My analysis had the same conclusion as yours, I think the margin of safety is high unless we're missing something.....
URFPA rank higher tham URF in the capital structure if things really do go bad.
They essentially hold their value to the point URF become worth less than $0.50
It is in unitholders best interests to convert URFPA on the first conversion date - especially from a cashflow perspective which management has focused a lot on in recent reports.
In the interim you're getting close to a 10% yield.
My analysis had the same conclusion as yours, I think the margin...
Add URF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
28.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $201.1M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 28.5¢ | 28.0¢ | $77.53K | 272.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15090 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 110000 | 3 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| URF (ASX) Chart |