Shares & Derivatives
Was it a right choice to sold off Noble?
By Poor Learn Rich  •  July 7, 2016
A recapped, about a month after the sold off, and about a week after it XR. Have sold off Noble shares on 03 Jun 2016. Let's see whether did 穷小子 had made the right choices so far. From the price at $0.26 on 03 Jun 2016, to the closed price at $0.215 on 27 Jun 2016 (the day before XR). It is about a drop of 17.3%. Based on the formula, and with the rights issued price of $0.11, the theoretical price should be $0.1625. Due to whatever the reasons, it closed at $0.18 on the 28 Jun 2016 (the XR date) which is higher than the theoretical price. The mother share closed at $0.184 today, 07 July, and with Noble R share closed at 0.074. 穷小子 sold his 3,000 shares on 03 Jun, the value is about $780. If 穷小子 had ......
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By Poor Learn Rich
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