Case Study --- TMS /WA

[bengram]

ahaks.........i see.............
k thank you.....i need to recalculate my profit then.............
hoooooooooooraaaaaaaaaayyyyyyyyyyyyy
 

Good that u finally understand the maths. Goodluck and hopefully your share price maintains above 0.225 over the next few weeks.

[Goreng Addict]

bro ...no malice ......glad to help out ........

[Rokoudo Mukuro]

Good that u finally understand the maths. Goodluck and hopefully your share price maintains above 0.225 over the next few weeks.

orait thanks........
becos i think if the warrant follow wijaya style then complete no hope liao..........
becoz wijaya cross RM0.60 above than the warrant start moving above RM0.15..........
like this warrant going to sink maa..............

[pazzoll]

becoz i already started the conversion from warrant to mother share.........thats why i know..........
let me teach you all how the conversion is done.........
i bought 20 lots warrant at rm0.125 last week.............
yesterday i call my maybank remiser convert all 20 lots from warrant become mother share.....for the conversion exercise price i have to pay RM0.10 for every units that i want to convert..........
so 20lots x RM0.10 = RM2,000 plus some broker fees in total i paid extra RM2,025 to Maybank which channeled this money to TMS for the conversion charges.........
My 20 lots shares will automatically become mother share in 3 weeks time.........
my new price in 3 weeks time is RM0.125 (warrant price) + RM0.1 (conversion price) = RM 0.225 new mother share price........
so if the mother share price now in the market drop to RM 0.30,
i still earn RM0.30-RM0.225 = RM0.075 x 20,000 = RM1,500 profit
BUT after i deduct this RM1,500 from my conversion cost RM1,500-RM2,025 i will get RM525 losses..............................
ada faham ker?

Ur nett profit = RM1500 - (RM25 + brokerage fees)

[investor77]

Just bought at 10.5 cents.  Worth the risk, as mother price consolidating.  If convert to mother, my cost will be 20.5 cents.  As long as mother above 22 cents, should make some money.

Only risk is during the time it takes to convert, mother share price may go down!!

So, best is to watch and see, if after lots of people convert, mother still hold price around 22 cents.  If it drops, sell lah.  Agree.

[joshlow]

is any one know if Maybank Convert...
spend how many days? or trading days?

 

[foong2]

why TMS drop today???
i stuck at RM0.45

[Rokoudo Mukuro]

Just bought at 10.5 cents.  Worth the risk, as mother price consolidating.  If convert to mother, my cost will be 20.5 cents.  As long as mother above 22 cents, should make some money.

Only risk is during the time it takes to convert, mother share price may go down!!

So, best is to watch and see, if after lots of people convert, mother still hold price around 22 cents.  If it drops, sell lah.  Agree.

i doubt that the mother will hit below RM0.30 becoz there is a strong buying support at RM0.38 and above..........
anyway just wait and see lor.........

[Rokoudo Mukuro]

is any one know if Maybank Convert...
spend how many days? or trading days?

 

3 weeks bro

[NicePick]

one more thing to add.....if u convert into mother share on hand.....the new share can only trade after 10 working days....so maximum 2 weeks at least u needed......

now the mother sudah kabut~~~ so 5 years from now.....just cut loss or hold~~~~

[BigDaddyCool]

You play with the bigs boys u will surely loose in the end.Remember the RULE NO 1.Banker always WIN 2.You will end up a LOOSER

[BigDaddyCool]

You play with the bigs boys u will surely loose in the end.Remember the RULE NO 1.Banker always WIN 2.You will end up a LOOSER

Buy on good and fundamental stock.There are many good warrant outhere.Why take the risk to put extra cash just to hold on mother shares?Why must invest in virtual gains without knowing future directions of this unethical counter?Bear in mind this is a high risk game.You r playing by their set of rules.You dont own them.They own you.Make a wise decision of thinking anything harsh before making any actions.

[bengram]

orait thanks........
becos i think if the warrant follow wijaya style then complete no hope liao..........
becoz wijaya cross RM0.60 above than the warrant start moving above RM0.15..........
like this warrant going to sink maa..............

