Some serious action on the options happening
Price is rock bottom at $0.001 - $0.002 with some huge orders (10-20m options) at $0.001
Wonder who this is at this price?
You would think someone with deep pockets could:
- snap up the options at ~$0.002
- buy the share at $1.10
- collect the dividend at $0.02 (immediate profit on the options)
- wait for share price to match NTA (currently ~5-6c discount on that)
- trick is the funding cost on the $1.10 needs to be less than the appreciation in the price (arguably it should recover in 2-3mths at most and should like WAM, appreciate more than the 5-6% discount)
Key issue is the deep pockets and time needed for share price to recover to at least NTA
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- WLE
- Ann: Appendix 3B - Exercise of Options
Ann: Appendix 3B - Exercise of Options, page-15
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Last
$1.27 |
Change
0.005(0.40%) |
Mkt cap ! $1.725B |
Open | High | Low | Value | Volume |
$1.26 | $1.27 | $1.26 | $631.2K | 500.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 70711 | $1.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.27 | 120098 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 127893 | 1.260 |
16 | 317741 | 1.255 |
33 | 489301 | 1.250 |
8 | 128898 | 1.245 |
13 | 328421 | 1.240 |
Price($) | Vol. | No. |
---|---|---|
1.265 | 3890 | 2 |
1.270 | 120000 | 2 |
1.275 | 23071 | 3 |
1.280 | 21748 | 4 |
1.285 | 19791 | 3 |
Last trade - 11.37am 31/07/2024 (20 minute delay) ? |
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Nick Poll, Executive Director
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