I really respect those who buy this warrant. It is trading at heavily premium.
Mother share now is 0.345, conversion is RM 1, wb now is 0.18
premium is [(0.18 + 1) / 0.345] * 100 = 342 %
Damn mispricing.But still have people buying, Really don't understand.
Profile for Warrants
Instrument Type : Warrants
Instrument Type : Warrants
Description : Warrants issued pursuant to the Proposed ACB Offer ("LCB B
Description : Warrants issued pursuant to the Proposed ACB Offer ("LCB B
Warrants")
Warrants")
Issue Date : 15/04/2009
Issue Date : 15/04/2009
Issue Size in Unit : 36734534
Issue Size in Unit : 36734534
Listing Date : 21/04/2009
Listing Date : 21/04/2009
Maturity Date : 14/04/2019
Maturity Date : 14/04/2019
Revised Maturity Date :
Revised Maturity Date :
Exercise/Conversion Period Type : 10 Year(s)
Exercise/Conversion Period Type : 10 Year(s)
Revised Exercise/Conversion Period Type : 0 Year(s)
Revised Exercise/Conversion Period Type : 0 Year(s)
Issue/ Ask Price : MYR 0.1000
Issue/ Ask Price : MYR 0.1000
Exercise/ Strike/ Conversion Price : MYR 1.0000
Exercise/ Strike/ Conversion Price : MYR 1.0000
Exercise/ Conversion Ratio : 1:1
Exercise/ Conversion Ratio : 1:1
Mode of Satisfaction of Exercise/Conversion Price : Cash
Mode of Satisfaction of Exercise/Conversion Price : Cash
Settlement Type/ Convertible into : Physical (Shares)
Settlement Type/ Convertible into : Physical (Shares)
Remarks : Each LCB B Warrant will entitle the registered holder at any time on
Remarks : Each LCB B Warrant will entitle the registered holder at any time on
and including the Issue Date up to the close of business at 5.00 p.m. on the
and including the Issue Date up to the close of business at 5.00 p.m. on the
Maturity Date to subscribe for one (1) new ordinary share in LCB at the
Maturity Date to subscribe for one (1) new ordinary share in LCB at the
Exercise Price which will be satisfied in cash.
Exercise Price which will be satisfied in cash.
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