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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » SMB W16 expired date

SMB W16 expired date

Go down  Message [Page 1 of 1]

1SMB W16 expired date Empty SMB W16 expired date Sun Jul 17, 2011 7:24 pm

pth


Stock Trader
Hi All
i have some SMB W 16 Around cost of 0.50 and i have some questions about that and
really apreciate if someone can give the following details

1.what is the total cost wlli i have to pay for conversion
2.will it be converted to voting shares or non voting shares

because someone told me smb w16 will be converted to nonvoting shares
then i will
have to pay another 0.80
then my total cost will be 0.50+0.80 =1.30
and non voting share currently trading around 0.80
then i will be lost
so what is the truth
i thought it will be converted to voting shares which is currently trading around 2.40.


please experts help me .




2SMB W16 expired date Empty Re: SMB W16 expired date Sun Jul 17, 2011 8:11 pm

anuradhakandy


Equity Analytic
Equity Analytic
Yes your friend is correct. you have to pay another 80 cents to convert SEMB.w16 to SEMB.X

to confirm check this
http://cse.lk/cmt/uploadAnnounceFiles/5511282212696_445.pdf

3SMB W16 expired date Empty Re: SMB W16 expired date Sun Jul 17, 2011 8:48 pm

Tiger

Tiger
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
In this situ. better to invest in N or X.

4SMB W16 expired date Empty Re: SMB W16 expired date Sun Jul 17, 2011 10:22 pm

MJ


Manager - Equity Analytics
Manager - Equity Analytics
Definitly SEMB X is my choice,

SEMB W16 is currently trading at 40cents and I donot see a possibility of it going down below 30cents. In that scenario SEMB X should go up to atleast Rs 1.10.( 0.8+0.3) ( at current price , that s a gain over 35%.)To me , SEMB X is trading verymuch under value at the moment.

SEMB N ,
SEMB W15 is trading around Rs 1.20 and SEMB N aound Rs2.40, which is very much acceptable with SEMB W15 s conversion price ( Rs 1.10 )

Considering the current prices of SEMB X and SEMB N , I m pretty sure that the most benificial share to buy at this moment is SEMB X.

FYI: I hold SEMB X in my PF

5SMB W16 expired date Empty Re: SMB W16 expired date Mon Jul 18, 2011 10:12 am

nadun_nevermore

nadun_nevermore
Equity Analytic
Equity Analytic
so can anybody tell when the share is expiring????not in near future right???

6SMB W16 expired date Empty Re: SMB W16 expired date Mon Jul 18, 2011 10:17 am

nadun_nevermore

nadun_nevermore
Equity Analytic
Equity Analytic
omg...its on December 2011 right Shocked i have SEMB 16 bought @ .80 in my portfolio...what is the best thing to do now...exit @ .50 or wait til december ????experts please advice...

7SMB W16 expired date Empty SEMB W16 Mon Jul 18, 2011 12:40 pm

lokka1


Manager - Equity Analytics
Manager - Equity Analytics
@nadun_nevermore wrote:omg...its on December 2011 right Shocked i have SEMB 16 bought @ .80 in my portfolio...what is the best thing to do now...exit @ .50 or wait til december ????experts please advice...

Your best option is to exit @0.5 and buy a lesser number of SEMB.X @0.70 instead of waiting to convert in December by paying an additional 0.80. Hopefully Semb.X should exceed 1.10 or 1.20 making up for your loss. I hold a large quantity of Semb.X FYI.
lokka1

8SMB W16 expired date Empty Re: SMB W16 expired date Mon Jul 18, 2011 5:48 pm

nadun_nevermore

nadun_nevermore
Equity Analytic
Equity Analytic
but what if i wait for some more time and sell it at .60 levels to minimize my loss????do any one hope this to go @ that prices in near future since the market is not doing good for the recent past????

9SMB W16 expired date Empty Re: SMB W16 expired date Mon Jul 18, 2011 6:29 pm

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@nadun_nevermore wrote:omg...its on December 2011 right Shocked i have SEMB 16 bought @ .80 in my portfolio...what is the best thing to do now...exit @ .50 or wait til december ????experts please advice...
I am not an expert. It is very difficult, even for an expert, to predict in this market condition.

10SMB W16 expired date Empty Re: SMB W16 expired date Mon Jul 18, 2011 6:33 pm

anuradhakandy


Equity Analytic
Equity Analytic
I don't think w16 will reach 60 again.

11SMB W16 expired date Empty Re: SMB W16 expired date Mon Jul 18, 2011 10:06 pm

pth


Stock Trader
thanx all
i think now i can minimize the lost

12SMB W16 expired date Empty Re: SMB W16 expired date Tue Jul 19, 2011 1:39 pm

RANGANA PERERA


Manager - Equity Analytics
Manager - Equity Analytics
Same think for CLPL W0012

13SMB W16 expired date Empty Re: SMB W16 expired date Wed Jul 20, 2011 11:07 am

Surangaby

Surangaby
Senior Equity Analytic
Senior Equity Analytic
@pth wrote:Hi All
i have some SMB W 16 Around cost of 0.50 and i have some questions about that and
really apreciate if someone can give the following details

1.what is the total cost wlli i have to pay for conversion
2.will it be converted to voting shares or non voting shares

because someone told me smb w16 will be converted to nonvoting shares
then i will
have to pay another 0.80
then my total cost will be 0.50+0.80 =1.30
and non voting share currently trading around 0.80
then i will be lost
so what is the truth
i thought it will be converted to voting shares which is currently trading around 2.40.


please experts help me .





Dear pth, next time you buy warrants,Please answer urself to those questions. At least now you know the Right Questions, consider it as half the Battle is won (for ur future tradings)!!!!!
Anywayz, Welcome to the Wide Wild World of share trading!!!!!!

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