BTW, the price is based on 5 day weighted average prior to expiry.

Expiry 29 Jan Friday, calculation will start from 22 Jan.

The last 2 days before expiry, the C1 will be suspended. You are at the mercy of the IB. Should they sell BAT and bring down the price by rm1 during the 5 days, they would have saved 10sen you get 5K less.

Posted by Simon_khoo > Dec 19, 2020 8:54 PM | Report Abuse

Hi Apprentice, I have 50k C1, cost @ 7c, so I can take the risk to wait till middle of 01/2021 to decide to convert or to sell, am I right?

Hi Simon, sorry for the delay. Didnt check this forum earlier.

Call warrants cannot be converted. C1 is issued by CIMB and not BAT.

The exercise price is 10.80 and ratio is 10:1.

Hence the actual value of C1 is 14.34 - 10.80 /10 = 35.4 sen

Should you wait until expiry, there is a calculation and CIMB will send you a cheque for the amount.

If you are confident by 29 Jan BAT is higher than now, then keep until expiry. Else sell it by mid Jan.

Posted by swagger855 > Dec 21, 2020 4:19 PM | Report Abuse

Naysayer turned glove supporter. I wouldnt be surprised once u sold tg, u will badmouth tg like the way u usually do.

You must be talking about yourself.

Posted by swagger855 > Dec 21, 2020 12:35 PM | Report Abuse

Oxford vacinne EUA out soon. Hopefully all the black hearted people get burned by ibs short selling.

We wonder who is black hearted.

Sam Singh, you using I3 as a platform to get into Canada as a citizen?

So you are not actually helping the 'helpless' workers, but yourself.

By the way, which country were you born in?

Well done Sam Singh.

Its just like someone telling you that your wife is having an affair and you seek a divorce lawyer to file for divorce without checking and verifying from your wife.

Looking forward to see you and your NGOs sued for defamation.

BAT needs to up its revenue and PAT to go back to its glory days of rm40.

If truly there is 400B hot money waiting, some will surely come to BAT.

JJ, I respect and value your opinion. BAT is already overbought as I see it. From below than rm10 to over rm14 in 2 months is fast. IBs would have collected BAT from before they issue CWs until now.

CWs are like dragons. Riding them when they are small, little dragons. At 30 sens, its quite matured and rather expensive and can burn the purchaser badly especially those close to maturity.

One has to do lots of homework before punting CW. But the risk is truly rewarding if one gets it right.

yes Simon, you can trade C3 and C4, but I dislike the ratio. 15:1

Agree with Uncle.

JJChan, bankers don't cut loss by buying mother BAT next 2 weeks. When they buy, it will increase the price of both BAT and the CWs and they lose more money.

They will sell or sell short BAT before expiry of CW to bring down the cash settlement payments. Trading volume of BAT is not high, so its easy to manipulate the price.

Simon, stay clear from CWs with less than 2 months to expiry unless you are confident the mother will increase by at least 10%. Anyway BAT has gone up 35% since the issuance of C1, so the upside may be limited.

You went around insulting others in their forum last few weeks.

Be humble. Owning PBB shares dont make you an elite. Your behaviour makes a man, not what you own.

Mr Sam Singh, with due respect, this is an investment forum. if you are unhappy with the management of Top Glove, it would be wise to take it up with the management of Top Glove. If you claim to be who you are, I am sure they will be more than happy to let you inspect the hostels, see the living environment and interview the foreigners or slaves as you believe they are, if you so desire.

Come back to this thread after you have spoken TG management and enlighten us about your factual findings.

Happy hunting, and by the way, 50% of foreign workers across the straits is cobvid positive. They have 54K workers, maybe its more meaningful to hop across and tell the kiasu about human rights.

Please be clear that there is no using any reserve for the 'bonus' issue.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3111962

Refer to para 2.2

It is in effect only a share split. Your RM1 note is exchanged for five 20 sen coins.

JP Morgan should put their money where their mouth is.

Issue structured warrants at exercise price of 4.00 with ratio of 4:1 since they are confident its only worth 3.50.

They must maintain the cw at 15 sen to prove themselves right and sincere about their evaluation.

Else sack the 2 monkeys.

MacQ cws are the most unfriendly and untouchable warrants. Most of them are out of the money throughout their short life.

I stay clear from MacQ CWs.

Posted by Hustle > Dec 11, 2020 10:37 PM | Report Abuse

Of course no I only under table structure warrant issue by Mr Lee humself

Hustle, you sure? You can be sued for libel.

Posted by Hustle > Dec 11, 2020 10:07 PM | Report Abuse

Lots of newbie dunno that warrant can convert to mother share nefore expired

You are the newbie here. Go learn more before posting misinformation and one line posts.

Yes, you shall receive 61 shares if you subscribe to the DRP. If you intend to be a long time investor, then its good to accumulate. If you intend to sell within the next 3 months, then better not as the odd lots will cause you headaches.

By the way final dividend will be about 20 sen paid in Apr or May and another DRP will be forthcoming.

For those participating do not forget to sign and affix a RM10 stem hasil on the form.

Just to clarify since I had participated from the 1st DRP back in 2010. If you wish to receive cash dividend, ignore the form sent to you.

If the price a day prior to X date is 8.00, then the next day shall be 8.00 minus 13.5 sen, 7.86.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3108905

Ice Cool, check para 6.

