S Split Corp, discussed on April 30 has closed, with 4.5-million shares outstanding. There was the usual price-pop and heavy volume; the issue closed at 10.42-45, 53×10, on volume of 415,750 shares.
I’d say there’s still a little value left: the curvePrice is $10.79, comprised of :
Price due to base-rate : 10.26
Price due to short-term : -0.30
Price due to long-term : 0.71
Price due to Interest Income : 0.00
Price to to Cumulative Dividends : 0.00
Price due to SplitShareCorp : -0.22
Price due to Retractibility : 0.37
Price due to Credit Spread (2) : -0.13
Price due to Liquidity : 0.21
Price due to Floating Rate : 0.00
Price due to Credit Spread (3) : 0.00
Price due to error : 0.03
Price due to Credit Spread (High) : 0.00
Price due to Credit Spread (Low) : -0.12
Update: This issue has been added to the HIMI Split-Shares Index.
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