Update

Nothing much to report .. my holding still in longkang. Pelikan looks very bearish . Still waiting for a coma state before any action. I like their business ^. According to sam, 2nd financial tsunami is on the way..so i've decided to stay sideline before upgrading my portfolio. The only good news for me is my business in Malaysia still doing ok. So long i still can generate money to survive, thats more than enough atm. :(

Anyway, Aminvestment offers my favourite investor's warrant..woa. Since i'm not so good with warrant, not going put any in this warrant. Burnt my money in 2007, thanks to Dr.Kim :p.

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AmInvestment offers Berkshire zero strikes
Published: 2009/03/13



AMINVESTMENT Bank Bhd is launching up to RM100 million of zero strike warrants that will track the performance of Warren Buffett's Berkshire Hathaway Inc in the US.

Priced at RM1 per unit, the underlying share of the zero strike warrants is the Class B shares of investment firm Berkshire Hathaway, which holds stakes in Coca-Cola, American Express and Wal-Mart, among others.

Unlike other call warrants, the strike is set at zero, hence the name, and it will always be "in the money" unless the underlying share price goes to zero, AmInvestment Bank head of equity derivatives Ng Ee Fang said.

At maturity, the zero strike pays the entire share price value of the underlying share after adjustment for currency and the exercise ratio.

The zero strike will be listed on Bursa Malaysia and can be traded like any stock or warrant.

It has a maturity of five years and is automatically converted upon maturity to pay out the performance of the B shares during the life of the zero strike.

One board lot is 100 shares, which means that the minimum investment is just RM100. This gives small investors a chance to invest in one of the most expensive stocks in the world.

Every Class A share of Berkshire Hathaway costs US$83,700 (RM308,853) at the last closing price, while Class B shares were last traded at US$2,740 (RM10,111) each.

"The zero strike also allows investors to participate in the consumer recovery story over a comfortable time frame of five years," Ng said.

Over the past year, Berkshire Hathaway's Class B share price has fallen to its record low, or more than three times as much as the decline in the company's book value in that period, she pointed out.

This allows investors to buy the Class B shares at among the cheapest price-to-book values on record.

The offer will end on April 10 and the zero strike warrants are scheduled to be listed on April 22.