help with installment warrant..pls, page-9

Timing is everything.
If one factors in the imputation credits attached to the dividends, ie like a tax rebate of 30% on a 100% fully franked dividend like the banks pay, then deduct the interest component, which is fully tax deductible, you should come out even.

The 45 day holding rule is paramount, to being able to claim the imputation credit.

You either trade the warrant over a 45 day period on the basis the share price will rise, and you make a killing on the dividend, or alternatively on the basis of a profit on both the dividend and ultimate purchase of the shares for a long term investment.

I think both Anz and WBC issued warrants are exempt from calls. or re-set dates. ie; no additional calls are made to the warrants. What you see is what you get.

However those warrants appear to be at a premium.
You have to do the calculations.
Calculate the dividend, add on the imputation credit, deduct the interest component, to arrive at the current market price.
Compare these figures to SG and MBL warrants.
Those warrants have RE_SET Dates. They also have factors which if the share price is below the STRIKE PRICE OR MV, render the warrants void.

Market monitors,
= how the warrant trades compared to the share price.

Active market monitors (good) take an active role,

Active market monitor is required if dealing in warrants.(paramount to your success)

Warning, some market monitors do not take an active role. ie; there is no buy/sell market for your warrants
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Worst of all, market monitors, set the buy sell price , based on indices, which is difficult to manipulate towards the MV.

SG warrants appear to trade relative to the share price
ie; rise and fall with the share price

MBL warrants
my experience is, no reliable active market on a daily basis exists. So inconsistent equates to no market at all. Danger here with no market on a daily basis.

Try a generic trading policy for a period of say 3 months, monitor the results.
Ie; do not buy or trade shares or warrants for 3 months.
Just do a 'paper' generic example, then if you are happy with the results, set limits of say spending $xxxxx of dollars per set period.

Use caution, warrants+ options= complex vehicles.
Use generic paper examples over a 3,6,12 months period before diving in.
Experience and practice means everything.
Theory is inspiring, but means nothing.
Read the RED STuff below.