Posted by passerby > 2012-12-11 11:52 | Report Abuse

anyone playing this CW other than MC ? :)

Posted by Mat Cendana > 2012-12-11 12:02 | Report Abuse

Quite a few, I think. One guy bought it at 0.035 last week and should be smiling today. The long expiry date - it's almost like buying the mother itself. This one is good for a 1 sen profit but the buying price should be 0.04 and no more.

Posted by hoyt > 2012-12-11 12:57 | Report Abuse

am in. got potential to climb now that tm had dropped considerably.

Posted by Mat Cendana > 2012-12-12 09:33 | Report Abuse

Heavy buying at the start. Could that be the investment bank picking up the warrants which they unloaded in mass at 0.04 a month ago before the price gets higher?

Posted by tradersam 56 > 2012-12-12 09:38 | Report Abuse

mmmm ordy sold at 0.045 :( . Bot 0.035 ! shd have waited ...sigh!

Posted by passerby > 2012-12-12 10:33 | Report Abuse

lol, 0.05 wall is down

Posted by Mat Cendana > 2012-12-12 10:42 | Report Abuse

"Sentiments" and "Momentum" - these are the most critical elements when it comes to the stockmarket. Things like PER, DY, NTA and whatever else are actually secondary - if these are the most critical, counters like Mudajaya would be at 4.58 right now, not 2.58. Just a few trading sessions ago, it was all gloomy for TM-CU. And this was so since a month ago. But just like that, things have moved the other way.

The lesson for me - if the mother is a good-enough company, the premium "OK" and if there's at least 6 months left to expiry, I'm going to buy and just wait. Especially after the counter had undergone a correction.

Posted by tradersam 56 > 2012-12-12 11:20 | Report Abuse

MC your explanation is logical enough! TQ

Posted by aikane > 2012-12-12 11:24 | Report Abuse

Hi MC, would you advise people who bought at 3.5cents to sell now at 5cents or to hold longer?

Normally for CW, how long would you hold it if it is going up?

Posted by Mat Cendana > 2012-12-12 13:23 | Report Abuse

@aikane, I'm certainly not going to say one or the other because it's dangerous! You'll have to make your own decision:-) All I can say are these:
1) CU's strengths - long expiry date (30/9/13). Plus a very achievable ex price of 6.00 and reasonable ratio of 4:1. It's almost like you owing TM itself except at a much lower holding cost. Who cares about dividends when you can get (much) more from the warrants. Risks? Yes. But then doing *anything* will be a risk.

2) -CV issued by OSK - this is almost similar to CU. In fact, CU is BETTER. CV ex. 6.00 but ratio of 6:1, expires 26/8/13. But the market maker isn't releasing it at a similar price - they now insist on 0.10!! The lowest was at 0.08, when CU was 0.035. You have to ask "Why aren't they selling at near CU?" Or cheaper. You can also take that to mean CU is underpriced.

I don't have any fixed system when it comes to selling the CWs although I have a target. Often, it's just the unscientific "gut feeling" - running away when I feel the CW is losing momentum. "Make hay when the sun shines"... sell when the buyer is eager.

I've done okay so far with selling. Often, the CW would come down after that. BUT I've also run away too early and left a lot of money on the table. SKPetro-CA: bought at 0.065; sold WAY before it even reached 0.15! (it went to 0.26 had I waited just a few more days). With CU, you already have reasonable profit. BUT there might be more... Yeah, I know how tough it is: Take the profit now or wait for more?:-)

Posted by mansor80 > 2012-12-12 13:27 | Report Abuse

well said mc.. i'm also holding TM-CU @ 0.35.. maybe waiting a few days...

Posted by Mat Cendana > 2012-12-12 13:49 | Report Abuse

Just to balance my earlier comment. I've also made mistakes in NOT selling early. It was/is with Dialog-CL: bought at 0.03. Went to 0.04 a few weeks ago but I was waiting for "a bit more" because it was also close to the ex price of 2.50. But the mother slipped back and so did the CL. It's now at 0.02. That's what we always have to face when we buy shares. CWs especially since there's an added element in the expiry date.

Back to TM-CU: although I'm not going to advise from either sell or hold, perhaps this question might help with the decision - Do you think you can get it back at 0.035 if you sell now? "Possible", as with everything else. But I don't think so... Remember its strengths: (1) long expiry date (2) Ex price achievable (3) Mother on an uptrend now. Might come in for a correction later but I don't think it will get back to its previous low any time soon.

Just be aware of the momentum factor and when traders make for the exit to lock in their profits or to cut loss (for those who came in later).

Posted by aikane > 2012-12-12 14:04 | Report Abuse

Hello Mat Cendana, thank you very much for your detailed writeup. It answered all my questions and I appreciate you sharing your experience with CWs with all of us here. :)

Posted by Mat Cendana > 2013-02-05 19:28 | Report Abuse

Might not be a good time to buy with the market like this. But can't help myself with this one. CU actually came back to 0.035! There's more than 7 months left to expiry so I'm in. Now comes the wait and hope institutional buyers will come in for the mother again.

Posted by Mat Cendana > 2013-02-06 11:09 | Report Abuse

Darn, bought it too early... as usual. Fortunately, had been cautious yesterday and bought only half of the planned capital for this one. Now, have to decide whether I'm going to use the other half to buy at 0.03 or wait.

Posted by AK $$ > 2013-02-06 11:26 | Report Abuse

Hi Mat Cendana, just wondering if you have considered Public Bank's CT.