Wijaya's warrant is a different case. I'm surprised it even moved at all, since their conversion price is RM1.25, and its mother is far from reaching RM1.25. At the same time, maturity date is nearing (September 2012). Wijaya's warrant had been intrinsically worthless all this while, other than the little bit of time value left......unless, they expect Wijaya mother share to rise above RM1.25? Maybe the market knows something that we don't know about....or they were just purely goreng for a quick buck.

At least your TMS warrant is new, and is temporarily at a discount, and with an exercise price of RM0.10, it should theoretically trail the mother share's movement quite closely. Anyway, good luck to all TMS holders.

[Rokoudo Mukuro]

Wijaya's warrant is a different case. I'm surprised it even moved at all, since their conversion price is RM1.25, and its mother is far from reaching RM1.25. At the same time, maturity date is nearing (September 2012). Wijaya's warrant had been intrinsically worthless all this while, other than the little bit of time value left......unless, they expect Wijaya mother share to rise above RM1.25? Maybe the market knows something that we don't know about....or they were just purely goreng for a quick buck.

At least your TMS warrant is new, and is temporarily at a discount, and with an exercise price of RM0.10, it should theoretically trail the mother share's movement quite closely. Anyway, good luck to all TMS holders.

i see....good advice bro........strongly hope that the mother share price maintain above RM0.40 cents for the next 3 months liao........
 

[crashbandicoot]

Dont need to talk so much already. Let market do the talking. 

[Rokoudo Mukuro]

Dont need to talk so much already. Let market do the talking. 

thumbs up bro........
 

[khomsar]

i understand.........
but the fact is if you buy warrant then convert to mother shares u will incur extra cost to of 10 cents for every units of warrants and this money is paid to TMS as charges for converting the warrants.........
for example you have 20 lots of warrants u bought at 11cents, then u convert to mother shares at 10cents each unit....this will cost you extra RM2,000
now u have mother share at RM0.11+.10 = RM0.21 cents each.......
the mother is RM0.30 so u sell, u earn profit RM0.3-0.21 = RM0.09 per units x 20 lots = RM1,800 earn........
RM1,800 earn minus the cost incurred for converting the shares , RM2,000, therefore in return u get losses RM200.............
therefore the fact that mother price RM0.30 sell can get 50% profit is totally false.......
sorry bro but this is the actual fact..........
but if the mother can maintain above 40cents every day, then u can smile a bit........ the higher the mother is the better for everyone..........
 

Tq haffiza, very good info

[reid710]

when i buy 20lots @ rm0.11 = 0.11 x (20x100shares)
                                       = 0.11 x 2000shares
                                       = rm220.00 (1st cost)

when convert to mother share have to pay extra rm0.10 per share, tats mean,
20lots x 100shares = 2000shares
2000shares x rm0.10 = rm200.00 (additional cost)

so now i have 20lots of TMS (mother share), my cost = 1st cost + additional cost
                                                                         = rm220.00 + rm200.00
                                                                         = rm420.00

after 3 weeks, the convert done, mother share's market price = rm0.30
so, i sell it... 20lots x 100shares x rm0.30
                 =2000shares x rm0.30
                 =rm600.00

so the end my cash on hand rm600.00 minus 1st cost and additional cost,
rm600.00 - rm420.00 = rm180.00 (brokage depends agent or bank)

so with 3 weeks waiting, i get back around rm100.00++, am i right?

[wombie88]

TMS WILL DROP TO 20 CENTS SOON THEN ALL WILL BE JUSTIFIED

[gojifruit]

i just called  the registrar of TMS.....(TRICOR INVESTOR SERVICES)...conversion WARRANT to mother shares will take 10 MARKET DAYS..

...those converting must pray for the mother not to drop below 0.22 cents...

