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Monday, December 19, 2011

Company Warrants Expiring in 2011 - Actions Needed

I need to remind myself all the outstanding company warrants that are expiring in 2011 in my portfolio which I will need to take action. I will update this list accordingly as I go along so that I won't forget about them.

INFORMAT W110107, Expiry Date: 7 Jan 2011, Exercise price = $0.05, Conversion ratio 1:1 - Warrants exercised and converted to shares.
BUKITSEMW110408, Expiry Date: 8 Apr 2011, Exercise price = $2.30, Conversion ratio 1:1 - Warrants exercised and converted to shares.
UNIONSTE W110414, Expiry Date: 14 Apr 2011, Exercise price = $0.12, Conversion ratio 1:1 - Warrants expired worthless.
GUANGZHAOW110628, Expiry Date: 28 Jun 2011, Exercise price = $0.07, Conversion ratio 1:1 - Warrants expired worthless.
NATCOOL W110701, Expiry Date: 1 Jul 2011, Exercise price = $0.10, Conversion ratio 1:1 - Warrants exercised and converted to shares.
PAC ANDESW110722, Expiry Date: 22 Jul 2011, Exercise price = $0.23, Conversion ratio 1:1 - Warrants exercised and converted to shares.
KSENERGY W110805, Expiry Date: 5 Aug 2011, Exercise price = $1.37, Conversion ratio 1:1 - Accepted Mandatory Conditional Cash Offer from Pacific Energy.
ASIAWAT W110818, Expiry Date: 18 Aug 2011, Exercise price = $0.045, Conversion ratio 1:1 - Warrants exercised and converted to shares.
METRO W110922, Expiry Date: 22 Sep 2011, Exercise price = $0.63, Conversion ratio 1:1 - Warrants exercised and converted to shares.
NEXTGENS W111222, Expiry Date: 22 Dec 2011, Exercise price = $0.03, Conversion ratio 1:1 - Warrants expired worthless.

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24 Comments:

Blogger Isaac said...

sorry, but how did you get all these company warrants?

7:36 AM  
Blogger ghchua said...

Hi Isaac,

Company warrants are normally in my portfolio via:

1. Bonus warrant issues

2. I subscribe for rights issues and they come free with the rights shares.

3. I subscribe for rights issues which are basically rights warrants.

Of course, you can also purchase them from the market.

10:01 PM  
Blogger ZhuKoLiang said...

a fan is awaiting patiently for the monthly end update and the overview for this yr n outlook for next yr.. ;P

11:14 AM  
Blogger ghchua said...

Hi newbie_george,

This year is an interesting year as I had transformed from a growth-value investor to mainly a pure value investor. Which means, I had been picking up stocks mainly on the small/mid cap space and mostly stocks trading at below NTA.

Will pen more of my thoughts soon. In the meantime, do be patient though. :)

12:00 AM  
Blogger Kelvin said...

Hi,

This is my first visit to your blog. I can't help but notice that you hold so many counters !! May I enquire how do you find the resource to acquire so many shares in so many company? Are they your trading stocks or investing stocks? How do you find the time to monitor so many of them?

Sorry for the numerous questions !!

7:44 AM  
Blogger ghchua said...

Hi Kelvin,

Thanks for visiting my blog! :)

All the stocks in my portfolio are for investment, not for trading. Do follow through some of my posts here previously on my investment strategy.

I believe in diversification and therefore I hold a lot of stocks in my portfolio. Since my portfolio is well diversified, there is no need to monitor each and every of the counter in my portfolio closely.

As for the resources to acquire so many counters, it is not built in one day. I had been investing in the stock market for more than 9 years now. Little drops of water form the ocean. Just slowly build it up day by day.....

9:11 PM  
Blogger ZhuKoLiang said...

hello shifu,

wana check with u... your letterbox got burst or not? or u can call contractor to install a bigger one?

u know wat i mean right? wah , all the companies at one shot send their AR here.. burst my mailbox..

i wonder:
1) if yours is HDB, r u allowed to install a bigger one? dun think so huh..
2) r we as individuals able to subscribe a P.O.Box then we let Boardroam send all their ARs there, then u can go there at one shot collect?

for me, i only hold this handful of shares.. wah, if hold 500stocks, need a lorry of letterbox??

5:56 AM  
Blogger ZhuKoLiang said...

shifu, will u go global investment AGM? i will go.. u?

5:57 AM  
Blogger ghchua said...

Hi newbie_george,

The postman will deliver those annual reports personally to my house with a few bags every year. So, no worries if they burst my mailbox.

I still haven't decide which AGMs that I wish to attend this time round. Will make my decision later next week.

8:46 PM  
Blogger wen said...

Hi Mr Chua,

I have been following your blogs for quite sometimes. Thanks for sharing your investment with us for us to benefit from it.

I would like to seek your advise in AIA unit trust investment.

In 2008. I used my CPF $14500 to bought the ILP unit trust AIA. But roughly calculate from CPF tool. I think I have lose $6000 till now. I would like to know whether should I sell my holding to park my money in CPF for interest earning? Or the funds may breakeven somedays if I hold longer (let's said may be another 3 years)
I put my funds in China balance, china equity, India opportunity and Global resource fund.

hopes to hear your advise.. Thanks you

7:11 AM  
Blogger ghchua said...

Hi wen,

Your ILPs are not very well diversified as they had been invested in mostly narrowly focused sectors/countries like China, India, Global Resources etc. Also, you didn't practice time diversification as you had invested $14500 in one go. You should have been consistently investing into the ILPs every month to take advantage of dollar cost averaging.

