Posted by ForceBWithU > 2021-01-22 10:35 | Report Abuse

Buy at 2.11. Don't regret as it will be touching 2.50 early next week. The counter is not gonna rest anymore as there are 4 trading days left b4 ex entitlement for Warrants. I've collected another 15K today.

Posted by Pamyeoh88 > 2021-01-22 11:35 | Report Abuse

Maria2021, Mother price will be adjusted once warrant is listed as informed by the brokerage firm. Ally, can you confirm again.

Posted by Maia2021 > 2021-01-22 12:15 | Report Abuse

Pamyeoh88, how do they calculate mother price and warrant price?

Posted by Shayidbai > 2021-01-22 12:20 | Report Abuse

I enter at 2.090

Posted by Pamyeoh88 > 2021-01-22 12:37 | Report Abuse

Maria2021 please check the previous comment.

Posted by hohoho123 > 2021-01-22 12:44 | Report Abuse

yamme

Posted by wopsron8 > 2021-01-22 12:44 | Report Abuse

i will collect after 4.50 before closing

Posted by gchenh93 > 2021-01-22 12:45 | Report Abuse

@Pamyeoh88 share the announcement please. If nobody converts the warrants to mother what price adjusted is there?

Posted by Pamyeoh88 > 2021-01-22 12:49 | Report Abuse

There is no announcement. I called up and check.

Posted by wishyouallthebest > 2021-01-22 12:59 | Report Abuse

According to the daily technical highlight stated that - Interestingly, the group is issuing 1 free warrant for every 2 existing shares held with the last day of lodgment scheduled on 3 rd Feb 2021. Take note that the warrants (with an exercise price of RM1.77) are already in the money.

Anyone can explain it claimed that it is in the money?
@ Ally,please.

Posted by kfliau > 2021-01-22 13:03 | Report Abuse

Converting warrent into mother Only results in share dilution. What adjustment? Anyway, once warrent Is listed, the warrent price plus 1.77 Divide by the mother price will give you the premium. For newly listed warrent, the premium Is usually 30 to 40%. Anything higher you can expect adjustment in terms of either warrent price coming down or mother price going up. Your guess is as good as mine

Posted by kfliau > 2021-01-22 13:05 | Report Abuse

In the money means the mother price is already above 1.77 However, it has not taken into account of the warent price. If After adding warrent price to 1.77 becomes higher than mother price, it's called out of money or having premium

Posted by wishyouallthebest > 2021-01-22 13:09 | Report Abuse

oh,thank you very much @ kfliau

Posted by treasure_hunter > 2021-01-22 13:13 | Report Abuse

If scib mother traded at RM2.1 the day before ex date, upon ex date, scib mother will be adjusted to RM1.99

If upon listing of scib warrant, scib mother remain RM1.99, with 30% premium, scib wa will be traded at RM0.81

Posted by kfliau > 2021-01-22 13:14 | Report Abuse

Most welcome wishyouallthe best. We want everyone here to make good money. Cheers

Posted by treasure_hunter > 2021-01-22 13:15 | Report Abuse

For mother ex price upon warrant ex date calculation, maybe refer to this

https://www.google.com/url?sa=t&source=web&rct=j&url=http://taadress.ta.com.my/Circular/G%25200011%2520of%25202016%2520Guidelines%2520Reference%2520Price%2520Calculation_Corporate%2520Action_New%2520Listing.pdf&ved=2ahUKEwjp5pKE5K7uAhWxFLcAHadSBpUQFjAAegQIARAB&usg=AOvVaw0g_DkHT4WOTqWh-6x2I6lX

Posted by ongmari > 2021-01-22 13:15 | Report Abuse

if close at 2.5 be x date, the warrant will be 2.5 - 1.77 add 10 to 20 %, maybe at RM 90Cents

Posted by kfliau > 2021-01-22 13:39 | Report Abuse

Thanks treasure_hunter for this invaluable information which I think even many remisiers don't know and clear the air here

Posted by wishyouallthebest > 2021-01-22 13:44 | Report Abuse

@treasure_hunter.According to your assumption, if wa scib is traded at 0.81.we who get the warrant free at 2/2/2021 ,If we sell the free wa, we will earn 0.81/warrant nett?

