ireferno

ireferno | Joined since 2013-01-03

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Stock

2013-01-14 09:11 | Report Abuse

When's the dividend date?

Hope for the government's approval on the labour cost issue. Then cost savings will be available to TopGlov!, which equals to higher price :D

Stock

2013-01-04 17:51 | Report Abuse

But you should consider the risk of election and people converting. Those warrants are in the money and it's expiring in April. People WILL convert, it's just a matter of when.
My advise is to take profit as soon as it touches 2.35-2.40

Stock

2013-01-04 14:09 | Report Abuse

Hold. Prices are soon to stabilize shortly.

Stock

2013-01-04 11:27 | Report Abuse

Roughly when will that be? When they announce the quarterly results?

Stock

2013-01-03 15:58 | Report Abuse

You can convert them now or after election when the price is recovered. It's highly unlikely that anyone will convert during the lows of election.

I'm keeping mine for now.

Stock

2013-01-03 15:23 | Report Abuse

It will cost $1.85 to convert each share. Making one lot about $185 excluding the fees which are quite negligible

Stock

2013-01-03 15:19 | Report Abuse

Lol, I just went to WCT's website and it's not working, all the links are not working..

Stock

2013-01-03 15:18 | Report Abuse

My remiser was really good. She even emailed me the conversion form. Just it's so expensive to convert..

General

2013-01-03 10:47 | Report Abuse

As at time of posting WCT-WB is trading at $0.35 and the mother share is trading at $2.32.

I've dug out that the exercise date is the following April, conversion ratio is 1:1 and the strike price is $1.85.
Mother share deducts the strike price to get an intrinsic value of $0.47(2.32-1.85). And this would be fully attributable to the warrant because the ratio is a mere one.
Shouldn't the warrant's price be worth $0.47? It's trading at quite a significant discount if you'd ask me.
Correct me if I'm wrong.