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is pxupa a buy?, page-71

  1. asf
    9,887 Posts.
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    29/06/11
    10:20
    Post #: 8601901
    Of interest, TPA has just decided to step up their margin for TPAPA:

    http://www.asx.com.au/asxpdf/20110629/pdf/41zgxb6cdwd869.pdf

    Rates on these hybrids are a lot cheaper than companies would have to pay to distressed debt folks (particularly when the company doesn't pay the distribution at all!)
    SRS Price at posting: 12.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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