THE INVESTOR'S GUIDE TO WARRANTS:
Capitalize on the Fastest Growing Sector of the
Stock Market, Second Edition (Hardcover)
by Andrew McHattie Rating: ISBN-10: 027303751X
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Warrant Symbol - SHR.WT
Number Trading -
Expiration Date - December 31 1990
Cusip - 82324E 11 4
Warrants called to trade news:
1990-02-12 17:04 MT -
Warrants Called to Trade
Further to the VSE notice dated
December 1 1989, effective at the
opening February 13 1990, the bonus
warrants will be posted and called
for trading on a when issued basis.
For further information refer to the
bonus warrant distribution dated
February 5 1990.
Basis of Offering: 5 bonus warrants
exercisable for 1 share at $3.12 per
share.
Record date: November 29 1989
Shares tde ex-wts: November 23 1989
Wts trade for cash: December 20
1990
Wts expire: December 31 1990
Section: 1
Wt trading symbol: SHR.WT
Wt Security No: 912700
Wt Cusip No: 82324E 11 4
- Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
- Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
- Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
- Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
- Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
