Shares & Derivatives
I closed off my Saizen arbritrage
By Bully The Bear  •  March 11, 2016
I entered Saizen a few months ago, which I blogged about here. I just sold off today, so let's see if this arbitrage works out well. Entry price: $1.09 Ordinary dividends declared: $0.0283 Extraordinary dividends declared: $1.056 Exit price: $0.077 Profits per share: (1.056 + 0.0283 + 0.077) - 1.09 =  $0.0713 After accounting for commission for both buy and sell, the profit percentage becomes 5.9% all in. That's not too bad for a few months of work, haha! Whatever is left will be the escrow account, which is about $0.0895. The current price now is 0.080, so I'm leaving $0.0095 max on the table, which is about 80 dollars. I said max because they will still have some months to go in which the parties involved might claim from. I'll happy with leaving that money for ......
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By Bully The Bear
La papillion is french for butterfly. This blog chronicles my journey from an amateur in the stock market to where I am today. Have I turned into a beautiful butterfly? I don't know, but I think my metamorphosis is still on-going now :)
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