Posted by Mat Cendana > 2013-02-06 11:39 | Report Abuse

AK $$, this is one of those CWs which I've not followed. CT: the info I have with me is most likely a bit outdated (yesterday's The Edge - haven't bought today's copy):
Ex. 15.60, Expiry 30/8/13

This one is in the money and with six months left. That means it's a cheaper alternative than buying the mother... if one feels Public Bank is going up. It looks like a `safe' CW (for the moment at least). But I don't really follow the Finance counters, with the exception of MBSB, Bank Islam and OSK on occasions, so I can't say anything more about it except for the above unfortunately.

Posted by AK $$ > 2013-02-06 11:55 | Report Abuse

Thanks for your feedback. But based on my checking on the Bursa site, the ex price is 14.30. I thot that was manageable.

Posted by azta12 > 2013-02-06 14:39 | Report Abuse

opportunity to collect TM cu,result to be released soon, PATAMI expected good, exceeded 1 bil mark.

Posted by AK $$ > 2013-02-07 16:54 | Report Abuse

Hi Mat Cendana,

Just as I spoke of the PBB-CT it moved 3sen today.

Posted by azta12 > 2013-02-22 15:45 | Report Abuse

TM result out nextweek(Wed),revenue expected making historical high, surpassing the 10 bil mark,collect now the mother had started to move.following maybank and axiata step.

Posted by azta12 > 2013-02-25 10:04 | Report Abuse

Grab.

Posted by azta12 > 2013-02-26 16:54 | Report Abuse

ready to rock.

Posted by azta12 > 2013-02-27 12:19 | Report Abuse

TM ,slow and steady.result today

Posted by nubhan . > 2013-02-27 14:41 | Report Abuse

why this stock picking up in volume? any incoming news?

Posted by azta12 > 2013-03-20 10:23 | Report Abuse

At current lvl collect. TM CEO & CFO abroad briefing with investors/shareholders.

Posted by azta12 > 2013-03-26 09:07 | Report Abuse

Time to move.mother already start charging

Posted by azta12 > 2013-03-26 09:42 | Report Abuse

yes TM

Posted by azta12 > 2013-04-02 10:52 | Report Abuse

TM,Been waiting for your turn.

Posted by azta12 > 2013-04-11 10:56 | Report Abuse

move TM,move,money come

Posted by azta12 > 2013-04-11 14:58 | Report Abuse

yes TM,

Posted by azta12 > 2013-04-11 15:05 | Report Abuse

lalala

Posted by nubhan . > 2013-04-17 09:41 | Report Abuse

mother is gaining pace.

Posted by nubhan . > 2013-04-18 09:44 | Report Abuse

Tenaga already done. Now its TM turn.

Posted by azta12 > 2013-04-30 16:07 | Report Abuse

Yes.

Posted by azta12 > 2013-05-06 11:55 | Report Abuse

AGM tomorrow, good news?

Posted by azta12 > 2013-05-06 12:48 | Report Abuse

Wow vol massive for morning session 1.14 bil, up 53 pts.This is healthy. TM yet to come 6.00 lvl.

Posted by Mat Cendana > 2013-05-07 20:43 | Report Abuse

TM has been a laggard since before the GE. Now when most others are seeing significant increases, TM is still lethargic. I `sangkut' with its -CU. Expires 30/9/13. Yeah, still four months to HOPE for something to happen. But with non-performing CWs, time flies fast.

Posted by passerby > 2013-05-08 18:45 | Report Abuse

Maturity Date 30/09/2013
Exercise/Strike/Conversion Price MYR 6.0000
Exercise/ Conversion Ratio 4 : 1

need to go up RM0.50 in 4 months to strike

Posted by kcchongnz > 2013-05-08 18:56 | Report Abuse

TM CU at 2 sen and underlying share at 5.50 is trading at a premium of 10.6%. With 4 months 3 weeks to go, the premium is not really cheap. However, its gearing is a whopping 69 times which makes it a very interesting punting play. The fun will come when TM is approaching 6.00 which is not impossible considering the time available now. I am in.

Posted by passerby > 2013-05-08 18:58 | Report Abuse

so fast in? the underlying price swing not big enough yet...

play Petdag & Petgas 1st....

Posted by kcchongnz > 2013-05-08 20:00 | Report Abuse

by the time you wait for a big swing in TM, CU won't be 2-3 sen already. It is gambling, ok?

Posted by passerby > 2013-05-08 20:13 | Report Abuse

i love my money....at least gamble with higher % of winning lol.....

today the dividend just went ex...still got some time.

as per 2nd April 2013 ,TM-CU not held by issuer stand at 16,190,600 @ 32.38%

any chart reader here ? kindly lend some help here. what is the strong support level for TM

Posted by passerby > 2013-05-13 12:24 | Report Abuse

sending my soldier to battle field, please come back alive :)

Posted by nubhan . > 2013-05-13 12:27 | Report Abuse

TM-CU is a sure win counter. I guess.

Posted by nubhan . > 2013-05-13 12:31 | Report Abuse

if TM 6.00, TM-CU will be 7 cent

if TM 6.35 TM-CU will be 15 cent

Posted by azta12 > 2013-05-13 14:09 | Report Abuse

money come.

Posted by passerby > 2013-05-13 14:24 | Report Abuse

@nubhan: that is norm case provided the premium level is maintained well.

Posted by nubhan . > 2013-05-15 23:05 | Report Abuse

Watch this one tomorrow

Posted by passerby > 2013-05-17 17:19 | Report Abuse

getting riskier, I exited with minor loss for transaction fees. light injury