PIH prime infrastructure group.
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The plot thickens...AUD is up through .9350 this morning, so...

  1. timber1956
    7,424 Posts.
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    14/09/10
    07:28
    Post #: 7192977
    The plot thickens...

    AUD is up through .9350 this morning, so that works against holding USD denominated BIP. However, BIP is up to USD 18.98 overnight (from USD 18.30), so the AUD value of PIH realised through accepting the BIP offer is $4.87 (before adjusting for brokerage and FX spreads) up from $4.73 on the Friday close.

    On that basis I would expect PIH to be up today. It will be interesting to see how much selling interest there is at $4.60.

    Good luck, DYOR, and check my calcs (USD18.98 / .9353 x .24).
    PIH Price at posting: $4.55 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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