What will happen to Bursa Index when ValueCap invest on November? IMHO, most of the people *believe* Index will stand above 1,700 point. If this statement is true, HG is worth for 14.5c and another concerned is the expired date just 1 month away to 30/11/2015. But market is unpredictable, please judge your own to invest.
on maturity date you cant sell or buy... last trading day is 25 Nov 2015... if you stil holding this warrant, the warrant issuer will pay you back the intrinsic value based on some average price of few days prices....
thx for the explanation popcorn,guess i will just hold it then.. malaysia share will just keep drop n dropping .. budget was crap, nothing special only share will just keep dropping from my opinion...
ya, u see this con people counter, they control the price... when market is 1710, this share .185, now market 1678, this share become lower .18... alamak... cimb = con international merchant bank
i though the price that cimb buy back from us is based on the closing index at 30 nov ? can anyone sifu please explain to me how the settlement price of hg will be calculated thank you
Index call or put warrant settlement last market day, example hg, 30 nov.If Hong Kong or China a50, settlement 26 nov ( for warrant expire in nov ).Biggest risk, we don't know expiring call/put worth how much( last trading date ).Unlike supermax c1,dsonic ce,inari ch settlement price,according last 5 market days ( usually vwap ).Index warrant settlement last or second last market day ( hk ) spot index futures settlement.Only 1 day, index warrants.
FBMKLCI-HG: PW FTSE BURSA MALAYSIA KLCI INDEX (CIMB)
Type Announcement Subject STRUCTURED WARRANTS ANNOUNCEMENT FINAL SETTLEMENT Description CIMB BANK BERHAD (CIMB BANK)
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED PUT WARRANTS OVER THE FTSE BURSA MALAYSIA KLCI (FBMKLCI) (FBMKLCI-HG);
We wish to announce that the FBMKLCI-HG expired at 5.00 p.m. on 30 November 2015 (“Expiry Date”) and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount
=
Number of FBMKLCI-HG x (Exercise Level – Closing Level) x (1/Exercise Ratio) x Multiplier
=
Number of FBMKLCI-HG x (1,800.00 – 1,670.00) x (1/667) x RM1
=
Number of FBMKLCI-HG x RM0.1949
The Closing Level of 1,670.00 is the reference to the final settlement price for settling the corresponding spot-month index future contracts on the Expiry Date.
The Cash Settlement Amount, less all exercise expenses shall be made by way of cheque within 7 market days from the Expiry Date. The cheques will be delivered to warrantholders by ordinary post.
From the notice: The closing level calculated by reference to the final settlement price for settling the corresponding spot -month index future contracts immediately before the Expiry Date.
so,1670 was yesterday future's price? if, today future's price is used, it could be even higher?
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....
EATs
15 posts
Posted by EATs > 2015-10-14 00:28 | Report Abuse
DOW 22,000 by DEC 2015