if company take in 5 days average price after share split day 1: 1.49, day 2: 1.42, day 3: 1.37, day 4 1.41, day 5 (today): estimated 1.45 with 30% premium on top of average price will bring out exercise price around RM1.86
it is far behind comparing to kpower warrant ex price which announced much earlier even without need of consideration of average price of mother (karim might be very confident Kpower price will go up so high, in fact, now the premium of warrant ex price also around 30%) RM2.5
lower warrant ex price actually quite favor to movement of warrant later on, all share holder also required to folk up lesser price for conversion at the end of maturity.
if boss want to raise more fund thru the warrant conversion, probably they will push up the mother share price as hard as they can so that exercise price of warrant will be pushed higher
so in this case, really depend on Karim and geng wheter they want a lower or higher exercise price for scib warrant, it really depend, can go from high side or low side
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....
ksteoh
67 posts
Posted by ksteoh > 2021-01-04 12:58 | Report Abuse
ANSON, why u only interested in Scib? No comment others counter?