At the time of writing this post, KFC wb is traded at RM 1.86.Why I say malaysia investor is stupid?
Let's look at the conversion price of kfc wb.
Conversion price is RM 3.00,
So you are paying RM 4.86 to buy Mom KFC (RM 3.24), I guess the malaysian investor everday must go and eat KFC (LOL).
Aren't you not SMART?
KFC-WB - Profile for Warrants
Announcement Type: Listing Information & Profile
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: KFC HOLDINGS (MALAYSIA) BERHAD
Stock Name: KFC-WB
Date Announced: 17/09/2010
Announcement Detail:
Instrument Type: Warrants
Description: Warrants issued pursuant to the Free Warrants Issue
Listing Date: 20/09/2010
Issue Date: 15/09/2010
Issue/ Ask Price: MYR 0.0000
Issue Size Indicator: Unit
Issue Size in Unit: 31,723,949
Maturity Date: 14/09/2015
Exercise/ Conversion Period: 5.00 Year(s)
Exercise/Strike/Conversion Price: MYR 3.0000
Revised Exercise/Strike/Conversion Price: MYR 0.0000
Exercise/ Conversion Ratio: 1 Warrant: 1 Ordinary Share of RM0.50 each
Mode of satisfaction of Exercise/ Conversion price: Cash
Settlement Type/ Convertible into: Physical