KIM kimberley diamond company nl.

response from asx, page-21

  1. 113 Posts.
    CFD TRADERS

    I would be interested in your thoughts, if you believe Kimberely Diamonds ( KIM ) is a good trade.

    You are able to CFD 5% the shares at .68 and the TAKEOVER offer is .70 and a bidders statement is due 16th August.

    30,000 x .68 = $20,400 x 5% = $1,020
    If you held the CFDS for 28 days finance cost would be $129.36 approx and brokerage costs $41.40. Total cost $170.76

    So if you sold on the 16th August you would make a profit of $429.24

    Better still someone else might step in and offer a better price ?

    I have worked the figures out and believe the only way you can lose is if GEM pulls out of the TAKEOVER offer or you hold the CFDS for longer than 110 days approx.
 
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