RE: shorts24 Aug 2022 00:43
Can't do me sums.
1M shares @ 48.56p = £485,600
£485,600 + 0.67% day interest rate =
485,600 + 3253.52 = 1M shares + £3253.52 interest to repay
1M shares purchased at 47p = £470,000
Balance
485,600 - 470,000 = £15.6K
less interest - £3253.23
= £12,346.77 day profit for 1M share loan (less trading expenses & tax)