RE: RNS13 Jul 2018 10:42
I am indeed short before the 9th (around 2 weeks).
I can confirm you these 2 things:
it was indeed like a dividend: I was short 30000 stocks, I diminished my position to 20000 prior to the 6th, then I received a short position of 'rights' of 30000
no free lunch indeed !
since it's a 1:1 issue, I was expecting the the rights to be valuated at around SP-(19+27)/2=4 on 1st day before the fall from 26, and now 1
it's still quoting at 4 (well -4 for me!) but an automatic message from the broker says it may not be correctly valuated in the interface,
maybe i am wrong on the calculation, 1st time I short a right issue...
even more troubling, broker software say I am at a profit on this line now, don't understand why right now...
at my borker interractive bookers, they call it MTC.BAS, what do you all see at your broker ? @f15jcm you have a short as well, what's the situation
I have also receive 300.000 (so 10:1) MTC.EXC, no idea what it is at this point, but it's quoting 0 and does not change