Confused about Installments - SIMIBA

[WernerH]

Hi all... This installment has the following info: Price of SIMIBA = 10c Underlying = Simmers Simmers at Close Yesterday = R7.00 Final Installment = R9.00 Conv Ratio = 1:1 Expiry = 4 Sep 2007 What is confusing me is that this seems more like a warrant. Are Installments normaly not offered at half the ruling price at a point in time (i.e. share at R7, installment offered at R3 with some interest). Simmers has never been anywhwere close to R9.00. Is this actually a warrant? Werner

[SimonPB]

yes, it is a warrant.

[#3]

I think this is actually an Investec EDS - so if you use the filter on this website it should sow uo under instalments. In reality some of the eds' are more like warrants, as Simon says...

[SimonPB]

not to this degree.

[john_1]

Just call them Richard 0112864742

[WernerH]

Spoke to Richard (Investec) This product is definitely a Warrant (even though it is classed as a EDS (read Installment)). So it has been classed incorrectly. So i have not lost my mind... Werner