Nov 4 2009, 05:08 PM
QUOTE(yazoo @ Nov 4 2009, 10:53 AM)
OR...you can take a ride by buying into PBB-CJ.
This is the best investment at the current price level.
Exercise/ Conversion Ratio : 4: 1
Exercise/ Strike/ Conversion Price : MYR 7.500
Today price = 0.785
so lets do the maths =
0.785 x 4000 = 3.14
add conversion price = 3.14 + 7.50 = 10.64
10.64 vs 10.80
and with the coming dividend announcement for the 4 quarters result in January, there are plenty of potential for this PBB-CJ to move up.
Remember when PBB was at RM10.00 on 7th of Sept PBB-CJ was only 0.635, you can cash in when PBB when up...say RM11.30 OR you can wait until 24th September 2010 and add RM7500 to convert them to become PBB Bhd.
Yazoo,This is the best investment at the current price level.
Exercise/ Conversion Ratio : 4: 1
Exercise/ Strike/ Conversion Price : MYR 7.500
Today price = 0.785
so lets do the maths =
0.785 x 4000 = 3.14
add conversion price = 3.14 + 7.50 = 10.64
10.64 vs 10.80
and with the coming dividend announcement for the 4 quarters result in January, there are plenty of potential for this PBB-CJ to move up.
Remember when PBB was at RM10.00 on 7th of Sept PBB-CJ was only 0.635, you can cash in when PBB when up...say RM11.30 OR you can wait until 24th September 2010 and add RM7500 to convert them to become PBB Bhd.
PBB-CJ is Cash Settlement structure warrant, hence can not convert to PBB Bhd, the issuer will pay cash for the different after deducted exercise price and charges.
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