Well, OAs are selling at a NEGATIVE time premium.
This seems harsh given that they still have a few months to go and they are in the money
Never seen this before (they have been behind the heads price by >1.0c ever since the shares started trading again).
Trust me to own the ones where this happens!
So theoretically there is an arbitrage situation on - buy OAs now and convert for a 10% discount (completely disregarding the leverage still available on them as trading tools which is still there to a small extent, compared to the OBs, but with a bigger risk:reward situation)
I suspect (hope) that they will catch up (at least to a neutral time premium, ie 1c behind heads after all this initial euphoria settles down...
sasa
(I hold both OAs and OBs)
Well, OAs are selling at a NEGATIVE time premium. This seems...
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Last
45.0¢ |
Change
0.020(4.65%) |
Mkt cap ! $223.2M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 46.0¢ | 43.0¢ | $70.96K | 156.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 60617 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 5000 | 1 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| CTM (ASX) Chart |