normally i'll consider 5~10% premium as reasonable range, just personal preference
if you are intending to play this one, you'll really need to be on cautious. the expiry is long but the moment they offer GO after breaching the shareholding limit - the expiry date is not the most important parameter to evaluate to my opinion
the offer for the WA might be based on the price the offer for the underlying without any premium - refer to previous KFC-WB case
it is the premium over the base reference price of underlying that matter
The best way is to sell off the counter in exchange for other counters with similar price but with more volume and potential. This counter is DEAD ! No hope for rebound.
going to maturity date this warrant ...this warrant worth 0.4 for maturity date! sure up!! still got other 0.2 must up again! if not up!!! TMClife will rugi...let you change mother share price cheap
PETALING JAYA: Market speculation that TMC Life Sciences Bhd may be involved in a corporate exercise has led to punters chasing up the share price by 15.63% over the past two trading days.
Singapore billionaire Peter Lim Eng Hock is rumoured to be thinking of parking all his healthcare services assets in Malaysia and Singapore under TMC Life, according to sources. Lim is a major shareholder of the company with a 76.57% stake.
Its shares closed yesterday at 55.5 sen, way above the mandatory general offer (MGO) price of 48 sen that Lim had offered in August.
The corporate exercise, sources said, would see two hospital assets – Tropicana Medical Centre in Petaling Jaya and Thomson Medical Centre in Singapore – being parked under Bursa Malaysia-listed TMC Life.
Sources said Lim was looking to execute the corporate exercise given the current strong appetite for healthcare assets, which tend to command a premium to market valuations.
“A stronger control of TMC Life would allow Lim to inject his Singapore assets under one entity. This would see Lim indirectly re-floating the Thomson Medical Centre on the Malaysian stock market at a higher premium,” a source said.
Lim wholly-owns Thomson Medical Centre Pte Ltd, which was once listed on the Singapore Stock exchange. It was privatised in 2011 by Lim via his vehicle Sasteria Pte Ltd in a deal that valued it at S$513mil (RM1.31bil) or S$1.75 per share.
It was then reported that the privatisation had valued Thomson Medical Centre at up to 30 times estimated street earnings in its financial year 2011.
“Thomson Medical could easily fetch premiums of anywhere between 40-50 times forward earnings,” a healthcare analyst said.
In early August, Lim acquired an additional 26.6% in TMC Life from tycoon Tan Sri Vincent Tan Chee Yioun for 48 sen per share, raising his stake in the company to 59.2% and triggering an MGO for the rest of the shares he did not already own.
When the MGO closed on Sept 18, Lim had increased his stake in the company to the current 76.57% stake.
In a recent announcement to Bursa Malaysia, TMC Life said it was planning to address the non-compliance with the public shareholding spread requirement, which stated that a company must ensure that at least 25% of its total listed shares were in the hands of public shareholders.
It noted that Lim intended to retain the listing status of the company, which would explore various options or proposals to rectify the public shareholding spread.
why TMCLIFE_WA up!!! TMClife-wa will reach 0.4 this week the TMCLIFE-wa now price is 0.23 is consider cheap! so they will push up TMCLIFE-wa to 0.39---0.4 or above... therefore , singapore billionaire will huge buying the Warrant to covert the share more cheaper....so this week TMClife-wa will reach 0.4 soon
Source from http://www.osk188.com/news/newsMain.jsp?stockCode=0101WA Instrument Type : Warrants Description : Free detachable warrants ("Warrants") issued pursuant to the renounceable rights issue of 200,593,250 new ordinary shares of RM0.10 each in TMC Life Sciences Berhad ("TMC Share") ("Rights Share") ("Rights Issue") Listing Date : 22/12/2011 Issue Date : 22/12/2011 Issue Size in Unit : 401,186,500 Maturity Date : 22/12/2014 Revised Maturity Date : Exercise/Conversion Period : 3.00 Year(s) Exercise/ Strike/ Conversion Price : MYR 0.4000 Revised Exercise/ Strike/ Conversion Price : MYR 0.0000 Exercise/ Conversion Ratio : 1 Warrant: 1 TMC Share Revised Exercise/ Conversion Ratio : Mode of Satisfaction of Exercise/Conversion Price : Cash Settlement Type/ Convertible into : Physical (Shares) Remarks : The Warrants are issued free pursuant to the Rights Issue on the basis of two (2) Warrants for every one (1) Rights Share subscribed. Each Warrant entitles the holder to subscribe for one (1) new TMC Share at the exercise price of RM0.40 at any time from and inclusive of the Issue Date until the Maturity Date (inclusive) ("Exercise Period"), subject to adjustments in accordance with the provisions of the deed poll dated 8 November 2011 constituting the Warrants. Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid. This Announcement is dated 21 December 2011.
hahah buller new here!!! conversion price is 0.4 , ration is 1wa: 1 per share! so now is Warrant market is 0.23 , still got 0.17 space will up to reach 0.4! ....hahaha
hahah buller new here!!! conversion price is 0.4 , ration is 1wa: 1 per share! so now is Warrant market is 0.23 , still got 0.17 space will up to reach 0.4! ....hahaha
u on drugs is it? kakakakak. exercise price @ .40 la
let i told you! The TMClife Wa is going to up higher point between 0.39--0.4 above...The warrant concersion rate is 0.4...it is not possible tmclife take 0.23 change the 1 mother share 0.4......it will make the tmclife-wa more than 0.4 between maturity date.....who want make the no money business and rugi business....
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Kk8291
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Posted by Kk8291 > 2012-04-01 14:01 | Report Abuse
anyone buy this warrant?