hi all
i posted this in the naos small cap (nsc) stream earlier but havent got a response so thought i would try here.
does anybody have any thoughts on this offer? is it worth it and also how does it work? do we buy NAC notes at $100 each, which we then get payed $5.50 (5.5%) per note for 5 years ($30.50), we then have the option of either converting them to NAC shares at a price of 1.15 per share (does that mean roughly 86-87 shares per note, and we pay no extra?) or continuing to collect $6.50 in the 6th year and &%7.50 in the 7th year (taking us to $42.50). and then the notes mature if we haven't already converted them. what does maturity mean? i'm presuming/guessing it means we get our $100 per note back having collected $42.50 in interest payments over the previous 7 years, but hoping for clarity. does this seem worth it compared to just buying shares and getting dividend while hoping for share price growth. guaranteed vs potential risk?
cheers.
- Forums
- ASX - By Stock
- Ann: 5.50% Unsecured Convertible Note Offer
hi alli posted this in the naos small cap (nsc) stream earlier...
Featured News
Add NAC (ASX) to my watchlist
|
|||||
Last
49.0¢ |
Change
-0.015(2.97%) |
Mkt cap ! $21.03M |
Open | High | Low | Value | Volume |
49.0¢ | 49.8¢ | 47.0¢ | $48.06K | 99.00K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 25564 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 16316 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 25564 | 0.490 |
1 | 6150 | 0.485 |
1 | 6315 | 0.475 |
4 | 53415 | 0.470 |
1 | 1076 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 16316 | 1 |
0.510 | 21097 | 3 |
0.520 | 20000 | 1 |
0.540 | 30000 | 1 |
0.560 | 34893 | 1 |
Last trade - 15.32pm 27/06/2024 (20 minute delay) ? |
Featured News
NAC (ASX) Chart |