1. No tradings today. :(
2. Received BJTOTO's 4sen dividend. :)
3. GENM-CL expired today, below is the announcement from Bursa :-
Type : Announcement
Subject : STRUCTURED WARRANTS ANNOUNCEMENT
Subject : STRUCTURED WARRANTS ANNOUNCEMENT
FINAL SETTLEMENT
Description : CIMB BANK BERHAD (“CIMB BANK”)
EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GENTING MALAYSIA BERHAD (“GENM”) (“GENM-CL”)
Announcement Details/Table Section :
We wish to announce that the GENM-CL expired at 5.00 p.m. on 7 February 2011 (“Expiry Date”) and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount =Number of GENM-CL x (Closing Price – Exercise Price) x (1/Exercise Ratio)
=Number of GENM-CL x (RM3.2841 – RM3.00) x (1/4)
=Number of GENM-CL x RM0.0710
The Closing Price of RM3.2841 is the arithmetic mean of daily volume weighted average market price of GENM shares for the 5 market days prior to and including the market day immediately before the Expiry Date.
The Cash Settlement Amount, less all exercise expenses shall be made by way of cheque within 7 market days from the Expiry Date. The cheques will be delivered to warrantholders by ordinary post.
This announcement is dated 7 February 2011.
My purchase price for Genm-CL is 0.055. The final value of Genm-CL is 0.071 based on closing price of RM3.2841. Which mean (0.071 - 0.055)/0.055 = 29% return. Not bad not bad. :)
3 comments:
You don't need to close your position? Or you planning to convert your warrants to the mother share to realized the 29% profit gain.
sold bsdreits and twrreit at 1.50 and 1.25, respectively
kris,
Call warrants are cash settlement warrant after expired. no need to convert to mother shares.
The warrants that you are holding will be calculated based on the mean price of 5 days weighted average closing price before expiry date.
hng, congrat again. :)
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