PBBANK CL and CJ - Advise Needed!

[Kucing]

At the time when Indonesia, Vietnam, China all talking about  Productivity, Competitiveness, creativity,
Malaysia talk about "alah", beggers and prostitute!

At the time when other forums "lowyat", "talk&share" talk about stock-investing, money-making, getting rich
"Investlah" forum talk about sex, politics, personal attack ....

 

[Ethan]

We hv numeras time asking kuching to take profis,
but pussy love msport too much!

[Kucing]

This topic change from advice need on warrant to politic then to frman vs changbl....what's next      

When kucing & noname88 are around, SEX is next !!

 

[Ethan]

This topic change from advice need on warrant to politic then to frman vs changbl....what's next      

DJ red mah!

[KL888]

We hv numeras time asking kuching to take profis,
but pussy love msport too much!

Kucing ini love it so much...... must have mistakenly think that Msport = GSpot............

[frman]

max marah malam ini mungkin kerana takut akan axiata-cb dia

i am not maximent. btw if maximent want to come back here who can stop him? why should maximent apologize to admin, maximent and admin here can be brother if they choose to reconcile and what admin does might perhaps announce that maximent is back and the admin here welcome him with red carpet. be realistic man.

[Gladiator]

At the time when other forums "lowyat", "talk&share" talk about stock-investing, money-making, getting rich
"Investlah" forum talk about sex, politics, personal attack ....

 

After taking profit from KLSE, now is the time to talk sex, politic & personal attack. Sorry you still holding on your msport.     

[Kucing]

Kucing ini love it so much...... must have mistakenly think that Msport = GSpot............

No mistake, Gspot is G Spot,

M-spot is some where look like "M" in the body !

Hope you know where to look for it ..

 

[KL888]

No mistake, Gspot is G Spot,

M-spot is some where look like "M" in the body !

Hope you know where to look for it ..

 

Ya....young that time look like "M" ......old liao look like "W".......muahahaha....

[Ethan]

Ya....young that time look like "M" ......old liao look like "W".......muahahaha....

 

[Gladiator]

i am not maximent. btw if maximent want to come back here who can stop him? why should maximent apologize to admin, maximent and admin here can be brother if they choose to reconcile and what admin does might perhaps announce that maximent is back and the admin here welcome him with red carpet. be realistic man.

Why admin want to welcome someone who keep promoting his own forum in this forum and create so many username to promote himself and admin have to wake up in the middle of the night to delete those username with same IP address.     

[frman]

need to sleep. remember this changbl. you all can hihi haha sing song talk nonsense with this small timer. but never trust it and disclose secret to it for it can betray you and kill you in no time until u die also don know what going on. remember..must remember...never dance with the wolf.

[frman]

Why admin want to welcome someone who keep promoting his own forum in this forum and create so many username to promote himself and admin have to wake up in the middle of the night to delete those username with same IP address.     

oh gladiator...ooi gladiator..oh come on gladiator.....no wonder you are not a brilliant guy...you think admin is as dump as you? if admin want to ban whoever they suspect is maximent, don you think they are as slow as you? they should ban the users weeks ago man. cant you see that admin want to reconcile with maximent? why you are so damn slow. cheh. u cannot be a politician..you cannot lead huge group of people...the way i see you..hai........u r just ta kong chai...mou chu shek..ta kong chai also in the lower rank. sorry i hurt you. but hope u can wake up. mix with rich or those successful peopla la friend. ok go to sleep. enough for today

[ahbah]

CIMB said no adjustment for the entitlement and exercise ratio for PBBank-CJ and PBBank-CL as a result of the share dividend.  Please take note.

CIMB is conning the retail investors with these 2 call warrants.  This stupit Yuce Lee is not doing his job !

[frman]

CIMB said no adjustment for the entitlement and exercise ratio for PBBank-CJ and PBBank-CL as a result of the share dividend.  Please take note.

