So 3 month and 10 year yields are around all time lows of 3.2%. So we add 4.7% to get 7.9%.
Then we apply a 30 % franking credit which we would have a plentiful supply, this should reduce to around 5.5%.
So, 5.5% on $145 million is around $8 million in distributions before hybrids could be bought back.
Not bad when you consider that the hybrids are trading at a 60% discount to face value i.e $87 million discount to original debt raising.
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$6.45 |
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-0.020(0.31%) |
Mkt cap ! $1.233B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.50 | 1462 | 3 |
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| Last trade - 16.10pm 15/07/2025 (20 minute delay) ? |
| ELD (ASX) Chart |