So... Rather than increase your exposure to 173,000 shares today (by buying more CTPO on top of the 100K you held) you reduced your exposure to 100,000 shares.
You are assuming that you "must" pay 16c for conversion.
Well... If CTP shares hit $2.50 in 2013 would you be happy to sell your 173,000 CTPO for a measely $406,000 (@$2.35 each) without converting?
Or would you be worried about paying 16c per oppy for conversion at those prices?
Your 100,000 shares would only be worth $250,000 at $2.50
If you think CTP is bullish LT the options clearly offer more upside and I don't see how holding a 2014 option is more risky than holding CTP.
re ctpo, page-52
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $39.49M | |||
| Open | High | Low | Value | Volume |
| 5.4¢ | 5.5¢ | 5.3¢ | $12.07K | 219.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 163385 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 300000 | 1 |
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| Last trade - 15.44pm 01/11/2024 (20 minute delay) ? |
| CTP (ASX) Chart |