A lot of speculative counters and 2nd liners have started to be active again these 2 days. Let's see when this counter will catch on the CNY rally fever .....
Warrant is going to expire very soon. Pls check expiry date. It is a risky short term play by the operator. If u want to catch the current fever now, mother share is preferred.
Instrument Category Securities of PLC Instrument Type Warrants Type Of Expiry Expiry/Maturity of the securities Mode of Satisfaction of Exercise/Conversion price Cash Exercise/ Strike/ Conversion Price Malaysian Ringgit (MYR) 0.2000 Exercise/ Conversion Ratio 1:1 Settlement Type / Convertible into Physical (Shares) Last Date & Time of Trading 22 Jan 2018 05:00 PM Date & Time of Suspension 23 Jan 2018 09:00 AM Last Date & Time for Transfer into Depositor's CDS a/c 02 Feb 2018 04:00 PM Date & Time of Expiry 09 Feb 2018 05:00 PM Date & Time for Delisting 12 Feb 2018 09:00 AM
Currently, the warrant is trading at 3.5 sen. There is a 1.5 sen discount to its mother share price, if we add the warrant exercise price of 20 sen per share. For those who have extra cash to convert to mother share, of course it is a better buy. But do bear in mind the lead time to submit and process the conversion. By then, we will not know if the mother share price still remains at 25 sen.
I got a question. For those who have extra cash to convert to mother share, of course it is a better buy. I got 20k warrant share, I want to convert to mother share, how much I need to pay ?? Today warrant only drop until 0.02 only...
If I don't convert to mother share, in the end how much I can get back ? example, the last date of the exercise price of the mother share is more than 0.20 la...
I have posted the bursa announcement on the expiring warrant earlier. Pls read up.
From warrant to convert to mother share, it is 20 sen exercise price per warrant. If it is 20k warrant, then the conversion cost is RM 0.2×20,000(or RM 4,000).
Warrant will become worthless(zero $$$) after expiry date. If u do not intend to convert to mother share, u must sell your warrant in the open mkt by 22 Jan 18(last day of trading).
Today, mother share is 23 sen, but warrant is pushed down to 1 sen. This means that the discount for warrant to mother share is a good margin of 2 sen.
For those with extra cash to convert warrant to mother share, warrant is now really a good buy.
It seems like there are some selling of mother shares to subscribe for warrants. That is why mother share price comes down. But after 22 Jan 18, mother share should have less selling pressure.
OK I did some google search: ------ Stock repurchases are used as a tax efficient method to put cash into shareholders' hands, rather than paying dividends, in jurisdictions that treat capital gains more favorably. Sometimes, companies do it when they feel that their stock is undervalued on the open market.
Other times, companies do it to reduce dilution from incentive compensation plans for employees. Another motive for stock repurchase is to protect the company against a takeover threat. ------ https://en.wikipedia.org/wiki/Treasury_stock
Chapter 4. EPS of the company ended FY16 was -2.25 cents. After ESOS termination, the saved cost will have an effect to increase the EPS to +0.05 cents.
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....
ChloeTai
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Posted by ChloeTai > 2017-11-02 16:04 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5590713
Only an MOU to fabricate and supply scaffolding, materials and accessories to PROTECTION RIGGING ACCESS SERVICES SDN BHD.