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These non-trading warrants are just like ESOS, where staff have up to 5 years to exercise it, while these warrants allow the shareholders up to 3 years to do it. As long as the mother shares stays much higher than 1.50, many will exercise it. I strongly believe the share price will stay high as the management needed the money for whatever reasons.
See why the big fund pressed the prices down earlier, only to shake retailers out and to buy at lower prices. A lesson to be learnt here especially with good fundamental index link stocks. Always accumulate on dip when funds do portfolio change or something like this.
I am buying big today cos I strongly believe Trump will reverse Biden's AI restrictions policy very soon. Will keep the shares even if the reversal doesn't fall thru now.
Fund likely to have completed its portfolio swap. YTL already seen its current bottom and strong support at 2.12 and to test its mild resistance at 2.29 breaking it will surge to 2.45 very soon.
With most index link stocks, it's very common to see big fund managers doing portfolio change. In this case, we see funds disposing of its shares bought at lower prices and will then buy it back with new portfolios. It will use any negative news as the justification to sell and buy. Retailers should not be fooled by this to sell but instead take the opportunity to accumulate on the big dip in prices. Retailers must study the fundamentals and stay disciplined if you want to ride with the company
