Monday, November 12, 2012

Far East Orchard (existing clients pls read)

Far East Orchard: expect FEOR's share price to adjust after the counter goes XA on 21 Nov, comprising the 12cts special div and 0.22086 YHS share distribution in specie. Assuming YHS shares are last traded at $4.15, the theoretical downward price adjustment for FEOR on going XA should be : $0.12 + 0.22086 x $4.15 = approx $1.04 ie. if FEOR was last traded at $2.76 just before going XA, the theoretical price on the next opening session should be $1.72.

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