Interestingly, HC shows that volume on Chi-X was 38.82M, much larger than 14.44M on ASX. Normally it is other way around, ASX's volume 5-10 times bigger.
On the other hand, only 38.1M shares were loaned by WHSP for hedging, much less than 75M shares committed by WHSP. This shows that appetite for hedging is subdued, i.e bond investors are feeling optimistic.
Taking together volume and placement numbers, we can say that nearly all of those who wanted to hedge are already hedged.
And coal prices across the curve are higher too.
Ann: Convertible Note Offering, page-55
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Last
$4.76 |
Change
-0.040(0.83%) |
Mkt cap ! $4.023B | |||
| Open | High | Low | Value | Volume |
| $4.81 | $4.81 | $4.73 | $9.769M | 2.052M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 10047 | $4.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.77 | 2100 | 1 |
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| NHC (ASX) Chart |