I agree if you look at the projected earning of NUF and the amount they’ve received from the sale, the company should have no net debt and cash on it’s balance sheet within a very short period of time.
So I think it’s likey they will look at redeeming the notes at some point, and even if they don’t the notes should start to trade much closer to their face value given the risk of default has now been greatly reduced.
Ann: Completion of sale of South American businesses, page-3
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Last
$4.34 |
Change
-0.040(0.91%) |
Mkt cap ! $1.659B | |||
| Open | High | Low | Value | Volume |
| $4.35 | $4.37 | $4.31 | $4.859M | 1.118M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7580 | $4.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.35 | 58948 | 10 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| NUF (ASX) Chart |