there won't be downward adjustment on ex-date but those who buy the mother shares for warrant, will throw the mother shares on ex-date as the warrant will credited into their cds account on 7/11/13
the indicative price of the warrant is RM0.12 and will definitely be higher when listed in mid-Nov if the mother share is above ex-price 1.10. For every 4,000 shares get RM0.12 or more, equivalent to 3-4 sen 'dividend' per 1,000 share
nope. there's unbilled sales of RM500m, subsequent quarterly results will be better. ennd of the year and next year will launch Star Residence (GDV 1.8 billion), Signal Hill in KK (GDV 500m), Mont Kiara project (GDV 250m) PLUS the Wharf Retail Mall (still under construction) will provide recurring income
tiekyu, u can request a form from yr broker to complete plus buy a bank draft of RM1,100(ex-price 1.10) for 1,000 shares. however it is not advisable to exercise the warrant as u can buy from the market cheaper. for example if the warrant price is 0.12+ex-price 1.10= 1.22 and the mother share is below 1.20, it's much cheaper to buy the mother share. ppl usually exercise warrant near expiry PLUS to note that warrant increase substantially faster than mother share
tiekyu, u don't need to pay 0.12, but just bear in mind if u exercise the warrant, you will lose the warrant potiential to fly. i am going to grab some warrants on mid nov if it is trading 10-12 sen but highly unlikely
so means, total shareholder will get if hold thru all the ex dates is: 0.03 cash dividend, 1:20 treasury share dist dividend, and the 1:4 bonus warrants ? Am i right ?
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sephiroth
14,145 posts
Posted by sephiroth > 2013-10-18 12:17 | Report Abuse
no worries, everybody love free warrants, will rise few days b4 exdate