If mother shares don't go up, warrants unable to move as it needs 46 sen to convert into mother shares n just imagine say warrants today at 16 sen plus 46 sen will make 62 sen whereas u can buy mother shares cheaply at around 47-48 sen saving 14-15 sen without any trouble.
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.
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Posted by kcfan > 2012-07-25 09:08 | Report Abuse
Rise 1300% on begining morning .Cheers