Yes you can sell on ex-date and still be entitled to the company's entitlements. I have done this many times not only for bonus issue but also for dividends. Unless in the case of ESCERAM and JFTECH where the companies clearly stated the date to sell both the bonus and warrants.

I have also tried contra (without making payment) buying one day before ex-date and sell on ex-date itself - both the shares I bought and the bonus issue. For example you can purchase 1000 PBB at yesterday's closing price of 21.30 and sell 5000 today at 4.97. There will be contra loss initially, because the broking firm will on contra your 1000 shares but the 4000 bonus will eventually appear AFTER they confirm it on entitlement date.

Theoretical ex-price based on today's closing 3.60 will be :

(3.60 x 1.0) + (0.70 x 0.33)
_________________________
(1 + 1 + 0.33)


3.60 + 0.231
___________
2.33


= 1.64

No you can only see you bonus in your portfolio on 03/02/21 (Thursday & Monday are public holidays).

But you can still sell your bonus tomorrow together with your existing shares BUT only through remisier not by online trading. Same like Public Bank today, I already sold a few of my bonus shares today although it's not in my portfolio.

If the closing price of EITA today is 3.30 then the theoretical price tomorrow will be 1.51 (see my calculation above)

Tomorrow you can only sell your existing shares and bonus shares only.

The free warrants that you get from buying EITA, will only be listed around 2 weeks after tomorrow, presumably mid-February

So let say 11/02/21, the closing price of EITA is at 1.70, so the warrant theoretical price when it listed on 12/02/21 will be :

Warrant Theoretical Price = (closing price - exercise price)
Exercise price already fixed at 0.70

If closing price at 1.70, theoretical warrant price will be RM1.00

@hengsame, like in any share after ex-date, the price will depends on market force - demand and supply. Like you can see today PBB shot up to highest 4.97, but nobody accurately see predict 2 or 3 week from now.

Even Scientex with the free warrants that went limit up 3 times, on ex-date the theoretical ex-price was at 4.13 and now trading at 3.98

@Purshotamdas Nathermal

EITA Theoretical x-all price

(last cum price x 1.0)+(warrants exercise price x free warrant ratio)
_____________________________________________________
(1.0 + bonus issue ratio + free warrants ratio)

Warrant Exercise Price = 0.70
Free Warrants Ratio = 1:3 = 0.33
Bonus Issue Ratio = 1:1 = 1

So if today EITA closed at 3.30 :

(3.30 x 1.0) + (0.70 x 0.33)
_________________________
(1 + 1 + 0.33)


3.30 + 0.231
___________
2.33

= 1.51

Eita theoretical ex-all price tomorrow :

TC + 0.231
___________
2.33

TC being today's closing price

@Gy8169 tomorrow after trading hours. But definitely you can see in your account on 29/01/21 (* 28th Public Holiday)

At the price of 4.45 it's equivalent to 22.25, about RM1 up from yesterday closing

Those that already purchased Solarvest can go to https://tiih.online/ to register and participate
in the EGM and voting process

I registered and received mine :

Dear Sir/Madam,


We have received your request to participate remotely via live streamed meeting and online voting at the SOLARVEST EGM. of SOLARVEST HOLDINGS BERHAD which will be held at:

Date & Time: 05 February 2021 (Friday), 10:00 AM

We will verify and revert to you on the status of your registration after 03 Feb 2021.

Thank you.

Regards
Administrator
TIIH Online

@ lcmflily : Most likely evening of 02/02/21 or morning 03/02/21
The listing for both bonus and warrant have already been fixed on 03/02/21
There are no way you going to see you bonus or warrants in your portfolio any earlier than that

It may look like 3 months before the warrants and bonus entitlement are
all completed. But in actual fact due to the way Solarvest staggered the
whole process, it seems to run until May

Okay let me explain.

Normally it would take 9 or 10 working days after the announcement
for the ex-date or listing of new shares to take effect.

Example in case :

* Rhonema
- EGM on Monday 18/01/21
- Announced bonus free warrant 2 for 5 and ex-date on 03/02/21
- From EGM date until ex-date, took 10 working days excluding Thaipusam
holiday and Hari Wilayah

* Focus Point
- EGM on Monday 19/01/21
- Announced bonus 1 for 2 and ex-date on 03/02/21
- From EGM date until ex-date, took 9 working days excluding Thaipusam
holiday and Hari Wilayah

* Solarvest
- EGM already fixed on Friday 05/02/21
- Let day on the same day (5th Feb) announced bonus 1 for 2
ex-date on 03/02/21
- The ex-date is expected to be on MON 22/02/21 or TUE 23/02/21
excluding 11th Feb (half day trading) & 12th (CNY)
- The listing of Solarvest Warrant will another 9 or 10 working days later.
Which is between 5th March to 10 March depending on when the ex-date maybe.
- After the completion of warrants entitlement next will be the bonus issue.

