Looking through the 'Annual Reports to Underlying Entities' released on 31/08/2022, you find that KKC listed a Spotify bond with a 0% coupon with a maturity date of March 2026 (accounting for approximately 0.5% of the portfolio). Looking online, it looks to be a convertible bond with a strike price of $515 per share. Spotify's shares are currently trading at $90.56 (after hours trading). Even at the time the bond was sold, Spotify's share price was about $310 (so, $515 was no high probability bet).
I'd say people who invest in high yield shares have a higher risk appetite, but, typically, they're still after income. I'm not sure how this security past the investment committee's investment criteria. I know hindsight is 20/20, but I think I can honestly say I wouldn't of thought of this security as eligible for KKC investment.
- Forums
- ASX - By Stock
- KKC
- Ann: Update - Notification of buy-back - KKC
Ann: Update - Notification of buy-back - KKC, page-2
Featured News
Add KKC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.30 |
Change
0.000(0.00%) |
Mkt cap ! $741.8M |
Open | High | Low | Value | Volume |
$2.30 | $2.31 | $2.29 | $681.9K | 296.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 68712 | $2.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.30 | 183759 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 68712 | 2.290 |
10 | 140939 | 2.280 |
5 | 76325 | 2.270 |
1 | 10176 | 2.260 |
1 | 250 | 2.250 |
Price($) | Vol. | No. |
---|---|---|
2.300 | 183759 | 6 |
2.310 | 49325 | 4 |
2.320 | 277670 | 9 |
2.330 | 69810 | 4 |
2.340 | 10735 | 2 |
Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
Featured News
KKC (ASX) Chart |