Here is my reasoning:
Pre announcement price: $0.37
The in the money options (exc: $0.20) are then worth about $0.20 (i through in a couple more cents to account for the leverage you will get and the long time to expiry).
That means the post announcement, pre ex-entitlement price should be about $0.57.
Anything below that is free money. Am i missing something here?
incredibly good rights issue., page-5
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $4.786M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $2.476K | 353.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 4019081 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 960881 | 3 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| BMG (ASX) Chart |