Skip to main content

Last Minute Shopping

AMMB- Call Warrant

Exercise price RM3.80

Mother share RM3.90

12 October 2007
5 covereds to buy one share
Foreign houses valuing mother share at RM4.30-RM5.00. Catalyst soon, removal of some board members and installation of ANZ people on board, bound to stir more institutional interest. Now this covered warrant is reasonably priced, buy up to 22 sen, sell above 30 sen.

Premium = 5 x 20 sen = 1.00 + 3.80 = 4.80 / 3.90 = 23%.
Gearing = 3.90/1.00 = 3.9x

The only decently priced new call warrant over the last 3 weeks.


Tan said…
When is the ANZ people coming on-board??
Salvatore_Dali said…
as i did not prepare the minutes of the meeting, and was not invited to attend... i can only say very soon... ; )
CocoaNut said…
salvatore, MU drew 1-1
Salvatore_Dali said…
have to approach the treble again with a sense of destiny, not fretting over it, what will be will be...
CocoaNut said…
newcastle 0 - 0 chelsea now at 72nd min.
let's see
chelsea always have the last minute dog luck
jumbo said…
hi Dali,
sorry to bother u. Any tp for uemw in medium term.
Salvatore_Dali said…
uemw play will come in waves, there seems to be better picks elsewhere for teh time being, large caps like uemw needs a lot of stocks and liquidity, better to play midcaps, easier in volatile mkts
Salvatore_Dali said…
god plays in red and white this year
CocoaNut said…
bad loser mourinho opened his mouth again...LOL

not a good news on Rio though
dummy said…
How long is your show time on Ammb CA today? Half day or 1 day show? Thanks. I am already in it.
Salvatore_Dali said…

i usually will not answer these type of questions ... basic answer "i don't know" ... there are so many imponderables in investing, bad things can happen elsewhere overnight... we take profits or losses according to our perception of risk and views on the mkts, we each have our own tolerence of risk and reward... and i believe i have said where i will buy and when i will sell ... too much info already, anymore i will be holding yr hands to cross the street as well
dummy said…
My apology.
Salvatore_Dali said…

no need to apologise, just don't ask those type questions again, no offence taken, good luck, hope u make money...
Salvatore_Dali said…
for those who follow, when activity jumps in volume, esp for covereds, look at the amount traded and the amount on issue... prior to today, you get maybe 3m to 5m traded a day. as at 3.20 total traded for ammb-ca is 25m... total amount issued is 60m, you do the math, yes somebody looks to be collecting, sell on highs, buy on dips... till news come into fruition.
mj said…
STOCK ALERT - Malaysia's AMMB sharply higher on unit's jv with e-pay Asia
KUALA LUMPUR (XFN-ASIA) - AMMB Holdings Bhd was sharply higher after it was reported that its commercial banking arm AmBank Bhd will form a joint venture with e-pay Asia Ltd, dealers said.
AMMB was up 0.20 rgt or 5.03 pct at 4.18.
e-pay Asia Ltd said yesterday its 60 pct-owned e-pay Malaysia has formed a joint venture with AmBank to recruit new retailers throughout Malaysia for AmBank's credit card transaction services.
The provider of electronic payments said e-pay Malaysia will expand its network of terminals to support both prepaid and AmBank credit card transactions, and plans to roll out a total of 3,000 terminals over the next 24 months.
(1 usd = 3.42 rgt) xfnsa/xfnjg
boyplunger said…
In addition to the existing 9 board members at AMMB, ANZ will nominate a total of 3 board members on AMMB’s board, 1 each at AmBank, AIGB and AmInsurance. In addition, there would be a number of senior management positions to be filled up by ANZ – Deputy Group Managing Director, Group Chief Financial Officer, Chief Risk Officer, 2 senior management positions each at the retail, business banking and investment banking divisions. Details of the appointments are listed in the circular to shareholders in relation to AMMB’s EGM tomorrow.

Popular posts from this blog

My Master, A National Treasure

REPOST:  Its been more than two years since I posted on my sifu. This is probably the most significant posting I had done thus far that does not involve business or politics. My circle of close friends and business colleagues have benefited significantly from his treatment.

My Master, Dr. Law Chin Han (from my iPhone)

Where shall I start? OK, just based on real life experiences of those who are close to me. The entire Tong family (Bukit Kiara Properties) absolutely swear that he is the master of masters when it comes to acupuncture (and dentistry as well). To me, you can probably find many great dentists, but to find a real Master in acupuncture, thats a whole different ballgame.

I am not big aficionado of Chinese medicine or acupuncture initially. I guess you have to go through the whole shebang to appreciate the real life changing effects from a master.

My business partner and very close friend went to him after 15 years of persistent gout problem, he will get his heavy attacks at least…

PUC - An Assessment

PUC has tried to reinvent itself following the untimely passing of its founder last year. His younger brother, who was highly successful in his own right, was running Pictureworks in a number of countries in Asia.

The Shares Price Rise & Possible Catalysts

Share price has broken its all time high comfortably. The rise has been steady and not at all volatile, accompanied by steady volume, which would indicate longer term investors and some funds already accumulating nd not selling back to the market.

Potential Catalyst #1

The just launched Presto app. Tried it and went to the briefing. Its a game changer for PUC for sure. They have already indicated that the e-wallet will be launched only in 1Q2018. Now what is Presto, why Presto. Its very much like Lazada or eBay or Alibaba. Lazada is a platform for retailers to sell, full stop. eBay is more for the personal one man operations. Alibaba is more for wholesalers and distributors.

Presto links retailers/f&b/services originators with en…

How Long Will The Bull Lasts For Malaysia

Are we in a bull run? Of course we are. Not to labour the point but I highlighted the start of the bull run back in January this year... and got a lot of naysayers but never mind:

p/s: needless to say, this is Jing Tian ... beautiful face and a certain kind of freshness in her looks and acting career thus far

I would like to extend my prediction that the bull run for Bursa stocks should continue to run well till the end of the year. What we are seeing for the past 3 weeks was a general lull where volume suddenly shrunk but the general trend is still intact. My reasons for saying so:

a) the overall equity markets globally will be supported by a benign recovery complemented by a timid approach to raising rates by most central banks

b) thanks to a drastic bear run for most commodities, and to a lesser extent some oil & gas players, the undertone for "cost of materials" have been weak and has pr…