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Yes, left 2 week.
But you see one thing, the mutual date is 31 Dec 2020.
On 24 Topglov is ex-date for dividend at almost 2% based on yesterday price.
I don’t believe there is a way to press down the mother share price, 2% is so attractive.
What they can do right now, is to collect as much as ticket of c-81 now in order to lesser their lose.
Maker will create a chaos by oversold c-81 and let it free fall first, let panic seller sell their share and collect at bottom.
The bank will cash settlement to your bank account.
You can google “one million warrant calculator” and see how much you can get back.
With -% premium, you definitely can earn money until maturity already.
Hi Eddy Khoo, thank you for the enlightenment!
Which means the average price = Sum of (closing price x volume from 24 to 31 Dec) / Total volume of 5 days. Am I correct?
you can refer to the announcement on how they calculated that. it s kind of weighted average. I never understand their calculation formula but from what I read, they would take the weighted average price for the 5 market day. your date range is correct.
remember that Top Glove has been "attacked" and short by the IBs for past 2 months. their bullets now are limited and no longer can block Top Glove anymore. anytime Top Glove would rebound aggressively.