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Beazley are paying a 5% divi tomorrow. As a stock indy of oil movement and if the FTSE remains in its current phase then this is likely to offer a quick arbitrage turn as it probably won't sell off by the full 5% in the morning. Always like these punts as the average yield for holding less than a day is between .5 and 1% unleveraged.
DonkeyApple said:
Beazley are paying a 5% divi tomorrow. As a stock indy of oil movement and if the FTSE remains in its current phase then this is likely to offer a quick arbitrage turn as it probably won't sell off by the full 5% in the morning. Always like these punts as the average yield for holding less than a day is between .5 and 1% unleveraged.
All things being equal it most certainly will drop by 5% if the dividend equates to 5% (and assuming you actually mean the share is going ex-div as opposed to paying a divi).If it was that easy don't you think every hedge fund under the sun would do it?
gregf40 said:
DonkeyApple said:
Beazley are paying a 5% divi tomorrow. As a stock indy of oil movement and if the FTSE remains in its current phase then this is likely to offer a quick arbitrage turn as it probably won't sell off by the full 5% in the morning. Always like these punts as the average yield for holding less than a day is between .5 and 1% unleveraged.
All things being equal it most certainly will drop by 5% if the dividend equates to 5% (and assuming you actually mean the share is going ex-div as opposed to paying a divi).If it was that easy don't you think everyone would do it?
There are imperfections created by the movement of funds moving in/out ahead of the XD and a retail trading operates in volumes that can benefit from this arbitrage op.
Have a look at the special div paid on Melrose this week, that traded above as did AstraZeneca last week.
Catlin last week has failed in contrast but if you run the right filters and monitor the order book flow changes in the run up then it's a low risk strategy with a near 70% strike rate.
DonkeyApple said:
gregf40 said:
DonkeyApple said:
Beazley are paying a 5% divi tomorrow. As a stock indy of oil movement and if the FTSE remains in its current phase then this is likely to offer a quick arbitrage turn as it probably won't sell off by the full 5% in the morning. Always like these punts as the average yield for holding less than a day is between .5 and 1% unleveraged.
All things being equal it most certainly will drop by 5% if the dividend equates to 5% (and assuming you actually mean the share is going ex-div as opposed to paying a divi).If it was that easy don't you think everyone would do it?
There are imperfections created by the movement of funds moving in/out ahead of the XD and a retail trading operates in volumes that can benefit from this arbitrage op.
Have a look at the special div paid on Melrose this week, that traded above as did AstraZeneca last week.
Catlin last week has failed in contrast but if you run the right filters and monitor the order book flow changes in the run up then it's a low risk strategy with a near 70% strike rate.
Is there any hope for UK small and micro caps in 2015 or best to get out? I bought into the Marlborough fund in March last year and it's been a dive ever since. Clearly a case of bad timing but I don't want to keep up the underperformance chasing a break-even scenario when there are other opportunities.
TheLordJohn said:
Don't know if it's been asked yet, but as we are a car forum, has anyone looked into Ferrari yet?
I'll be getting some automatically, providing I don't sell up my Fiat shares first (97% gain, don't expect much more out it for now). I'm not so interested in Ferrari though, a much less interesting narrative I think, so I'll probably sell them. I might need to think about what the pound/euro direction is though, as it's put a dent in my Fiat profits. Edited by trashbat on Saturday 28th February 08:55
trashbat said:
TheLordJohn said:
Don't know if it's been asked yet, but as we are a car forum, has anyone looked into Ferrari yet?
I'll be getting some automatically, providing I don't sell up my Fiat shares first (97% gain, don't expect much more out it for now). I'm not so interested in Ferrari though, a much less interesting narrative I think, so I'll probably sell them. I might need to think about what the pound/euro direction is though, as it's put a dent in my Fiat profits. Edited by trashbat on Saturday 28th February 08:55
traxx said:
Arent Fiat aiming for some crazy PE like 35?
On Fiat or Ferrari? If Fiat I probably ought to know, but I've no idea. I gather it's currently around 16.My interest in it's been as a growth share on the back of a turnaround tale & hopefully some positives in the forthcoming Alfa revival, so hasn't to date been very much about the specific economics, but nowadays at a fairly high share price I should either get out or look at the detail.
If anyone has any Bacanora BCN.L then tomorrow could be a good day to sell.
Up 32% this afternoon in Canada, mid price 1.78 Canadian Looney.
A limit sell just over a Pound should go thru ok during happy hour.
Or of course it could go higher, as there is quite a high speculative component to UK
Up on 4X volume, I only saw it because one of my limit sells was exercised.
Up 32% this afternoon in Canada, mid price 1.78 Canadian Looney.
A limit sell just over a Pound should go thru ok during happy hour.
Or of course it could go higher, as there is quite a high speculative component to UK
Up on 4X volume, I only saw it because one of my limit sells was exercised.
ked?DonkeyApple said:
My partner was running a stop at 5.5% so was stopped out in Beazley at the open for break even as the trade technically failed. I was on the phone and missed it and am holding a 3% loss and waiting for the bid up now over the following 7 days or so which usually occurs.
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