It doesn't quite work like that.
A fall of that magnitude would trigger a breach of the lending covenants & trigger a capital raising.
With the price where it currently is that would be diluting & as such would reduce the NTA further.
A snowball effect if you like.
Anything bigger than a 20% fall in asset prices & were in trouble IMO.
Ann: Dividend/Distribution - COF, page-108
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add COF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.19 |
Change
0.005(0.42%) |
Mkt cap ! $710.8M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.21 | $1.19 | $1.396M | 1.168M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13000 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 36204 | 2 |
View Market Depth
| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| COF (ASX) Chart |