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6.75% $1.87 dra global limited

buys convertible notes, page-13

  1. dougggy
    484 Posts.
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    14/04/10
    13:07
    Post #: 6571701
    John, good point. But why is the cnotes price so much higher than the sp on conversion? I know that in this current market 10% is a fair premium to current interest rates but surely that can't be the whole reason? Aside from the certainty surrounding repayment etc. But the c-notes were always classed above ordinary shares in terms of repayment.
    DRA Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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