THE slick investor is unlikely to gravitate towards warrants of Tenggara Oil Bhd. On its valuations, the warrants are not particularly attractive.
First, they have a high conversion premium of some 600 plus per cent, as the exercise price for the warrants is RM3.56, while the warrants are currently trading at 30 sen compared to the mother share at 56.5 sen.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
