Seems like a good move on the face of it and very happy they can do it out of operating cash flow.
The only question I have is - Why did the bond holders agreed to it if they are missing out on $2M?
Ann: Repurchase of US$11M of Convertible Bonds Due 2017, page-8
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Last
$9.56 |
Change
-0.040(0.42%) |
Mkt cap ! $2.872B | |||
| Open | High | Low | Value | Volume |
| $9.87 | $9.94 | $9.49 | $17.29M | 1.799M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 6861 | $9.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.56 | 2278 | 8 |
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| Last trade - 15.30pm 07/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |