I agree that these Piggy Back options are extremely valuable to the holders. At the current share price of around 95c, the options package is worth 9.5c. As the share price moves up, the options increase in value at a greater rate than the sp. that’s the leveraged nature of options.
Here are my B&S calcs:
Also Prof Borje has a stack of in the money options. If he is a rationale investor, he should exercise these early before the 29 Nov ex date to be entitled to the options package. That will be another $861,600 coming into Race’s bank account in the next few days.
Dr T please advise if Prof Borje’s options are cashless or not?
Should someone step Prof Borje through these options so he doesn’t miss out, as I assume he is very busy in his day job and may not be a close watcher of RAC sp and these new options.
I agree that these Piggy Back options are extremely valuable to...
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Last
$1.22 |
Change
0.030(2.52%) |
Mkt cap ! $202.7M | |||
| Open | High | Low | Value | Volume |
| $1.22 | $1.22 | $1.16 | $78.70K | 66.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 4561 | 1 |
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| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$1.19 |
Change
0.030 ( 0.42 %) |
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| Open | High | Low | Volume | ||
| $1.19 | $1.22 | $1.16 | 11297 | ||
| Last updated 15.56pm 07/05/2024 ? | |||||
| RAC (ASX) Chart |