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We have another unique situation (and wonder if someone somewhere would be doing a thesis on market sentiment in CSE, we seem to get a lot of case studies) with regards to HNB.N and HNB.X
HNB.N:
Currently trading at: 209.90 (current spread is 200.40 - 208.90)
Rights issue: 1 for 10 at 219.50
XR: 4th July 2011 (two more days till cum-rights)
HNB.X:
Currently trading at: 116.50 (current spread is 116.50 - 117)
Rights issue: 1 for 10 at 119.50
XR: 4th July 2011 (two more days till cum-rights)
If everything to go sane, then the share prices have to reach at least 219.50 and 119.50 (it's slightly higher than that, but when you round to two decimals, it rounds to this. The effect of dilution is low). If so, HNB.N will rise by 4.77% and HNB.X will rise by 2.57% within two days. Granted not a big amount (i.e. not a 20-30% move), but it's good enough.
OR would this be worse than LDEV?
Note: This is not a buy/sell/hold suggestion at all. Do your own research.
HNB.N:
Currently trading at: 209.90 (current spread is 200.40 - 208.90)
Rights issue: 1 for 10 at 219.50
XR: 4th July 2011 (two more days till cum-rights)
HNB.X:
Currently trading at: 116.50 (current spread is 116.50 - 117)
Rights issue: 1 for 10 at 119.50
XR: 4th July 2011 (two more days till cum-rights)
If everything to go sane, then the share prices have to reach at least 219.50 and 119.50 (it's slightly higher than that, but when you round to two decimals, it rounds to this. The effect of dilution is low). If so, HNB.N will rise by 4.77% and HNB.X will rise by 2.57% within two days. Granted not a big amount (i.e. not a 20-30% move), but it's good enough.
OR would this be worse than LDEV?
Note: This is not a buy/sell/hold suggestion at all. Do your own research.
