Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Purple shamrock loves dialog
by reyaz Fri Jun 22, 2018 6:55 pm

» MARKET CRASH - GUARANTEED
by Maharaja Fri Jun 22, 2018 1:15 pm

» BLUE HORSE SHOE LOVES SIERRA CABLES
by reyaz Fri Jun 22, 2018 6:06 am

» TECHNICAL ANALYSIS REPORT FOR JUNE
by ruwan326 Thu Jun 21, 2018 2:40 pm

» Market up soon...
by ruwan326 Thu Jun 21, 2018 7:10 am

» what's happening to TKYO.N000?
by hasitha@CSE Wed Jun 20, 2018 1:25 pm

» HVA might give dividend
by anjelo Tue Jun 19, 2018 1:35 pm

» SRI LANKA'S ECONOMY
by samaritan Tue Jun 19, 2018 1:14 pm

» ONE TIME WORLD BEST STOCK MARKET -WHAT HAPPENED?
by dsam Mon Jun 18, 2018 2:21 pm

» PREDICT And WIN..........
by Eugine Fernando Mon Jun 18, 2018 2:12 pm

» TOUGH TIMES AHEAD........!!!!!!!!
by cruiserdude Mon Jun 18, 2018 10:47 am

» Chicken imports to be banned
by TuTanKaman Thu Jun 14, 2018 7:48 am

» VLL - Vidullanka PLC Private Placement
by The Hunter Wed Jun 13, 2018 9:20 pm

» CALF doubled price genuine?
by ruwan326 Wed Jun 13, 2018 10:47 am

» LLUB - foreign exit
by ruwan326 Wed Jun 13, 2018 10:42 am

» Howmuch will the dollar be in one week
by anges Tue Jun 12, 2018 7:21 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market & Forum Help » Question on symbol code.

Question on symbol code.

Go down  Message [Page 1 of 1]

1 Question on symbol code. on Sun Dec 04, 2016 4:00 pm

wanasinghe


Stock Trader
I have 2 questions about symbol code and somebody help me by clarifying that please.


  1. What are the suffixes at the end of share symbol stand for 'C and 'N ?
  2. What is warranty share and it's importance ?


Thank you.

2 Re: Question on symbol code. on Sun Dec 04, 2016 6:15 pm

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
C is given when there was a crossing - arranged buy and sell a big parcel between two parties.

see more :

http://forum.srilankaequity.com/t7103-differences-among-n0000r0000x0000b0000d0000#48418

3 Re: Question on symbol code. on Sun Dec 04, 2016 7:49 pm

wanasinghe


Stock Trader
Thanks Chinwi.

Could anybody reply to my 2nd question too?

4 Re: Question on symbol code. on Tue Dec 06, 2016 4:37 pm

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
I think you are referring Warrants denoted by W such as
NTB-W0002 or JKH-W0022

Warrants are rights with longer lifetime .
A right is given to existing shareholders as a benefit to buy some more shares below market price in proportionate to their holding.

If the share is trading @ 50 a company may issue some new shares to existing shareholders below 50, say 35/- at a proportion of 1 new share for 4 shares he own.
As such the existing shareholder is benefited.
Those new shares are called rights if they assign a price to them. Rights become normal shares when the owner pay assigned price to the company before end date of issue.( 35/- in above example)
Rights can be traded in stock market until the closing date of the issue.
If the company issued them free of charge they are called bonus shares and they are naturally added to each shareholder.

Sometimes, to stimulate the shareholders to buy those rights or as per their cash-flow requirements they give additional kind of rights called warrants linked to the original rights. Somehow, warrants are not given freely to the existing shareholders. They are given only to the persons who paid to convert their rights into normal shares .

Hence, as in above example they may declare 1 new share -right- for 4 existing and 1 warrant for 2 subscribed rights.
If a shareholder has 400 shares he gets 100 rights.
He has to pay 35/- x 100 = 3500/-. If he bought all the rights he was entitled, then he will receive documents for 50 warrants (1 : 2 ) by post , free of charge .

Warrants are also assigned with a price , future date of converting and date of expiry. They are issued always with longer time period than the right.
Warrant holder has to pay the given price to the company at given period of time to convert it to a normal share.
If not they become dead. Warrants also can be traded in stock market.

5 Re: Question on symbol code. on Tue Dec 06, 2016 5:47 pm

wanasinghe


Stock Trader
Dear Chinwi,
Thank you for your detailed reply on my question.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum