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Monday, 17 May 2010

Noble - Adjusting the buy price after bonus issue: 11 for 6

Market price adjustment for Noble Friday closing price of $2.98 is $1.928. You may adjust your purchase price simply as follows:

($Buy Price x $1.928) divided by $2.98 = adjusted buy price after bonus issue.

Bought at $3.11 is internally adjusted to $1.87 by getting more than its fair share from the total bonus issue entitlement for the purpose to sell them at board lots.
Bought at $2.85 is adjusted to $1.72

So after the bonus issue, Noble holding will have 55% value impact for every price bid movement. Enjoy the slightly more portfolio price volatility.

1 comment:

  1. Hi bro8888,

    It's easier if you just take the buy price x 11/17. That will give the adjusted price of noble after bonus.


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