Another conundrum is why AJMOB is proving so resilient or indeed how it’s ended up priced above three cents for so long. Yes they’re long dated but the price needs to rise to over 27 cents by expiry for them to offer any leverage advantage.
On a related note, we know that the only real holders of AJMOB are small parcels with mainly retail investors and the majority of the balance with AB and management. Boosters the perspective of forced selling in the heads or manipulative churn to the downside by an external party.
It’s a very long bow to draw but could this indicate a bid of 30 cents or higher is in the wings?
Another conundrum is why AJMOB is proving so resilient or indeed...
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