If ELD is now a "survivor", then ELDPA may be a great buy!
- Buy at $50
- assume BBSW 3.5%
- assume delayed redemption at $100 cash payout not conversion at end 2013, more than 2 years after step up
NPV cash flows=$116
Equivalent rate of return to achieve PV of $116 using quarterly interest = 59% PER ANNUM (yes, per annum)
Running yield of 16% per annum (income) plus 100% capital gain in 4 years EQUALS 59% PER ANNUM RATE OF RETURN
revised economics of buying eldpa
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Last
$9.24 |
Change
0.010(0.11%) |
Mkt cap ! $1.460B | |||
| Open | High | Low | Value | Volume |
| $9.26 | $9.29 | $9.17 | $2.372M | 257.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1227 | $9.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.27 | 1388 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| ELD (ASX) Chart |