Some Group wants to be major share holder by getting 45mil warrants, more than 5% enlarged total shares? If so, will this groups be willing to pay more that 2.30+0.305=2.605 per share? If so, then wait until tomorrow before selling your precious warrants! For me, i just take the risk and wait until tomorrow......
My calculation: 0.3x=174mil warrants, so total mother shares now x=580mil, so enlarged share base (assuming full subscription)=580+174=754mil, so 45mil is 6%. Please check...might have missed some details.
If someone wants to be major shareholders he can just buy the mother share at RM1.96c instead and queue buy the warrant at 0.5c. Can someone help to explain this?
If the mother share is RM3.60 now the warrant should be trading at around RM1.30 instead. What puzzling is that why someone queuing to buy warrant at 30.5c instead of 0.5c now.
If someone starts to buy 45mil mother shares from open market, will it not drive the price up to more than 2.60? Yesterday, total trade volume about 4 mil only. Today the selling queue from 1.96 to 1.98 only .3 mil....Ya wonder if the group can just negotiate with comfort directly.... I really don't know enough!
I have an explanation. Someone with that much buying power to buy that much warrants, definitely has a plan to buy it, then pump the mother share, then make money on warrants alot. It's smart
Here is a cool idea for u. Sell your warrents now, then buy mother share. Ex dividend date is on 8 july. So u buy mother share before the 8, u will get dividend
But I can say one thing based on the volume of WB. Alot of share holders are very bullish on the stock. Almost no short term holders, that dump the WB. I see zero sellers on the order book now. It's crazy
If IB holding the stock, they sure already will realize the profits from WB immediately. Which also tells me that we are at ground zero right now already. Best time to accumulate before IB come back
Brusacasino Your calculation has an error because you get 3 warrants for 10 share, so it's 2.16-.305*3/10=2.0685,yup still lose money if you bought at 2.16
If I am not wrong warrant can be converted to mother share starting from today but you need to pay additional RM2.30. After 2026 expiry date the warrant will be worthless.
Only when the stock goes up and the WB in the money... than can exercise yes? If it expires below 2.3 in 2026, it is toilet paper. Correct me if I am wrong.
A- A+ 2127WB COMFORT-WB, COMFORT GLOVES BERHAD - WARRANTS 2021/20 Profile for Securities of PLc 5 Jul 2021, 07:00 Profile for Securities of PLC Instrument Category : Securities of PLC Instrument Type : Warrants Description : COMFORT GLOVES BERHAD ("CGB" OR "COMPANY")BONUS ISSUE OF 174,132,762 FREE WARRANTS IN CGB ("WARRANT(S)") ON THE BASIS OF 3 WARRANTS FOR EVERY 10 EXISTING ORDINARY SHARES IN CGB ("CGB SHARE(S)") HELD BY THE SHAREHOLDERS OF CGB WHOSE NAMES APPEAR ON CGB'S RECORD OF DEPOSITORS AS AT 5.00 P.M. ON 24 JUNE 2021 ("BONUS ISSUE OF WARRANTS") Initial Listing Information : Listing Date :06/07/2021 Issue Date : 29/06/2021 Issue / Ask Price : Not Applicable Issue Size in Unit : 174,132,762.0000 Maturity Date : 26/06/2026 Revised Maturity Date : Name of Guarantor: Not Applicable Name of Trustee: Not Applicable Coupon/Profit/Interest/Payment Rate: Not Applicable Coupon/Profit/Interest/Payment Frequency: Not Applicable Redemption: Not Applicable Exercise/Conversion Period : 5.00 Year(s) Revised Exercise/Conversion Period : Not Applicable Exercise/ Strike/ Conversion Price : Malaysian Ringgit (MYR) 2.3000 Revised Exercise/ Strike/ Conversion Price : Exercise/ Conversion Ratio : 1:1 Revised Exercise/ Conversion Ratio : Mode of Satisfaction of Exercise/Conversion Price : Cash Settlement Type/ Convertible into : Physical (Shares) Remarks : The Warrants can be exercised at any time on or after the date of issue of the Warrants up to Expiry Date (both dates inclusive).Each Warrant entitles the registered holder during the Exercise Period to subscribe for one (1) new CGB Share in the share capital of CGB at the Exercise Price, subject to adjustments in accordance with the provisions in the Deed Poll dated 10 June 2021. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com N202107053000154EN
Bull and Danny, you are right. Although in principle can pay another 2.30 to convert now, no one will do that unless want to donate money to company, LOL
Oh, just want to clarify about my claim nobody sane want to buy warrant now and pay another 2.30 to convert. This claim may not apply to huge investor! Eg. Inventec bought millions of OR at 4.5 Sen from company bosses, although open market was selling at lower price. Buying or selling huge volumes in open market changes price too much!
Just wonder who are those that if they intend to sell the warrant why didn't they sell it at this premium price because if the mother share doesn't climb above RM2.30 right before the expiry date the price will be zero by then.
expiry is 2026. Why would you want to sell if you view comfort positively. could be very big reward should comfort continue to perform admirably. but if it does not perform for whatever reason, still the warrant is a free gift aha. might as well keep and take the chances
Nobody is willing to keep warrant during this uncertainty period....current price is 30%+ premium, anyone want to buy warrant at 0.305 and pay another RM 2.30 to covert to mother share??? If you believe in comfort, just buy mother share now at RM 1.9x and get divided RM0.04/ share by tomorrow. Bear in mind that tomorrow is the last day to buy for dividend entitlement.
Play_Joy, totally depends on where u see the stock in 5 years. Some see it a rm2, some rm5 some rm10. If those who see rm10 is possible, WB is actually genius.
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Posted by Start_0f_the_bull > 2021-07-06 09:59 | Report Abuse
Is that also means the mother share should be trading at at least RM2.61 within 5 years?