Due to the SPP being set at no more than 15c if you hold 100k shares or less and have your weighting in the stock you sell now at 19c say $15k of shares and use the funds to take up the SPP at 15c or lower.
You have your capital safely in your back pocket free to do with it as you wish in the interim but effectively hold a call option over those shares that you have sold. The call hasn't cost you anything. You are not exposed to any market risk in the meantime.
the % arbitrage at 19c is running at an annualised rate of 250%+
Nothing to turn your nose up at is it.
I'd be estactic if I could lock in a risk free profit in a trade that gave me such an annualised return.
What fundamental news events are on the horizon in the coming 4 weeks that will drive PRR up versus a risk free 250% annualised return.
Rgds
Prof
Due to the SPP being set at no more than 15c if you hold 100k...
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Last
33.5¢ |
Change
0.015(4.69%) |
Mkt cap ! $479.3M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 32.0¢ | $769.0K | 2.355M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 334962 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 83318 | 8 |
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| Last trade - 12.58pm 25/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |