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if i just bot saizen mother share can i subscribe to the rights?
my entitlement 16500 with excess rights 18500 don't can get or not le..
freeme ( Date: 14-May-2009 23:39) Posted:
me lo
des_khor ( Date: 14-May-2009 23:13) Posted:
| Hi , anyone subscribe the rights ?? |
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hello oinkoink1999, i spent sometime today to study and come to a 'suggested price formula' . however this is just my opinion as i have never tried checking warrant before. if any other sifus have a solid formula to explain please share so that i can benefit from learning.
As this has Rights cum warrant, both exercising price of 0.09 and ratio is 1 warrant ride on one right. Thus the person owning one lot of rights cum warrant can convert them into two lots of mother shares.
Imagine now i am a person with no mother share, and i want to buy the nil-paid right from market , say just 1 lot, pay the price. later i must pay 0.09 to convert to one lot of mother shar, i have limited time and must do it by short deadline.
At the same time i have one lot of warrant allowing me to convert to one lot of mother within 3 year expiry. When i finally exercise, i also need to pay 0.09 to convert. But since 3 year is a long time, i must 'extrapolate' and predict that the company should become better in 3 year time. So i am willing to pay for a premium, unless the market is happy to give me a cheap discount because the market predict it is worst off for next 3 years.
So my cost for TWO lots is likely = 1 lot of nilpaid rights price + 0.09 (convert on lot to mother) + 0.09 ( convert one lot warrant to mother later)+ warrant premium.
Hence nilpaid right market price = 2x mother share price - 2x0.09
Check this on actual four days of tradings, take 13.5,13.5,13.5,13.0, simple average=13.38c
nilpaid right price by suggested formula = 2x13.38 - 2x0.09 +premium = 8.76c
compare the average closing price of nilpaid rights, 9.5,10,10,9.5, simple average =9.75
may be a 1cent to two cent premium people is willing to pay for 3 year warrant. Note first day some trade at 12cents
anyway this is just my thinking.. market is always right as it decide nilpaid right price and mother price and dont follow our formula and logic. it has his own logic.. haha.
 x 0
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* Alert Admin
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the nil-paid rights price very strange..i thot mothershare = nil-paid + rights price
So nil-paid should be = 0.145 - 0.09 = 0.055 but now nil-paid is trading at 0.115?? and mothershare not moving??
can anyone explain this.... |
me lo
des_khor ( Date: 14-May-2009 23:13) Posted:
| Hi , anyone subscribe the rights ?? |
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Hi , anyone subscribe the rights ??
this morning tot it can hit 0.08.. q liao den go out, den up liao.. miss at 0.09..
still good at 0.105.. wait n see 1st. if hit 0.09 again just buy liao. If not, 0.11 also can at last resort. See how these few days
yes, due to warrant, which has longer expiry date for converting to mother share, so it had value in particular when mother share price is much higher than exercising price.
i play safe and check my CDP again..and confirm its under "free" column...thanks Alligator~!
those vested can check their CDP just to be on the safe side..
Can I also confirm for this counter...
mothershare is not equal to nil-paid rights + rights unit price? (due to warrants)
Alligator ( Date: 12-May-2009 11:43) Posted:
letter is LAG. can be delayed by postman too. the best is still CDP online. once in your account, don't worry just trade.. be careful to read the 'FREE' column which means you can sell.
oinkoink1999 ( Date: 12-May-2009 11:37) Posted:
| i also havent recvd but it is in my CDP holdings now so i guess it should be consider safe to trade... |
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letter is LAG. can be delayed by postman too. the best is still CDP online. once in your account, don't worry just trade..
be careful to read the 'FREE' column which means you can sell.
oinkoink1999 ( Date: 12-May-2009 11:37) Posted:
i also havent recvd but it is in my CDP holdings now so i guess it should be consider safe to trade...?
rabbitfoot ( Date: 12-May-2009 11:35) Posted:
| Still have not receive the letter of entitlement |
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this reit NTA worth about SGD1.00... I think cheap bargain right in front of us...
i also havent recvd but it is in my CDP holdings now so i guess it should be consider safe to trade...?
rabbitfoot ( Date: 12-May-2009 11:35) Posted:
| Still have not receive the letter of entitlement |
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I'm going to apply for access rights...
Still have not receive the letter of entitlement
anyone already receive the letter of entitlement ??
tks for the advise.. but like that den will learn more things ma.
now at 0.1. not bad.. it didnt more higher. If can grab this at 0.07 will be wonderful.. but i think quite hard.
chinton86 ( Date: 11-May-2009 10:59) Posted:
| My advice would be....Dun touch something u are unfamiliar
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My advice would be....Dun touch something u are unfamiliar
duno wan to buy anot leh.. nt too sure how to exercise the warrant.. from theory pt of view nw is worth it..
oinkoink1999 ( Date: 11-May-2009 09:44) Posted:
oh ic...this is interesting & new to me...anyway today 1st day we see how...maybe u got chance to buy low..btw take a look at sing holdings..BB has been loading up this counter since last week
cheers~! |
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oh ic...this is interesting & new to me...anyway today 1st day we see how...maybe u got chance to buy low..btw take a look at sing holdings..BB has been loading up this counter since last week
cheers~!
bec this one got warrants with another free 0.09 so actually it about 0.09 + 0.12 = 0.21 = 2 lots. nw 1 lot mother share = 0.145, acutally still worth it but u have to wish saizen can trade about 0.09 to exercise ur warrants la
oinkoink1999 ( Date: 11-May-2009 09:28) Posted:
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the nil-paid rights price very strange..i thot mothershare = nil-paid + rights price
So nil-paid should be = 0.145 - 0.09 = 0.055 but now nil-paid is trading at 0.115?? and mothershare not moving??
can anyone explain this....
freeme ( Date: 11-May-2009 08:37) Posted:
| dun seems cheap as it trade at a premium px bec of warrants.. maybe nt buying liao.. see how later
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the nil-paid rights price very strange..i thot mothershare = nil-paid + rights price
So nil-paid should be = 0.145 - 0.09 = 0.055 but now nil-paid is trading at 0.115?? and mothershare not moving??
can anyone explain this....
freeme ( Date: 11-May-2009 08:37) Posted:
dun seems cheap as it trade at a premium px bec of warrants.. maybe nt buying liao.. see how later
freeme ( Date: 10-May-2009 22:28) Posted:
wah ipo still holding nw, u must be a jap lover.. hehe. so if u like them, u can avg up liao.. worth it.. ipo $1, now 0.15, immediately agv dw ur % loses..
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