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ChinaGaoxian

0.09 support had broken, please be careful

derekchong      ( Date: 26-Sep-2013 17:31) Posted: most of the trade done for the weeks are above $0.09. so rebound very likely tomorrow or early next week.

 

most of the trade done for the weeks

are above $0.09.

so rebound very likely tomorrow

or early next week.

 

 

Wonder will attract buyers and rebound back to 0.096 range tomorrow...

derekchong      ( Date: 26-Sep-2013 16:14) Posted: oh, winter sale coming. below $0.09.

 

MikeMike Member

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I am no expert but saw this useful guide on converting warrant to shares Step 1: Find out who your warrant agent is from  http://www.sgx.com/wps/portal/marketplace/mp-en/products/securities_products/company_warrants Step 2: Call your warrant agent up. The phone number is listed on the website above. You will need to get them to send you the exercise notice form. Give them your address, and they will mail it to you accordingly. Step 3: Apply for a cashier's order from your bank. The amount on the cashier's order is equal to the value of the warrants to be converted. Cashier's orders can be ordered using internet-banking for free. I went with DBS. However, the cashier's order from internet banking can only be collected at a few branches. Do check out with branches are available before applying.  A $5 surcharge is chargeable if it is applied at the bank itself and not through internet banking. Step 4: Fill up the exercise notice form when you receive it, which will include your name, address, securities account number, and the number of warrants to be converted. Step 5: Prepare an envelope, and put your completed exercise notice form, together with your cashier's order into the envelope. Although it is mentioned in the CDP website that your latest account statement is needed, in actual fact, it is not. You do not need to send it to the warrant agent. However, this is my information from calling up the warrant agent for Saizen Reit. It would be prudent to confirm with your warrant agent. Step 6: Affix a stamp and send your exercise notice!

ninjawarrior      ( Date: 24-Sep-2013 10:26) Posted: Hi guys. I need some help on the warrants. I never buy warrants before. Question.... 1) How do i exercise warrants? Do i sell or exchange to mother share? 2) Do i call my broker and what do i tell him? Any info to inform him that i can exercise my warrants. I know warrants is cheaper than mother share but....still the technical jargons makes me blurr sotong. I see you guys are expert in this market. Kindly help me to understand so that i can appreciate my investment in shares.   thank you guys.

 

oh, winter sale coming.

below $0.09.

 

Hi guys.

I need some help on the warrants. I never buy warrants before. Question....

1) How do i exercise warrants? Do i sell or exchange to mother share?

2) Do i call my broker and what do i tell him? Any info to inform him that i can exercise my warrants.

I know warrants is cheaper than mother share but....still the technical jargons makes me blurr sotong. I see you guys are expert in this market.

Kindly help me to understand so that i can appreciate my investment in shares.

 

thank you guys. 

 

yes u r right and warrant will be a good play

james87      ( Date: 22-Sep-2013 19:49) Posted: Anyway I can wait till the expiry date to decide on whether I would wanna exercise it isn't it?  Peter_Pan      ( Date: 22-Sep-2013 16:14) Posted: chinagaoxian warrants may be worth much more than its current price dyodd damn cheap anyway

 

chinagaoxian accumulation phase. looking for stabilisation. china recovery should provide support for share price.

 

Yea. That is true unless you are quite certain that the mother share price will continue to go up and u wanna reserve the warrants to exercise it at 0.10. It actually applies to my entitled warrants as well. Why would I exercise it if the current price is less than 0.10. 

I understand your concern. If I were you, it all applies to whether u are confident that the company will do well in the future then consider buying the warrants. Another concern would be that if one do not have sufficient cash to buy the mother shares, an individual might consider to purchase the warrants first and exercise it later when there is excess cash to invest.  

k2kingkong      ( Date: 23-Sep-2013 13:25) Posted: Hi James, I am thinking it is cheaper now to buy the mother share at 9.3 or 9.4 cents. It is risker to buy warrants unless the mother share price keeps going up.  At 9.3 cents (below exercise price),  why would anyone want to pay 2.8 cents for one warrant unless the share is going above 12.8 cents.

 

Hi James, I am thinking it is cheaper now to buy the mother share at 9.3 or 9.4 cents. It is risker to buy warrants unless the mother share price keeps going up.  At 9.3 cents (below exercise price),  why would anyone want to pay 2.8 cents for one warrant unless the share is going above 12.8 cents.

