Warrants will expire on 18 Dec 2018 but suspension of trading shall be 10 market days before the expiry i.e. by 4 or 5 Dec 2018. Exercise price is 7.96 hence the intrinsic value of genting-wa is zero. Fair value now is zero with 2 and half months to trade. Trade with cautious since at current mother price and with almost 2 months to suspension of trading, the genting warrants are trading at huge premium
What could be the possible reason to buy genting-wa at this time when it's taking its last breath to maturity and going to be zero soon. I still see traders are bidding to buy this warrant. Any thoughts?
Will KT Lim convert his 400+ million warrants & spend $3,184 million in the process??? Or easier to just dump all & get $40 mil risk free before it becomes ZERO soon?
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....
nbrlatex
341 posts
Posted by nbrlatex > 2018-07-16 20:38 | Report Abuse
Target rm 0.80 soon