Maybe can have a competition here in guessing the closing price of RPS and Insas-WB on 03 Mac...the winner will get cookies from me...I start first with RPS RM0.90 and Insas-WB Rm0.25..
Kok Khee has given his undertaking to subscribe for 48.66 % excess RPS (if you dont want to subscribe...), on top of his current entitlement of 23.45%....
If kok khee says this then he will never get the excess as he is now like a backstop now that everybody can bank on...
Yeap, I share your thought too...Insas can hardly goes above RM1 in short term....sorry for those who bought at that level...the only chance you may recover some is by PR...
Mr. Koay: You are either very rich or you are in the industry to own a Bloomberg. I'm just curious why your volatility you chose 40% and not 25% or 30%?
You should know the volatility makes a lot of difference. Let me ask you since Insas is at relatively low and let's assume it has potential to move to RM1. How much is the volatility from RM0.80 to RM1.00. It's 25%!! And what's the volatility from RM1 to RM0.80. It's 25%!!
And you are pricing the warrant using 40% volatility and value your warrant at RM0.26?! I would value the warrant using 25-30% MAX! Don't treat everyone as an idiot. What will be the warrant at RM0.80 and volatility of 25%? Why don't you use your Bloomberg and compute it! Don't under-utilised it. It's expensive.
You cannot make your investment case with blue sky scenario. You have to make your investment case at base case or worse case scenario so you know the risk you are taking. So Murali, the warrants can trade at any value. Be it RM0.10, RM0.15, RM0.26 or even RM0.40. Your appetite is different from me. So I respect your view. You are blue sky scenario man. That's fine!
kcc888: I would be a seller of PR. But I also won't recommend a buy on mother with this exercise going on. All I can say is look for the support for this counter. You may have the opportunity. However If you are long term, current price is decent.
Option pricing model does give Insas warrant a very low price..... All those switch to PR are expecting sudden spike in volatility (goreng). Switching alr suffer some cap loss for many ppl. On top of tat still have to fork out money to buy PR. I wonder at wat share price they are anticipating to justify their action.
oregami, why? Wanna buy me farewell dinner..?? Kikikikikikiki... I believe this insas forum will turn quiet soon!! Then it will be good time to buy..and accumulate it.. Hot Ballon! Whc is going to burst!
Millia, good comment.........""I would be a seller of PR. But I also won't recommend a buy on mother with this exercise going on. All I can say is look for the support for this counter.""::
That statement " I want the excess.... " from Thong maybe be sincere or maybe not.... Thong the grand master can read the predictable ikan bilis very well...
Saw the ikan bilis who just jumped in when he just suggested it is gonna be fantastic trust me... by just keyin a few thousand lots at 0.3+???
And..... if Thong came up with that statement because he simply can't even get IBs to underwrite the RPS...... cos the figures just dont jive.... you do your own conclusion
If the prices for the white form for PR is 0.215-0.22, when come to payment date..bf 13 Feb.. u have to top up another RM 1000...the total cost is approx 1220..with the interest of RM 40 per annum... your return is jus 3.3%. Fyi.. this PR prices may drop to lowest when nr the 13 Feb!!!... Alamak!!!
Forever... no jokes... pls consider yr PR...buy immediately! bcoz when come to the end, Insas return you only RM 1000... u have immediate loss of 220 per 1000u...
One u pay 220 in the open market, u get the right to subscribe to the RPS..!!!! 220 pay is for the right... when at the closing date, u need to top up RM 1k on it during yr submission to the registrat... alamak....
yr tot cost is 1220 for the RPS>.. The existing shareholder will get the right free but they still need to top up 1k when the submission to registrat... if they choose not to submit... they will lose the chances for the 2 "free" warrants!!...
If u dun wan to subscribe to the PR, SOLD bak the white forms to the market immediately... becoz the white form prices will drop nr to zero when nr to the closing date on 13 Feb... alamak.... very serious mistake... i cant kikikikikiki anymore for those to make such a big mistake!
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murali
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Posted by murali > 2015-01-29 17:45 | Report Abuse
Maybe can have a competition here in guessing the closing price of RPS and Insas-WB on 03 Mac...the winner will get cookies from me...I start first with RPS RM0.90 and Insas-WB Rm0.25..