45 cents is the Exercise price. If Mother price 60 cents. Meaning free Warrant should be more than 15 cents. If you buy now you will get 1 for 2 free warrant. Warrant should open more than 20 cents. If mother share up, warrant will follow.
There will be no adjustments to mother share price even after Ex date. So don't sell your mother share. The higher the mother share price, the higher the warrant price when open.
SKB was adjusted when it was ex for warrant bonus in Dec 2021. So no more adjustment to mother share during warrant Ex date. So now it depend on market forces.
Why selling at a loss by pushing down to 50 cents ? Top 30 share holder holding more than 92% of the share. If the remaining shareholders could coorperate hold and don't sell. Then mother share and warrants could open higher.
On behalf of the Board, TA Securities wishes to announce that the Company has resolved to fix the exercise price of the Warrants at RM0.45 per Warrant (“Exercise Price”). The Board has fixed the Exercise Price after taking into consideration, amongst others:
(i) the Warrants will be issued at no cost to the Warrants Entitled Shareholders;
Meaning no adjustment to mother share even after Ex date.....Then why selling down ?
BONUS ISSUE OF 88,000,000 NEW ORDINARY SHARES IN SKB SHUTTERS CORPORATION BERHAD ("SKB") ("SHARES") ("BONUS SHARE(S)") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 1 EXISTING SKB SHARE HELD AT 5.00 P.M. ON 4 JANUARY 2022 ("BONUS ISSUE OF SHARES")
Issue at no cost mean it will be given to all entitled shareholders free..no like right issue, which we need to pay for it.. So it Doesn’t mean mother share price will not be adjusted..
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....
neohts
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Posted by neohts > 2022-01-21 09:55 | Report Abuse
45 cents is the Exercise price. If Mother price 60 cents. Meaning free Warrant should be more than 15 cents.
If you buy now you will get 1 for 2 free warrant. Warrant should open more than 20 cents.
If mother share up, warrant will follow.