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

《憑單折價交易 持母股者可趁機套利》

許多投資者都喜歡買那些以折價水平交易的憑單，來獲取無風險回報。

　由于買進憑單再加上行使價的成本低過母股市價，折價憑單的確可為投資者帶來無風險回酬。

　但是投資者需注意的是，由于大馬股市不能進行賣空，行使后的憑單母股要約10個交易日后才能交易，投資者還是面對母股在這期間下跌的風險。這種無風險交易只限于已經擁有母股的投資者。

　雖然如此，如果母股在這行使期間內暴跌，就算擁有母股的朋友也會面對虧損。更糟糕的是，他們並不能即刻賣出股票來減少虧損，因為他們行使后的新股還未可交易。

　在大馬股市曾經出現投機股憑單以大幅度折價交易。許多散戶以為買大幅折價憑單是撿到便宜貨。可是當這些折價憑單持有人之后去行使憑單時，卻發現母股價錢在他們還沒有取得新股時已經崩潰。

　當股票到手時，母股價已經跌到他們沒有機會賺取行使憑單套利的盈利。

　相信因亞洲資源（ASIAEP，0039，創業板科技股）和艾力斯（IRIS，0010，創業板科技股）憑單中招的投資者，還記得這種折價陷阱。

TMS憑單折價交易是陷阱？

　若干年后的今天，再有一項最近爆升的憑單也以大幅度折價交易。這個折價在上週五已經超過40%，使得很多投資者買進上述憑單並打算行使。這個憑單就是TMS-WA（TMS-WA，0060WA，創業板科技股）。

　自從TMS附加股和憑單在1月19日開始交易后，該公司股項就大幅度爆漲，並導致大馬交易所質問。

　TMS在回應交易所質問時，表示公司可能參與教育部全國學校管理系統計劃而使得母股價繼續上漲。

　正當TMS股項大漲之際，該公司的數位顯著股東卻向交易所披露在市場大量拋售高達數千萬單位的憑單。

　由于TMS-WA是以大幅度折價交易，為什么這些股東不賣母股換憑單取得無風險套利呢？還是他們是要把憑單賣給某些投資者呢？還是這就是折價陷阱呢？

　無論如何，持有TMS母股的朋友應該賣了母股，並買回憑單再行使以便取得無風險套利。至于TMS股價會否重演以往折價陷阱憑單的歷史，則有待證實。


So please sold all ur mother share and buy back after conversion is done !!!!!!

[早起的虫儿被鸟吃 (Early Worms Eaten by Birds)]

I think this is the trap .. the mother share rocket up from RM0.09 to RM0.41 in 5 working days !!!!

So Big Frog jump over there for you to catch

 

[gojifruit]

dont worry be happy............

[harry77]

This week will reach 0.50

[BRAVO]

i understand.........
but the fact is if you buy warrant then convert to mother shares u will incur extra cost to of 10 cents for every units of warrants and this money is paid to TMS as charges for converting the warrants.........
for example you have 20 lots of warrants u bought at 11cents, then u convert to mother shares at 10cents each unit....this will cost you extra RM2,000
now u have mother share at RM0.11+.10 = RM0.21 cents each.......
the mother is RM0.30 so u sell, u earn profit RM0.3-0.21 = RM0.09 per units x 20 lots = RM1,800 earn........
RM1,800 earn minus the cost incurred for converting the shares , RM2,000, therefore in return u get losses RM200.............
therefore the fact that mother price RM0.30 sell can get 50% profit is totally false.......
sorry bro but this is the actual fact..........
but if the mother can maintain above 40cents every day, then u can smile a bit........ the higher the mother is the better for everyone..........
 

your calculaton is wrong...

[gojifruit]

let the force be with the WARRANT 2moro.......

[ijanto]

i agreeed... start the WA engine... I already start mine... hopefully go north...

[gorengbursa]

TMS-WA is so 'OBVIOUS' a trap!!!!

[mnk]

in the 1st place, can we convert the warrant to mother share like that one? what i mean is if i have for eg 20k unit of warrant, then i can convert those 20k warrant to 20k mother share? is it only for this ctr or other cntr also can do like this one.. ?

becoz i already started the conversion from warrant to mother share.........thats why i know..........
let me teach you all how the conversion is done.........
i bought 20 lots warrant at rm0.125 last week.............
yesterday i call my maybank remiser convert all 20 lots from warrant become mother share.....for the conversion exercise price i have to pay RM0.10 for every units that i want to convert..........
so 20lots x RM0.10 = RM2,000 plus some broker fees in total i paid extra RM2,025 to Maybank which channeled this money to TMS for the conversion charges.........
My 20 lots shares will automatically become mother share in 3 weeks time.........
my new price in 3 weeks time is RM0.125 (warrant price) + RM0.1 (conversion price) = RM 0.225 new mother share price........
so if the mother share price now in the market drop to RM 0.30,
i still earn RM0.30-RM0.225 = RM0.075 x 20,000 = RM1,500 profit
BUT after i deduct this RM1,500 from my conversion cost RM1,500-RM2,025 i will get RM525 losses..............................
ada faham ker?

