Still opportunity to "cumulate" , BUY BUY while contra players cashing in !!! Next week or so will resume towards 0.51 or at least 0.45 , ma !!!! Bought some at 0.335.......
means that the new exercise price for WB is official 1.85 from its previous 2.50. meaning, WB trading at 0.35 is super discounted cause 1.85 + 0.35 makes the conversion to mothershare only worth 2.20 whilst mothershare is trading now at 2.36. So WB is undervalue and should be about 0.50. (2.35-1.85=0.50)
Wb, another puzzle in finance? Why is there still such a big discount of Wb with the listing of new WCT bonus shares today? WCT and Wb is trading at 2.39 and 36.5 sen respectively now. The discount of Wb, having another 4 months to expire, is still trading at a huge discount of 32%. One would expect those people who got their new WCT shares would sell off their new shares and use the proceeds to buy Wb. This would cause the fall of WCT shares and Wb would be bid up to equivalent prices somewhere in between. Why is it not happening? Market manipulation with traps or another upside potential for WCT and hence Wb?
i agree...i havent never seen a share where the company market capilisation is big, solid steady stock price with solid projects and have discounted warrant....lol. i am also confused.
There is still no announcement on exercise of wb warrant after bonus issue etc... It should be able to reflect it's value once those exercise shares are traded.
no automatic conversion, you need to apply to convert. Exercise price is RM1.85. WB is sold at discount now. At RM.365 (warrant)+ RM1.85(exercise price) =RM2.215. Mother share is at RM2.40. This mean that there is margin of safety for about RM.185. Quite a good margin.
lawrence, do you mean the wb warrants are not traded closer at its theoretical value as the market still not sure what's the real market price of the mother shares after exercise of warrants?
Are the WB expected to be exercised a lot after bonus issue?
yes. correct. the wb volume is still consider high. the deadline will be until april next year. someone has to exercise those volume in order to clear the volume. not all will keep wct share for long time.
WCT-EXERCISE OF 1,204,000 WARRANTS 2008/2013 ("EXERCISE")
LISTING'S CIRCULAR NO. L/Q : 66823 OF 2012
Kindly be advised that the abovementioned Company’s additional 1,204,000 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00a.m., Monday, 31December 2012.
see the first wave on next monday first. logically, those converted warrants will be sold on monday. If WCT has sufficient buying interest then it can sustain the price
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....
moneyking96
328 posts
Posted by moneyking96 > 2012-12-13 16:52 | Report Abuse
ram cheong, done?