Unisem-CA drop from 0.15 to 0.125
Gamuda CL drop from 0.15 to 0.13
Mudajaya-CB drop from 0.175 to 0.11
TM CN drop from 0.15 to 0.15 flat
Aminvestment THINK that INVESTOR are water fish.
4 new call warrants from AM Investment Bank was listed today (4 Aug 2010):
| New Warrants | Expiration | Type | Ex Price | Ratio |
| MUDAJYA-CB | 25/03/2011 | Call | MYR 5.6500 | 8 : 1 |
| GAMUDA-CL | 25/03/2011 | Call | MYR 3.3300 | 3 : 1 |
| UNISEM-CA | 25/03/2011 | Call | MYR 2.1800 | 4 : 1 |
| TM-CN | 25/03/2011 | Call | MYR 3.3200 | 3 : 1 |
1 comments:
Take Mudajaya CB as an example. Prior to opening. CB was offered at RM0.175 when the underlying share was RM5.08, CB was sold at 39% premium with an implied volatility of 98%! it is ridiculous. Investment bank really treat investors as big big waterfish. At this morning's closing price of underlying and CB of 4.99 and 0.105 respectively, CB is still selling at a high premium of 30% with a gearing of 6 and an implied volatility of 65%.