in fact if you know ppl from IB, they would tell you that call warrants is their cash cow. They always make certain profit from call warrants. As for Kenanga, call warrants is their main business income. If you noticed in Bursa, Kenanga can be considered the top IB to issue the high amount of call warrants.
Kelvin12, now Kenanga has 50 millions warrant share to play with. With additional 50 million shares on hand, can they control and manipulate the price as they like?
ce0808, your calculation is incorrect. My rough calculation was that the warrants would be adjusted around 15%-18%. Exercise price after adjustment could range from 1.47 to 1.53. exercise ratio would be adjusted around 1:1.27 to 1:1.23. These are only rough calculation and subject to the RI pricing and offer.
Coming soon qua.. Base on latest closing price RM1.2, it's 17% discount if the issue price is RM1, means the conversion price adjustment for mrcb-c15 is 17%, which is RM1.5?
Only cheating company need RI. Avoid better from losing our hard earned money.
ce0808 Coming soon qua.. Base on latest closing price RM1.2, it's 17% discount if the issue price is RM1, means the conversion price adjustment for mrcb-c15 is 17%, which is RM1.5? 27/08/2017 17:46
Cheated, sorry for your experience been cheated.. The last time I subscribed dnex was quite profitable, RM0.21 issue price now RM0.50, free warrant now RM0.235, the warrant itself already more then initial issue price hahaha
C-15, you can try your luck if you can get around 0.01 - 0.015 for the next 2 months. If you buy 50 of it, you only be paying around RM500-RM750. The loss wont be great even if the warrant becomes toilet paper in end Nov.
As expected result worse than last year quarter from the price trend. But now it show it is a turning point as this quarter result is better than last quarter. Cheers!!
MRCB: 2Q revenue almost doubles on stronger engineering and construction contribution. Malaysian Resources Corp’s revenue almost doubled to RM756.5m in its 2QFY17 from RM389.2m a year ago, thanks mainly to improved engineering and construction contribution. Its engineering, construction and environment revenue jumped 4.5 times to RM467.7m from RM103.5m. Topline from property development and investment also grew 9%. Quarterly net profit, however, nearly halved YoY to RM23.4m from RM45.5m, as the year ago period had booked a disposal gain. (The Edge)
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....
AdCool
3,861 posts
Posted by AdCool > 2017-08-24 15:54 | Report Abuse
in fact if you know ppl from IB, they would tell you that call warrants is their cash cow. They always make certain profit from call warrants. As for Kenanga, call warrants is their main business income. If you noticed in Bursa, Kenanga can be considered the top IB to issue the high amount of call warrants.