Ok I’ll warn upfront I’m about to ask some very stupid, Gumby questions as I’m a novice shareholder and a small one at that. So I get 1 free option for every 5 that I own. Let’s say I own 1000 shares, then I get 50 shares at a value of $4.50=$225 correct?
if I exercise them now I get $225? can I exercise them now?
if I wait until the share price rises say to $6 they are worth $300?
if I hold them for 12 months the cgt discount applies?
is there a case to be made to sell them now for $4.50, then use that cash to buy at the current price (circa &3)?
Have I got this completely wrong? Please don’t hammer me for asking these questions, I’m just a bit bewildered about what this all means.
Ok I’ll warn upfront I’m about to ask some very stupid, Gumby...
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$1.56 |
Change
-0.045(2.80%) |
Mkt cap ! $272.6M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.69 | $1.55 | $414.6K | 257.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 375 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 950 | 1 |
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| RAC (ASX) Chart |