GHG grand hotel group

***do not ignore property or hotels*****, page-3

  1. Goblin
    73,841 Posts.
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    13/12/05
    22:12
    Post #: 1276397

    Reason maybe why GHG has been falling.

    GHG have currently embarked upon a massive buy-back of its convertible shares

    There are currently 22.3 million CPS on issue with a face value of $1.70. Unless redeemed by GHG, these CPS will convert to ordinary shares at year end under a formula based on the volume weighted average price of GHG shares over the 20 tradings days prior to maturity on the 31st December 2005.
    GHG Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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