Mercer's first tranche of notes is due for redemption/conversion on 19th May (in about 2 weeks).
We do have the cash to pay them out but if they decide to convert at 90% of VWAP we could see a few more shares come on the market.
Just a rough calculation - Face Value of Notes $1.62m - Assume VWAP $17 = approx 106k shares.
I am not suggesting that Mercer would do anything to influence the share price after conversion but if, by some strange coincidence, the price was to rise there could be a good/better return there for them.
Could be beneficial for other shareholders too unless you are buying.
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Last
$6.27 |
Change
0.360(6.09%) |
Mkt cap ! $97.17M | |||
| Open | High | Low | Value | Volume |
| $5.93 | $6.30 | $5.91 | $107.9K | 17.39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | $6.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.27 | 200 | 1 |
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| Last trade - 15.42pm 27/06/2025 (20 minute delay) ? |
| AVR (ASX) Chart |