The $2.10 Conversion Price is all smoke n mirrors because ALL dividends paid between now & then come off the $2.10.
So, if NHC pays 10c per share div each year, then the Noteholders will convert into shares at $1.60 (yes $1.60) in 2026.
And they are getting 2.75% interest along the way.
I'd love to know who the Noteholders are !
No better investment on the market IMHO
Ann: Sale of New Hope Shares & Entry into Long Equity Derivative, page-15
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Last
$4.76 |
Change
-0.100(2.06%) |
Mkt cap ! $4.023B | |||
| Open | High | Low | Value | Volume |
| $4.85 | $4.86 | $4.76 | $10.07M | 2.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 73067 | $4.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.78 | 23855 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| NHC (ASX) Chart |