1 million crossed at 2.07, page-2

re: 1 million crossed at 2.07 still 4c abitrage
Last Trade: 416.50 p
Trade Time: 4:35PM
Change: 1.25 (0.30%)
Prev Close: 415.25
Open: 419.50
Bid: 416.25 x 32749
Ask: 416.75 x 4300
1y Target Est: 385.01


Live mid-market rates as of 2006.11.15 23:04:26 UTC.
4.165 GBP
United Kingdom Pounds = 10.2849 AUD
Australia Dollars
1 GBP = 2.46936 AUD 1 AUD = 0.404963 GBP


one Tullow share is $10.28 AUD

10 HDR shares gets you 2.2228 Tullow shares
TULLOW OIL (LSE:TLW.L)

$10.28 x 2.2228 equals $22.85

so effectivley $2.28.5 for your hdr thats 26.5c above the offer price but you will only get 40%


26.5c x 40% equals 10.6c

$2.02 plus 10.6c $2.12.6c current share price is $2.08 so there is abitrage still there for the poms to buy HDR on market instead of buying Tullow