what an effing joke bye bye hardman, page-8

re: valuation 1.02 to 1.48 current math 2.12 TULLOW OIL (LSE:TLW.L)

Last Trade: 415.25 p

Trade Time: Nov 14
Change: 0.75 (0.18%)
Prev Close: 415.25
Open: 417.00
Bid: 415.00 x 32749
Ask: 415.50 x 4300
1y Target Est: 385.01

Day's Range: 414.50 - 417.00



xe.com Universal Currency Converter ® Results
Live mid-market rates as of 2006.11.15 02:35:15 UTC.
4.1525 GBP
United Kingdom Pounds = 10.2791 AUD
Australia Dollars
1 GBP = 2.47540 AUD 1 AUD = 0.403975 GBP



one Tullow shares costs $10.27 AUD


10 HDR shares gets you 2.2228 Tullow shares

$10.27 x 2.2228 equals $22.82

so effectivley $2.28 for your hdr thats 26c above the offer price but you will only get 40%


26c x 40% equals 10c

$2.02 plus 10c $2.12 current share price is $2.08 so there is abitrage still there for the poms to buy HDR on market insteadd of buying Tullow