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MHH magellan high conviction trust

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$1.78

Did Hamish get it wrong fro all of us?, page-5

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01/03/20

16:24

Post #: 43242843
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Originally posted by wrxinvestor: ↑

So if you bought $50k in the IPO you got 33334 units, then you got 7.5% bonus units ie 2500 units for a total of 35,834 units. Since the bonus units were for free your total layout is still $50K.

The theoretical unit price for these shares is 50,000/35834 which is $1.3953 per share. At the current share price of $1.455 you should be up roughly 4% by my calculations.

DYOR

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Yes if u look at it from that aspect you are spot on. I was just plugging in 1.50 for the original holding and the 1.39 for the bonus shares.

MHH Price at posting: $1.46 Sentiment: Buy Disclosure: Held
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Did Hamish get it wrong fro all of us?, page-5

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