Andrew Chow's comment on TOPGLOV-C81. All Comments

Andrew Chow
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Don’t you think c81 is under estimated.
With high target price with topglov, this warrent is much higher value.
Lee Jia Wei
Sokay it's negative premium now
Like · 3 years · translate
Lee Jia Wei
You can buy and wait
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Stanley 118
Only left 2week???
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Andrew Chow
Yes, left 2 week.
But you see one thing, the mutual date is 31 Dec 2020.
On 24 Topglov is ex-date for dividend at almost 2% based on yesterday price.
I don’t believe there is a way to press down the mother share price, 2% is so attractive.
What they can do right now, is to collect as much as ticket of c-81 now in order to lesser their lose.
Maker will create a chaos by oversold c-81 and let it free fall first, let panic seller sell their share and collect at bottom.
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1 Like · 3 years · translate
Siew Fai
what will happen if we keep our c81 til the mature date by 31 dec
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Andrew Chow
The bank will cash settlement to your bank account.
You can google “one million warrant calculator” and see how much you can get back.
With -% premium, you definitely can earn money until maturity already.
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Danny Tan
这样说,可以收着到到期?
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Yong Hau Wong
throw lo and let CIMB collect back the warrant
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Lee Jia Wei
没有negative了
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YH
Negative premium 又来了!
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Stanley 118
Wait to go Hollan
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YH
CIMB is pressing down the price by 3 cent!!!
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Andrew Chow
-3% premium, 2020 Christmas present.
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YH
The negative premium is getting higher as mother share is hiking but warrant remains stagnant...
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Andrew Chow
Nothing to worry, just hold until maturity.
1 Like · 3 years · translate
YH
Alright. Wanna check that the settlement is calculated based on the closing price on 31 Dec?
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Pet P
Sapu again 0.17...
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Shi Hao
18 sen. still negative
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Pet P
-3%i like it..... Sucessfully got the chance sapu at 0.17 meaning I am 3-4% ahead.
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Andy Tan
coming dividend ex date will push TG 2%+
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YH
Means we are expecting higher negative premium...
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Eddy Khoo
may push to -4% premium if mother close at rm7 today.
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Shi Hao
can buy and hold until maturity.. TG seems like bullish
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Pet P
Director keep sailang buy back... He is not stupid to throw money like that. He know strong comeback on theway
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Eddy Khoo
just worry another press down when Moderna vaccine got approved by FDA and Pfizer vaccine approved by the EU in the next 1 week.
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YH
How can we know how many of C-81 warrants are still floating in the market?
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SI Yeo
Lets say we buy now 0.175, they gonna buy back from us 0.2 lets say TG mother share price $6.7 by maturity. Is it so?
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YH
Correct me if I am wrong, if the price of mother share closed at RM6.7 on 31 Dec, the settlement price for C-81 = (6.7 - 5.6667)/5 = RM0.205
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Eddy Khoo
there is a 5 day volume average price to be factored in. not purely based on closing price on 31st Dec.
1 Like · 3 years · translate
YH
Hi Eddy Khoo, thank you for the enlightenment!
Which means the average price = Sum of (closing price x volume from 24 to 31 Dec) / Total volume of 5 days. Am I correct?
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Eddy Khoo
you can refer to the announcement on how they calculated that. it s kind of weighted average. I never understand their calculation formula but from what I read, they would take the weighted average price for the 5 market day. your date range is correct.
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Like · 3 years · translate
YH
Seems like the dates for VWAP price is calculated based on 5 days before the expiry date i. e. 23,24,28,29 & 30 Dec.
Trading stops on 30 Dec.
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rustom chothia
24, 28, 29, 30, 31st Dec ... VWAP
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YH
Oh I see. So, the website gives wrong info then.
BTW, the average price is based on the "closing price" of the last 5 days correct?
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Shi Hao
Reuters - vaccine cannot reach poor country until 2024...
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Shi Hao
ppe bullish?
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Pet P
Yes. 5 day average is logic to avoid market marking
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YH
checked d. It should be VWAP for each day & VWAP for 5 days. The dates should be 23, 24, 28, 29 & 30.
31 Dec is not included.
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Pet P
Someone sapuing this warrant.... Mayb dato saw this... Haha
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YH
Negative premium. Wish Tan Sri will push up the mother share price during 23 to 30 Dec.
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Yong Hau Wong
YH, why 31 is not included?
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Shi Hao
cheap cheap lol easy money
1 Like · 3 years · translate
葉生
Base on current calculations, the warrant is worth 0.19?
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Shi Hao
collect discount, after expiry cash settlement easy money lo
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Chee Eng Law
Remember to take in 0.165 dividend ex date on 24 Dec.. That's why this warrant is in discount now..
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Eddy Khoo
remember that Top Glove has been "attacked" and short by the IBs for past 2 months. their bullets now are limited and no longer can block Top Glove anymore. anytime Top Glove would rebound aggressively.
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Kopi Bryant
this warrant left 2 more trading days
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Kopi Bryant
sorry mistake.. it has 3 more day to play.. 31 ex date would not counting in it right?
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