Covered Warrant Update as at October 27

I have posted here an updated Table of Covered Warrants for your reference. After careful study, I've noticed that I've made 2 errors with regards to the computation of the gearing multiple & intrinsic value of the warrants.

For gearing multiple, I have previously used a formula of share price divided by warrant price. It has been revised to share price divided by the product of the multiplication of warrant price & warrant's conversion ratio. Intrinsic value, which was previuosly calculated based on the formula of share price less warrant's exercise price, has been revised to share price less the product of the multiplication of warrant price & warrant's conversion ratio. In addition, the premium of the warrant has now been presented in a slightly different format.

Those warrants with low premium has been highlighted in yellow and amongst them that have high gearing, their gearing multiples are highlighted in green. Two warrants i.e. Astro-CA & Scomi-CA have less than 3 months to expiry. Their expiry dates are highlighted in pink.



























For those who are interested to learn more about covered warrants (or, call warrants), you may check out this link (here).