hi smartly : do you know how to see this warrants details :
Name Type Listing Date Maturity Date Exercise Price Warrant Price Ratio Premium Gearing MBSB-WA Warrants 07/06/2011 31/05/2016 1.00 0.55 1:1 0.05 (3.33%) 2.727
why is warrant Exercise Price only rm1. can explain abit please
i think this warrant was determined way back in 2011 when they have RI for mbsb. free warrant with RI during then. this warrant expiring 31/05/2016, 5 more months to go. if you anticipate mbsb to go higher this warrant could be the cheaper alternative for leveraging...
last week's the edge weekly says "according to sources" the debate now is on which party will be major shareholder post-merger. Logically should be EPF since MBSB is the larger partner, but apparently DRB-Hicom wants to be the major player. Also it seems talks haven't continued in 2016 yet bcos apparently their request to extend the negotiation time has not been formally approved yet - though they don't foresee problems in getting the extension.
All in, seems like won't have much progress before the CNY hols...
should be good to buy now because DRB running out of options, they have to pare down their stake in Muamalat by this year latest - therefore this is their last chance already
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....
wahlauerr
15 posts
Posted by wahlauerr > 2016-01-03 22:41 | Report Abuse
EPF major shareholders, it should go north soon!