(This is in reply to Index’s last post as I can’t seem to link his post)
yes, all can realise the piggies by exercising and selling the shares for higher than the piggies.
however it would be much more valuable to the piggy holders to be able to sell the piggies on market (if and when listed) since there is still a long time till expiry. I calculated piggies will be worth 57c if at June RAC is $1.30. Versus a profit of only 5c selling the resulting heads of $1.30. That is an 11x difference.
I hope piggies will be listed soon. So that our portfolios can all feel a little bit more healthier even if we don’t plan to sell. In addition, those that want to raise cash can do so and those that want to add leverage to their existing RAC holdings can also do so by buying more options on market.
Here is the calc:
(This is in reply to Index’s last post as I can’t seem to link...
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 (20min delay)
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Last
$1.22 |
Change
0.030(2.52%) |
Mkt cap ! $202.7M | |||
| Open | High | Low | Value | Volume |
| $1.22 | $1.22 | $1.16 | $78.70K | 66.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 4561 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$1.19 |
Change
0.030 ( 0.42 %) |
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| Open | High | Low | Volume | ||
| $1.19 | $1.22 | $1.16 | 11297 | ||
| Last updated 15.56pm 07/05/2024 ? | |||||
| RAC (ASX) Chart |