Posted by newcomer123 > 2016-02-12 15:30 | Report Abuse

murali where u get the info?

Posted by murali > 2016-02-12 15:32 | Report Abuse

U can find all the details from Bursa.

Fairyales, yes.

Posted by hng33 > 2016-02-12 15:37 | Report Abuse

Bought gamuda wr at 27.5sen

Posted by murali > 2016-02-12 15:38 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4978861

Posted by anakayambursa > 2016-02-12 15:44 | Report Abuse

gamuda-wr now trading at lowest range

Posted by anakayambursa > 2016-02-12 15:49 | Report Abuse

@ hng33, good to see u here..i enter some gamuda-wr at 27.5 and 28 too

Posted by anakayambursa > 2016-02-12 15:59 | Report Abuse

huat ahhhh

Posted by hng33 > 2016-02-12 16:09 | Report Abuse

Bought more wr at 27sen

Posted by anakayambursa > 2016-02-12 16:10 | Report Abuse

quite weird so many sellers dumping..need to strict on cutloss

Posted by Chong 113 > 2016-02-12 16:23 | Report Abuse

Hi murali, thanks for the info...
What if I don't sell my current WR and keep it after (5pm 18 Feb), will my WR Become $0..?

Posted by anakayambursa > 2016-02-12 16:24 | Report Abuse

panic

Posted by hng33 > 2016-02-12 16:24 | Report Abuse

Bought maximum wr at 24-25sen

Posted by anakayambursa > 2016-02-12 16:26 | Report Abuse

sellers so big volume..many dumping

Posted by Anson1314 > 2016-02-12 16:44 | Report Abuse

bought 25 sen.

Posted by hng33 > 2016-02-12 16:52 | Report Abuse

Closed at 25.5sen, with BIG buyer volume

Posted by James Teo > 2016-02-12 17:08 | Report Abuse

i dont have gamuda . can i buy the WR ? what will it be if i dont sell it ? any sifu here can give some advice ? tq

Posted by James Teo > 2016-02-12 17:13 | Report Abuse

ibought it b4 closing at 0.25

Posted by hng33 > 2016-02-12 17:18 | Report Abuse

Gamuda wr entitle you to subscribe Gamuda new warrant at 25sen. These upcoming new Gamuda warrant will have conversion price RM 4.05.

Based on today closing price, gamuda at 4.43, gamuda wr at 25.5sen, which imply you have total cost for upcoming new warrant 25.5sen + 25sen = 50.5sen

Lets take into account conversion price 4.05, and current closing gamuda price 4.43, the upcoming new gamuda warrant with new 5 year lifespan only have ridiculous 1.8% premium.....too cheap to be true

Posted by James Teo > 2016-02-12 17:26 | Report Abuse

means for those holding WR will entitle right issue by 28 feb ?

Posted by hng33 > 2016-02-12 17:29 | Report Abuse

Yes, only you buy wr now, then you have right and can entitle to subscribe new warrant at 25sen

Posted by James Teo > 2016-02-12 17:32 | Report Abuse

ic. tnks sifu

Posted by zhungtze > 2016-02-12 17:37 | Report Abuse

hi any sifu out there , i dont own any Gamuda Share (mother share), but i had bought some Gamuda-Wr today . So i need to do next ? will my warrant become $0.00 or i have to subscribe another new warrant at 25 sen ? can any sifu here explain to us . Thanks alot

Posted by James Teo > 2016-02-12 17:42 | Report Abuse

if i have 80 lots. how many right will i get ? its free ? or still need to buy

Posted by hng33 > 2016-02-12 17:55 | Report Abuse

You must use your wr as right for you to subscribe new gamuda warrant at 25sen. Imaging you bought 1 unit of wr today at 25.5sen and you pay 25sen to subscribe 1 unit warrant, then your total cost will be 50.5sen.

Based on today closing price, gamuda share price at 4.43, and gamuda conversion price at 4.05, and assume new gamuda warrant to be listed will fetch at least 15% premium, then these new warrant should worth at least RM 1.05

Therefore, you have potential to double up your profit..... 50.5sen cost vs new warrant listing price RM 1.05

Posted by James Teo > 2016-02-12 18:22 | Report Abuse

noted with tnks.

Posted by James Teo > 2016-02-12 18:30 | Report Abuse

1 WR entitle to purchase 1 right ? and when the right will start trade ?

Posted by James Teo > 2016-02-12 18:33 | Report Abuse

im still confusing how u get the price rm1.05 ?

Posted by hng33 > 2016-02-12 19:09 | Report Abuse

Aiyoyo, why confuse!!, wr is a right that listed today and these wr will only trade for 5 days and only if you buy wr now, then only you have right to subscribe warrant at 25 sen, which in turn will be listed next. Based on 15 % premium for newly listed warrant with 5 year lifespan, these gamuda warrant should worth 1.05.

Posted by Chong 113 > 2016-02-12 19:48 | Report Abuse

Hi Hng33, I don't quite understand about the 15% premium, could you pls elaborate it. Thanks,

Posted by einvest88 > 2016-02-12 20:00 | Report Abuse

high risk buying gamuda WR esp the underlying has yet to drop much to reflect current bear mkt. If u count gamuda recent low of 3.70+...at 15% the warrant worth zero....In the past every bear mkt will see Gamuda drop 80-90% from peak....Current uptrend rose from 1.25-5.40+...so prepare for Gamuda drop below 2....

Posted by hng33 > 2016-02-12 20:06 | Report Abuse

To calculate intrinsic value,

[(warrant price + conversion price) - underlying share price ] / underlying share price, multiplying 100 to get percentage, positive percentage indicate premium, while negative percentage indicate discount.

