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 - HR.WT.L
Number Trading -
Expiration Date -
Cusip - 412904 11 2
Warrants called to trade news:
Debentures to trade
1994-11-15 16:00 MT - Miscellaneous
Effective at the opening November 15
1994, the 8% convertible unsecured
subordinated debentures dated
October 5 1994, due October 4 2004,
will be posted and called for
trading on the VSE and the special
warrants (symbol HRC.WT.L) will be
delisted.
Interest on the debentures is
payable at 8% per year, half yearly
June 1 and December 1. The first
date on which interest is payable is
December 1 1994 at 8% per year from
October 5 1994.
The debentures may not be redeemed
prior to October 5 1997, thereafter,
and prior to October 5 1999, the
debentures may be redeemed by the
company if the weighted average
price at which the common shares
traded during 20 consecutive trading
days ending on the fifth trading day
preceding the date on which notice
of redemption is given was not less
than 125% of the conversion price.
From October 5 1999 to maturity, the
debentures are redeemable at any
time, at the option of the company.
Each of the $1,000 principal amount
of the debentures will be
convertible at the option of the
holder at any time before the close
October 3 2004, the date immediately
preceding the date of maturity of
the debenture, at a conversion price
of $16.50 per common share, being a
rate of 60.606 common shares for
each $1,000.
Capitalization: 76,500 debentures,
each having a face value of $1,000
Trading symbol: HRC.D
Security No: T78685
Cusip No: 412904 AA 2
Transfer agent: Montreal Trust
1994-10-04 15:45 MT -
Warrants Called to Trade
Effective at the opening October 5
1994, subject to formal closing
prior thereto, the special warrants
of the company will be posted and
called for trading on the VSE.
Capitalization: 76,500 special
warrants are outstanding
Trading symbol: HR.WT.L
Security No: 893620
Cusip No: 412904 11 2
Transfer agent: Montreal Trust
- 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.
