Perhaps it could be said simpler like this: Peter has gone long on the stock.
If the price drops on average 10% - he loses 20% + $5k on the transaction.
If it gains on average 100% - he gains 90% with a $5k fee.
Why? Well he may not be allowed to sell over the next few days / weeks - and this gives him a way to do so. Why won't he be able to sell? Because of rules around market sensitive disclosure blackout periods.
Ann: Change of Director's Interest Notice - Van Der Made, page-91
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $313.9M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.8¢ | $374.8K | 2.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 114498 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1334406 | 26 |
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| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| BRN (ASX) Chart |