ENGTEX GROUP BERHAD - WARRANTS 2021/2026
KLSE: ENGTEX-WB (5056WB)
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Last Price
0.21
Today's Change
-0.01 (4.55%)
Day's Change
0.205 - 0.23
Trading Volume
660,100
Overview
Type
Company Warrant
Sector
INDUSTRIAL PRODUCTS & SERVICES
Listing Date
08-Sep-2021
Maturity Date
04-Sep-2026
Issue Size
172,406,788
Exercise Price
MYR 0.40
Ratio
1:1
Timeline
Today: 22-Nov-2024
Listing Date: 08-Sep-2021
Maturity Date: 04-Sep-2026
Prices
Warrant Price
0.21
Exercise Price
0.40
Underlying Stock Price
0.565
Conversion Ratio
1:1
Indicators
Value
Intrinsic Value: 0.165 (78%)
Time Value: 0.045 (22%)
Premium
Premium: 0.045 (7.96%)
Gearing
2.69
Additional Info
Issuer
ENGTEX GROUP BHD
Description
ENGTEX GROUP BERHAD ("ENGTEX" OR THE "COMPANY") RENOUNCEABLE RIGHTS ISSUE OF 109,085,775 NEW WARRANTS ("WARRANT(S)") IN ENGTEX ON THE BASIS OF 1 WARRANT FOR EVERY 4 EXISTING ORDINARY SHARES IN ENGTEX ("ENGTEX SHARE(S)") HELD AS AT 5.00 P.M. ON THURSDAY, 12 AUGUST 2021 AT AN ISSUE PRICE OF RM0.03 PER WARRANT ("RIGHTS ISSUE OF WARRANTS")
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DividendGuy67
For the record, you must be a good trader to win with WB. You need to buy at very good times and sell at good times. And you cannot be inaccurate, because small inaccuracies can mean a difference between profit or loss. And this accuracy is hard work.
Personally, I avoid because it's a 3 foot hurdle for me - it means I really have to make a serious attempt and at this juncture in my life, I no longer look for 3 foot hurdles but low 1 feet hurdle where I can just walk over it and win.
So, I always trade the mother stocks now and so far this buy and sell stock works extremely well for me. It helps I have a sizeable account, so, I don't need the leverage and it helps it's not a zero sum game in stocks. Last year, I made over a dozen trades (buy, sell, closed) and it's 100% win rate. Open positions around 85% win rate on paper (and the losses small). To me, these are 1 foot hurdle. The certainty of winning is what attracts me. I want to know that before I enter the trade, that I have. very high odds to come out winning. And so, I avoid warrants trading. Just sharing.
For example, one of my worst trades is MAGNUM - I published it in my blog. I chased at 1.16. After I chased, price went up and then fell and I sit on unrealized loss for some time. But because it is mother stock, there is no warrant theta decay. And eventually, market runs up, and now, it's a profit. And I took some partial profit at 1.29. Likely this will be another win. If you trade sound fundamental stocks with good fundamentals, even if your timing is inaccurate, you have very good odds of winning. And wins is what attracts me when trying to compound.
7 hours ago
jaynetan
My trades return 90 % derived from Warrants.
Need to understand
What are warrants
How they functions
The intrinsic value n the underlying shares
5 hours ago
TheContrarian
It's so strange some people are upset because I bought Engtex-WB at 41 sen.
3 hours ago
Rambutan9
Diviguy67,you made very good statements which are food for thought.Thanks
2024-07-24 13:10