After the storm..what awaits will be Sunlight..its just another Cycle...Buying now slowly and keep for the year..by next half all stocks will rise again and penny will be in play during June July period if you guys got patient and money to hold.
The argument for 0150PA is the convexity - at mother share below 0.16, gains and losses are linear and the preferrential shares are convertible to normal shares at no risk. At above 0.16, 0150PA acts as a zero-risk call option. Basically it is like buying a normal share with free option build in for returns higher than the underlying mother stock.
But of course performance of the mother is still the key, at below 0.16 its no difference than buying the mother share.
I love to have the free convexity in my portfolio though, equities still on track for a great 2018 globally, and this is a company that is finally getting its act together :)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
gghaha
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Posted by gghaha > 2018-01-30 15:43 | Report Abuse
how deep is the hole going to jump ler.....:??