From SCIB cirulcular on proposal Basis and justification of determining the issue price and exercise price of Warrants The Warrants will be issued at no cost to the Entitled Warrantholders. The exercise price of the Warrants will be determined at a later date and an announcement will be made by our Board after the receipt of all relevant approvals but before the announcement of the Warrants Entitlement Date, by taking into consideration the following:- (i) the historical price movement of SCIB Shares and the future funding requirements of SCIB Group; (ii) the TEBP of SCIB Shares based on 5-day VWAP of SCIB Shares up to the price-fixing date, with a premium of up to 30%. For illustrative purpose, the indicative exercise price of the Warrants is assumed at RM1.21 per Warrant, which represents a premium of approximately 29.1% to the TEBP of SCIB Share of RM0.9375 post-Proposed Bonus Issue of Shares, calculated based on the closing price of the Company as at the LPD of RM3.75 per SCIB Share; (iii) Warrants are exercisable at any time for a tenure of 3 years from the date of issuance of the Warrants; and (iv) Warrants will be issued at no cost.
Wow hsyanbird, 7 years ago the price is Rm0.05 , your persistent n patience definitely reward you well in returned!! You should be making multi millions by now. Congratulations
Ok for those still wondering whether it is still worthwhile to buy or Want to waste money Converting thise Penny stock RI like Fintec...GoCean...DGB..etc
Agree! I owned all Karim related counter, kpower, scib and serbadk. The serba has worst performances among all of them. Hope serba can rocket soon like kpower.
5 yrs term warrant with 50% premium is normal especially for Kpower grow stock. If mother close at RM3, 3x1.5 =4.5, minus 2.5 exercise price, warrant =2 even with 30% premium 3x1.3 =3.9, - 2.5 EP, warrant =RM 1.4. Gearing range. 1.5 - 2.
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....
investorbat
1,411 posts
Posted by investorbat > 2021-01-13 23:08 | Report Abuse
as what GLNT said,price calculate/value base on volatility of mother share,time of maturity,we call premium