[investor77]

Am watching with view to convert, if mother falls to sell the warrant at cost.

[bengram]

in the 1st place, can we convert the warrant to mother share like that one? what i mean is if i have for eg 20k unit of warrant, then i can convert those 20k warrant to 20k mother share? is it only for this ctr or other cntr also can do like this one.. ?

Generally, warrants (ie with a -wa suffix) issued by the mother company, can be converted into mother share by paying the exercise price. However, call warrants that are issued by investment banks (ie with -ca, -cb....-cz suffix) are for gambling, and are usually cash-settled upon expiry. These call warrants can't be converted into mother share.

TMS-wa can be converted into mother share by paying the exercise price to the registrar.

[bengram]

Generally, warrants (ie with a -wa, -wb....-wz suffix) issued by the mother company, can be converted into mother share by paying the exercise price. However, call warrants that are issued by investment banks (ie with -ca, -cb....-cz suffix) are for gambling, and are usually cash-settled upon expiry. These call warrants can't be converted into mother share.

TMS-wa can be converted into mother share by paying the exercise price to the registrar.

[investor77]

Hope TMS warrant can go up, Mother hopefully wont go below 21 cents!!  10 cents + Ex px 10 cents!!

[Kreil]

is any one know if Maybank Convert...
spend how many days? or trading days?

 

How about OSK? Any knows, how many days to convert...

[prudent]

How about OSK? Any knows, how many days to convert...

this is something do with registrar, not IB, so it is same .....

[prudent]

TMS maintain above 0.40   

but TMS-WA still cannot catch up 

[crashbandicoot]

TMS-WA should fall before it rises. Brace yourselves.

[Rokoudo Mukuro]

Tq haffiza, very good info

i am waiting for the mother to go above rm0.50 liao...........
 

[yukado]

the inevitable "kena tipu company directors" coming up soon in 1-2 weeks?..

[Rokoudo Mukuro]

the inevitable "kena tipu company directors" coming up soon in 1-2 weeks?..

the mother share will sustain above rm0.40 for the next 3 months...........
 

[yukado]

lets see la ok.. i also submitted my TMS conversion form via pos express today. LOL

[yukado]

downtrent.. byebye TMS believers ~

[prudent]

buy for those buy WA and convert .... still profit loh ... isnt it? 

[prudent]

yesterday, mother share become cheaper, today WA become cheaper ..... will this rotation going on ??

[Rokoudo Mukuro]

yesterday, mother share become cheaper, today WA become cheaper ..... will this rotation going on ??

from my point of view is like is this.....
1) people now panic selling becoz want to jump ship to JCY and Mudajaya.......
2) tomorrow 4 days holiday lor balik kampung need back cash..............................

[BigDaddyCool]

just like i predict TMS sudah ke longkang.director ketawa besar

[Goreng Addict]

the mother share will sustain above rm0.40 for the next 3 months...........
 

way below 40 cents now 
when conversions abt to list, mother will be 20 cents 

[wombie88]

DIN U GUYS HEAR MY SELL CALL LAST WEEK?

DUNO WTF U GUYS DOING, JUST SELL

[prudent]

the mother share will sustain above rm0.40 for the next 3 months...........
 

fren, 3 days also cannot sustain lah .....  

anyway, ur cost after conversion is 0.22, so, above this prx u still untung lah .....  

[Goreng Addict]

DIN U GUYS HEAR MY SELL CALL LAST WEEK?

DUNO WTF U GUYS DOING, JUST SELL

Thks bro ! Hv small position, no wori !