Still getting head around this ....
10) There is NO share placement today, or in the near future to dilute current shareholders
NHC
1) Gets $196m (200 less fees) & pays int semi-annually
2) Could need to issue shares at $2.10 if Noteholders convert (any time from August 2021)
3) Could need to repay Noteholders at face value in 2026
Noteholders
4) Gets 2.75% interest
5) Can convert anytime at $2.10
6) Can redeem for face value in 2026
Side deal
WHSP
7) Lends scrip to any Noteholder wanting to short/hedge the stock.
Noteholders
8) Can short the stock at $1.68 through Jeffries and get paid today.
Soooo, the effect is .....
9) Loan at 2.75%. Noteholders also get a "call option" (from NHC the company) to buy at $2.10 and a "put option/cash received today" (from current shareholders) to sell at $1.68.
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Last
$4.32 |
Change
0.000(0.00%) |
Mkt cap ! $3.651B | |||
| Open | High | Low | Value | Volume |
| $4.30 | $4.34 | $4.28 | $1.577M | 367.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 7646 | $4.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.33 | 22320 | 18 |
View Market Depth
| Last trade - 10.18am 28/07/2025 (20 minute delay) ? |
| NHC (ASX) Chart |