For those holding the above company warrant, maybe it is time to consider converting them to shares. The record date for their upcoming dividend entitlement is as follows: SHS HOLDINGS LTD. - 12 May 2016, 5pm. Final dividend 0.32cts per share, Special dividend 3.68cts per share. Though the warrant expires on 16 DEC 2019, there seem to be no time value in it as it currently trades at around 7.6cts, with an exercise price of 20cts. Adding the exercise price to its current market price, it is still a bit lower than the current mother share market price. The main reason I guess is because the warrant is currently deeply in the money, the time value of the warrant is almost zero. Which means, the intrinsic value of the warrant is simply market value of the warrant + exercise price. For long term investors of SHS Holdings, I ......