ubs could mean new bid in play, page-6

abitrage math TULLOW OIL (LSE:TLW.L)

Last Trade: 400.00 p
Trade Time: Oct 27
Change: 7.00 (1.72%)
Prev Close: 400.00
Open: 405.50
Bid: 399.75 x 32749
Ask: 400.25 x 4300
1y Target Est: 404.80

Day's Range: 399.00 - 409.50
52wk Range: N/A - N/A
Volume: 0
Avg Vol (3m): 4,507,230
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): 0.00
Dividend: N/A ( 8-Jul-05)

4.000 GBP
United Kingdom Pounds = 9.85721 AUD
Australia Dollars
1 GBP = 2.46430 AUD 1 AUD = 0.405794 GBP


So buy my rough calcs 10 HDR shares gets you 2.2289 Tlw shares $9.86 x 2.22289 $21.97

So thats $2.19 each as opposed to $2.02 ( 17cents ) more but you can only get 40% of this

So 17cents divided by 40% is about 7c ? plus $2.02 equals $2.09 !

Current s/p $2.07


Am I correct or am I a complete Twit ?