Target Price of the Merger Price for Kencana is RM 3 and current price is 2.94
Kencana CD -
Price = 0.46
Exercise Price 1.5
Conversion Ratio 3
a) Current Warrant Value
(2.94 - 1.5)/3 = 0.48 ( still profit 2 cents) 4.3%
b) With Target Value of RM 3
(3-1.5)/3 = 0.5 ( Got profit of 4 cents) 8.6%
Kencana CF
price 0.075
Exercise 2.7
Conversion Ratio 3
a) Current Warrant Value
(2.94 - 2.7)/3 = 0.08 ( still profit 0.005 cents) 6.25%
b) With Target Value of RM 3
(3-2.7)/3 = 0.1 ( Got profit of 0.025 cents) 33%
Wijaya has been in the doldrums for quite some time..whther today is the really breakout we have to see a close above 50 cent..all wijaya wijaya -la wijaya-wa all up..Just recent news is wijaya got ex ceo of TH plantation..a new substantial LTH making a foray to WIJAYA..wait and see your local finance daily. stay out of MUDA...SC query today
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