It's gettin' 'fruity' this afternoon.
Monday, onwards, will be interesting.
Why?
Well, if I still held and was prepared to continue to hold the same net position, without adding to it*, Monday (the ex date) could represent a free kick to lower my overall VWAC. I could offload at least 1/3 of my holdings to the dumb money sitting ITQ @ 0.4c -- assuming they're still sitting there on the day -- safe in the knowledge that I have a guaranteed right to restock with the same number directly from the company 25% cheaper (0.3c). I might even offload up to half on an educated guess that there would be no shortage of Shortfall Shares to restock with.
Result: Same overall net position, but with a risk-free 25% lower VWAC on, say, 1/3 of my holding for a lower overall VWAC.
I should point out that my use of the term "risk-free" is purely on a narrow relative basis (i.e. compared with not having executed that 'cunning plan' (eek, Baldrick!)). It should go without saying that there's still a truckload of other risks that I'd still be wearing, regardless.
(*Yeah, I'd suffer the effects of dilution. The strategy isn't for everyone; just one narrow segment of the holder pool.)
However, I'm not holding, so it's just a curiosity for me to see how quickly the bids at 0.4c get arbitraged away.
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Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $14.63M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $16.08K | 4.353M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
110 | 66704834 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 46233176 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
102 | 65395336 | 0.003 |
31 | 60029719 | 0.002 |
21 | 92558697 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 38832711 | 21 |
0.005 | 37724091 | 21 |
0.006 | 8998000 | 12 |
0.007 | 8518277 | 9 |
0.008 | 1800000 | 1 |
Last trade - 15.43pm 06/09/2024 (20 minute delay) ? |
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POS (ASX) Chart |