CIMB is conning the retail investors with these 2 call warrants.  This stupit Yuce Lee is not doing his job !

maybe u should look at the listing requirement properly and sure they have a clause to justify them doing so. never take for granted and never said they are conman. who don want to protect their own interest le? why bother with that minor adjustment ratio etc where u are not and cannot exercise it now. by right u all should clear the holding before ex date as someone already mention dozen time here. can buy back anytime after adjustment ma, buy abck at lower price what. FOR THOSE NOT CLEAR BEFORE EX-DATE. I REALLY NO EYES SEE. MAYBE SHOULD ASK MUAHAHAHA TO GUIDE YOU ALL SINCE HE/SHE IS SO GOOD.

[ahbah]

maybe u should look at the listing requirement properly and sure they have a clause to justify them doing so. never take for granted and never said they are conman. who don want to protect their own interest le? why bother with that minor adjustment ratio etc where u are not and cannot exercise it now. by right u all should clear the holding before ex date as someone already mention dozen time here. can buy back anytime after adjustment ma, buy abck at lower price what. FOR THOSE NOT CLEAR BEFORE EX-DATE. I REALLY NO EYES SEE. MAYBE SHOULD ASK MUAHAHAHA TO GUIDE YOU ALL SINCE HE/SHE IS SO GOOD.

CIMB had made the adjustments for Bjtoto-CD in respect of the share dividend. The precedent laid down regarding the Bjtoto-CD surely justity CIMB to do the same thing to PBBank-CJ and PBBank-CL.

http://www.bursamalaysia.com/website/bm/listed_companies/structured_warrants/warrants_announcements/archives.jsp

[frman]

CIMB had made the adjustments for Bjtoto-CD in respect of the share dividend. The precedent laid down regarding the Bjtoto-CD surely justity CIMB to do the same thing to PBBank-CJ and PBBank-CL.

[link removed]

Waiver: The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as thereafter waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred.

anyway we are not talking about contract etc, why at first place you wanna hold the children giving into consideration that you know children will adjust  down 2 to 6 cents etc depends on which children you go in AFTER EX-DATE? IF YOU LET GO CHILDREN BEFORE EX-DATE AND BUY BACK LATER, YOU WONT SO INSIST ON THAT MINOR MINOR ADJUSTMENT WHICH COULD SAVE YOU PERHAPS LESS THAN 0.1 CENT ONLY.

THIS IS THE BLIND SPOT FOR MOST WARRANT PLAYER AND THERE ARE AT LEAST FEW MORE DOZEN BLIND SPOT. TOO BAD TOO BAD. NOT GOOD FELLOW HERE TO TEACH YOU ALL. AGAIN IS TEACH LA, NOT CONTRIBUTE K.

[ahbah]

CIMB laid down their rules and precedents with regard to the call warrants issued by them without any interference from the retail investors. I just ask CIMB to perform their rules and precedents only. Am I demanding too much from CIMB ?

[mynewuser]

Double standard apply. That normal in boleh land.

[frman]

CIMB laid down their rules and precedents with regard to the call warrants issued by them without any interference from the retail investors. I just ask CIMB to perform their rules and precedents only. Am I demanding too much from CIMB ?

waiver mean like this...the company can approve your cny holiday even for a month period this year...but next year...the company has the right to not even give you one day extra holiday...so is up to them to have the final say. the one that drafted the documents have all the say though. this is fair to them only. so much so, i guess this is not under bursa malaysia yusli jurisdiction..it's under securities commission

[frman]

waiver mean like this...the company can approve your cny holiday even for a month period this year...but next year...the company has the right to not even give you one day extra holiday...so is up to them to have the final say. the one that drafted the documents have all the say though. this is fair to them only. so much so, i guess this is not under bursa malaysia yusli jurisdiction..it's under securities commission

actually i don bother with all this adjustment...but in case wanna lodge complain...perhaps one need to study securities commission rules...if the rules say any derivative need to be adjusted accordingly after ex-date...then this rule can override all issuer prospectus.

