Simon - Telkom,

[spacy]

i have a warrant called tkgsbf and telkom moved up 2.2% today but my warrent never move up how come?

[#2]

warrant price did move. bid and offer ranged from 10 11 ; 11 12 and 12 13. the reason for the small move in the warrant price relative to the share price is due to the delta. as the underlying gets closer to the strike (in this case 195) the delta will increase and you'll see bigger changes in the price of the warrant. this warrant is still far from the strike and thats the reason we are seeing such small moves, but it only expires in may 2008-so i'm holding on to it for telkom to stage a decent recovery.