Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

As discussed in <a href="https://www.smartkarma.com/insights/bts-group-w5-warrants-coming" target="_blank" data-smartkarma-citation="insights:35275" rel="noopener">BTS Group W5 Warrants Coming</a> published in mid-December, the W5 warrants would start trading sometime in the new year of 2020. The discussion point on the insight a week later noted that the first day of trading would be 17 February. 
Helpfully, because you know the strike, you had a 14-month option at the time - not a 12-month option. The shares reacted. The rights went ex- on the 13th of December (the big red candle dropping from the high in mid-December), and for whatever reason, the stock actually rose on the open before falling almost 10% that week. 
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/117/855/original/Screenshot%202020-02-14%20at%203.07.06%20PM.png?1581664074" class="editor-image img-responsive" data-smartkarma-image-id="117855"></figure>
<div style="text-align: left;" class="content-caption">source: tradingview.com, Quiddity</div>
Since then, economic figures and forecasts have been non-salutary, and the onset of the novel-coronavirus-2019 has sharply curtailed Chinese outbound tourism, which has dampened the outlook further. The <a href="http://bts.listedcompany.com/newsroom/140120201727500391E.pdf" target="_blank" rel="noopener">interim dividend</a> for the Apr-Sep 2019 fiscal half went ex- on 28 January, and Q3 earnings released Friday. 
The important part isn't all that though. The important part is the BTS W5 warrants. 
More below.

As discussed in BTS Group W5 Warrants Coming published in mid-December, the W5 warrants would start trading sometime in the new year of 2020. The discussion point on the insight a week later noted that the first day of trading would be 17 February. 
Helpfully, because you know the strike, you had a 14-month option at the time - not a 12-month option. The shares reacted. The rights went ex- on the 13th of December (the big red candle dropping from the high in mid-December), and for whatever reason, the stock actually rose on the open before falling almost 10% that week. 

source: tradingview.com, Quiddity
Since then, economic figures and forecasts have been non-salutary, and the onset of the novel-coronavirus-2019 has sharply curtailed Chinese outbound tourism, which has dampened the outlook further. The interim dividend for the Apr-Sep 2019 fiscal half went ex- on 28 January, and Q3 earnings released Friday. 
The important part isn't all that though. The important part is the BTS W5 warrants. 
More below.

Thailand

TERMS TO BE FIXED. DATES ARE INDICATIVE. FIRST EXERCISE DATE ON THE LAST BUSINE S DAY OF THE FIRST    QUARTER FROM ISSUANCE DATE.

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BTS Group Holdings PCL (BTS-R5 TB)

BTS Group W5 Warrants Trading Imminent

As discussed in BTS Group W5 Warrants Coming published in mid-December, the W5 warrants would start trading sometime in the new year of 2020. The...

Travis Lundy

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