gnspa, page-9

AAZPB has rallied strongly this morning. I think GNSPA could follow.

Both attractive as stepped up already and yield is good with chance of redemption. i.e. margin 5% over BBSW=say 8.5% over next few months based on 100 face. this is around 11.3% per annum yield at purchase price 75. Then capital gain of 25/75 or 33%. Even if they give you 102.56 worth of shares, and you sell them for 5% less than VWAP, you still get a capital gain of 30% on top of the yield.