Latest Forum Topics /
Koh Eco
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The SEA of Hopes and ATRIUM of Surprises
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TigTig
Master |
21-Oct-2017 03:28
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SGX FILING " The Exercise Price is proposed to be S$0.10 per Warrant."   Payment for the rights through ATM, DEADLINE 7 NOV 2017.      |
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TigTig
Master |
20-Oct-2017 13:17
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Yes. You keep the warrants. In my view, keep the mother shares but buy some more warrants if they are cheap. Do remember that warrants carry the risk of expiring. Also warrant holders do not get dividends.
Having said that, the advantage is the gearing it can give an investor with limited funds.
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juxcyme
Member |
20-Oct-2017 12:13
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Thanks TigTig for the enlightenment. If I purchase my rights, I will have X-years to convert my warrant right? If i sell all my eco-shares, do i still have the warrant?
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TigTig
Master |
19-Oct-2017 23:37
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Maybe it' s to do with timing.    Results out soon?    | ||||
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ahhuat08
Elite |
19-Oct-2017 23:11
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For all sgx new warrants, be it company or structured wrts, theres another new stock code for it. Even the nil paid rights will have its own stock code, til now i sitll dont know when the nil paid is gonna trade. How come they keep it so secretive?
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TigTig
Master |
19-Oct-2017 20:51
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The warrant is given free upon subscription to the Rights at 5.5 cents.    Each warrant can convert to the mother share at the strike price.    eg in the first year (according to the Jun announcement), you may convert the warrant at 9 cents.  Naturally, the warrant will become valuable when the price of the mother share goes up.  Say if the mother share rises to 10 cents, you get a 1 cent discount to convert.    After 4 years (I think), the warrant expires. 
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TigTig
Master |
19-Oct-2017 20:47
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SGX FILING (13June) - warrants " The exercise price is proposed to be tiered at the following rates: (i) S$0.09 per Warrant during the period from and including the date of issue of the Warrants and up to the date immediately preceding the 2 nd (second) anniversary of the date of issue of the Warrants (the &ldquo 1 st Tranche Exercise Period&rdquo ) (ii) S$0.10 per Warrant during the period from and including the date of the 2 nd (second) anniversary of the date of issue of the Warrants and up to the date immediately preceding the 3 rd (third) anniversary of the date of issue of the Warrants (the &ldquo 2 nd Tranche Exercise Period&rdquo ) and (iii) S$0.11 per Warrant during the period from and including the date of the 3 rd (third) anniversary of the date of issue of the Warrants and up to the - ate of issue of the Warrants (the &ldquo 3 rd Tranche Exercise Period&rdquo )."   |
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juxcyme
Member |
19-Oct-2017 15:18
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I totally dont  understand what is warrant and how it works..  :|
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TigTig
Master |
18-Oct-2017 20:33
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Yeah, I also thought it' s strange.    On a separate note, I went back time to look at the beginnings of Koh Eco, and found the original reason was to leave Koh Bros to other biz, property development was mentioned, with the construction, engineering all to move to Koh Eco.    Koh Bros has a very nice pot of retained earnings, and the stock is speckled with a lot of buyback, hence giving the impression that it will eventually be privatised.    I thought another reason was to prevent it from being another IPC where an unfriendly raider comes and eat their lunch.      These two stocks have mysteries that are still being played out, there seems to be an invisible hand that is dishing out the strategy with some precision.   
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ahhuat08
Elite |
18-Oct-2017 20:06
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yupe, that is when the rights are being traded as mother share in a few weeks time. Strangely for most right issues, the timeline should hv been given but not for this case.
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TigTig
Master |
18-Oct-2017 20:04
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  sounds good. 
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Just4win
Supreme |
18-Oct-2017 19:19
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Yes, the will be another SGX code for warrants trading. 😁
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TigTig
Master |
18-Oct-2017 14:24
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Now no use, but the warrants will attract the long term investors, like yours faithfully!    With them, I can gear up with less capital.
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redbull888
Veteran |
18-Oct-2017 14:08
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im confused liao
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TigTig
Master |
18-Oct-2017 13:38
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Yeah, the warrants would be useful later on, it' s just a matter of time.  This reminds me, there should be another market for warrants? | ||||
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ahhuat08
Elite |
18-Oct-2017 13:23
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  Thanks, not looking at arbitrage, i wont sell away my nil paid rights, cos i need to round off to a whole number for the ease of disposng when the price is right.  The free warrants could be worth 2-3 cts,since the conversion is at 10 cts in the future. Thats my guesstimate only.   
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TigTig
Master |
18-Oct-2017 13:11
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Yes.  SGX filing " The Company also proposes to issue one (1) Warrant for every Rights Share validly subscribed for no consideration receivable by the Company and exercisable at the Exercise Price during the exercise period, which shall be from and including the date of issue of the Warrants and expiring at 5.00 p.m. on the date immediately preceding the 3 rd (third) anniversary of the date of issue of the Warrants unless such date is a date on which the register of members and/or register of warrantholders of the Company is/are closed or is not a market day, in which event the Warrants shall expire on the date prior to the closure of the register of members and/or register of warrantholders of the Company or on the immediately preceding market day, as the case may be (but excluding such period(s) during which the register of members and/or the register of warrantholders of the Company may be closed) (the &ldquo Exercise Period&rdquo ).The Warrants which have not been exercised at the end of the Exercise Period shall lapse and cease to be valid for any purpose."   But the chances of arbitrage, I suspect will not be there.   
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TigTig
Master |
18-Oct-2017 13:03
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Yes, it' s fixed at 5.5 cents. 
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ahhuat08
Elite |
18-Oct-2017 12:28
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What happen if i were to subscribe for excess rights? Will i be entitled to the free warrants? Thanks in advance, vested.
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redbull888
Veteran |
18-Oct-2017 11:47
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rights alrdy fixed @ 0.055?
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  sounds good.