Normally, newly warrant with 5 year lifespan command higher premium, could range from 15% to as high 30%.

In gamuda case, the warrant conversion price is 4.05, and underlying share price is 4.43 and by tag minimum premium 15% for newly upcoming warrant listing, you will yield the fair warrant price at 1.05. The cost to get warrant is just 25 sen and buy a right to subscribe warrant at 25 sen, therefore, your total cost is merely 50.5sen vs potential warrant price 1.05 once it list in bursa.

Posted by PDTs > 2016-02-12 20:22 | Report Abuse

that is provided "if" the underlying share wont continue dropping

Posted by zhungtze > 2016-02-12 20:36 | Report Abuse

If im not subcribe the warrant 25sen , will my wr bought today become 0.00 ?

Posted by fairytales > 2016-02-12 21:01 | Report Abuse

I bought gamuda-wr at 0.53 today (yes too high). Is it worth subscribe warrant at 0.25? I'm not quite understand how this works.

Posted by fairytales > 2016-02-12 21:05 | Report Abuse

After subscribe new warrant, is that mean I must convert to gamuda mother share???

Posted by hng33 > 2016-02-12 21:22 | Report Abuse

Gamuda wr is a right for you to subscribe warrant at 25 sen, if you no intend to subscribe, then just sell back wr back to market, alternatively, you use wr as right to subcribe warrant and wait for these new warrant to list in bursa. As these new warrant have lifespan of 5 year, you can have any time within next 5 year to convert into gamuda by pay conversion price 4.05.

However, as for warrant, normally it offer cheaper price and leverage advantage to expose to underlying share. Therefore, warrant with long lifespan deserve to command fair premium price, range between 15 % to 30 %. Therefore, it must calculation above, I merely tag 15% premium, then warrant should worth RM 1.05 once it listed.

Gamuda management in actual are very clever to offer to sell warrant at 25 sen instead of offer free to shareholder, which allow gamuda to immediate raise fund, strengthen balance sheet without dilute its Earning to share

Posted by zhungtze > 2016-02-12 21:34 | Report Abuse

Ok ... Im fully understand now . Thanks for the precious info ..

Posted by fairytales > 2016-02-12 22:10 | Report Abuse

If I subscribe to the warrant, mean my warrant will cost me 0.53+0.25=0.78per unit? (I bought 30000 unit at 0.53 already). If I not convert to gamuda mother share, can I still trade the warrant as usual share till expiry??? If the warrant worth RM1.05 once listed, meaning I profit 1.05-0.78=0.27per unit? And how many units will I get for warrant? I got 30000 unit, then I need pay extra 30000x0.25?

Posted by hng33 > 2016-02-12 22:40 | Report Abuse

Yes and upcoming gamuda warrant have 5 year lifespan, you have such long valid time to trade your warrant anytime and only must opt to convert at the end of 5 year. I unit of wr entitle to subcribe I unit of warrant at 25 sen. If market perform rational, wr may even move up to above 75 sen next week to match minimum 15% premium or at least 1.05 worth of upcoming warrant.

Posted by Nelson Yoong > 2016-02-12 23:05 | Report Abuse

Thanks hng33

Posted by hpcp > 2016-02-12 23:27 | Report Abuse

For big cap like Gamuda, I expect the warrant premium to be about 5% to 10%.

Posted by firehawk > 2016-02-13 02:14 | Report Abuse

i saw they purposely pump up the mother share price last week from 4.00 to 4.60 .... may be for selling their WR !

Posted by murali > 2016-02-13 06:52 | Report Abuse

Agreed with hpcp.i think a 10% premium is reasonable for gamuda warrant.buy n keep it for long term.

Firehawk,at 0.255 closing price of wr,each shareholder can only make rm0.04+ since every 1 wa for every 6 shares held....u think they goreng mother shares from rm4 to rm4.6 to make rm0.04+?????

Posted by murali > 2016-02-13 06:56 | Report Abuse

Goreng up mother by 15% (rm0.60)so as to trap u to buy WR for 1% gain (rm0.04+)?????

Posted by firehawk > 2016-02-13 09:59 | Report Abuse

i just dun want to argue .... u confuse the maths. behind, yr calculation doesn't make sense at all, i think those understand know what i said!

Posted by hng33 > 2016-02-13 12:11 | Report Abuse

Firehawk

Hahaha, very funny lollll, purposely pump up gamuda from 4 to 4.60. !!??......since when gamuda trade at 4.00 ??

The lowest gamuda share price over 2 week was 4.40, the highest was 4.77. No doubt, gamuda indeed move up ahead of warrant right entitlement before the ex date and move down after warrant right listed. The highest degree of pumping up is 37sen, and you need 6 gamuda only entitle to get 1 warrant right at 25.5sen, so those pump up gamuda from 4.40 to 4.77 with cost 37 sen and need 6 x gamuda to get 1 warrant wr.......spent total cost 37 sen x 6 = RM 2.22 in order to selling warrant right at 25.5sen !?

Posted by hng33 > 2016-02-15 09:16 | Report Abuse

WR On track to move back above 30sen first

Posted by hng33 > 2016-02-15 09:34 | Report Abuse

Use margin line, increase further stake in wr at 28.5sen

Posted by fairytales > 2016-02-15 10:02 | Report Abuse

When warrant will be listed and start trade?

Posted by hng33 > 2016-02-15 10:15 | Report Abuse

I think new Warrant will be listed early Mar, the actual date will be announce in bursa later