The thing is we can't be certain when the share will start to move. No harm
buying when the price is still low. I bought a few Focus Point on 18/01/21 at
1.11 just for fun. The next day (EGM day) it closed at RM1.00 but the same day
it announcement the ex-date and started to move t=until above 1.40

@happyhigher
https://malaysiastock.biz/Company-Announcement.aspx?id=1289675
Try to download the attachment : Solarvest - Bonus Issue Circular.pdf

It's on page 3

It was even mentioned earlier when they proposed bonus and warrant on 15th December 2020

And to your other question, yes you can sell EITA or bonus shares on ex-date and still be entitled to the warrants

For EITA they are giving 1 for 1 bonus and 1 for 1 for 3 free warrants

To avoid getting odd lot it's wise to purchase in multiple of 3
For example 3000, 6000, 9000 and so on

Let say you buy 6000 shares
With Bonus Issue your total holding = 12,000
And with 12,000 shares you will be entitles to 4000 Free warrant shares

JFTECH bonus and warrants will only be credited after market on 02/02/21.

@ForceBWithU

You can sell both you existing AND your bonus shares on 27/01/21
Please refer :
https://malaysiastock.biz/Company-Announcement.aspx?id=1288439

There's a clear explanation :
For example, if Mr X purchases 100 EITA shares on cum basis on 26 January 2021, Mr X should receive 100 shares on 29 January 2021 (instead of 26 January 2021). As a result of the bonus issue, a total of 200 EITA shares will be credited into Mr X's CDS account on the night of 29 January 2021 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 200 on or after the Ex-Date ie from 27 January 2021 onwards."

Only the free warrant you need to wait for further announcement of the listing, obviously they need to determine the quantity that you are entitled

Just a tip : The best trick to play companies with warrant entitlement is to check the difference between exercise price and mother shares.

I have been collecting AMTEL & EITA at around RM1.80 since I found out both companies fixed the exercise price when they announced proposal for bonus and warrants. Amtel exercise at 0.65 and Eita at 0.70. More than RM1 difference. Even after adjusting for bonus on ex-date, the warrants should expect to open at a high price.

Right now counter that fits my warrant play is Solarvest, the warrant is fixed at RM1.50, and currently it's more than 50 sen difference. What's good about Solarvest is that the warrant will be listed first and bonus on another date. So adjustment for bonus theoretical x-price will not factor in warrants like JFTECH

@ Yu_and_Mee. Will depend on the closing price of JFTECH at mkt closing on 2nd February. For guidance, if JFTECH closing price is 2.70, the Warrants should be listed around (2.70-1.77) 0.93. Give or take a few sen difference.

Kindly confirm @ hakubasnow.

1.77 I think is exercise price for SCIB

@ ForceBWithU

Theoretical price for warrant on opening day will be :
Mother share closing price minus exercise price.

So if let say JFTECH closed on 02/02/21 at RM2.00
then the theoretical price for the warrant will be :
2.00 - 1.16 = 0.84

The lower the mother share closed on 02/02/21 the lower will
be the warrant theoretical price.

But if the mother share price closed LOWER than the exercise price,
the theoretical warrant price will be fixed at 0.005

For example Enra free warrants listed on 07/12/20
Have an exercise price of RM1.00
But the mother share closing price before warrant listing was 0.635
So the theoretical warrant was fixed at 0.005
But still Enra-WA opened 0.145 and went to the highest of 0.29

@HamsterHuat

Esceram-WB theoretical price is 0.515

You're confused taking the similarity like the case of Scientex-WC yesterday. That's because Scientex-WC theoretical price was 0.005,
because the Scientex closed at 4.09 but the exercise price for warrant fixed at 4.30, so theoretical price is at 0.005

@ kingrator : You can sell your existing shares and still be entitled to the bonus & warrants.

Although the listing date is on 03/02/21, technically you can sell your bonus shares on 02/02/21. I did this with Esceram . Same like JFTECH, Esceram listed the bonus and warrants on the same day - Monday 26/10/21, but I sold my bonus on Friday 23/10/21 @ 0.735

And the next day Esceram, opened @ 0.67 and the highest it went was 0.705.

