Ok, so let's think this one through and I will go slowly for you guys.
Leveraging is not relevant long term since the conversion date is in the near future any long term holders are going to have to pay the premium plus the $0.30 so it would be illogical to buy LOMOB if you were planning to convert and hold long term.
So, if you're accounting the premium to being for a short term trade (<2 months) then ask yourself, what exactly is the play here? We are talking about a high risk, speculative share increasing in price over the next two months (short term) even though it has risen 30% in the past 2 weeks. Not only that, but, you are doing this at a ratio > 4:1 AND you are paying a premium for the privilege. If that is the best play you can find in the stock market, then you are not looking hard enough.
LOMOB, page-27
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Last
5.6¢ |
Change
-0.004(6.67%) |
Mkt cap ! $16.24M | |||
| Open | High | Low | Value | Volume |
| 6.6¢ | 6.6¢ | 5.5¢ | $47.36K | 820.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 280076 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 116300 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| LOM (ASX) Chart |