The first warrant, Baosteel warrant ( information quotation forum ) The last trading day of Baosteel warrants is August 23; The exercise date is only August 30; 50000 dormant accounts are unknown
G Baosteel ( information quotation forum ) The call warrants of Baosteel will expire on August 30, and the trading will be terminated five trading days before the expiration of the warrants, so the last trading day of Baosteel warrants is August 23. The exercise date of Baosteel warrants is only one day, which is the last day of the warrant duration, namely August 30. The Baosteel warrants that have not been exercised on the expiration date will automatically become invalid after the exercise date.
● Baosteel JTB1 ( information quotation forum ) It's a piece of waste paper
According to the statistics of Shanghai Stock Exchange, as of July 13, there were still more than 49000 Baosteel warrant accounts in the distribution of G Baosteel's share reform warrants without any trading behavior, holding a total of 8.9 million Baosteel warrants, including 885 accounts holding more than 1000 warrants and 3.35 million warrants in total.
Experts pointed out that with the approaching exercise period of Baosteel warrants, if the final exercise value of Baosteel warrants is less than the market price of warrants, warrant holders may face greater investment risks. After dividend and ex dividend, the exercise price of Baosteel warrant is 4.2 yuan, that is, the holder of a Baosteel warrant has the right to purchase 1 share of G Baosteel stock at 4.2 yuan on August 30 only - but at the close of Wednesday, the price of G Baosteel is 4.06 yuan/share. The intrinsic value (the difference between the share price and the exercise price) of Baosteel's warrant is -0.14, which means that the warrant is a piece of waste paper.
● Price will decline in the future
Baosteel JTB1 has been listed and traded since June 2, with the highest price of 1.8 yuan. The average price of the previous days was about 1.3 yuan. On Wednesday, Baosteel JTB1 closed at 0.527 yuan per share, and its price is likely to decline.
According to the Shanghai Stock Exchange, nearly 8.9 million warrants of 49000 accounts in this "dormant" state were obtained from the distribution of G Baosteel's share reform consideration. On average, each account holds 115 Baosteel call warrants, and most of these warrants are held by individual accounts. (Wang Lai)
(Jinling/Prepared)
