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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Chromex | LSE:CHX | London | Ordinary Share | GB00B16QP362 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 36.50 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 36.50 | GBX |
Chromex (CHX) Share Charts1 Year Chromex Chart |
|
1 Month Chromex Chart |
Intraday Chromex Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/10/2011 | 07:13 | Chromex Mining: Tidy Chrome Play in SA | 541 |
| 07/2/2002 | 16:35 | Chemex International : Eco-toxicology / Enviro Chemistry | 7 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 31/8/2010 15:10 by kenmitch Almost no premium? The warrants are now at a discount and very cheap IF there is anything behind the share price rise today. Warrant price with zero premium (exercise price is 20p) with the share price at 33p would be 13p. At the selling price of 30p the warrants would be 10p to sell with a zero premium. Horrible spread and likely to be difficult to sell if there is no bid. I hold in hope - and a bit more optimistic today, if the share price tick up and bit of buying is significant. A bid at 40p and an offer to warrant holders of 20p would be good. Anything even better would be a real bonus. Most likely? No bid knowing my luck in bid situations like this! |
Posted at 18/8/2010 13:38 by kenmitch Interesting post Saucepan and I agree with all of it. If bid talks are ongoing then this is a buying opportunity but it's guesswork. The warrants used to be easier to trade - I bought and sold them in the past around or even occasionally inside the quoted price. 6p is a crazy sell price with the shares where they are. Unless desperate for the money there's no point selling at that price imo as even if news is leaking of no bid, there is still time for the warrants to have a decent run. Also though a failed bid is not yet in the share price the warrants are so cheap technically that they might not fall much even if the shares drop to around 20p. |
Posted at 18/8/2010 08:38 by kenmitch 40000 warrants sold at 6p when the quoted price was 9p. Now the spread is a still awful 6p to 10p. Seems a bit strange selling so far below the quoted price and it is such a small sale that it is hard to see it being anyone with any inside knowledge!I still hold the warrants as it's worth the gamble that there is still a slight chance of a bid at 35p. That should mean warrant holders being offered at least 15p to give 50% upside from the current buying price. The share price performance is either telling us that everyone involved in a potential bid is doing very well ensuring no news is leakiing, or more likely that there is no news to leak and there won't be a bid at any price. Any who disagree with that will get more upside buying the warrants than the shares - though be prepared to lose the entire stake if the share price is 20p or lower when the warrants expire in September next year. Still a chance that even without a bid that the shares could do well on other good news over the next year or so. |
Posted at 10/8/2010 19:14 by kenmitch Usually if the market expects a higher offer the share price rises above the current bid price. The fact that it is still well below means the market is not expecting a higher bid. Fortunately that doesn't mean there won't be a higher bid or several bidders eventually. Agree with sailing john that these things usually take months rather than weeks. Then there is news one way or the other sometimes out of the blue and sometimes well forecast by the share price just ahead of any news if it is leaking out. A shame that the spread is so awful on the warrants as a bid at 35p is already almost priced in to the 14p buying price but not the 9p selling price. So no point buying the warrants imo unless confident of a bid higher than 35p but well worth holding as the uplift from the current 9p sell price would be very good. Fingers crossed for good news eventually as otherwise the downside for the warrants could be high. |
Posted at 27/5/2010 18:49 by moosh2 i think i get it now. thanks.i wouldn't say this share has been held down. from a techy viewpoint, monthly macd has been bearish (macd below signal and below zero - both of which can be a hinderance to major upward movement). currently weekly macd gone +ve last few weeks, which is when big moves come in, which, when combined with +ve RNSs can result in consolidation at higher share price levels (daily 9/26/200 EMAs also appear to be following elliott wave theory so at least that's working!). goldplat have been monthly macd bearish for nearly 2 years (!!), despite increasing revenues/profits/+ve RNSs. fundamentals for a company may be great, but if the longer term techs are bearish, not much other than superduper news which makes the MMs open the share price at 50-100% up from previous day will cause a new uptrend to start, so we just have to wait for things to pan out naturally. all IMO. but while monthly/weekly macd bearish, worthwhile just building up a free holding in dribs and drabs on the daily fluctuations cos' PIs generally don't know about all this macd rubbish and just tend to buy if the share price is going up, which makes it easier to sell in a mini-demand. |
