I don't mind so much if they are saving up some capital to take out the $190m subordinated notes which can be done from 3 July 2025 with APRA approval. The 5% margin over swap rate makes them unnecessarily expensive given HLI's current financial position and accordingly I would be very pleased to see them redeemed.
If they are not planning on taking them out then I agree, more capital should be returned to us rather than keeping it sitting in a bond portfolio providing very boring returns.
Ann: Update - Notification of buy-back - HLI, page-13
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Last
$3.98 |
Change
0.100(2.58%) |
Mkt cap ! $1.124B | |||
| Open | High | Low | Value | Volume |
| $3.94 | $3.99 | $3.92 | $372.9K | 94.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1468 | $3.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.99 | 34214 | 13 |
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| Last trade - 10.37am 16/08/2024 (20 minute delay) ? |
| HLI (ASX) Chart |