ahm IS AT 755P IF YOU LONG IT ON SPREADBET A 350PP BET WILL TAKE 13212 MARGIN,WE ALL KNOW THAT IT WILL GET TO 800P THE GE BID PRICE SO YOUR RETURN WILL BE 15750 PROFIT WITHOUT ANY RISK.

Correction to those figures - AHM is 760p mid, G142 call warrant is trading at 283/303.

This gives potential 40p rise in AHM, or 5%, excluding dealing costs. At 0.8 delta, there is a potential 32p gain (to 335), or 10.5%, offer-offer. Assuming the same 20p spread on the warrant at close of the deal, the bid would be about 315 - giving an offer-bid gain of only 3.9%. Doesn't look particularly attractive after all. With a June 2004 expiry, and a time to clear the deal of perhaps 6-9 months, that looks a bit close for comfort as well.

Ah well, nice idea - back to the drawing board!

the prediction came true,any1 bother taking some?