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20.5¢ resapp health limited

exchange rate risk?

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pilko3

6,657 Posts.

843

13/09/22

18:20

Post #: 63677926
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Originally posted by gimmegimme: ↑

A profit of 0.3c on a purchase price of 20.5c is a gain of 1.4634%.

Share bought today will settle on Sept 15 and paid out by Pfizer on Sept 23, so the funds will be employed for eight days for that 1.4634% return.

But, most importantly, that equates to an annualised return of 66.8% calculated thus, 1.4634% ÷ 8 × 365 = 66.8%.

There is no fund in the world that wouldn't go for a return like that. They do a deal, employ the funds, get the return and then move onto the next deal.

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exchange rate risk?

RAP Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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