Gone up 6000% because base on price of RM0.05, this warrant has 10 years, so I believe it has plenty room to up. I will queue to buy at RM0.30 tomorrow, hope can get
If it's close RM0.305 today... probability to bearish 60%. If it's close under RM0.305, probability to bearish 90%.... If it's close at RM0.32, probability to bullish 50%... just my opinion... if you want hold this stock... wait next 2 days.... look what the direction of this stock.
With the mother share price of RM0.72 (unless it can further up 1st) + exercise price if RM0.70 and the W was already RM0.33 What can i say is just good luck if the mother share is not up!
you forgot the time value of the warrants. with 10 years expiration and a huge order book - most of which would contribute to bottom line in near future, a warrant of 10 years can be quite appealing
Current price of AZRB WA is 0.29, conversion price is 0.70. Which means, 0.7 + 0.29 = 0.99 sen. Mother now is only 0.70 sen. Premium is 0.99-0.7 / 0.70 = 30%. The lifespan is 10 years which is very long. Which means, the wa is very expensive at this price. Ideal premium is < 15%.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2938 views | 2 d ago
0:17
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....
Joel
4,580 posts
Posted by Joel > 2014-05-16 14:16 | Report Abuse
Collect today to keep & hold .