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3.00% $2.40 oceanagold corporation

FWIW here is one analyst's view on the Philippino situation from...

  1. JID
    3,568 Posts.
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    29/09/16
    04:48
    Post #: 19493765
    FWIW here is one analyst's view on the Philippino situation from a trading perspective

    Cheers
    John

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    1 A Philippino pair trade
    Posted: 27 Sep 2016 12:51 PM PDT
    An idea for instos and funds with easier access to the short side. Considering...1) the apparent difference in gravity between the company infractions (according to the Philippino govt anyway), as BTO's looks rather admin-related while OGC's looks potentially serious2) the relative exposure of the two companies to the country in NAV terms (OGC has more percentage of its overall corporate neck on the line)3) the roughly equal share price reaction so far today (I recently saw BTO down 12% and OGC down 13%) ...a decent pair trade looks like long BTO/short OGC from here.
    OGC Price at posting: $3.89 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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