Call warrant listed tomorrow
4 new call warrant from CIMB, will be listed on 13 Oct 2010:
New Warrants Expiration Type Ex Price Ratio Call Price
GAMUDA-CN 11/10/2011 Call MYR 3.8800 5 : 1
SAPCRES-CC 11/10/2011 Call MYR 2.4000 3 : 1
MAYBANK-JA 11/10/2011 Bull MYR 7.0400 10 : 1 MYR 7.4800
PBBANK-JA 11/10/2011 Bull MYR 10.0500 15 : 1 MYR 10.6800
Look at it a first glance, it is all deem to be expensive,
But Market is crazy.
Issue price: 0.15
Let's dig further.
Gamuda closing price: 3.83
(5*0.15) + 3.88 = 4.63 ( so expensive yet CIMB launch it).
Let's see tomorrow what is the starting price, I think Malaysian investor is Illogical, They always like to BUY expensive stuff. (LOL)
Sapcres- CC
Issue price: 0.20
3*0.20 + 2.40 = 3.00
Mother: 2.31
Crazyyyyyyyyyyyyy price