A couple of points Pete.
1. BEPPA conversion is an eternity away
2. Wait for the rabbit to jump out of the hat in regard to SPARCS conversion.
3. Well done on converting to BEPPA.
Yes there will be a conversion, but management have the final say on how it all unfolds.
Will there be 100% conversion - NO WAY - some holders won't lodge (default is rollover), some holders don't want the risk, and some holders will love the 10% p/a offered compared to bank rates right now.
So what will the conversion be?
No idea, but it would be really good to know the top 20 holders as this may provide an indication of direction prior to May.
max conversion good for beppa?, page-7
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