re: abitrage math
Last Trade: 389.50 p Trade Time: 4:35PM Change: 4.25 (1.08%) Prev Close: 393.75 Open: 391.75 Bid: 389.25 x 32749 Ask: 389.75 x 4300 1y Target Est: 405.80
Live mid-market rates as of 2006.10.31 23:16:28 UTC. 3.895 GBP United Kingdom Pounds = 9.60234 AUD Australia Dollars 1 GBP = 2.46530 AUD 1 AUD = 0.405630 GBP
one Tullow share costs $9.60
10 hdr shares gets you 2.22289 Tlw
$9.60 x 2.22289 equals $21.34 divide by 10 hdr shares
equals $2.13 which is 11 cents above the offer
11c x 40% Maximun conversion is 4.4c
$2.02 plus 4.4c is $2.06 ?
Current share price HDR $2.02 and volume is 12mill
HDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
