All ex price = (2*2.77+1.06)/(4+1+1) = 1.10. Minus the exercise price of warrants 1.06 = 0.04 (warrant price). It is in money already. Given 20% premium, the warrant price = 1.2 X 1.10 - 1.06 = 0.26. *BORROW PPL COMMENT* 1. why 20% premium ? 2. Quick profit will be No.of share x 0.26 warrant price ? 3. will the Warrant price go up / down ? if down then rugi lor.... ?
Example if u got 2000 share now so after ex date u will have 5000 share after share split and bonus share... but the 3000 new share will only credit into ur acc on 25/11 by 5pm...so tmr u only can sell 2000 share.
Why must close 2.8? Tmr after the adjust share price will be more attrative because it lower.... so it might attract more buyers and eventuallly they will push the price back up.
2.75/2.5= 1.1 per share if my calculation is correct.
Imagine if tmr open 1.1 and people push to 1.2 closing price. It up 10cent but actually u earn more because ur 1000 share become 2500 share. If say u earn rm100 because up 10 cent today but tmr u make rm250 if up 10cent
GADANG - Notice of Book Closure GADANG HOLDINGS BHD
1) Subdivision of every one (1) existing ordinary share of RM1.00 each ("Existing Share(s)") into two (2) ordinary shares of RM0.50 each in Gadang Holdings Berhad ("Gadang") ("Subdivided Share(s)") at 5.00 p.m. on 25 November 2016 ("Entitlement Date") ("Share Split").
2) The Bonus Issue of Shares will be carried out concurrently with the share split exercise announced on even date. The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 28 November 2016 ("Listing Date"), being the next market day immediately after the Entitlement Date. Gadangs Share Registrar will issue and despatch the notices of allotment for the Bonus Shares to the entitled shareholders of Gadang not later than four (4) market days after the Listing Date. This announcement is dated 11 November 2016.
3) Bonus issue of 129,311,689 warrants in Gadang Holdings Berhad ("Gadang") ("Warrant(s)") on the basis of one (1) Warrant for every four (4) existing ordinary shares of RM0.50 each held in Gadang ("Subdivided Share(s)") after the completion of the share split at 5.00 p.m. on 25 November 2016 ("Entitlement Date") ("Bonus Issue of Warrants").
Kindly be advised of the following :
1) The above Company’s securities will be traded and quoted “[Ex-All]” as from: 23 Nov 2016 2) The last date of lodgment : 25 Nov 2016 3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:- a) Selling Broker to deduct <1/5>, of Selling Price against the Selling Client b) Buying Broker to deduct <20%>, of Purchase Price against the Buying Client c) Between Broker and Broker, the deduction of <1/5>, of the Transacted Price is applicable.
Remarks 1: "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 25 November 2016 with Share split and Bonus issue of GADANG shares of RM 0.50 each. Any shareholder who is entitled to receive GADANG Share split and Bonus issue shares, may now sell any or all of his GADANG shares arising from the Share split and Bonus issue beginning the Ex-Date (23 November 2016).
For example, if Mr X purchases 100 GADANG shares on cum basis on 22 November 2016, Mr X should receive 100 shares on 25 November 2016. As a result of the Share split and Bonus issue, a total of 250 GADANG shares will be credited into Mr X's CDS account on the night of 25 November 2016 being the Book Closing Date. Therefore, Mr X can sell the Share split and Bonus issue shares of 250 on or after the Ex-Date ie from 23 November 2016 onwards."
Remarks 2: The Share Split entails the subdivision of every one (1) Existing Share into two (2) Subdivided Shares at 5.00 p.m. on 25 November 2016. The Subdivided Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 28 November 2016 ("Listing Date"), being the next market day immediately after the Entitlement Date. Gadangs Share Registrar will issue and despatch the notices of allotment for the Subdivided Shares to the entitled shareholders of Gadang not later than four (4) market days after the Listing Date.
Remarks 3: The Bonus Issue of Shares will be carried out concurrently with the share split exercise announced on even date. The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 28 November 2016 ("Listing Date"), being the next market day immediately after the Entitlement Date. Gadangs Share Registrar will issue and despatch the notices of allotment for the Bonus Shares to the entitled shareholders of Gadang not later than four (4) market days after the Listing Date. This announcement is dated 11 November 2016.
Remarks 4: The Warrants will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") within two (2) market days after the receipt of the listing and quotation application filed with Bursa Securities. The Bonus Issue of Warrants will be implemented via the filing of listing and quotation application with Bursa Securities after the completion of the Share Split. As such, the Warrants to be issued pursuant to the Bonus Issue of Warrants shall give to its holder an option to subscribe for new Subdivided Shares on the basis of one (1) new Subdivided Share for one (1) Warrant at the exercise price of RM1.06 per Warrant. The Warrants will be credited into the entitled shareholders central depository system account and a notice of allotment will be issued and despatched to the entitled shareholders. This announcement is dated 11 November 2016.
For example, if Mr X purchases 100 GADANG shares on cum basis on 22 November 2016, Mr X should receive 100 shares on 25 November 2016. As a result of the Share split and Bonus issue, a total of 250 GADANG shares will be credited into Mr X's CDS account on the night of 25 November 2016 being the Book Closing Date. Therefore, Mr X can sell the Share split and Bonus issue shares of 250 on or after the Ex-Date ie from 23 November 2016 onwards."
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....
tksw
12,952 posts
Posted by tksw > 2016-11-21 19:53 | Report Abuse
cresbinvest sifu, I would like to know kancs sifu identity, see handsome boy or not, may be she is a beautiful girl ... kakaka