 

Hi kingkong. So u are talking about purchasing more warrants? For my case, since I'm already holding some of the mother shares, I'm entitled 1 warrant for every 2 shares without charges. I'm not intending to invest more money to purchase more warrants, however, I might consider exercising my entitled warrants at 0.10 in the future (since I have 5 years to observe if it is worthwhile to exercise it). I don't think it will be wise to sell off the entitled warrants so soon for just a few hundred bucks. 

k2kingkong      ( Date: 23-Sep-2013 09:39) Posted: hi James87,  I am also thinking aloud about whether to sell or buy the warrants. Opinions about the value of Gaoxian mother share ranges from 3.5 cents to 10.6.  At 9.3 cents, the value of warrant is 2.8cents.  If the value of mother share goes down, the sale value of warrant will go down.  Exercising at 10 cents will mean that I pay 12.8 cents to get one mother share in the future whereas now I can get at 9.3 cents.  So, it does not make sense to buy the warrants at current price unless I am pretty sure that the mother share is going up to 10.6 and I need leverage to maximise the use of my limited funds.  Thus, it also mean that I should sell my warrants at 2.8 cents.  correct ?

 

cgx hft

 

hi James87, 

I am also thinking aloud about whether to sell or buy the warrants. Opinions about the value of Gaoxian mother share ranges from 3.5 cents to 10.6.  At 9.3 cents, the value of warrant is 2.8cents.  If the value of mother share goes down, the sale value of warrant will go down.  Exercising at 10 cents will mean that I pay 12.8 cents to get one mother share in the future whereas now I can get at 9.3 cents.  So, it does not make sense to buy the warrants at current price unless I am pretty sure that the mother share is going up to 10.6 and I need leverage to maximise the use of my limited funds.  Thus, it also mean that I should sell my warrants at 2.8 cents.  correct ?

 

hi James87, 

I am also thinking aloud about whether to sell or buy the warrants. Opinions about the value of Gaoxian mother share ranges from 3.5 cents to 10.6.  At 9.3, the value of warrant is 0.0028.  If the value of mother share goes down, the sale value of warrant will go down.  Exercising at 10 cents will mean that I pay 10.28 cents to get one mother share in the future whereas now I can get at 9.3.  So, it does not make sense to buy the warrants at current price unless I am pretty sure that the mother share is going up to 10.6 and I need leverage to maximise the use of my limited funds.  Thus, it also mean that I should sell my warrants at 0.28 cents.  correct ?

 

...it may not be wise to sell away a warrant when it still has ~5 years lifespan... 

 

Anyway I can wait till the expiry date to decide on whether I would wanna exercise it isn't it? 

Peter_Pan      ( Date: 22-Sep-2013 16:14) Posted: chinagaoxian warrants may be worth much more than its current price dyodd damn cheap anyway

 

chinagaoxian warrants may be worth much more than its current price dyodd damn cheap anyway

 

Thank you very much :) 

Sophie      ( Date: 22-Sep-2013 15:03) Posted: Anytime before 18 September 2018 (warrant expiry date). Check SGX website for details. james87      ( Date: 22-Sep-2013 14:56) Posted: Thanks Sophie. Care to tell me the dateline for exercising the warrant?

 

Anytime before 18 September 2018 (warrant expiry date). Check SGX website for details.

james87      ( Date: 22-Sep-2013 14:56) Posted: Thanks Sophie. Care to tell me the dateline for exercising the warrant?  Sophie      ( Date: 22-Sep-2013 14:54) Posted: Yes James, it is

 

Thanks Sophie. Care to tell me the dateline for exercising the warrant? 

Sophie      ( Date: 22-Sep-2013 14:54) Posted: Yes James, it is. james87      ( Date: 22-Sep-2013 14:44) Posted: Hi bro and sis, I have been trying to contact my broker but couldn't get thru the line. Hope to clarify something here, pls kindly help. My understanding of the warrant is that the exercise price is 0.10 per warrant. Thus, it will be practical to exercise it if the mother share price appreciates to > 0.10 so that there will be a profit. On the other hand, if one chooses not to exercise it, the individual can always sell off the warrant like ordinary stock at its current trading price i.e. currently each warrant is worth 0.028 and 10000 will be equivalent to $280 if you sell off thru the open market. Thus, if now I have chosen to sell off the warrant, I'll get a few hundred bucks kinda like a small incentive.