Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

HMM CB Conversion on June 30: Shareholding Dilution & Float Reduction Risks

Investigating HMM's Latest Bond Conversion Situation for a Shorting Setup

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>Should the stock conversion decision be reached this week, the new shares will be listed on the 15th of the upcoming month. So, they will officially debut on October 16th.</li>
<li>On the day of the new share listing during the immediate previous case, the price dropped by 2.36%, and on the very next trading day, it declined by 3.72%.</li>
<li>Given the present dilution rate of 30%, there is a higher probability of even more pronounced price movements in the same direction.</li>
</ul>


Should the stock conversion decision be reached this week, the new shares will be listed on the 15th of the upcoming month. So, they will officially debut on October 16th.
On the day of the new share listing during the immediate previous case, the price dropped by 2.36%, and on the very next trading day, it declined by 3.72%.
Given the present dilution rate of 30%, there is a higher probability of even more pronounced price movements in the same direction.


Seizing a Trading Opportunity Aimed at HMM's New Stock Listing Date

HMM Co., Ltd.

Seizing a Trading Opportunity Aimed at HMM's New Stock Listing Date