Keep the forum related to stocks, stocks news and announcements, opinions on stock price direction, market sentiment etc. That will be helpful. We all want to make profits and keep getting better at this. Share, teach, guide and educate, that's good karma for yourself.
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Effendy Tay - Thanks, I didn't see that till u said it. Just hope it translates into positive upside for Trive, not a sell-on-news profit taking. Yeah, deMusangking, many ppl converting in order profit from the steep discount to mother. I'm also wondering if this is sustainable or have negative effects on Trive price. My 2 cents is the company is happy to take our conversion payment to add to its operating budget. That's why this discount has gone on for so long.
@rosetan - can u provide the contact no. of the registrar to call regarding the conversion, return or mother shares? I have many questions about this process n want to call the registrar Monday morning. Thanks!
yokemui, Securities Services (Holdings) Sdn Bhd, 03-2084 9000. The lady in charge of Trive conversion is very friendly and helpful. Your conversion may be under Maybank's name since yours is a nominee account.
It's look alike Dnex long ago when the mother share is around 0.24 while son 0.065. And then see price both mother n son. Just follow the trend n have a holding power
deMusangking, if you read the company announcement, you will find that so far very little of WB had been converted, not "many ppl converting". I am not at all worried whether many people converting WB or not. The bonus issue will surely boost the share price in the near term. If there are more positive news about the company, the price will go up further. I am sure the company wants people to convert the warrants so that they get the money. Maybe this is one of the reasons why WB is not moving. Just my guess. Also, WB was a free warrant for the original holders. Many of them may want to sell to get a quick gain. Hence, WB difficult to rise in price. Again my guess only. Not everybody wants to convert because it involves money and they may be concerned about price fluctuations in the process of converting.
TANCS789, sorry to disagree with you, I don't think WB will fly unless some syndicate wants to goreng WB. The price difference between the mother share and WB conversion is getting wider and wider. I bought WB at 4 sen when mother share was around 15.5 sen. So 14 sen vs 15.5 sen. Now WB 6 sen. So 16 sen vs 24.5 sen. WB is NOT moving in tandem with the mother share in spite of high volume transacted every day.
rosetan, TQ for ur input. Yes, I have not seen the Trive conversion form. Your views on the conversion and its risks are spot-on. When I call up that Securities company, can I ask that lady specifically pertaining to my own application? Just like u did and the lady cud even tell you when u are getting back ur mother shares. I'd like that reassurance cos now I only deal with the nominee dept and they cud screw up.
genius, DNEX is different. Conversion of warrant costs 50 sen which is higher than mother share price. Other factors are involved with the price movement of DNEX and WD. No one will convert WD. WD is well overvalued all the time!
rosetan u r right, I remember as far back as 5-6 yrs ago, I scoured the papers for warrants that r in the money n couldn't find any. It was zero then and am sure it's no different today. That explains why we cannot understand Trive WB status when the discount is so good and ppl don't know how to react or to handle it.
Yokemui, i think your conversion of wb is made by Maybank in the name of Maybank. You did not sign any conversion form. I am afraid when you call up, they don't have any record of your conversion. My application is in my own name and the person in charge could easily trace it.
rosetan - I'll give it a shot n ask in the name of Maybank nominees. I'm quite sure not many r converting like me. My check was for 400 lots in one go n there won't be many like that. Any info or news is still better than none. Thanks.
yokemui, relax ... i don't think there is anything to worry about. Maybank won't mess it up for you. Just check your portfolio after 8 or 9 trading days. If it is not there, call Maybank.
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bursaking
111 posts
Posted by bursaking > 2017-10-20 16:07 | Report Abuse
and yup. I can only apply thru nominee earliest on next Thursday only