Well, OAs are selling at a NEGATIVE time premium.
This seems harsh given that they still have a few months to go and they are in the money
Never seen this before (they have been behind the heads price by >1.0c ever since the shares started trading again).
Trust me to own the ones where this happens!
So theoretically there is an arbitrage situation on - buy OAs now and convert for a 10% discount (completely disregarding the leverage still available on them as trading tools which is still there to a small extent, compared to the OBs, but with a bigger risk:reward situation)
I suspect (hope) that they will catch up (at least to a neutral time premium, ie 1c behind heads after all this initial euphoria settles down...
sasa
(I hold both OAs and OBs)
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Last
34.0¢ |
Change
-0.020(5.56%) |
Mkt cap ! $168.7M |
Open | High | Low | Value | Volume |
36.5¢ | 37.0¢ | 34.0¢ | $220.5K | 614.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 23244 | 34.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 54116 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 23244 | 0.340 |
1 | 2000 | 0.335 |
2 | 15075 | 0.330 |
1 | 20000 | 0.325 |
4 | 21375 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 54116 | 1 |
0.365 | 57873 | 1 |
0.370 | 22279 | 1 |
0.375 | 50000 | 1 |
0.380 | 2931 | 2 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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