HDR hardman resources limited

ubs could mean new bid in play, page-22

  1. 42,363 Posts.
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    re: abitrage math Last Trade: 389.50 p
    Trade Time: 4:35PM
    Change: 4.25 (1.08%)
    Prev Close: 393.75
    Open: 391.75
    Bid: 389.25 x 32749
    Ask: 389.75 x 4300
    1y Target Est: 405.80


    Live mid-market rates as of 2006.10.31 23:16:28 UTC.
    3.895 GBP
    United Kingdom Pounds = 9.60234 AUD
    Australia Dollars
    1 GBP = 2.46530 AUD 1 AUD = 0.405630 GBP


    one Tullow share costs $9.60

    10 hdr shares gets you 2.22289 Tlw


    $9.60 x 2.22289 equals $21.34 divide by 10 hdr shares

    equals $2.13 which is 11 cents above the offer


    11c x 40% Maximun conversion is 4.4c

    $2.02 plus 4.4c is $2.06 ?


    Current share price HDR $2.02 and volume is 12mill

 
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