I have been buying since 23 and average up. But since i am still buying.. keeping it under wraps. Today all hell break lose already so no more buying opportunity. :(
ironad.. will not reach 0.50.. still need some 'meat' for the WB holders to convert. My TP 0.40-0.45, so those who convert have some meat to eat not bones only...
no so easy to go up 0.50, theorotically yes with exercise price 1.85, imagine who held the most WCT-WB, DON'T they KNEW IT and allow it to be traded cheap cheap. GARK was right, you only have MEAT if you convert. may i am wrong
u need to tell your remiser and pay rm1.85 per share to convert and also some other fees i guess. after that u will have to wait for a week or two for the confirmation.
if you convert after 11/12 and the price of mother stay at 2.34 after your conversion, u will gain 0.14 since u buy wct-wb at 0.35 why dont u just hold first..maybe it will goes up higher..wct-wb currently value at 0.49 based on the share price of mother.
hopefully the WCT WB issuer, the biggest holder of warrant will Jack up the price to 50 sen but then it will create a lots of selling pressure " sell for less". already shown today 34.5 sen with 7800 over lot waiting to be dispose to want to BUY, not yet mentioning 35 sen above waiting to dispose. weiboy90 was right too, you need to push the mother as well. if this don't happen then can convert to mother share if you bought at 30 sen "2.15" to 35 sen "2.20 , touch wood mother share won't be push down to 2.20 below. HOLD may be another option. Good Luck to WCT WB holders
Saw a positive write up in this weekend"s The Edge promoting WCT's warrants especially WB, currently trading at about 6.6% discount with revised conversion price of RM1.85 ( to be announced on Tuesday 11th Dec).
In fact a couple of Bloggers also bought WB, and are waiting just like us, for the spike up in WB's price after 11th Dec, to around 50 sen level.
Notice to Holders of Warrants 2008/2013 (“Warrants B”) of WCT Berhad (“WCT” or “the Company”)
WCT BERHAD
Type Announcement Subject OTHERS Description Notice to Holders of Warrants 2008/2013 (“Warrants B”) of WCT Berhad (“WCT” or “the Company”)
Reference is made to the Company’s announcement on 23 November 2012 in relation to the Entitlement Date for the Bonus Issue of Shares and Bonus Issue of Warrants. Please be informed that the exercise price for the Warrants B held in WCT will be adjusted in accordance with the provisions of the deed poll dated 12 March 2008 constituting the Warrants B ("Deed Poll 2008/2013"), as a consequence of the Bonus Issue of Shares and Bonus Issue of Warrants, of which details pertaining to these corporate exercise undertaken by WCT are set out in the announcement dated 6 September 2012. Further, in accordance with the provisions of the Deed Poll 2008/2013, the said adjustment to the exercise price of Warrants B will take effect from 11 December 2012, being the next market day following the entitlement date for the Bonus Issue of Shares and Bonus Issue of Warrants. This announcement is dated 6 December 2012.
----- means we get to know new exercise price before market open on 11 dec?
that page states, status as at 30/8/12. That day wct close at RM2.65. The share close at RM2.78 on 5/12/12. The exercise price should be RM1.94 [RM1.85 x 2.78/2.65].
Amended Announcements Please refer to the earlier announcement reference number: MI-110301-63287
WCT BERHAD
Instrument Type Warrants Description Adjustment to the exercise price of WCT-WB Listing Date 28/04/2008 Issue Date 23/04/2008 Issue/ Ask Price MYR 0.2500 Issue Size Indicator Unit Issue Size in Unit 139,887,452 Maturity Date 22/04/2013 Revised Maturity Date Exercise/ Conversion Period 5.00Year(s) Revised Exercise/ Conversion Period Exercise/Strike/Conversion Price MYR 2.5000 Revised Exercise/Strike/Conversion Price MYR 1.8500 Exercise/ Conversion Ratio 1 Warrant : 1 WCT Share Revised Exercise/ Conversion Ratio Mode of satisfaction of Exercise/ Conversion price Cash Settlement Type/ Convertible into Physical (Shares)
Remarks : The exercise price for the warrants 2008/2013 held in WCT Berhad ("WCT") ("WCT-WB") has been revised from RM2.50 per ordinary share of RM0.50 each held in WCT ("WCT Share(s)") to RM1.85 per WCT Share in accordance with the provisions of the deed poll dated 12 March 2008 constituting the WCT-WB ("Deed Poll 2008/2013"), as a consequence of the Bonus Issue of Shares and Bonus Issue of Warrants, of which details pertaining to these corporate exercise undertaken by WCT are set out in the announcement dated 6 September 2012.
Further, in accordance with the provisions of the Deed Poll 2008/2013, the said adjustment to the exercise price of WCT-WB takes effect from 11 December 2012 (as at the date hereof), being the next market day following the entitlement date for the Bonus Issue of Shares and Bonus Issue of Warrants.
A notice setting out the details of the adjustment to the exercise price of WCT-WB pursuant to the Bonus Issue of Shares and Bonus Issue of Warrants will be despatched to the holders of WCT-WB in due course.
I am stunned there are sellers in the low 40's...You would think their remisier executing the sale would advise them of the adjustment to the exercise price thus morning.
BURSA just annouced the revision of exercise price of WB to RM1.85 and WC to RM2.04. Based on closing price of WCT at RM2.45, WB and WC are both worth RM0.60 assuming no premuim for WB and about 8% for WC. Buy now as this news are widely known yet!
RM0.60 should not be the maximum.It should be the minimum.There should be a little bit of premium attached to it, although it is expiring on 23 April 2013.
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Posted by gark > 2012-12-07 10:00 | Report Abuse
kcchong,
shhh.. not so loud yet.. I am still not done buying.. this info is already publicly available since 1 month ago, when the WB is 23 cents...:)