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Why is PROTON-CJ trading at High Premium even after GO announcement?

When DRB-Hicom made a general offer for Proton shares at RM5.50, those punters who bought Proton call warrants which were trading at a high premium suffered due to the collapse in time value.  Buyers of warrants should avoid those warrants whose underlying shares have a high chance of being taken over especially if the warrants were trading at relatively high premium prior to the offer being made.  In the announcement of Proton offer by DRB-Hicom, the offer price was only 2.8% higher than the weighted average price of the last 5 trading days prior to the announcement.  The offer price was also only 12.7% higher than the one-month weighted average price of Proton but some of the Proton structured call warrants were trading at premium in excess of 20% prior to the announcement of the offer.

 

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Analysis

Warrant Ranking by Premium (7 Aug 2016)

The following is the list of Warrant Ranking by Premium

Warrant Ranking 7 Aug 2016 by Premium

MALAYSIA LOAN STOCK ANALYSIS 27 MAY 2015

The following is a list of loan stock listed on Bursa Malaysia as at (date).

Malaysia Loan Stock Analysis 270515

Change in Shareholdings (1/5/2015 - 31/5/2015)

The following is a list of change in shareholdings as at (date).

May 2015 (1 May 2015 - 31 May 2015)

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