13/9/2021, 9:46 amMKTUPDTE13 September 2021 Announcement of Warrant Exercise Price (BRMWF) – Barramundi Limited Barramundi Limited (Barramundi) wishes to advise all Barramundi Warrant Holders (BRMWF) that the final exercise price of the warrants is $0.64. Further details regarding the Barramundi warrants, which have an exercise date of 29 October 2021, will be emailed/mailed to all warrant holders during September 2021.
13/9/2021, 9:46 amMKTUPDTE13 September 2021 Announcement of Warrant Exercise Price (BRMWF) – Barramundi Limited Barramundi Limited (Barramundi) wishes to advise all Barramundi Warrant Holders (BRMWF) that the final exercise price of the warrants is $0.64. Further details regarding the Barramundi warrants, which have an exercise date of 29 October 2021, will be emailed/mailed to all warrant holders during September 2021.
I thought the exercise price was 70c less four paid dividends which was 6.35c?
Thank you I wasnt aware of that. Makes a difference luckily not too much
Always amazes me that buyers of the head share, after the XD date, don't buy the warrant. Figure that a lot of investors do not know exactly what a warrant is.
At todays prices there is a 6% arbitrage opportunity for BRM holders ...sell head shares and buy warrants to exercise on 29th Oct to get head shares back . Risk free 6% on offer !!
Yes the warrants are better buying than the head shares for sure.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
There will be 'up to but not exactly' 20 percent more shares issued once warrant exercise takes place. That should in theory bring the market price down via NTA dilution. In theory.
Pre div was the time to sell circa 110c and restock at 64c ps plus price of any warrant top up buys on market.
I never take DRP shares. Take cash instead for market dip opps and regular warrant issue exercise.
Not alot of holders are active holders I gather. It's a passive approach for some.
Last edited by SPC; 13-09-2021 at 12:19 PM.
Reason: Additional information
Disc: I have built up a large stake in Barramundi warrants and will exercise them all on 29 October.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Reply With Quote
Originally Posted by Sideshow Bob
Bookmarks