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 ......