Simon

[saash]

SB BIL CG - Please can you organise the matrix to be updated

[gida]

hey girl (assumptions) im also stuck with this idiotic trade... now im wondering... no move??? eish...

[saash]

It trades off the matrix. They need to extend the range of the matrix.

[gida]

oh... but the bids and offers?? are within the 3 and 4 c range? if i wanted to sell id take my R80 loss for costs?? i cant believe a +7% diff on underlying share would yield no change... please advise somebody?

[saash]

12 and 13c - Where you looking?

[saash]

Today's Matrix ends at share price of 181. Share is trading at 188.

[gida]

oops im holdin sb bil cf?

[saash]

Well a 1c move is 33%. That's around 4% on the underlying per 1c on the warrant.

[gida]

eish... it is the same problem... so i bought 100000 more at 3 cents hopefully will profit when the matrix is fixed... is that a stupid view to take... who could help us with this problem?

[saash]

Well - Simon's not going to help with extending the range of the Matrix. Suggest you phone Standard Bank. I've sold my Bill Calls. Only be buying more if you thing the share is going up more. The matrix won't miraculously make the warrant value come up.

[gida]

oh but if the value of the underlying security is up then the call should go up too??? and since the bank is the buyer and seller of the warrant therefore... the price should always be fair? please someone enlighten me?????>?>

[#12]

With a strike price at 275.00 and weekly time decay 19 % you should not be in this thing at all. Even if bil had to rise a nuther 7 % tomorrow she will not move. It has no value get out

[gida]

thanks hennie... eish... learned by burning them fingers...

[SimonPB]

people, two things. Firstly request such as this one are best directed to SB warrants (011 378 7143) as I am not always on the forum and miss posts.

Secondly, even though the matrix you see may be out dated (in that the stock has moved off it) the issuer will have updated the matrix they're using. They just don't update the website matrix during the day, but call them ands they can give you the new details.

[gida]

OKAY but what about people who only have this forum / website as a platform... i suspect some peoples trades are based on the information they find on this site?

[SimonPB]

gida, sure. But by putting a request for me here you're relaying a message. Quicker to go direct.

[saash]

Gida, are you still holding those warrants, and what is your current cost price of the holding?

[gida]

i sold at the 4c i bought at... only lost trading costs +/- R160