there is no level playing field in KLSE market. Because of the inequality issue, every body is cheese off by the double standard in this market. Work smart, play smart and HARVEST smart.
What is the outlook for g13 genting since it maintain above 1.50 for the past 2 days? for averaging down, is it a good time to do it or need to wait for further drop?
hi whp ... as of yesterday, g13 showing a good reversal sign. it is not certain to be a buy but technically showing signals of rebound soon. market down today, i didnt check sgx. busy with hkse.
I am no expert but I'll try. A) 1 right = 1 tmcl @30sen + 2 free wars. b) war. conversion is 1 for 1 tmcl @ 40sen c) since the war. is out of the money i.e conversion 40s is higher than the mother sh (tmcl = 33.5s)we assume that on listing the war. is quoted at 5 sen. d) therefore your rights share is worth 33.5sen + 5 + 5 - 30sen = 13.5 sen (because if you subscribe for tmcl at 30 sen you will get 1 tmcl + 2 wars. e) since tmcl right is quoted at 22.5 sen then they value the warr at 9.5 each and tmcl at 33.5 sen. Of course when the price of tmcl or right changes then the value of your warrant changes. If you think that the warrant will be lower then you will be better off selling the rights but if they push tmcl higher then the cost of your warrant is lower. I hoped that I am correct and please correct me if I am worng. Good luck
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Posted by stephenlee > 2011-11-23 00:58 | Report Abuse
there is no level playing field in KLSE market. Because of the inequality issue, every body is cheese off by the double standard in this market. Work smart, play smart and HARVEST smart.