HSX Forum

Playing & Trading Strategy

See inside for an alternative way of phrasing the answer.

Posted by: DTravel on Feb 04, 11:08 in response to ArmchairInvestor's post Quick question about cashing out

In your example you bought 50 shares of a stock.  What price you bought them at makes no difference and has no effect on what you will get when the stock delists.  If the stock delists at $100 because it is a movie stock and the movie made $100 million at the time of delist, then you will be paid H$100/share.  100 * 50 = 5,000.

Now, say the day before the stock delists it is currently priced at H$200/share.  That would give your 50 share investment a H$10,000 value.  If you sold your 50 shares at that time you would get H$10,000 minus the commission.  In this case commission would be 1%, so you'd receive H$9,900.  (Delisting stocks have no commission.)

Delisting a stock cashes out ALL shares, whether held long or short.  In effect a delist is a forced Sell/Cover order with no commission.

As for why you wouldn't sell your H$200/share stock if you KNEW it was going to delist the next day/week/whenever at H$100/share, well, you probably wouldn't.  Laughing  But as Antibody is fond of saying, "No one knows anything."





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