WD is still new to the market. Interest should be there for quite some time. People won't convert WD now as it is more valuable to sell WD rather than convert.
that is the 1st batch of warrant wb that has been exercised at RM1.85. Those newly additional shares will be traded on 31/12/2012, next monday. Those newly added shares might be disposed off based on the current trend as wb is sold at discount.
wb will likely reflect the fair value after maybe 2nd to 3rd batches of exercise of wb. If after the 1st batch exercise, share price drop, it may affect confidence of holding wb, resulting in further drop.
WCT-EXERCISE OF 1,000,000 WARRANTS 2008/2013 ("EXERCISE") WCT BERHAD
LISTING'S CIRCULAR NO. L/Q : 66843 OF 2012
Kindly be advised that the abovementioned Company’s additional 1,000,000 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00a.m., Thursday, 3 January 2013.
Hi Lawrence, why do you think that "wb will likely reflect the fair value after maybe 2nd to 3rd batches of exercise of wb" ? So now the Wct share price is not stable due to the sell down of those people who exercise WB at 1.85 right?
It is one of the factors that should consider. WB selling volume is still considered high... 2nd batch new shares will be traded on this Thursday, see how it progress... if it fall below RM2.32 (the lowest price since ex-bonus issue), it may lead to further drop.
Theoretically, investor will sell as from the past trend there is no dividend declaration in 1st quarter. Investor will have sufficient time to wait for the conversion.
WCT-EXERCISE OF 1,668,100 WARRANTS 2008/2013 ("EXERCISE") WCT BERHAD
LISTING'S CIRCULAR NO. L/Q : 66849 OF 2013
Kindly be advised that the abovementioned Company’s additional 1,668,100 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00a.m., Friday, 4 January 2013.
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....
reyes430
204 posts
Posted by reyes430 > 2012-12-28 17:37 | Report Abuse
Hi lawrence, what u mean is, those people who converted their warrant into mother share are disposing the mother share now? right?