It is not necessarily cheaper. In fact I would be surprised if it was. The convertibles that I have participated in have always been at a higher price to the prevailing sp. It could be viewed as very negative if it was at less than 50 cents.
It is much better for the sp that CBH is issuing cn's. They don't add to the amount of scrip in the market place and its a cheap way to finance their projects. The market was well flagged that debt was required to fund these projects.
Interesting to note that PEM has turned the corner from a low of $3.52 two days ago (the last day of CBH's trading which was also at a low of 50.5 cents) to be now trading at $3.85. It has obviously bottomed and was completely oversold as was CBH.
The PEM and CBH prices track each other perfectly.
It could be a great day for CBH tomorrow.
i believe it is , page-17
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Last
7.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.030M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 136896 | 7.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.12pm 02/07/2024 (20 minute delay) ? |
| CBH (ASX) Chart |
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