cj expiry date is 27/2, the volume weighted average price is calculated based on last 5 days mother's share price inclusive 27/2. Thus IB is pressing the mother's share price to avoid paying premium. Hap Seng is a solid FA company, buy now as the share price will definitely shoot later!
I agree with Joel. Definitely not due to CJ expiring. Hapseng is a issued 2 billion share company 75% owned by 1 person. It would take a lot of money to engineer the price to this level for the sake of not paying the difference between the strike and market price of the CJ. Its not worth it.
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....
Mel2learn
146 posts
Posted by Mel2learn > 2015-02-24 18:07 | Report Abuse
Yeah man. Any news?