I don't see why anyone would convert if the price is under $0.20. Why pay $0.20 for shares you can buy on market for a lower price. Currently the options have negative intrinsic value as they're below their strike price. They have an extrinsic/time value represented in the bids offered by those expecting like yourself that the price will rise above $0.21 before expiry.
My expectation is that those who can afford to convert will do so if there is intrinsic value. If the intrinsic value is low, some might not bother to convert and like you said, some can't afford to convert all their options.
- Forums
- ASX - By Stock
- EGR
- ABC news article, Kibaran featured, MD interviewed
ABC news article, Kibaran featured, MD interviewed, page-33
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EGR (ASX) to my watchlist
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.40M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.2¢ | $19.32K | 195.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6383 | 9.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6383 | 0.094 |
1 | 19691 | 0.092 |
2 | 8000 | 0.091 |
2 | 88065 | 0.090 |
1 | 120000 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 5000 | 1 |
0.105 | 20617 | 3 |
0.110 | 68412 | 3 |
0.115 | 27500 | 3 |
0.120 | 102079 | 2 |
Last trade - 15.51pm 16/08/2024 (20 minute delay) ? |
Featured News
EGR (ASX) Chart |