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Bursa Malaysia => Equities => Topic started by: Nanzhan on May 04, 2007, 06:14:11 PM

Title: Bursa-CD (RM0.150)
Post by: Nanzhan on May 04, 2007, 06:14:11 PM
I have been monitoring this warrant for long.  Seemed that today's price is at the cheapest.  Do you think it as potential as the mother share?  Thanks.
Title: Re: Bursa-CD (RM0.150)
Post by: Maxforce on May 04, 2007, 09:35:25 PM
What is the exercise price?
Title: Re: Bursa-CD (RM0.150)
Post by: Nanzhan on May 05, 2007, 03:32:37 PM
It is 11.30 with expiry on 15 Oct 2007.  Btw, how do you see the value of warrant?  Thanx.
Title: Re: Bursa-CD (RM0.150)
Post by: Maxforce on May 05, 2007, 05:45:12 PM
Warrant price -  0.15
Conversion ratio  - 20:1
THerefore 20 warrants needed - 0.15 x 20 = 3.00

Exercise price: 11.30
Therefore Current Price if exercise 14.30

Bursa mother share closed at: 12.10
Therefore premium = 14.30 - 12.10 = 2.20
Premium per warrant = 2.20/20 = RM0.11 per warrant.

Question: Is the premium of RM0.11 per warrant, justified?
Title: Re: Bursa-CD (RM0.150)
Post by: Nanzhan on May 06, 2007, 01:43:32 AM
Thank you Max.  Btw, is the premium price carrying the same meaning as par value?  I need to buy at or below RM0.11 right?
Title: Re: Bursa-CD (RM0.150)
Post by: Maxforce on May 06, 2007, 11:26:47 AM
Current price = 0.15
Premium carried = 0.11
No premium = 0.04

However, many willing to pay premium - due to time, volatility etc.
Question is - how much premium is fair?
Title: Re: Bursa-CD (RM0.150)
Post by: DenLee on May 07, 2007, 02:12:04 PM
This counter closed unchanged but remain very volatile.  It was once hovering around 0.14 this morning...
Title: Re: Bursa-CD (RM0.150)
Post by: Salahdin on May 07, 2007, 03:11:36 PM
Looks like a strong selling at RM0.155.  Many transactions were happening at RM0.15
Title: Re: Bursa-CD (RM0.140)
Post by: Nanzhan on May 08, 2007, 06:11:36 PM
It shed another 0.015 points to be at this low.  Looks like negative sentiments would keep this warrant low... :(
Title: Re: Bursa-CD (RM0.130)
Post by: DenLee on May 09, 2007, 03:24:18 PM
Low trading volume in Bursa due to negative sentiments would not lend to high price on its warrants.  Today's volume are full of SELLERS.
Title: Re: Bursa-CD (RM0.120)
Post by: DenLee on May 11, 2007, 02:22:43 PM
It is a sell down again.  Maybe, it's time to cut loss for those who did keep. 
Title: Re: Bursa-CD (RM0.120)
Post by: Nanzhan on May 11, 2007, 02:28:40 PM
It's like stopping the falling dagger when I first enterred at RM0.15.  Regretted it so much.  Sakit hati....wrong timing... :'(
Title: Re: Bursa-CD (RM0.150)
Post by: Maxforce on May 11, 2007, 03:03:55 PM
My friend,
Very high premium, of course very risky la.
Once price stabilise and near expiry and base on mother share movement, may consider short term punt
Title: Re: Bursa-CD (RM0.115)
Post by: Salahdin on May 15, 2007, 12:20:49 PM
Hope that everyone holding this warrant had released them all d.  Very volatile..