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30/10/06
15:46
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abitrage math
TULLOW OIL (LSE:TLW.L) Last Trade: 400.00 p Trade Time: Oct 27 Change: 7.00 (1.72%) Prev Close: 400.00 Open: 405.50 Bid: 399.75 x 32749 Ask: 400.25 x 4300 1y Target Est: 404.80 Day's Range: 399.00 - 409.50 52wk Range: N/A - N/A Volume: 0 Avg Vol (3m): 4,507,230 Market Cap: N/A P/E (ttm): N/A EPS (ttm): 0.00 Dividend: N/A ( 8-Jul-05) 4.000 GBP United Kingdom Pounds = 9.85721 AUD Australia Dollars 1 GBP = 2.46430 AUD 1 AUD = 0.405794 GBP So buy my rough calcs 10 HDR shares gets you 2.2289 Tlw shares $9.86 x 2.22289 $21.97 So thats $2.19 each as opposed to $2.02 ( 17cents ) more but you can only get 40% of this So 17cents divided by 40% is about 7c ? plus $2.02 equals $2.09 ! Current s/p $2.07 Am I correct or am I a complete Twit ?