Posted by Ally Yee Min Ong > 2021-01-22 14:11 | Report Abuse

There are two scenarios for warrant. If the exercise price of the warrant is higher than the market price of the mother share, then there will be no adjustment to the price of the mother share on the ex-date. However, if the exercise price for the warrant is lower than the current price of the mother share, then the price adjustment for the warrant on the mother share will be treated similar to a Rights Issue.
Notice that the exercise price of the warrant is at a discount to the current mother share price. 
Thus, in this case, in the calculation of adjustment price, the warrant has to be taken into consideration.

AP =( CP × U ) + ( B × ExP )/U + B

Legend:
AP = Adjusted Price (RM)
CP = Closing Price = Closing Price (RM) pre ex date
B = Bonus Warrant (unit)
U = Holding of existing share (unit)
ExP = Exercise Price of Warrant

For illustration only.
If mother share closing price pre exdate was RM2.10
Mother share price will be adjusted to RM1.99

If mother share closing price pre exdate was RM2.20
Mother share price will be adjusted to RM2.055

If mother share closing price pre exdate was RM2.50
Mother share price will be adjusted to RM2.25

Posted by Ally Yee Min Ong > 2021-01-22 14:18 | Report Abuse

For illustration only.

If mother share closing price pre warrant listing date was RM2.10
Warrant could possible trade above 75sen.( base on 20% premium)

If mother share closing price pre warrant listing date was RM2.20
Warrant could possible trade above 87sen.( base on 20% premium)

If mother share closing price pre warrant listing date was RM2.50
Warrant could possible trade above RM1.23.( base on 20% premium)

Posted by Ally Yee Min Ong > 2021-01-22 14:23 | Report Abuse

I believe coming Qr will be outperform.

Posted by weimun88 > 2021-01-22 14:41 | Report Abuse

Yes ally, good QR next month and possible more contracts to be announced. The warrants are giving out in a very good timing.

Posted by Collin64 > 2021-01-22 14:53 | Report Abuse

Thanks Ally. Good explanation on the price of the warrant

Posted by Fc78020 > 2021-01-22 15:06 | Report Abuse

Ally, means if adjustment happens, will shareholders lose money?

Posted by Ally Yee Min Ong > 2021-01-22 15:24 | Report Abuse

No worry ya. You will receive free warrant.

Posted by Innerpeacee > 2021-01-22 15:43 | Report Abuse

Thanks @Ally

Posted by anthonytkh > 2021-01-22 15:52 | Report Abuse

Haha, last time Ally keep saying no price adjustment. Now she’s done some further study :)

Thanks anyway for all your really useful inputs, Ally!

Posted by ZhiPui > 2021-01-22 15:53 | Report Abuse

Thanks Ally for illustrations.

Posted by anthonytkh > 2021-01-22 15:54 | Report Abuse

Remember a few things :

1) Current mother share price vs warrant exercise price of 1.77
2) Exercising warrants = new shares will be issued
3) Total number of outstanding shares

These will affect price adjustment of mother share price when warrants are exercised

Posted by HamsterHuat > 2021-01-22 15:54 | Report Abuse

So...really have to do adjustment after all..

i am still learning.
Thanks for sharing to everyone who pitch in.

Posted by anthonytkh > 2021-01-22 15:56 | Report Abuse

And like I said before, why exercise your FREE warrant if you believe in SCIB? Mother price now 2.10 and my TP in 3 years’ time is north of RM4.00

But, gosh, hope I’m still alive in 3 years’ time! :)

Posted by wishyouallthebest > 2021-01-22 15:57 | Report Abuse

Hi, Ally. Take this as example,
If mother share closing price pre warrant listing date was RM2.50
Warrant could possible trade above RM1.23.( base on 20% premium)

We have free warrant, that means we earn RM1.23 nett? With zero cost since we get the warrant free?
Thanks in advance.

Posted by anthonytkh > 2021-01-22 16:00 | Report Abuse

Investopedia is your best friend :

https://www.investopedia.com/ask/answers/how-to-exercise-stock-warrants/

Posted by Hopeful > 2021-01-22 16:03 | Report Abuse

Fc78020, yes mother price will be adjusted but "your loss" will be compensated in the Reference Price ( Opening Price) of the warrants at 9.00am on Monday.

