Well it is a pretty good deal. Some of you ELDPA holders have touted about getting $110 in about a year, a 15% return. You are only going to get that next year if the company returns to paying dividends.
If the company does indeed start paying dividends, then how about the hybrid holders state what they think the ordinary shares would then be worth? A 15% increase from now is ~$4.31.
To me if ELD does indeed start paying dividends I think the price would be north of $5.00 i.e over 30% gain
Restating it, to me if you believe the company is going well enough to pay out the hybrids in full then you would have to believe the share price at that time would be a better return. i.e > $4.31
Ann: Capital Raising Presentation correction-ELD.AX, page-86
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Last
$8.42 |
Change
0.030(0.36%) |
Mkt cap ! $1.330B | |||
| Open | High | Low | Value | Volume |
| $8.36 | $8.45 | $8.28 | $4.127M | 490.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2148 | $8.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.44 | 477 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ELD (ASX) Chart |