Just learning about instalment warrants. I've read some literature, but I'm still not crystal clear.
Say I buy instalment warrant, I choose highly geared one close to maturity date. I see that completion payment + last offer price is higher than less geared ones, makes sense.
Not entirely clear on what happens once I've purchased that warrant. I believe as expiry approaches I can
1. make second payment (obtain ownership),
2. roll into new instalment, (don't know actually how/where to do this)
3. if share price falls, what happens to my warrant after expiry, do I lose my money?
4. sell instalment on market - will it be worth anything?
Also, not sure about time decay? What is that?