I have been collecting AMTEL & EITA when the price for both of this shares was around RM1.80. What interesting is that the companies (AMTEL & EITA) have fixed the warrants price at very low prices compared to the the mothershare.
Eita warrants was fixed @ 0.70 and AMTEL @ 0.65, these are the same scenario like Esceram when the warrants was fixed @ 0.20 and the mothershare kept going up around 90 sen.
Another one was Caely in 2018, warrants was fixed @ 0.38 and mother share went up to more than RM1
Made a lot of money on ESCERAM and Caely from bonus and when listing of the warrants. Hope it will be the same with EITA & AMTEL
AMTEL EGM is on 27th of January, I believe the entitlement will be sometime after CNY. But AMTEL 4Q Result should be announced before end of this month.
@HamsterHuat yes you can sell your original shares on ex-date and still be entitled to bonus and warrants. Bonus shares normally you can sell on ex-date but only through remisier not by yourself via online trading. But for warrants the company will announce a listing date.
Unless cases like ESCERAM and JFTECH, where the companies set a date for listing of bonus and warrants. So you can't sell your bonus on ex-date. But you can still your original holding.
And one shares worth looking right now is Solarvest
SOLARVEST HOLDINGS BERHAD * Bonus Issue Free Warrants 1 for 4 ( Warrants exercise price @ 1.50 ) * Bonus Issue 1 for 2 * Ex-date expected in 1st Quarter 2021 * Received approval from Bursa but need to pass shareholders approval in EGM * Today closing price already gap up 50 sen between mother share and exercise price * Collected myself when the price @ below RM1.80 * But do note that Solarvest is proposing free warrants and then bonus issue, in other word your bonus shares won't be entitled to free warrants. So if you buy 4000 Solarvest you will be getting 1000 warrants and 2000 bonus shares
Thanks hakubusnow andmcherman, is there anyway can see all the proposal. I know bursa and klse screener have it but unless everyday go scroll the announcements to see if there is any company propose something, else how do we know on the same day or one day after the company proposed? I am referring to proposal, not the approved date.
You can go to "..." More at bottom right of KLSE Screener app then go to "Entitlement" then you will see a list of upcoming dividends and share changes (aka bonus issue/ right issue etc)
Thanks innerpeace.. Those is already fixed. What I looking for is when first proposed. I know can see from announcement but need to scroll announcement everyday. announcement but, any other place can see
The following is an excerpt of the Circular for the past EGM
Basis of determining and justification for the issue price and exercise price of the Warrants The Warrants will be issued at no cost to the Entitled Shareholders. The exercise price of the Warrants has been fixed at RM0.70 each after taking into consideration of the following: (i) the historical price movement of EITA Shares; (ii) the TEBP of EITA Shares of RM0.66, computed based on the 5-day VWAP of EITA Shares up to and including 17 November 2020 of RM1.31 (being the last trading day prior to the Announcement) (“Price-Fixing Date”); (iii) the prevailing market conditions; and (iv) the future funding requirements of EITA Group. The exercise price of the Warrants represents a premium of approximately RM0.04 or 6.06% to the TEBP of RM0.66. The Board is of the view that the said exercise price is sufficiently attractive to increase the potential of the Warrants being exercised and accordingly raise additional funds for the Company in the future, as and when the Warrants are exercise. For illustrative purposes, the theoretical ex-prices of EITA Shares pursuant to the Proposals are set out in Section 2.3 of this Circular.
Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED BONUS ISSUE OF UP TO 1,856,249,934 NEW ORDINARY SHARES IN G3 GLOBAL BERHAD ("G3 GLOBAL SHARES") ("BONUS SHARES"), ON THE BASIS OF 3 BONUS SHARES FOR EACH EXISTING G3 GLOBAL SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")
Please refer attachment below.
Attachments G3 Global - Circular.pdf 312.8 kBG3 Global - Administrative Note.pdf 128.2 kB
Announcement Info Company Name G3 GLOBAL BERHAD Stock Name G3 Date Announced 20 Jan 2021 Category Document Submission Reference Number DCS-20012021-00004
My gut feelings is that EITA will touch 4.00 b4 ex-Bonus and warrants as the paid-up is only 130M and major shareholders hold around 65% leaving small free float in the market. I think lots of ppl have accumulated the share when it was 2.60 thus leaving a small amount left in the market.
Possible to do a EURO act pre and post bonus but with added bonus of free warrants.
@ hakubasnow Can you please advise when EITA ex BI and Warrants on 27/1, when can I sell the mother share without jeopardizing both my bonus and warrants entitlement.
Also just to confirm, 3 EITA share will entitle the holder for 3 Bonus shares and 2 Warrants. Am I correct.
Appreciate your assistance and hope you huat huat with EITA and Amtel.
There's a clear explanation : For example, if Mr X purchases 100 EITA shares on cum basis on 26 January 2021, Mr X should receive 100 shares on 29 January 2021 (instead of 26 January 2021). As a result of the bonus issue, a total of 200 EITA shares will be credited into Mr X's CDS account on the night of 29 January 2021 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 200 on or after the Ex-Date ie from 27 January 2021 onwards."
Only the free warrant you need to wait for further announcement of the listing, obviously they need to determine the quantity that you are entitled
Thanks @ hakubasnow. Just want to confirm if you have 1000 EITA, you are entitled to 667 Warrants after to-date on 27/1. On 27/1 onwards can sell EITA without forfeiting your warrants entitlement right?
I can safely sell all my JFTECH now and move funds to EITA. I think with a small share capital of 130 million and cornered plus good fundamentals, EITA can move above RM4.00 b4 BI entitlement date.
How is the closing today, strong? Since the annual report is out, does that mean Monday will sell on news? And if the company is buying back shares that is not a good thing right?
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....
happyhigher
417 posts
Posted by happyhigher > 2021-01-18 18:07 | Report Abuse
27th exdate warrant right?