current price is 15.5, so after the XC date the price should be ((15.5*2) + 8.75) / 3 = 13.35
is this correct?
so who ever buys TWOD before the XC date would end up with profit, isn't it? (Theoretically)
cost of buying 2 shares before the XC date = 31
sale after XC date(after the bonus is credited) = 13.25*3 = 39.75, so there would be a profit of 8.75......
the question is will the price be 13.25 after the XC date or will it drop further down?
(Open for experienced experts to comment......)