QUOTE(unpronounciable @ Jan 7 2011, 11:23 AM)
i have some questions on warrants
ok i know it has been asked for a few times, i've searched it, but just to confirm first
1. example:
stock AAA RM5.00
warrant AAA-CA RM0.19
conversion ratio: 10:1
conversion price: RM3.00
maturity date: next monday
so if i buy 1000 warrants of AAA-CA worth RM190.00, on monday i will have an option to buy 100 units of AAA at RM300
correct?
(if i'm not correct, pls correct me)
ok if that is the case, what happens on monday? at what time will i have the option to buy that 100 units of AAA stock? anytime of the day? or after 5:00pm (which means the next trading day)? how will i be approached to buy that stock at that special price? because currently i do all my trading online
thanks in advance!
For CA, you normally don't get stocks, instead you got money based on the formula pre-determined, normally average price of 5 days prior to the maturity date or so.
If the average price is RM5, then you should be getting RM200 back if I correct on my calculation.
Added on January 7, 2011, 11:42 amQUOTE(iamsobloodysick @ Jan 7 2011, 09:23 AM)
Could anyone please explain the following accounts? What are the differences between, say allowance for doubtful debts and doubtful debts written off?
Allowance for Doubtful Debts
Allowance for Doubtful Debts No Longer Required
Doubtful Debts Written Off
Doubtful Debts Recovered
Allowance for Obsolete Inventories
Allowance for Obsolete Inventories No Longer Required
Allowance for Inventories Written Off
Allowance for Inventories Written Off No Longer Required
Your question maybe can find the answer by googling... but if have to type the answer out then that take some pains...
e.g. allowance for doubtful debt is allocation reserved for a portion of debtors to turn into default, no cash going out, the doubtful debtors have to be pre-determine by a measurable means e.g. suspicious, bad credit record, or by % etc.
I try to answer one already very sick & tired... some more no marks will be awarded...
This post has been edited by htt: Jan 7 2011, 11:42 AM