Friday, November 18, 2016

Company Warrants Expiring in 2016 - Actions Needed

I need to remind myself all the outstanding company warrants that are expiring in 2016 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.

WE HLDGS W160318, Expiry Date: 18 Mar 2016, Exercise price = $0.03, Conversion ratio 1:1 - Warrants expired worthless.
NTEGRATORW160603, Expiry Date: 3 Jun 2016, Exercise price = $ 0.014, Conversion ratio 1:1 - Warrants expired worthless.
ASIATRAV W160715, Expiry Date: 15 Jul 2016, Exercise price = $0.273, Conversion ratio 1:1 - Warrants expired worthless.
ROWSLEY W161003, Expiry Date: 3 Oct 2016, Exercise price = $0.18, Conversion ratio 1:1 - Warrants expired worthless.
TECHOIL&GW161209, Expiry Date: 9 Dec 2016, Exercise price = $0.25, Conversion ratio 1:1 - Warrants expired worthless.



Blogger Senju Uchiha said...

oh no...

9:22 PM  
Blogger Sunny said...

Dear Chua

I got ACMA warrant, exercise price is $3.5, but the share trades at about 40 cents only, what·s the point of converting? Many small company are just asking money from us while the top mgmt of com have been eaning huge package.

3:00 AM  
Blogger Sunny said...

Dear Chua

Do you think fraser logistics worthy to have?


5:40 AM  
Blogger ghchua said...

Hi Sunny,

For your Acma warrant, you have the right to exercise them and convert to shares. Obviously, if the price is not in your favour, you can choose not to exercise them. Yes, a lot of small companies had been issuing bonus/rights warrants in the past but I think with the collapse in their share price, they will not benefit from it as warrant holders will not convert. Therefore, it still the performance of the company that counts. And in order to benefit from the warrants that they issued, they have to perform so that their share price will move up accordingly and more warrant holders will convert.

As to your question on the new IPO Fraser Logistics Trust, I haven't look at it in details and therefore I could not comment much on it. But I understand that most of the assets are from Australand that Fraser Centrepoint Limited had acquired so I think the quality is there. But do take note of the price that they are going to issue the IPO and the yield. Also the currency risk since those assets are in Australia.

6:46 AM  
Blogger Sunny said...

Dear GOH

Singpost dropped quite a lot, thinking of it presents value and growth potential. What do you think?

12:44 PM  
Blogger ghchua said...

Hi Sunny,

I don't think you could classify SingPost as a value stock. Yes, it do have some assets in the company like property but I don't think that they are undervalued when you compare their NTA with the share price. At most, I could classify it as a dividend stock.

As for growth, I would have to see whether their investments in US e-commerce
subsidiary TradeGlobal and logistics hub bears fruit. As they are spending capex on these, the return in future is still unknown. This coupled with their declining core mail business and recent corporate governance issues meant that it is an underweight in my portfolio.

I won't be looking to add any SingPost shares at current levels.

11:47 PM  
Blogger PT Trader said...

Hi i like to do a link exchange with you. My site is www.p-ttrader.com. Appreciate the link up! :)

12:07 AM  
Blogger JN Ong said...

Hi Chua,

I hold shares in Chinasing Investment Holdings Ltd which has been delisted recently. I received a letter from CDP informing me that my shares has been debited from my cdp account and that my share certificate will be deliverered to me via ordinary mail. It also says to contact the company's liquidators for further enquires. From your experience, is this "the end" of my investment in the company? Would I get any money back at all after the liquidation?

8:02 PM  
Blogger ghchua said...

Hi JN Ong,

Normally for companies under liquidation, they would have to settle all their liabilities first, pay the cost of liquidation and whatever that is leftover will be distributed to shareholders before the company is liquidated. For Chinasing Investment Holdings Ltd case, I have go through the circular and they said they have estimated RMB0.51 per share to be distributed.


I think you should read through the link above.

9:02 PM  

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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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