On Tue (6 Oct),
Origin will be traded on the ex-entitlement basis code ORG
Entitlement will be traded on a deferred settlement basis code ORGR
So shorters can certainly buy back ORG straight from the market for say $5.2 or less. They can also buy 4 entitlements (say $1.2 each) for every 7 shares shorted to compensate the lenders right ?.
The net borrowing cost of shorters for each share = $5.2 + ($1.2 x 4/7) = $5.2 + $0.69 = $5.89/share.
They still made 21c profit if sold at $6.1 before trading haft last week...
Of course they would make more profit if can buy ORG < $5.2 and ORGR < $1.2 ......
So I won't say shorters are burning on this CR...
On Tue (6 Oct), Origin will be traded on the ex-entitlement...
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Last
$9.72 |
Change
-0.010(0.10%) |
Mkt cap ! $16.74B | |||
| Open | High | Low | Value | Volume |
| $9.73 | $9.73 | $9.67 | $36.13M | 3.721M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1686 | $9.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.73 | 14458 | 2 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| ORG (ASX) Chart |