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TechOil&Gas Warrants
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Hulumas
Supreme |
28-Sep-2010 08:41
Yells: "INVEST but not TRADE please!" |
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About PEAK price, I suppose.
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keepinvest
Senior |
28-Sep-2010 08:33
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If you see its historical payout, this company is generous in paying dividends. Given its current secured project, I think we can expect another good year at least. Its warrants are at a discount, I think it's a good buy. The price of the warrants may be under pressure for a while. It seems that there many sellers suddenly appear, probably some holders just want to cash out rather than convert. Once that's clear, the discount should disappear. |
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tea444u
Master |
27-Sep-2010 23:57
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Hi is this a good buy then now? can anyone advise.please | ||
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keepinvest
Senior |
27-Sep-2010 23:17
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If you hold the warrants, of course you need to pay 40 cents each to get them converted to the mother shares. If the price of the mother share drops below 40 cents, the warrants become worthless. This is unlikely. I think the price gap between the monther and warrant should narrow as the day of expiry approaches.
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keepinvest
Senior |
27-Sep-2010 23:06
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The warrant is now at a discount. The warrant price 36.5 cents + conversion price 40 cents = 76.5 cents. The mother price is now 94.5 cents. If it stays around there, after the dividend 10.5 cents, it should drops to 84 cents. The difference is still obvious. Don't forget that the dual listing on Taiwan is still on the way. |
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keepinvest
Senior |
27-Sep-2010 23:02
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Number of issued shares excluding treasury shares after purchase = 130,907,575 Number of warrants = 71,458,287 |
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dizzifying
Member |
27-Sep-2010 22:19
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yes, please help. Even if the share becomes 20cents on the day of expiry, I can just top up $0.40 to convert to mother share? Too good to be true right? cos the mother share is $0.90+ now. Thanks. |
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alexmay
Veteran |
27-Sep-2010 11:23
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Can someone calculate what is the dilution after 26Nov, to see if it is worth buying it to convert in 2mths time?? Thanks. | ||
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henrytan
Member |
27-Sep-2010 09:26
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The agent will sent you a letter to convert the warrant to mother share. Then buy a cashier order from the bank and sent it to them. |
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dizzifying
Member |
27-Sep-2010 06:53
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Anyone knows how conversion to mother share works? | ||
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