I maybe wrong but don't expect the price on 03/02/21 for bonus & warrants to open higher, because this is the day that people try to reap their profit. Esceram-WA theoretical price was 0.515 and it opened at 0.43, went highest to 0.49 and closed at 0.40

On behalf of the Board of JF Tech, M&A Securities wishes to announce that 692,998,755 Bonus Shares and 461,999,170 Warrants will be listed and quoted on the ACE Market of Bursa Securities with effect from 9.00 a.m. on Wednesday, 3 February 2021.

https://malaysiastock.biz/Company-Announcement.aspx?id=1289833

So stop the saying that the bonus shares will be credited to your account tomorrow

I sold all my existing shares this morning, waiting for bonus & warrants. Good luck to you all

Using the formula to calculate theoretical x-price

(7.10 + 2.32) / 6 = 1.57

Your cost 7.10 x 7000 = RM 49,700 (ignoring brokerage, stamp etc)
So after ex-date your theoretical x-price for 7000 shares = 1.57

With 7000 shares you are entitled to :
21,000 bonus
14,000 free warrants

These bonus & warrants can only be sold on 03/02/21

So let say you sell you existing 7000 shares today @ 2.15 = RM 15,050

Let assume on 02/02/21
The closing price of JFTECH is RM 2.00

i) And next day you sell your bonus :
21,000 X 2.00 = RM 42,000

ii) And you sell you warrant at theoretical x-price (RM2.00 - RM1.16 = 0.84)
14,000 x 0.84 = RM 11,760

Total cost ..... RM 49,700
less
Existing shares ... RM 15,050
Bonus shares ... RM 42,000
Free Warrants ... RM 11,760

Total RM 68,810

Total Profit RM 68,810 - RM 49,700 = RM 19,110

@ Cyc115466, you mean 7000 shares or 70,000 shares @ 7.10

@ Cyc115466, how many did you buy and what's your average price

@ Cyc115466 : You can sell your existing share. I sold a few of mine. Only bonus & warrants you can sell on 03/02/21

Okay let do some calculation :

Let say you purchase 1000 JFTECH yesterday @ RM7.00
You are now entitled to 3000 bonus shares and 2000 warrants
You can only sell bonus & warrant on 03/02/21
So your cost = RM7000

Let say you sell your existing share 1000 @ 1.94
you get = RM1940

Lets take a modest price and say the closing on 02/02/21 = RM1.85
And the next day you sell your bonus and warrants

3000 bonus x 1.85 = 5550
2000 warrants x 0.69 (1.85-1.16) = 1380

Your total = RM1940 + RM5550 + RM1380 = RM8870
Your gain = RM8870 - RM7000 = RM1870

@ Happyhigher

Oh ya.. Warrant prce (mother share - exercise price)

My question.. Mother price tu refer closed price 1 day before warrant listing right

To calculate theoretical warrants price = Mother share price closing before warrant listing minus exercise price.

You can refer to today's listing of Scientex-WC.
Scientex closed @ 4.09 yesterday
Exercise price warrants = 4.30
Because the Exercise price is higher than mother share, the theoretical price for Scientex-WC = 0.005

@ Collin64

No lah that's the entitlement date for JFTECH not it's bonus shares.


The Bonus Shares and Warrants will be listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 3 February 2021, being 2 market days after the submission of the quotation application for the Warrants to Bursa Securities.

The notices of allotment for the Bonus Shares and Warrants will be issued and dispatched to all entitled shareholders not later than 4 market days after the date of the listing and quotation of the Bonus Shares and Warrants on the ACE Market of Bursa Securities.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3117789

Bonus shares & warrants will only be listed on 03/02/21, same like ESCERAM last time

This is a formula to see today's price compare to yesterday's
and how much the price has gone up

[(price) x (bonus + existing share)] + [ (price - exercise price) ]


[ price x 4 ] + [ price - 1.16 ]

So at current price of 1.94 :

[1.94 x 4] + [1.94 -1.16]

7.76 + 0.78 = 8.54 (up RM1.75)

@Collin64 : Bonus unit quantity 22nd jan this friday
Warrant unit quantity 3 feb

Where did you get the info that we will get bonus shares on 22/01/21 ?

@ YU_and _Mee

Anyone knows why new price is 1.51?
1.51 x4 = 6.04
6.79 - 6.04 = 0.75 for 2 free warrants? So warrants not free?
---------

Your calculation is wrong. You need to understand that price before ex-date and theoretical price on ex-date MUST be the same.

For example if the share price is RM5, with bonus issue 1 for 1 the theoretical ex-price should be RM2.50, because you get free bonus share. Same thing apply to any ratio be it for bonus or share split.

So lets apply this to JFTECH.
Closing price yesterday was 6.79, if you used my formula in my posting before this the actual figure is 1.5183, but Bursa took it as 1.51

So if you have 1000 shares = 1.5183 x 4 = 6.0732

For free warrant the formula should be :
(mother shares - exercise price)
So for JFTECH :
(1.5183 - 1.16) x 2 = 0.7166

So total = 6.0732 + 0.7166 = 6.7898

Theoretical x-price should be RM1.51

@Heilong : https://malaysiastock.biz/Company-Announcement.aspx?id=1274740
Download the attachement pdf

@happyhigher, will share later. I believe JFTech is very similar to ESCERAM in the way that the bonus and warrants are only permitted to be disposed on the same date (3rd February). Anyway for ESCERAM I sold a few of my bonus shares one day earlier before listing date thus got a slightly higher price.

