CER centro retail group
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Am I correct to assume the following:If I buy 50,000 cer today...

  1. Lama
    745 Posts.
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    02/12/11
    13:36
    Post #: 9382085
    Am I correct to assume the following:
    If I buy 50,000 cer today (final day of trading) at 31cts , equals $15,550.

    Conversion at 5.29 = 9451 new CRF shares @ $2.50 = $23629

    Book profit = $8079 ???


    If my analysis is correct, why CER SP today is now going higher , assuming quite substantial profit to be made on 15th Dec when CRF commences trading ??
    CER Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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