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.
@Yu_and_Mee. Look at EITA BI 1 for 1 and Warrants 2 for 3. EX-date 27/1 and Oversea Enterprise Share Split 3 for 1 ; Warrants 2 for 1. EGM date 2nd Feb.
Kobay has BI of 2 for 1 but no Warrants. G3 Global has BI 3 for 1 . EGM on 5th Feb. Expected to complete end February.
JFT have a join venture plant with Huawei announce earlier. Will start operation second half of the year. With Biden won election, the US-China door will open again as well as Huawei ... Second half, JFT also plan to apply and move to Main Board soon (When KWSP etc pump in money - You can see t he opportunity)... If you can see, KESM is one of their small customer .. and how far the stock price have go.
@ Creszz. You are right in that 1 for 3 warrants is after bonus issue of 1 for 1. So what it means is that if you have 3 lots of EITA , after bonus issue you have 6 lots of EITA, entitling you to receive 2 Warrants.
@ 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
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
@ hakubasnow Just to clarify, if the Warrants is in the money like JFTECH, the opening price of the Warrants should be Mother Share Price- Exercise Price + Premium of Warrant ( if any) RATHER than start from 0.05.
@ 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.
Joma83 and fukujin.Give me 10 market trading day.If im wrong I appology.If u 2 wrong please appology.This is a democratic countrY.Freedom of speech.If everybody speak can go to jail, please if u wrong u all go to jail.Can we do tht? Old mentality.
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
@ 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.
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
@Micheal Kwok... I only ask if u have license.. only bank can give buy of sell call... If people make a police report and forward to sc on you for making calls you are in big trouble my friend.
I don't dare to sell my current shares as i only have 500 units. If on 3 Feb the price can be around 2-2.10 then i will hv confidence to sell my 500 units first ...what do u think @hakubasnow
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....
wkkht
957 posts
Posted by wkkht > 2021-01-21 16:23 | Report Abuse
Only counters that have announced the bonus issue date can keep rising. (EITA, FOCUSP)