Tomolo call warrant listing

4 new call warrants from AmBank will be listed on 6 April 2010:
New Warrants        Expiration Type       Ex Price   Ratio   Issue Price       Mother
BJCORP-CB        28/12/2010 Call MYR 1.6000 2 : 1    MYR 0.1550    1.73           2* 0.155 + 1.60 = 1.91
ANNJOO-CA      28/12/2010 Call MYR 2.6000 4 : 1    MYR 0.15        2.84            4*0.155 + 2.60 = 3.22
WASEONG-CB   28/12/2010 Call MYR 2.6500 3 : 1    MYR 0.1550    2.75            3* 0.155 + 2.75 = 3.22
GENS-C6             28/12/2010 Call SGD 0.9000 3 : 1     MYR 0.160      0.90SGD    3*0.16/2.4 +0.9 = 1.09

only Bjcorp-CB is reasonable with abt 9 % premium.

The rest is deem expensive.


What do you think???