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 - TLE.WT.A
Number Trading -
Expiration Date - January 5, 1993
Cusip -
Warrants called to trade news:
1992-08-24 16:32 MT - EOP
Date Fixed
Effective date: July 8 1992
Offering date: August 25 1992
Expiry date: January 5 1993
Trade date: Tba
Offering: 1,100,000 units
Price: $1.40
Agents: LOM Western
Agents Wt: For 250,000 shares
Wt exercise price: $1.50
Wt expiry date: One year from trade
date
Greenshoe: Maximum of 225,000
shares for 60 calendar days from
trade date
Directors: Tba
Trading symbol: TLE
Security No: 659601
Cusip No: 87951F 10 2
Warrant symbol: TLE.WT.A
Wt security No: 915265
Unit security No: 871846
- 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.
