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From: | "greg" <gregoire@paradise.net.nz> |
Date: | Sun, 12 Aug 2001 16:34:10 +1200 |
1. He can buy 500 FFS for $160 and make a
return of 18/32 = 56.25%.
2. He can buy 200 RBC for $160 and make a
return of 1.4*18/80 = 31.5%.
I personally think RBC's shareprice is going to be
governed by the big holders such as CSFB in the short term. RBC's
shareprice has risen on slim volume to 80cps as far as the big players are
concerned and the share by buy back gives them the opportunity to offload at
these prices.
Rgds,
greg
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