Posted at 27/5/2010 14:52 by sailing john Moosh - The way to think about it is this - extreme exampleIf the shares were trading at 20p and you wanted 1m shares would you rather pay £200k to hold shares or have some free warrants. Of couse you would have free warrants as no downside risk to you and the same would apply if shares were 19p even though your warrant starts of at -1p it is not money you have to stump up. In the real world they are obviously not free. Even at 20p or less the warrants have a value because of the leverage you get but it might only be 3 or 4p. It is simply a measure of downside risk vs upside potential If the share price goes well above the warrant exercise price then the leverage starts to disappear and the differential between warrant price + exercise price and the actual share price starts to disappear. Hope that makes sense SJ |
Posted at 27/5/2010 13:02 by moosh2 so if current CHXW to buy is 8p, then warrant share price 28p?. but CHX share price is 26p to buy. so aren't you paying over the odds already on the CHXW?! |
Posted at 27/5/2010 08:44 by kenmitch moosh2You must be looking for problems that aren't there. It is just simple arithmetic and nowt else. To work out the value of the warrant simply deduct 20p from the share price and the resulting figure gives you the "correct" warrant price. e.g share price 25p. Deduct 20p. Warrant is worth 5p e.g share price 50p. Deduct 20p. Warrant is worth 30p. e.g share price £2 - dream on! - deduct 20p. Warrant price £1.80. I can't explain it any better than that. The only other thing to work out - again obvious Share price 19p - deduct 20p and the answer is minus 1 and if that is the share price at expiry time then the warrant will expire worthless. All warrants have a final exercise date - the longest Raven Russia warrants out to 2019, and of course an exercise price. For Chromex it is 20p exercise price and expiry on 7th September 2011. |
Posted at 27/5/2010 08:37 by kenmitch Bo DoodakI can understand why you think that, but I haven't posted for those reasons. I'm not looking to exit yet as there is a chance that this time the share price rise might be sustained, and having held the warrants for several years - at a loss most of the time - why exit now when at last the chances of the share price gains continuing seem a bit greater than when that has happened in the past. There's also been a post on the ADVFN warrant thread saying "buy" Chromex warrants and I posted there too to agree, but also pointed out that the shares have often risen only to fall back again. Also if posting for the reason you said I would NOT have bothered to do the post explaining things (unsuccessfully!) for moosh2. You'll have to take my word for it, but I've been posting for years and have never tried to take advantage in the way you suggest for my own benefit. What I will be watching is if the shares and warrants rise further but then the shares start falling back yet again THEN I might well get out. EDIT. Forgot to say that Chromex tends to ignore big market moves in both directions! Look how it did nothing while the market was soaring in 2009 so I doubt it to go up or down much now either on good or bad days generally. |
Posted at 26/5/2010 09:14 by kenmitch No-one has mentioned the warrants - I've held them for ages,and they've done nothing for ages.Exercise price is 20p and expiry in September next year. Shares are now 26p to buy and the warrant is 8p to buy. So those of you targeting that 45p share price would then see a warrant selling price around 25p. 50p for the shares would give a warrant price of 30p. 20p or less for the shares this time next year and the warrants would expire worthless. Any buying today at 8p will need the shares at 29p or more to sell to be sure of a profit, assuming the warrants can then be sold for 9p. They are not traded much. You probably have to sign a risk form before being able to trade them - but the only risks are losing your stake IF the shares finish 20p or under, but you can sell them any time between now and then just like the shares. The other negatives are a wide spread and it is not always easy to sell large stakes. But for anyone who thinks the shares are going up the warrants are at a very good price. Code is CHXW. A few buys might well lift the buying price as few trade these warrants. I'm not buying any more because I've lost count the number of times there have been these share price rises and so far they have never lasted. Will it really be different this time? |
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