Derivative Warrants can seriously damage your health
February 24, 2011 Leave a comment
As far as we are concerned the new fangled Deriviate Warrants issued on the Thai market are a cancerous type of security. A trusted source who knows far more about the issue than ourselves put some figures together to highlight the point :
ADVANC13CA from a high at 4 baht to end down on expiry at 1.40 baht
PTTCH13CA from 6 to 2.74
KBANK13CB from 6 to 2.58
PTTEP13CB from 5 to 1.51
SCC13CA from 9 to 2.12
TTA13CA from 3.50 to 0.01
Pure manipulation and a total scam in our book.
Retail investors should stay clear of these toxic assets, otherwise we suspect an untimely end to ones financial wellbeing will follow.