Rumour was the DRP was supposed to be discontinued this year, but due to the Hyflux problem in Singapore, it was maintained.

patient, for your Q1 and 2, pls read my comments earlier. Btw 85% to 90% of the dividends paid subscribed to the DRPs. I didnt miss any.

As for Q3, PBB's book to price value is more than double, people are paying more as some claim its growth is faster than other banks.


PBB license will not be withdrawn, but the fear is the boss's shareholding will be diluted after his death. Tan Sri Teh holds 24$ of PBB under the grandfather's rule. Once he is gone, no one single person can hold more than 5%, therefore his shares will be floated, which may affect the price.

GLCs collectively holds about 62% while foreign holding is around 18%. So MBB cant move without the GLCs pushing it up.

Due to high dividend pay out and attractive DRP, it makes no sense for long term investors for MBB price to increase. Lower price means more shares to subscribe under DRP.

Many small investors have asked for the DRP to be discontinued. Np one will listen. Small investors have no voice in the business world.

money game, 11 years ago MBB BOD bought BII (Bank Indonesia) shares at inflated price, causing MBB price to drop from above 10 to 3.XX. The US financial crisis did play its part in the rapid decline as well.


The whole BOD were removed and the purchase price was revised downwards but by then MBB has dropped to below RM4. To increase its cashflow, MBB called for rights issue at 3.74 in Apr 2009.

Bpught some at that time and must say best investment ever made.

Good for you 7300

Apple, you and your firm's analysis is worse than a rotten durian. Been saying GenM is worth 2.50 for past 6 months. Glad you are not my broker.

Suggest you quit and get a job befitting your incompetence....which is stay home and keep quiet.

For those opting for full cash payment, no action required when receiving DRP forms. If registrar don't receive your form means you want cash payment.

Only those subscribing to DRP need to fill the form. Your entitlement is clearly stated in the form.

For those with 1000 or 2000 shares, I suggest you take cash as DRP needs a rm10 stem cukai, immaterial of amount subscribed. 1 share or 1 mil shares, its rm10.

Hope it helps.

Thank you for defending mbsb, been dropping for 4 yrs now with 5 bil ringgit impairment and right issues.

Can buy at 1.20 for 2 sen dividend but drop to 90sen....that's 5% DY.

Secretly I prefer MBB to be cheap or cheaper as I have enjoyed the high dividend and DRP right from the start.

The lower the price, the more shares I can purchase/exchange under the DRP scheme. Thru the DRP my shareholding has increased more than 50%, not including the cash back.

DRP fixed at 8.00.

That's fantastic news.

Jururawat, obviously you prefer companies that keeps the profits all to themselves and give peanuts to shareholders?

Then I suggest you buy MBSB, Affin or AFG. Then again, its not making the price go up in spite of giving low dividend.

BTW, Nestle pays rm2 plus and Panamy pays rm1plus dividend and its still at 140plus and 37plus respectively. Don't see it hurting their balance sheet.

Still waiting for calvin's 7.00.

I suggest calvin go back to his penny shares where a 10Mil loss will wipe out the company.

I believe those investing in MBB are smarter than what calvin thinks.

The news was out in May 2018, Calvin, so wake up.

Maybank has dropped from 10.70 since then.

11 months old story Calvin.

I believe in apple. So please sell apple above 3.20 before it drops to 2.00. Also tell all your fund friends to sell and get out of GenM.

I am disappointed GenM has not dropped to 2.50. Still waiting.

Apple please sell down as instructed by your clients right now since you so sure it will be 2.50/2.00 soon.


I be happy to see your clients make 'profit' since they bought GenM 2 yrs back as you said. They sure be glad to follow your firm's advice to sell now.

2.50 by next week please, apple? And 2.00 a week later? Please, please.

Lots of chatter but my questions remain unanswered by apple or penguin.

Anyway when you say bloodbath, what are we looking at? 2.00 ? 1.50 ? Or just a figure you pluck from the sky?

And why are your clients waiting for bloodbath before selling? Sounds stupid.

You so sure? The IPPS were under GenB or GenM ?

DRP should be about 8.30 to 8.50 if price maintain at below 9.30

Yep, at its lowest 5 yrs ago was 3.30

Price dropped with extremely low volume last 2 weeks too, so?

break 2.0? Whats your basis?

Its because of the 'crazy' profits that LGE is imposing more sin tax. So making too much money is also a sin.

He owns half of GenM, what to do?

Everyone has short memories and market will recover soon enough.

When Fed announced 4 rate hikes for 2019 last year, a round of sell off ensured. Now Fed says no more rate hike for this year, sell off again.

Rate hike, sell off, no rate hike sell off too. An excuse for traders to take profit.

Somebody with lots of GenM been unloading for the past month.

Seems to be throwing at buyer price. Be patient until they run out of shares to sell.

The 11.7 M shares were not cancelled. Its been transferred from treasury shares to ESOS priced at 3.40 each.

Meaning the number of shares of GenM unchanged but sold to employees at 3.40 a share.

The way he put it is like either be more flexible and have higher NPL or we will impose windfall tax on banks. After the market dropped only he altered his statement.

He keeps thinking he is still in the opposition and engaged his mouth before his brains.

Anyway price will recover and those who bought on lows will make some in coming days, especially call warrants.