Depends how you look at it. It can be a zero cost exercise that then gives the option on the piggies.
As I don’t want anymore exposure to RAC at the moment until I feel some confidence in where the company and hence SP is going I converted and then sold on market for roughly the same price (sorry Hunter).
So I’ve now got the piggies and if the SP drops lower again (which I think it will) I have the option to buy more under the original option exercise price.
Ann: Application for quotation of securities - RAC, page-11
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Last
$1.32 |
Change
0.055(4.37%) |
Mkt cap ! $218.5M | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.33 | $1.26 | $149.9K | 115.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
$1.29 |
Change
0.055 ( 4.34 %) |
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| Open | High | Low | Volume | ||
| $1.26 | $1.33 | $1.26 | 12903 | ||
| Last updated 15.43pm 09/05/2024 ? | |||||
| RAC (ASX) Chart |