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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Address: Box 4085, 2600 - 40
King St W
Toronto ON M5W 2X6
Phone: 416 863 5930
Fax: 416 863 7425
Website:
https://www.scotiamanagedcompanies.com
Warrant Symbol - ALB.WT
Number Trading - 2,175,894
Expiration Date - November 30, 2011
Cusip - 01674P
Exercise Price - $50.12
Warrants Called to Trade News:
Allbanc Split II to list 2.17
million warrants on TSX
2011-05-10 16:30 MT - Warrants
Called to Trade
Allbanc Split Corp. II will list
up to 2,175,894 warrants on the
Toronto Stock Exchange on a
"when-issued" basis on May 12,
2011, according to the TSX. As
in a May 2, 2011, short form
prospectus, Allbanc Split plans
to issue one-half of a warrant
for every Class A share held as
of May 16, 2011. One warrant
entitles the holder to buy a
unit at $50.12 before 5 p.m.
(Toronto time) on Nov. 30, 2011.
Each units consists of two Class
A shares and one Class B
preferred share, Series 1. The
ex distribution date is May 12,
2011.
- 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.
