Australia's largest stock trading and investment forum Australia's #1 stock forum

IMU

Click for more information

3.45%

8.4¢ imugene limited

that doesn’t make sense. You can still exercise the option in...

First 45 Last

Share
Profile

Follow
dealmein

513 Posts.

120

01/03/24

12:34

Post #: 72693434
Share

Originally posted by Mat.B: ↑

IMO, the last share purchase plan has created a price ceiling with $30mil in options executable at $0.118.

Long story short, everytime options are converted to ordinary shares, it pulls the listed share price back down from $0.12. On the upside, the shareprice appears to have stabilised over the past month bouncing between $0.105 and $0.12 instead of $0.08 and $0.12. I expect a slow push through the "ceiling" over the coming month.

I don't know what the conversion numbers are, but it's likely people are converting early to lock in their cost-base (at conversion), to take advantage of the CGT discount available 12months+ from now. Assuming the share price blows up over the next year investors who converted early will take advantage of the 50% CGT discount versus investors that covert at the time of sale, the latter carries no discount and they'll pay tax on 100% of the profit. Unless of course they sell unconverted options...

Anyone else holding NYR?

That's just my 2 cents, DYOR, not financial advice, GLTAH

Expand

that doesn’t make sense. You can still exercise the option in august 2026 and keep the share for a year and get the cgt discount . New cost being option price and 11.8 cents for exercising the option.

IMU Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 36 more messages in this thread...

First 45 Last

Add IMU (ASX) to my watchlist

(20min delay)
Last 8.4¢		Change -0.003(3.45%)		Mkt cap ! $614.8M

Open	High	Low	Value	Volume
8.5¢	8.6¢	8.2¢	$2.066M	24.59M

Buyers (Bids)

No.	Vol.	Price($)
4	155713	8.3¢

Sellers (Offers)

Price($)	Vol.	No.
8.4¢	140171	5

View Market Depth

No.	Vol.	Price($)
4	155713	0.083
10	611860	0.082
10	821289	0.081
14	1011693	0.080
13	1538310	0.079

Price($)	Vol.	No.
0.084	140171	5
0.085	1074367	6
0.086	550888	4
0.087	2459125	7
0.088	1695168	10

Last trade - 16.10pm 01/05/2024 (20 minute delay)


Last 8.3¢			Change -0.003 ( 4.16 %)
Open	High		Low	Volume
8.5¢	8.6¢		8.2¢	6789460
Last updated 15.59pm 01/05/2024 ?

IMU (ASX) Chart

SPONSORED BY