Have a read of my Post #:
72428676 and Post #:
72428135 ~ 2+ weeks ago.
They IMO spell out that there's been b all liquidity in the Oppies for several weeks now, and the trades, since mid-Feb, imo continue to be made by 1 trader.
So if you've been a holder of the Heads - since & before the x-date of the current rights issue - and still haven't made up your mind about whether to take up your entitlement & perhaps apply for some shortfall -
so that all of that shortfall that eventuates does not get gobbled up by the insto vultures, who like me, have done the maths
believing, on the basis of recent SP history, that once the heads get over 16c they'll be in front, on their outlay, even iF
they just take up their entitlement @13.0c plus get 1:2 free oppies rather than buy the same quantity now, of heads @ 10.c plus half that for Oppies @ 4.0cbecause of the much larger capital gain that imo should eventuate in the Oppies - with STILL 2+ years to run till their expiry -
after the Heads have reached 16.
e.g. on 2 recent dates : 04 Dec 23 and 15 Dec 23 were when the Heads last closed at 16.0c.
but on those dates the Jun26 Oppies closed at 9.9c & 8.1c respectively.
Trust you can do the maths on this one.
Sorry for not being able to better precis this post, as others no doubt could.
So my current Sentiment remains
Buy : BUT your entitlement only, and
Hold: if you ain't got one to take up.
