另外，"When HSBC announced the rights issue Monday, the deal was already fully underwritten by the bookrunners: Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM), BNP Paribas SA (BNPQY), Credit Suisse Group (CS) and Royal Bank of Scotland Group PLC (RBS)."
If the right is trading at less-than-3.5, people who are holding HSBC would sell their shares and buy the rights as the latter is cheaper (ignore the transaction cost).
Similarly, if I want to buy HSBC and the right is trading worth less-than-3.5, I will buy the rights instead of HSBC shares as it is cheaper.
# 插圖由高登 skyward.@hkgolden 設計
18 則留言:
供唔到股, 問題愈黎愈嚴重。
HSBC 已經做成左環保連鎖性惡性循環。依家英國個邊又跌緊, 隨時聽日已經供股價。
今鋪HSBC 既管理層, 真係錯估形勢, 依家唔知點收科。
又: 今次 d 富豪可能要食晒 d 貨。
No eye see.
P.S. 好鍾意你個log design.
好幽默!!!
四大富豪買起5仔
正爆,多謝馬沙!高登巴打真係創意十足!
己收藏到我的爛GAG Collection!
南杏,
d 富豪最怕冇得食晒 d 貨!
由公報日起開始先在市場沽空,假設平圴價$45, 遲D $28接貨去平空倉,勁好味!
仲有分包銷佣金做甜品,正!
要明白,富豪同散戶嘅分別係佢地有得玩沽空,你冇....
好彩有富豪認投了不少...... :-P
理論除權價係$31.53,唔係2$23.3
理論除權價=(12*$33 + 5 * $28) / (12+5)
= $31.53
都係"獅子銀行情意結"累事喇!
超鍾意你個log design同埋口號!
另外，"When HSBC announced the rights issue Monday, the deal was already fully underwritten by the bookrunners: Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM), BNP Paribas SA (BNPQY), Credit Suisse Group (CS) and Royal Bank of Scotland Group PLC (RBS)."
所以若果股價跌低過供股價，應該係呢d underwriters上身，而hsbc係可以順利攞到錢既，所以應該小心d呢d underwriters好過﹗
各位,
插圖由高登 skyward.@hkgolden 設計,並非出於小弟手筆!
下面狼人兄畫咗滙控插畫多年,我好欣賞佢!
手快快計錯數,謝謝Jacky Wong 兄指正!
供股權仲值3.5喎沙沙!
你唔要不如俾我賣左佢??
大廢柴兄,
$3.5 係理論權價,咁有冇人醒到會用呢個理論權價買權再加$28去供,中間仲要食幾日不能賣嘅風險?
要知道$3.5 中,時間值佔最大 ^_^"
馬沙, 還有沒有月供匯控?
沙沙，
3.5 is intrinsic value not time value.
Assume the ex-rights price is 31.5.
If the right is trading at less-than-3.5, people who are holding HSBC would sell their shares and buy the rights as the latter is cheaper (ignore the transaction cost).
Similarly, if I want to buy HSBC and the right is trading worth less-than-3.5, I will buy the rights instead of HSBC shares as it is cheaper.
Faichai
buy #5 below $28 not too late
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