Using the RM2.10 example as the price on last day (Cum Entitlement Price), theoretical ex-price is RM1.99

RM( 2.10 x 2) + RM 1.77 = RM 5.97

On Monday, mother price will be RM 1.99

Reference price for warrant = RM 1.99 - RM 1.77 = RM 0.22

To verify : RM (1.99 x 2) + RM 1.77 + RM 0.22 = RM 5.97

If warrants limit up on Monday, then it will go to RM 0.52.

All calculations, purely my best agak-agak only.

Good luck to all holders.

Posted by wishyouallthebest > 2021-01-22 16:05 | Report Abuse

@anthonytkh, thank you very much. It must be very useful information for me to learn.Let me go through later,thanks a lot.

Posted by WeLoveSarawak > 2021-01-22 16:08 | Report Abuse

come come ready for topup and away we go!

Posted by Ally Yee Min Ong > 2021-01-22 16:23 | Report Abuse

Just enjoy the ride. No worry at all. ^^

Posted by fujiapple > 2021-01-22 16:26 | Report Abuse

I'm late on boat... No chance to ride yet....:)

Posted by diuleiloumei > 2021-01-22 16:33 | Report Abuse

next week will have public holiday, i think only next week can fly

Posted by anthonytkh > 2021-01-22 16:44 | Report Abuse

I was unfamiliar with counter. I day/contra traded for nice profits. And then I bought for keeps. Will not sell. Will become like a shark now and buy more/average up more when closer and closer to end of this month

Do NOT miss the boat. This is a sure thing

Posted by anthonytkh > 2021-01-22 16:49 | Report Abuse

I know some folks correlate this counter with other Karim counters. Serbadk depends on oil price movement and especially on Petronas. Kpower taking a breather, profit taking and split adjustment

Scib and Kpower price followed each other until Kpower retraced due to profit taking. Do not pay attention to Kpower vis-a-vis Scib. Just trust Scib, buy, get the free warrants and then either sell or trade your free warrants

Posted by HamsterHuat > 2021-01-22 17:02 | Report Abuse

well said @anthonytkh

SCIB next week might surge high due to Warrant demand....
Whoever sell....thank you very much.

i will buy more to average down because of Warrant

Posted by anthonytkh > 2021-01-22 17:18 | Report Abuse

Hamster... it’s called average UP, not average down :)

Making and confident = average up. Losing and hope not to lose more and then gamble more = average down

Posted by Sky Liew > 2021-01-22 17:39 | Report Abuse

2.14 nice closing
Enjoy weekend brothers and sisters ^_^

Posted by anthonytkh > 2021-01-22 17:52 | Report Abuse

Re a post by kfliau that he/she commended

kfliau, yes, remisiers either don’t know everything or just plain forgot

My remisier (yes, I must hv one... I need one) has 30 years experience. I asked him what’s the LU for a new listing/IPO and he had to check :)

Fyi new listing/IPO, FIRST DAY of trading is 400% or 30cts (whichever higher) for limit up. Depends on IPO price but al ost certainly 400% applies. Limit down works the same way

Posted by Sslee > 2021-01-22 18:44 | Report Abuse

SCIB with PPE of only 24 million able to take on project of billion? Someone must be a superman.

Posted by HamsterHuat > 2021-01-22 19:04 | Report Abuse

@anthonytkh

Sorry sorry bro...
Yes..it should be average up.

i will be average up next week for sure.

Posted by HamsterHuat > 2021-01-22 21:03 | Report Abuse

@Yu_and_Mee

i believe in sentiment on Warrant entitlement which "manipulate" the share to trade higher.
FOMO could be in play next week.

Posted by WeLoveSarawak > 2021-01-22 22:11 | Report Abuse

look at the timeline starting next Monday :

5 trading days left until ex-date (2/2/2021)...
28/1 and 1/2 Bursa will be closed for PH...
12/2 Chinese New Year...
16/2 listing for Warrant...
26/2 Announcement for Q4 results (will be HUGE!!!)