@contraindicator
Agree, they could have waited for approval if such waiting didn't require additional capital raising on the ASX's side. Then, selling the business with approval might have fetched an even higher price than the current offer. However, shareholders still have a say in the upcoming vote, if approval happens before then.
The main drawbacks of a covered call strategy are the risk of losing money if the stock plummets (in which case the investor would have been better off selling the stock outright rather than using a covered call strategy) and the opportunity cost of having the stock "called" away and forgoing any significant future gains in it.
I only trade BSE on my own research, not influenced by others. I made a bad call on STA but luckily exited at around 36 cents as I felt it was time to get out. These two trades (STA & BSE) have left me breaking even so far. Thankfully, BASE has helped recoup some of my losses from STA last year.
@contraindicatorAgree, they could have waited for approval if...
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Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $294.5M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.0¢ | 24.5¢ | $563.6K | 2.275M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 735229 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 1342821 | 16 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
24.5¢ |
Change
0.000 ( 2.00 %) |
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| Open | High | Low | Volume | ||
| 25.0¢ | 25.0¢ | 24.5¢ | 1138285 | ||
| Last updated 15.55pm 03/05/2024 ? | |||||
| BSE (ASX) Chart |