Yesterday after some careful analysis I decided to buy CLPL.W14 in small chunks.. This was due to W14 to be listed in 2015 and we have plenty of time to judge on the share..
Unfortunately my order didnt execute at 2
so I'm gonna look today..
Truly, Rainmaker is correct abt the absolute value.. when N is at 60-65, both warrants have ZERO value.
However, I dont hope any one would say after a year passed by the W14 warrant wont appreciate 100% the least, rite? This can even happen in a shorter period of time.
As per December 2012 results;
Net Assets Per share (Rs.) - 88.21 (nearly 3.5% increased YOY)
EPS (9 months) - 2.31 (21% drop YOY
Number of shares - 34,233,774
25,000,000 x 2 warrant categories :
CLPL.W13, at an exercise price of Rs.118.- per share in year 2014.
CLPL.W14, at an exercise price of Rs.142.- per share in year 2015.
As the latest act, 4 directors including Mr. Heengama, resigned. But n o director sales disclosed yet.
I dont think this has much value fundamentally now, but trading opportunities can exist.