@moneylai, every warrant has their own characteristic and price is based on their underlying stock exercise price, maturity, etc, calculated using certain formula as regulated by SC.
as im never try to calculate it (based on the formula given), i hve no idea how the price will be derived. for me thats not very important.
the mother price is now falling and im just wait it to fall further and only react once the warrant go live and see if mother will be pushed up or pressed down later
Basis of determining the issue price and exercise price of the Warrants B
The Warrants B will be issued at no cost to the Entitled Shareholders.
The exercise price of the Warrants B will be determined and announced at a later date by the Board after obtaining the relevant approvals but before the Entitlement Date.
The exerciseprice of the Warrants B will be determined and fixed by the Board after taking into consideration, amongst others, the following:
(i) the historical price movement of GBGAQRS Shares; (ii) the VWAP of GBGAQRS Shares prior to the price-fixing date, with a discount of up to 10% based on the market based principles; (iii) the prevailing market conditions; (iv) the rationale of the Proposed Bonus Issue of Warrants as disclosed in Section 4 of the Circular; and (v) the future working capital requirements of GBGAQRS Group.
For illustrative purposes, the illustrative exercise price of the Warrants B is assumed at RM1.27 which represents a discount of approximately 9.54% to the 5-day VWAP of the GBGAQRS Shares up to and including the LPD of RM1.4039.
The Board wishes to emphasise that the illustrative exercise price of RM1.27 per Warrant B should not be taken as an indication of or reference to the actual exercise price of the Warrants B, which will be determined and announced on the price-fixing date.
bought at 1.07.. last support 1.01.. broke that then I have to cut loss.. hopefully it can close above 1.06 today and make a green hammer.. only then we will see big chance for it to climb up tomorrow..
why you scared of negative comments..just saying the reality of this counter..only a noob would be influenced by comments on i3investor lel...here just to discuss and talk cock..
Gabungan AQRS was testing the RM1.11 level in its latest session. It may move higher above this mark with a target price of RM1.23, followed by RM1.30. Meanwhile, it may continue to trend sideways if it fails to breach the RM1.11 mark in the near term. In this case, the immediate support is anticipated at RM1.00, whereby traders may exit on a breach to avoid the risk of a further correction.
Thank you. Exited mother and warrant with 2k profit. Mother cut loss but covered by warrant profit. Damn surprised that warrant can limit up. Till next time guys. Good luck.
@ wantousek , Some of my frens expect the warrant to be at 40 sen tmr. But i think its too high. And im not waiting to convert it. So just sell and make profit now. Profit on hand is so much btr than taking risk. I expect the warrant to be pushed down soon. But who knows, maybe it will go up as predicted by my frens.
at least I dun ask dumb questions whether warrant entitled to dividend...ask other ppl go study padahal such a basic thing regarding warrants also don't know...whoops
Agreed. I also got invest in Ranhill and UEM Edgenta. Very profitable counter. Unfortunately, the construction sector is bearish due to new government policy, but this is good time to buy some for next two years returns.
KWAP & EPF have been disposing. Each hold abt 3% shares left. Not sure if they want to dispose all. It might hve to do with political factor between PH and ex BN cronies.
Or just simply bcoz weak sentiment of const so they decide put it in somewhere else.
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....
williamlsbeng
57 posts
Posted by williamlsbeng > 2018-09-30 20:59 | Report Abuse
Shares players waiting for RM 1.00 then start buying