Awesome arbitrage atm. It's just that you'll need to have available cash to pay for the new shares. And most of us don't have that. If I was a fund manager I know what I'd be doing today. As you suggested debono. Hoover up options which are selling for virtually no cost and convert.
Anyway two more days to go. The tail is wagging the dog atm which is tying down the FND share price. imo FND should rebound past a dollar on Monday.
Ann: Application for quotation of securities - FND, page-62
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Last
$7.50 |
Change
0.680(9.97%) |
Mkt cap ! $367.6M | |||
| Open | High | Low | Value | Volume |
| $7.40 | $7.70 | $7.10 | $3.240M | 436.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 170 | $7.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.50 | 10946 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FND (ASX) Chart |