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Andy
I’m not sure the buy low principle applies when you are paying a fixed amount of 30p.
One could almost argue they’d prefer to buy when the share was at its highest anticipated level so that they have to sell a smaller proportion of their holdings to cover the exercise cost…
The fact that 7 people have recommended your completely illogical post speaks volumes about the intellectual capacity of the average Sareum shareholder.
Anyway, if people tend to buy at the perceived low, when would you say they typically sell?
I reckon circa 150K.
If they achieve an average sell price of 50p, they’ll need to sell 60% of the holding to cover the 30p buy cost so that’s circa 114K. Plus a bit of CGT and then it looks like they fancy a bit of spending money. So 150K minimum I’d say.
Did anyone see how many were left on the bid at 55 at close?
So if the option exercise price is 30p, does that mean the SP 10 years ago was 30p? So basically, shareholders holding for 10 years would have been better off putting their money in premium bonds? Or have I missed something?
Laz/Andy
Full ask was only paid because the buyer didn’t know how to buy properly. That wasn’t the best price available. So it didn’t infer an upwards movement was coming, as can be clearly seen by subsequent trades.
Hi Reality
I try to answer whenever I am asked a question. Those are my honest beliefs.
Clive put in a token amount to try and fluff the price up. If he genuinely believed the price was going up he would have bought more, surely. That’s my interpretation anyway. And he doesn’t know for sure where the SP is going. Nobody does.