this morning colllect at 1.86..market bad only glove counter naik...but i would t go to glove counter...continue invest more at jftech...next batch quere buy at 1.80
Today and next Tuesday .. will flush out weak holders , after listing of bonus n warrant on 3/March .. only one way Up Up for JF , couple with the expected Very Good Quarter result .. HUH !
On behalf of the Board of JF Tech, M&A Securities wishes to announce that 692,998,755 Bonus Shares and 461,999,170 Warrants will be listed and quoted on the ACE Market of Bursa Securities with effect from 9.00 a.m. on Wednesday, 3 February 2021.
Usually sell the shares u have then the bonus shares.I do tht all the time.Please ask ur remisier or related how many shares u have.Please do not oversell ur shares(A have 10 lot before bonus,but sell 13 lot).
calculations for JF TECH Listing on 2 Feb 2021: Bonus issue of warrant at 2 warrants for 1 mother share: Mother share price : 1.79 Exercise price of warrant: 1.16 Listing price of mother share on 2 Feb: (1x1.79+2x1.16) divided by 3 - 1.16 =1.37 Listing price of warrant share on 2 Feb: 1.37-1.16 = 0.21 sen
PLEASE SHARE IF THE ABOVE CALCULATION IS NOT CORRECT
hengsame, If I am not wrong, parent price adjustment has already been done on ex-date of 20 Jan. Indicative price for warrant on listing date of 3 Feb will be parent price on 2 Feb minus exercise price. (exercise price=1.16)
yousanlee, this cannot be as the warrant has not been listed on 20 Jan. Since it is to be listed on 2 Feb, then the warrant price has to be adjusted according to mother share price based on the day before listing.
hengsame calculations for JF TECH Listing on 2 Feb 2021: Bonus issue of warrant at 2 warrants for 1 mother share: Mother share price : 1.79 Exercise price of warrant: 1.16 Listing price of mother share on 2 Feb: (1x1.79+2x1.16) divided by 3 =1.37 (sorry correction ) Listing price of warrant share on 2 Feb: 1.37-1.16 = 0.21
PLEASE SHARE IF THE ABOVE CALCULATION IS NOT CORRECT 30/01/2021 7:40 PM
this exercise is bonus shares together with bonus warrants, and both ex on 20 Jan and both will be listing on 3 Feb, I can see that price has already been adjusted on 20 Jan.... are you saying that price adjustment on 20 Jan only for bonus shares?
JFTECH is very similar to Esceram in every way. They proposed bonus and warrants and announced that the shareholders can only sell the bonus and warrants shares on the same day (NOT on ex-date)
Esceram gave bonus 1 for 1 and free warrants 1 for 1 Ex-date for bonus and warrants on 14/10/20 Cum price = 1.38 Theoretical x-all price = 0.525
About a week later Esceram announced the listing date for both bonus and warrants shares on 26/10/20 Esceram warrant exercise price = 0.20 Esceram cum price = 0.715 Theoretical price for warrant = (0.715-0.20) = 0.515 Opening price for warrant = 0.43 highest price for warrant = 0.49 lowest price for warrant = 0.365 closing price for warrant = 0.40
So for JFTECH if it were to closed on 02/02/21 at 1.79 Theoretical price for warrant = (1.79-1.16) = 0.63
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chyeoh1972
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Posted by chyeoh1972 > 2021-01-29 10:11 | Report Abuse
this morning colllect at 1.86..market bad only glove counter naik...but i would t go to glove counter...continue invest more at jftech...next batch quere buy at 1.80