Why still got people buying at 28-30.5 sen? Mother share at 52 sen at today's closing. Buying son at 28 sen + 46 sen = 74 sen on conversion. What a big loss!!! Who r the clever people buying???
Hi ran777, not bad. Being patient works sometimes also need some luck and right timing. Had my anxious sleeping nights too, sekarang boleh tarik nafas sikit.
Hi Siva, market is made of also day traders and small cap players.Getting a small margin of profit will satisfy their appetite.Generally they and me would prefer a stock of lower premium or price. Mother share would be costly and thetefore they would prefer to accumulate more shares at lower price i.e the warrant.Therefore more buyers, cheap to pick more and the price shoots faster than the mother share.In another context it is also said that when warrant moves along the mother share, it is healthy and indicates that a posible deal is imminent.Take the case off tgoffwa, it never moves when mother share moves.Some say that it may be an unheathy game or for the purpose of dumping by someone.Talking about convertion of wa to mother share is towards the expiry. So dont bother of the conversion issue, so far u r allert to throw when ur sense say right, do it prudently.Censof and its warrant seems to be healthy to my opinion.But final decision is urs.
Thnx.ran777 for the info. Today has been a good day for the warrant. Still holding on, may be till next week due to GST announcement. Hope things go right till than.
Profile for Warrants Instrument Type : Warrants Description : CENSOF HOLDINGS BERHAD (FORMERLY KNOWN AS CENTURY SOFTWARE HOLDINGS BERHAD) ("CENSOF" OR THE "COMPANY") BONUS ISSUE OF 43,025,000 WARRANTS ("WARRANT(S)") IN CENSOF ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY EIGHT (8) EXISTING ORDINARY SHARES OF RM0.10 EACH IN CENSOF ("CENSOF SHARE(S)" OR "SHARE(S)") ("BONUS ISSUE OF WARRANTS") Listing Date : 25/07/2012 Issue Date : 19/07/2012 Issue/ Ask Price : MYR 0.0000 Issue Size in Unit : 43,025,000 Maturity Date : 18/07/2017 Revised Maturity Date : Exercise/Conversion Period : 5.00 Year(s) Revised Exercise/Conversion Period : Exercise/ Strike/ Conversion Price : MYR 0.4600 Revised Exercise/ Strike/ Conversion Price : Exercise/ Conversion Ratio : 1 Warrant : 1 Censof Share Revised Exercise/ Conversion Ratio : Mode of Satisfaction of Exercise/Conversion Price : Cash Settlement Type/ Convertible into : Physical (Shares) Remarks : The Warrants are issued at no cost to the shareholders of Censof on the basis of one (1) Warrant for every eight (8) Censof Shares held by the shareholders of Censof whose names appear in the record of depositors on 18 July 2012.
Looking at the latest QR, if i were you i will cut loss or sell if there is break even. See tomorrow how market response to the result. Decision is yours. Good luck.
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Alex Chan
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Posted by Alex Chan > 2013-09-13 10:01 | Report Abuse
goring fail...back to 45