( Purchased Value Minus
Cash ) Divide /
(market value for: share and
margined share value ) x 100%
Case for illustration:
Cash : RM100k into margin ac.
Max can margin (loan ) : 1.2times aka Rm120k
Total share value can buy Rm220,000 (RM100k plus RM120k)
Subject: RENOUNCEABLE RIGHTS ISSUE OF 400,984,509 WARRANTS IN GAMUDA BERHAD ("GAMUDA") ("WARRANT(S)") ON THE BASIS OF ONE (1) WARRANT FOR EVERY SIX (6) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN GAMUDA AT 5.00 P.M. ON THURSDAY, 11 FEBRUARY 2016, AT AN ISSUE PRICE OF RM0.25 PER WARRANT
From WR to Warrant .
Then From Warrant you can convert to Mother share (gamuda)
WR : 28sen
Warant right to Warrant top up 25sen
Warant conversion price to Mother: Rm4.05
If premium 10% for the warrant, how much for the warrant price?
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For the WARRANT RIGHT:
Inside the form below, here is the simplify calculation
Part A:
Warrant right you sure will get.
Example: 10,000units x 25sen = Rm2500 bank draft needed.
Part B:
APPLY excess of Warrant right. You will be balloted and may OR may NO get it.(refund if not get it)
Example: 20,000units x 25sen = Rm5000 , ANOTHER bank draft needed.