Luckily did not cut loss this morning when drop to 0.915, looks like possible back to above 1.20 before listing of warrant. If really so, then warrant might value above 1.00 on 1st day of listing.
ZoneFD, Let say warrant 1st day of trading on 2 May, If mother share closing at 1.20 on 30 April, Then open price of warrant will be 1.20 - 0.38 = 0.82
Looks like those who bought at above 1.20 before ex-date don't need to cut loss. Hope next week could back to above 1.20, then warrant has high chance value above 1.00
Profile for Securities of PLC CAELY HOLDINGS BHD Instrument Category Securities of PLC Instrument Type Warrants Description Warrants 2018/2021 issued pursuant to the bonus issue of warrants ("Warrants") Listing Date 26 Apr 2018 Issue Date 23 Apr 2018 Issue/ Ask Price Not Applicable Issue Size Indicator Unit Issue Size in Unit 40,000,000 Maturity Mandatory Maturity Date 22 Apr 2021 Revised Maturity Date Name of Guarantor Not Applicable Name of Trustee Not Applicable Coupon/Profit/Interest/Payment Rate Not Applicable Coupon/Profit/Interest/Payment Frequency Not Applicable Redemption Not Applicable Exercise/Conversion Period 3.00 Year(s) Revised Exercise/Conversion Period Not Applicable Exercise/Strike/Conversion Price Malaysian Ringgit (MYR) 0.3800 Revised Exercise/Strike/Conversion Price Not Applicable Exercise/Conversion Ratio 1:1 Revised Exercise/Conversion Ratio Not Applicable Mode of satisfaction of Exercise/ Conversion price Cash Settlement Type/ Convertible into Physical (Shares)
Remarks : The Warrants may be exercised any time during the tenure of the Warrants of 3 years including and commencing from the issue date of the Warrants and ending at 5.00 p.m. on the expiry date (provided that if such a day is not a market day, then it shall be the market day immediately preceding the said non-market day). Each Warrant carries the entitlement to subscribe for 2 new Caely Shares at the exercise price of RM0.38 at any time during the exercise period (as indicated above) ("Exercise Period"), subject to the adjustments in accordance with the provisions of the deed poll dated 3 April 2018, constituting the Warrants. Any Warrants not exercised during the Exercise Period will thereafter lapse and cease to be valid for any purpose.
This announcement is dated 25 April 2018. Announcement Info Company Name CAELY HOLDINGS BHD Stock Name CAELY-WA Date Announced 25 Apr 2018 Category Listing Information and Profile Reference Number LIP-23042018-00001
Before ex bonus date Ni Shin already hold up 5.4K warrant shares. Technically shall trade at 0.74 or 0.80 depend tomorrow mother share opening belt. Look like this counter may inch up until price reach their target then may start to sell. If opening with low volume maybe is a good sign.
On 16 April, before ex-date of warrant, bought 4000 units mother share at RM 1.21 On 25 April, before listing of warrant, sold all mother share at RM 1.14, loss RM 334.85 On 26 April, sold all warrants at 0.785, gain of RM 1,556.90, net profit RM 1,222.05 Consider good investment with 25.10% return within 2 weeks.
heanlim2000 Cannot understand what you're trying to say. Anyway , the ex-date for free bonus issue warrants was on the 17/04/18. In order to be entitled for the free warrants your purchase of the mother share must be BEFORE 17th April
EX-date 17 Apr 2018 Entitlement date 19 Apr 2018 Entitlement time 05:00 PM
You must understand the whole process. Ex-Date is the cut off date. If you purchase anytime BEFORE 17th April you will be entitled to the bonus issue.
The entitlement time is the cut off time. Calely shares must be under your name by 5pm on 19th April. Let say you father have 50,000 Caely and decided to give you 10,000. He must by the afternoon of 19th April to transfer the shares to you name. Normally broking house set the time before 2 o'clock on t+2 (in this case 19/04/18) for the whole transfer process to be completed. So by 5pm your name will be in the Registrar record.
Agreed pump and dump stock. Tomorrow drop another 10 cents those warrant holder in break event liao. Today those sell laughing all the way to the bank. Look like will stablised at RM0.80
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....
makalingkong
82 posts
Posted by makalingkong > 2018-04-19 14:01 | Report Abuse
ok today 19 April 2018 is the Entitlement Date..so the listing date is 27 April 2018..Thank you...