@Novice296, sorry to say that u brought 2000 shares cannot get a free warrant because u need to buy at least 3000 shares only then u will get a free warrant but need to buy it before 27th
Everyone entitled for warrant. Just that if you are holding like 2000 shares after bonus, then you will get odd no. warrant - 666 which is hard to sell all.
Good price to enter now @ 1.55. EITA has good fundamentals. Whilst there are ppl probably contra players selling aggressively, there is good accumulation as well. Bought 10,000 at 1.55 . There is great likelihood that the price will appreciate to 1st TP of 2.00 in few days time.
What @ SEE_ Research has written make sense. EITA has a small float and even after BI, the free float is probably less than 50 million shares. The possibility of reaching 3.00 is not impossible.
If you had bought 2000 EITA you total holding become 4000 (including bonus)
With 4000 EITA you are entitled to 1333 Free Warrants You can sell 1300 in the open market and balance of 33 sell under odd lot. Share with entitlement like bonus and warrants it's not difficult to find buyer in odd lot board, and it's better to sell your 1300 and 33 together on the same day to save on brokerage and get the price average out.
Many dont understand what is going on and start selling he he he. How I wish I have more to top up. Long way to go this counter, have seen this many time. kpower (accumulate since 0.50), greatec (accumulate since 0.80) to name a few. All the best. ;)
Rilex guys.. dont be emotional..trust the share.. looks to amtel, euro.. price should be be better then them.. cheers.. keep above RM3.. today is just 1st day after BI
@jinova546 yea but my concern is I still in paper loss even got the bonus share with current price rm1.47, seems not a good deal to buy before bonus lol?
before bonus 10000 shares @ RM3.32 = RM33,200
after bonus 20000 shares @ RM1.47 = RM29,400
Overall paper loss RM3800
is my calculation correct? sorry i'm new to market.
@Callurson Yes if you sell today, then your losses will be RM3800 But then you need to also include the 1 for 3 free warrant that you will receive. So with 20,000 EITA shares you will receive 6666 free warrants
Let say a day before the free warrant listing, EITA closed at RM1.40 Therefore the theoretical free warrant price will be 1.40 - 0.70 (exercise price) = 0.70 If you sold off all your 6666 free warrants @ 0.70 = 4,666 Your gain = 4666 - 3800 = RM866 Of course if EITA closed higher before the listing and the you manage to sell your warrants at a much higher price, you profit will be more than RM866
Hopefully new joiner did not get trap like us.. if not, pity to them.. us got free warrant n BI also get trap.. How about people just onboard this morning..
Hopefully they are survive if any..
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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....
Novice296
134 posts
Posted by Novice296 > 2021-01-27 09:43 | Report Abuse
if I hold 2000 shares, how many warrants do I entitle? haha kinda confusing. I saw some commented 1000 warrants.