Also, why did you invest in ILPs rather than unit trusts? Unless your main concern is with insurance (which is quite little for a single premium ILP), you should take advantage of cheaper alternatives offered by online platforms for unit trusts.

But since you have invested in ILPs, you should not surrender your ILPs now. You should call your agent to ask whether there are free switches and you can restructure your ILP portfolio by taking advantage of free switches. Try to do asset allocation first before deciding which funds to switch to. Make sure that your investment objective and your ability to take risk matches with your new ILP portfolio.

7:07 PM  
Blogger wen said...

Hi Mr Chua,

Thanks & appreciate for your reply.

For my case. This is my mistake to believe in my agent that put my money in AIA instead of CPF will get better return. If I miss out that period my CPF will have to cap $20,000 in OA or SA. So I made a wrong decision then. And, I thought ILP will give dividend but is not.

Actually I can't get any agent advise now because she is not liable. I try to switch fund myself as I know it is free. I have not much idea for how to choose a approprite fund definitely. So, I just hope it will break even somedays.

May I know what is asset allocation? Does it means different region or sector?

I really appreciate your suggestion because I keep my investment lost to myself. Sometimes it is quite depress when I think about it.

Thank you very much

10:52 PM  
Blogger ghchua said...

Hi wen,

Personally for me, the two main basics for investment that I personally subscribe to are asset allocation and time diversification. The rest of them like fund selection, costs etc are important as well but that will come only after you get your basics correct.

For asset allocation, it not only meant deploying your assets across different region or sector, but it also meant deploying across different asset classes as well. For example, bonds, equities etc. So, first step is you must get your asset allocation in place.

Once you had asset allocation in place, you can go on to select the funds that you need to represent the asset class that you have selected. This involves understanding the funds that are available and selecting the ones that suites you not only in terms of performance but also the investment style of the fund manager as well.

Since your selection of funds are limited due to the ILP nature, you will not have much choices here. But at least you should come out with an asset allocation plan first before you even attempt to switch funds.

Hope that the above clarifies.

2:00 AM  
Blogger wen said...

Hi Mr Chua,

Thanks for enlighten me. I understand now.

Thanks much
Have a nice day

2:43 AM  
Blogger ZhuKoLiang said...

hi shifu,

i own yangzijiang in my CPF.

am i eligible to attend the AGM?

10:51 AM  
Blogger ghchua said...

Hi newbie_george,

Nope. Under the Company Act, you need to inform your nominees (which in this case, it is your CPF agent bank) of your intention to attend the AGM before you are allowed to do so. Your agent bank will need to proxy you in order your you to attend the AGM with full voting rights.

Alternatively, you can try your luck and appear at the AGM itself and tell them that you are holding shares in your CPF Investment Account. Some companies might let you in as an observer (with no voting rights) but some might not let you in. So, it is better for you to call the company to check before attending.

7:17 PM  
Blogger ZhuKoLiang said...

hihi shifu,

tmlw i going global investment AGM. u going?

4:53 AM  
Blogger ZhuKoLiang said...

shifu,

i sent a field report of all the meetings i have attended to your singnet email account.

This is useful for you if you have not attended them.

Just a brief what has happened and the food.. :)

12:08 AM  
Blogger ghchua said...

Hi newbie_george,

Wah. You can be a AGM food critic ah. :p

So fast found job liao? I thought you got exams currently in NTU?

10:05 PM  
Blogger ZhuKoLiang said...

shifu,

do u invest your CPF Special Account?

concurrently the CPFSA interest rate = higher_of(4%, 10YSGS + 1%). interest rate will + 1% if CONbined balanced <= $60k. so since mine < 60k, my CPFSA interest rate = 4%(assume) + 1% = 5%.

in the year 2008, when the gahmen wana lock up our first 20k, i actually invested all of them. bcos they said the +1%interest is valid for 1year, after that will revert back to the old system.

then in 2009, they renewed the +1% for another 1year. 2010 again +1% for 1year.. looks like this +1% is forever..

hence in risk:reward ratio, leaving it in CPFSA is better than investing in those substandard balanced funds.

what do u think?

9:32 AM  
Blogger ghchua said...

Hi newbie_george,

I guess managing CPF regulation changes is even more challenging than the stock market! With every little changes here and there, it is really difficult to manage my portfolio based on their new changes.

I had been investing almost 100% of my CPF-SA funds into balanced funds and the changes in 2008 to lock up my first $20K really pains me. If you remember, that was the time whereby the global financial crisis striked. You should have been investing during the depth of the crisis, and not locking up your $20K to earn CPF-SA interest. Well, so much for CPF regulations.

Since then, the cap had been increased to $40K.

I think growth oriented balanced fund like PineBridge Acorns of Asia Balanced Fund have a good chance of beating CPF-SA interest rate. S'pore balanced fund like Lion Global S'pore Balanced Fund is also not bad, as it invests mainly in S'pore equities and bonds and there is little currency exchange risk. You may also wish to explore some of those large cap Asian Balanced Funds as well.

Personally, I would like to invest my CPF-SA funds since 4%pa is not really unbeatable if you select the right balanced funds.

7:28 PM  
Blogger Sanye said...

Hi Shifu,

May I know if you are still holding Raffles Edu shares?

Regards
Sanye

7:33 PM  
Blogger ghchua said...

Hi Sanye,

Yeap. I am still holding onto those shares.

2:58 AM  
Blogger David said...

The postman must be getting annoyed every financial year end LOL

Do you ever read every annual report at all?

8:22 AM  

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A self-directed investor, looking to invest for retirement needs and bypass all those expensive financial planners/insurance agents. Investing is fun, profitable or most important of all, knowledge gained is useful for the rest of your life!

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