Just like maternity leave, even the woman sign and agree with the company that she will forego 2 months maternity in black and white contract. but if she wanna claim from the company later on, the company have to pay her as this is mandatory in the labour ordinance. some cases the law can render certain contract part null and void

[ahbah]

Waiver needs to be exercised rationally, consistently and not appear to be fraudulently for the retail investors. It surely does not look good for CIMB to behave flip-flop like a conman !

[frman]

Waiver needs to be exercised rationally, consistently and not appear to be fraudulently for the retail investors. It surely does not look good for CIMB to behave flip-flop like a conman !

oh....ahbah...good good...at least u have the righteousness sense. i like it. u make me feel happy today..hahaha. then i teach you some more.

blindspot 1: never trust the market maker /banker are gentlemen, they make up of bunch of blood sucker that try to kill all warrant player if possible. for certain stock, they may have close bid gap today but tomorrow can be very wide. they can queue sell 2000 lots but queue buy only 1000 lots. they can raise the premium if no one buying but after some bigger player buy..they may reduce the premium and put the bid price lower on t2 t3 day.


aiyoyo...so many blindspot la...

[whw]

FRMAN,

I actually truly want to understand this PBBANK-CL warrant. I hope you can enlighten me and the rest of us.

CIMB issues these warrants to raise money right? So they issue 100,000,000 PBBANK-CL warrants at 0.15. So they raise 15,000,000. Is this correct?

So how does CIMB, the issuer of these warrants, make money? They raise RM15m, but have to pay out much more if and when PBBANK is higher than the strike price.

I am trying to understand the mechanics of these structured warrants better, and how exactly CIMB benefits from this exercise.

Thanks,
Wong

[junjun40]

BTW AhBah, gua sudah chau the cj and cl.

thanks ahbah

[frman]

CIMB issues these warrants to raise money right? So they issue 100,000,000 PBBANK-CL warrants at 0.15. So they raise 15,000,000. Is this correct?

answer: they issue the share securities (call warrant in this case) is for anyone that interested to subscribe and thereafter trade accordingly. by issuing the call warrant of course they collect money. nevertheless, this is different from company warrant with the intention of raising money. there may be merely 1% of call warrant in circulation (example ammb-cc) to perhpas 15% like pbbank-cl or perhaps certain call warrant are 100% in the banker hand such as ytl cw. therefore the banker are in the upper hand to know how many cw are in the circulation and this help them to place their buy sell bids.

So how does CIMB, the issuer of these warrants, make money? They raise RM15m, but have to pay out much more if and when PBBANK is higher than the strike price.

answer: they have already mark up say 10 to 20% of margin before they let player subscribe and therefore we normally see 15% to 25% premium for all new baby. 1. normally cimb have public bank share in their own account too to hedge against the children, if percentages of children share in the market is very high..say 50%, they will buy e.g. equavalent of pbbank share so that pbbank up will nullify the up of the children and vice versa, if in bear market, the banker can even sell all pbbank share in hand. if the children share remain in open market is low, such as ammb cc, then the banker may not need to buy any pbbank share to hedge against these children.


I am trying to understand the mechanics of these structured warrants better, and how exactly CIMB benefits from this exercise.

The banker will make money when they issue the share but after that, they may not neccesary make money and to some extent can suffer lost as well. email me at warrants@live.com if i am not here and u do have other question to ask.

[ahbah]

Call warrants are issued to the public at around 20% premium.  Most of them expired zero in value !!!

[frman]

Call warrants are issued to the public at around 20% premium.  Most of them expired zero in value !!!

at the time of subscribe say pbbank cl is 12.137% (book value premium)...at the time of listing, if mother down..it can go even 25% or more...if the mother up..then it can be few%.

nevertheless be watchful that dow jones may resume downward...hard to say...europe red 0.6%.again nothing is impossible.
..the goodness is..ding dong game is best suit trader appetite.

for me i hold 100% cash, can consider shopping tomorrow if dj go holland.

[fart is good]

If Malaysia raises interest rate, bank profits may drop... Be cautious... Take care...   

[whw]

frman,

Thanks for the reply and explanation. I really do appreciate it. Sorry for the late response. Was away.

Thanks,
WHW