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Honestly, if u want to separate yourself from 99% of retailers, u need to understand 1st that all kind of corporate exercise doesnt really create "instant value".
Simply put, the market value of your shares does not really change on the exdate. If u sum up the market value of your existing share with market value of whatever freebies based on the REFERENCE price on exdate, u will find that the total value is actually same as the day before.
once u understand the principle and the math behind it, then u know all these talks that say u can buy at x% cheaper than market price is just a bogus talk. What it really does is create an illusion and hype for u to buy...
In this case, the bonus ratio is 1 free warrant for 5 mother shares and the exercise price of the warrant is rm2.45. Using the formula i posted yesterday, the ex price will be (5 * 4 + 1 * 2.45) / (5 + 1) ~ rm3.74.
Since the warrant is not tradable in secondary market, the only way to realize the value is convert the "free" warrant into mother share. Assume that there is no delay in the conversion, u now have total 600 unit of ytlp on the exdate. So the market value of your share = 600 * 3.74 = rm2,244.
But then, dont forget that u have to pay rm2.45 per share or rm245 for 100 unit of share to do the conversion. So, after u deduct the cost of coversion from the market value of your share on the exdate, what u really left is rm2,000 which is exactly the same as the day before exdate.
What happen if u decide not to invest extra rm245 and let the warrant expired? Great, now the total market value of your shareholding = 500 x 3.74 ~ rm1,870. That means u either lose rm130 for doing nothing, or invest rm245 for nothing. Either way, u lose.
See? If u understand the real logic behind all these, u understand why such an corporate exercise is not welcome by the market...
There is no conspiracy here. Conspiracy theory is just for those who doesnt understand the mechanism behind it but desperately needed a reason to justify the plunge.
Yields on the United States Treasury bonds tumbled on Monday, as the emergence of the new Chinese AI startup DeepSeek caused concern in the United States after the app topped Apple's App Store chart earlier today and caused the stocks of multiple tech companies in the US, including Nvidia and ASML, to fall.
The claims made by Deepseek not proven and they used Nvidias chip smuggled through Singapore shell company. Jensen Huang knows this. The only company in trouble is OpenAi's and other large language model companies that charge users .