Shorts do not need to be closed out by tomorrow.
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Shorts do not need to be closed out by tomorrow.
What would happen on Monday?
If I am short on CFDs, how will that play out from Monday?
DO CORPORATE ACTIONS AFFECT THE LOAN OF SECURITIES
Corporate actions are events such as dividend payments, takeovers, rights issue, company restructures, returns of capital, buy backs, options exercise, share purchase
plans, and call payments.
In the event of a corporate action being announced it is likely you will be required to close out the position prior to the entitlement date, or be
required to deliver to us either a cash payment, or shares.
Typically you will have a new position opened short at the issue price. So in this case, if you are short 10,000 shares at $1.40, a new short position of 20,000 shares will be opened at an effective sale price of 53 cents. Say trading opened at 80c, you'd be in $6,000 profit on your original position and $5,400 loss on your new 'rights' position.
You must ensure you have sufficient margin in your account to accommodate these new positions. Additionally, it is also sensible to have significantly extra margin in case they change margin requirements due to heightened volatility.
And this is effective from ex rights date? 7pm 5th April?
$2.2b will probably last just over a year, with salary the 2nd highest bill, costing the airline more than a billion each year. So unless borders open soon, hopefully by Nov/Dec, and fuel price stabilise it'll continue to be a turbulent ride for the foreseeable future. Direct flight to NYC from Sept is way too soon I reckon. No point in doing that unless you can fill the plane and with testing cost still sky high I doubt that budget tourist will be back in force until next year when most countries finally rid of testing and vaccine requirements.
Agree that the new route to New York is mainly about window dressing the revive and thrive story.
https://www.goodreturns.co.nz/articl...or+31+Mar+2022
Jarden and Craigs have updated their target price 1 year hence and see it as 60 and 64 cents respectively, average target price 1 year from now is 62 cps.
Required rate of return in this, which is obviously a very high risk industry, must be at least 10% per annum so that suggests a fair value of about 62 x 0.9 = 56 cps next month. That values the rights @ 3 cps.
I see it as less than that as noted earlier today.
Just for fun...One thing is for sure AIR's aircraft will not be climbing out anything like these ones https://www.youtube.com/watch?v=zC89uDi8mEg
Fun fact as to why airshow demonstrations with the F22 fighter jet are so short.
According to one video I watched the commentator said they burn US 300 gallons (about 1125 liters) a minute, nearly 20 liters a second on full afterburner and they only hold 7500 liters so you get about 5 minutes on full afterburner and its time to land. Obviously in combat anywhere not close to a tanker aircraft for inflight refueling one uses afterburner very sparingly lol.
Correct. An adjustment is also made to the entry price to account for the theoretical rights price.
Is Greg getting a large success bonus for building the first Temporary Bridge into the fresh air or does that
come later when Refresh Pocket Raid #2 or #3 becomes necessary to hoodwink the gullable retail holders
when the Story needs to be rewritten for further chapters of 'We see distant lights on horizon' ? ;)
Perhaps in later revisions will come revelations that the big birds fly upside down all the way
to NY to save Avgas and to not blind the eager boys and girls gazing out from a Beehive, as they fly past :)