Paying 20c for the option when the SP will be 97c on day 1 risky.
You really only get the possibility of 1 year of appreciation with the option before you need to cash out due to the special once off dividend which I assume will be paid out like HML did. (Also assuming BHD is up)
The 1:1 dilution limits the options upside potential especially at 20c.
BHD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