2nd February is to determine the next day theoretical warrant price = closing price for the mother share minus exercise price.

last cum price is end of the day closing price before ex-date

The formula to calculate is like this :

(last cum price x 1.0)+(warrants exercise price x free warrant ratio)
_________________________________________________________________________
(1.0 + bonus issue ratio + free warrants ratio)

Assume last cum price = RM7.00
Warrant Exercise Price = 1.16
Free Warrants Ratio = 2:1 = 2
Bonus Issue Ratio = 3:1 = 3

(7 x 1.0) + (1.16 x 2)
______________________
(1 + 3 + 2)


7 + 2.32
________
6

= 1.55

You can test the formula on recent shares that gave bonus issue + warrants.

SCIENTEX
Bonus Issue : 2 for 1
Free Warrants : 1 for 5
Exercise Price = 4.30
Ex-date = WED 13/01/21
Closing Cum-Price for BI = 12.40
Theoretical X-Price for BI = 4.13

HOMERITZ CORP BERHAD
Bonus : 1 for 4
Free Warrants : 1 for 4
Exercise Price = 0.60
Ex-date = MON 14/12/20
Closing Cum-Price for BI = 1.03
Theoretical X-Price for BI = 0.785

** You can read in Homeritz thread on ex-date many were complaining
why the Theoretical X-Price was at 0.785 and not 0.825

If it were to close at RM7 today then theoretical x price tomorrow will be RM1.55 not RM1.75. Because you need to take into the calculation the free warrants. Same like what happened to Esceram.

Esceram closed at RM1.38 and next day the theoretical x-price for bonus and warrants = RM0.525 (1 for 1 bonus issue & warrants)

And one shares worth looking right now is Solarvest

SOLARVEST HOLDINGS BERHAD
* Bonus Issue Free Warrants 1 for 4 ( Warrants exercise price @ 1.50 )
* Bonus Issue 1 for 2
* Ex-date expected in 1st Quarter 2021
* Received approval from Bursa but need to pass shareholders approval in EGM
* Today closing price already gap up 50 sen between mother share and exercise price
* Collected myself when the price @ below RM1.80
* But do note that Solarvest is proposing free warrants and then bonus issue, in other word
your bonus shares won't be entitled to free warrants. So if you buy 4000 Solarvest you will
be getting 1000 warrants and 2000 bonus shares

@HamsterHuat yes you can sell your original shares on ex-date and still be entitled to bonus and warrants. Bonus shares normally you can sell on ex-date but only through remisier not by yourself via online trading. But for warrants the company will announce a listing date.

Unless cases like ESCERAM and JFTECH, where the companies set a date for listing of bonus and warrants. So you can't sell your bonus on ex-date. But you can still your original holding.

AMTEL EGM is on 27th of January, I believe the entitlement will be sometime after CNY. But AMTEL 4Q Result should be announced before end of this month.

27/01/21 is ex-date or cut-off date for bonus and warrants, to be entitled to bonus and warrants you need to purchase BEFORE the ex-date

I have been collecting AMTEL & EITA when the price for both of this shares was around RM1.80. What interesting is that the companies (AMTEL & EITA) have fixed the warrants price at very low prices compared to the the mothershare.

Eita warrants was fixed @ 0.70 and AMTEL @ 0.65, these are the same scenario like Esceram when the warrants was fixed @ 0.20 and the mothershare kept going up around 90 sen.

Another one was Caely in 2018, warrants was fixed @ 0.38 and mother share went up to more than RM1

Made a lot of money on ESCERAM and Caely from bonus and when listing of the warrants. Hope it will be the same with EITA & AMTEL

Do note that JF Tech will go ex on 20/01/21 but you CANNOT sell you bonus shares or warrants until the listing date on 03/02/21. Similar like what happened in Esceram in October last year. Many got caught and penalized with buying-in for selling the 'bonus' shares on ex-date

I believe the entitlement date will be announced after Greatech got listed on the main board

Posted by GooShen > Mar 25, 2020 12:43 PM

2.95 just now, hahaha you think everyone can do like me? Buy low sell high ? I can reveal more secrets why I can buy 2.50 sell 3.25 and now 2.97. Hahahahaha what’s my next step? Comment below let me know you are following me the excellent GooShen!!

What a joke is selling at RM3.25 before bonus issue and hoping for the price to come down further by posting Penta going to crash. Instead many here have been making tons of money even after the bonus issue.

Kikikiki stupid Gooshit

I'm glad I bought before ex-dividend, will try to collect a few more before the EGM