Drill thrill.
With this one it is both drill and takeover thrill.
Hold on to your nads.
Turbins
F
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Drill thrill.
With this one it is both drill and takeover thrill.
Hold on to your nads.
Turbins
F
I get a Tradingroom portfolio update from Fairfax daily at 1910 UK time for PPP Aus opening prices; but not today yet. Why is that?
SSHO: PPP: FORM 604 - NOTICE OF CHANGE IN SUBSTANTIAL SHAREHOLDING
Details of Holder
Name: Tattersfield Group
Class of Securities: Ordinary Shares
Person's Vote: 52,844,752
Voting Power: 12.2%
Last year annual report has Allan Walker Tattersfield as holding 15m shares, 3.5%, so hes been buying up a few !
Searched internet, his name comes up from Justice Dept as a licensed second hand dealer.
Must be lots of money in other peoples junk.
Tatts ,try Walker & Hall Ltd , one of Auckland's & Kings College top 40, a very successful investor!
Looks like if you want to get a good holding in PPP, you can get that by buying the options at A9c or NZ10c with heads at A26c or NZ28-30c (small payment down now and less brokerage) and then exercise them before end of the month.
The saving could be anything from 1 to 2 cents a share plus the saving on brokerage.
One friend of mine was talking about borrowing heaps to buy into PPP. Now that is risky at any time but I can see why he wants to. No way is this share price going to stay at these levels. We have a good one here barring a worldwide disaster. Good fortune to you longs and new entries!
Sharp
Sharpie,
yes, quite unbelievable that people would buy PPP at 30c when they
could buy them for 27.5c via PPPOA, a 8.3% saving.
Efficient markets? (Where are the arbitrageurs closing the gap?)
Rational investors???
Hahahahahaha
Grumpy, Sharpie
Even in Sydney where trading volumes are much higher there is a 2 cent anomaly between the options at 9.5c and the heads at 26.5c. The heads can't be showing their true value with all these cheap options lying on the floor. Must be a lot of punters with options who don't want to stump up the cash to exercise them.
Mx
Yeah, think you're right there manxman.
7M shares through before market even opened @ 30c
http://www.directbroking.co.nz/direc...=NZSE&QQSC=ppp
That 7m shares went thru at 25c. Wonder if NZO dumping a few more.