“Thanks VR ... exactly ... still is. The other day someone got hold of some ops at .48 when the ordinaries were .72 ... presuming they converted immediately they were effectively buying the stock for .66.”
That’s arbitrage and that was a significant gap to make it worthwhile, not leverage. I don’t believe that’s the leverage you were referring to as it has usually traded close to that 18c gap. It is mainly meant better multiples of the current price.
“Thanks VR ... exactly ... still is. The other day someone got...
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Last
41.5¢ |
Change
0.025(6.41%) |
Mkt cap ! $205.4M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 41.5¢ | 38.5¢ | $359.6K | 927.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37440 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 24999 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
39.5¢ |
Change
0.025 ( 1.28 %) |
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| Open | High | Low | Volume | ||
| 39.5¢ | 39.5¢ | 38.5¢ | 26888 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CTM (ASX) Chart |