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$1.31 tfs corporation limited

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city1866

1,853 Posts.

185

29/11/16

14:46

Post #: 20965778
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Originally posted by city1866 ↑

It just clicked for me.

The old notes were listed in the Signapore exchange in USD, according to the CBONDS site most of the holders were major us financial firms, mutuals, bond funds et ecetera

The options are in aussie. If you short now and move the cash into USD your betting on the aussie depreciating. If the aussie goes from 78 to 70, you have a 11.4% gain - costs =10% profit, risk free. If it goes to 60, circa 30%.

And I though our cat was smart. What do I know

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Add in the difference re sell 1.55 , buy 1.28 and at

70usd profit , circa 28%
60usd profit , circa 48%

Not counting opportunity cost of time

TFC Price at posting: $1.55 Sentiment: Hold Disclosure: Held
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0 Great analysis

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