I think drop is a healthy sign. Not sure why so many kept asking when bonus shares are in. I mentioned yesterday if you are not allowed to trade till 26 oct, there is no way to stop investors from selling it if the shares are credited into investors' account .
@BezzaDriver price already adjusted on ex date- 14 Oct.
Does anyone know the calculation of the Warrant please? have tried looking everywhere but can't find any info on how the warrant price is calculated, is there a ratio or something?
@treason84 ref price on screen 0.325 (actual is 0.3266)
Exercise price 20 cts, theoretically mother share price minus exercise price. However it is not always the case , listing on 26 oct can be above or below.
Why have alot of ppl want keep see rebound in the next sections ? When u choose for come in this counter, u must accept the share price will correction after. IF THE PRICE KEEP UP, WHEN DOWN IS MORE FASTER. So, what u need to do is close your market page, enjoy your life and study. You cut loss then ? See Mahsing up u go chase then ? Scold again . Keep Repeat the same thing ? When up , No GO. STAY AGAIN. Because what ? Human is FucxKing Greedy. SET THE PROFIT, SET THE CUT LOSS POINT. IF U CAN WAIT THEN WAIT. Everyone knew, this company will make huge profit for coming quarter then what u worried ?
Be careful all, sorry to say that my IB friend be informed that cancelled all the schedule jobs for pushing this stock. If drop 0.80 please cut loss / hold for mid term. I have sold all my ticket and 80% profit only. Good luck.
@treason84 the entitlement is 1 for 1 bonus with 1 warrant at exercise price 20 cents, maturity 3 years. Ex date 14 oct. On 13 Oct closing price 1.38.
On 14 oct, ex date, if you own 1 share , you will get 1 bonus and 1 warrant, total 2 mother shares and 1 warrant. Assuming you covert the warrant( just for eg) you need to pay 20 cents to get 1 mother share.
So Reference price for mother share is (1.38 + 0.2) ÷ 3 = 0.5266. Divide by 3 because 3 mother shares if you convert. Warrant reference price = mother ref price- 20 cents exercise price = 0.5266 - 0.20 = 0.3266.
To verify the formula:
On 13 oct closing : your total worth for 1 share is 1.38 On opening of 14 oct , your total worth is (0.5266 ×2) + 0.3266 = 1.0532 + 0.3266 = 1.3798 (2 cents discrepancy due to rounding issue after division)
Please note on our trading screen on 14 oct, ref price for mother share was round down to nearer 0.5cts ie 0.525. So ref price for warrant could be adjusted to reflect the rounding up , so could be 0.325 or 0.33
The theory is the total worth of your portfolio on the closing day prior to ex-date and on the opening of Ex Date day should be the same, regardless when stock coming in to your account.
On 14 Oct , the upper limit for limit up was calculated based on the ref price , so Esceram was limit up at price 0.825, ie 30 cts from 0.525
On 26 Oct, I believe the price for warrant is not restricted to this 30 cts limit from 0.325 due to warrant will be listed as a brand new stock with a new stock quote likely with a suffix W or W1
@Treason84 To note. Due to bonus share will be listed same rank as the original share, sharing same stock quote, so above formula is simple and straightforward . If it is quoted or listed separately with another quote or with a suffix, the ref price calculation will be different depending on the bonus issue condition.
Better cut loss while you can, next consecutive day will be more painful, remind you you are on the top peak of the mountain today will force you to climb down day by day in red,next trading day will touch 70 cent, another day will touch 60 cents. Likes what happened in August 20.
My broker mistakenly allow me over sold my stock here. End up i need to buy back 10 bid from yesterday closing price. May i know where can i make complaint re this?
Better cut loss now to preserve your money, you can regain back your loss next two day by playing contra V shape, when people screaming and panic selling, you can recover back your loss by intra day contra in this counter.
Josephn cut loss already? this company with such superb QR, I have confident this will raise till RM 1 for sure, anyone selling on current price will definitely regrest next week!
I already cut win, all glove counters rolling down hills from today, next 2-3 days will be very dangerous, I experience heavy loss before during August, not so stupid to try something again. I play intra day contra next 2 days when glove sector open in red and people scream. I could buy 60 cents next 2 days, why need to keep average price at 80+ cents for this counter.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Yong69
28 posts
Posted by Yong69 > 2020-10-16 11:31 | Report Abuse
Bezzadriver how about wa