"i hold 1200 AFGHA plus another 800 AFGHA which i bough on thursday and to be settle tomorrow night. Do i have to pay for the 800 AFGHA notes?"
That's a really interesting question. I seriously considered making a punt on Thursday, but I never thought about this one.
Obviously, if you take the punt, being a good sport you should pay for it. But legally, the ex-div rule implies change of ownership does not complete until settlement, so maybe there is a loophole there. Imagine if such loopholes do exist, these opportunities would be almost as good as arbitrage!
Do let us know how you go. Good luck!
its officially over administration , page-44
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Last
$1.64 |
Change
0.065(4.14%) |
Mkt cap ! $442.7M | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.64 | $1.57 | $370.5K | 228.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 616 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 8076 | 4 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| AFG (ASX) Chart |