BIMB exercise price for CC is $2....conversion ratio is 3 CC to 1 mother BIMB share.....that is 3:1.....now BIMB is $2.24...that means excess of 24 cents...
When issued CC cost 15 cents....so you calculate from there.
But sometimes warrants can goreng higher and not follow the price.
Tomorrow BIMB will cheong far, that's for sure...very good impressive earnings & profit of about $500 million before Zakat...so traders are confident in this counter...some more BIMB is going to Indonesia soon...so year 2012 results may be even better.
Today DJ had broken the 13,000 level for the first time since May 2008 and the S&P closing at its best level in almost four years....so good omen. Now all Europe is in the GREEN & DJ futures is in GREEN too. So be prepared with BIMB going further up & up....hopefully it touches $2.50 soon.
chong: Bro. If CC cost 15 sen. And the conversion is 3:1. It means that the cost of 3 cc warrant is $0.45 plus EP of $2 = $2.45 per BIMB share? Is this right?
No, brother Alan Lim , I think BIMB is still bullish and will move up further perhaps to $2.45 to $2.50...even more higher is a possibility too. . Buying support is still here at 53%......very good financial results with earnings in the region of about $500 million speaks well & BIMB will expand into Indonesia soon too. Today's trading is 100k lots or 10 million shares & still people is buying.
Have faith my friend Alan. Today you saw people wallop or swallow $2.25 in large lots. so I presume there's more to come. No need to wait until $2.50 as even $2.45 is already good enough. But them persistence will come into play too, well just maybe.
Brother surennara, I can't really predict where BIB will land tomorrow but I still think BIMB is still bullish. Perhaps 10 cents is achievable for CB tomorrow...by then BIMB must move up 12 cents hopefully.
Brother gohshiau , if I am not mistaken I ask you all to buy warrants too of Axiata. Or is it that I post in my forum...can't remember too as it's about 1 month back.
Don't worry brother tradersam 56, BIMB & sons CB & CC will go further today or maybe later tomorrow, but to me today is the day with BIMB opening high at $2.27 or $2.28 perhaps. So stay my friends....just hope I am right again this time like I did on Coastal & son, KHSB, Tenaga & son, Axiata & son, etc.
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....
chong
3,074 posts
Posted by chong > 2012-02-29 17:02 | Report Abuse
Yes, CC can go as far as 22 cents