if mother close 7, af bonus mother become 1.75 warranrt exe price is 1.16 warrant price will be 1.75-1.16=0.59 or more depending on the premium market willing to pay.
Tq @Miracles for the article. Doesnt matter for me what ever mother price adjusted tomorrow, just wait n see. most important I entitled free warrant on 3rd
@happyhigher, will share later. I believe JFTech is very similar to ESCERAM in the way that the bonus and warrants are only permitted to be disposed on the same date (3rd February). Anyway for ESCERAM I sold a few of my bonus shares one day earlier before listing date thus got a slightly higher price.
ITS ok ...we must proud of ourselves we've being in this jftech journey until today. Hopefully after exdate tomorrow, jftech mother will strongly shooting up to RM2 like KPOWER and SCIB
We made it ! We made it ! Wait for our warrant lt will be listed on 3rd Feb. I can smell money already hahaha just joking everyone
My understanding is very simplistic, correct me friends if somewhere not right: 1. Post bonus issue, price will adjust to: RM1.6975 2. Post warrants issue, price will adjust further down to: RM1.5183 (assuming full exercise of all warrants, which may depend on warrant holders view of the future- anyway, tomorrow it's already in the money, so traders can easily exit)
Further information: Expiry Date : The market day falling immediately before the 5th anniversary of the Issue Date and if such date is not a market day, then it shall be the market day immediately preceding the said non-market day (“Expiry Date”)
Exercise Period : The Warrants may be exercised at any time after the Issue Date up to 5:00 p.m. on the Expiry Date. Any Warrants not exercised during the exercise period will thereafter lapse and cease to be valid (“Exercise Period”)
[Information from Circular and Bursa releases. TQ]
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Miracles
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Posted by Miracles > 2021-01-19 13:42 | Report Abuse
Can someone please enlighten me how to take warrants into calculation for the adjusted price?