Lucky, be extremely careful of that trade at the moment, the...

Lucky, be extremely careful of that trade at the moment, the dynamics have changed dramatically.

In my view the gap until approximately 400 million bbi (bond holders/traders and fearful) are sold will advance.

I agree there is an arbitrage possible but NZ shareholders will not get their SRN before Friday and probably not until Monday. I got mine by deed poll today, but most will wait until the mail is received, from Australia that is a minimum of three days (BBI won't airmail them which is a min. of two days.