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88E

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33.3%

0.2¢ 88 energy limited

May I email you some more specific details of my holdings?

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mpapenhuyzen

48 Posts.

20/06/17

17:30

Post #: 25386870
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Originally posted by numbersman ↑

Options are really pretty straight forward.
They are the right to purchase shares at a predetermined price, by a certain date. In the case of 88E, the exercise price is 2c and the expiry date is December 2018 (I think the 15th but I'm not certain).
So if you own an option, you can either trade it on the market, or exercise the option by paying the 2c and coverting them to a share (heads).
From a capital gains tax perspective, the only down side is that the 12 month timeframe for the 50% resets when you convert them from options into shares.
The advantage is that you get more exposure for your money. The options look attractive at the moment because the gap is greater than the 2c exercise price (.066 to .045). For a give amount, say $10,000 you can buy 151,515 shares, or 222,222 options. If the price shoots up, as we hope, then you will make a lot more with the options.
If the share price goes to say 0.10 your shares would be worth $15,151, whereas our options would be worth .08c x 222,222 = 17,777. This is 2,626 additional profit, This is called gearing. You gain more because you have more shares, but if the price falls, you would loose more on the options because of the gearing.

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May I email you some more specific details of my holdings?

88E Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.2¢		Change -0.001(33.3%)		Mkt cap ! $57.78M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.2¢	$20.35K	7.617M

Buyers (Bids)

No.	Vol.	Price($)
135	201474331	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	597640393	190

View Market Depth

No.	Vol.	Price($)
134	191474331	0.002
307	1120161451	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	577640393	189
0.004	213934784	110
0.005	76531713	57
0.006	119976039	41
0.007	24406369	26

Last trade - 16.10pm 11/07/2024 (20 minute delay)

88E (ASX) Chart