Anyone looking for a bargain head down to Havelock Investments: AM100 shares available at ฿0.0395 right now
The mad stupidity in Sandstorm forced me to liquidate just a smidgen to play with it for my personal amusement haha
Facepalms all around
Why such a big difference ??
With those AM100 shares you only get 95% dividend, so I guess the share price is also only 95% of a full share.
Well the 5% from dividends is tiny compared to the arbitrage sometimes
If the dividend is
0.03
The difference in the share price should be 0.0015 a share
So it makes more sense to just buy the PT at a lot less than the main unless you want to play with the main or are holding long / converting to direct
Also when the board seat benefits do kick in the extra dividends will be added value
This is not in play yet though so just the arbitrage difference makes it a smarter move to buy the PT most times but the Full do have a premium because of the differences above
And SOS
Either the API bots are being retarded or people are not doing their research as I write this it has made a
1600% return in 4 hours mumble but the IPO sold out in 5 seconds to 6 orders apparently so I feel pissed at napping
Even the issuer is surprised keeps watching as the rest of the market wakes up with a Cheshire Cat smile