The warrant convertion is 1:1 at .92sen. Warrant was last traded at .235sen mother share is now .675sen meaning a premium of .48sen. Obviously there won’t be any conversation unless the mother share goes up to justify the exercise. This is a clear sign the mother share is now undervalued.
Share value is determined by its intrinsic value, underlying assets and performance of the company and share price by the market. Premium was merely mentioned in relation to the warrant price, exercise price and mother share. Was too vague earlier on ... thank you
Prudent what you're saying makes no sense. Warrants will always have a premium due to their potentially great fat tail payoffs. I mean look at things like HeveaW and PmetalW. Those things went up 30-40x from a few years ago despite the built in premium. If Ajiya can progress well and translate to profitability and become a one billion dollar company in 4 years, they warrants could get 20x++ returns as well from current levels.
Warrant price is totally irrelevant to the share price. If anything the warrant pricing is less efficient.
Any Sifu can comment on this Ajiya stock.. this company 1.28 % share stake is holding by m-0cean and the director behind was under Our PM tun Mahatie son .
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....
kukubirds
108 posts
Posted by kukubirds > 2017-10-26 13:57 | Report Abuse
revenue not much drop but profit drop alot