I appreciate the viewpoint, but I would opine that in my scanty and unenlightened overview of the ASX, I have never noticed conversions of options when the oppies are about to expire, and are under water.
I get what you mean that a large clutch of held options means the holder can definitely acquire heads at a set price of $8.00 (and not have to compete on the open market, where a largish acquisition would presumably push up the heads' SP), but ...
...if by early-to-mid December, the AVRO's look likely to finish underwater (and before any presumable interested AVRO holder starts a last-minute conversion) then the market preception will be - oh well, oppies aren't going to contribute to the company's liquidity, therefore more CR's, therefore more shareholder pessimism, and therefore the heads' SP will drop waaaay below $8.00.
Having muttered thusly, I will throw in some reckless - if not optimism, at least a strange precedent:
(figures are approximate, the best of my unchecked memory)
a few years ago I held oppies in a biotech - heads' ASX code was BLT ('Benitec' ?).
Oppies had about 4 weeks before expiry, heads SP was about $0.30 (?), my oppies conversion price was about $2.00.
Couldn't give them away.
BLT price suddenly skyrocketed to $2.40+, oppies in the money. I did in fact sell them, albeit a week too soon.
So, strange things happen.
But this time around? December 2021 AVRO?
This punk is not feeling lucky.
- Forums
- ASX - By Stock
- Ann: Capital Raise
I appreciate the viewpoint, but I would opine that in my scanty...
-
- There are more pages in this discussion • 11 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 AVR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$18.60 |
Change
-0.100(0.53%) |
Mkt cap ! $357.5M |
Open | High | Low | Value | Volume |
$18.70 | $18.77 | $18.21 | $664.1K | 35.88K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $18.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.69 | 53 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 18.400 |
1 | 1000 | 16.000 |
1 | 198 | 15.150 |
1 | 1000 | 14.950 |
1 | 219 | 13.670 |
Price($) | Vol. | No. |
---|---|---|
18.690 | 53 | 1 |
18.800 | 258 | 1 |
18.900 | 500 | 1 |
18.910 | 100 | 1 |
19.500 | 21 | 1 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
AVR (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online